Ninja Newsletter ☕️| #16

The weekly web3 goodie bag. A collection of news, updates and tidbits from the week.

Ninja Squad
3 min readNov 13, 2022


Our newsletter is designed to keep you in the loop with what’s hot and what’s not in the web3 space. It keeps you informed about everything from new NFTs, collabs, market stats, web3 news and much more!

This week’s agenda includes the following ⤵️

  • Meta lays off 11K people
  • Binance and FTX: What happened in the last week?
  • SBF reaches out to Elon Musk before the Twitter acquisition
  • Justin Sun helps out FTX
  • Rolex dives into NFTs
  • Nifty Gateway supports and continues royalty fees
  • OpenSea to continue royalty fees

Meta lays off 11K people

The largest major employment layoffs in the history of the tech firm have been announced by Facebook parent company Meta on Wednesday: 11,000 people will be laid off.

“Today I’m sharing some of the most difficult changes we’ve made in Meta’s history. I’ve decided to reduce the size of our team by about 13% and let more than 11,000 of our talented employees go. We are also taking a number of additional steps to become a leaner and more efficient company by cutting discretionary spending and extending our hiring freeze through Q1.” -Mark Zuckerberg

Read Mark’s whole letter to Meta employees:

Binance and FTX: What happened in the last week?

We summed up the FTX & Binance saga with a video in this week! Here it is:

The video is in Turkish; you an use subtitles if you need to.

SBF reaches out to Elon Musk before the Twitter acquisition

Elon Musk approves the documents via sending this tweet:

Justin Sun claims to be working on a solution to the FTX crisis

After this tweet, FTX’s official account stated that they are happy to announce that they have reached an agreement with Tron to put up a special service that will allow holders of TRX, BTT, JST, SUN, and HT to swap assets from FTX 1:1 to external wallets.

Rolex filed a trademark application for NFTs

Nifty Gateway supports and continues royalty fees

In a flood of tweets, they showed their support for creator royalties and their view that blockchain technology can help to ensure that creators receive the royalties they are owed.

“..we believe NFT royalties are one of the greatest pro-creator innovations of this century and we are proud to enforce royalties on our marketplace.”

They will be releasing a proposal with open source code over the next days that enables artists to stop their work from being sold on platforms that try to remove royalties.

OpenSea to continue royalty fees

On November 10th, OpenSea finally announced their last decision on whether to enforce creator fees or not. Per their flood;

  1. You can create on-chain enforcement paths for your current collections.
  2. You can create extra incentives to encourage your communities to keep paying fees.
  3. You have the option to prohibit your project websites from linking to fee-free marketplaces.

All other info can be found here ⤵️

See you next week, ninjas! Don’t forget to follow our socials:

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Ninja Squad

Ninjas roaming through the Ethereum blockchain & metaverse. Join us as we grow into the largest crypto & NFT community.