It’s not merch, it’s apparel.

GRWM: Denver edition, the SEC advances the plot, marketplace wars

February 19, 2023

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BREAKING: We’re doing a limited edition apparel drop at ETHDenver. Find our booth in Regenlandia to buy your coveted Boys Club gear in a brand new color-way.

  • There are over 550 people on the waitlist for our Denver party. Increase your odds of getting an invite by tweeting about this newsletter.

The Boys

Writer: Rachlol

We’re feeling insecure. Another week, another $100,000,000 of our tax dollars being spent on defining “what is a security?” The SEC filed a suit against Do Kown this week (TBT!) and released a 55-page novella detailing the various charges of fraud against the Terra founder. Gary’s book report gave us a little peek under the hood as to how the SEC is defining securities, and it’s pretty wild. The documents state that a stablecoin, a tokenized or synthetic token, and wrapped tokens are all considered securities. Huh? Next thing we know Gary will be coming for our Sephora points.

World War Web3. We were nostalgic for WAGMI-times as the gloves came off in the monkey picture NFT community this week. Upstart NFT marketplace BLUR had previously made a name for itself by cutting out creator royalties, and this week they had a very successful token launch. OpenSea (wen token?) who had previously committed to keeping royalties, responded by cutting out royalties and their marketplace fee this week. The general consensus is that this is bad for NFT creators who rely on the royalties from secondary sales. Expect turbulent times ahead. (Please God, airdrop). 

Find us down the rabbit hole. RabbitHole has been mapping out the future of on-chain work for a while now, but things are about to get a lot more spicy. This week RabbitHole hard launched their V2, making it über easy to earn tokens from various decentralized applications via Quests — all on-chain. Their V2 was designed for the crypto curious; making onboarding into DeFi less daunting. The bear market builders cannot be stopped.