Nerds… Unfortunately not the best news this week in the world of Web3. FTX is insolvent, with founder Sam Bankman-Fried filing for bankruptcy. Binance was said to be coming in to recuse the platform, which led to them saying absolutely not and taking FTX behind the barn to finish it off… Crier goes in-depth into what happened and how this could affect the space in the future. In other news, Meta lays off 11,000 employees, BUT Instagram sells NFTs with a few creators, and everything is back to normal at Meta. Lastly, Japan’s biggest phone operator NTT Docomo pledges $4 billion to Web3 infrastructure. BLACK PANTHER IS OUT; GET GOING TO THE MOVIE THEATRE
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