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want to launch a Moonbirds derivative with me? 😎

CC0 Summer, Instagram's NFT plays, and Robinhood's Crypto Unit on fire (in a bad way)

Author

Lili (QueenBao)
August 05, 2022

GM Baos.

Hey, you here to join the fam? I think you're pretty cute so I'd love to hang out more... ⬇️

Share this article with a friend if you like NFTs, Baos and giveaways! Nothing better than some Bao content on a Friday night am I right? Heh 😅

Today we cover:

  • CC0 Summer coming in hot hot HOT

  • Instagram's Flow NFTs

  • Robinhoods massive list of violations

  • 🆕 Web3 job section!

It’s CC0 Summer Baos ☀️

Crypto Twitter is heating up, and a big player just announced its move to a CC0 public license...

Why is this such a big deal?

As Kevin puts it “CC0 empowers anyone with the ability to creatively remix work for commercial purposes.”

Moving to CC0 relinquishes ownership rights so anyone can now use Moonbirds NFTs for commercial use without attributing the original creator.

It’s in line with web3 fundamentals to empower anyone to ‘build permissionless-ly’ but awkwardly straddles NFTs being heralded as true digital ownership.

Does this question why we own NFTs if we let anyone copyright collections? Some popular opinions suggest we’re giving the right-click-save community some firepower.

The CC0 summer started off with a number of artists and projects like XCOPY, Decagon, Grant Yun, Nouns and Goblins. This has been rather divisive for the NFT community.

Where do you stand? Do you want individual commercial and personal rights or are you celebrating CC0 summer? 🥴

Instagram adds Flow NFTs

Collectors will now be able to showcase verified Flow NFTs! You’ll be able to connect a Dapper or Coinbase wallet to verify ownership to select what you want to display.

It’s sent Flow flying 44% higher. Flow is a blockchain developed by Dapper Labs, also known for projects like NBA Top Shot.

Meta is web3 bullish. Instagram plans to support Solana NFTs while Facebook has been testing support for ETH & Polygon NFTs on profiles since June.

Unfortunately for Meta, the Federal Trade Commission isn’t a fan. Last week, the FTC blocked a $400m+ acquisition of VR fitness app, Supernatural. It isn’t much money for Meta’s $44b cash on hand, but it shows how concerned the FTC is about Meta’s move into the metaverse 🤨

Now that that’s story is done – am I the only person hearing about Flow for the first time or…?

Bear Market & NYC Laws bite at Robinhood

This is after cutting 9% just a couple of months ago.

But no, it doesn’t stop there. Robinhood’s Crypto Unit gets a big fat fine of $30m dollars. It looks like Robinhood didn’t do it’s due diligence because the New York’s Department of Financial Services revealed violations in:

  1. Bank Secrecy Act (BSA)

  2. Anti-Money Laundering (AML)

  3. Cybersecurity Regulation

  4. Money Transmitter Regulation

  5. Transaction Monitoring Regulation

And it wasn’t even their first fine. 💀 This has gotta hurt.

Bao-sized news

Things that made my abs grow ever so stronger

FFC Events

🎮 Blankos Game Night with KangarWu!

Want to join? Download Blankos now.

It’s going to be a fun: play, scream, die, all in good fun!

Blankos is a blockchain game where each Blankos is yours to own. And it’s free to play and get started.

Blankos has also been officially picked up by Epic Games Store! Stay tuned for more announcements 👀

Web3 Jobs

As we do a regular office hours, figured some of our readers might appreciate some job listings to help with job searches!

📓 Join our Resume/Interview Office Hours! Every Wednesday 7PM PT 📓

This week, we touched on:

  • Introduction to Figma and how it helps processes between people better

  • The wonderfulness of Dribbble

  • Frameworks like Flutter and React

  • Learnings on leading multi-dev projects

Psstt - you can catch the full notes of each session in #helpful-job-info.

Thanks for hanging with us this week, make sure to touch grass and share it with us c:

–Lili