WAGMI United

For those that don't know, WAGMI is crypto-bro speak for "we all gonna make it". If you didn't know that - you're probably NGMI. If you can't figure out what NGMI means, then you're definitely NGMI.

A group called WAGMI United have bought a football team. They bought Crawley Town FC, which is in League 2 of the English Football League. For those not familiar, League 2 is actually the fourth tier of English football (premiership -> championship -> league 1 -> league 2).

WAGMI united has sold $4 million worth of NFTs to make Crawley Town "the internet's team". Owning an NFT allows you to vote on the way the team is run. I know a few Arsenal fans over at Arsenal Fan TV who would love this power...

As an NFT holder, you get to vote on key decisions like new players you want the club to sign in the transfer window, or what next season's kit will look like. You also get access to tickets to games and exclusive events with the team.

BUT... and it's a big but, owning an NFT doesn't mean you own an actual piece of the team. This is a real shame, and it would be great to see more examples in future where NFT holders actually own a piece of the team. Nevertheless, this is a very interesting experiment and certainly one to watch.

3AC's Founders go Missing

Ladies and gents, we have another crypto disappearance. There was the founder of Quadriga CX who reportedly died mysteriously (pls - he probably had one of those face-changing operations and is living the life on a remote island), there was the CryptoQueen, and now we have the founders of 3AC.

If you aren't up to date, Three Arrows Capital WAS an incredibly successful hedge fund that invested in crypto and was one of the biggest players in the space, before some risky bets and the bear market brought the whole thing crashing down.

3AC filed for bankruptcy earlier this month, but liquidators who are tasked with overseeing the proceedings say that the founders cannot be contacted. Liquidators are worried that the founders could try and transfer the company's remaining funds elsewhere: “Here, that risk is heightened because a substantial portion of the Debtor’s assets are comprised of cash and digital assets, such as cryptocurrencies and non-fungible tokens, that are readily transferrable”