Is Dew the Blur of Polygon?

More importantly: There will be a token airdrop

Author

The Metadata
April 03, 2023

GM. Guess who's back in town? That's right, we've had a fabulous week off, and now we're all energized and raring to dive into the action like never before!

We'll be rolling out more educational content in the coming weeks. We know the NFT universe can feel like a wild jungle out there, but don't you worry. We're here to be your trusty tour guides, helping you level up your smarts and skills so that you'll be ready when the next bull market comes along. 🚀🎉

Today we cover:

  • Nakamigos is the latest meme collection to go parabolic

  • Is Dew going to be the Blur of Polygon? A pro-trader marketplace

  • Gucci inks a multi-year partnership with this NFT project

  • New Projects Corner

Market Update: Nakamigos

Nakamigos. That's it. That's the tweet.

With 10,000+ ETH in volume in the past week, it's pretty much the only NFT collection that's been going up only. No one really knows why, but people are talking about it.

It's a pixellated PFP collection created by an anonymous digital artist. It claims to be "20,000 unique crypto investors coming to the blockchain". We wouldn't recommend buying in at these prices, since many people bought in much cheaper. But fun to watch nonetheless.

Is Dew the Blur of Polygon?

💲 What to know: Dew is an NFT aggregator marketplace on Polygon that is focused on pro traders. Think of it as similar to Blur, but for Polygon.

More importantly: There will be a token airdrop soon. 🚨

☘️ In the weeds: Blur is not yet available on Polygon, which means that the space is open for a trader-focused platform to come in. Polygon is the 3rd largest NFT ecosystem (by trading volume) after Ethereum and Solana, and growing rapidly.

Right now, Dew is in invite-only beta. Everyone who joins the beta will get Dew points, based on their historical NFT trading volume. Every new user also gets 5 invitation codes to share with their friends. When someone uses your invitation code, you also gain Dew Points. Dew points will affect the rarity of your future airdrop boxes.

Active and engaged users during the beta will get 10 - 50x rewards during the next airdrop — i.e. more airdrop boxes. However active trading on Dew won't earn you more Dew points at the moment: that depends on your invitations and past activity.

🤑 Why it matters: It is officially airdrop season, with Blur and Arbitrum launching their tokens successfully via airdrops these past few weeks. Their users received a substantial amount of tokens for using their platforms, worth many thousands of dollars.

While Dew is relatively new, it could be an opportunity to get in early for a future airdrop. This could be valuable if the Polygon NFT ecosystem takes off in a big way in the coming months.

BTW if you're looking for an invite code for Dew, don't worry we gotchu. Each code here can only be used once. Fastest fingers first.

Today's News & Coolest Tweets

  • Pudgy Penguins toys go on sale, with a QR code on the box you can scan to receive a NFT

  • Gucci inks a multi-year partnership with Yuga Labs and Bored Apes

  • Avenged Sevenfold and Ticketmaster to sell NFT-gated tickets for concert.

  • Blur delays new product launch, extends 2x points multiplier to May

  • Magic Eden introduces Diamond scoring system to reward its users

🐥 A compilation of early NFT projects

🐥 Pindar Van Arman's plans for 2023: watch for the qubitGANS drop

🐥 Cool Cats merchandise goes to Macy's stores

🐥 M2 is building a metaverse of metaverses, beginning with Yuga Lab's Otherside

🐥 Rethinking the blockchain go-to-market strategy

New Projects Corner

🍿 (Art) Metro generative art mint on April 5

🍿 (Art) PROOF Curated with a series of generative artists on April 12

🍿 (Collectible) Keppler homes PFP on Arbitrum

That's it for today folks, see you tomorrow. 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.