CryptoPunks x Tiffany Pre-Sale, Memeland Potatoz NFTs

🚨 In Case You Missed It

Coinbase and BlackRock announced a partnership to provide crypto brokerage and custody services to institutional clients. Coinbase shares gained 35% on the news.
Instagram stated that users across 100 countries will be able to showcase NFTs on their profiles. The platform will also add support for Flow blockchain.
Starbucks unveiled its web3 initiative which includes coffee-themed NFTs to be launched in September.
ZB.com was hacked with $4.8 million drained from the exchange’s hot wallet. Over 20 tokens, including SHIB, USDT, and MATIC were sold on Ethereum DEXs.
Solana Foundation stated that an investigation into the recent attack found no issues with the Solana protocol or underlying cryptography.

📊 CryptoPunks x Tiffany Pre-Sale: The First 24 Hours

Tiffany & Co., American luxury retailer, launched an NFT collection of 250 digital passes called NFTiff. These NFTs can be minted by CryptoPunks holders and redeemed for a custom-designed, physical pendant.
On August 3, a pre-sale raised 300 ETH by offering 100 NFTiffs for 30 ETH each. So far, 2 NFTiffs have been sold on OpenSea for 55 ETH and 31 ETH respectively.
Out of the 100 NFTiffs that were minted, 27 have already been redeemed. The CryptoPunks that redeemed these NFTs include 1 Alien, no Apes, 2 Zombies, 8 Females and 16 Males.
Since there are only 9 Alien CryptoPunks, 11% of this type has already redeemed an NFTiff. One of the more notable NFTiff holders who has not redeemed is gmoney.eth, owner of an Ape CryptoPunks NFT.
NFTiff may attract a higher percentage of such rare CryptoPunks holders because of the exclusivity. Only 250 NFTs will be offered, out of which 100 have already been minted. The remaining 150 will be available on August 5.
With a deadline of August 12 to redeem these NFTs, we may likely see most, if not all, of the 250 NFTiffs redeemed for a physical pendant.
For more on CryptoPunks, Delphi members can read a previous Delphi Insights report here.

⚡Memeland Potatoz NFTs

Memeland is 9GAG’s first foray into Web3, and an ambitious one to boot. For those who are not familiar, 9GAG is one of the largest global media platforms for memes. Its vision is to make the world a happier place.
9GAG was founded over 14 years ago, with a global audience of >200M across its social media channels. It is backed by world-class investors including First Round Capital, True Ventures, and Y Combinator.
Within Memeland, there is a 3-tier system of NFTs: “YOU THE REAL MVP” (top-tier), Memeland Captains (mid-tier), and The Potatoz (bottom-tier).
The Potatoz is a 10K collection that was launched on the July 21. It was free to mint, with the majority of spots distributed via a public raffle. Since then, it has gone on to become one of the top collections traded in recent weeks, with a floor price of >1E.

The Potatoz is inspired by a cultural reference on 9GAG where people would add a potato at the end of a long post. Potatoz will be revealed in several different phases over time.
The bouncing plant we see now is just the first of many stages of the Potatoz. The expected timeframe for the full reveal is “similar to the length of time a potato plant takes to grow (80 – 100 days), but 5X faster”.
Here are some things we know about Potatoz:
- The current rarities are not final, as more traits will be revealed as the Potatoz grow.
- Owners will be able to stake their Potatoz without giving up custody of their NFTs.
- Staking Potatoz will allow owners to participate in weekly raffles for more Potatoz, $MEME tokens, and whitelist spots for Memeland Captains.
- Owners of a “YOU THE REAL MVP” NFT will have their staking accelerated by 2X.
- Staking is expected to begin in about a week.
For more, Delphi members can read our Delphi Insights report here.

🐣 Notable Tweets

Who Hacked Solana Wallets?

(1/8) Who Hacked #Solana Wallets!? (A thread)🧵

Almost 8,000 Solana wallets have been compromised & approx millions lost!

Here is a thread on the details of this hack. (For complete info visit our medium blog!)

— White Hat Crypto (@whitehatcrypto) August 3, 2022

Fear & Greed in NFT Culture

1/ On sell shaming, insider trading, and selling NFTs as an “Influencer” 🧵

There is very clearly some sort of overall stigma against selling NFTs. “Sell shaming” is a thing. It’s awful.

— Zeneca_33 (🔮,🔥) (@Zeneca_33) August 3, 2022

Gen Art and the Ethereum Merge

Gm 💛 it’s Tuesday. @iamDCinvestor joined the show; a mastermind session in generative art, its future, and his thoughts on the upcoming Ethereum merge. Thx to hosts @piovincenzo_ @allnick @SpeculatorArt and all the speakers.

Catch-up below 🧵 👇1/11

— Signal (she/her) (@_thesignal) August 3, 2022

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