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- 👑Game of Thrones gets NFTfied!
Good Morning, Switchers 🌞
👋Welcome to Switch Daily.
How was your weekend? Hope you made the most of the winter festival! Speaking of winter, did you hear that ‘Winter is coming’ to the NFT world? ❄️❄️❄️
What? Well, Warner Bros. and Nifty's had recently announced a partnership for Game of Thrones digital collectibles. Over the weekend, the team set a hard date for the drop and announced that the GOT-themed collectibles would arrive on 10 January 2023.
What are the collectibles all about? The ‘Game of Thrones: Build Your Realm Hero Box’ collection will include items and avatars from the Northern regions of Westeros. Nifty’s will release 3450 boxes as a presale and more than 1500 boxes after the launch. WOW!
BTW, if you like reading this newsletter, give us a shout-out on Twitter and get your friends to subscribe. It will mean a great deal to us!
Here’s what we’ve got for you today:
Market pulse
BAYC is expanding its universe
News to start the week
Meme of the day
Market pulse 📈
The market is in a holiday mood 🎅🏽
The lack of news or event due to the holiday season kept the crypto market range-bound over the weekend, and trading volumes were also on the lower side. DOGE continued to witness selling pressure and lost 1.54% in the last 24 hrs. Week-on-week, ETH gained the most among the top 10 cryptos and is up by 3.5%. Nasdaq is likely to guide the market in the latter half of the day.
C'mon, aren't you gonna let your friends in on how the market is performing today?
The Trial of Jimmy the Monkey 🐒
No, we didn’t get bored and start writing movie scripts in our newsletter. This is the title of a short film—again, not ours—but from the house of BAYC. Before you start questioning us on why we are talking about films here, let us tell you who BAYC is.
Bored Ape Yacht Club is a private, exclusive membership club for the most elite and discerning apes. If you're tired of the same old banana-fetching, tree-swinging routine, then Bored Ape Yacht Club is the perfect place for you. 😂
LOL, this is what Chat GPT told us. But let’s do the AI debate another day. Here’s what BAYC means:
BAYC, or Bored Ape Yacht Club, is an NFT collection built on the Ethereum network. BAYC art generally features a Bored Ape and gets sold for millions of dollars. BTW, Yuga Labs own the BAYC collection.
Okay, wait, we spoke about short films, NFTs and BAYC. Where’s the connection?
So far, BAYC has managed to be an NFT leader in the Web3 space. But with the new year, the next chapter of BAYC has also begun. They have used a weird, absurd, yet exciting short film, ‘Trial of Jimmy the Monkey’, to launch the next phase of BAYC lore, sparking scepticism and speculation among its fans. Here’s a thread that interestingly decodes the video.
What is the next phase of BAYC?
Yuga Labs has released a new website called MDvMM.xyz to chart its plans for the next phase.
According to the website, there are five steps to the BAYC lore expansion:
The first step to a new chapter was the short film Trial of the Jimmy Monkey itself. They named it the prologue, which was unlocked on 21 Dec 2022.
The next on the roadmap is termed ‘Mysteries Revealed’ and is due for release on 28 Dec 2022. Could it be another film? Or a character reveal? We never know. But here’s when things start to heat up.
The third step is an NFT mint plan. Details about an upcoming BAYC mint will be revealed on Jan 11 2022. Yuga will release a guide on this day for BAYC community members to "strategize" for the upcoming mint.
The actual minting is set to begin on Jan 18 2022, in something called the ‘Multi-week Interactive Mint’.
The fifth step is where the pandora box opens. Yuga Labs will reveal the details of its new mint on Feb 8 2022.
The excitement does not stop here. The final box on the website reads—The story continues. Knowing Yuga Labs and their showmanship, we’re guessing this could only be a start to something big in BAYC’s expansion plans.
How to participate in the mint?
Well, Yuga Labs are being very hush-hush about the whole thing. But they did drop a small clue for its members on Twitter and said that if you wish to participate in the NFT drop, you might want to follow these three sources very closely.
News.yuga.com website
Their Discord and Twitter channels.
With the NFT market slumping big time, this reveal could be a breath of fresh air for NFT collectors. We’re super excited to see what Yuga has to offer to its fans. You?
What else is new?
Defrost Finance, a decentralized leveraged trading platform built on the Avalanche blockchain, has announced that both of its versions — Defrost v1 and Defrost v2 — are under investigation for a hack. The team confirmed that Defrost v2 suffered a Defi flash loan hack for $12 million.
According to Forbes, the crypto industry's bear market and a wave of bankruptcies have drained $116 billion from the pockets of founders and investors in the last nine months. Some big names include Binance’s CEO CZ, Coinbase CEO Brian Armstrong, Ripple’s co-founder Chris Larsen etc.
Bitcoin hashrate fell by 35% in 24 hours as several miners in the United States turned off their machines due to the country's harsh winter storms. On December 24, the hashrate dropped to 156 EH/s, according to BTC.com. The previous 14 days' average hashrate was 237 EH/s.
Meme of the day!
Thank You,
See you later, folks. 👋
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