Doodles v2 (Thread)

Doodles is coming in hot with new updates alongside the v2! Dooplicators usage finally revealed! New board member and much more!

This new update brings in a collection of millions compared to the original limited 10k NFTs, intending to be “mass-market, identity-focused NFT”.

Team unveiled potential use case for #Dooplicators in #NFTNYC: duplicate wearables from Genesis Boxes and traits from “OG” collection. This is not only the first usage from the free claimable NFT exclusive to holders, but will have “perpetual utility”.

Following #NFTNYC, doodlers that reserved Genesis Boxes in-person can receive a set of wearable NFT (skins) for Doodles 2. More Genesis Boxes will be available in an “online bucket auction” per discord announcement.

On-site price had been fixed at $123, whilst online auction will start at $123.

Bucket auction will be available throughout this week with more details landing in tomorrow!

https://twitter.com/doodles/status/1541192703710355456?s=20&t=1Mf79SU-ftbdamLsNdNAAA

Be patient on the wait as you’ll be able to unbox your Genesis Boxes in Q3 2022!

Doodles 2 brings in @Pharrell as a board member and new Chief Branding Officer.

The new update raised a round led by @alexisohanian (co-founder of Reddit) from his @776fund. Alongside the ro2Zund, co-founder @katelin_cruse will join the board members.

There is not much information yet on which blockchain will Doodles 2 be, but team ensures that changing appearances in the new update will be gasless.

EXAMPLE BLOCKFI THREAD

Blockfi Thread

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Some say that BlockFi will undergo a liquidity crisis by the end of 2022 as they have lost a substantial amount of money.

(source: @otteroooo)

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On June 16, 2000 BTC & 5000 ETH flow out from the BlockFi wallet, just in a day alone.

https://twitter.com/BigTimeCali/status/1537424371672723459

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Now, let’s recall about 3AC’s fallout

Three Arrow Capital - HUGE crypto hedge fund that blew up over the past few weeks.

It is known that people who lent their funds to 3AC is impossible to get their money back and 3AC’s co-founder has admitted insolvency. AC is basically borrowing funds from firms like CeFi Lenders and gambling on the market and when the bets go wrong, the hedge fund can’t repay their loans.

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Lend and gamble business model only works when the bet is right, when it’s wrong, things can go upside down.

Here is where BlockFi comes in response on having any exposure to 3AC:

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Based on their response, @otteroooo was guessing that BlockFi has lent user’s funds to 3AC and are unable to get it back.

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A user named @NFTherder leaked a document on June 20, 2022 claiming that @BlockFi does indicate they are in a negative net position of approximately $285 million.

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Out of the $285 million, $221 million was lost during the massive 2021 bull run when BTC railed up to $69k. So if the docs are accurate, BlockFi might go down like Celsius.

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Just this year, BlockFi failed to register the offers and sales of the retail crypto lending products, then got charged by the SEC etc.

Point here is, the settlement for SEC was $100,000,000.

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On June 15, 2022 BlockFi cleared another settlement payment of $943,000 to lowa but people find it interesting because they are paying this amount in instalment. You only pay instalment when you have no money in hand a.k.a liquidity crisis.

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After having their funds stuck in GBTC, not being able to recall their loans to 3AC and losing $100m to settle with SEC in 2022 alone, makes people want to withdraw their funds asap.

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Fret not, @BlockFi signed a term sheet with @FTX_Official to secure a $250 million revolving credit facility. SBF came to save the day…

https://twitter.com/SBF_FTX/status/1539268631095152642

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What do you think of this move? Would SBF consider doing the same for Celsius?