Hi MAJR Readers, here is a little sneak peek of the upcoming collection. I hope you like it! :)
To find out how the contest works, read till the end of a newsletter.
Market Updates
In Q4 of 2022, Ethereum had the highest average NFT transaction size of $464, followed by Polygon with $61, BNB Chain with $55, and Solana with $23.
An Ordinal Punk (Bitcoin NFT) was recently traded for a CryptoPunk worth $100k+.
It’s estimated that hackers stole $3.8B from crypto users & companies last year.
Yesterday Super Puma - an NFT collection by Puma, sold out.
Interesting Articles
Polygon Labs Cuts 20% of Workforce, Almost 100 Jobs
Polygon Labs, an Ethereum scaling platform, has cut 20% of its workforce, affecting about 100 positions mostly in the US, Canada, and India.
MATIC, Polygon's native token, was down over 5% on the day at $1.42.
Polygon's treasury balance remains healthy, with over $250 million and more than 1.9 billion MATIC.
Company co-founder Sandeep Nailwal plans to address community doubts on Wednesday's weekly Community call on Discord.
Ex-Binance M&A Chief Seeks $100 Million for Crypto VC Fund
Bill Qian, former Binance executive, is seeking over $100 million for a crypto VC fund focused on web3 startups.
VC investment in crypto fell to the lowest in almost two years in Q4 2021 due to market volatility.
Cypher Capital, Qian's firm, prioritizes projects that bring more internet and social media users into the web3 world.
Qian plans to approach Asian technology tycoons for funding, but declined to disclose whether the fund has received commitments.
Dubai and the UAE are becoming hotbeds for crypto as other jurisdictions tighten regulations on the industry.
The PROOF of Conference has been canceled.
The PROOF of Conference, an NFT event scheduled for May in Los Angeles, has been canceled.
Proof Collective CEO Kevin Rose cited lack of interest as the reason for the cancellation.
Tickets for the event cost 1.5 ETH ($2,500) for the general public and .75 ETH
($1,255) for Moonbird owners. Refunds in ETH will be issued.Proof Collective is known for its highly capitalized collection of 10,000 pixelated owl NFTs.
MAJR Updates
MAJR Creators Genesis Collection Rules
3 weekly contests (Beta).
1 week = 1 contest
The top 3 creators with the most votes each week are the winners.
Winners will need to authenticate their YouTube channel to their wallet and mint at least 1 MAJR ID membership before being able to claim their winnings.
Creator ETH Winnings are generated from the following:
Creator ID mints
Creator ID royalties
The members who voted will be paid weekly in ETH and XPS determined by the ETH generated from MAJR ID mints and the XP earned from using the extension.
This is a beta launch since we want to test the extension, prevent possible bugs, and smooth the onboarding experience before reaching out to the broader masses.