Elon Buys Twitter, Good For NFTs?

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GM! We hope everyone is having a great start to their week 

What's Dropping ⚡️

• BAYC metaverse land sale The Otherside will begin on April 30! The mint auction will be exclusively in ApeCoin for KYC-approved members. More details here.

• Skull Dungeon NFT gears up for mint today, led by Lego graphic designer Djordje Djordjevic. The NFTs feature amazing pixel art of ghoulish skulls and will allow users to collect $gemii to build dungeons.

• Hackers managed to swindle over 50 BAYC from Instagram and Discord users with a fake mint link yesterday. This is another reminder to be extra cautious and vigilant when connecting your wallet!

• EightBit made some huge moves after a ton of NFT influencers happened to all change their PFPs to the project... at the same time... coincidentally of course... Floor is sitting just under 1 ETH after a huge weekend run.

• Vee Friends Series 2 officially minted out. Check out the collection here. Floor is just above 1 ETH.

• Jimmy Fallon pumps Moonbirds further with a supportive tweet and profile picture change.

• Yesterday was BUSY and this single tweet sums up how much craziness can happen on the internet in one day.

• How can blockchain technologies be integrated with Cloud services? DCB World explores the possibility alongside a raffle system.

• Nascar fans may want to check out these new Raceday NFTs, featuring Dover Motor Speedway-themed 3d cars.

Elon Musk Buys Twitter 🐦

The idea that Twitter behaves as an open forum for people to envision the future and critique the present is something NFT Twitter knows all too well. Twitter is the principal tool among traders to keep a pulse on the wide and varied NFT landscape. Elon’s desire to reduce restrictions and regulations on speech on Twitter is the primary motive that drove the buyout claim as we see in this already ultra viral tweet below.

His ethos parallels the values of Web3 insofar as he doesn’t agree that centralization should lead to the manipulation of what speech people can and can’t see through algorithmic priority. NFT Twitter will likely benefit from the changes he has proposed by ensuring all users are authenticated, which will subsequently allow users to spot and filter out accounts that are clearly bots. Nobody knows exactly what this verification/authentication will look like but Elon has made it very clear that the current system will change. With the recent uptick in spambots infiltrating the NFT world, Musk’s new future for Twitter will be a welcome change. 

Floor Update 📈

 YugaLabs Otherside Land Mint 4/30 🏗

  Start writing here: Anyone that follows the NFT space has heard or seen Yuga Lab’s announcement regarding the OthersideMeta land being released sometime in April. And that time is finally here.

Yuga Labs announced late Tuesday evening that the OthersideMeta mint will take place on April 30th at 12 PM EDT. The only way that you can participate in the mint is if you completed the KYC form that was tweeted out on March 10th of this year. The cherry on top with this drop is that it will utilize the native token, $APE. With speculators talking about the drop being in the form of $APE for a few weeks, that is now a certainty. Subsequently, $APE’s price went on to skyrocket to an all-time high of $19.52 (the price is $18.78 at the time of writing).

With BAYC’s ecosystem growing consistently throughout the past year, this land sale is set to take them to the next level. With the purchase of the Punks, Yuga Labs has secured its position as the most valuable NFT company in the space. That being said, they have to try and protect their holders from ongoing scams and hacks, as proven by the BAYC Instagram hack on Monday (4/25). Being the big player in the space comes with great responsibility. But, it is factual that Yuga is completing its fiduciary duty to create value for holders, which is apparent with this week’s highly anticipated drop. Apes, YGMI. See you on the ‘Otherside’.

Meme Drop 💧

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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. 

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