This Week in Web3... 

🍿 The Great DeGods reset. Frank, the founder of the DeGods and y00ts NFT collections, announced a complete reset for DeGods NFTs earlier this month. The team reset all the art on DeGods to their original Season 1 art, but are allowing holders to switch between the three variations.

🎉 Making allowlists easier. Web3 thought leader punk 6529 announced the release of EMMA (Editor for Managing MultiPhase Allowlists), a tool that makes creating and managing multi-phase allowlists easier. Artists and teams can give previous holders a chance at the work first, without having to undergo mostly manual list management. EMMA is also an open-source initiative, allowing for community participation and adjustment.

🤦🏻‍♀️ Cointelegraph’s major misstep. On Monday, Cointelegraph tweeted that the SEC had approved a Bitcoin ETF for Blackrock, which pumped Bitcoin to $30K. The story turned out to be false!

🌕 Reddit kills their blockchain points. In a surprise announcement by Reddit, the platform has decided to discontinue their Community Points program. Users are extremely frustrated over the decision, especially since the token representing the points, $MOON, is down ~90% with the news. To make things worse, some Reddit moderators dumped their tokens before the announcement.

🇫🇷 France looks to establish a regulatory framework for NFTs and crypto gaming. France’s National Assembly is looking at a groundbreaking law focused on games that contain crypto and NFT-based elements. The law differentiates between crypto gaming and crypto gambling, and includes strict guidelines around influencers and minors.

Quick Headlines

• Rumor has it that Azuki made a gaming hire.

• Yuga Labs CEO Daniel Alegre opens up about community feedback and what’s next for Yuga.

• The SEC drops the case against Ripple’s executives.

• Sam Bankman Fried / FTX trial continues.

• Uniswap is adding a 0.15% platform fee for swapping between cryptocurrencies.

AI Corner

📷 What are real photos anymore? Google's newest smartphones, the Pixel 8 and Pixel 8 Pro, are using AI to help alter people's expressions in photographs. The new feature has sparked debate in the AI community about how far is too far in manipulating reality.

Try it out here and tell me what you think!

This Week We’re Bullish On …

Maliha Abidi (@Maliha_Z_art)

Maliha Abidi is a Pakistani-American artist and author, and the founder of Women Rise NFT. She was born and raised in Karachi, Pakistan and she migrated to California at 14. She focuses on women’s rights and girls’ education through using art as a tool for advocacy. Most recently, her collaboration with CharityWater sold at The Other Art Fair in London.

Positive Affirmation for the Week

Just like companies get investment to build, you must invest in yourself to grow as well.

Hope you enjoyed this week's edition of the Alpha newsletter!

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Remember, I'm Bullish on you!

With gratitude,

Shira