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  • 🖼 Flipkart flips Nothing and NFTs surprise everyone…again

🖼 Flipkart flips Nothing and NFTs surprise everyone…again

Vanakkam degens! This is Doodhwala, the crypto newsletter for you, your mom, your dad, your chaacha, your chaachi, your daadu, your daadi and everybody else. Just not your bade paapa. You know how that relationship be. 😬

Alright, our horoscope looks great today. Let’s go:

  • An NFT bull market during a bear market

  • FLIPKART is flipping NFTs for Nothing

  • Some healthy Doodh shots

  • Tweet shots of the day

Oh yeah, we’re stacked!

An NFT sunshine during Crypto Winter

Over the last few months, all of us crypto bhais and behens have been down real bad.

The crypto markets have forced us to make some serious cutbacks.

Like switching to one-by-two chai from our usual French Triple Chocolate Double Espresso Vanilla Latte Venti!

This downturn was mainly caused because of Terra LUNA crash and the whole Celsius & BlockFi debacle. Urgh, don’t remind me!

But it's not all hopeless.

One thing in crypto has been doing quite well and that is…NFT.

According to the data from the on-chain analysis firm, Nansen, NFTs seem to be in kind of a bull market.

Here are some interesting data from the analysis:

  • 10k+ new wallets bought their first NFT on Ethereum every day

  • Ethereum is near ATH (2700+) for the amount of NFT projects with 10+ sales a week.

  • Weekly transaction activity on secondary marketplaces like OpenSea (mainly Ethereum) and Magic Eden (only Solana) have been increasing

This is honestly pretty surprising. Almost hard to believe.

But as we say around here at Doodhwala…the chain don't lie. (Yes, Shakira lied. 💃)

Sure, you could argue that the activity is mainly from wallet bots built to get the free NFT mints. But the secondary market activity kinda nullifies that.

Regardless of all that, this is a great sign.

NFT summer may not be around the corner but it does make us hopeful while we wait.

Just like we are waiting for the next Rajnikanth movie.

Doodhwala’s Take: NFTs….Nahi Fatega.

FLIPKART is flipping NFTs for Nothing

Tbh, we’re surprised not a lot of news peeps are making a big deal outta this. It’s like throwing away perfectly good doodh just because it’s a few days away from expiry!

Pish-posh, we’re all about checking labels, and making the best use of still-fresh doodh.

Ever heard of Flipkart? Yeah, that website you look at to compare Amazon prices.

They’re launching NFTs with Nothing, a consumer-tech company founded by the same dude that started OnePlus, or cheaper iPhones as we call them.

Nothing makes phones, with the whole minimalist vibe. Noice!

But just making a phone isn’t enough. You have to make people feel like they’re part of something bigger.

So, they’re trying to leverage web3 to — build a community!

The way they’re doing that is through community NFTs called — DOTs.

Honestly, I found their landing page pretty whack.

Here’s what it says:

We are all Nothing. Dots in the huge improbable scheme of everything. But let these seemingly small, insignificant dots connect. Then something begins. New is imagined. Belief becomes real. Community rules.

Yeah, I don’t get it either. 🤷‍♂️

But they’re into NFTs. I get that. I dig that!

And they’re partnering with Flipkart to launch Nothing Community Dots NFTs on Flipkart’s web3 platform — FireDrops.

Oh, and the community dots NFTs are hosted on apna very own Sandeep bhai’s Polygon.

Now, Flipkart will airdrop these NFTs to users who pre-book the Nothing phone.

The community dot NFTs will give users access to future Nothing products and offline events. So, merch and exclusive access, noice again!

The cool thing is in order to receive the NFTs, users have to create a nothing account (web2, boring) but connect their crypto wallets (web3, yaay)!

So, there is some onboarding into web3 for the mobile phone audience.

Doodhwala’s take: This is a big deal! Nothing launching an NFT can be seen as a marketing gimmick (most NFT launches are…) but with crypto-wallet integration and exclusive access, they’re doing things right.

And Flipkart’s integration with their 10 crores MAUs will give Indians direct access to NFTs!

This is soo cool! It makes me want to drink TWO lassis today instead of one, wtf!

Doodh Shots:

Shabaash Mithu is all set to have an NFT launch

Celisus’ balance sheet cheedh is bigger than we thought, ouchie!

CeFi leader CZ scoffs stocks and is all on on web3, hmm ironic?

Ripple Labs’ founder dumps ALL his XRP holding, should you?

Is Tradfi running away from crypto? Avalanche doesn’t think so…

Tweetshot of that day:

That’s all for today folks! See you tomorrow!

Oh and beeteedubs, we’ve got the doodhwala.eth ENS name. So, for all the many many people who wanted it, you can kiss our tall doodh glasses. Jk jk. Get your Ethereum domain here.