🀯 Are You a Webucator?

Inhaling the oaky aroma of crypto news.

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After climbing a craggy, unforgiving Alpine trail for 18 hours to reach the cloudy and cold summit, out of nowhere a man emerges from behind a large rock and bellows...

Yodel-ehee-hooooo: this is The Reveal, where the fun side of crypto is pumped and dumped into your inbox every Friday.

Top Tweets 🐣

What's going on in the world of crypto, through the eyes of Twitter.

1/ Can't do 10,000 though 🀷

I'm sure you've all seen this, but let's dive a little deeper. Later today, Tiffany & Co are releasing customised Punk pendants for holders to flaunt, as voted for back in April.

NFTiff, yes that's really the name they came up with, is a collection of 250 NFTs that can be redeemed for a physical pendant representing your Punk, costing just 30 ETH (~50k).

Why can't they do 10,000 by the way? They look cheap enough to make:

We spoke to a jewellery expert and Punk holder to get his view:

I expect it to sell out, but the second hand jewellery market rarely appraises custom pieces well. It always seems to come back to the stone value so anything like this gets torn a new one, unlike watches or handbags where the brand is respected in secondary.

I just don't think anyone will be able to sell them on when the hype dies.

Never underestimate how rich and dumb the NFT crowd is, or how the market will treat this given the strength of community and unprecedented value that might come given the association with the blue-chip collection.

Also, not to labour the point but NFTiff... Really?

It sounds like the first idea that the non-creative boss came up with, touting the wordplay as genius and the others on the Zoom had to act impressed. In the same meeting I'm guessing they laughed when someone suggested 30 ETH.

I'm probably just jealous, it'll sell out and be worth loads.

2/ Slippery Slope β›·

Hackers have targeted the Solana ecosystem, draining around $6 million from around hot wallets on the chain, which, in the grand scheme of web3 hacking is child's play.

It appears as if Slope, a Solana wallet, stored the recovery phrases for wallets which allowed hackers to access them, causing the vulnerability that snowballed which is still not properly solved.

Slope stated they did not store your mnemonics, or as @timortUnchained's fantastic video put it:

All incredibly murky, but there's light at the end of the tunnel in the form of a Solana smartphone, which should solve the problem of crypto being too inaccessible on what the divs over at Apple can muster up...

3/ Zuckerberg the Degen πŸ€“

Instagram is rolling out NFTs after testing it with select creators earlier this year. The announcement was accompanied by a post from Zuck showing his inner collector that reminds me of when 35 year old football players sign for teams like Shanghai Shenhua and claim it's fulfilling a childhood dream or UK politician Zach Goldsmith's love for Bollywood film.

As someone who despises Instagram I need to step away from my bias and welcome this as what could be a huge step for adoption, stuffing beautiful digital art and CloneX NFTs into the limelight that is someone's IG feed, especially given the integrations stated in the post above with Coinbase Wallet, Dapper Labs and its Flow chain.

To start with, it'll be a simple use case of connecting and showing verified Ethereum or Polygon NFTs you own and auto-tagging the creator. Over the coming months, more features will be released.

These accounts currently have NFTs live if you want to have a look:

Will this be anything more than what Twitter has had for a while now? It'll come down to what features are planned to maximise creativity on the platform and, of course, monetisation opportunities for creators.

Finance Guy πŸ‘¨β€πŸ’Ό

He may have to shave every day for work, but he's no Gordon Gecko. DYOR please.

---

TLDR: Zapper have launched their latest upgrade and there are several things you can do to get the airdrop in the form of Free Crypto Yo (FCY).

Zapper self-brands as 'Your Home to Web3'. Our nerd on the ground certainly feels like he’s been hit by a lightning bolt after reviewing their work.

A slick dashboard, which allows you to search and track wallets or you favourite NFT artists, is a much improved version of the old one. Whilst not many of the features stand up in their own right, we reckon the sum of its parts do exceed the value of the individual features. The DAO tracker feature is one that stands out:

Using any of these features significantly increases your chances of getting the much rumoured airdrop and participating in various tasks allows you to mint NFTs which again, is something you should do if you want the airdrop.

There's no info yet on when the airdrop will be, or even if it's for certain, but we're tipping the platform to grow in market share and as such think the freebies will be worth it.

Get farmin' degens.

Shiny New Toys πŸ‘€

The NFT marketplace Magic Eden have announced that they're supporting Ethereum, having been responsible for 90% of secondary NFT trading volume on Solana.

The first order of business in this new direction is the launch of the first ever cross-chain collection called EZU, which can be minted in either SOL or ETH. This is quite a landmark for the space, showing a glimpse of how the future will likely be less fragmented and people can choose what works for them, but the art looks like MekaVerse and World of Women had a weird daughter.

The marketplace is also releasing Launchpad and List, features to help create and manage launches, bringing in creator tools under one roof which feels like a no brainer. Maybe we'll see this on OpenSea next year.

(This is not sponsored, if you're wondering. Hit us up though Magic Eden if you want to send us free stuff.)

Mental Web3 🀯

A mix of pretentious bios, made up words, awful tweets and other miscellaneous things that make you wonder why you work in web3.

It's not hard to stumble on vacuous or shamelessly self-indulgent content on LinkedIn, but we really loved this profile.

Are there any Ivy League schools offering a webucation, please? I am interested for my son.

A Digestif 🍸

Rather apt this week given the surge in hacks.

Fin.

Thanks for reading! We're on Twitter more than we should so catch us there in the mean time.

Thanks to Alex, Finance Guy and Jack for your help 🀘