Welcome to the latest edition of our weekly newsletter designed to keep you in the loop on recent developments in Web3 : collectibles, fashion, gaming, finance and more !
Multidisciplinary artist Jack Butcher's Opepen edition NFT launch for ThreadGuy ignites excitement and unity in the NFT space. The act of kindness prompts ThreadGuy to change his long-standing profile picture (PFP) and leads to a wave of derivatives and creative offerings. Butcher further launches the Opepen Threadition, generating significant proceeds allocated to ThreadGuy. This event highlights the benevolent nature of the NFT space and the community's recognition of creators' value.
Envisioned as a place where radical ideas can encounter each other, Gucci Art Space spotlights 19 artists as they navigate the intersection between fashion, art, and technology through generative systems. Botto, Claire Silver, DRAUP, Emily Xie, Entangled Others, Fingacode, Helena Sarin, Iskra Velitchkova, Luke Shannon, Maya Man, Minnie Atairu, Pindar Van Arman, Robbie Barrat, Sasha Stiles, Si Parmeggiani, William Mapan, Yazid, Zach Lieberman, and Zancan have integrated cutting-edge technologies into their artworks not as a subject, but rather as a tool to augment the vision behind it. In turn, each digital piece explores new futures, perhaps propelling them into possibility.
The auction will be live on Christie’s 3.0 from July 18-July 25, 2023
Cool Cats is collaborating with three gaming publishers (nWay, iCandy, and Sync Studios) to develop new games featuring the Cool Cats brand and characters. These partnerships aim to expand the reach of Cool Cats and establish it as a globally recognized character brand. The games, including a competitive multiplayer arcade game, an in-browser endless runner game, and a match3 game for mobile platforms, are scheduled to be released between late 2023 and early 2024. Cool Cats is also engaging in other initiatives to broaden its audience, such as participating in the Macy's Thanksgiving Day Parade and Comic Con. Further details about the games, including their names, promotional clips, and launch dates, will be announced in the near future.
Decentralized finance (DeFi) protocol Aave has launched its algorithmic stablecoin GHO on the Ethereum mainnet. GHO is a decentralized and over-collateralized stablecoin backed by various digital assets, including ETH and AAVE. The launch followed a community governance vote with strong support. Unlike centralized stablecoins, GHO's reserves are transparent and verifiable through on-chain data. The introduction of GHO adds to the growing number of DeFi-native algorithmic stablecoins. At present, MakerDAO's DAI is the largest algorithmic stablecoin in circulation. However, centralized stablecoins like USDT and USDC still dominate the stablecoin market. GHO is currently trading slightly below the $1 peg.
Stay tuned for our next issue, where we'll continue to bring you the latest updates from the world of Web3.
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