Losing money on JPEGs just got easier

OpenSea’s surprise announcement

GM

Today's newsletter is meant to be read lying in a sun-drenched meadow, laughing whimsically as pleasant memories from your youth wash over you.

👉️ MINTING TODAY

Cytographia by Golan Levin

Links for the Top 25 drops are HERE.

Losing money on JPEGs just got easier

Context

Opensea announced a new self-custodial wallet feature that will let users purchase NFTs with just an email and a credit card. 

Our take

So if you made a list of reasons why more collectors aren’t joining the space, I’m guessing we’d see a lot of the usual suspects: cringe people, cringe metas, cringe art, misinformation, maybe a dash of soul-crushing scams. 

And on that list we’d also probably see something like Web3 Is Too Damn Hard

Which is fair, and we’ve spoken about it before, but I’m starting to feel like people are leaning on that argument way too much. 

Yes, it’s difficult for the average person to figure out how to buy an NFT even if they wanted to. But the key phrase here is “if they wanted to”, which hardly seems to be the case. 

I’d bet the percentage of people who fall in the “I want to buy NFTs right now but can’t figure out metamask” bucket is pretty small. 

Definitely smaller than the “NFTs are a scam” crowd, and maybe even smaller than the “I will literally send death threats to my favorite creators if they release an NFT” crowd. 

The bigger issue, of course, is that we just don’t have enough things that people want to do. 

You’d be surprised by how much friction people can handle when you make something they actually want. This video of people camping out overnight for PlayStations always comes to mind. 

All that said, Opensea’s announcement is still a big deal. Developments like these don’t get much love in the short term, but you’ll be happy when you don’t have to hand Cousin Timmy a user manual while shilling your Bitcoin Puppet during Easter brunch. 

Funny enough this was supposed to be one of Coinbase’s killer features for their NFT marketplace many moons ago. And yet two years later they’re still in {beta}. 

Brian Armstrong, if you’re reading this, my DMs are open. Let me take the wheel. 

NOTE: These drops are lightly curated. Our only requirement is that they have recognizable founders. As usual, DYOR. To learn more go here.

PvP Genesis Pass

Social gaming platform pvp.com gears up for its inaugural NFT drop with the 444-supply Genesis Pass.

Founded in 2018 but more recently active since 2022, the platform was co-founded by entrepreneur Phil Stover, who is also a co-founder and partner at Blue Sky Ventures (an investor at PVP).

The pass is set to provide early access opportunities for future projects and perks on the platform. Details are scant, but it’s nice being able to get involved at the low price of free (in theory).

Changing Places by Simon Raion

If you couldn’t get enough of Simon Raion’s work from last April’s Pink collection, I’ve got good news: he’s back with 500 new pieces in Changing Places.

One of the breakout artists from the first PPP AI art show, Raion once again shows off his post-photography prowess in this new release, although with a broader spectrum this time, focusing on the subject of human change.

For enjoyers of Raion’s previous work and/or collections like Life in West America.

High Country by Jeremy Booth

Western pop artist Jeremy Booth will soon join the ranks of Ethereum creators who are dipping their toes in Solana waters as he prepares to release High Country, a 100-supply edition.

Featuring his usual style and cowboy-centric subject matter, this’ll be another trial for the Solana art market following Cath Simard’s sellout last week.

Team

Giancarlo Chaux@GiancarloChaux

Guillermo Martin@pikanxiety

Jon Yale @JonYale

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