✨ Reddit's NFT-based Vault wallet count surpasses OpenSea's, according to Reddit's CPO Pali Bhat

 ✨ Reddit's NFT-based Vault wallet count surpasses OpenSea's, according to Reddit's CPO Pali Bhat 💵 A16Z offers Web3 startups $500K and expert mentorship through its crypto startup school 🦾 Street Machine NFTs see 1,000% price increase in bear market

GM, fellow vEmpions. Hope you are doing awesome.

We hope you HODL and continue to be the voice of reason in a sea of FUD. So far, the vEmpire community has been a guiding light in a storm of Crypto Winter. Thanks to every one of you for your hard work, and welcome to the newbies.

Here's what we've got today:

✨ Reddit's NFT-based Vault wallet count surpasses OpenSea's, according to Reddit's CPO Pali Bhat 

💵 A16Z offers Web3 startups $500K and expert mentorship through its crypto startup school

🦾 Street Machine NFTs see 1,000% price increase in bear market

Reddit's NFT-based Vault wallet count surpasses OpenSea's, according to Reddit's CPO Pali Bhat

As if crypto couldn't get any more bizarre: Reddit's NFT-based Vault wallet count has allegedly surpassed the total number of wallets used on OpenSea, one of the web's largest crypto marketplaces. At least according to statements made by Reddit chief product officer, Pali Bhat, at the TechCrunch Disrupt conference panel. According to him, 8 out of 10 Reddit Vault wallets have been created just for NFT avatars and over 3 million Redditors have used Vault to create crypto wallets, dwarfing the combined 1.8 million that had been created on OpenSea. This news comes as no real surprise, given that Reddit has been a hotbed of NFT activity ever since NFTs were first introduced there, with many top users building niche communities focused exclusively around NFTs.

While that may not be an accurate representation of OpenSea's current wallet count (or even of the total number of wallets created on Reddit), it does speak to the growing trend of NFT adoption and its popularity amongst crypto-centric communities. Reddit users are clearly hungry for the limited edition, one-of-a-kind digital assets that only NFTs can provide.

Despite this news, OpenSea is still a strong player in the crypto marketplace game, of course. With its user-friendly interface and a wide variety of different crypto collectibles, there's no denying that it remains one of the web's top destinations for NFT shopping, and that's unlikely to change any time soon.

All in all, this is good news for us NFT enthusiasts. It's clear that these digital assets are here to stay, and we should all be excited about the future of NFTs on Reddit and beyond.​ Especially with the amount of FUD currently circulating in the crypto world, this positive news is just what we need to keep our spirits high and our faith in digital assets strong.​

A16Z offers Web3 startups $500K and expert mentorship through its crypto startup school

Tech VC giants want to make Web3 startups a success. Andreessen Horowitz, known as a16z, has launched its crypto startup school to help accelerate the growth of Web3. The company is offering $500K in funding and applications are now open for the 2023 cohort—they’ll be held in Los Angeles from March to May. Potentially promising startups in the Web3 space are sure to benefit from this investment and mentorship, as a16z has an impressive track record in the tech industry.

A16Z did a similar thing in 2020, but the program has since expanded to include a full startup accelerator. The startups that participated in the 2020 cohort have gone on to raise over $300 million in funding, which speaks to the quality of a16z’s support and expertise.

Andreessen Horowitz's investments in the crypto and Web3 space span a wide range of sectors, from blockchain infrastructure to decentralized finance and gaming. Some of their biggest investments include Alchemy, Celo, Chia, Compound, Dapper Labs, Dfinity, Diem, dYdX, Maker, NEAR, OpenSea, and Solana.

In the end, whether you’re an entrepreneur or an investor, it’s clear that a16z is the name to watch in Web3. But that also means that they will have plenty of influence over it in the future, which could mean more centralization, after all, they are a VC giant. Only time will tell what that means for the Web3 community as a whole. But for now, you’d be smart to pay attention to what these large VCs are up to, as they have the power to make or break Web3 startups.

Street Machine NFTs see 1,000% price increase in bear market

The digital collectible market is still profitable, despite the bear season. Street Machine, a story-driven NFT project that allows holders to participate in the development of an online graphic novel, has seen its prices shoot up by over 1,000% in just 11 days.

The team plans to distribute commercial rights to NFT holders, allowing owners to monetize the brand for themselves. Despite all this success, it's clear that the crypto market is still volatile and unpredictable, so it's important to make wise investment decisions when buying NFTs. The idea behind Street Machine is certainly intriguing, and there's no doubt that the project will be a hit with NFT enthusiasts.

The collection based on Ethereum blockchain has seen NFT prices rise from a humble starting point of 0.04 ETH to over 0.41 ETH, proving that despite the bear market, digital collectibles are still a lucrative investment opportunity. The project promises to be a fun and engaging one, with owners of NFTs having a say in the development of the online graphic novel.

Innovating NFT projects like these are great examples of how the digital collectibles market will pull itself out of the bear market and continue to grow in popularity. The NFT scene in general has been a *memed* topic in the crypto space and is often portrayed as a silly, gimmicky investment by critics. But the truth is that good, well-thought-out projects will prevail despite the market slump, and hopefully, NFTs will regain their shine as the next big thing once again.