Bidding on your own Constitution [Vincent Besnault/The Image Bank via Getty Images]
Time to check your horoscope for a total eclipse of the chart: The longest partial lunar eclipse in almost 600 years was visible across North America early this morning.
Stocks ended the week mixed after shares of energy companies and airlines fell but tech stocks rallied. The Nasdaq ended the week higher, the Dow Jones finished the week lower, and the S&P 500 closed slightly above break-even.
Warm up the gaming chair... Nvidia makes graphics cards for everything from laptops to gaming consoles, including Nintendo’s Switch. America's most valuable chip company just reached new horizons: Nvidia scored another quarter of record sales, raking in $7.1B as demand for its gaming and server chips boomed.
Metamorphosis... Like Facebook, Microsoft, Roblox, and other tech titans, Nvidia is turning its focus to the metaverse. While the metaverse concept is still vague, many describe it as a 3D internet you live inside. Adding to the confusion, Nvidia's version of the metaverse is called "Omniverse."
Chips are the backbone of the metaverse... From Facebook's VR gaming world, to Microsoft's VR office, the metaverse relies on realistic graphics and animation, which Nvidia is famous for. Nvidia's CEO believes the Omniverse is one of the company’s largest opportunities, and hopes that one day, every internet transaction will use a graphics card. If virtual 3D worlds are the future of the internet, graphics cards are the building blocks to get there.
Your move, Nicolas Cage… Why steal the Constitution when you can buy it? Yesterday, a decentralized autonomous organization (DAO) called ConstitutionDAO bid on one of the 13 remaining copies of the US Constitution in a Sotheby’s auction. DAOs (rhymes with “cows”) are blockchain-based communities that are collectively owned by their members — read: no central leadership. ConstitutionDAO launched eight days ago as a 10-person Twitter convo, and has since attracted thousands of people on Discord:
From James Madison to the Wu-Tang Clan… Crypto enthusiasts have used DAOs to raise millions since 2016, when an org called The DAO (capital T) raised $150M and lost much of it to hackers. Despite valid security and practicality concerns, DAOs boomed this year: PleasrDAO bought a Snowden NFT for $5.4M and a Wu-Tang Clan album for $4M. Wyoming became the first US state to recognize DAOs as legal corporate structures in June, and experts expect legal recognition to expand.
DAOs could be the new boardroom… Beyond crowdsourcing to buy cool collectibles, DAOs could run entire businesses. Instead of relying on a few execs to make company-wide decisions behind closed doors, DAOs could enable all stakeholders to vote publicly on the blockchain. Sports-betting startup Augur and metaverse company Open Meta DAO both operate as DAOs, and decentralized finance company 1inch is also moving to the DAO model.
Extra shot caramel macchiato, hold the small talk.
Amazon and Starbucks are joining forces to create a cashier-less café in New York. Tune in to hear why this could be the beginning of the urban drive-thru.
Authors of this Snacks own: CVS, Pfizer, Amazon, Apple, Microsoft, Google, Starbucks, Twitter, and some Ethereum