Vitalik Calls Out XRP And Others

Sell your worthless NFTs at unsellablenfts.com to lower your taxes!

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Here is the breakdown of today's newsletter:

🔥 Vitalik calls out XRP and others😞 Acess to artists in specific countries is being limited

• National Geographic photographers have produced some of the most stunning photographs of the last decade, and are now delving into the world of NFTs as they team up with Snowcrash. (@SnowcrashNFT)

• It looks like its game over for SBF. Here you can see him handcuffed and escorted.

• Interactive NFT story and game My Neighbor Alice has recently gone live with their alpha season 2, bringing the community together to push the collective narrative. (@MyNeighborAlice)

• Australian Open Tennis Tournament recruits NounsDAO and Vayner Sports Pass to help gear up their own collection for release. (CD)

• Caroline Ellison of Alameda is facing up to 110 years in prison after pleading guilty to 7 charges including fraud. However it looks like the are cooperating with the SEC against SBF/FTX and will likely get much smaller time.

• Check out this list of the absolute best as well as the most expensive NFTs of 2022, maybe one of your favorites was listed. (DC)

• In just the past few weeks alone, The Sandbox metaverse has sold an insane amount of land, equating to nearly $1.66M. Show this to your Web 3 pessimists! (YT)

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Artist Access Limited In Web3 🎨

With Web3, the idea of access is something that should be at the frontlines; something that we ensure is protected. Anyone, and everyone, should have the ability to take part in the different factions of the industry, including NFTs. But some artists are claiming that their access has been cut off, particularly those that reside in the nation of Cuba, one that has been known to control their citizens’ way of income.

Cuban artists, such as García Alarcón, have reported getting delisted from major NFT platforms, including the big dog: OpenSea. We have seen delistings before, but only because of rug pulls or stolen art. While the platforms that delisted these artists haven’t answered why they made the decision to do so, it is certainly something that creators in this space should keep an eye on. Alarcón and other artists in Cuba depend on the art that they sell; their livelihood is their art. Taking away their ability to view it let alone sell it, is a big detriment to their process of being able to make money. Web3 should be for everyone, regardless of what country you are based in.

💡The DropWe look at Web3 as a safe haven for every type of creator and investor. But if “decentralized” platforms like OpenSea conduct business with a “centralized” mindset, all we’re doing is selling pictures on the Internet. We have to make this an open arena for anyone to contribute, including those creators from countries that don’t have the best relations with other nations. We have to be open. WAGMI.

Vitalik Lets Off Some Shots 💥

When it comes to reputation, there are few people in the crypto space as well respected as Vitalik Buterin. With that said, he has some criticisms to get off his chest. Usually quite reserved, he didn't hesitate to talk about other chains when it came to centralization.

💡 Here is the breakdown of what he said:

• Its appeal is its problem… on one hand, a grand appeal about the crypto space is that it isn’t governed, but according to Vitalik, this also makes it susceptible to people entering the space only to creating unsophisticated projects.

• XRP got hit… Vitalik remarked that Ripple and XRP are related entities, and that XRP is completely centralized. Ripple’s CTO responded to Vitalik’s remarks by insinuating that Vitalik doesn’t understand the difference between XRP and Ripple. Nonetheless, there is hard data that shows that XRP is centralized.

• XRP was acting like FTX… part of XRP’s strategy was to cast themselves in a bright light at the expense of other currencies. Vitalik noted that XRP has tried to convince the US government that Ethereum is a Chinese-controlled entity.

💡The DropTruth to power…everybody needs a hero, and for many, Vitalik serves that role. He embodies the values of Web3 by the way that he structures his contributions; the fact that Ethereum is indeed a very decentralized product. While it may make a generally affable and respected figure a bit more polarizing,, speaking truth to power is extremely important.

Sponsored Content: This newsletter was sponsored by Unsellablenfts.

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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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