Thugbirdz Are Community First

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gm, it's Friday

Here's what to expect from today's newsletter:🎮 Legendary game maker Square Enix announces their first web3 game🐦 Thugbirdz is now in the hands of the community🏦 UK bank crypto regulations tighten

• A fresh wallet loaded $735,000 and purchased a dozen BAYCs and MAYCs yesterday out of the blue (@CirrusNFT)

• Yuga Labs announced that Meebits launched a new activation website and are providing holders with free 1-of-1 prints. (Yuga)

• Ralph Polo and Fortnite team up to come out with the historic clothing line's first 'phygitial' collection with in-game and IRL accessories.(EG)

• yOOtsNFT revealed and everyone on twitter is posting their y00ts! (@y00tsnft)

• Metamask continues making moves, teaming up with HyperPlay Gaming to bring their wallet services to desktop gaming platforms like the Epic Games Store. (@MetaMask)

• JP Morgan Bank makes its first-ever Defi trade on the blockchain. (CT)

• Dapper Labs, unfortunately, lays off 22% of its workforce as sales slow on the NBA Top Shop platform.

• The Pours NFT is set to launch today for Solana Breakpoint ticket holders. NFTs will be obtainable to Solana Breakpoint attendees only.(@ThePoursNFT)

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Web3 Gaming: Symbiogenesis 🎮

For quite some time now, we’ve been eying down the notion of Web3 gaming. While still in its infancy, it’s regarded as one of the biggest factions of the industry with one of the biggest growth potentials. Gaming has transformed into a transactional ecosystem in recent times, so it seems fit to be integrated with Web3.

From the makers of Final Fantasy and Tomb Raider, Square Enix has unveiled its first Web3 game: Symbiogenesis. The game revolves around NFT artwork that revolves around a narrative and storyline that Square Enix is creating. Proposed to launch in the spring of 2023, this game will allow players to complete missions that incorporate the idea of monopolization of distribution of resources. And while details still remain bleak, rest assured that Square Enix will deliver, just as they have done so in the past.

Back in 2019, Square Enix President, Yosuke Matsuda, said that blockchain tech will take gaming to the next level. Along with that, the company also led a fundraising round for Sandbox. With already successful franchises, the company plans to integrate Web3 into its gaming ecosystem, thus ushering in a new generation of gaming. Web3 gaming will need more work to get to the point that we want it to, but announcements like this get us giddy when thinking about the future. Real gaming studios and organizations see the benefit of blockchain technology. WAGMI.

🐦 Thugbirdz Update

ThugDAO yesterday announced that Thugbirdz is now completely in the hands of the community after the founder birdmOn and the Caw Studio team transferred the IP and control of the project at no cost to the community. Now, ThugDAO and Thugbirdz are now one with full control and ownership handed over to the council and flock of birdz.

Thugbirdz is one of the OG projects that has helped drive leads and attention to the Solana NFT scene. Minted in August/September 2021, the project has had well-known artists like Wiz Khalifa, Metro Boomin, and Waka Flocka repping for them in their prime.

The DAO which was founded shortly after the project's launch was founded to council and direct the affairs of the project and also to put Thugbirdz as one of Solana's prime examples of DAO communities. And now at the helm of the project's day-to-day operations, the founder believes the DAO will bring back the good old vibes which have been long felt within the community. After stepping down from his founding position, birdmOn is now a community member. The community is set to meet up at the Solana conference in Lisbon to discuss the future of the project.

UK Bank Crypto Restrictions Tighten 🏦

Although we’ve been cushioned with enough news expressing broader support for crypto, Santander’s UK arm has imposed restrictions on how much their clients can deposit to crypto exchanges. The restrictions will limit customers to depositing $3000 a month and $1000 per transaction. If this wasn’t enough they’ve also claimed that this is just the beginning and that they plan to impose even more stringent restrictions. Santander’s rationale for this move is that they don’t have protections in place to resolve potential crypto fraud.

The immediate public reaction to this measure has been filled with frustration and disbelief. Most people have not encountered rules of use from their banks. Rather, customers are used to banks servicing their needs and calling the shots about their money. This is a wake-up call to many that not only are banks institutions with specific interests but that by giving your money to banks you are compromising the ownership you have to your money.

Sponsored Content: This newsletter was sponsored by Morning Brew.

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

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