🗿 April Fool's Day is Dead

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GM. Happy Tuesday. Is April Fools dead? We haven’t seen any great jokes or marketing stunts on twitter today and it’s depressing. Is the world too chaotic? Is the internet running out of jokes? We hope not. 

Anyways, we’re back today with another edition of bar bites to help you sound more tapped in than all your coworkers.

Without Further Ado. ☕ *knuckle cracks* ☕ Let’s get into it.

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Bar Bites 

Amazon’s Nova AI agent launch puts it up against rivals OpenAI, Anthropic

Full Article 

Tl:dr

• Amazon has released a new AI model that can take actions in a web browser on a user’s behalf.

• The new tool, called Nova Act, will compete with other agentic AI tools launched by the likes of OpenAI and Anthropic.

• It can also recognize more detailed instructions — such as telling it “don’t accept the insurance upsell” while making a purchase.

Our take

It seems like utilizing Nova Act could help us spend money online shopping faster. Thank you Amazon, very cool.

NoFomo readers already are familiar with AI agents, so we don’t have too much new to say. But this is still cool. 

Mark Cuban backs Skylight, a TikTok alternative built on Bluesky’s underlying technology

Full article

Tl;dr

• Skylight, a startup taking on TikTok with a more open alternative, is launching its mobile app to the public on Tuesday after just 10 weeks of active development.

• The app, which is backed by Mark Cuban and others, is now one of many to build on top of the AT Protocol — the same technology that underpins the social network Bluesky

• The app is in beta on the Google Play Store and is now available publicly on Apple’s App Store after initial testing.

Our take

The TikTok ban is currently on hold and has an April 5th deadline for a resolution. 

We just don’t believe that TikTok will have to leave the U.S. So this seems like a cool idea to talk about, but something that’s ultimately not going to matter in 3-6 months. 

Having said that, anything is possible in Trump’s America. 

Tokenized equities will dwarf stablecoins, says Kraken co-CEO Arjun Sethi

Full article

Tl:dr

• Kraken co-CEO Arjun Sethi said that tokenized equities are going to become much larger than stablecoins.

• The exchange’s recent move to acquire futures trading platform NinjaTrader is part of its desire to bridge traditional finance and crypto.

Our take

We don’t usually include these opinion pieces, but this one caught our attention. 

"One tokenized equity is going to be equivalent or larger than Tether," he added. "Now you can have fifty, five hundred, a thousand of those tokenized equities — then you do futures and options trading on top of that.... The market is just going to get that much bigger, that much larger, that much faster than what we're used to.”"

This sounds good for crypto in theory, but I’m not convinced exactly why these equities need to be put on-chain. Either way, this concept is definitely something to keep an eye on over the next year or two. 

Pokemon Cards are Going On-Chain 

Full article

Tl;dr

• How it works:

  • You own a Pokemon card

  • You mint it onchain and send it to Courtyard

  • Courtyard stores the physical card in a secure vault.

  • As long as you hold the NFT, you own the card.

  • Once you sell the NFT, the new owner gets the rights to the card—but doesn’t receive the physical copy.

  • If you want the actual card in your hands, you can burn the NFT and have it shipped straight to your door.

• Right now, they are also doing this with baseball and basketball cards

Our Take

This is a super cool application of blockchain tech for RWAs. RWA is definitely a buzzword right now in crypto, but the applications are both simple and effective. We need more people doing real things for real markets like courtyard.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. Please be careful and do your own research.