Doodles NFT nets $1 Billion in VC

Welcome to the Exit Liquidity newsletter, the place to stay up to date on the ridiculous things that happen in the Crypto, NFTs & Web3. If you are looking to join the community check out the AlphaMint Discord where all the degens gather to chat in the dojo.

The Merge was successful! And that's about it on that. Half kidding, but really. The options were either it's super uneventful and no one really notices any serious changes which is really really good or it all burns down and we all lose bad. Thankfully, the former scenario played out early Thursday morning and Merge is now complete. Ethereum is officially a Proof-of-Stake chain and we are moving forward. We did see a drop in price, but we think that has more to do with macro reasons than the Merge.

This week on the Exit Liquidity show we give a quick run on the Merge, but that's not all we covered this week. We touch on Starbucks launching their Odyssey NFT loyalty program which was mentioned on last Tuesday's newsletter. Doodles was a topic of conversation and their recent fund raise of $54M at a $704M valuation, but the bigger conversation is really how does VC money actually benefit holders and the people who minted? Or does it just pad the pockets of the founders and team leaving the community like any other customer of a product?

This sparks another conversation that we assume is on everyone's mind after this, and that's who's next? What project announces the next ridiculous valuation and round of VC money? If you know, maybe let us know... eh?? Just kidding, that's illegal, but seriously.

We wrap up with Renga and Valhalla chat which leads into a larger topic which is focused all around P2E NFTs, gaming and what that future looks like. Needless to say, there's a little something for everyone in this week's episode. Don't miss out and give it a listen.

Watch Episode 8 Now!

Crypto

• Coinbase now lets users see which U.S. Politicians are Crypto-friendly

• Charles Schwab, Citadel and Fidelity launch EDX Crypto exchange

• U.S. Treasury allows users to recover funds from Tornado Cash and will not punish any celebs or users that were dusted from TC wallets

• South Korea issues arrest warrant for Do Kwon, creator of Luna/Terra

• Wednesday's CPI report knocks another $1.6 Trillion from the stock market. Yes, we know this is a Crypto newsletter, but that's going to directly reflect on and bring down the Crypto markets as well

• Tesla launches new Cyberwhistle that can only be bought using Dogecoin

NFTs

• OpenSea was on it this week with announcements. First, they are going to introduce more blockchains to the platform. Second, they tease a new look for the website. Third, they announce OpenRarity which is their rarity tool. Lastly, they made an oopsies and spammed everyone's inbox

• NFT rental platform, Rentable, is shutting down

• LinksDAO announces a partnership with Bridgestong Golf

• The Hundreds NFT project Adam Bomb Squad announces holder get royalties

• Sudoswap launches new bonding curve which lets users set ranges like Uniswap liquidity pools and more

Web3

• Epic games adds the first Web3 games to their store – Blankos Block Party

• 20 lies that 99% of people believe about Web 3 by @NFT_GOD

• North Island Ventures raises $125 million for Crypto and Web3 projects

Disclaimer: The Exit Liquidity Newsletter is meant to be an informational and entertaining way to share interesting things found in and around the Crypto, NFT and Web3 space. Nothing in this newsletter should be taken as the contributor's, Exit Liquidity's or AlphaMint's personal opinion or views. Nothing in this newsletter constitutes as professional and/or financial advice. Cryptocurrencies and crypto-related assets can be extremely risky investments, invest at your own risk.

Forever hodling your favorite influencer’s bag: @R2Degen @DRTYMLK @dripcult

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