Will Move-to-Earn (M2E) be the next Play-to-Earn (P2E)?

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.

Watch the crew talk about events that happened this week on Episode 1 of the Exit Liquidity show. Buckle up because there was a lot this week. We talk about how crypto goes up a as the Fed raises rates, Meta Facebook taking big losses in their metaverse orgs, Coinbase stacking L's like insider trading arrests, a big money Cryptopunk sale, the latest Zeneca drama and we round it out with NFT project flops and hacks.

Crypto

• Big Brother looks to end taxation on crypto transactions that are less than $50, including capital gains

• The FTX take over continues as they open up stock trading to the US platform

• If things weren't bad enough for Celsius customers, turns out they are part of the Customer.io email data breach that hit OpenSea last month

• Crypto.com ends merchant rebate benefits for existing card holders

NFTs

• MetaMask rolls update 10.18.0. This update should help protect users from falling victim to wallet draining scams

• Axie CEO moves $3M in AXS tokens before they publicly announcing $622M hack

• A year has gone by since artist Damien Hirst dropped The Currency collection and 4,851 holders have chosen the NFT meaning the physical versions will be burned

• Great thread on ArtBlocks by @lalley

• Calling all Final Fantasy Fans, Square Enix partners with Enjin to launch NFTs

Web3

• Is Move-to-Earn (M2E) the next Play-to-Earn (P2E)? Tokenomics becoming a part of the Health & Fitness industry could motivate people into a healthier and wealthier lifestyle. Sweat Economy raises $13M in a private token sale, most likely the first of many for M2E projects. Other M2E projects to check out: Stepn, Step App & Genopets

• Japan opens an official Web3 Policy Office

• Would you pay $4500 to take a metaverse course at an Ivy League school?

• VC fund Variant raises $450M and focuses on “user-owned web.”

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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