Mochi here, your navigator through the mesmerizing universe of Web3, blockchain, and all things crypto. As we embark on this month’s journey together, I’m thrilled to share with you tales of innovation, resilience, and sheer digital audacity that are shaping our digital world. From the thrilling highs of token unlocks to the strategic maneuvers within the NFT space, we’ve got stories that will tickle your intellect and maybe even tempt your wallets. So, grab your favorite snack, find a comfy spot, and let’s dive into the digital depths together. Remember, in the ever-evolving landscape of Web3, staying informed is not just a choice; it’s a superpower. Let’s power up!

INTEL BRIEF
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🟧 The launch of DN404 introduces a new hybrid NFT standard, promising efficiency and full compliance with existing protocols, as it competes with ERC-404. Meanwhile, the Cards project, previously covered, is migrating to this new standard amidst efforts to resolve launch issues.

🟧 Pudgy Penguins' floor prices are nearing those of Bored Ape Yacht Club, driven by CEO Luca Netz's expansive brand strategy, including new toy lines and an upcoming game, contrasting with Bored Apes' recent challenges.

🟧 The Crypto Fear & Greed Index has hit its highest level since 2021, indicating a period of "extreme greed" among traders as Bitcoin's price soars past $49,000.

🟧 Web3 gaming projects are experiencing a significant token unlock schedule in February, with $175M worth of tokens set for release, affecting market dynamics, especially noted in The Sandbox's SAND token price dip.

🔥🎨 The NFT Evolution: DN404 Ignites a New Era of Hybrid Tokens

The freshly minted DN404 and its predecessor, ERC-404. But that's not all – we've got an exclusive scoop on the Cards project, a tale of resilience and innovation.

In the left corner, weighing in with ambitions of hybrid token supremacy, we have DN404, a new contender claiming to fix the inefficiencies of its forerunner, ERC-404. Its creator, cygaar, promises a world where NFTs aren't just collectibles but divisible assets, enabling fractional trading without a middleman. Imagine slicing a digital Mona Lisa into shareable pieces – that's DN404's pitch.

However, DN404 isn't just about cutting up digital art into smaller bits. It's about creating a seamless, efficient standard that plays nicely with the existing ecosystem, something ERC-404 struggled with. With its dual-contract approach, DN404 aims to be the smooth operator in the room, fully compliant and ready to mingle with the major leagues straight out of the box.

Now, pivot to the Cards project, our Web3 phoenix rising from the ashes of technical hiccups. After a rocky start, the team behind Cards is not just bouncing back; they're leaping forward with DN404. In a move as bold as a brushstroke on a blank canvas, they're embracing this new standard to optimize their offerings. They're not just fixing launch issues; they're reimagining what's possible in the NFT space, with sneak peeks and surprises up their sleeves that promise to make the initial frustration worth the wait.

The journey of Cards, from its launch woes to its ambitious pivot, mirrors the resilience seen in successful Web3 projects like Pudgy Penguins or Pixelmon. The team's dedication to their vision and their community's feedback is a testament to their commitment to not just survive but thrive.

🐧🚀 The Rise of the Penguins: Pudgy Penguins Waddle Towards Bored Ape's Throne

This time, it's not about the apes ruling the jungle; we're witnessing the penguins waddling their way to the spotlight. That's right, folks, move over Bored Apes because the Pudgy Penguins are sliding into the scene with the grace of an ice-skater performing a perfect pirouette.

The battleground? Floor prices. Those nifty numbers that tell you the entry ticket price to join the club. As of this chilly Monday morning, Bored Apes are sitting at a cool $57,469, while the Pudgies are hot on their heels at $51,730. It's like watching a slow and steady race where the tortoise is a penguin, and the hare, well, is an ape with a yacht.

The potential "flappening" isn't just a fluke; it's fueled by a blizzard of trading activity favoring our feathered friends. Over 2,000 sales in the past month for the Penguins compared to 886 for the Apes. It's like comparing the buzz of a new ice cream flavor drop to the last scoops of last season's batch.

Behind this chilly rise to fame is none other than Luca Netz, the Pudgy Penguins' CEO, who's not just building a brand but an empire. With a vision sharper than the beak of a penguin, Netz has raised a whopping $9 million seed round. From toys in Walmart to the teaser of an open-world game, "Pudgy World," the Penguins are not just waddling; they're set to run.

Meanwhile, the Apes are facing a bit of a hiccup with their metaverse ventures, proving that even in the digital realm, it's not always smooth sailing. The lesson? Coolness might just be the secret ingredient, and right now, the Penguins are cooler than a polar bear's toenails.

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📈💰 Extreme Greed Awakens: Bitcoin's Fear & Greed Index Skyrockets

Let's dive into the Fear & Greed Index, which, like the anticipation for a new flavor release, has hit a record high. The index, a concoction as complex as my favorite dessert, blends market momentum, volatility, social media buzz, and more, landing at a whopping 79 out of 100. This score hasn't been seen since Bitcoin was basking in the glory of its $69,000 peak in November 2021.

Now, with Bitcoin strutting around the $49,000 catwalk and other cryptos following suit, we've entered the realm of "extreme greed." It's like watching people flock to a limited-edition ice cream release – everyone wants a scoop! According to alternative.me, this is the time when the market could be eyeing a correction, a sprinkle of reality on our digital dessert.

Remember, savvy traders lick their lips at "extreme fear" and tread lightly when greed fills the air. But hey, the market has a mind of its own, sometimes as unpredictable as a brain freeze from gulping down your ice cream too fast.

With the index lounging above 70 since October and Bitcoin's price doing a double in the past year, it's a whirlwind of excitement. So, grab your spoons (or wallets) and prepare for an adventure in the land of crypto – just don't forget to enjoy the ride, and maybe don't eat your ice cream too fast.

🎮💸 Token Tidal Wave: Web3 Gaming's $175M Unlock Drama

February's turning out to be quite the blockbuster month, not for game releases, but for a token unlock extravaganza that's got the market buzzing more than a beehive on a hot summer day.

Leading the charge is The Sandbox, with a whopping 205.59 million SAND tokens, roughly translating to a cool $99.2 million, making a grand entrance into the ecosystem. It's like opening a treasure chest in-game, except this chest's impact on the virtual economy is very real.

But wait, there's more! ApeCoin is also jumping on the bandwagon with a cliff unlock event that's set to release 15.6 million APE tokens into the wild. Meanwhile, the Manta Network and Oasis Network are not far behind, with their own releases set to inject millions more into the market.

Now, you might be thinking, "More tokens, more fun, right?" But hold your horses (or should I say penguins?), because it's not all sunshine and rainbows. The Sandbox's SAND token took a slight dive by around 3% amidst this news. It seems like the classic tale of supply and demand, where a flood of tokens meets a market not quite ready to soak them all up.

However, in the grand scheme of things, this could just be the prelude to a broader market surge. After all, who doesn't love a good comeback story? It's like watching your favorite underdog character in a game power up for a massive boss fight.

$175 million worth of digital assets are set to hit the crypto market, stirring up dynamics and potentially setting the stage for the next big rally. It's a reminder that in the world of Web3 gaming, the adventure never ends, and every unlock event is another quest in the ongoing epic.

And just like that, our journey through the latest happenings in the Web3 world comes to a close. From the surge of new NFT standards to the strategic pivots of burgeoning projects like Cards, we’ve traversed the highs and lows of the digital frontier together. I hope this edition of Proof of Intel has not only enlightened you but also sparked a flame of curiosity to explore further the boundless possibilities that Web3 holds.

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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🟧 The introduction of DN404 marks a significant step in the evolution of NFT standards, offering improvements over ERC-404 with a focus on efficiency and seamless integration. Meanwhile, the Cards project demonstrates resilience by migrating to this new standard, promising exciting developments for its community. With DN404, the future of hybrid NFTs looks bright, signaling a new chapter for creators and collectors alike in the dynamic world of digital assets.

🟧 Pudgy Penguins are closing the gap with Bored Ape Yacht Club in terms of floor prices, thanks to strategic moves by CEO Luca Netz and a growing brand presence, including merchandise and an upcoming game. As Bored Apes face challenges with their metaverse projects, Pudgy Penguins are gaining traction, possibly becoming the new face of NFT coolness. It's a testament to the dynamic and ever-shifting world of digital collectibles, where today's underdog can be tomorrow's icon.

🟧 The Crypto Fear & Greed Index has soared to 79, echoing the heights of Bitcoin's 2021 peak, indicating a period of extreme greed in the market. As Bitcoin's price dances around $49,000, and the index remains high, it hints at potential market corrections, reminding traders to approach with caution and wisdom.

🟧 The Web3 gaming sector is witnessing a $175 million token unlock event in February, with notable releases from The Sandbox, ApeCoin, Manta Network, and Oasis Network. While such events aim to reward long-term project commitment, they can temporarily impact asset prices due to increased supply. The Sandbox's SAND token experienced a slight dip amid these unlocks, highlighting market sensitivity to supply changes. Yet, the broader market uptrend could offer a silver lining, showcasing the dynamic and interconnected nature of the crypto ecosystem.