Former TIME President Joins Moonpay

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We hope everyone had a great Thanksgiving! 🦃

• NFT-backed show on Fox called Krapopolis has already released a few collections. Their latest is the rare "Key to Krapopolis", the holder of this NFT will be included as a background character in the show. (@FOXTV)

• Groundbreaking project World of Women launches NFT gated merchandise experience, allowing holders to design their own WoW clothes. (@worldofwomennft)

• DJ and NFT creator Deadmau5 is launching a metaverse scavenger hunt with the help of Pixlnyx. (DC)

• Candy Entertainment will be dropping scanned props from Stranger Things as digital collectibles on Nov 20. (@Candy_ENT)

• Fidelity Charitable recently created Art of Generosity, an NFT collection with the purpose of raising $50K for various charities. (@FidelityChrtbl)

• Mastercard files another Web 3 oriented trademark, the phrase "Mastercard Crypto Secure" is theirs. (@KondoudisLaw)

• High-quality art project Claynosaurz dropped on Solana just a couple of days ago. (@Claynosaurz)

• Vandal City Corps joins Cardinal Labs as they look set to adopting their royalty standard. (@cardinal_labs)

Game7 $100M Web3 Gaming Grant 🎮

Game7, a Web3 gaming DAO (Decentralized autonomous organization), has announced that they are launching a $100 million grant program for individuals building in the gaming sector of Web3. The company’s vision is to create a community-driven model to “shape capital allocation decisions, define gaming standards, fund open-source software, and help make the gaming industry sustainable by ensuring it’s equitable and fair.” 

Distribution will transpire over the next 5 years, and this grant will allow builders to receive the resources and capital needed to effectively build in this space. For their first grant allocation, Game7 is focusing on open-source technology, which is targeted towards individuals/companies that are working on game development tooling, smart contracts and standards, core infrastructure, and community tooling. The prime focus of this initiative is to make Web3 more accessible, thus funding builders who have promising futures.

💡 The DropSometimes, we don’t execute despite having ideas. Sometimes, we don’t have the funds and resources required to bring an idea to fruition. This helps mitigate those issues in the gaming sector. If anyone is building in Web3 gaming and is interested in applying for this grant, the link is: https://grants.game7.io/.

Keith Grossman - President Of Moonpay 🏆

TIME Magazine has been kind to web3… unlike many web2 publications that choose to report on caricatures of web3 rather than its substance, TIME has not only espoused the exciting possibilities that web3 generates, but it has also participated in producing NFTs.

And now we know why… Keith Grossman, who served as TIME’s President for three years is so invested in the web3 future that he has officially announced his move to become the President of MoonPay.

• Under his tenure TIME has been able to create an NFT community around their TIMEPieces collection that includes more than 60,000 people.

• He’ll be gone but TIME will be connected to web3… MoonPay is going to be actively working with TIME’s NFT collections

• Onboarding… Keith wants to use his engagement and growth skills to help MoonPay onboard the next billion people onto web3.

💡 The DropDespite the market downturn we’ve experienced of late, we have seen Nike, Universal Studios, and Starbucks come into the space with intention and strength. Keith Grossman was at the behests of one of the most respected publications, and he is now going to represent a crypto institution. On this note, there’s a very different way to look at this historical moment in light of FTX’s recent collapse. The weak and fraudulent are imploding, and the hard-working and honest are establishing the bright future of web3.

y00ts' Big Announcement 👀

While unwinding from the Thanksgiving weekend, degens kick-started the new week from the Dust Labs and DeGods community. The team through Frankdegods made a pre-announcement to roll out 3 big things that will affect y00ts, DeGods, and the entire Solana NFT ecosystem.

• First of the big things to drop was a y00ts announcement, announcing its staking mechanism, a non-custodial staking with no SPL token but instead points (y00tpoints).

• Holders will get to spend these points on rewards.

• The reward includes airdrops, physical goods and sponsored brand activations.

Although we’ll be getting the third announcement today, the second big news is on a new and improved staking experience for DeGods holders. Holders now have to interact with only one website when staking their DeGods and DeadGods. And just like the staking mechanism of y00tsNFT, DeGods stay in holders’ wallets while staked with a point (DePoint) being earned every minute. In addition, the Dust Labs team, the brain behind the three popular collections (DeGods, tOObs and y00ts) that have done over 1M SOL in trading volume wants to onboard a select group of Solana NFT projects onto its platform.

Sponsored Content: There are no sponsored ads in this newsletter.

• Polygon Partners With Magic Eden

• Cristiano Ronaldo NFTs

• NFT Tax Breakdown

• Rolling Stone: The Real Value Of NFTs

• Yuga Gives Back

• Nike Launches .SWOOSH Web3 Platform

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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Gannon Breslin, CryptoVonDoom, Naveed Lalani, Alex Reed, Naman Patel, Big Tuna

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