Deadfellaz x Reddit: Spooky Avatars Sold Out Instantly!

Simplifying emerging technology trends with Shira Lazar. Learn what matters in web3 and AI in under 3 minutes per week.

Author

Shira Lazar
October 29, 2023

This Week in Web3... 

A U.S. district court judge ordered NFT artists Ryder Ripps and Jeremy Cahen to pay Bored Ape Yacht Club's creator, Yuga Labs, $1.57 million in disgorgement, damages, and legal fees over a copyright infringement lawsuit. This ends the verdict for one of the biggest NFT Lawsuits to date.

CryptoPunk NFT holders have the opportunity to acquire physical prints of their digital assets through a 48-hour collaboration between online art retailer Avant Arte and CryptoPunks owner Yuga Labs, starting Oct. 26. Two print versions are available: "Punk-On-Chain" for verified CryptoPunk owners, and "10,000 On-Chain" open to all. Each type has distinct features and comes with authentication mechanisms, such as a holographic sticker from Yuga Labs and a Certificate of Authenticity.

Hot Take

More digital artists and projects will be leaning into the physical. We already see this with HUG’s launch of their print shop and even Prohibition heart + craft enabling you to do a 3D printed version of your asset minted.

On Oct. 25, Deadfellaz teamed up with Reddit to launch exclusive avatars. These DeadFellaz Reddit Avatars were available in three basic designs, allowing users to personalize them with various backgrounds, accessories, and color choices. The collection sold out almost instantly on Reddit, underlining its success and resonating with the Reddit audience, just in time for Halloween.

Memeland, a Web3 project developed by the team behind the renowned meme-sharing platform 9GAG, raised $10 million within 42 minutes of its token sale going live. The token website stated a disclaimer for those who are interested in participating, “$MEME is literally a meme coin. No utility. No roadmap. No promises. No expectation of financial return. Just 100% memes.”

#thealpha Twitter Space

Is a bull market coming? This week’s #thealpha Twitter spaces dives into bull market trends and on 0N1 Force NFT finding new life with Fortnite. Tune into the recorded space and listen to the full conversation. 👇

Quick Headlines

AI Corner

🦾 AI can now identify a forest's species through sound analysis. Researchers at the University of Würzburg have developed an AI method to identify the biodiversity of rainforests through sound recordings. By analyzing sounds from various sites in the Ecuadorean rainforest, the AI models trained on 75 bird species and identified species as accurately as experts. The technique offers a time-efficient alternative to manual bioacoustic analysis and could be vital for monitoring global forest restoration projects funded by companies like L’Oreal and Shell.

This Week We’re Bullish On …

Kirthiga Reddy, CEO of Virtualness

Kirthiga Reddy is an Indian-American entrepreneur and the CEO of Virtualness, a platform aiding creators in the Web3 realm. With over two decades in tech transformations, she was SoftBank Vision Fund's first female Investment Partner, managing a $5 billion portfolio and fostering two unicorns. Additionally, Reddy helms Athena SPACs and holds prominent positions at Athena Technology Acquisition Corp. II and F7 Ventures LLC.

Kirthiga Reddy

Check out the limited-edition Jomo Journal experience hosted by my wellness company Peace Inside Live on Virtualness as part of their recent #GratitudeOnChain campaign. Buy our physical journal, alongside exclusive coaching, meditation, or mentorship sessions with me and my co-founder Jordana Reim.

Positive Affirmation for the Week

There are no leaps of certainty.

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

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Remember, I'm Bullish on you!

With gratitude,

Shira