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WE ARE SO BACK - What's pumping in Web3?

WE ARE SO BACK - What's pumping in Web3?

🎣 w3.catch-of-the-week cw45

Vicktoria Klich
November 10, 2023

GMGM and welcome to 🎣 w3.catch-of-the-week, the newsletter that's the Duff Beer of crypto news – always hits the spot 😉.

We're navigating some choppy waters, folks! The market's facing some new liquidity and there’s a fresh scent of optimism as CT(Crypto-Twitter) starts to whisper about a bull market comeback. Bitcoin’s leading the charge and the altcoins are starting to party like it's 2017.

Amidst the ups and downs, NFTs are making a comeback too. And in the eye of this storm, The Simpsons served up a slice of satirical pie, making us question if we're just living in an elaborate digital joke.

Quick bytes from Springfield:

Bart turns into an NFT.
Marge steps into the blockchain aka the blocktrain to save him.
Homer's living the life of a Degen.
References to many NFT projects like: Beeple's work, Bored Apes, Cryptokitties, and more.

👉 The episode "Wild Barts Can’t Be Token" gives us laughs and a reality check on NFTs.

Do you recognize every NFT project ? 👀

💅 My fav scene: Homer shows Marge Bart as NFT on his mobile

“Aaahhh! My baby is an app!” Marge exclaims.

Homer quickly corrects her: “Uh, no, apps actually do stuff. He’s an NFT.”

👉 Find more funny references here.

What is your current sentiment on NFTs? Let's discuss it in the w3.community Telegram group

🏟 Use Case Fan Engagement in Web3
🧠 Celestias mainnet launch in the heart of Berlin
🗺 The German Web3 Ecosystem Map is back

Redefining Fan Engagement through Web3 technology - AC Milan’s FanBlocks ⚽️

Today I’d like to give you a deep dive on FanBlock and discuss its role in elevating fan engagement to a new level. This platform offers you a piece of AC Milan's stadium - literally allowing you to ✨own a part of the pitch✨.

The Significance of Web3 in Fan Engagement

Web3 represents the evolution of the internet, incorporating blockchain to foster deeper interaction and a sense of ownership. In this case it transforms passive support into a tangible share in the success of your favorite team.

Understanding the FanBlocks Concept

Imagine the pitch at San Siro (The name of the AC Milan stadium) split into a massive chessboard and you can buy a square. Each piece holds moments of the game that could score you points.

The Mechanics of FanBlocks

FanBlocks divide the playing field into 1 x 1-yard squares, creating a grid of ownership.

The field is segmented into four zones (Base, Premium, Rare, Ultra Rare), distinguished by key moments in home games, backed by Opta analytics.

Block Points accrue when notable plays, like goals or assists, occur on one’s FanBlock.

A collection can be built around these blocks, capturing iconic moments in match history.

Advantages of Holding Fan Blocks

A deeper emotional bond by holding a portion of AC Milan’s pitch.
Accumulation of points through real-time match events.
Opportunities to win weekly and monthly rewards.
👉 The chance to experience a game in Italy, all expenses paid.
👉 Engage with players in meet-and-greet events.
👉 Access to exclusive merchandise and collectibles.
👉 Exclusive tours of the Museum and Training Facilities.

What's on the Table

Starting with AC Milan, the plan is to expand and include new teams each month, enriching the ecosystem.

There are four distinct pack types on offer:

Get your hands on your FanBlocks here

Wrapping Up

This initiative invites fans to take on a more involved role with their favorite clubs. It's a step towards a new era where blockchain technology is starting to reshape how sports fans engage and experience their passion.

All of this sounds familiar? The real OGs will remember the Australian Opens project from 2022.

Celestias mainnet launch in the heart of Berlin

On Tuesday, October 31st, I was sitting on the 2nd floor of the w3.hub when I heard celebrations coming from the floor above. What sounded like the "Wooo Girls" from "How I Met Your Mother" was actually the celebration for Celestia's mainnet launch. Yay 🎉.

Parts of the team have been working at w3.hub for quite some time and invited nearly their entire company to Berlin to collaborate on this significant milestone. The first modular blockchain network was born. ✨ Can I get a wooooo? ✨

Comparing blockchains like Solana, Ethereum, or Avalanche, I've come to understand that different blockchains use technology in various ways to validate transactions.

Celestia is the first to be modular, meaning it separates consensus and data availability from execution, enhancing scalability, efficiency, and offering a more flexible environment for developing decentralized applications.

3 days after launch

💅🏽 “Ok, Vicky, but what does this actually mean and why is it important to know?”

Celestia vs. Traditional Blockchains: Consider Celestia as a high-speed train system, while traditional blockchains are like older, slower trains.
Separation of Tasks: Celestia distributes the workload—one part drives the train (managing consensus and data), while another handles everything else (like executing transactions). This specialization results in a more efficient system.
Real-World Impact: For app developers, this translates to a smoother, quicker platform. Apps, whether they are games or financial tools, can operate more effectively, enhancing the user experience.

How did the TIA token perform during its launch?

Launch Price: The TIA token of Celestia debuted at around $2.29.
Current Price: It's currently priced at $2.45.
Performance Highs and Lows: The token hit an all-time high of $2.84 eight days ago and an all-time low of $2.03 about ten days ago.

🐇 Ok, so apparently you can install a Celestia light node in like 15mins. Sounds like a great homework for next week.

Curious to work next to exciting projects like Celestia?

🏄🏽‍♀️ Vickys Top Picks by Numbers

8 Million

Is the number of Bitcoin wallets which are holding over $1,000 worth of BTC. This surge represents a growing confidence in Bitcoin as an asset class and underscores the increasing participation of retail investors in the cryptocurrency market.

$261 Million

Digital asset investment products have seen $261 million in net inflows for the sixth week in a row, bringing the total for this period to over $767 million. This recent surge, which is the largest since December 2021, eclipses the entire inflow of $736 million recorded in 2022.

$1 Billion

Is the exit number that can generate an average 50x Multiple on token investments. Tommy, the Co-Founder of Delphi Digital, shared an interesting opinion on Crypto VCs vs Traditional VCs.

$1.4 Billion

The trading volume of Nike’s NFT collectibles since their acquisition of RTFKT. Virtual assets from top tier consumer brands are changing the landscape of retail, offering exclusive products like the Nike Dunk Genesis Cryptokicks, and bridging the gap between digital assets and physical goods.

w3.guide - The German Web3 Ecosystem Map is back 😍

Explore the latest iteration of our w3.guide – your go-to directory for the pulsating German Web3 scene. Our community's voices have been heard and we're thrilled to roll out the newest edition, showcasing the innovators and shakers within Germany's Web3 space 👀.