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The Solution To Better Sleep In Bear Markets

Sleepagotchi launched a mobile app to help users to sleep better, using NFTs to gamify incentives.

GM. We've got all the information you need to stay up-to-date on the constantly evolving world of digital assets. So sit back, relax, and get ready to learn more about NFTs. Let's get right into it.

Today we cover:

  • Delegate.cash is gaining traction

  • Sleep better in bear markets with Sleepagotchi

  • Interesting New Drops

  • Coolest Tweets Today

Delegate Cash Protects Your NFTs

Delegate.cash allows you to assign a hot wallet delegate for your cold wallet vault (e.g. Ledger or Trezor). The delegate hot wallet has permission to claim airdrops and do other things but cannot touch any of the assets in the cold wallet vault. Usage growth for Delegate.cash has been taking off in recent weeks.

Time and time again, we've seen the story of Bored Apes getting stolen and phished. If used correctly, this makes doing stuff on-chain less risky. It's built by foobar, one of the best devs in the space.

The Solution To Better Sleep In Bear Markets

πŸ’² What to know: Sleepagotchi launched a mobile app to help users to sleep better, using NFTs to gamify incentives. It's heading into the public testing phase soon.

Sleepagotchi announced today that it had raised a $3.5M funding round late last year and is heading into the public testing phase soon. It has a team of 15 people. Its mobile app has built a user base in Japan, Taiwan and South Korea.

☘️ In the weeds: You can set a target bedtime and wake-up time in the Sleepagotchi mobile app. If you hit your target, you receive a digital collectible (NFT) that allows you to decorate a virtual room β€” one every morning and two if you went to bed on time.

These items have different rarity levels depending on how good, and consistent you are with your sleep. The items can also be traded with other members. There is a marketplace built directly inside the mobile app.

The mobile app is in beta testing at the moment, so you need a code to create an account. It is not difficult to get a code. Just hang out in the discord channel #share-codes where people often share their invite codes.

πŸ€‘ Why it matters: One of the promises of crypto is the ability to drive human coordination at scale using incentives. In this case, token incentives are directed toward coordinating healthy behaviors, like sleep. Sleep is a critical component of good health yet something we often lack β€” anyone in crypto knows this very well. In bull markets, no one sleeps.

This is a use case with real-world value, unlike much speculation we've seen in the space. What's powerful is that by using NFTs, the developers can design and create a fun user experience beyond just financial rewards. This is in contrast to users earning tokens that are sold away for cash. We saw this with Sweatcoin, a move-to-earn project whose token price has been on a slow bleed since its launch.

Users are fickle, so it remains to be seen if the game is sticky enough to keep users returning to use the app daily.

New & Interesting NFT Projects

🍿 Night Run : Game + Fashion House

🍿 (Art) Focus Block

🍿 (Art) A new artist's Open Edition

Today's Coolest Tweets

πŸ₯ Solana vs Polygon NFTs

πŸ₯ The rise of the Checks NFTs

πŸ₯ Why Meme Cards are here to stay

πŸ₯ Sleep-to-Earn is the new opportunity

πŸ₯ Community-as-a-service

πŸ₯ Pudgy Penguin Meeting Minutes

πŸ₯ Listen-to-Earn with Rug Radio

That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). And if you aren't already a subscriber, join us now to get all the daily alpha you need.

We're looking to improve the newsletter and make it as relevant as possible for you. If you have any feedback to share β€” 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.