Web3 Watch: New NFTs from Lamborghini and Ledger, Fox To Air First Blockchain-based Show

Blockworks Exclusive: New kid on the block Raelic is an NFT minting mobile app that aspires to be Instagram’s new rival

article-image

Source: DALL·E

share

key takeaways

  • Krapopolis to be first blockchain-based animated series on broadcast television
  • Moonbirds’ floor price has dropped 20%, from 18 ETH to 14 ETH in the past week since its move to a CC0 public license

This week, Nas Academy partnered with Invisible College and its NFT project Decentralien to token-gate online courses focused on Web3

In funding news, Andreesen Horowitz (a16z) invested $6 million into Web3 startup Halliday, while NFT (non-fungible token) distribution platform Pinata raised $21.5 million in funding rounds led by Greylock, Pantera and Offline Ventures.

Blockworks recaps other notable stories that caught the eyes of the Web3 Watch.

Top Drops of the Week:

“Krap Chickens” NFTs

“Community” and “Rick and Morty” creator Dan Harmon is behind Krapopolis, a new NFT-powered animated comedy show, produced in partnership with Fox Entertainment’s Web3 media and creative technology arm, Blockchain Creative Labs. 

Krapolopolis is set in mythical ancient Greece and tells the story of a dysfunctional family of humans, gods and monsters. Scott Greenberg, CEO of Blockchain Creative Labs, told Blockworks that Krapopolis is the first animated series premiering on broadcast television to use blockchain technology “at the heart of the process.” 

The NFT marketplace Rarible is powering Krapopolis’ own custom NFT marketplace for the Krap community to buy, sell and trade Krap Chicken NFTs, launching on Aug. 11 in tandem with the Krap Chickens NFT drop. 

“Through the show, we’re inviting animation fans and creators to connect more closely with the series, with Dan and with each other, opening up a new and innovative entry point for viewers into Web3,” Greenberg said.

The Krap Chickens will give collectors access to exclusive content and private screenings, meet-and-greets with cast and producers. Holders are granted show voting rights, enabling fans to give feedback in real time.

Lamborghini’s “Epic Road Trip”

With its third and latest NFT collection, Lamborghini promises to take collectors on an epic road trip “to the moon and beyond.” 

The Italian sports car manufacturer will drop a series of four NFTs throughout one week each month for the next eight months. The NFTs are available for only 24 hours and sold over four consecutive days. The first three NFTs of each month are unlimited, while the fourth will come with a supply cap.

There’s a puzzle: Holders of the unlimited mints can reveal a silver puzzle piece each month; collectors with all 4 NFTs will reveal the gold puzzle piece. 

At the end of the journey, ending March 2023, those who have completed the puzzle will unlock a hidden NFT — a bid to ensure long-term commitment to the project.

Loading Tweet..

[ Ledger ] Market x BRICK 

Hardware wallet manufacturer Ledger recently launched its NFT distribution platform called [LEDGER] Market, or [L] Market for short, and its Genesis Pass NFTs topped OpenSea sales charts in its first 24 hours.

Its second collection, BRICK NFTs, dropped this week in partnership with Brick, a physical Los Angeles-based music venue by night and community-run space by day. It was founded by Lee Spielman and Garrett Stevenson, members of the band Trash Talk and creators of the streetwear brand Babylon LA.

BRICK NFT holders will get voting rights on programming and free access to the space, which plans to host live concerts, comedy shows, music lessons with major artists and even crypto workshops from Ledger. For members not in LA, Brick will buy land in the metaverse and stream concerts and classes. Digital merch and tour posters may also be airdropped.

Loading Tweet..

This type of NFT-based membership, that token-gates artistic and educational platforms, is becoming increasingly popular.

Web3 app spotlight: Raelic

Pictures may be worth a thousand words, but according to Andrea Castiglione, the founder of venture capital and advisory firm Silent Unicorn, they are also temporary.

That’s why Castiglione, alongside co-founder ex-pro footballer Alessandro Del Piero, created Raelic (pronounced relic) — a peer-to-peer NFT-based social networking mobile app. Think Instagram meets Patreon. 

Raelic

Raelic users can mint photos or videos as tradeable NFTs in the app for a gas fee and post them to a scrollable feed reminiscent of Instagram’s user interface. NFTs can be minted on Ethereum, Klaytn, Polygon or Binance Smart Chain.

Blockworks participated in an early access app test and spoke to Castiglione to learn more about Raelic’s ambitions.

Blockworks: Tell me about some of the pain points of Web2 that you are trying to tackle through Raelic.

Castiglione: First of all, it’s always been very difficult to interact with decentralized applications and for people to understand that they need to install a browser plugin. Then they have to put some money on that plugin. And to do that, you have to get an exchange account on Coinbase or Binance or any other exchange, and load it. Then you can use the dapp [decentralized app]. That’s only step one. Everything is very web based and it’s not very mobile friendly.

And the ability for people to produce content from their phone was what enabled the internet to explode, and TikTok and Instagram. So you need a social layer that allows people to easily create from their phone. But in order to be true to Web3, it needs to be noncustodial.

Another big issue was the disconnect between existing social networks like Twitter, Instagram or TikTok where people discover NFTs and particular communities. Then they have to go to OpenSea or LooksRare to buy it. After they go to Discord, full of scammy little bots, to talk with other people within the same collection. So you go to three platforms to do something that you can do on a mobile phone.

Blockworks: So Raelic is like a one-stop shop. Can you give me some examples of unique use cases?

Castiglione: I don’t think we have really tapped into the creator economy yet. For example, photo reporting. Take a picture, mint the moment, block the moment, and then write the story  underneath in the description. You could sell that to the local newspaper or outlet later. 

Or let’s say you’re a busker in London. You’re always singing and you used to post to your Instagram account, but people that go to your Instagram can only follow you. Now you can go to a social media account [Raelic] where you start building your followers who can also buy a video of that song that you sang beautifully.

Blockworks: Is Raelic considered a decentralized social media (DeSoc) platform?

Castiglione: I would say it’s a hybrid because we are a centralized service, it’s a brand. But every interaction is peer-to-peer. So you buy and sell completely peer-to-peer. We don’t get any info of that transaction and we don’t take any fees. You can create on the blockchain with complete autonomy and things are completely noncustodial.

But the governance right now is in our hands. So it’s a centralized service provider that is creating tools that are noncustodial and true to Web3. Going forward maybe one day we will decentralize the ownership with a governance token or DAO [decentralized autonomous organization]. 

But we’re taking it one step at a time. So today we ask — How do we bring the next billion people into the world of Web3 in such a way that they can create content that they actually own and can interact with people?


Don’t miss the next big story – join our free daily newsletter.

Tags

Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

Mon - Wed, March 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience: Attend expert-led panel discussions and fireside chats Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts.

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Top Icon.png

Research

Osmosis thrived in H2 2023 on the back of increased DeFi activity deriving from recently launched Cosmos-related projects and better market conditions. With new value accrual mechanisms for the native token, Osmosis is well-positioned to continue its strong performance in 2024.

/

article-image

Though the opposing flow trend is likely to slow over time, industry watchers note, bitcoin fund assets could one day eclipse the $90 billion gold ETF space

article-image

Celestia had the first mover advantage. EigenDA has staked ether. What sets Avail apart?

article-image

Bitcoin moved 1% higher Monday morning in New York, Matrixport analysts say $62,000 could happen next month

article-image

It’s hard to believe right now that crypto — even with all of its flexibility and massive capabilities — could ever be like cash on the internet

article-image

Michael Saylor announced Monday morning that MicroStrategy bought 3k more bitcoin after the X account was compromised over the weekend

article-image

Plus, Pudgy Penguins grows its brand and a group of Autoglyphs sell for $14.5 million