Daily Recap
Wednesday, June 23rd, 2021
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In-Person Event - Thurs, June 24th in Venice Beach
Today, June 24th, Artblocks CCO Jeff Davis is launching an NFT collection titled Portals.
Artblocks is currently the premiere platform for generative art in the NFT space. Jeff Davis’s collection will launch on OpenSea as NFTs, and their physical counterparts will be auctioned off in-person at Bright Moments Gallery at 7:00 p.m. The buyers will receive both the NFT and the physical piece.
Bright Moments is an NFT gallery in Venice Beach that aims to become a DAO (decentralized autonomous organization). If you want to attend the event, you can RSVP here. Maybe I’ll see you there there 😎
Renowned crypto VC firm forms new fund backed by PayPal and Visa
Blockchain Capital is a Venture Capital firm that has invested in some of the biggest companies in crypto - namely Coinbase, Kraken, Arweave, and Ledger.
The firm just announced a new $300 million fund that will continue to invest in the crypto space. Both PayPal and Visa were named as backers of the fund.
El Salvador follow-up…the good and the bad
The good:
The bad:
Just because President Bukele is pushing for Bitcoin adoption doesn’t necessarily mean it’s going to happen. Some political parties in El Salvador are heavily pushing back on his Bitcoin law, stating that it could be unconstitutional and harmful to the country.
Fixed-income as the next big opportunity in DeFi
Logically it makes sense. Today’s DeFi users are not a risk-averse crowd. As lab rats, we take on high levels of risk to reap asymmetrical rewards. Fixed-rate bonds and risk-tranching protocols are not appealing to us (yet) because we are spoiled by high yields and exceptional returns.
Institutions however, who have obligations to their shareholders, cannot take on this same level of risk. As they begin to enter the space, it’s more likely that they’ll seek out safer returns. As Jason Choi explains in the thread below, the fixed-income market in DeFi is largely untapped; though there are some significant players that are beginning to gear up for prime time.
Chainlink gears up for institutional adoption & infrastructural partnership with SWIFT
0xmons: an introduction
0xmons is an under-the-radar NFT project, but one of my favorites. Owen, the founder, wrote a thread breaking it down today that I wanted to share.
It’s a smaller project with a loyal community. Currently the lowest-priced 0xmon is 3.5 ETH. No new 0xmons will ever be generated, so the only place to buy them is via the resale market.
Owen is one of the brightest developers in the space and has built other NFT-related protocols including Sudoswap, which allows users to swap NFTs (first platform to enable swaps of this kind). Click on the thread below to learn more about 0xmons and what Owen is building.
That’s all for today.
Onward,
Josh