The Great CC0 License Debate: Moonbird Holders Lose Big

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.

Over the weekend we found out how the NFT market really feels about Web3 ideals and beliefs when Moonbird holders were told they no longer own the IP rights to their birbs and they were all given a CC0 License without a warning or consent. A lot of people were pissed and some were excited for the discounted entry price to the collection. Fear not, we have seen other projects that have CC0 licenses thrive and become one top players.

We also found out that Uncle Sam is coming for that hard earned money and is going to eliminate any chance you have of hiding it from them. Pour one out for our homies over at Tornado Cash, but we fully believe this won't be the last we see of them. Privacy will become more scarce and coveted as Big Brother slowly moves toward Crypto regulation in the United States.

Crypto

• The U.S. Treasury sanctioned Tornado Cash. This bans American citizens from using the tool or transacting with these addresses. Circle, issuer of USDC, has frozen $81,000 held by Tornado Cash wallets 

• Crypto exchange Voyager is cleared to start returning customer assets

• Nomad Bridge has recovered $32M from white hat hackers from their $190M hack

NFTs

• Moonbirds and Oddities move to a CC0 license with no heads up from Founder Kevin Rose or the Proof Collective team

• Tiffany's & Co NFTiff sells out. Concerns rise over IP rights for Cryptopunk holders that claim their pendant

• Beverage company Jarritos tweets about a potential upcoming project

• New Polygon NFT game, Dragoma, rugs holders for $3.5M

• Nina Chanel, creator of Super Cool World, announces holders of specific NFTs from the collection can claim a pair of Air Jordan's

• CryptoDickButts go on a run, sitting at a 3.5 ETH floor at the time of writing, and potentially kick off CC0 summer

• Billboard covering the biggest music NFTs in July

• Another day, another ape holder gets hacked or scammed and loses their BAYC. This time it was 6 apes from 0xClawd who is unsure about how it happened, but many NFT twitter sleuths came forward with an explanation. Once again, this is week's reminder to get a cold storage wallet and stay safe

Web3

• Web3 influencer @CoopahTroopa announces the launch of Music NFT Launchpad 

• Applications for SC05, DAO accelerator, are open until August 15th, 2022

• ApeCoin tweets out a guide on how to get started with the ApeCoin DAO

• Twitter user OKHotshot (@NFTherder) shares at least 101 NFT project Discords were compromised in July and millions were stolen

• Steven Galanis, CEO of Cameo, is hacked and gets north of $230,000 stolen including his Bored Ape, ApeCoin, ETH and more

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. This newsletter may also contain affiliate links and links to partnered projects or websites.

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

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