the first trip to the otherside
we’re still here and we’re still building! *cries into my bowl of instant ramen*
I asked in yesterday’s newsletter…what do we have to look forward to in the NFT space right now?
in a bear market, it’s easy to get down and depressed, but there’s actually quite a lot still going on - nothing bigger in fact than the Otherside…Yuga Labs’ play into the “metaverse”.
contrary to popular belief, Yuga’s land sale was NOT a rug /s. and yesterday, they teased some of the gameplay and general narrative in a tweet.
as someone who knows next to nothing about video games (other than a recovering addiction to World of Warcraft), it looks fun. you’ll be able to play as your NFT and help “reassemble the Obelisk together”.
what it sounds like to me is that Yuga Labs (with help from their gaming partner Animoca) are building a MMORPG similar to the aforementioned World of Warcraft. their teaser implies there will be quests (like the Obelisk reassembly) and a lot of walking around different “worlds” and areas.
(also, is anyone getting LOST vibes from the video, or is it just me? I can’t wait until your NFT can be killed by the smoke monster! or a random polar bear!)
considering that without World of Warcraft, we may not have Ethereum (see Vitalek’s origin story), it’s only fitting that we now may have a *new* World of Warcraft from Ethereum’s most successful NFT use case - Bored Apes.
this isn’t a crypto newsletter, but it was hard not to watch the charts last night as ETH dipped below $2K for the first time since July of last year.
that’s because NFT sentiment is largely tied to ETH’s price. and it’s hard to keep momentum going when people (project creators and investors alike) are getting “paid” less.
we’ve been encouraged by the community at large to see “1 ETH = 1 ETH”, but when it dips, it’s like getting a demotion at work and your employer asking you to keep working hard. no thank you.
luckily for us NFT collectors, at least (whether price is up or price is down) we still have our JPGs. though admittedly they do start to look less shiny when ETH is dipping.
this is a war of attrition and as people lose their shirts, they are going to take their ball and go home (to mix metaphors). some wallets we will never see activity from again. that’s sad, but it’s also OK. it’s natural and how markets work at the end of the day.
we’re just gotta keep banging the drum for NFTs. dang, I’m all over the place with my metaphors today. I’m sorry…it’s because I am now broke that I can no longer think straight or write well.
Madonna has completed the celebrity NFT lifecycle by 1) buying an NFT with help from Moonpay 2) tweeting about it 3) launching their own cash-grab collection with help from a famous name in crypto (in this case Beeple).
in more ‘you hate to see it’ news…
hey, but Doodles “duplicator” will be dropping today. is it like the Mutant Serum but with Doodles? or will doodles be “cloned” like the Gutter Cat Gang? I suppose if a strategy isn’t broke than don’t fix it!