Optimism Sells $160M Worth of Tokens 🤑

GM. This is Degen Scoop. It’s FRIDAY, here’s the scoop:

• Optimism Sells $160M Worth of Tokens 🤑

• CBDC Anti-Surveillance Bill To See House Vote 📜

• Zynga Co-Creator Raises $33M For Crypto Game 🎮

• Whale Moves 🐋

• Threads You CAN’T Miss 🧵

Optimism Has Sold $160M Worth of Tokens in Private Sale

The token sale by Optimism involved seven different purchasers and was conducted as part of the foundation's treasury management strategy. The tokens will be subject to a two-year lockup period. At the time of this writing, Optimism still holds over $1.23 billion in its treasury, as per data from DeFiLlama.

The identities of the seven purchasers have not been disclosed yet, but they will have the ability to delegate the tokens to third parties for participation in governance. Delegation would be the easiest way to earn some yield should ther be a price for a governance. Optimism is the second largest L2 with 25% of the market in its control.

Emmer’s Anti-Surveillance Bill Passes Through Committe, Will Receive House Vote

The CBDC Anti-Surveillance State Act which aims to prevent the Federal Reserve from issuing a CBDC will see a vote in the House. The bill has faced opposition from Democrats who argue that CBDCs are essential for innovation, but the implications are far worse of its potential as a method of control. The crux of the argument lies in differing views on privacy, regulation, and their impact on financial systems.

The bill's support largely followed partisan lines, but we’ll see how it pans out when the vote occurs outside of committe. If it wasn’t clear before today, there is a large divide which highlights the divisive views on a CBDC in the US and its relation to personal privacy.

Proof of Play Raises $33M in Seed Round

Proof of Play, the game studio led by a FarmVille co-creator, has secured $33 million in seed funding in a round co-led by a16z and Greenoaks Capital. While times have certainly changed from the height of Zynga, it would be interesting to see them use their past success to crack the case of fully on-chain games with indefinite lifespans. The company's aim is to create "forever games" using blockchain, where communities of players have ownership and control.

The funding round included some other notable names like Emmett Sher, co-founder of Twitch, Naval Ravikant, co-founder of AngelList, and Balaji Srinivasan, former Coinbase CTO. Pirate Nation, initially deployed on Polygon, but has migrated to Arbitrum Nova to reduce fees. The company announced free-to-play access, but NFT owners will enjoy additional benefits. Proof of Play intends to open-source its technology, enabling other creators to develop fully on-chain games and applications using the same tools.

Notable NFT Sales in the Last 24 Hours:

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Conclusion

Touch grass, hit the gym, and don’t forget about what’s really important outside of magical internet coins.

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DISCLAIMER: This newsletter does not constitute financial advice. This is strictly educational and should not be used to make any financial decisions. Be responsible and do proper due diligence before aping.