Hey fren 👋

Welcome to the 20th edition of the SHINY digest, a weekly newsletter where we share updates on the Shiny DAO, highlights and meaningful discussions from the Shiny discord and recaps from the live-events.

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• No new announcements this week!

• Axie Infinity's Ronin Bridge has been exploited for 173.6K ETH (which is the equivalent of 25.5 USDC) making it the biggest hack in history. Some of the loot stolen have started to be moved through Tornado Cash. A lot of the big exchanges such as FTX and Crypto.com have mentioned to help Axie Infinity dig into this hack and help them out.

• With the Fewo paint drops open edition as well as the Drift open edition coming soon, @JonathaNFA has some serious (and valid) concerns about this new open edition meta. As @yogetmefam says "If poeople want to buy they can and they (should) know the rules of the game i.e. be in it for the art." The problem, as @ahs comments on is that most people are not in it for the art and this is where the issues come from. You can follow the convo here.
• @Dith started one of the best conversations I've seen in a while in the Shiny discord by trying to understand what went wrong with projects such as Mekaverse, Sevens, Lazy Lions and other projects that had bluechip potential but just faded instead. @Practical Principles followed with an even better response stating that we are now entering in a phase that there has to be *something* behind the NFTs other than just a JPEG. He also believes that NFTs are a technology that is currently finding its use case. @cf also has a good point saying that this critique goes for brands trying to launch a project, but individual artists will still thrive under the speculation/collector model. You can read the whole convo here.

• Moonbirds, Proof's pfp project (by founder Kevin Rose), will be launching on April 16th and a lot of Shiny members are excited for this drop and believe that this will sell out instantly even if it starts at a dutch auction price of 2.5ETH. As @Silverback said: "I faded Proof once, not doing it again." For those who don't know, Proof initially sold at 1ETH and is now sitting at a very nice 69ETH floor in only a couple of months since release. @b13l saying that it "may be the best decision I ever make in web3" and @Ozzy is currently looking to trade his way into one. Obviously NFA and DYOR.
• As announced last week, Shiny had 50 allow lists for the PREMINT collector pass that was dropping this week. As a result, multiple Shiny members including @Ozzy himself decided to mint a pass even if the mint price was 0.25ETH. The floor price is sitting at 0.33ETH now.
• Poolsuite talks has once again taken over the Shiny discord as they recently announced their team expansion through this tweet. A huge Poolsuite sweep followed bringing the floor close to 5ETH, but is now back down to a good 1.8ETH floor. Although not product has been announced, the Shiny community is very hyped for this project. And for those who have not jumped into the pool yet, please read this post by @b13l. NFA and DYOR as always.

• @Ozzy shared a really good tweet thread on $ETH yields.
• @LocalTourist shared @atareh.eth's guide on inheritance and how to make your wealth generational.
• @cf shared a custom desktop background that he uses that serves as a good reminder to ask yourself questions once there is a big price increase on one of your nfts.

• @catty and thirdweb are working with 2 of the biggest esports companies.
• @Choco is currently working on an NFT project that is an official crossover with the Infernal Affaires & The Departed Series.
• @charliew is talking about his Weekend Club at CodeBase today.
• @stringlove🍗 and @wir's Chubbiverse doing a great marketing job, turning the boring act of migrating away from Opensea contracts into an adventure!
• @Practical Principles wrote a great article on getting past Imposter Syndrome.
• @chrisv updated the progress on his new website, which he told us all about on the last Build live session a couple of days ago.
• @JayMac and @tom_hirst's Arkivists NFT project are introducing the team, in the build-up to their public mint today.
• @Pet is preparing to re-brand his Sporting Crypto newsletter and is looking for someone who'd be a good fit as an Art Director/Brand Designer. If you or someone you know would be interested, let @Pet know!