Welcome to GM, BFF, a newsletter hitting your inbox every week with key insights from Web3, crypto, our community and beyond. Have ideas of what you want to see in this send next week? Email us at email@example.com
Web3 is an opportunity to reset the narrative. As prominent investor, creator economy documentarian and founding BFF Li Jin writes, we’re in a golden age for content, bolstered by the growing acceptance of digital scarcity and creator-owned assets.
But creator-powered content is certainly not new: For at least a decade, social media platforms have been pollinating an ever-increasing number of influencer and micro-influencer communities, each with its own set of ideas, goals and values. Gone are the days we tune in to one trusted source to learn about the news. We’re in an era of decentralized media, and the stories being told every day are becoming more diverse, layered and nuanced.
While storytelling and news curation at the community level is important, consumer media literacy must keep up with the technological changes. Amid a growing trend of worldwide election-time deep fake allegations, AI-powered TV shows and a fraying trust in influencer misinformation, people must have shared solutions and practices for keeping factual, trusted narratives intact.
This month, BFF held three Twitter Spaces to discuss different aspects of decentralized storytelling. We touched on:
📺 The importance of blockchain-powered journalism
📣 How social tokens and NFT artwork empower artists to uplift important narratives around the globe
📚 How collaborative NFT folklore satisfies our ancient communal instincts and builds engaged audiences
On January 18, we hosted former Adobe VP and Content Authenticity Initiative cofounder William Allen, Web3 entrepreneur and on-air personality Shira Lazar (also a founding BFF) and ONE37pm editor Erika Lee in a rich conversation on blockchain and media.
Our guests shared their thoughts on how blockchain can combat disinformation while empowering vital journalism at the grassroots level. We learned a thing or two, including:
Want more? Pop in your headphones and listen to all three of this month’s decentralized storytelling conversations.
Amazon to launch NFT enterprise. While no formal plans have been announced, Amazon is exploring NFT business models, including game rewards and at least one artist collab.
Doodles acquires Emmy-nominated animation studio. The colorful Web3 brand purchased Golden Wolf — a studio known for the Adult Swim animated series Rick & Morty and for having worked with Disney, Nike and Facebook among others.
Call 911, it's an NFT emergency. Porsche almost botched its mint when just 16% of its 7,500 limited-edition 911 sports car NFTs were initially claimed. The collection's floor price recovered after Porsche halted supply at just 2,363 tokens — raising questions about how successful big brands can be in Web3.
Kevin Rose loses $1 million+ in phishing scam. The Moonbirds founder noticed his wallet was drained of valuable NFTs after accidently approving a malicious signature. Sources say scammers snagged at least one Autoglyph, 25 Art Blocks and nine OnChainMonkey items, while the community shared lessons.
Amid layoffs, several crypto companies make promotions. The crypto industry made some notable executive hires this week. Former WhatsApp exec Jessica Tsai Chin will be The Algorand Foundation's new chief marketing officer. Meanwhile, Gemini plans to lay off 10% of its workforce — and Nifty Gateway founders are parting ways.
Are NFTs refundable? A Twitter user noticed a small checkbox next to the Porsche NFT mint button, giving buyers the option to waive their "right of withdrawal." Then the internet asked — what is a right of withdrawal, and do all NFT drops have them? Learn more.
Collaborative Fund Principal Ola Kulynych spoke to BFF Guest Editor Megan DeMatteo about embracing Web3 as part of a traditional VC portfolio.
BFF Cofounder Jaime Schmidt interviewed with Vayner3 Media President Avery Akkineni in an episode of Generation C by CoinDesk. “We thought, let’s do something that’s more accessible, less-hype driven—slow it down and be intentional about it," said Schmidt.
Fartech Vice President of Community and Web3 Stephanie Simon received a shout-out in Vogue Business as one of the luxury retail platform’s three new hires.
Tonic, the NFT marketplace cofounded by Minted Founder Mariam Naficy was featured in Yahoo Finance.
Oh Joy! Founder and Creative Director Joy Cho spoke about her personal experiences as a first-generation Asian-American immigrant in an entrepreneurial family with The New York Times.
Joggy, the new CBD supplement brand by Outdoor Voices Founder Ty Haney, was featured in The Strategist.
G9 Ventures Founder Amy Griffin spoke to theSkimm about stepping back into the workforce after a break and how founders can prepare for economic uncertainty.
We want to extend a massive THANK YOU to the fabulous community members who celebrated with us during our One-Year Birthday Party this week! We are proud to have you in our community.
Thanks for reading! We’d love to hear from you. Feel free to let us know what you think of this newsletter and what you’d like to see from it in the future by emailing firstname.lastname@example.org.
🚨 This newsletter and all the information in it does not constitute financial advice. If you don’t want to invest money or time in Web3, you don’t have to. As always: Do your own research.