Ornella Hernandez

<div id="highlights-block_62ab5f236b98c" class="highlights">
        <ul>
                <li>BAYC had the largest increase in floor price in the past 24 hours, peaking at 86.85 ETH, and led the way yesterday in terms of most volume at 2,763 ETH</li>
                <li>Gmoney’s Admit One collection and Doodles followed BAYC in floor price increase at 11.5 ETH and 11 ETH, respectively</li>
            </ul>
    
</div>



<h3 class="wp-block-heading"><strong>Jack Dorsey is building “Web5”</strong></h3>



<p>Jack Dorsey’s Block Inc., formerly Square, is looking to skip from Web3 straight to Web5, a supposed new vision for a decentralized internet. Developed by TBD, the Bitcoin arm at Block, Web5 is built solely on the Bitcoin blockchain.</p>



<p>According to a slide deck tweeted out by the company, the platform focuses on identity management and securing personal data. TBD said the main issue with the current web is that users “are given accounts by companies and their data is held captive in app silos.”&nbsp;</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">this will likely be our most important contribution to the internet. proud of the team. <a href="https://twitter.com/hashtag/web5?src=hash&amp;ref_src=twsrc%5Etfw">#web5</a><br><br>(RIP web3 VCs 🤫)<a href="https://t.co/vYlVqDyGE3">https://t.co/vYlVqDyGE3</a> <a href="https://t.co/eP2cAoaRTH">https://t.co/eP2cAoaRTH</a></p>&mdash; jack (@jack) <a href="https://twitter.com/jack/status/1535314738078486533?ref_src=twsrc%5Etfw">June 10, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>The Web5 concept has been mocked by industry members active in Web3, calling it a cynical attempt to piggyback on the success of existing smart contract platforms but with a Bitcoin maximalist slant.</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">shocking number of people not getting that that web5 is making fun of web3</p>&mdash; Neeraj K. Agrawal (@NeerajKA) <a href="https://twitter.com/NeerajKA/status/1535634052044185601?ref_src=twsrc%5Etfw">June 11, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<p>Last week Dorsey and Jay-Z announced the launch of <a href="https://techcrunch.com/2022/06/09/jay-z-jack-dorsey-bitcoin-academy-marcy-public-housing/" target="_blank" rel="noreferrer noopener">Bitcoin Academy</a> to teach crypto to residents of Marcy Houses, a public housing complex in Brooklyn, the New York City borough where the hip-hop artist grew up. A crypto kids camp is also slated to take place, through which participants will receive a token amount of bitcoin (BTC).&nbsp;&nbsp;</p>



<p>The duo last year invested $24 million to start ₿trust, a fund to help bitcoin development in Africa and India.</p>



<h3 class="wp-block-heading"><strong>Goblintown team doxxes itself</strong></h3>



<p>The team behind one of the most recently hyped NFT projects, Goblintown, <a href="https://twitter.com/goblintownwtf/status/1536755431971987457?s=20&amp;t=0mb4WqMRz0QxVcQZ9cLgSQ">revealed</a> their identity on Tuesday via a video on Twitter. The group, Truth Labs, operates two other projects: IlluminatiNFT and The 187. When the news broke, the IlluminatiNFT collection pumped 200% to a peak floor price of 0.67 ether (ETH).</p>



<p>In the almost four-minute video, the founders said they’ve “come to a point where we feel it would be irresponsible” if they didn’t doxx themselves. Goblins has no roadmap, no Discord server, nor any utility and instead acts as a form of group therapy and comedic relief, they said.</p>



<p>The remaining 1,000 Goblins are set aside for the members of the IlluminatiNFT and The 187 projects, the team announced. And Goblins holders can expect merch to drop during the upcoming NFT.NYC.&nbsp;</p>



<p>Avid NFT collector Andrew Wang reacted to the news:</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">goblintown founders doxxed and turns out they&#39;re the guys from my nba fantasy league. only in web3</p>&mdash; andrew wang (@andr3w) <a href="https://twitter.com/andr3w/status/1536759428074053637?ref_src=twsrc%5Etfw">June 14, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h3 class="wp-block-heading"><strong>Seth Green buys back his Bored Ape</strong></h3>



<p>Actor Seth Green confirmed during a Twitter Spaces session with BuzzFeed News that his stolen Bored Ape Yacht Club (BAYC) NFT “is home.”</p>



<p>After four of Green’s BAYC NFTs (non-fungible tokens) were taken in a phishing scam and sold off, Green <a href="https://www.buzzfeednews.com/article/sarahemerson/seth-green-bored-ape-nft-returned" target="_blank" rel="noreferrer noopener">paid</a> 165 ETH, nearly $300,000 at the time, to get BAYC #8398 back.</p>



<p>BAYC’s license states that the NFT holder owns full usage rights, which sparked a debate over who owns those commercial rights in the case of theft.</p>



<p>The Bored Ape in question was intended to star in &#8220;White Horse Tavern,&#8221; a new television series that Green is producing. The production was put on hiatus due to copyright concerns. Green named the avatar Fred Simian and <a href="https://twitter.com/Fred_Simian?s=20&amp;t=tYHifEromH8c3_GG9ximVw" target="_blank" rel="noreferrer noopener">runs</a> its Twitter account.&nbsp;</p>



<h3 class="wp-block-heading"><strong>Gamestop Wallet x WAGMI Games&nbsp;</strong></h3>



<p>GameStop chose WAGMI Games to be its first wallet integration since launching in May. The blockchain-based gaming publisher’s first release, titled “WAGMI Defense,” is a humans vs. aliens SciFi game for desktop and mobile devices.</p>



<p>Currently in beta for Genesis NFT holders only, the play-to-earn game is the first blockchain game that allows players to connect either their Metamask or GameStop Wallet via browser extension.&nbsp;</p>



<p>Ian Bentley, the chief executive officer of WAGMI Games, stated in a Medium post that to have mass adoption from traditional gamers, “You can’t be a ‘crypto game.’ The blockchain element has to be behind the scenes, and with no financial volatility risk to the gamer.”</p>



<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"><div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="550" data-dnt="true"><p lang="en" dir="ltr">WAGMI Defense is thrilled to integrate the <a href="https://twitter.com/GameStopNFT?ref_src=twsrc%5Etfw">@GameStopNFT</a> Wallet into our Tower Defense Game.<br><br>Power to the Players!!!<br><br>Check it out @ <a href="https://t.co/rdNP7WcSW3">https://t.co/rdNP7WcSW3</a>. Click the &#39;PLAY NOW&#39; button to view our BETA marketplace (on desktop).<br><br>Download the GME Wallet: <a href="https://t.co/YuA2BKblGI">https://t.co/YuA2BKblGI</a> <a href="https://t.co/5XjKICdp1a">pic.twitter.com/5XjKICdp1a</a></p>&mdash; WAGMI Games | Tower Defense Game (@WagmiGameCo) <a href="https://twitter.com/WagmiGameCo/status/1535245143212793857?ref_src=twsrc%5Etfw">June 10, 2022</a></blockquote><script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
</div></figure>



<h3 class="wp-block-heading"><strong>Web3 funding rolls in despite bear market</strong></h3>



<ol class="wp-block-list"><li>SKNUPS <a href="https://www.businesswire.com/news/home/20220607005674/en/Digital-Fashion-Platform-SKNUPS-Signs-Worldwide-Gaming-Partnership-With-Dolce-Gabbana">raised</a> $3.5 million for blockchain game collectibles and unveiled a partnership with Italian fashion house Dolce &amp; Gabbana. The pre-seed round involved Redrice Ventures, Blue Wire Capital and Adelpha, among others. SKNUPS is a digital collectibles platform for metaverse streetwear and beauty brands.&nbsp;</li><li>Venture capital firm True Global Ventures 4 Plus (TGV4 Plus) <a href="https://www.tgv4plus.com/tgv4-closes-new-us146m-follow-on-fund.html" target="_blank" rel="noreferrer noopener">closed</a> a $146 million funding round, part of its new Follow On Fund. Led by a group of 15 general partners who committed a total of $62 million, investments will go into Web3 companies within TGV’s portfolio and other late-stage Web3 projects.</li><li>Digital asset exchange Huobi Global’s launched a new investment arm, Ivy Blocks, to deploy over $1 billion in cryptoassets under management into decentralized finance (DeFi) and Web3 projects in their seed or growing stages. An incubator and research service will also be part of Ivy Blocks.&nbsp;</li></ol>



<hr class="wp-block-separator has-alpha-channel-opacity"/>



<p><strong>Get the news in your inbox. Explore Blockworks newsletters:</strong></p>



<ul class="wp-block-list">
<li><a href="https://blockworks.co/newsletter/thebreakdown"><strong>The Breakdown</strong></a>: Decoding crypto and the markets. Daily.</li>



<li><a href="https://blockworks.co/newsletter/empire"><strong>Empire</strong></a>: Crypto news and analysis to start your day.</li>



<li><a href="https://blockworks.co/newsletter/forwardguidance"><strong>Forward Guidance</strong></a>: The intersection of crypto, macro and policy.</li>



<li><a href="https://blockworks.co/newsletter/0xresearch"><strong>0xResearch</strong></a>: Alpha directly in your inbox.</li>



<li><a href="https://blockworks.co/newsletter/lightspeed"><strong>Lightspeed</strong></a>: All things Solana.</li>



<li><a href="https://blockworks.co/newsletter/thedrop"><strong>The Drop</strong></a>: Apps, games, memes and more.</li>



<li><a href="https://blockworks.co/newsletter/supplyshock"><strong>Supply Shock</strong></a>: Bitcoin, bitcoin, bitcoin.</li>
</ul>
