Hello and Welcome to "Proof of Intel" (PoI), your one-stop destination for the latest and quirkiest updates in the Web3 galaxy! 🌐✨ I'm Mochi, your guide on this digital odyssey, bringing you a scoop of insights as cool and delightful as Japanese mochi ice cream. 🍨

In this edition, we're diving into a cosmos of intriguing stories – from Magic Eden's trailblazing multi-chain wallet to the plushy world of Pudgy Penguins, and from PayPal's crypto venture to Valhalla's keyboard kerfuffle. We've got it all wrapped up in a package of witty anecdotes and critical insights, designed just for you!

So, fasten your seatbelts and prepare for a journey through the dynamic universe of Web3. Whether you're a crypto novice or a blockchain guru, we promise you a newsletter that's informative, entertaining, and a little bit quirky – just how you like it! 🎉💻

INTEL BRIEF
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🟧 Magic Eden Multi-Chain Wallet: A significant step towards comprehensive NFT management and trading.

🟧 Pudgy Penguins OverpassIP: Innovating the NFT licensing landscape.

🟧 PayPal Ventures and Mesh: Merging stablecoins with venture capital investments.

🟧 Valhalla: Initially supporting a gaming brand vision, surprises holders with a high-end keyboard release, sparking mixed reactions.

🔮 📱 Magic Eden's Multi-Chain Wallet Extravaganza!

Mochi, is here with some scorching hot news from Magic Eden. They've just launched a multi-chain wallet that's as versatile as a Swiss Army knife! This wallet isn't just a one-trick pony; it supports Solana, Bitcoin, Polygon, and Ethereum. Talk about having your crypto cake and eating it too!

Previously in beta mode since November 2023, this wallet is now ready to mingle with the public. Developed with Exodus, it's a self-custodial marvel ensuring you're the boss of your crypto assets. Imagine being able to instantly swap across chains, manage your NFT portfolio, and trade NFTs directly from your wallet. It's like having a crypto command center in your pocket!

But wait, there's more! To sweeten the deal, Magic Eden is sprinkling some incentives for early adopters. Limited-time in-wallet mints of NFT projects and other airdrops are on the menu in February. As Magic Eden continues to evolve from its Solana roots, it's now a major player in the Bitcoin Ordinals NFTs market. This move is a game-changer in the world of crypto wallets, blending convenience with control.

🐧 🧊 Pudgy Penguins' OverpassIP: The NFT Toy Story!

The Pudgy Penguins are making waves with their new OverpassIP Beta. This isn't just any old licensing platform; it's a game-changer for NFT IP licensing, making it simpler and more accessible for everyone.

OverpassIP is like the superhero of NFT licensing, aiming to transparently scale up the process on the blockchain. And guess what? It's already transforming over eighty Pudgy Penguins into plush toys, action figures, and more. Holders can submit their characters for potential licensing opportunities, but it's a selective process, so not every submission is guaranteed a spot in the limelight.

The first quarter of 2024 is looking exciting for Pudgy Penguins fans. OverpassIP is introducing 'Pudgy Rods', a multiplier mechanism adding extra value to certain licensing deals. And if that's not enough, Pudgy Penguins' "Phygital" Toy Collection on Amazon has already made a splash with over $500,000 in sales in just two days!

💳 🌐 PayPal Ventures Makes a Splash with Mesh & PYUSD!

Some spicy news from PayPal Ventures, they've made a bold move in the Web3 world by using their very own stablecoin, PYUSD, for a venture capital investment. This time, they're putting a cool $6.5 million into Mesh, a company that's all about ramping up digital transaction security and efficiency. And here's the kicker: $5 million of that investment was made in PYUSD!

This is a big step for PayPal Ventures, marking its first known crypto investment since May 2023. Mesh is working on a solution for users to shuffle their crypto between different financial accounts and wallets, like a Plaid but with extra crypto magic.

Why use stablecoins for investment, you ask? Well, according to Mesh's CEO, PYUSD is a champ because it works non-stop and costs peanuts to use. Plus, it's a fantastic opportunity to showcase the security and robustness of Mesh's API. This investment is not just a transaction; it's a statement in the crypto world, showing PayPal's commitment to evolving in the Web3 space.

🎮 ⌨️ Valhalla's Keyboard Controversy: A Gamer's Dilemma

Picture this: You're all in on a gaming NFT project, expecting big things. Suddenly, bam! They drop...keyboards? Yep, that's right. Valhalla's latest release is a high-end keyboard, "ARTIFACT-01", limited to just 300 pieces. While Alex Lin, the face behind Valhalla, defends this as part of building a gaming brand, the community's not buying it.

The twist? Valhalla's treasury, despite raising over $20 million, is a fraction of those giving away products for free. And remember Stacked, the "Twitch of Web3"? Now, it's morphing into a video reaction platform. Lin's rationale? Searching for that elusive product-market fit. Meanwhile, the community's brewing with discontent, with some alleging Lin hinted at rug-pulling.

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And that's a wrap on this edition of "Proof of Intel"! Thank you for joining me, Mochi, on this exhilarating journey through the digital cosmos. 🌌 We've explored the exciting, the unexpected, and the downright quirky corners of the Web3 universe, and I hope you've enjoyed every bit of it!

Remember, the world of Web3 is ever-evolving, and we're here to keep you updated, entertained, and maybe even a little amused. If you've got thoughts, feedback, or just want to share your favorite flavor of mochi ice cream, don't hesitate to reach out. Your input is the secret ingredient that makes this newsletter extra special. 💌🍡

Until next time, keep your crypto wallets close and your curiosity closer. Stay tuned for more adventures in blockchain and beyond, right here at "Proof of Intel". Until then, stay savvy, stay smiling, and as always, stay tuned to the rhythm of Web3! 🚀🌐

P.S. Don't forget to share Proof of Intel with your friends. See you in the next issue! 💌🎈

🍨📰 Catch you in the next issue! 📰🍨

TL;DR: 🔻💯
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🟧 Magic Eden's Multi-Chain Wallet: Magic Eden launches a versatile wallet supporting major blockchains, boosting its NFT marketplace capabilities.

🟧 Pudgy Penguins' OverpassIP: Pudgy Penguins introduces a novel platform for streamlining NFT licensing, transforming digital assets into physical products.

🟧 PayPal Ventures Invests in Mesh: PayPal Ventures uses its new stablecoin, PYUSD, for a significant investment in Mesh, showcasing stablecoin's growing role in venture capital.

🟧 Valhalla's switch from gaming NFTs: Releasing an exclusive keyboard has left holders baffled and frustrated. Despite significant funding, their pivot to a different product and the transformation of their streaming platform has raised eyebrows and concerns among the community..