☕️ Starbucks' NFTs have a PROBLEM

Namaste, this is the doodhwala. The ETH Denver of crypto newsletters.

We got smart takes, great alpha, sweaty dudes, and A LOT of cringe. 🤷‍♂️

We are cringe maxis. 😎

Today's big stories are ALL about the cringest thing in Web3 – NFTs.

Two different NFT projects

– one 💩 launch by a HUGE company

– one 🔥 launch of a WELL-known person. 

Here's what's on the plate:

• ☕️ Starbucks' NFTs have a PROBLEM

• 🔥 Vitalik drops an NFT collection?

• 📈 TRON Legacy

• 🛠 Web3 Companies Of The Future

• 🍼 Messi’s Web3 BET

TGIF, amirite? 🤣

☕️ Starbucks' NFTs have a PROBLEM

What’s something at Starbucks that costs $100 and but doesn’t taste like coffee at all?

Starbucks coffee. ❌

Starbucks’ NFTs. ✅

And they’re going crazy. 🚀

Yesterday, Starbucks dropped its 1st EVER limited edition NFTs, part of its Odyssey program.

Back up for a bit – what’s Starbucks Odyssey? For starters, it’s not another boring Shakespeare book.

As You Like It? Nope. As I Didn’t Like It. Thank you very much.

After dropping 4 NFT collections for – 🎟️ points – Starbucks launched its first collection for —💰 cash and 🪙 crypto.

They dropped the “The Starbucks Siren Collection” with:

• mint price of $100

• supply of 2,000 NFTs

• limited to 2 NFTs per person

For those who didn’t know (like me lol), Siren is Starbucks’ mascot.

The one that’s on the logo and every Starbucks drink that always has my name spelled incorrectly (wtf is dudewhale?!? It’s doodhwala!).

This is how the NFT looks 👇

Oh shit did I just RIGHT CLICK + SAVE the NFT? Sorry, Joe Rogan. 🤣

This NFT was put on sale at 3 pm EST on March 9 (1:30 am IST on March 10) at:

💰 mint → $100

💰 avg. sale → $450

💰 current floor → $350

It’s already reached over $110k (Rs 90 lakh) in volume on Nifty Gateway.

That’s a 350% return in less than 12 hours 😭 that’s better than most shitcoin pumps and dumps.

Yeah, Starbucks has – BIG MONEY + BAD COFFEE – and their NFTs on Polygon are going crazy but we’re waiting for something more.

When we wrote about Starbucks’ NFTs a month ago, we said Starbucks should:

• roll this out globally

• improve earning programs

• give out better NFT utilities

None of these ☝️ have happened yet.

Instead, Starbucks just dropped another NFT collection made $200k (on just the minting), and said “That’s All, please have a seat. We’ll make your coffee, scream your name incorrectly, and you can pick it up. Thanks.”

Bruh, come on?

The rewards for Starbucks’ Odyssey still remain:

• virtual classes

• access to merch

• trip to a Starbucks coffee farm

BUT NO FREE COFFEE 🤣

That should literally be the whole point of a rewards program run by a coffee-chain! 

Doodhwala’s take:

Starbucks’ Odyssey program [right now] is simple – a way to sell digital tokens to people who’ll buy them and then resell them.

But with no [useful] utility.

I guess that makes them like most NFTs out there. 🙃

🏏 Fantazy: Web2 Gaming Gets “smart”

Games are boring.

Like seriously Crushing Candies? Cutting fruits? Collecting jewels?

🥱

Who are we? Auto-drivers at a traffic stop waiting for the signal to turn green? 🟢

✋

That’s why, we’re playing fun games on the blockchain. Games like Fantazy, a fantasy sports game that rewards users in $MATIC.

Nope, Fantazy is not a game where I drink a LITRE of 🍊 Fanta + go crazy 🤪

**Fantazy is putting the FAN and the EASY in Fantasy. 😉**

The cool thing about Fantazy is that it’s built on the blockchain. So, every run, every win and every reward works on a smart contract.

Fantazy is:

• Fair and transparent

• Quick web3 wallet creation

• With no Token requirement

Fantazy is giving away 1 MATIC to new users when they sign up. Use this to play 2 free games.

🤯 An NFT collection is going CRAZY! Thanks to Vitalik

What happens when the messiah, the lanky prince of crypto, Vitalik Buterin is associated with an NFT project?

IT GOES BALLISTIC. 🔥

But by associated, we mean “indirectly” associated.

And by indirectly, we mean REALLY indirectly.

He didn’t even talk about the project. He probably didn’t know at all? 😅

So what’s going on?

An NFT collection was dropped to celebrate an academic paper about Quadratic Funding in which Vitalik was 1 of the 5 co-authors.

The name of the collection is “Gitcoin Presents” and this is how it looks 👇

Yeah, this is how nerds celebrate. With NFTs. 🥲

This was an open-edition NFT dropped by Gitcoin and an NFT company called Metalabel. 😎

Gitcoin is an organization that uses the idea of Quadratic Funding to give out grants to important projects and individuals. (Hence the name)

Wtf is Quadratic Funding even? 🤨

Okay, how “ballistic” did this project go?

Here are some initial mint numbers

• Total NFTs mints → 9221

• Mint price → 0.05 ETH ($71)

• Total raised→ ~$715k

Then the NFTs went to secondary markets like OpenSea and Blur. 😅

• Floor price → 0.5 ETH ($715)

• Top Sale → 52 ETH (~$74,000 🤯)

Almost 65% of these NFTs were traded on Blur over OpenSea because of their upcoming Season 2 airdrop.

And people wanted to be eligible for that. 😎

There was also a limited edition version of this NFT where only 12 of them were available.

And what was so special about these? 🤨

It was signed by the authors themselves, including our boy Vitalik.

Kinda a hit music record signed by the artists. 🔥

They’ll soon be signing it on people’s chests and butts as well. 🤷‍♂️

Overall, this was a great way to celebrate a very vital innovation in crypto which is Quadratic funding.

It also helps to know that most of the money raised from this project will be given out as grants as well. 👏

But it's now clear, anything remotely associated with Vitalik will blow up. 😅

Oh btw, thanks for reading Vitalik's favourite newsletter. 🥛

📈 Chaach and Charts: TRON Legacy

TRON is back trending again!

No, we are not talking about the awesome 2010 film. (we do miss that 🥲)

We are talking about TRON the blockchain.

According to Token Terminal, TRON is the current king of Daily Active Users! 👑

1️⃣ Tron → 1.5 million users

2️⃣ BNB Chain → 1.1 million users

3️⃣ Bitcoin → 700.5k users

Yup, Bitcoin has also overtaken Ethereum and has almost 2x the number of DAUs. 🤯

All thanks to the craze around everyone’s “favourite” kinda NFTs— Bitcoin NFTs. 🤷‍♂️

But how long will Tron + Bitcoin stay on top? 🤨

(REPLY and let us know 👇)

🛠 Resourcewala: Companies Of The Future  

DeFi is a life changer. ❤️

It has changed the lives of so many individuals (including me!)

I am a better human being because of DeFi. 🥺

I am more aware, thoughtful, and giving because of it. (THANK YOU DEFI 😭)

But the kind touch of DeFi is not relegated to individuals.

It can affect companies too and today’s resource is all about that:

• How do you start a company?

• A distributed anonymous company

• Testing the company

• Creating liquidity

Let DeFi change you and your company. Embrace the DeFi touch. 🔥

🍼 Doodhshots: Messi’s Web3 BET

• 🤖 GPT Token: An AI-focused L2 blockchain called CryptoGPT using zero-knowledge proofs is launching a token.

• 🙏 Can I be excused?: Tonight show host Jimmy Fallon’s lawyers put in a request to excuse him from testifying in a BAYC trademark dispute.

• 🏹 3AC are BACK: Kyle Davies and Su Zhu’s latest venture bet – CoinFlex is rebranding to Open Exchange where they will trade company’s bankruptcy claims.

• ⚽️ Messi in Web3: Lionel Messi’s venture capital firm Play Time backs Matchday, a web3 gaming startup in a collective $21 million seed round.

• 🎧 PLAY-list → NFT-list: Web3 music platform Audius is implementing an NFT gating feature for artist’s exclusive drops.

🤣 Milky Meme Of The Day

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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.