- Mushroom Alpha
- Posts
- BAYC Drops a Demo
BAYC Drops a Demo
Plus BlockFi needs you to leave and 3AC thread reads like an adventure.
MUSHROOM ALPHA
GM. We went to a museum for modern art and realized how modern artists are copying NFT styling. Or are NFT artists copying modern art? Let's jump in!
Today's Topics:
Bored Apes show off Otherside
BlockFi really wants you to leave
1000 pages on 3AC in one thread
Quick Links
Bored Apes show off Otherside
Over the weekend the Bored Ape Yacht Club team showed off actual game play with 4300+ users. Can't say we are super impressed but things are still early.Quick Recap:- The 4,300 players who participated owned "Otherdeeds" NFT land plots sold months ago.- Only Otherdeed owners and some 3rd party devs will be part of the 1st phase.- The word "community" was mentioned a bunch of times of course.
Litepaper HERE if you want a deeper read.
BR3AKING: @OthersideMeta holders have tested a trip to the Otherside with 4300+ users.
— The Metaverse (@themetav3rse)
4:43 PM • Jul 16, 2022
BlockFi really wants you to leave
BlockFi laid off 20% of its staff in June but it now seems like that was not enough. Now they are offering their employees buyouts to avoid more waves of layoffs.
So what will they offer in their "voluntary separation program"?
10 weeks paid leave - not bad but not quite 3 months.
10 weeks of additional health insurance - once again not even 3 months.
Employees can still get unemployment afterwards.
Should anyone take this?
Our first thought is No, it is not enough. However if you are already in the midst of landing a new job or need a break from work it is not a bad deal. Lastly if you were gonna retire anyways why not. But given how ageist tech is we really doubt they hired a lot of people over 60 to work in crypto.
1000 pages on 3AC down to a Twitter Thread
This is the most comprehensive thread we have found on the Three Arrows Capital bankruptcy filing. It reads like an adventure novel. Enjoy.
Three Arrows Capital was one of the biggest crypto hedge funds, at one point managing over $10 billion in capital—
Until the founders dropped off the map.
A 1000-page legal document came out today, bringing clarity to the case.
I went through it. This is what I found:
— Jack Niewold 🫡 (@JackNiewold)
10:03 PM • Jul 18, 2022
Quick Headlines
Celsius Bankruptcy - Day 1 of Hearings.
Senator Warren wants Congress to act up - The town crier is at it again.
Russian activists using crypto donations to help Ukraine refugees - They want to avoid doing through regular payment rails.
Launches:
Lido is launching liquid staking on ETH Layer 2 - This will allow bridging and staking of wstETH which stands for wrapped staked ETH.
Snapshot launching DAO voting feature - This will allow the votes to be encrypted.
Hacks:
More than 300 NFTs and 400K in ETH lifted - Fake pop-up tricked users into entering wallet info.
Where can I buy this shirt?
— Arthur Hayes (@CryptoHayes)
8:11 PM • Jul 18, 2022
Hit Reply to let us know how we are doing! We would love to hear from you.
Was this email forwarded to you? Sign up here.
Disclosure: We are a newsletter for information only. We are not financial advisors nor do we claim to be. Consult your legal, investment or tax advisor. Crypto is risky. Do you own research.