The One Ring Worth $2.6M 🤯
Featuring a $2.6M physical sale, The First Mint Media Pass, a fortunate NHL sequel, and Joe Biden's laser eyes.
My god man.
Did you know that Magic Cards were still a thing?
And not just a thing - but that there was a recent insert for a “one ring” card, fashioned after Lord of the Rings?
I had no idea. I have not touched a Magic Card since 1997 when I was twelve and used to play in tournaments in the basements of local comic book stores (and get annihilated LOL).
Well anyway, just last month a man in Toronto pulled this “ring” and promptly graded it for an estimated $2.6M value.
Low and behold, this past week former BAYC-promoter Post Malone bought it from this man for the estimated amount. And he did so in person!
$2,600,000.00
In a bear market. Even for a physical, that is wild.
I would love for this to happen in NFTs, whether on the current collections or in the future. And I would want it to happen slowly, as in an NFT gets hidden away in a pack for years until someone finally pulls it.
The scarcity maxis (like me) would bitch and moan about it, but the idea that there could be a 1/1 unique hiding somewhere is enticing - and would make for a legend that grows the longer it goes unfound.
Maybe one day.
In the meantime, let’s get onto all the stories from this past week.
Here is what’s on tap:
🧊 FREE Top Shot Parody NFTs | 30 seconds
Our good friend Big Soulja went ahead and made some comical Top Shot Parody NFTs, and they are all free to mint (+gas) on Manifold.
🎮 Claim Amazon’s First NFT | 60 seconds
You’ll need to sign into Amazon, and connect your “Mojo” account which is the game provider they are working with. Yes, this is a gaming NFT.
🕹️ Register for Yuga’s New Game | 2 minutes
Yuga Labs, makers of Bored Ape Yacht Club and a bunch of games, are launching a new one titled “Wreck League”. You’ll need to KYC to register.
https://twitter.com/big__soulja/status/1687207052731633668?s=46&t=qUQspvKST9garZGsHuB9bA
🎁 TFM Launches Media Pass Season 1
Alright, you did get an email about this just a few days ago.
But it’s our biggest homegrown project in years, so needless to say we are very very excited about it.
Although the blog below gives some of the details, more will be revealed in the coming weeks as we approach the kick off for MPS1 on August 23rd (it’s a live stream FYI).
I also sat down on Friday morning with our Discord community to give them a more personal look into our thinking for MPS1, a session that was beautiful summarized by our good friend Jumpshoot.
Read the full blog below and look for an update the week of August 14th.
🏒 The NHL Drop Actually Worked!
After a total flop on the first try, NHL Breakaway were successful in their second attempt this past week and sold the first 750 packs of their collection.
I was able to grab 3x packs - although I had to grab them on “re-sale”, which is where some of the initial orders timed out, and packs went back on sale.
Still, lots of people got em and thats what matters!
👛 Sorare Launches Cash Wallet
In a long-anticipated move, Sorare finally released their “Cash Wallet” this week, which will allow users to buy/sell/trade in fiat.
Although this will be a month-long rollout, it’s great to see a staple of the space finally take that next step in making it easy to onboard to their product.
Of note: users wanting to use the Cash Wallet will need to KYC, which may in some abstract way cut down on multi accounting (which there very likely is tons of on Sorare, since you’ve only needed an email address so far to play).
Top Shot Prepares To Release the Final Series 1 Moments
Just kidding. Not all of them.
But next week the platform will be releasing some pretty juicy Series 1 packs in exchange for 40x trade tickets each.
The drop is Tuesday August 8th at 8pm ET.
😴 Joe Biden Throws Up The Laser Eyes
Although he announced his candidacy for 2024 a few months back, Joe Biden made it clear this past week with a very strange video.
Yes, his mug says 2024.
Yes, his mug features a photo of himself with laser eyes, which is the emblem of the devout bitcoin crowd.
Yes, this video is cringe as hell.
This is a wild one man. Is it me or do the Giants always have solid catchers?
**This is not financial advice. Nothing in this newsletter, podcast, or publication should be considered financial or trading advice of any kind. Please do your own thorough research and make your own trading decisions. This is not advice.”
About The First Mint
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