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GameStop NFT Marketplace Launch

CryptoPunks: Market Rescue?

July 13, 2022

Welcome to The Drop NFT Newsletter. Breaking NFT news, project breakdowns, & artist spotlights - We do the heavy lifting so you don't have to! Join our Discord to win raffles and allow list spots!

Happy Wednesday!

We are halfway through the week (finally) and the other day we announced our new logo design that you see above. We also launched our revamped TikTok! Make sure to give it a follow because it will be sharing and highlighting all web3 news 😊

What's Dropping ⚡️

  • It appears that Ryder Ripps has gotten an entire legal team together to fight in court against Yugalabs. See the drama here.

  • Playboy and the sandbox have created the MetaMansion, a social game within the Sandbox world. (Twitter)

  • Incredibly unique project Cyberfist Universe sets a new standard for pre-building communities. With retro-futuristic 80s-themed art and a live-action comedy series set to release this summer, they've already secured a mass following. (Twitter)

  • Serena Willams just picked up a CloneX (Twitter)

  • Here is a breakdown of the massive bill that could change crypto. A 68-page report covering stable coins, taxes, and regulation - is definitely worth the read.

  • A new Tower Offense game called SOLdiers features pixel graphics and puts a new twist on an old genre. These Solana-based NFTs will be dropping soon. (Twitter)

  • Last month Bitcoin miners got the short end of the stick after the market dipped. Mining costs became more than can be made in profit, so large mining companies have been selling off their reserves. (GlobeNews)

  • The weekly crypto funds report shows the second week of influx, meaning more buying than selling is happening currently. That's three weeks in a row for ETH, leaving altcoins dryer than usual. (Coinshares)

  • Another stablecoin joins the ranks, supported by the British Pound. The poundtoken (GBPT) was recently launched by financial technology firm Blackfridge. (ProactiveInvestors)

  • More than 40+ projects on Terra are migrating over to Polygon ($MATIC), one of the most notable being One Derby Stars NFT. (Twitter)

  • Axie Infinity is bouncing back with sales rising enormously over the last week. (Decrypt)

GameStop NFT Marketplace Launch 🛍

Tuesday saw the launch of GameStop's premiere NFT marketplace aptly named GameStop NFT. The marketplace interface is clean and uncluttered. Unlike OpenSea’s format, GameStop does not yet have a dedicated section for traders to analyze macro trading data. Its current direction is directing users toward an array of featured artists. Since it is in Beta mode, these are artists that have received permission thus far to share their NFTs on the marketplace. Interested parties can apply through the website. With the launch of its marketplace, GameStop has also introduced its own wallet.

The website indicates that they are invested in the marketplace’s future utility. They are already building functionality for Web3 gaming, working with Immutable X. GameStop along with Warner Records and eBay are using the discounted crypto environment to enter the space and with sophistication too. We’re built to live through winters and build well in winters, it's how we’ve even made it to be the first active members of the budding digital social infrastructure that will succeed the internet in time. GameStop wants to sell the same product, and it's figuring out how to do it with the new structure of ledger-based property rights, things are changing and they are keeping up.

Biggest takeaway? In 24 hours GameStop NFT Marketplace did over $1 million USD in trading volume!

Twitter Spaces: Multibeasts by the Haas Brothers 🔥

Yesterday our team was fortunate enough to do a Twitter space with the Haas Brothers who are world-renowned artists, have art featured in LACMA & RISD, and have sold 6-figure sculptors sold at Christie’s and Sotheby’s. Their art also has traditionally been commissioned by celebrities like Rihanna, and Leonardo DiCaprio. Now taking their first large step into Web3.

The project is titled "Multibeasts" and it has some incredibly unique facets that the NFT space hasn't seen before (personality tests, IP rights on-chain, and more).

If you want to listen to the full Twitter space click here.

You spoke and we listened, we are ramping up our Twitter Space presence as a team.

Today at 11 AM PDT we have a Twitter space with some huge names. We are very excited to spend time on Spaces with our friends from @jenkinsthevalet!

We’ve got @valetjones @seeapefollowape & @notthreadguy cued up to discuss their Bored and Dangerous Book Launch ⚡️

To set a reminder for this space click the link below!

CryptoPunks: Bull Market Heroes? 📈

Investors are looking for anything that can be attributed to a bullish signal during this difficult market. One of these bullish signals? CyrptoPunks continue to be bought up left and right for jaw-dropping prices.

NFT "Whales" (buyers with large amounts of capital) seem to be buying blue-chip projects during this bear market with strong conviction. The projects of choice seem to be CryptoPunks and Fideenza's by Tyler Hobbs which closely resemble the ultimate OG grail NFT projects. Many speculate that this is a healthy signal and might be the thing that ignites the gunpowder to get us out of this slump. CryptoPunks in many ways put NFTs on the map and now they can hopefully get us out of this bear market!

Meme Drop 💧

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