This is a historic move, as Adidas is the first major lifestyle brand to demonstrate its commitment to the space. And while crypto natives are wary of old normie brands entering the metaverse, Adidas has made all the right moves so far. We’ll likely see the launch of their metawear when Coinbase NFT launches… soon™. Expect *a lot* more web2 brands to follow in Adidas’ digital footsteps.
The Black Hole
Web3’s gravitational pull is attracting capital at an astounding rate. Money flowing in != your bags going up, but it’s a positive sign for the sustainability of the industry. We need builders and those builders need to get paid. The good news is that crypto is attracting both financial and human capital at an exponential rate. Why work for a boring saas company when you could be playing in the metaverse?
Time studios teams up with @robotosNFT to create animated series
The NFT bear market drags on. Supply is inflating faster than the fed, which means the average NFT collector is running out of liquidity. We’ve searched the couch cushions and there’s nothing left. So what do we do if we want to buy the CloneX drop? We sell something else. Combine the liquidity crunch with a strong $ETH chart, and you get a (NFT) marketwide 15-20% dip. Kudos to the following outperformers of the week:
Anything Pixelvault. Thanks Adidas!
RTFKT’s new CloneX drop - minting paused at the time of writing due to site ‘attacks’
Robotos (we like the time collab announcement)
The Sandbox & Decentraland
🚨DISCLOSURE: I own NFTs! I own punk #2971 if you’d like to dig around.