Gettin' Heated

OpenSea kills its main source of income, Meta tests paid verified badges, Spellbook Legal launches AI contract-improvements

Good morning! Elon allegedly laid off a bunch of engineers after setting a one-week deadline to make Twitter's ad-targeting work like Google's search ads. Rough...

Highlight of the day

OpenSea tests killing its marketplace fee and making creator royalties optional. The move is driven by competition, as rival marketplace Blur surpassed OpenSea's trading volume. Removing marketplace fees destroys OpenSea's primary revenue stream, and making royalties optional takes away secondary transaction income from creators.

Features & products hot off the press

Big tech

  • TikTok expands access to its research API in the US 

  • Amazon launches a product to build and scale telco networks

  • Apple ships a Car Keys app for iPhone

  • Meta tests $12 / month paid verification badges 

  • WhatsApp ships picture-in-picture for video calls

General and early-stage

  • Steam ships a local network game transfers feature 

  • Step App launches a feature to get different types of gems 

  • Spellbook Legal ships an AI contract improvements feature 

  • Secureframe launches a multi-tenant portal for MSPs

  • Kempus unveils an app for sharing college hacks 

Other good finds

  • Superfans. Turning your customers into advocates 

  • Integration. India and Singapore linked their national payments systems

  • No secrets. Individual VR users can be uniquely identified through motion data

Twitter nugget

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-  Amol