Week 1, September 21 – Weekly Wrap Up

1.) PayPal Goes for Broke(rage)
2.) BAYC Bonanza
3.) ESPN Bets Big
4.) Apple’s Payment Retreat

 

1.) PayPal Goes for Broke(erage): The FinTech battles continue to rage on as PayPal announces their intent to build a brokerage arm. Like Square’s CashApp, or Robinhood, but for PayPal. Adding another piece to the Optimus Prime of the space never hurts. Let’s see how it plays out

1.) BAYC Bonanza: Ok so there’s a new NFT collection. But it’s like a club. A yacht club, but like digital called Bored Ape Yacht Club with NFTs owned by musicians, athletes, and more. 1% of the 10k NFT collection is being auctioned at Sotheby’s for >$10M next week. If you’re not paying attention to how the consumer internet economy (and how it monetizes) is changing, ya better start soon

1.) ESPN Bets Big: Disney’s ESPN announced they’ve entered into two partnerships with Caesars and DraftKings to connect their platform to the partner sportsbooks. Sin economy be roarin’

1.) Apple’s Payment Retreat: Apple is going to allow media & reader apps (including Spotify, Kindle & Netflix) to create in app links allowing users to sign up for payments on their websites instead of the previously mandated Apple app store payment provider. It’s a limited retreat but a retreat nonetheless. Regulators continue to circle the Cupertino fortress

 

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