📦 Merged. What does this mean for the metaverse? | Weekly Parcel Delivery

September 17, 2022

The Front Page of the Metaverse 📰

📰 What's News?

🌎 World News

⛘ The Merge is done. Nothing like a smooth ride up from the brutal vertigo that kicked off the markets this week. The norm in crypto is unfortunately, that something always goes wrong...but the merge was as smooth as the head of Drake's doppelganger.

▪️ETH is now 99.9% more energy efficient.

▪️A moment of silence for the ETH miners in the world. PoW might be dead, but at least you don't owe Vitalik $7.5 million in funeral costs.

📦 What does this mean for the future of the metaverse? This was a trick question! As historically significant the merge was, it doesn't mean much for us 🤷. We're free to sit back, enjoy the ride, and feel smug about how Ethereum is now reducing global energy consumption by 0.2%.

🗺️ (Real) World News

💰$4 trillion: The estimated value of China's metaverse-related economy (according to JPMorgan).

▪️Most of this projection is driven by an anticipated conversion of offline consumption across physical goods and services. More consumer activity = more internet time = more internet shopping.

▪️Estimated a tripling of their online-gaming market from $44 billion to $131 billion.

🇪🇺 The EU is taking digital strides with metaverse regulations. The state of DeFi in the last few months has proved that crypto without some type of regulation is just ngmi 😟. Market commissioner Thierry Breton announced the EU's plans for leveraging the metaverse as a "new form of virtual space," and steering it away from the trap of becoming a lawless "wild west." The regulation project is is scheduled to launch in 2023.

📦 The world regulation isn't kindly received in crypto. I suppose that's the underlying ethos of the revolution — escape the wrath of institutions. Although in this case, it's worth recognizing the EU's regulations is calling for mandatory interoperability standards with measures against monopolies. It's the thought that counts, no?

🛍️ Brand New World

🫘 Starbuck's move to web3 is looking 2D. They recently announced their partnership with Polygon for Starbucks Odyssey, their blockchain loyalty program.

▪️Why Polygon? → Higher throughput, low transaction fees, and eco-friendly.

▪️They're merely integrating their existing loyalty program with a new dapp. No wallet creation required. ⭐ Gold star for UX!

▪️The NFTs, a.k.a. "journey stamps," are able to be redeemed for IRL experiences.

📦 A mega purveyor of one of the most loved beverages on the planet making a move like this? We're keen as a bean. With over 25 million members, we'd be more than happy with even 25% of that number entering web3.

Are you on the Odyssey waitlist yet?

🎨 Creator Spotlight (Buildathon Ed.)

Builder: bioma

Background: Architect

Category: Meeting Space

Entry Name: Studio 646

Q: Describe your conceptual process

A: This project is born from the idea of providing creatives multiple spaces to display their art, or host reunions. As art studios irl, they’re usually white cubes one next to each other in never-ending hallways and complex grids. These cubes are not white, and the general grid is straight forward, but pathways and stairs will get you lost and the opportunity to find hidden treasures.

Q: What’s an aspect of your build that might go unnoticed by the untrained eye?

A: Circulations. Each floor is a maze in itself. I can assure you can access every single one of the 144 cubes.

Q: Favorite part of the Buildathon?

A: The openness of the call. It could be ANYTHING!...sometimes I would have so many ideas and then not enough time, or struggle with thinking what would be better liked by the judges, or fit better DCL, etc.

More links 👇

📈 Market Movements

7-day token changes

⬇️ $ETH -13%

⬇️ $APE +2%

⬇️ $MANA -6%

⬇️ $SAND -6%

⬇️ $AXS -9%%

⬇️ $ENJ -6%

⬇️ $WILD -5%

Prices as of September 16, 1:15pm ET.

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The above references opinions and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.