WeWork founder looking for his next rug pull?

Plus DraftKings CEO, 2 NFT OGs, Uniswap, and Seth Green.

May 25, 2022

MUSHROOM ALPHA

Cheers to hump day. Go for a walk, take a swim, or get some sun. Aside from bringing you crypto news, that is our plan.

Today's Topics:

  • WeWork founder looking for his next rug pull?

  • DraftKings CEO drops some knowledge on Web3

  • Two NFT Collectors go head to head with a 50K budget

  • Uniswap hits $1 Trillion in Total Volume

  • Poor Seth Green got his Bored Aped jacked

  • Quick Takes

WeWork founder looking for his next rug pull?

Looks like Adam Neumann the co-founder of WeWork is backing a new crypto play in climate change called Flowcarbon. The company picked up $70M to create a carbon credits platform. a16z is in as always. Come to think of it, when was the last time they were not in a crypto round? Moving on.

The company aims to tokenize carbon credits via a marketplace. Buyers aka evil polluting corporations can sleep better at night purchasing the credits from the platform. Think eBay for carbon credits.

The ridiculously named Goddess Nature Token (GNT) will be built on the Celo blockchain and backed by carbon credits. Use cases include tokens being burned as an offset, sold, DeFi, or cashed in for real credit.

Still time to get in on the private sale if you are thirsty. Given what happened with WeWork we are gonna sit on the sidelines for this one.

DraftKings CEO drops some knowledge on Web3

Jason Robins, the CEO of DraftKings, a betting and fantasy site we spend too much time on is also an avid fan of crypto. On a recent podcast he dropped some wisdom:

1/ We are in the early stages similar to the early internet. Scams were normal and shit was hard to use.

2/ Centralization might make things easier to use in crypto even though this is against the crypto ethos.

3/ DraftKings is exploring crypto payments. We can't wait.

Two NFT Collectors go head to head with a 50K budget

Gmoney and Jon Itzler, two well known NFT collectors, go up against each other to see who can construct an NFT portfolio that can stand the test of time with a $50K budget.

Most of the projects mentioned are on OpenSea.io.

Notable ones we liked are: Quantum Key, Nouns, and Forgotten Runes Wizards Cult (cut

Uniswap hits $1 Trillion in Total Volume

Poor Seth Green got his Bored Aped jacked

The problem is it was supposed to be the star in his new show. Will someone get this man another ape?

Quick Takes

Brave is adding Solana support and Ramp integration into wallet. Users can bypass exchanges and buy crypto from the Brave Wallet.

Central African Republic announced ‘Project Sango’. - Taking a page out of El Salvador’s playbook they will build a crypto island and launch a digital wallet.

Metacademy.xyz launches Earn-to-Learn for Biz Execs. - Given execs are pretty baller, how will this play out?

Funding News:

Project Liberty backed by $100M aims to disrupt social media. - Team will use the Polkadon blockchain network.

Bud, not the beer company, raises $37M to build a gaming platform. Look out for a NFT marketplace in the future.

Fidelity’ BTC index fund passes $125M in total investments - This comes after the company announced plans for a bitcoin 401K.

Common gets $20M to make a DAO management platform. - They will of course also launch a token.

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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.