Blockchain babies, we love you! We miss y'all when we are not hanging out on the multivariate Publish0x!!
Crypto in the FT Weekend! Online - not a jot. In the print version: The story on Sammy's FTX buying Voyager after all makes print. We stand over our thoughts about what a cavalcade of lawyers. Better off kept in barrels.
There's the usual boatloads of fun stories - world chess is rocked by accusations of cheating using anal vibrators. Pharoah Sanders, the famous sax player, passed. He always played our favorite horn, a Selmer Mark VI. Pharrell Williams is selling his, well, everything, good on him, nice stuff.
Lots and lots of pound falling fallout. People had mortgages they thought locked around 4.5%, now being told they are 10%. And crying. The IMF yelling at Kwasi. People yelling about the IMF yelling at Kwasi.
The one and only crypto ish story onljne today:
Clearly WE don't understand CHIT. Cause now Improbable is getting another nine figures in backing, improbably RAISING their valuation to 3 bn from 2.5 bn. Improbable will now make NFTs in partnership with Yuga Labs of Bored Ape Yacht Club. Improbable will build and operate metaverses as a service.
We reckon it is a nimble pivot, from blowing a half billion trying to make games, to working with bored apes. Maybe it is a logical, natural, modern day move from video gaming to metaversing.
We've been thinking a lot about the old BAYC, they are marketing genius, despite the interweb finding what must be deliberate references to Nazi death's head images. BAYC is more than cheezy jpegs sold early in the NFT craze for ridiculous amounts of money, now often involved in bogus wash sales. BAYC is marketing genius, selling social club access to total geeks, who then advertise for BAYC by replacing their own faces in social media with laser eyed bored apes.
Respect for the hustle, who'd a thunk it?? Apparently, Improbable respects the hustle a , and wants in. It's really hard to believe a company that just lost 500 mmm is now worth MORE. Time will tell. It's funny how the FT usually just savages any crypto value props like this, but for the startup, it's alllll gooooood. , which is down 90%, will be involved. "Otherword," the project with Yuga Labs, is not released yet, but it will pull tens of millions of profit real soon now. This is the part where the FT usually whips out the straight edged razor and starts slicing.
It's all about the dogs that don't bark with the FT. We escaped from the FT and read a lot this week, and we found even more more dogs that were NEVER allowed to bark in the FT. Rishi, the PM candidate who got gated early, was running around talking about how London would be the new cryptopolis. We never heard much about THAT in the FT. Once Rishi hit the wall, Liz's man Robin went on to say that crypto plans were going forward. Not ONE freaking peep outta the FT on this, totally ignored, the last time they mentioned Robin was in like 2016.
TBF, actions speak a lot louder than words, and the FCA's nasty little dog attack on FTX , let alone dropping the ball on Binance, wipes away any happy ideals about crypto summer for London.
Ahhh, let's blow this popcorn stand and find some fun crypto. Teaser: there is a LOT of it in the NEXO dispatches.
Gotta sleep, peace
