ROLLUP: Grayscale Beats SEC | NFTs Are Securities? | X/Twitter Crypto Payments | Western Union Onchain | NFL NFTs on IOs & Android | #236
Sep 1, 2023
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Guest Sam Spratt discusses Grayscale's win against the SEC, the classification of NFTs as securities, Twitter's new license for crypto payments, Western Union adopting Ripple's blockchain, NFL launching NFTs on iOS and Android, and various other topics including Zeneca PFP and the Doodles x Crocs partnership.
Grayscale wins lawsuit against SEC, setting a precedent for the SEC's stance on NFTs
X/Twitter obtains license for crypto payments, showcasing the growing adoption of cryptocurrencies in mainstream platforms
Zen Academy's Denny Zens PFP collection strengthens community building and identity within the NFT project
Deep dives
Launch of NFL Rivals Game and NFTs
NFL Rivals, a mobile game developed by Mythical Games, has officially launched out of beta and is now available on iOS and Android. The game allows players to purchase NFTs in the app and has already generated over $1 million in trading volume. With over 2 million downloads and players spending an average of two hours per day gaming, it has attracted a large user base, including non-crypto NFL fans.
Settlement of SEC Case Against Impact Theory's NFT Project
Impact Theory, the NFT project founded by Tom Bilyeu, has settled its case with the SEC. The project raised over $30 million through the sale of its NFT collection, called the Founders Key. The SEC claimed that the NFTs were securities, and while Impact Theory did not admit fault, they agreed to pay a $6.1 million fine, return funds to investors, and destroy all remaining NFTs. This settlement sets a precedent for the SEC's stance on NFTs and could lead to further scrutiny of NFT projects in the future.
Launch of Zen Academy's PFP Collection
Zen Academy, a popular community-focused NFT project, has launched its PFP collection called Denny Zens. Unlike traditional PFP projects, Zen Academy prioritizes community building and used the NFT as a means to connect its members across social media platforms. By providing a unique NFT to its community, Zen Academy has created a dedicated group of supporters who can easily identify and interact with each other. The launch of the Denny Zens PFP marks an exciting development for the community and strengthens its sense of belonging and identity.
Mercedes collaborates with Doodles to launch limited edition Crocs
Mercedes and Doodles have partnered to release a limited edition collection of Crocs shoes. The shoes feature the iconic Mercedes colors and come with customizable Doodles characters. The collection was made available to Doodles holders first, offering them discounted access. The collaboration highlights the intersection of established brands with the NFT space and showcases the value of giving utility and benefits to community members.
Base Protocol's bridge to Ethereum attracts 100,000 ETH in less than a month
Base Protocol's bridge to Ethereum, which launched on August 9th, has attracted over 100,000 ETH, approximately $175 million, in less than a month. This demonstrates strong interest and adoption of the layer 2 blockchain solution. Coinbase, the platform behind Base, has also made over $3 million in profit from Base's launch. The success of this protocol showcases the potential of layer 2 solutions in enabling faster and more cost-effective transactions on Ethereum.
Grayscale wins lawsuit against SEC, NFTs Are Securities, X/Twitter obtains a license for crypto payments & trading in the US, Western Union Adopts Ripple’s Blockchain, PlayNFLRivals launches in-app card purchases via iOS and Android, Doodles x Crocs, Mercedes 2nd Collection, Sam Spratt’s 'The Monument Game', Zeneca PFP & more!
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