GM and happy Friday!

Did you survive last week?

The Crypto Market definitely seems to be stabilizing after last week’s bloodbath...but we'll still have to wait a while before we see another bull market. Which is, actually a great opportunity to spend more time researching valuable projects...

Here is this week's roundup of Web3 News.

🎨 NFT NEWS

✨ Fabio Giampietro & “The Journey”. A Nifty Gateway drop.

On May 26th 2022, Fabio Giampietro will present the first act of “The Journey”, a Nifty Gateway drop.

After the success of “The Lift” in co-production with Valuart, which can still be visited today at the MEET in Milan and soon also worldwide, Fabio Giampietro invites us to within “The Journey”.

But this time, it will be an intergalactic journey, driven by the contemplation of the universe, that in all its cosmic mystery, has such a nature that makes our life possible….combined with technology, also central to human life and evolution.

This act consists of the exploration of the first two open-edition planets part of the galaxy: an Earth-like planet where the journey starts, and a titan planet entirely built on a fluid watery surface, where its satellite determines frequent tides and huge tsunamis of cities.

Phase two of the drop will be focused on the third planet, a Saturn-shaped planet ruled by the physics of the Air element, and named after the biggest harbor of the Ancient times.

As the journey continues, this universe will also become a Metaverse, characterized by a strong artistic gamified approach: today’s collectors will in fact be rewarded on different levels with airdrops and have access to exclusive spaceways leading to new interactive art-drenched worlds.

Are you ready to take on this journey?

✨ Getty Images announced the launch of their very first NFTs.

It has been said before and now it's becoming a trend: NFT Photography will have a special spotlight in 2022.

Getty Images has announced its plan to take their collection of over 465M images and make “never-before-seen archival works” into NFTs in partnership with Candy Digital.

For now, as the details are rolling out, we know that NFT will be minted on the Palm blockchain, which is an Ethereum-compatible sidechain.

✨ Music giant Spotify is testing NFTs on its platform

Spotify was bound to make a jump into NFTs anytime soon, especially after its recent entry into the web3 world earlier in May with the launch of "Spotify Island" on Roblox.

This week, Music Ally reported Spotify’s upcoming NFT trial rollout: thanks to which, Artists may soon be able to promote their non-fungible tokens (NFTs) on Spotify

This trial will start with a single pilot group of artists like Steve Aoki along with some lucky US-based users.

But it is important to note though that Spotify will not be selling NFTs directly from their platform, and will not keep the funds generated during this experiment - users will need to tap through to an external marketplace to make purchases.

📈 Crypto & DeFi News

✨ TERRA announces the “Revival Plan”

Last week Terraform Labs CEO Do Kwon announced the closure of the network until an adequate recovery plan had been created, and here we are now, with the official proposed a “Revival Plan” (living document subject to change in the upcoming days) to fork Terra and save the network, shared with the public on Monday, May 16th.

Do Kwon has since then also published a lengthy thread that goes further into detail of what we are to expect.

Voting for the new network is set to begin on May 18th, according to Kwon, who has also targeted May 27th as the official date for the chain relaunch.

✨ The Crypto Market seems to be stabilizing after last week’s bloodbath

From May 5th to May 12th we literally experienced a market free-fall, losing around $693B from crypto’s market capitalization which fell from $1.811T to $1.12T.

Data from CoinMarketcap also demonstrates how the six largest tokens by market capitalization have slightly rebounded Friday after hitting their lowest the day before. At the time of writing, they still seem to be steady.

DeFi follows the trend, as the combined total value locked (TVL) has stabilized after collapsing 45% last week.

✨ Robinhood announces the launch of its Non-Custodial Web3 Wallet

“There’s gotta be a way to get all the security and privacy benefits of self-custody with the low cost, simplicity, and mobile-first design that you’re accustomed to from a TradFi product like Robinhood,” - Vlad Tenev, co-founder of Robinhood

During the Permissionless event (May 17th-19th Palm Beach FL) Robinhood announced its plans for a non-custodial mobile wallet for web3.

Robinhood had launched a wallet earlier this year, but faced some problems, such as the high daily cap on outbound transfers.

Now, this version is set to solve this issue, and add perks such as the ability of users to have control of their own keys, buy & hold NFTs, earn yield and trade/swap crypto on other exchanges. But the biggest perk of them all: no network fees.

There is currently a waitlist with over 400,000 users already registered.

✨ Crypto-Regulation Chatter intensifies: here are the countries making some changes. (fonte coindesk)

 🇩🇪 Germany.

German Regulator Birgit Rodolphe calls for new DeFi Laws, due to the increasing potential for fraud and investor losses.

🇮🇳India

Following a recent ban, India’s securities regulator is proposing a new policy for celebrities to not endorse crypto.

🇵🇹Portugal.

This one hurts particularly, as Portugal was one of the most crypto-friendly places. Portugal’s Minister of Finance is now making a radical change on crypto and claims the country will now impose taxes on the exchange and sale of cryptocurrencies in the near future.

On a more positive side of things, the joint U.S.-EU Trade and Technology Council on the other hand announced they will start considering blockchain technology to research new effective ways to track carbon emissions, along with other technologies including Artificial intelligence, Machine learning and “Internet of Things” (IOT) technologies.

🍿 Events this Month.

MetaVanity. A meta-exhibition.

📅 Ongoing exhibition.

📍HADEM.

The Lift. An immersive-physical exhibition.

📅 Live until May 31st.

📍MEET – Digital Culture Center, Milan.

📚 Book of the Month.

One week and a half left to read this month’s book, Check your Financial Privilege, by Alex Gladstein.

A book all about Bitcoin, human rights, financial privilege, and personal freedom…And why we should not take any of these for granted. This is one you will want to keep on your shelf.

Stay tuned for the full review at the beginning of June.

🐥 Highlighted Tweets of the week