Ryan Carson Leaves Web3
A breakdown of the biggest drama the NFT space has seen in a while
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Today's issue is a massive breakdown of the biggest drama in the NFT space in quite some time.
Here is the breakdown of today's newsletter:
💊 Daily Dose founder Ryan Carson leaves web3 for good
ETH Denver is in full swing (Feb. 24-Mar. 5th) and the events are looking incredible so far. Check it out here.
ICYMI: The winning Dookey Dash key sold for $1.6 million USD the other day. (TD)
NounsDAO an OG NFT collection drooped some epic fashion. (@nounish)
Tough scene: Here’s a clip highlighting some major projects at the top. (@OxMaestro)
Tyler Hobbs Fidenza sold at Christie's auction in London the other day for 442k USD after auction fees.
Rumors are flying Binance used $1.8 Billion in customer funds for its own purposes, eerily similar to what FTX did. (CN)
Ryan Carson Leaves Web3 💊
If there is one thing that web3 is never short of ... it's drama. Ryan Carson, one of the biggest names in the entire NFT/web3 space, has departed and shows no sign of returning.
⏰ Let's Rewind
Before jumping into web3 Carson owned an online coding school known as "Treehouse". It's not our place to have a strong opinion on this but the departure from Treehouse left many employees disgruntled, to say the least. (You can read more about that here)
🦉 Ryan Teams Up With Kevin Rose
After Treehouse, Carson jumps full steam ahead into web3 and teams up with Kevin Rose to launch Moonbirds and Proof Collective. Shortly after mint Carson announces his departure from both projects to focus on his new 121g fund after trying to raise $40 million in investor funds. (Obviously, holders weren't too happy about his swift departure which you can see in the comments under Rose's post here, or you can see the tweet below that sums up the frustration).
📉 121.g Fund Tanks
We will just leave this photo here that sums it up ...
⚡️ To Everyone's Amazment, Flux Fund Is Announced
After the blow-up of 121g, Carson faced criticism for his announcement of Flux, a new Web3 fund. If the tweets hadn't been deleted we would share them here. Carson stated that he intended to raise $10 million through 100 investors and allegedly claimed that 21 spots were already gone. Well, those spots weren't in fact "gone". The official Flux website stated that all investors had to contribute at least $160,000, which would equate to a total of $16 million raised, $6 million more than what Carson claimed to be raising.
😵 Here's where things really started to go wrong...
Members of the community pointed out irregularities in posts and statements, which led to some investors distancing themselves from the fund. Many potential investors came out and said they had not signed anything, given money, or even shown full interest in agreeing to be a part of Flux.
This thread below covers the drama beautifully:
Ryan Carsons new project details his plan to raise $10m through 100 investors.
If you ignore the Partners, there are 21 names listed already. Hence why it seems like 21 spots are already gone from his fund.
One of the issues I have is the maths simply doesn't add up...⤵️
— GeeGazza (@Gee__Gazza)
Feb 4, 2023
💊 Dail Dose Departure
After the collapse of 121g, alleged false advertising of Flux, and the communities outrage ... Carson bows out of web3 on his very popular Daily Dose Twitter space. Shortly after it is announced that the Daily Dose following and community will be handed over to Zeneca and join the ZenDailyShow.
You can see this announcement below:
Hey everyone - I wanted to post this to share some more comprehensive thoughts on the whole DailyDose / ZenDaily news.
I also want to say a few more things, especially regarding the POAPs since I know there are a lot of questions around this 🧵👇
— Zeneca (🔮,🔥) (@Zeneca)
Feb 24, 2023
Chart of the Week 📈
As if you haven't heard enough about Ordinals these past couple of weeks here's a chart to solidify our point (it's a new wave of NFTs that is taking over). This chart will likely explode in the coming weeks with the release of Yuga Lab's Ordinals collection which is coming very soon.
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