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🎣 w3.catch-of-the-week cw35

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Vicktoria Klich & Quinn Wilhelm
August 30, 2024

GMGM and welcome back to the 🎣 w3.catch-of-the-week, the newsletter that provides you with free Web3 snacks with that certain extra 🌶️.

The news of Pavel Durov's arrest last weekend was certainly no tidbit. He is the CEO of Telegram, and the arrest happened at an airport near Paris.

French police are investigating Telegram because they say it does not stop illegal content, including child abuse and drug sales. In other words a “lack of moderation”.

Durov was held for several days and may face charges. Telegram claims it follows the law.

But that's what SBF & FTX claimed too...and we all know how that ended.

The topic is relevant for all crypto bros & sisters, as Durov is the founder of The Open Network (TON).

The Layer 1 blockchain was considered one of the hottest projects in Web3, partly due to access to Telegram's 900 million monthly users.

However, the news led to multiple outages of the TON network and the price of the native token $TON also fell by 20% 📉.

👀 Sony launched a Blockchain
🎁 SAP got a Surprise for you
🙄 Opensea receives Wells Notice

What is Sonemia & why do we need it?

Everyone knows those moments when we experience a flash of genius. We think that's it, the idea that changes everything.

Sony had a similar moment a year ago:

Stop, stop, stop - we're not saying it's not a brilliant idea. It's just a fact that Sony aren't the only ones who have introduced their own Layer 2 this year.

The name of the blockchain is Soneium and the testnet is now live.

Here's what you need to know:

  • Sony Block Solutions Labs, a joint venture between Sony Group and Startale Labs, has launched Soneium - a public Ethereum Layer 2 blockchain.

  • It's built on the OP Stack, the same tech used by Coinbase and Worldcoin for their networks.

  • Focuses on intellectual property and creative industry use cases

  • Integrates Sony's music and film content (banger, actually).

  • Offers up to $100,000 grants for developers.

🏋️‍♂️ The Challenge: Avoid backlash from gamers by keeping blockchain features subtle and user-friendly. No "NFT" or "crypto" buzzwords here, folks!

💅 My Take

It's cool that a company like Sony is realizing their Web3 plans (they already started filing blockchain patents in 2017).

This represents an exciting opportunity to familiarize the 116 MAU (monthly active users) with Web3 technologies.

But... let's not get too excited yet, as Sony still has to prove itself over time.

SAP 🤝 w3.vision 🤝 DMEXCO

Our friends from SAP are bringing our new partnership to life with some exciting raffles and drops.

First things first: Let’s kick off the partnership with SAP with an NFT drop.

Starting today, you can mint the "Partnerships matter"-NFT (Click here). These are limited to 49 pieces, so be quick to grab the first collectible launched as part of the w3.vision rebranding.

What else?

During w3.vision x DMEXCO in Cologne, you’ll have the chance to collect two exclusive pieces as part of an NFT Hunt. Once you have both, you’ll be entered into a raffle to win prizes:

🦖 VOYA Games (a portfolio company of w3.fund) offers a chance to win an Angry Dynomites Water Dyno.

💅🏽 Have you heard of NFC Nails? Chipped embeds NFC chips into press-on nails, allowing users to share digital information with a tap, seamlessly integrating blockchain technology.

👀 Figuregot, a brand merging digital collectibles and products, established by siblings Jess & Callum—Jess has collaborated with Doja Cat & Jack Harlow.

How does it work?

Grab the first NFT during the Panel Session at 5:10 PM on the Tech Stage by scanning the QR code on the screen. The second NFT will be available at the nearby Emarsys stand.

👩🏽‍🍳 What is SAP up to?

SAP’s NFT management solution simplifies the creation, distribution, and analysis of digital assets like NFTs. With SAP Emarsys, they’re elevating gamified customer engagement through the NFT Journeys feature—and no cryptocurrency is required to get started!

Stay tuned for more details as the event approaches. This is just the beginning of what SAP and w3.vision have planned for bridging traditional business with the decentralized future.

NFTs are Securities!?

OpenSea is a platform for buying and selling NFTs. Recently, the U.S. Securities and Exchange Commission (SEC) sent OpenSea a Wells notice. This means the SEC might sue OpenSea.

🤓 Simply explained:

The SEC thinks NFTs are securities, which could cause problems. If NFTs are classified this way, it could hurt artists and limit creativity. Artists might have to hire lawyers just to sell their work.

OpenSea believes that NFTs are not securities. They say people buy NFTs for fun, like gaming items or art, not as investments.

To support artists, OpenSea is offering $5 million to help with legal fees. They hope the SEC will change its mind and allow creativity to thrive without extra rules.

Fun Fact 🤡

Radar Hackathon Kickoff @w3.hub

The Solana Radar Hackathon is just around the corner. To be as prepared as possible, the Solana Superteam Germany has invited to a kickoff event.

There was lots of alpha, workshops, mentoring from legends & more!

This is Ka Ki, our Community Manager. And a dog. We love dogs at w3.hub

Onchain Growth Club V1

🗓️ Wen? September 4, 2024 5:30 PM

w3.pizza comes to Munich

Circle Developer Workshop

TL;DR if you are a dev, this is a must-attend event.

Wen? September 27th

Looking for collaborations or an entry into the Web3 Community?

Vicky & Marvin are Web3-obsessed. That's why they host a weekly podcast featuring updates and cool stuff.

Don't miss out on any news, updates, & vibes anymore. Discord is so yesterday. Let's meet on Telegram.