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- 🚗🚗Porsche NFT Collection Flops Post Drop, Called a “Cash Grab”
🚗🚗Porsche NFT Collection Flops Post Drop, Called a “Cash Grab”
Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter getting fashionable in the metaverse. So, let us take you on a journey of pain and pleasure to see what's been happening in the NFT space this January 24th.
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Porsche NFT Collection Flops Post Drop, Called a “Cash Grab”
House of Burberry Raises $6Million to Bring Fashion into the Metaverse
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Porsche NFT Collection Flops Post Drop, Called a “Cash Grab”
Porsche's first attempt at entering the world of Web3 did not go as planned. Their NFT collection launch was like the time I tried to run a 5k - it just didn't have the power to compete.
With a high mint price and a lack of communication from the team, the collection only managed to sell 16% of its supply on launch day.
This goes to show that IRL success does not count for anything in web3!
The community was quick to voice their disappointment, with many calling the collection a cash grab and bashing Porsche on Twitter.
However, to their credit, Porsche actually listened to the community and responded to the backlash. They announced that they would be cutting the supply and stopping the mint, only to then post an hour later saying the mint was still open and would close the next day.
This drove allowlist recipients and public sale competitors to run as far away from the project as they could. Not to mention, at the time of writing this, the collection is sitting at 0.89 ETH, which is below mint price.
Also as I write this, there has been some improvement, and 1993 NFTs have been minted, which is 26% of the supply. What the end supply number will be is anyone's guess.
In conclusion, Porsche's NFT launch was a flop, but at least they learned from their mistakes and are now ready to "define the future" with their holders.
House of Burberry Raises $6Million To Bring Fashion into the Metaverse
From luxury cars to luxury fashion, it's time to talk about House of Burberry. House of Blueberry, the reigning digital fashion powerhouse in the metaverse, has raised $6 million in seed funding to expand its digital fashion empire on Web2 and Web3 platforms, as well as in the interactive entertainment industry.
Led by Makers Fund, the funding will be used to secure new partnerships and expand the company's audience.
Now, where do I get my metaverse trench coat?
Mishi McDuff, the founder of House of Blueberry, has big plans for the company, stating, "Our ultimate vision is to become the largest digital fashion house in the world." With the new funding, the company plans to expand its offerings to include male and androgynous designs, makeup, accessories, and other virtual assets.
Founded in 2012, House of Blueberry has already sold over 20 million digital assets across platforms like Roblox, The Sims, and Second Life. They've also partnered with brands like Natori and Boy Meets Girl, launching virtual collections like Jonathan Simkhai's first Metaverse Fashion Week and Broadway’s first-ever Metaverse fashion drop with Dear Evan Hansen.
It's safe to say that House of Blueberry has already made a name for themselves in the digital fashion world, and with this new funding, they're ready to take over the metaverse and beyond.
Now plug me into the metaverse and hand me my trench coat!
Today's edition is brought to you by Atmos 'Exordium'
Atmos: Exordium is a nine-chapter comic book series that introduces the world of Atmos and ExoGP. Now, Exoridum Chapter 02 is almost ready to mint.
About Atmos | Exordium: The starting gate opens. Thrusters ignite. Exo pilots launch themselves headlong into storm wracked skies. In this story, we follow the journey of Addy Aker, a skilled exo pilot, as she navigates the dangerous world of storm-wracked skies, bloodied by her encounter on the planet’s surface, Addy Aker awakens in shackles. Held by Emergent’s cruel and corrupt Huskarls, she will find herself defended by an unlikely ally – someone willing to overlook her criminal past in their pursuit of racing glory.
To get your free copy of Exordium Chapter 02, you can mint directly on atmos.xyz/exordium or in the Atmos Portal. The minting process is divided into three phases:
Phase 1: Starting on Wed, Jan 25th, 2023 @ 2PM PT, holders of any Atmos Asset (MKIV Datacard, MKIV Proto Helm, or Exordium Chapter 01) can mint up to 3 comics.
Phase 2: Starting on Wed, Jan 25th, 2023 @ 8 PM PT, holders of any Atmos Asset or those on the Premint Allowlist can mint up to 3 comics.
Phase 3: Starting on Thurs, Jan 26th, 2023 @ 2PM PT, anyone can mint up to 3 comics.
So what are you waiting for? Join the adventure with your FREE mint or Exordium Chapter 02! (Gas fees apply).
Half Moons 🌓
Woodstock World Brings The Iconic 1969 Festival Into The Metaverse [NFTEvening]
Web3 Film Calladita Receives Award and $100k in Post-Production Funds [NFTEvening]
Who is Andr3w? Everything about NFT Influencer Andrew Wang [NFTEvening]
Checks by Jack Butcher: How One Piece of Art Became a Movement [NFTEvening]
Shooting Star đźŚ
Haze Long is Malaysia's most highly sought-after speed painter. She has created over 100 murals in Malaysia and has speed painted for over 60 events. She also creates art in 3D and digital painting, which are then fed into AI for deconstruction for the final output. Haze has NFTs that can be found on platforms such as Foundation, OBJKT, Known Origin, and NINFA. Find out more about Haze by following her on Twitter @haze_long
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