Daddy Elon finally owns Twitter

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.

What's up, degens. Welcome back to another edition of getting dumped on. The biggest news in the last couple days is more Crypto, NFT and Web3 adjacent, but big news none-the-less. Elon Musk finally bought Twitter and started cleaning house. A lot of what goes on in our space starts and gains traction on Twitter. Sometimes Discord, but usually it's Twitter and Twitter Spaces. It's safe to say that many have been following Daddy Elon's purchase for awhile and finally it is done. Honestly, if he could do something about all that bots that would be great. We can only assume most of you are inundated with mass taggings from the most obvious of bot accounts.

Real quick, we did not record an Exit Liquidity episode on Thursday because of misaligned schedules, so we apologize to those who get this emailed to the inbox bright and early. Once we record the episode and get it up on the YouTube Channel, we will add it to this newsletter on the website.

So bad news on the recording. We had a technical issue on one of our mics and we were only able to capture two of three people talking. Unfortunately, we are unable to recover the third microphone and have to scrap this week's Exit Liquidity episode. Sorry for anyone who was looking forward to it.

Because we dropped the ball on getting an episode out, we don't want to leave our newsletter subscribers empty handed. For those in AlphaMint, you may have seen us talking about Canto and Canto NFTs in the dojo. Canto is a layer 1 blockchain currently trading at ~$0.28 per token at the time of writing. They also recently launched NFTs on the network. There are currently only 5 collections and you can check them out on the Provenant marketplace. Given that Canto is a separate layer 1, you will need to bridge over USDC to buy Canto and purchase NFTs. Check out the how-to bridge thread from Meez here.

What's the play and why would you even buy? The play is being early and getting in on the "genesis" Canto NFT collections. Think 2017 Ethereum CryptoPunks. There are only a few collections and they are still very cheap, except for Longnecks. Longnecks are currently sitting around .65 ETH ($1,000 USD) as of writing. Much like Reddit NFTs this last weekend, there is an opportunity to get in early and potentially cash in. Nothing is guaranteed, but we think it's still cheap enough to take the bet. Happy hunting degens!

Crypto

• Cash App users can now receive Bitcoin instantly

• a16z crypto fund down around 40% of its value in the first half of this year

• Airdrop mega thread from @sandraaleow. Includes Crypto, DeFI, NFT tokens and more as well as multiple chains

• Numbers update on the Ethereum merge by Montana Wong

NFTs

• SEBA Bank adds NFT custody to customers giving them the ability to hold NFTs without managing private keys

• Twitter is now testing "NFT Tweet Tiles." This gives users ability to buy and sell NFTs through Tweets

• Okay Bears releases a Community Tool Kit. This helps their community and holders expand their personal IP and use the Okay Bears branding

• Pixel Vault rebranded and reimagined their MetaHeros which will now be known as Inhabitants. These changes include new artwork, collection names and more

• LinksDAO announces a PFP project called Links Champions

• Punk #6965 gets a 1,250 ETH (~$2M USD) bid

• EtherOrcs announces new partnership with DigiDaigaku coming Nov 2022

• RTFKT x RIMOWA drop was loopable with a quick wallet transfer

Web3

• Meta revealed that its Reality Labs metaverse division lost over $3.6 billion in the third quarter of 2022

• Not quite sure when we finished with Web3 and moved passed Web4, but according to Jack Dorsey, Web5 is happening?

• Google launches blockchain node engine for Web3 developers

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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