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Disney Pinnacle Launch With Digital Pins

BAYC Co Founder Goes On Epic NFT Buying Spree

Author

Gannon Breslin
November 16, 2023

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Sorry for missing Tuesday’s issue - unfortunately I got sick over the weekend but ready to bring the heat for today’s issue so make sure to scroll to the bottom to not miss anything!

🪄 Disney Pinnacle Is Launching!

Hold or “Hodl” your horses, Disney is jumping right back into NFTs..

Just the other day, Disney announced its plans to tokenize its cartoon characters and icons from Pixar and Star Wars on its NFT marketplace, Disney Pinnacle. With the help of Dapper Labs (yes it will be on the Flow blockchain) Fans will be able to collect and trade digital pins on their phones securely and instantly.

Here’s the announcement below:

For those that remember, Dapper Labs is the brains behind the ultra successful NBA Top Shot and one of OG of OG NFT collections CryptoKitties. Disney plans to launch “digital pins” of famous Disney characters (Pixar and Star Wars).

Here’s a sneak peak of these pins below:

💡 What are we going to do with these pins?

Using the Flow blockchain, these pins will be easily buy, sold, and traded amongst collectors on a mobile marketplace. An important thing to note is that non native NFT buyers will likely not even know that these digital pins are on the blockchain - something that Dapper Labs, Disney, and Flow has put utmost importance on. Disney pin trading has been around for decades (heck I even had pins on my Disney lanyard) and this digitized version will likely organically adopt countless Disney fans into the world of web3.

You can join the waitlist for these pins on the Disney Pinnacle site here.

  • Nikes NFT collections have generated $1.4B in trading volume (TB)

  • The other day Bitcoin surpassed ETH in NFT sales during a 24-hour window. (@BitcoinMagazine)

  • The developer of the “Mutant Ape Planet NFT” collection (a knockoff of the MAYC NFTs) pleaded guilty to defrauding buyers and netting almost $3 million. The developer, Aurelien Michel, faces up to five years in prison and has agreed to pay $1.4 million in forfeiture. (CD).

  • The Renga Twitter account was compromised and over 15,000 USD was stolen. See the full statement here. 

ICYMI: Gordon Goner Grail Buying Spree 💰

Is it possible to go one week where Bored Ape Yacht Club isn’t making front-line news? Well, no not quite yet.

This time it’s a co-founder of the yacht club “Gordon Goner” that has everyone in the web3 space turning their heads.

It all started with this tweet two days ago:

Gordon did NOT disappoint and went on a grail scavenger hunt collecting a rare NFT from Doodles, Meebits, Cool Cats, rektguy, goblintown, chimpers, CryptoPunk, CrypToadz, Sappy Seal, DeGod, Pudgy Penguin, DeadFellaz, and an Adam Bomb Squad. In total, Gordon spent close around 781 ETH ($1.5 MILLION) on grail NFTs in the past couple of days. Talk about giving the space a boost for this next bull run.

Check out the collection below:

The best part? He says his buying spree isn’t over yet. Keep an eye out today for what he buys next 👀

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  • Circle, the creator of USDC, is in talks to go public in 2024 after previous SPAC fallout (BLOCK)

  • Robinhood to expand crypto trading into the EU in 2024 (CD)

  • Web3 coalition Ninety Eight raises $25M for a crypto & blockchain ecosystem fund in Vietnam (CT)

  • Crypto funds saw ~$260M in inflows last week (MR)

Trust me when we say things are starting to heat up in the web3 gaming space:

And web3 gaming isn’t the only thing heating up. NFT collections across the board have had an incredible week:

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That's all for today's issue! Thanks for reading this far and also make sure to give our Twitter a follow daily for breaking web3 news! (@TheDropNFT)

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Disclaimer: The Drop DOES NOT provide financial advice. All content is for informational purposes only. The Drop is not a registered investment, legal, or tax advisor or a broker/dealer. Trading any crypto-related asset is extremely risky and could result in significant capital losses.