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Hadeswap Buys Solana Monkey Business

Uints: Checks 2.0?

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Von Doom & Gannon Breslin
February 14, 2023

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Happy Valentine's Day 🖤

Here is the breakdown of today's newsletter:🐒 Hadeswap buys SMB#️⃣ Uints take their own spin on the Checks meta

  • DigiDaigaku spent 7M$ on a Superbowl commercial that displayed a QR code that simply led to the creators' Twitter. Those fast enough were able to follow a link to mint free NFTs that are now worth around 700$. (CD)

  • Blur is finally allowing users to open their care packages today, and recently got their native token listed on Coinbase. (@blur_io)

  • The Bitcoin version of Cryptopunks is already topping the charts as BTC ordinals become the most talked about Web3 concept so far this year. (CD)

  • A Bored Ape holder decided it was best they burnt their ETH Ape for a BTC ordinal, leaving many confused at the seemingly rash decision. (@Loopifyyy)

  • LandWorks recently integrated an exciting protocol, allowing land renters to earn passive income through virtual billboard ads. (@landworkscyz)

  • Europe's largest modern art museum Centre Pompidou will soon be launching its first exhibition focused on digital collectibles. (DC)

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Hadeswap Buys Solana Monkey Business 🐒

In a move that seemingly came out of the blue, Hadeswap (which is a fully decentralized crypto trading protocol) announced that they had acquired the legendary Solana NFT collection SMB.

New ownership plans to: 

  • Respect the legacy that was created by empowering its winning factors and bridging the gaps in its shortcoming

  • Emphasize the appeal that monkes represent to the broad audience and make it even more accessible and relatable

  • We're discussing together with the MonkeDAO to explore ways to operate and deliver beyond expectations, also allowing access to HadesDAO, proposals, treasury, and grants.

  • Reinforce the branding aspect of SMBs on multiple fronts (twitter, insta..)

  • Introduce mechanics for the future of SMBs, aligned with Hadeswap and $HADES

  • Make sure that each DAo that hase been building the SMB brand gets the recognition and support it deserves

You can read the in-depth press release here.

Uints: Checks 2.0? #️⃣

If you’ve been following the market in the past few weeks, you’ve probably seen endless “burn” projects. These collections start with a large number, then get burned down to a lower supply. This is what we call deflation: the idea that we can lower the count by an action, which in this case means a transfer to the Ethereum burn wallet (0x00…00).

Jack Butcher, the founder of Checks by Visualize Value, was the first to bring back this meta in a big way, which has existed for quite some time. But what the market doesn’t realize about burning is that it opens up a new wave of functionality. You can burn art for more art. You can burn Checks for smaller Checks. And now, you can burn numbers to combine them into a larger number. Uints, by Parker Thompson, aims to do just that.

💡 How do Uints work?- The goal is to combine numbers ranging from 1-50 to add up to a digit as close to 9999- The number 9999 is achievable, but based on the distribution of numbers, there are only 17 possible combinations out of the 39,116 available Uints to get to that number- There will also be a color variant tagged to each number, thus making it completely randomizedAs a result, many blue-chip owners have been sweeping the collection over the past 24 hours, which has accounted for more than 30,000 sales in that period and brought the floor, at the time of writing, to a comfortable 0.025 ETH. Similar to ENS domains, digits have always had significance in Web3, and this is just another example of it.

💡 The DropBurn mechanics can be used in many different ways, and with the open edition meta still being seen in the market, it comes as no surprise that builders are building new things; new projects that create a storyline. In the case of the Uints, the story commences once the burn starts, which will unfold in the coming days (no time revealed yet). Take your time to analyze projects in this space. You’d be surprised at the opportunities that await you, and fun that you can have with a new meta. WAGMI.

Sponsored Content: This newsletter was sponsored by VCX.

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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