- Digital Asset Investor
- ⚙️ Unstoppable Switches Gears
⚙️ Unstoppable Switches Gears
Unstoppable Domains drops legal case, and NFT market volume reaches new lows
Hey there 👋,
In this week’s newsletter:
Unstoppable Domains no longer suing, now buying out domain collisions
NFT market volume reaches new lows
Should I split media from this newsletter and go full send crypto
Richard Patey - @richardpatey
Unstoppable domains posted yesterday that they have given up on their case against the Handshake .wallet/ TLD, with .hey/ tweeting that decentralization is the true unstoppable force:
#UnstoppableDomains didn't have a case. This was a frivolous lawsuit to silence the #HNS community.
Newsflash: It Won't Work!
Decentralization (@HNS) is truly unstoppable and will trump centralized domains (@unstoppableweb)
— Hey TX 👋🤠 (@Hey__tx)
Sep 12, 2023
However, there is still a countersuit in play by the .wallet/ TLD against Unstoppable for damages:
#UnstoppableDomains stops its lawsuit against the owner of the $HNS .wallet TLD after burning $1M in legal fees. Stopping things, that's what they're good at! But it seems like they won't get away that easy. The countersuit against UD is still ongoing 🍿
— ape.c (@apedotc)
Sep 12, 2023
And Michael Michelini just published a video stating that the .wallet/ TLD owner, who was personally named in the lawsuit, will likely now restart selling names:
However, a win for Unstoppable was with the recent acquisition of the .sats/ Handshake TLD:
Unstoppable has acquired the .sats TLD, previously owned by @dotsats, to ensure that no collisions exist for .sats on #ordinals.
Thanks to @dotsats and @satsnames for your help in making this happen.
.sats registrations will be available soon on the Unstoppable website!
— unstoppable.x (@unstoppableweb)
Sep 7, 2023
The previous owner stated that the first part of the reason for selling was not wanting to spend time fighting a battle in court:
I no longer own .sats
1. I have no desire to spend any energy, time, or money fighting court battles
2. .sats does not reflect handshake's mission:
- .sats is in centralised namebase
- owned by centralised namecheap
- names are in centralised registrar's
— dotsats (@dotsats)
Sep 8, 2023
And the second part being that .sats/ was ‘stuck’ within the centralised entity Namebase (owned by Namecheap).
With Opensea daily volume down to under $2M per day now, Nifty Nick asks whether NFTs were just sh*tcoins all along:
Were NFTs just the ICO/sh*tcoin equivalent all along?
asks @allnick on @niftyportal
"Soon enough we're going to be making more money from sponsorship sales than sales in the market!"
— patey.hns (@RichardPatey)
Sep 13, 2023
At the peak of the ‘21 bull run, which popped in early 2022 for NFTs, Opensea was doing volume north of $100M a day. Now it’s not even a billion dollar GMV business:
We really, truly, are in the desperation phase of the market cycle.
First Disruption to Smartphones Since iPhone🤳
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Mode saw 150x revenue growth from 2019 to 2022, a leap that has made them one of America’s fastest growing companies. Mode is on a mission to disrupt the entire industry with their "EarnPhone," a budget smartphone that’s helped consumers earn and save $150M+ for activities like listening to music, playing games, and ... even charging their devices?!
Over 11,000 investors already acquired shares — and with only days remaining prior to their bonus tier closing, allocations are limited.
*Disclosure: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobile’s Regulation CF Offering.
I’m thinking about splitting media away from this publication into a new newsletter, working in partnership with someone else.
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