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Real Estate On The Blockchain

BAYC + $APE + Coinbase = 3 Part Movie

April 12, 2022

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What's Dropping ⚡️

  • Coinbase drops a huge announcement yesterday morning regarding its partnership with BAYC. "The Degen Trilogy" will be an interactive three-part film featuring several NFTs from BAYC. The club is currently taking story applications for those who may want to have their ape featured.

  • Just over a year ago, Sina Estavi purchased Twitter Founder Jack Dorsey's first tweet that was made into an NFT. Now he wants to sell it for 14,969 ETH (about $48.3 million). Good luck with that pal. (Fortune)

  • Los Muertos world is celebrating individuality with their Muertos. After an incredibly successful launch and reveal, the project and devs are experiencing a wonderful progression with their adorable art and promising roadmap (and a massive $1.1m USD NFTWorlds purchase). We hope to see more projects celebrating different heritages and backgrounds in the future.

  • Successful 3D toy NFTs Antonymn are going to start rolling out physical designer toys for their collection. They hope to entirely redefine the loose term "phygital assets" with these unique pieces.

  • Epic Games announced a $2b USD funding round with investments from Sony and KIRKBI (parent company to LEGO) to help fund the future of Epic’s multiple Metaverse plays. Their first focus will center around the LEGO brand. This has been a long-time coming, as in-game worlds such as Fortnite and Roblox have become increasingly popular with the younger generations in recent years. The companies feel they have a responsibility to make these digital worlds "safe, inspiring, and beneficial for all". We hope to hear more information soon.

  • Clear your calendars for 4/21! MyBFF is releasing a PFP collection for their bracelet holders. The bracelets were a free mint, and the floor is now sitting comfortably above 1ETH.

  • Coachella is releasing a series of NFTs this week beginning today, minting on FTX! Each NFT comes with a unique utility from dedicated entry line access, on-site meetup only for NFT holders, music airdrops, early access to upcoming collections, merchandise drops and collabs, and more freebies during events!

Propy Puts Real Estate On The Blockchain 🏡

In today’s world, home prices have been skyrocketing, thus creating new opportunities for sellers to rake in big profits. But with homes, the exposure received from a listing is contingent on an individual making the effort to visit the city in which the home presides. But a company has conjured up a new way to draw in more interested parties, while also making the transfer of a property seamless on the blockchain.

Propy, “a company supported by Silicon Valley leaders and the National Association of Realtors, is revolutionizing the real estate industry by deploying a novel technology.” They are accomplishing this feat by employing a variety of tactics, one of which includes NFTs. Their first NFT home sale was recorded in February of this year, and due to their success, they have decided to go move forward with Round 2. In this sale, the condo being auctioned is in the bustling Hyde Park neighborhood of Tampa, FL. The starting price of the property is 185,000 USDC.

With NFTs, the possibilities are endless. And one of the biggest opportunities comes in the form of ownership. On a medium such as Twitter, you may be able to get away with “owning” an NFT that is not yours, but on the blockchain, there is nowhere to hide. Propy, authenticated ownership by putting the property under an LLC, the LLC is then minted on the blockchain and sold, thus allowing for the asset transfer to be done instantly. This is the world that we will live in. You’ll be able to buy an NFT in the form of a home. Think about the possibilities. WAGMI.

 BAYC X $APE X COINBASE = 📽️

Coming soon to a computer screen near you is the first high production Web3 film the space has ever witnessed. BAYC & Coinbase have announced they are collaborating in order to release three short films titled, The Degen Trilogy, starring none other than the iconic Bored Ape characters. This news arrives in between the launch of the much acclaimed ApeCoin, and the much anticipated BAYC land drop. If you haven’t already caught a glimpse of the kind of animation you can expect fromThe Degen Trilogy, check out the short that Yuga Labs dropped last month.

In order to connect to The Degen Trilogy website, a user needs to have a Coinbase wallet. This requirement is generating speculation that the BAYC land sale will be connected to Coinbase’s interface. Additional speculation points to $APE as the exclusive currency required for purchasing BAYC land. Hats off to the BAYC team for concurrently executing the land drop in parallel with the one-year anniversary of BAYC’s mint. Their meticulous execution and planning is also evident in the way they sequenced $APE’s drop, followed by the surprise news about this trilogy, and finally the land drop. The latter half of April will be a historic moment in the Web3 timeline as well as a confusing one. Taxes are due on the 18th, meanwhile, everybody is seeking new liquidity to have a stake in the BAYC ecosystem. From there, we have Gary Vee’s new drop, as well as Kevin Rose’s Moonbirds. Godspeed to all degens in these fecund times. 

Meme Drop 💧

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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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