Uniswap plans unveiled 👀

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Hear ye, hear ye! 🔔

It's another issue of The Reveal, pumping and dumping all sorts of crypto stories and views you won't read elsewhere, right into your inbox.

A huge welcome to our new subscribers. There are now over 1,300 of you having launched 2 months ago 🚀

Let's get stuck in.

Top Tweets 🐣

1/ Uniswap Swoop on NFT Lending 🦅

Uniswap, the decentralised exchange, has NFT lending in its sights in a bid to aggregate what is becoming a fiercely competitive market.

Scott_eth, author of the above tweet, is the founder of Genie, an NFT marketplace aggregator that was acquired by the DeFi giant.

NFT lending, as we discussed in last week's edition, is where you can put up your NFT as collateral in order to obtain a loan – making use of your JPEG to get liquidity.

Over the last 3-6 months, user-friendly platforms like Zharta or Pine have sprung up offering instant loans to connect NFT owners with liquidity in real-time so they can lose their net worth quicker.

Each have very different collections that they will lend against, different amounts they would lend for the same NFT, and different user journeys.

So wherever there's a fragmented but competitive landscape, an aggregator adds value so you can get the most choice and lowest APRs, a bit like we all do in everyday life comparing insurance or loan products.

As a platform with 107 million trades, it'll be pretty simple for Uniswap to turn on the taps to give users one place to compare NFT loans or conversely where you'd get the best rates for lending against NFTs.

More on this as we hear it.

2/ Chomping on Some Apes 🍬

M&Ms have teamed up with Kingship, a group of Bored Apes, to slap the cartoons on their sweeties, retailing at $100 for a pack, or $0.20 per go.

Yeah I actually worked it out.

A key draw for Bored Ape investors is ownership of the IP to create revenue driving opportunities on the back of it, and the 10,000 collection sold out damn quickly, as usual.

Other owners have gone down different routes like a fast food restaurant (that stopped accepting crypto during the bear market) or even gazed longingly towards Hollywood to wring some cash out of their JPEGs.

Where 99% of projects' utility is the future release of more NFTs or some god awful hoodies, it's relatively refreshing to see the world's biggest brands striking deals like this, even if its clearly just the brainchild of a boomer music exec desperate to be down with the kids.

You've got to wonder though, are any non-Ape holders buying any of this tat?

3/ I'll send 100k or somethin later when at pc 🤷

Is Cobie one of the very few good guys in crypto?

The British crypto whale, who first bought bitcoin ten years ago, casually donated $100k to the crowdfunding campaign of atozy this week, who was being sued by the infamous crypto YouTuber Bitboy for reporting on questionable shilling in his videos.

This smug Cobie tweet from 2019 shows really how generous his involvement was:

It's not the first bit of controversy for the YouTuber, who has been accused multiple times of shilling projects that have rugged or that were scams and who announced yesterday on a livestream that he's dropping the lawsuit as a result of this unwanted spotlight.

Trusty ZachXBT highlighted some of these scams in this Twitter thread and also tracked the ghastly PnL from Bitboy's videos, showing how you'd have done if you followed his advice.

Really entertaining reads if you have a few minutes.

Still, desperate founders will follow the audience numbers and Bitboy's career will no doubt rumble on, as is the way in crypto.

Introducing: Not Advice 🧠

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You'll also get access to our member-only Telegram group to network and share views, as well as entry to our monthly NFT giveaway.

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Reveal College 🎓

Tezos: The Artists' Choice

Ethereum, Solana, and even Cardano.

Crypto Twitter is awash with fan boys and girls shilling their latest purchases on these chains.

What you don't see as often is chatter about Tezos NFTs.

Why?

Tezos is the bassist in a rock band. Quiet, conscientious, cool and ever so talented.

Objkt is the underground, bohemian marketplace for trading Tezos NFTs where the user experience is hideous, only adding to its appeal.

You feel like you're using the Internet in 1999 with its limited functionality and slow loading speeds that Ethereum or Solana marketplaces like Magic Eden make it their business to lead on.

These days in Tezos circles, PFPs are derided and flat out ridiculed as tacky, unless it's the beloved Tezzards, in favour of higher-brow, mostly generative, art – characterised perfectly with the obsession with fxhash, a marketplace for just that.

In the same way a car enthusiast would prefer an original 1986 BMW M3 to a 2022 Lambo, this community will marvel more at geometric shapes programmed to move in random ways than a cartoon monkey that's worth 1,000 times more.

This really is the underground spirit that's so attractive and where NFT DAOs like KRPDM see an opportunity, having shelled out over $1 million on art, the equivalent to 2 weeks' worth of total Tezos NFT volume.

DAO champ Ed_#1444 gave us the below insight:

The question remains: is it only cool because it's indie and lesser-known, or can this spirit go mainstream?

Shiny New Toys 👀

Art Gobblers

Justin Roiland, the co-creator of Rick and Morty, has teamed up with crypto VC firm Paradigm to launch a one-of-a-kind NFT project called Art Gobblers.

This project seems like it goes deep and within its closed Discord describes itself as:

a decentralized art factory and gallery party owned by an exclusive group of aliens (that’s you!)

The team released a tool for the community to create their own art which has been comically critiqued by intergalactic art critic Glomp Lomlom, but there's no further public information in terms of date or price aside from Twitter teasers like this.

We're sworn to secrecy, but it's exciting.

Do your own research, sure, but also get on the whitelist however you can.

Confessions 🤫

A Digestif 🍸

Reverse Cramer

The anon trader Algod bet $1 million on Terra crashing weeks before the event unfolded. His Jim Cramer counter-trading strategy has rather comically now doubled:

End of. Fin. Kaput.

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