Happy Friday!

Remember, remember, that tomorrow’s the 5th of November. That’s Guy Fawkes Day. Like from V from Vendetta?

So, put on your cringey Anonymous mask, it’s time to blow up Parliament. 💥

Espresso Shots

☕️ Kraken Launches Gasless Marketplace ❌⛽️

Kraken, the crypto exchange, not to be confused with the dark rum or the tentacled sea monster that eats boats, has launched a new NFT marketplace today.

Kraken is currently the sixth largest cryptocurrency exchange and will be entering a hotly contested market of… other NFT marketplaces, with Opensea still dominating the space.

Kraken has created several incentives to drive traffic to their new marketplace, namely gasless exchanges. Without the gas fees, Kraken’s market place will be deeply attractive to the cost-conscious NFT trader.

We think this all sounds pretty good because soon, the oceans will dry up and we’ll all have to become Mad Max-style road warriors to fend off mutants. When gas and water become currency, gas is going to be a lot harder to find.

So, all things considered, a gasless market would be pretty convenient.

☕️ Square Enix Unveils First NFT Game 🕹 🎮

Videogame titan, Square Enix, the company behind Final Fantasy, Tomb Raider, and Kingdom Hearts, has unveiled their first Web3 game.

Symbiogenesis, will be the Japanese game company’s first entry into the space.

Symbiogenesis, described as a “digital collectible art experience,” is based around NFTs, which function in the game and can be used as profile pictures.

The game will feature a mystery, which players will have to solve with their NFT avatars. The gameplay will consist of a web-based narrative experience and the plot, still vague at this time, is centered around, “questions of the monopolization and distribution of resources.”

“Questions of the monopolization and distribution of resources,” are also considered to be the leading cause of every conflict ever.

☕️ Massive Layoffs at Dapper Labs 🧪 📉

Dapper Labs, creator of NBA Top Shot, has laid off 22% of its workforce. 

NBA Top Shot is a digital trading platform that allows users to buy, sell, and trade NFTs based around basketball highlights.

Dapper Labs are also the minds behind the significantly less popular NFL All Day, which functions much the same but with, you guessed it, football highlights.

Crypto winter has covered everything in a light, destructive layer of frost and with digital assets plummeting and trading significantly down across all platforms, Dapper Labs had no choice but to downsize.

Vancouver-based Dapper Lab had 600 employees before the layoffs. Experts predict they will now have less.

Several employees were already witnessed leaving Dapper Labs wearing ascots, petticoats, and looking positively… dandy.

Spilling the Beans

Facebook! It’s not just for ruining your mom’s brain anymore! 🧠

It’s Creator Week at Meta and that means a host of new announcements!

Among those new updates, Meta has announced that Facebook and Instagram users will be able to show off their NFTs on the popular social media platforms.

Meta’s new development is, um, totally different from the NFT Tweet Tile profile pictures available on Twitter, because if you post NFT content to Facebook or Instagram, that post will shimmer.

That’s right, shimmer. We’re not entirely sure what that’s going to look like, but we’re picturing somewhere between Edward Cullen from Twilight and a mirage in the desert. That level of shimmering.

In a further update, Meta will be rolling out a full creator toolkit to allow users to create, display and trade their NFTs all within the Facebook ecosystem. This will initially launch to a select group of creators before the features rollout to everyone.

The NFT announcement was accompanied by another huge update in the social media space, Meta is rolling out subscriptions for all Instagram creators.

Instagram subscriptions were introduced last January for “top talent” on Instagram in an effort to keep their most popular users from jumping ship to Youtube or TikTok.

With the new subscription model, creators with over 10,000 followers are able to charge between $0.99 and $99.99 a month.

Followers paying the creator-controlled fee will have access to subscriber-only live streams and stories. Followers opting into the subscription plan will also receive a badge, so that the content-creators can easily identify their paid subscribers.

This sycophantic system reminds me of when my mom would make me put my house keys on a lanyard in high school. It made the keys harder to lose and, like the Instagram badge, made it easier for the older kids to identify me as a virgin.

Meme of the Day

Not looking so dapper now!

Sorry, I know people lost their jobs.

The Last Sip

For today's last sip we did something a little different!

We imagined what historical figures would think about crypto. Here are their responses:

Have a wonderful weekend and, as always, stay caffeinated,

Coffee & Crypto Team

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.