Like Tamagotchis? You'll LOVE this

👠 Gucci Says “Ciao Bella” to NFT Project … Like Tamagotchis? You’ll LOVE This … And Can Crypto Save the Climate … 🌳

Author

Nahin Talhah
August 08, 2023

👠 Gucci Says “Ciao Bella” to NFT Project … Like Tamagotchis? You’ll LOVE This … And Can Crypto Save the Climate … 🌳


What’s up Web3-ers.

In today’s issue, we’re diving into:

  • Gucci going gaga for NFTs … Is it crypto or is it couture?

  • How one company is reviving a 90’s craze we all loved, AND giving a big boost to blockchain at the same time.

  • New Google partnership aims to support the growth of sustainability-focused startups.

  • And what flashy gyms and overpriced golf clubs have to do with your venture into Web3.

SUCCESS PRINCIPLE LESSONS #109

Each week we decode one of the key Web3 principles giving you the inside track on what makes a successful Web3 strategy.

This week’s principle… Social Capital

Have you ever wondered why some people pay £500 a month for a fancy health club membership, when they could get access to a gym with better opening hours (often 24/7,) and more high-tech, newer, more varied equipment for £15 a month?

This cheaper gym would likely help them get BETTER results and be more convenient, yet people are happy to splash the cash and spend 10, 20, even 40 times more to gain access to somewhere a bit posher.

The reason? Social capital - the real-world example of “It’s not what you know … It’s who you know?”

When you spend time at “higher end” places like expensive gyms, fancy golf courses or private members clubs, you spend time around people who can open up a whole new world of opportunities for you. (Essentially … networking.)

Knowing how to improve your social capital in a Web2 world is easy. (Even if the price for entry can be high.) Just hang out where the ‘in-the-know people’ are. But how do we do that in Web3?

Social Capital in Web3

Well, DAO’s and NFT communities are the place to cash in on social capital. You have everyone from millionaire VC’s, to talented artists and skilled professionals all conversing via Web3.

So make sure you don’t miss out on the chance to connect with global leaders of industry. It’s a WHOLE lot easier than doing this in Web2.

Now, on with the main event …

ROSTER ROUNDUP

Each week we like to give you a little insight into what’s going on behind the scenes at Roster HQ.

Last weeks international Web3 event web3wave.io was a huge success and a great confirmation we’re heading in the right direction. Speakers flocked in from the UK Government, Binance, Coinbase and Redbull racing all concluding that education is the key to mass adoption of Web3 across industries.

We were invited onto a panel to debate the future of NFT’s with super brands. What’s the key strategies Reddit, Starbucks and Redbull racing are using? Tune in to hear more as we unveil our findings in our much anticipated whitepaper study launching soon.

(Note: If you’re as eager for the Web3 Mini MBA launch as we are -- and why wouldn’t you be? -- you can get advanced notifications and updates here.)

GUCCI SAYS “CIAO BELLA” TO NFT PROJECT

Gucci is rewarding holders of its Material NFTs with exclusive physical items, such as a wallet or duffle bag, for no additional cost.

Back in March, Gucci minted 2,896 NFTs as part of the Gucci Grail project with 10KTF. The Gucci Material Vault NFT is currently priced at over $300 or 0.18 ETH, and holders will have to exchange their NFT in order to gain one of the exclusive items.

What does this mean for the Web3 world?

Well, with luxury companies like Gucci now leading the way and giving NFT holders extra incentives, we’ll likely see a wave of similar brands embracing the trend, and incentivising fans and collectors to hop on board the Web3 train purely to get access to gated communities and goods.

LIKE TAMAGOTCHIS? YOU’LL LOVE THIS.

If you were born in the 80s or early 90s, chances are, you had the pleasure (read: mental torture) of owning and caring for a Tamagotchi.

Well, if you’ve been missing your virtual pal, and longing for them to make a return. You’re in luck … almost.

Japanese video game publisher Bandai Namco has partnered with Oasys to create an AI-powered virtual pet game called Ryuzo, centred around NFT-based digital creatures known as Ryu.

Much like your beloved Tamagotchi, the Ryu will develop a personality and unlock different abilities based on user interaction. Whether the Ryu will also happily let you feed them, pet them, pick up their poop, and then die suddenly, leaving you heartbroken and distraught, only time will tell.

(And no, we don’t have trust issues … Not at all.)

This appears to be the next move in a growing trend of blockchain-based gaming, with major gaming companies like Bandai Namco and Sega eyeing blockchain gaming as the future of the industry.

CAN CRYPTO SAVE THE CLIMATE?

What’s this? A Greta Thunberg-endorsed NFT?

No, not quite. But the blockchain has ‘gone green’ this week, as Google Cloud has announced its collaboration with the Celo Network to run a validator on the Celo blockchain.

The partnership aims to support the growth of sustainability-focused startups and mission-aligned projects in the Celo ecosystem.

Since its mainnet launch on Earth Day in 2020, over 3,700 tons of CO2 have been offset by the Celo blockchain, and it’s been carbon-negative since Day 1.

Now that’s Greta off our back, it’s just The SEC we have to watch out for.

☎️ READER REQUESTS

Every week we pick one lucky reader’s question, and give you a full rundown here. Today’s request comes from Alison who wants to know…

“What Are The Job Opportunities In Web3 Like?”

Well, Alison, if you're looking to make big bucks in the brave new world of Web3, now's the time to get in on the action! 

The job market in the blockchain and crypto scene is blowing up faster than Great Aunt Ruth after an all-you-can-eat buffet.

There’s around 14 jobs for every 1 developer out there right now. (No, that’s not a typo).

We’re not talking small-fry companies or only specialist tech firms, either. All the big baller companies are getting in the game too - web3.career currently lists over 2,000 UK jobs based around Web3 skillsets. 

So polish up that resume and grab a piece of this Web3 pie before it's too late.

THAT’S A RITELIST (W)RAP …

We always love hearing from our readers …

So if you want to reach out with a question, comment, or a suggestion for the best gluten-free baked goods, or what to watch on Netflix (nothing too scary though please,) just hit reply to this email, and we’ll get right back to you.

Alternatively, if you want to be kept up-to-speed on the developments of our upcoming Web3 MBA course, just go here and register your details.

Until next time…