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Crypto faces an existential crisis

Crypto faces an existential crisis

SEC targets Coinbase for enforcement action

The Metadata
March 24, 2023

GM. Crypto is facing an existential crisis. Yesterday, Coinbase shared that it received a Well's Notice, signalling that the SEC may be taking enforcement action against them. This is shocking because Coinbase is a publicly listed company in the US, and it received the SEC's green light for its business during its IPO in 2021.

1/ Today Coinbase received a Wells notice from the SEC focused on staking and asset listings. A Wells notice typically precedes an enforcement action.
— Brian Armstrong (@brian_armstrong)
9:29 PM • Mar 22, 2023

We think this is short-sighted of the regulators but indicative of an agenda against crypto. At times like these, we need to band together.

Today's issue is going to be slightly different. The Metadata team is going on a break next week to recharge. We'll be back on April 3 — and will continue to bring you the best NFT, art, and gaming content in your inbox before anyone else.

Meanwhile, here are some of our favorite readings from this week to keep you company while we're away:

☘️ On Trading NFTs

Trading NFTs

20 March 2023 - Post 1

https://sebunderground.substack.com/p/trading-nfts

☘️ State of the NFT markets today

03.20.2023 NFT Market Update — AnonLabs

TL;DR State of the Market: Bear market continues, expect mixed results w/w in short to mid-term. Active Traders Persist: Increased volume and transactions among remaining participants. Market concentration amongst key players. Awaiting Market Recovery: Uncertainty in the g

https://www.anonlabs.club/publications/nft-market-update-03202023

☘️ The Future of Blur

Blur: Efficiency in the NFT Market

Blur’s seed round raised a total of $11 million with participation from notable figures in the NFT and crypto space such as Punk 6529, Cozomo de’ Medici, and Zeneca.

https://ancient8.gg/research/en/articles/blur-efficiency-in-the-nft-market

☘️ How Blur used its airdrop to become the market leader. A great case study for founders

The Blur blitzkrieg

Or, how to turn the tables on the largest NFT marketplace

https://blog.spindl.xyz/p/the-blur-blitzkrieg

🐥 Why community wars are detrimental to the space

Community wars:
Why the Web3 space will go to zero if we don't do something about it 🧵👇
(1/21)
— wale.swoosh 🐳 (@waleswoosh)
12:17 PM • Mar 20, 2023

🐥 Compressed NFTs launch

A new era for NFTs starts today 🥷
Announcing Compression APIs in partnership with @solana@metaplex@heliuslabs
Start minting NFTs in minutes, at a fraction of the cost
Launching today in beta. Giving out a few exclusive API codes to start building for free 🧵
— Crossmint (@crossmint)
4:52 PM • Mar 17, 2023

🐥 Summary of MapleStory's GDC session

1/ For those who are wondering what we talked about at our GDC session, we've summarized the highlights for you!
A (long) thread🧵:
— MapleStory Universe (@MaplestoryU)
6:28 AM • Mar 24, 2023

🐥 How to become an Idea machine

How to become an idea machine:
1. Start by reading widely: consume a variety of content from different sources (pods, tweets) to expose yourself to new ideas and ways of thinking
2. Schedule time for idea generation: set aside a specific time each day or week to focus solely on… twitter.com/i/web/status/1…
— GREG ISENBERG (@gregisenberg)
10:07 PM • Mar 23, 2023

That's it for today, folks, see you in a week! If you want more, follow us on Twitter (@the_metadata). If you found this newsletter helpful, imagine how much your friends will love you if you forwarded it to them. Just sayin' 🥹

We're looking to improve the newsletter and make it as relevant as possible for you. If you have any feedback to share — please just reply to this email and let us know. Or even to just say 'Hi'.

Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.