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π π Wanted: The Worst Traders in NFT Land for Goblintown's S2 Mint. Are You In?
Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter charting degen activity in Goblintown. So, let's dive into what's happening in the NFT space this May 5th.
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Wanted: The Worst Traders in NFT Land for Goblintown's S2 Mint. Are You In?
Ex-OpenSea Exec Found GUILTY in First NFT Insider Trading Case!
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Wanted: The Worst Traders in NFT Land for Goblintown's S2 Mint. Are You In?
Truth Labs, the creators of the Goblintown NFT collection, are set to release their sequel, Big Inc. This new drop promises to be even more bizarre than its predecessor. The 15,000-unit release is currently without a launch date, but Truth Labs has announced that it will give preference to the "worst traders in NFT land."
Hey?! Thatβs me!
This refers to those who have had poor trades or engaged in "rekt activity," for a free 24-hour mint of the Big Inc acceptance letter. Those who own Goblintown, Grumpl, or Illuminati NFT collections will be able to mint their Big Inc tokens at no cost.
Big Inc is centered around a fictional city called Goblintown, where a company called Big Inc has indoctrinated animals to work for them. The collection includes animal head profile pictures with "super serious" expressions.
Traders in Goblintown Season 2 can also pay with PEPE, the meme coin, and receive a discount at the token mint in exchange.
Everything is about PEPE these days.
The Mint costs 0.096 ETH, around $175, but businesses can pay in PEPE to receive a 50% discount.
With the Goblintown mint generating $7 million in revenues, the release of Big Inc promises to shake up the NFT market once again.
Ex-OpenSea Exec Found GUILTY in First NFT Insider Trading Case!
Former OpenSea product manager Nathaniel Chastain has been convicted of insider trading after purchasing NFTs he knew would be featured on the company's homepage and quickly selling them for over $50,000 in profit.
The case highlights the importance of ethical behavior in the growing world of cryptocurrency and digital assets.
NFTs are the new wave in that once you hit the Open Seas the lines begin to Blur.
Legal experts believe the case could have broader implications for assets that do not fit into existing regulations. Chastain argued that OpenSea did not treat the knowledge of which NFTs would be featured as confidential.
However, prosecutors argued that Chastain used anonymous accounts to make illegal trades, and he knew he was violating the company's confidentiality agreement.
OpenSea requested his resignation in 2021, and they have implemented new procedures to prevent future breaches.
Todayβs Edition is Brought to You by Everbloom
What is Everbloom?
Everbloom is a new platform that lets you support YouTubers and share a portion of their future earnings. Purchasers can also unlock exclusive creator perks and contribute to future projects.
Why YouTube Creators?
The Creator Economy is reaching escape velocity, a trend that will only accelerate with AI. Goldman Sachs Research estimates that the creator economy will double in size to $480B by 2027 with YouTube leading the charge. 1 in 3 US children want to become professional YouTubers, and the platform paid out $16B to its creators last year. Everbloom allows anyone to participate in the creator economy paradigm shift, without needing to create content themselves. Who knew that supporting creators could be a new and exciting way to diversify a portfolio?
Introducing Kavos
Following a series of successful past launches, Everbloom's latest creator investment is Kavos. A true YouTube OG, Kavos' blunt and engaging commentary on YouTube news and drama has earned him over 1.26 million engaged subscribers and 233 million total views.
As a reader of NFT Evening, you can get in early.
As with Everbloom's previous launches, this one is also expected to sell fast. Exclusively for the NFT Evening community, Everbloom will grant Early Access to anyone who comes to their discord. Just say βNFT Eveningβ in the chat.
Half Moons π
Meebits Get a Mood Makeover for Second Birthday [NFTEvening]
Mint a FREE Trevor Jones NFT in Honor of the King's Coronation [NFTEvening]
Game Changer Alert: $10M Grant Program to Transform Web3 Gaming Landscape! [NFTEvening]
Nate Alex's $600,000 CryptoKitty NFT Now Worth Only $3752 [NFTEvening]
Shooting Star π
Mimo is a digital artist who is in the process of creating a cat universe. Follow them on Twitter @MimocatNFT to learn more.
Featured Art: The Eternal Heart
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