$DOOD will launch with a supply of 10,000,000,000 on Solana, with a future bridge to Base.
68% will be allocated to the community.
full breakdown below ↓
Heads up foxes, just noticed an account called @foxypotion that appears to be trying to impersonate a @FamousFoxFed account. There are a few foxes following it, it’s likely setting up for a scam airdrop, please be aware and do not click any links. Keep spirit amigos 🟠🙏
Hey gm, pls like + RT to help us correct misinformation!
You do NOT need to click save and exit in order to receive your $ME allocation on TGE day (12/10).
You will be able to claim the tokens in the mobile app regardless.
Sad to see one of the largest validators on Solana and a major exchange driving the fight for regulation come out and publicly lie about “blockchain issues” when the blockchain is working flawlessly and their web2 infra isn’t keeping up and it doesn’t suit their agenda to fix it
FYI last week when I checked the Coinbase 02 validator was earning over $100m per annum in validator revenue. Yes. Over $100m.
Our new TMI feature is live and it now allows you to resize your NFTs in bulk!✨
The Famous Foxes’ Token Management Interface or TMI now enables you to bulk use the resizing feature with NFTs that have claimable rent, using a convenient built-in filter. 🟠
This feature costs 3% of the reclaimed rent but the fee is 100% waived for staked Famous Fox or FFF holders and 25% off per staked Transdimensional Foxes, up to 4 TFFs for 100% off fees 🦊
I confronted SEC Chair Gary Gensler with a deceptively simple question: Is a Yankee ticket a security?
Mr. Gensler claims that NFTs are securities. I see no legal difference between a Yankee ticket that offers access to a Yankee game and an NFT that offers access to an animated web series (as in the case of Stoner Cats). Mr. Gensler is misclassifying collectibles, art, and tickets as securities.
Startups die for one reason only, they run out of money. It’s that simple. Avoid running out of money and it will never die.
Large term leases and obligations == debt. That awesome shiny office for $50/mo for 3 years is debt, that 3 year datacenter deal is debt. Be really really really paranoid about signing any long term contracts. If 20% of your spend is contractual, it can kill you.
Large teams kill runways. Each person needs to be justified by profit or revenue. If you have 18 months of runway, 6-12 months you will need to raise or be profitable to survive.
If in 6 months you aren’t profitable, you will need to cut by 33% to extend runway to 18. At month 9 that’s 50%. Leases, and contracts can’t be cut.
So if 20% of your spend is contractual at month 6 you are cutting 50% of the team. At month 9, it’s 70%, or you are basically on your last shot on goal.
The SEC is gaslighting the crypto industry.
The SEC: “We're abandoning the term ‘crypto asset security’ to avoid confusion in court.”
Also the SEC: *uses it in a tweet the same day to warn about scams.*
Foxes, you can now open up to 10 mission chests in a single roll ✨✨✨
Last few minutes before this week’s mission sets sail! Prep your skulk and our partner collection for this week, @SolanaMBS and hurry to the mission page now!🟠🫡
OpenSea has received a Wells notice from the SEC threatening to sue us because they believe NFTs on our platform are securities.
We're shocked the SEC would make such a sweeping move against creators and artists. But we're ready to stand up and fight.
Cryptocurrencies have long been in the crosshairs of the SEC, and companies like @coinbase, @Uniswap, @RobinhoodApp, @krakenfx, and @Consensys have been fighting against the SEC's single-track approach of "regulation by enforcement."
But this is a move into uncharted territory. By targeting NFTs, the SEC would stifle innovation on an even broader scale: hundreds of thousands of online artists and creatives are at risk, and many do not have the resources to defend themselves.
NFTs are fundamentally creative goods: art, collectibles, video game items, domain names, event tickets, and more.
We should not regulate digital art in the same way we regulate collateralized debt obligations.
As we've built OpenSea, we've heard so many stories about the impact of NFTs on people’s lives, including:
• Student artists finding full-time careers in selling their digital art
• Indie game developers instantly enabling open markets for their in-game items, without having to build marketplaces from scratch
• Passionate collectors from different corners of the world joining new communities, all centered around shared digital ownership
It would be a terrible outcome if creators stopped making digital art because of regulatory saber-rattling. Take, for example, the suit filed against the SEC by the musician @songadaymann and conceptual artist @brianlfrye, which describes their fear that the sale of their art and music could be deemed unregistered securities offerings.
In addition to standing our own ground, we're pledging $5M to help cover legal fees for NFT creators and devs that receive a Wells notice. Every creator, big or small, should be able to innovate without fear.
I hope the SEC will come to its senses sooner rather than later, and that they'll listen with an open mind.
Until then, we'll stand up and fight for our industry.
Onwards 🌊⛵️