Twitter's Crypto Wallet

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gm, today's the day! Kooks by Terry Urban (a project The Drop and Streetlab.io are partners of) is live minting.

🚨 Head on over to the mint site to get your kook HERE! 🚨

►Phase1 - Oct27 / 3PM UTC: Allowlist only ►Phase2 - Oct27 / 5PM UTC: Waiting list ►Phase3 - Oct28 / 3PM UTC: Public sale

• DC is further fleshing out their NFT comics with rarities and grading. (AC)

• Swiss-based bank Seba stands strong in their crypto forward decisions as they launch NFT custodial services. (CT)

• Legendary artist, Boss Logic (Kode Abdo) - best known for his work with Marvel and DC Comics has joined Fragment Studios as Creative Director. Fragment now controls 6 of the 12 BAYC Mega Mutants. (BC)

• Moonpay and Supremacy Games have partnered to release a Stormtrooper NFT collection. (@StormTrooperNFT)

• The Sushi DAO, derived from SushiSwap has collectively approved to split into three separate DAOs, effectively providing more flexibility and dedicated focus for the department. (CT)

• Classic MTV show Pimp my Ride finds its way into the metaverse with help from The Sandbox. Together they will be hosting a VoxEdit contest. (@VoxEdit)

• Okay Bulls announce they’re moving to the new Aptos ecosystem from Solana. Urges holders to look inside the community’s discord as free swaps are available during the first 48 hours. (@Okaybulls)

• Phantom’s official Twitter page is currently been suspended, do not interact with any other account claiming to be Phantom. (@Degeneratenews)

Seba Bank To Store Your NFTs 🏦

When trading NFTs, one of the biggest risks a trader undertakes is the security of their wallet, and the assets it consists of. Most people opt to simply use the Metamask extension, while others choose to store their NFTs on a hard wallet, such as a Ledger. Now, there might be a more secure way to store your digital assets; a place where everyone stores their money: a bank.

Seba Bank, based in Switzerland, announced yesterday that they have launched a regulated custody platform that will provide their customers’ NFTs, all within their own conventional bank account. No private keys are necessary. This will allow Seba to store any Ethereum NFT, and will also allow customers to use their NFTs to forecast their holistic wealth scenario. Being the first regulated bank to offer this type of service, Seba is changing the way that we view NFT storage.

While the total NFT market remains stagnant, and the daily volume continues to dry up, one still should keep in mind that there ARE people that are still present in the market. And some of those people maintain very high-value assets in their possession. Some have PFPs, like Bored Apes and CryptoPunks. Others have fine art, like Chromie Squiggles or Pulsquares. Bear market or not, these assets still have legitimate value, and having the option to store them in a bank provides a sense of security. In a way, it mitigates human error when it comes to losing a digital wallet. And with time, we will see more institutions start to view these assets for their true intrinsic value, while also finding a way to make them more secure. This is still the beginning. WAGMI.

Twitter Building Crypto Wallet 🏗

In the midst of Twitter ownership turning hands, Elon Musk strolling into Twitter headquarters with an entire sink, and allegedly three-fourths of its staff twiddling their thumbs until their impending termination, Twitter is apparently still developing a crypto wallet prototype. This early development comes from the reputable tech blogger Jane Manchun Wong, who has disclosed only sparse details about the wallet's functionality. Thus far, what we know for certain is that the wallet will be capable of deposit and withdrawal. It’s not much at all, but what we also might be able to infer is that its transactional functionality may be geared towards intra-twitter mechanics. Take for example the cryptocurrency tipping features the platform introduced in 2021. After that, we saw the platform offering web3 dApp integration.

Although we are not certain where Twitter is headed with this wallet development, we do know that the previous CEO of Twitter, Jack Dorsey, is working on enabling his decentralized social network Bluesky to have a pair of legs and that protocol is being funded by twitter. Whatever the case may be, the crypto community already relies heavily on Twitter as its public forum. If Twitter restructures itself to conform further to web3 architecture, they’ll certainly have a more than grateful audience to give it steam.

Okay Bears Expand IP Rights 🐻

Okay Bears, after the third exercise of The Bear Drop Campaign, added more perks to its holders in the form of IP rights, and the OKB Community Tool Kit with this statement:"When you hold an Okay Bear, you gain access to an ever-expanding set of IP, not just a single JPEG. We want to empower you to take your Okay Bear from an NFT to a stand-alone personal or commercial brand." That is, When you lawfully acquire an Okay Bears NFT, you own the actual token. You also have rights to use the art, subject to your compliance with these terms.

The Okay Bears holder IP is intended as a fair way for holders to celebrate and express their Bears, but with this comes usage standards. As usual, holders will make use of the art for their Okay Bear NFT in a way that is suitable for all audiences. The full licence is available here for a quick read. The Tool Kit includes the OKB wordmarks, community seal, bear mascot, typefaces, and colors which have all been designed and branded to fit into different backgrounds. This tool kit is an exclusive right for Okay Bear holders to build incredible personal and commercial brands while abiding by Okay Bear's usage standards.

Sponsored Content: Kooks by Terry is a partner of The 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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Gannon Breslin, Kayla Kilbride, CryptoVonDoom, Naveed Lalani, Alex Reed, Naman Patel, Big Tuna

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