Will Gala Games new music NFTs be a hit?
PLUS: Does Bitcoin cancel cancel culture? & ETH now 25th largest asset in the world!
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In the mood for some crypto gaming/music, “Bitcoin fixes that” talk and ETH dominance? Great. Let’s get it.
In this issue:
Will Gala Games new music NFTs be a hit?
Does Bitcoin cancel cancel culture?
ETH now 25th largest asset in the world!
NITRO! (3 can’t-miss things)
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Will Gala Games music NFTs expansion be a hit?
Gala Games was one of the first gaming-related crypto assets I bought. I liked the idea of a studio with some serious firepower in the team department that had some working games available to play with more in development. Well, it turns out Gala has been up to lots more — their ambitions go far beyond gaming as they push deep into NFT expansion territory and it’s Gala Music that has really caught my attention.
From Coinspeaker:
According to the President of Blockchain at Gala Games, Jason Brink, the money will be spread between music, movies, and theme park NFTs.
Brink confirmed that the firm will spend $2 billion on gaming, $1 billion on music, $1 billion on movies, and the remaining $1 billion on the Gala theme park NFTs. Asides from the $2 billion budgeted for gaming, the firm also launched a $100 million gaming fund with C2 ventures. The partners will invest the fund in new blockchain games.
I keep hearing that music NFTs are supposedly going to be a big deal this year (though I haven’t seen any artists I’d personally like to support via this avenue yet). Gala getting into music NFTs in such a big way definitely gets my attention.
Though I’m not a giant Snoop Dogg fan I could see myself wanting to own some of the upside of one of my actual favorite artists next release if they did something kind of like what Snoop and Gala are planning (where you at Andy Mineo?!).
Basically Snoop and Gala are releasing his new album via blockchain Stash Boxes which will have limited supply and will allow Node owners to earn royalties.
Does Bitcoin cancel cancel culture?
I, like you, presumably, am tired of seeing all the, “Bitcoin fixes this,” tweets. Even so, some interesting food for thought (regardless of your political leanings):
ETH now 25th largest asset in the world!
NewsBTC reports that Ethereum has beaten out Walmart and Mastercard to be the 25th largest asset in the world. As altcoindaily puts it:
Although it is only half a decade old, it continues to compete with companies that have been in operation for decades, boasting a higher market cap than others despite their widespread use around the world.
Personally I’m very bullish ETH. There’s so many interesting projects building out on top of Ethereum that I can basically discover something new (and cool) daily. Sometimes something DeFi related and sometimes something totally unexpected like the Ethereum Towers metaverse project.
Doesn’t seem like this is a good time to bet against ETH (NFA ofc). High gas fees… ya… but there’s no way that isn’t bullish lol (I’m also pretty bullish all the major L1s FWIW).
NITRO!
News: YouTube Executive Expands on Plans To Integrate Non-Fungible Tokens (NFTs) – Here’s What To Expect
Thread: tribe size = market size
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