This week in web3 #16

Every Friday afternoon, we share with you the most important news of the week in the world of web3.

This week in web3 #16

1️⃣ Sorare partners with Premier League

French startup Sorare has signed a four-year licensing partnership with the Premier League, the only major league that was still missing from the NFT-based game.

2️⃣ An awkward resignation at Mastercard

Satvik Sethi, former NFT product lead at card giant Mastercard, has stepped down from his position and minted his resignation letter as an NFT to finance his next step.

3️⃣ Crypto market cap hits $1T

Something we failed to report last week was that the crypto market cap is now back above $1T. As a reminder, it was once above $3T.

4️⃣ Crypto firms cut 3,000 jobs in January

Despite Bitcoin's rise, it was a tough month for crypto employees, with at least 14 firms announcing staff reductions.

5️⃣ A Nostr app is on the App Store

New decentralized social network protocol Nostr officially went live via mobile app stores on Wednesday, with an application called Damus.

6️⃣ NFT sales jump 38% in January

The NFT space ultimately yielded a significant jump in market activity in January, as organic trading volume grew 38% from December, with the BAYC leading the charge.