We put out a short guide to help non-technical folk understand Smart Contracts! Creator Advocate Mike Merrill offers an easy way to understand what is happening with smart contracts by just thinking about them as computer programs. Of course, these are always-on programs running on a world wide decentralized computer so they are super powerful. Come learn about smart contracts and a we’ll even give you a bit of a history lesson. We apologize in advance for the bad pun at the end. 🙂
Who’s On A Roll
Speaking of smart contracts, a new milestone was reached as 10M ether (ETH) is now locked on Ethereum’s Eth 2.0 staking contract. Eth 2.0 is Ethereum network’s shift to a proof-of-stake mechanism to address the high fees and slow performance of the current proof-of-work design.
Meanwhile, big news on the NFT side of things! Yuga Labs, creators of the Bored Ape Yacht Club, has announced it is acquiring CryptoPunks and Meebits from Larva Labs. While the total value of the transaction was not disclosed it did involve the acquisition of 423 CryptoPunks and 1,711 Meebits. Artnet compares this to Delta Airlines buying American Airlines and Southwest Air.
This comes after many reports about prices for digital collectibles falling. Financial Times points out that while nearly $41bn has been spent on NFTs the average selling price has dropped more than 48% since the November peak. That drop in price could have been exactly the opportunity Yuga Labs was looking for.
And if you haven’t read the New York Times’ article about FWB it’s an interesting look at the biggest “social club” DAO which has become a model for many organizations in how they’ve bridged the physical and digital space.
Social Token Governance
👀This section covers everything that has to do with DAOS, from new launches to governance proposals to any DAO-related news.
An exciting update and mission statement from the Cercle ⭕️ DAO as they announce they are working to build a decentralized business school as a way to ensure we stay in the driver’s seat of the ownership economy. The Cercle ⭕️ DAO will do this by innovating around the idea of “Knowledge Mining” and using the social token $CIRCL to incentivize participation in a collective knowledge base. This is a great opportunity for anyone interested in learning about the venture capital industry and how that will intersect with web3. You can join the Cercle ⭕️ DAO Discord here.
In other DAO news the failed presidential and New York City mayoral candidate Andrew Yang is architecting his comeback with a new DAO designed to direct money to political causes. Without listing any issues or causes it remains to be seen what his Lobby3 DAO will be able to accomplish. As he splashes his name on the rising DAO trend here’s hoping it’s more successful than his previous political attempts. 🤞
Brand New $DOLLIE
Long time NFT artist and trader, music artist, content creator, metaverse builder, and blockchain gamer Dollie Daddy launched $DOLLIE, his new social token. The social token will initially be airdropped to holders of his Gen 1 Dollie NFTs and become a part of the larger Dollieverse.
You can learn more about the story of Dollies here, and read the $DOLLIE litepaper here.
$PCC NFT airdrop
Performante Community announced that it will airdrop NFTs to all its members that have accumulated a-yet-undisclosed amount of $PCC. The NFTs will be limited in nature with only 250 being created and there were hints of utility that has “infinite value”.
$DRESG curated mixtape
Music artist Dresage was so inspired by her community during “Creative February” that she decided to create a curated mixtape with songs created by her community. The mixtape will be uploaded on Soundcloud and be available to all $DRESG holders, new and old, on Discord. Make sure to follow Dresage on Twitter and join the $DRESG Discord to stay up to date for when the mixtape comes out.
Martians on $MARTE concludes.
The “Martians on Marte” Marble Cards arena has concluded and it’s time for the $MARTE and $MEM rewards to go out to the winning participants. Ten people received 150 $MARTE and 150 $MEM each for the cards they marbled, while 3 lucky winners will also receive an original NFT in addition to their token rewards.
Watch This / Listen Up
Many of our social token creators have worked with Mike Merrill on the launch and development of their communities, but did you know he is also the world’s first publicly traded person? His TED talk about living his life with shareholders has a lot of overlap with running a community of token holders.
Community Board & Social Money Calendar
March 18 @ 2p EST / 11a PST – Art x $WHALE / Jose Ramos
Join the $WHALE community as they celebrate this wonderful place called Earth, as captured through the lens of photographer Jose Ramos.
Get your community’s events featured on the Social Money Calendar. Tell us! 📩