Jack is back with Bluesky 💙
Jack Dorsey's decentralised Twitter hits the app store. Crypto's PR problem. Largest NFT dump ever. $650 Million tokens to unlock in March. Will GTA6 allow NFTs? Forget Picasso, try our Bicasso.
Hello y'all. This is The Token Dispatch, and we want to join Chief Ganjaroo Officer's team. That's our only wish, and we are super chuffed bout it 😶🌫️.
Hello Jack, what have you got? A new ship ready for sail, call it BLUESKY. Works. Done.
What is it about?
The platform aims to provide a decentralised social network protocol, and the user data is free from influence by any government or corporation. You can also access their code, right here. By the way, that's not the only thing our man is toying with. There is Nostr - a decentralised social network with a chance of working. What a champ. We love Jack. Gotta love Jack ❤️
What do we know?
It was originally incubated within Twitter starting in 2019 when Jack Dorsey served as CEO.
The app is invite only, and it's in beta. Only for iOS, and not for Android.
What about the features (and the similarities with Twitter?)
Allows users to create 265 characters post (< Twitter’s 280).
It uses "What's up?” instead of Twitter’s “What’s happening?"
Users can share, mute and block accounts.
Feed also has likes, comments and reposts.
Meanwhile, good ol' Twitter is dealing with its own issues. Their crypto ambitions are up in the air, and guess what - Twitter went down the same day Jack unleashed BlueSky to the world. Just a coincidence. Nothing major 🙊.
Can Crypto save the Capitalist Narrative?
Right. IMF has still not taken the ban off the table. Still, Animoca Chairman Yat Siu thinks it's a PR problem that America and Europe grapples with. Asia is cool, it don't court controversy around capitalism. Okay, wait a SEC. What do we do with Gary and Co. Haven't been reading The Token Dispatch, eh? After chasing Brian, Sam and you name it, they've realised they need more fire power. So what do they do? They are looking to increase their crypto squad.
That's not stopping the Crypto brigade. The layoffs have cooled down. Goldman Sachs is still open to crypto hires amid a massive 3,200 staff cut. Visa is committed to crypto, don't believe them rumours. Their crypto head, Cuy Sheffield ain't taking no punches. Money is evolving, yes ser.
TTD Think About It 🧠
Can you collect, trade, and sell NFTs in GTA 6? 😮 You might. Rumour has it that Rockstar Games is integrating NFTs in its upcoming title, GTA6. But wasn't it them who banned NFTs and cryptos on their fan servers? Change is the only constant. Time is a great healer. Let's race 🏎️.
1010 NFTs. 48 hours. Washed. Dumped. 🙈
Jeffrey Hwang aka Machi Big Brother sold 1,010 non-fungible tokens (NFTs) in just 48 hours, marking the "largest NFT dump ever". The sale generated over $2 million in revenue on Open Sea. What for? "Big wash trade" ... “Naked market manipulation” … Andrew thinks, it's a play to reap extra BLUR token rewards. Blur has been in news. For all kinds of reasons. . Wonder where this story is headed. It's a Blur, at the moment.
TTD Number Picker 🔢
Token unlocks scheduled for March 2023. Eighteen projects. $650 Million. That's the data. Euler (EUL), STEPN (GMT), Hedera (HBAR), Acala (ACA), 1inch (1INCH), Galxe (GAL), Nym (NYM), Cash (TORN), Moonbeam (GLMR), Aptos (APT), Sweat Economy(SWEAT), dYdX (DYDX), BitDAO (BIT), ApeCoin (APE), Stargate Finance (STG), LooksRare (LOOKS), Immutable X (IMX), Yield Guild Games (YGG) … what a line-up. Where is my 💰
wallet suitcase 🧳?
TTD NFT Buzz 📯
Chief Ganjaroo Officer. What's that? Snoop Dogg's latest Web 3 expedition, and it's to do with crypto gambling 🙏
Nouns DAO has got a fashion collection. Fashion designer Danit Peleg showcased the 3D-printed apparel collection at NFT Paris. Whatever happens in Paris, don't stay in Paris ✈️
Republic National Distributing Company and Women of the Vine & Spirits Foundation has launched an NFT collection - “Powered by Women” - for supporting emerging female leaders in Alcohol and Beverage Industry 🍻
TTD Give it a Try 🤌
That's right. B.I.C.A.S.S.O. That's what Binance's new AI-Powered NFT Generator is called. Binance marketplace users can mint them as NFTs. What a creative genius, whoever came up with the game 🤦. Who cares, the boss likes it. CZ tweeted - You can turn your creative visions into NFTs with AI. Give it a try and show me what you make with it. Yes, Boss. On it. What about DALL-E and Midjourney?
Voyager users vote for Binance US Takeover. Over 97% of Voyager users voted for the Binance US deal, despite US regulators raising concerns.
The Reserver Bank of Australia announces CBDC Pilot for the eAUD, to explore use cases with the private sector.
Puerto Rico extends 4% tax incentive for crypto and blockchain, staking and exporting crypto services qualify for the tax rate.
New crypto companies to face stricter regulations in France, but existing players will have more time to comply.
Daleep Singh, Ex-Biden advisor for international economics, believes implementing a U.S CBDC “would crowd out the ecosystem of crypto.”
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So long. OKAY? ✋
The Token Dispatch is a daily newsletter that takes you on a 4-5 minute drive through the wild west of the Crypto World. Daily in your email inbox @13:00 GMT. Almost always.