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For a Week-long NFT Class, a ‘Crypto College’ Instructor has Earned More than $388,000

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Greg Isenberg, a serial entrepreneur, teaches a class on NFTs, but you must first purchase one.

So you’re interested in NFTs but don’t know where to begin? Greg Isenberg, a serial entrepreneur and crypto enthusiast, might have what you’re looking for—and he’s not afraid to pitch it using a little FOMO.

Next week, Isenberg will launch Crypto College, an online course dedicated to teaching the fundamentals of NFTs, DAOs, and tokenized communities. You can only enroll in the course by purchasing a one-of-a-kind NFT from him, and the price of the NFT rises as more seats are sold to pay minting costs. The first 29 people who signed up paid 0.15 ETH; those who signed up from 30 to 50 paid 0.3 ETH. Those who signed up from 51 to 100 paid 0.6 ETH, and so forth. Enrollees in the last tier will have to pay 1.5 ETH per seat, or $7,099.08.

If you’re interested, you should act quickly: Isenberg claims that 153 of the 288 seats have already been claimed, producing 80 ETH ($388,000) thus far. For class-size management, Isenberg claims he limited the number of seats to 288.

Isenberg stands to profit well over $1.3 million at current ETH pricing if Crypto College sells out.

For a week-long streaming course, that’s a pretty good payoff. For instance, four years of Harvard University tuition costs roughly $200,000 each year. But, of course, lodging and board are not included.

“It wasn’t about the money; it was for the community,” Isenberg explains. “That’s always been my guiding star.”

FOMO is a powerful sales weapon

Isenberg, a Web 3 community builder and CEO of Late Checkout, a design studio and fund for community-based companies, is no stranger to new technologies. (The Late Checkout crew personally hand-drew the 288 unique NFT class passes.) He also launched Islands, a chat app, in 2016 and 5by, a video app, in 2012, both of which were bought by WeWork and StumbleUpon, respectively. In addition, Isenberg has served as a consultant for Reddit and TikTok.

On November 15, Crypto College will begin educating people on mint NFTs, design and run tokenized communities, and create DAOs. On Discord, Isenberg is live-streaming the classes. (You can access the server using your NFT ticket.) He claims he chose to live-stream the event to make it more engaging, with breakout sessions to allow students to meet one another.

“You’re going to get hit from all sides by NFTs,” Isenberg says. “It’ll be gaming, it’ll be communities, it’ll be creators making their NFT projects, and it’ll be artists, it’ll be from everywhere,” she says.

Isenberg founded crypto College because he felt there wasn’t enough information available to help individuals navigate building tokenized community projects.

“I believed it was a game-changer and the future when I initially got into NFTs,” he says. “It will give internet communities a boost. It’s difficult to express these concepts, but I’m hoping that this crawl-walk-run structure will be useful.” Whatever the case may be, it will undoubtedly be profitable.

ART & COLLECTABLES

Ford is getting ready to enter the Metaverse with digital cars and NFTs

A month after the company announced significant personnel reductions, it has filed a trademark application covering its future initiatives in the Metaverse and NFT space.

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Ford Motor Company, an American automaker, has filed 19 trademark applications across its key automobile brands as it prepares to enter the realm of nonfungible tokens (NFTs) and the Metaverse.

Mike Kondoudis, a trademark attorney licensed by the United States Patent and Trade Office (USPTO), disclosed in a tweet on Wednesday that the business had submitted a total of 19 trademark applications covering its car brands, including Mustang, Bronco, Lincoln, Explorer, and F-150 Lightning, among others.

The trademark applications include a projected online marketplace for NFTs and virtual versions of its businesses’ automobiles, trucks, vans, SUVs, and clothes.

Ford intends to produce digital images of its vehicles, SUVs, trucks, and vans that will be verified by NFTs, according to USPTO filings submitted by the automaker on September 2.

The business also disclosed plans for “downloadable virtual commodities,” or “computer programs,” that would include apparel, accessories, and parts for vehicles for usage in “online virtual environments,” such as virtual and augmented reality trade exhibitions.

Additionally, there are plans to develop an online marketplace for “others’ digital artwork” as well as “online retail shop services featuring non-fungible tokens (NFTs) and digital collectibles.”

Less than a month after Ford Executive Chairman Bill Ford and CEO Jim Farley announced significant personnel reductions from its global workforce to decrease corporate expenses; Ford has decided to enter the Web3 area.

Ford isn’t the first automaker to enter the Metaverse market.

While premium automakers like Bentley and Lamborghini have already launched NFT collections, automakers including Nissan, Toyota, and Hyundai have indicated ambitions to enter the fast-expanding Metaverse market.

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ART & COLLECTABLES

Crypto-Vultures Profit from the Death of Queen Elizabeth

Only a few hours after the Queen’s passing, more than 40 meme tokens bearing her name have been released.

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Yesterday, according to Buckingham Palace, Her Majesty Queen Elizabeth II passed away. Although her loss triggered a global outpouring of sympathy and grief, it has also been exploited as a money-grab.

Elizabeth II, monarch
Grift endures eternally, but the Queen is gone.

There are over 40 meme coins on Ethereum and the Binance Smart Chain thanks to Queen Elizabeth’s passing (and at least one exploitative NFT collection).

While the news of the British monarch’s demise saddened people worldwide, cryptocurrency scammers took advantage of the occasion to launch dozens of meme coins with Queen themes on Ethereum and Binance’s BNB Chain.

Among the new crypto coins that were introduced are “Queen Elizabeth Inu,” “Queen Doge,” “God Save The Queen,” “London Bridge Is Down,” “Queen Grow,” “Rip Queen Elizabeth,” “Elizabeth II,” and “Queen Inu II.” Other tokens with the name of the next king, King Charles III, have also appeared. According to DexScreener, at least 40 separate meme coins appear to have been produced in the previous six hours.

The most liquid tokens, Save The Queen and Queen Elizabeth Inu, have already processed trade volumes of around $700,000 and $200,000 since their debut. At the time of writing, the price of Queen Elizabeth Inu is up 1,517%, while it has increased by 23,271% on Binance Smart Chain and 3,708% on Uniswap. Prices are incredibly unstable and exceedingly unlikely to persist.

The “Queen Elizabeth 69 Years NFT” NFT set has reportedly been produced. One image is said to represent each year of the Queen’s reign in the collection. The project’s aims should be questioned because Elizabeth II reigned for 70 years, not 69.

The crypto community, typically known for its gallows humor, mainly reacted negatively to the initiatives. When told about the NFT collection, NFT aficionado ThreadGuy said, “You’re going to hell.” Trader Byzantine General declared, “We’ve got to stop this crypto stuff.”

In 1926, Queen Elizabeth was born. She was the longest-reigning British monarch in history and passed away in Balmoral Castle at 96.

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ART & COLLECTABLES

One crypto sector, according to billionaire Chamath Palihapitiya, is experiencing a classic bubble cycle

One crypto sector may be going through a typical hype cycle, according to billionaire investor and software entrepreneur Chamath Palihapitiya.

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In a new episode of the All-In podcast, the CEO of Social Capital discusses the sharp decline in trading volume in the non-fungible token (NFT) market.

Palihapitiya offers Coachella and Burning Man as examples of major music festivals that strive to be distinctive but may wind up being mostly the same.

The billionaire contrasts NFTs and the overall art market with the two music events.

“I do believe that there is something going on; the simplest way to explain this is with the Burning Man/Coachella scenario. Many of these things are similar, but when some people approach anything new, they are too insecure to accept that it is similar to another item, so they spend a lot of time attempting to convince you that it is different. When someone says that a time is different, it’s probably not that different, as stated in the Warren Buffett quote, is an example. Or consider the other famous historical adage, “Things don’t always repeat in history, but they rhyme.”

All of this is meant to imply that, aside from major advances in science, not much new has been discovered recently. We keep repeating the same patterns, and one of them is the social capital that comes from making certain decisions and then having those decisions validated by others in order to feel valuable. And this occurred in NFTs, as well as, I’m sure, in the initial stages of several artistic movements. These events are more comparable than dissimilar because they have presumably occurred in a number of other markets as well.

Burning man and Coachella are same. The art market and NFTs are both the same. It doesn’t need to be unusual; you can simply appreciate it because you think it’s cool. I would just take it with a grain of salt and tell anyone who comes to you asking why it’s so different.

DappRadar reports that earlier last week, trading volume on popular NFT marketplace OpenSea reached a one-year low.

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