🎫 $100k to enter a BAYC restaurant

Gm, this is the doodhwala. The only crypto newsletter that’s as entertaining and exciting as Daler Mehndi’s Tunak Tunak Tun (you’re singing it in your head, aren’t you?)

Here’s what we’ve got for you today:

• $100k to enter a BAYC restaurant

• Marketplace WARs Intensifies

• Still Fresh doodh: Crypto Call of Duty is HERE!

• Milky Meme of the Day

$100k to enter a BAYC restaurant

Bored Ape Yacht Club now has a club.

Wait, I thought they were already a club. Isn’t it in the name Bored-Ape-Yacht-CLUB?!

Yes, they’re already a club.

But now they have a real club in London, like one that you can try walking into, before the bouncer throws you out. Like every club in Gurgaon! 😢

But if they don’t throw you out (and if you don’t have a BAYC NFT worth 66ETH), you gotta pay $100K (Rs 81 lakh) to enter.

That’s right the club has a membership worth $100k. Here’s what you can get for that money in IND:

• A blockchain dev for a month

• A 100sq ft apartment in Mumbai

• A cab ride to and from the Bangalore airport

But let’s say, you spend the $100k to get into the BAYC club, either the NFT club or the one in London. Is it worth it?

Well, it depends on what your definition of “worth” is.

If it's getting a safe 12% annual return — the answer is a hell nah!

If it's investing in a risky asset that can 2x (or drop 60%) — the answer is idk bruh!

But if it’s investing in something cool that can give you 2 things nothing else can give you then you’re prolly onto something G!

Here’s what the BAYC holders at the 100k club get that no one else does:

(this extends to several NFT clubs tho)

1️⃣ Exclusive drops

BAYC holders get access to a bunch of cool stuff beyond holding a doped-out and very weird-looking digital monkey like these:

Holders of the monkey NFTs got access to:

• $APE airdrop worth ~$700 million (Rs 5,700 crore)

• Mint Otherside metaverse land worth $6k (Rs 5 lakh)

• Buy cool stuff like BAYC physical art, merch, and even beef burgers (sorry Yogi Ji) 🙏

And the people at the London club were all in on the future potential of BAYC.

Many of them dished out $100k+ on the NFT because they think it’ll give them access to future airdrops, metaverse entries, and other NFT mints.

2️⃣ Meet cool people

BAYC NFTs are owned by some of the coolest people in the world.

Even cooler than THAT INSTAGRAM influencer that keeps showing up on Reels. Yeah, you know the one.

Here are the people who own a BAYC:

• Eminem (if Glow and Lovely sponsored a rapper)

• Neymar (that guy who plays with Messi and Mbappe)

• Mark Cuban (the Ashneer Grover of SharkTank America)

None of 👆 were at the London club, because why would they be?

But some other cool people were there.

Like this guy, he is the only CryptoPunk rapper alive, I didn’t check so I guess I believe him.

But seriously, check out his rap. It’s straight 🔥!

And this duo, who own an Arcade Game studio named after the BAYC collection.

Doodhwala’s take: NFT collections like BAYC are outta reach for regular people, esp if they have a club with a $100k membership.

But the concept of claimable rewards and community that comes with an NFT collection is dope.

Just hope there’s one I can afford. 🥲

The ONLY reason to travel to Whitefield

We get there’s no reason to go travel to Whitefield.

Except one 👉 Metamorphosis 2022.

It’s a conclave, conference, exhibition, amusement arcade, and a party, depending on the time and the room you’re in.

But it's all web3 and crypto! Register here 👇

NFT Marketplace Mahayudh Intensifies

Remember the NFT Marketplace mahayudh we were talking about a few days back?

The one that features the likes of:

• LooksRare

• X2Y2

• Magic Eden

Now, the current king of marketplaces has just entered the battle with a HUGE statement.

Wtf is going on? 🤨

The debate over creator loyalties has been intensifying in the past weeks.

Most marketplaces are either removing creator royalties or making it not mandatory to pay on their platforms.

Why are they doing this? 😭

This is to, basically, reduce the overall fees a marketplace user pays and subsequently increase the number of users on their platforms.

So what does the king (i.e OpenSea) have to say? 👑

OpenSea currently dominates 66% of the entire NFT marketplace landscape.

So they certainly have a huge say in this debate.

And they basically came out and said…all y’all better PAY UP! 🔥

OpenSea is in FULL support of creator royalties.

They not only want people to pay but they will make sure it is enforced for others as well. 👏

Wait…what??

OpenSea will create a tool to help NFT creators enforce royalties.

Creators can also blacklist marketplaces that aren’t in support of creator royalties.

At least on the surface.

Their all-out support of creators will help them onboard more NFT creators and collections on their marketplace.

They are actually following through on whatever their stance is…unlike certain politicians we know. 😒

Doodhwala’s Take:

It certainly seems like OpenSea is taking the more Swami Vivekananda (i.e NOBLER) stance. At least on the surface.

Their all-out support of creators will help them onboard more NFT creators and collections on their marketplace.

This in turn will also make them bring their respective communities to trade on OpenSea.

So OpenSea gets both, creator trust AND more users? Damn. 🤯

But will it truly be a straight WIN-WIN situation?

That…we’ll have to wait and watch. 😉

Still Fresh doodh: Crypto Call of Duty is HERE!

Our doodh is like Shah Rukh Khan, it doesn’t age.

In case you missed out because of your bizzeee bizzeee week, check out these taaza and unfunny news from ⏮ week:

✍️ Have you played crypto call of duty? You should, you might even win an NFT.

✍️ Last week was Halloween and there was a blockchain ghost running around!

✍️ DYK this is Bitcoin’s third logo since it was created. Check out the first 2 logos here!

🎫 We’re heading to Metamorphosis 2022, and we might even give away some free tickets. Wanna know how to win? Check out our Twitter.

Milky Meme Of The Day

If you want more doodh then, be sure to follow our Twitter (@DoodhwalaDaily)

That’s all for today bhaiyo aur bheno! Naale Sigona!

Aakash "Dahi Cheeni" Athawasya & Arvind "Doodh Peda" Krishna

Yo! Our legal and financial advisors (aka our good ol’ conscience) have asked us to add this boring disclaimer.

None of what you read here is financial advice. We aren’t here to get you to buy or sell a crypto. We’re only here to tell you what’s up in crypto today and make you laugh. So, if you screwed up on a trade, that’s on you G. Stay safe in the markets.