Thanks for joining me in another issue of Web3 Wednesday. Let’s kick off this edition with a discussion on D.Buzz with founders 
If you haven’t read Web3 Social: How Creators Are Changing the World Wide Web (And You Can Too!), give it a go. This book opens the lid on Web3 social media platforms and protocols, discussing the whys and the wheretofors of this up-and-coming segment of social media without bashing legacy social media platforms like Facebook and Twitter (although I do point out some issues with those platforms). The book has a 5.0 Amazon rating and has achieved No. 1 New Release in several categories.
And if you haven’t seen my NFTs on Cent Pages, do check them out! Most of them are free to collect.
Without further ado, here’s what’s going on in Web3 this week ….
What’s Going On in Web3 This Week
Ethereum’s NFT marketplace surpasses $1 billion in volume.
Yuga Labs debuts NFT on the Bitcoin blockchain. Ordinals could become a gamechanger in the NFT market.
Forefront is selling advertising for its Web3-focused newsletter. I find this interesting because one of the major talking points for Web3 is leaving behind advertising. I get that organizations must make money, but is there anything that runs against Web3 culture more than ad-based sponsorships? Personally, I don’t blame them. It’s hard to earn revenue without sponsorships. The problem with advertising on Web2 platforms is two-fold: first, advertisers typically want to direct or demand some input on content and editorial POV; and secondly, they usually see themselves as buying influence on the platform that leads to gaining access to user personal information for marketing purposes. As long as Forefront can steer from those two pitfalls, sponsorships in and of themselves aren’t a problem.
Orange Comet raises $7 million in equity. CEO says they want to be the Disney of Web3. And they’re not Mickey Mousing around.
Zora, the NFT marketplace protocol, has removed creator fees. This has become a trend. The NFT wars have begun. Let the artists fight to the death—or enjoy some pea soup in peace.
Unity makes its foray into Web3.
Meet Adimverse, the Web3 platform that is innovating modern storytelling. Disclosure: I was paid to write this piece, but I’m also an active member and participant of Adimverse. They truly are doing something different.
Should consumer tokens look like Web2 incentive programs? I’d argue that they already do.
A judge says it may be plausible that NFTs are securities.
Game7 uses soul-bound tokens to discourage freeloaders. This is a brilliant idea. A DAO can be sabotaged by non-participants with voting rights just by issuing membership tokens for signing into Discord. Tokens give members voting rights, but who wants lurkers and loafers giving their input into life-giving decisions for the entire organization when those minimum participants are there only for the cupcakes? Typically, every new crypto project attracts people who want the free handout only to sell tokens later after the price has been driven upward by eager true believers. Soul-bound tokens solve that problem by tracking user behavior and incentivizing active participation.
One lawyer says NFTs still have taxable value if they exist in dead wallets. He advocates donating them to museums. Now, there’s an idea!
Diversity and inclusiveness have arrived in the metaverse. Rather than fight about whether diversity should be added to the metaverse after it has taken over the world, some designers want to build diversity into the metaverse before it takes root.
The 6 phases of Web3 product-market fit.
FactorDAO releases staking service.
Japan wants to expand its economic zone through the metaverse. Someday, we may see democracies in the real world operate primarily through metaverse worlds.
From the Hive Blockchain
I Saw This On Cent Pages
Cent Pages is hosting a community chat to show off its new Collect Button. I like Cent Pages, but I fear it may end up following Coil into historic obscurity.
@CherylFox has a few Butterfly Kisses.
From Publish0x
Congratulations to 
Drake Flyer shares 7 stupid ways to lose your bitcoin.
Snark and commentary are in italics. Inclusion of an item doesn’t mean I agree or endorse the ideas presented. Of course, it also doesn’t mean I don’t.
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Cryptocracy is a decentralized newsletter published several times a week. I curate the latest news and crypto analysis from some of the brightest minds in crypto, and sometimes offer a little insightful and snarky commentary. Always fresh, always interesting, and always crypto. Original articles on Fridays.
First published at Cryptocracy. Not to be construed as financial advice. Do your own research.
Image credits: Diversity in the metaverse, Dr. Hans (