Lebron James' NFTs Have Entered The Chat

Welcome to The Drop NFT Newsletter. Subscribe and join the discord for breaking NFT news, project breakdowns, & artist spotlights.

🚨 This newsletter is sponsored by FTX 🚨

FTX US is a regulated crypto exchange that hosts some of the highest amounts of trading volume and daily active users in the industry. 

On top of this, FTX US offers desktop and mobile trading of Ethereum + Solana NFTs with NO GAS FEES! Start your FTX journey today by getting set up here 🔥 

What's Dropping ⚡

• MetaGuardians just announced their epic game trailer that includes P2E functions (by plants vs zombies developers), sidekicks free claim to holders, and much more. Well worth the watch: here.

• Ukraine DAO generates over $10 million in cryptocurrency and NFT donations. A number of valuable tokens, including CryptoPunk #5364, have been airdropped to a donation wallet.

• Defunct file sharing service Limewire may be returning as NFT marketplace after being purchased by new owners. There’s currently an open waitlist for users and creators.

• Ozzy Osbourne’s Cryptobatz just gained the ability to bite fellow powerhouse project CyberKongz. This mechanic generates a new NFT by utilizing traits from both collections. Check it out here.

• Happy BYOPill claim day for the BYOCrafts. An excellent run though on all things BYOCraft can be found here.

Rainbow Rolls Covers Medical Bills 🏥

Joshua Lapidus, a developer from Dallas, decided to release an NFT project called Rainbow Rolls, a collection of 1,000 toilet paper rolls focused on charity (partially as a joke). As thoughtless and uninteresting as Joshua thought the idea for the toilet paper rolls was, the project ended up doing very well.

According to RIP Medical Debt on Twitter, the ~19.4 ETH that was raised from the Rainbow Rolls mint turned into approximately $7.3 million in medical debt relief for over 5,000 people in 16 states. Even if this collection was created as a joke and to possibly poke fun at the expense of the NFT space, it goes to show the power of a community and the efficiency of how funds can be raised. If you come into this space with something exclusive (such as a 1,000 NFT collection), more often than not, the collection will sell out, or in this case, almost sell-out. This allows the project’s team to do what they want with the funds collected, either build a utility for their holders, or complete segments on their roadmap, as seen with the Rolls. The power of Web3 and NFTs is in the community that you garner. Rainbow Rolls have done just that, while also using NFTs to benefit people in Web2. WAGMI.

King James Files NFT Trademarks 👀

The ball is bouncing into the metaverse; Lebron James has just filed for virtual basketball courts and all of the digital NBA collectibles you can imagine. And he’s not the only NBA associate looking to extend basketball’s legacy into the metaverse. 

The Atlanta Hawks introduced the Harry the Hawk NFT collection earlier this week and those NFTs will be going on sale starting next Monday, March 14th. Both Lebron and the Hawks are dipping their toes into Web3 amid a larger acceptance of the space by traditional IRL institutions. For example, President Biden’s executive order on cryptocurrencies functioned as a signal for people at large to take the crypto ecosystem as something serious and legitimate. Although traditional institutions are offering NFTs they may not necessarily be embracing the core utility of NFTs. In other words, it's not as though a Harry the Hawk NFT will give you fractional ownership of the team or any of their assets. Instead, the NFT operates as a super fan club access pass. It is exciting to see legacy institutions get on board with the crypto ecosystem, and it will be more exciting to see them adopt it and also decentralize their legacy possessions. 

Twitter Spaces 🎙

Yesterday we had an amazing twitter space with Beehiiv, Wolf Financial, and Catblox Studios. We covered the NFT space as a whole, how The Drop was born, and advice for those looking to create their own newsletter. If you want to listen to the recording you can check it out below. 

Today we have a space with our presenting sponsor FTX where we will be covering many NFT topics and projects!To set a reminder for the space that is at 9 PM EST click on the link below 😊 

https://twitter.com/i/spaces/1rmxPgrgyVZJN?s=20

Meme Drop 💧

FTX US NFT Marketplace 🔥

The Drop is ecstatic that we are now a partner with FTX, one of the biggest crypto exchanges in the world. Even more epic is how incredibly fast the team at FTX was able to create the ultimate NFT marketplace.

On the FTX desktop, you can buy and sell NFTs with gas-free NFT trading and keep everything in one spot with all things crypto. Buy your crypto and get busy trading right away with no hassle. To have your crypto and NFT trading all under one seamless platform click here.

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.

Follow the Team:

Gannon Breslin, Kayla Kilbride, CryptoVonDoom, Naveed Lalani, Alex Reed, Naman Patel

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