This 🪿 goose cost $6.2 million

Author

Nahin Talhah
June 23, 2023

🖼️ $6.2 Million for an NFT … Join Us on A “Sneakerhunt” … And Rolex (Temporarily) Hits the Blockchain ⌚


What’s up Web3-ers.

In today’s issue, we’re diving into:

  • Our meeting at Vaynersports … And a brand new partnership involving some fancy footwork.

  • Web3 world bounces back with BIG sale at Sotheby’s.

  • Nike and Epic Games team up to reach a potential 250 Million new community members.

  • Arcade hits over $100 million in real NFT lending volume.

SUCCESS PRINCIPLES LESSON #103

This week’s principle… Access

Imagine you’re going to a concert. There are MULTIPLE points of access.

You need access into the station to get your train … You need access to the stadium or venue … You need access to your seat … Access to the bars … The list goes on.

Not just that, but you have different levels of access. Did you buy a first class seat on the train, or “slum it” in cattle class? Does your ticket entitle you to access in any VIP or backstage areas?

Access in Web3

In a Web3 world, it becomes dead easy to upgrade your access, and activate a whole host of benefits and extras, thanks to the technology, or, more specifically, Non-Fungible Tokens (aka NFT’s).

We’re already seeing this in sports with Fan Token’s that give holders VIP access and hospitality in the Premier League, UFC, F1 and many more. And the trend is only on the up.

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. We’ve had three “biggies” the past 5 days …

  1. We had an incredible meeting with the guys at VaynerSports this week. (And yep, in case you hadn’t guessed, that IS the company founder by Vaynerchuk brothers Gary and AJ.) Without doing the whole “We can’t say too much, but expect big things coming soon” spiel …

    Well, we can’t say too much, but expect big things coming soon ;)

  2. We’re also excited to announce we have a new partnership with the World Federation of Freestyle Football to support, advise and guide on web3 agenda.

  3. And finally, we can proudly reveal that mobile-first learner platform Suada is being onboarded and set up to be the platform for our mini MBA launching in September.

(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.)

$6.2 MILLION FOR AN NFT?

The infamous ‘Punk6529’ has opened his wallet once more, purchasing Dmitri Cherniak's Ringers 879 NFT, also known as "The Goose." He splashed a cool $6.2 Million on the piece when it was auctioned off at Sotheby’s.

The purchase means 6529 now holds at least 850 NFTs, as he bolstered his collection further by taking advantage of the sale, which contained items from 3 Arrows Capital, a bankrupt former cryptocurrency hedge fund.

Considering the recent regulatory witch hunt on web3, this made a refreshing change, and gave a welcome boost to the Web3 community. Plus, this was the second-most valuable work of generative art ever sold occurring in a downturn market.

Just tell that to Grandma, the next time she asks why you’re wasting money on ‘pictures from the Internet.’

JOIN US ON A “SNEAKER-HUNT”

We’re talking about Epic Games again. This time, it’s thanks to their upcoming collaboration with Nike.

At the time of writing, details are few and far between. (Although the teaser video got us VERY excited.) But rumour has it, Nike have built an NFT-related game using Fortnite Creative 2.0.

Considering Fortnite had 242.9 Million active users in the last 30 days alone, this is likely going to make a real impact to a much wider audience, and bring many first-timers into the Web3 world.

Purely taking into account the cult followings of Nike and Fortnite separately, when it comes to deciding whether to back this project or not, we’d say …

ROLEX (TEMPORARILY) HITS THE BLOCKCHAIN

Want to buy Blockchain assets but don’t have the cash available?

No worries … Why not loan your physical assets and turn them into NFTs or crypto?

Two DeFi initiatives — Arcade and the 4K Protocol — work together to turn physical assets into tokenised NFT’s which can be used to take an NFT backed loan out all on the blockchain.

The main benefit of doing this? Highly competitive interest rates, as the pool of lenders is quite literally the entire crypto community.

Seeing Arcade recently achieved over $100 million in real NFT lending volume, and news of two high-value Rolexes hitting the market this week has certainly opened people’s eyes to the potential for real-world assets in DeFi.

Plus, the physical collectibles market is only growing, with it estimated to reach $1 trillion within 10 years.

☎️ READER REQUESTS

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

“Do you think web3 will be embraced by all ages? How accessible is it?”

All new tech seems a bit rough around the edges at the start, that's because the pioneers are busy fine-tuning the code. Sure, Web3 is still finding its feet, and yes, the tech-speak can make it seem a bit out of reach. 

Remember though, when the internet and email came about, it was all Greek to us, but look how second nature it's become! Web3 will follow the same path, and believe us, it'll catch up fast. 

As for the younger folks, blockchain and decentralised models will become such a seamless part of daily life, they'll be living Web3 without even realising it! 

So, let's embrace this wave of change together, the future's closer than you think.

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…