cool Story bro

Hi,

Have you bought your limited edition CLONE t-shirt yet? It’s perfect for showing everyone that you’re serious about links.

Also, our weekly livestream is starting RIGHT NOW, come hang. We’re talking A24, Jeni’s Ice Cream drama and more.

Love,

The Boys

Writer: Deana

Story Protocol. One of the founders of Layer-1 blockchain Story Protocol, abruptly resigned this week in an X post that’s now been viewed over 5M times (which to me, is the craziest part of this whole thing).

Story is positioned as the ‘blockchain for IP’ and raised over $130M from top VCs, however its usage is still thin, booking only $23 in fees over the past 24 hrs. The timeline rushed in to point out that the resignation seems conveniently timed, hitting right after a supposed vesting cliff. Others suggest the rush and lack of details seem to indicate he was “low key pushed out” or is possibly starting a new thing in the ecosystem, who’s to say. You decide for yourself! No comment from the official account, which to me seems like a missed opportunity to tell…a story.

Cowboy Stablecoins. The great state of Wyoming has become the first to issue a USD-backed stablecoin, the Frontier Stable Token, featuring a very yee-haw logo (complimentary). Wyoming is known for pushing digital asset innovations, being the first to recognize DAOs as LLCs, and that very much seems like the play here as well. I spent a lot of time yesterday wondering why, exactly, a state would need to issue a stablecoin and what, exactly, would be the novel use of said coin. But I’m going to set that aside and appreciate the precedent set for public sector participation in issuing onchain USD. The offshore C-corps shouldn’t get to have all the fun.

Quick Hits.

• Ozempic manufacturer faces an estimated $2B in lawsuits over failing to disclose serious side effects.

• Soho House is going private, adds Ashton Kutcher to board. (?)

• Singer Jewel feuds with Kroger. (??)

• Approximately 3 people will care about this, however JD Vance has gone on record saying “Fade Into You” by Mazzy Star is his favorite song. If you are affected by this news, please DM me as I’m starting a support group.