⚙️ Unstoppable Switches Gears

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

Cheers!

Richard Patey - @richardpatey

DOMAINS

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:

However, there is still a countersuit in play by the .wallet/ TLD against Unstoppable for damages:

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:

The previous owner stated that the first part of the reason for selling was not wanting to spend time fighting a battle in court:

And the second part being that .sats/ was ‘stuck’ within the centralised entity Namebase (owned by Namecheap).

However, as reported last week, this entity just released a decentralized SLD option at HNS.ID where TLD owners will be able to stake and sell names on the Ethereum network (using Optimism L2) soon.

CRYPTO

With Opensea daily volume down to under $2M per day now, Nifty Nick asks whether NFTs were just sh*tcoins all along:

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.

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MEDIA

I’m thinking about splitting media away from this publication into a new newsletter, working in partnership with someone else.

Would you be interested in a newsletter focussed on what’s working in digital media publishing?

And would you like to see this newsletter go full crypto and web3 domains?

Just hit reply and let me know what you think…

I’ll give away a hat and some pins (seen in the referral reward section at the bottom of this email) to the best responses.

CLASSIFIEDS

Interested in reaching 5K+ subscribers with your message?

(Or know of a brand who could be a good fit?)

Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on digital asset news and what I'm doing personally - consider it informational and for entertainment purposes only. ‘Sponsored By’ means ads provided by the sponsor. ‘Together With’ means native content that I write.toppi