A meme inventory’s second shot on the moon • TechCrunch
Everybody’s favourite 2020 meme inventory is again within the information, and this time it’s flexing on crypto trade incumbent Coinbase. GameStop, which largely operates brick-and-mortar retail shops for video video games, made a foray into the metaverse with its launch of an NFT market this week. In simply two days of being reside, the platform introduced in roughly $3.5 million value of ETH in gross sales, making the ~$1.8 million Coinbase has made by way of its personal NFT market since its launch again in Might appear like chump change.
Howdy and welcome again to the Chain Response podcast, the place we unpack and clarify the newest crypto information, drama and developments, breaking it down block by block for the crypto curious.
This week, Lucas and Anita dove into GameStop’s financials and the aggressive panorama for NFTs to look at whether or not its early web3 success can final. In addition they talked about what might form as much as be one among crypto’s most consequential rug pulls (even when it wasn’t on function) and why crypto VCs are hoarding money proper now.
Our visitor: Yat founder and CEO Naveen Jain 🦅
You already know these strings of emojis celebrities like Ke$ha have been placing of their Twitter bios? They’re Yats, a product CEO Naveen Jain sees as an id answer for web3 customers. Jain defined to us how these emojis have something to do with crypto and shared his views on whether or not offering individuals with clout is sufficient to maintain a market in the long run. Why the eagle emoji, you ask? It’ll all make sense when you take heed to the episode.