PleasrDAO Wu-Tang Album - The WAGMI Journal #4
How DAO revolutionizes investing while tapping into exclusivity
In today’s issue:
The market retraces slightly while private round funding activities keep on shooting through the roofs with more than a billion-dollar raise announcement within one day. Additionally, PleasrDAO bought the rare Wu-Tang Clan album which was by the government in 2017, and Nasim Taleb’s comment on BTC continues to properly reflect his age.
Based on one of our reader's suggestions, we plan to add a section tracking top projects (primarily DeFi) governance proposals/activities. Please reach out if you have any other ideas or would like us to recap a segment of the market on a daily basis.
- Curated by Marco Manoppo (@manoppomarco)
![The "OK Boomer" of Bitcoin: Bitcoin](https://substackcdn.com/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Ff747e5ee-3c28-42f2-878b-11704d1fcdcb_700x525.jpeg "The "OK Boomer" of Bitcoin: Bitcoin")
📰Market News
⎆PleasrDAO Purchased Wu-Tang’s Album
An investment collective originally intended to purchase @pplpleasr exclusive NFT has purchased the rare “Once Upon a Time in Shaolin'' physical album by the Wu-Tang Clan.
The album was seized by the US federal authorities in 2017 before it was sold by the government for $4M in July. Yesterday, PleasrDAO announced that they were the buyer, releasing a neat blog post and video to go alongside it.
DAO revolutionizes investing with a touch of exclusivity, tapping into the innate human nature that wants to belong to something — more on this topic soon.
⎆Nassim Nicholas Taleb Calls Bitcoin a Tulip Bubble
At this point, no one is probably surprised about this comment as Taleb is known to have engaged crypto proponents on Twitter. Previously calling it an “open Ponzi” while at the same time commenting that it’s irrational to short it. What’s unfortunate here is that Taleb was (and is) fairly well respected due to his contributions and thought leadership, but he seems to be extremely antagonistic against BTC/crypto, instead of participating in healthy debates.
⎆FTX Raised $420,690,000 From 69 Investors (Nice.)
Nothing much to say here, except that this is a very chad move from the chadest of them all. Some of the lists of investors mentioned such as BlackRock and Tiger Global made perfect sense; especially since FTX is one of the select few crypto-related companies that large institutions with huge check sizes can bet on, without directly holding any tokens.
👨🏻💻Decentralized Finance (DeFi)
Terra Blockchain is Set to Connect to the Cosmos Ecosystem
Polygon Dodges $850M Hack, Pays Record $2M Bounty
Total Value Locked in DeFi on Solana Hits Record High of $12.7B
🦮NFT & Metaverse
Martha Stewart Is Now Selling Ethereum NFTs—And Carving CryptoPunks Into Pumpkins
NFT Ownership Collaborative Pleasrdao Says It Purchased Rare Wu-Tang Clan Album
Sotheby’s Launches an NFT-Only Marketplace
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Animoca Brands - $65M Unknown Round
Superplastic - $20M Unknown Round
Synchrony - $4.2M Unknown Round
Candy Digital - $100M Series A
Sommelier Finance - $23M Series A
Gaia EverWorld - $3.7M Seed Round
MonkeyBall - $3M Seed Round
Copper - $500M Raise (in talks)
FTX - $420M Series B-1
Meta4 Capital - $100M NFT Fund
A&T Venturers - $70M Crypto Venture Fund
⚖️Regulatory Update
Swedish Financial Watchdog Investigating Two Local Crypto Exchanges
Australian Senate Committee Calls for New Rules for Crypto
China’s State Planning Agency Calls for Public Opinion on Bitcoin Mining Ban
Pakistani High Court Orders Government to Regulate Crypto in Three Months
Russian Officials Consider Proposal to Mine Bitcoin With Associated Gas
Competition Drives Young Traders’ Crypto Investments, Says UK Watchdog
The UK’s Tax Collector Is Sending Crypto Investors ‘Nudge’ Letters
📚Noteworthy Reads
For the first week (and maybe a few after), this newsletter is intended for friends and family as we’re sharpening our value offering and content.
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.
DISCLAIMER:
All the information presented on The WAGMI Journal publication and its affiliation is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, and any other forms of advice.