💳 Green card

GM. It’s Tuesday. Welcome back to The Drop.

If you’re reading The Drop for the first time, welcome! If you’re a returning reader, we appreciate you! 

Prices have been up lately, and we’re finally seeing the green shoots of spring. But are we back yet? Doesn’t quite feel like it.

— Kate Irwin

Another crypto payment card — this time for SOL

Crypto firm Solayer is releasing a debit card for crypto users, the company shared exclusively with Blockworks. 

The card, called the Emerald Card, will use the Solayer Infini Solana Virtual Machine (SVM) L1 chain.

The Emerald Card will be available in over 100 countries, including the US, and it has an Apple Pay and Android Pay integration, according to a press release.

A rewards program tied to the card is expected to launch soon, allowing cardholders to earn crypto, airdrops and access staking.

Solayer will use SolanaID — an account system from Bulgarian firm Digitalsocial — for the card. This system identifies users and lets them link multiple wallets across chains to create a single identity, which may then be offered rewards, discounts and access tailored to their trading profile.

“We’re excited to work with Solayer to help bring off-chain spending into the world of on-chain reputation,” said SolanaID Head of Growth Ben Showard in a statement. 

“Emerald Card is a huge step forward in connecting real-world activity with your crypto identity — and we’re proud to support a product built for users who move the ecosystem forward. Emerald Card is not only transforming your yield-bearing digital assets into real-world dollars to spend at every corner, it is also a path for users to build up their internet reputation utilizing Solana ID,” Showard added.

The card is first being made available to 40,000 users via a community sale. New registrations will open at a later date.

It’s not the first crypto card to hit the market, though, so it’ll have to compete with the others out there. There’s the Solana SolCard and the Gnosis Pay debit card, for example. Avalanche announced a Visa-powered credit card back in February, and MetaMask unveiled something similar that month using Mastercard.

OpenSea adds SOL memecoins

OpenSea has made its expansion beyond just NFTs official, in case any of you needed another platform to trade your memecoins.

The exchange said on X that fungible Solana token-trading is now live for some users in its closed OS2 Beta, and Solana NFTs will be added soon.

Beyond yesterday’s announcement of the addition of SOL tokens, I can also see tradeable Base memecoins, Arbitrum tokens, and Ethereum-based ERC-20 tokens on OpenSea right now without logging into my account. The “Trending Currencies” section is on the homepage — just scroll down slightly and you might see it.

Clicking on a token will open up a chart showing its price over time, with the ability to buy the token via a menu on the right side of the screen. More “trending tokens” are shown at the bottom in a carousel menu.

I think this move toward becoming an “everything app” for crypto is smart to adapt to changing trends and less frothy markets — but OpenSea’s usually-sleek homepage design is starting to look cluttered:

The OpenSea team has also hinted that more announcements may be coming this week, so stay tuned.

Treeverse plots token

The crypto-powered mobile MMO Treeverse, which debuted on iOS, Windows and Android last month, may be launching its END token soon. Treeverse is a fantasy MMORPG where players can level up skills and fight their way through dungeons and boss fights. 

The project’s creator, Loopify, has said “Season One” of the game is coming soon. “Once the official blog announcement is made, it is set in place. And we expect that to be no more than a week from now,” they wrote on April 9, which was nearly a week ago as of Tuesday.

CyberKongz free from the SEC

After a slew of crypto firms including Coinbase, OpenSea, Uniswap and others revealed the SEC has closed its investigations into their respective companies in recent months, an NFT project shared similar news today.

The ape-themed NFT collection CyberKongz said it’s no longer the subject of an SEC investigation, according to a post from the project shared Tuesday morning.

“After years of litigation, unjust allegations, crippling legal fees, and the biggest hurdle we could possibly encounter — we are free,” the project wrote on X, adding: “the shackles are lifted. We have been preparing for this day for a long time. A full rebrand and new direction for CyberKongz will be announced soon.”

Soneium released an “ecosystem map.” Here’s what it looks like (it’s a lot):