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  • August 22: This week in web3, recapped in one letter

August 22: This week in web3, recapped in one letter

Right Click, Recap is a weekly newsletter that helps you stay in the loop of the ever-changing web3 market and its community.️

Gm gm,

Kanye finally launched his meme coin.

It pumped to $3B, before crashing spectacularly (of course).

The vibes are not quite as high as last week (*cough* ETH falling, NFT market cap dropping cough) but we are eternal optimists. And so is JP Morgan.

The Headlines:

  • Rarible acquired Flipp – the mobile first trading app. Big announcments coming.

  • CreatorDAO launched a 50 ETH creator fund.

  • Polymarket added a “Breaking News” tab, allowing you to track the top markets.

  • Big week for Rekt: Their Base collab sold out in 1 minute, a Rekt Guy sold for $45K, and $REKT went live for spot trading on Hyperliquid. 

  • Meebits launched a digital upcycling program.

  • Story Protocol’s founder stepped down, causing backlash and speculation.

  • A biotech firm pivoted to become an ETH treasury firm called ETHZilla.

  • Bo Hines, leader of the white house Crypto Council now works at Tether.

  • ERC-8004 on Ethereum: a new trustless standard for AI agents.

  • Elon Musk changed his mind about forming his own political party.

  • A Japanese 3D-printed housing company is using NFTs and Bitcoin in their business model.

  • Monad cards took over the timeline, and no I’m not jealous that I didn’t get one.

From the timeline:

Minting Now:

We’ve got the first ZKcandy mints live on Rarible. The Super Misfits are a league of 4,000 oddballs…and then there’s this cute little kitty. Minting now.

PS: