February 17 - 21: This week in NFTs, recapped in one letter

Gm,

Ok team, it might be time to step out of the meme-coin trenches and join us in the more hopeful valley of NFTs. 

We’re still reeling (sobbing) in the aftermath of $LIBRA. Scandalous interviews, insider trading, sketchy KOLs, and an endorsement from the president of Argentina – is this the wildest coin yet? The overall impact on memecoin markets looks pretty bad guys ngl.

NFTs are still cooking though, and the crowds in Paris last week proved that we’re here long-term. Yuga Labs made some moves this week, selling the Meebits IP and bringing on a new creative director – excited to see what’s in store.

When someone tells you NFTs are dead:

If you really want to learn about $LIBRA (not for the faint-hearted):

• In spooky blockchain news, a man burned $1.6M worth of ETH and donated another $5.4M claiming that he was controlled by “brain-computer chips”. Great – something else to worry about.
  

• Ok this is either genius or dumb, we can’t decide: The latest theory on Satoshi’s identity is that it’s Twitter founder Jack Dorsey. Tbh, the theories are probably better than the truth at this point.
  

• Surprise, surprise – Kanye West is set to launch a memecoin this Sunday…apparently it will serve as an official currency for the Yeezy brand. Do with this information what you will.

Time’s latest collection brings thousands of colorful, pixelated cars to Rarible. Inspired by a long-term love for a special car, and created with precision and whimsy, Cars is a collection not to be slept on. Read our interview with Time here. Vroom vroom.

Don’t overthink it.