Hey bb! We are swimming ahead 🌊 as we explore the shores of OpenSea's NFT fiasco. Ginkgo makes its biotech market debut 🧬, and what Canva founders are doing with their doe 🤑

In other news…Fidelity gets serious about retirement but targets bb's 🧓🏻, and Owntrail debuts its ‘Beacons’ feature for users to share their life's trails and ask for support related to life goals.

We are swimming ahead 🌊 as we explore the shores of OpenSea's NFT fiasco. Insider trading has just gotten even more dramatic - not that old school ways of Wall Street investors securing the fun bags 💰 aren't enough…

OpenSea’s Head of Product, Nate Chastain, was recently accused of buying NFTs before they appeared on the trading platform’s homepage. CEO Devin Finzer blogged that an employee used knowledge gained from working at the company to purchase NFTs prior to it being posted on Opensea’s homepage, and would thus likely go up in value. Thought he could dive, but the situation surfaced 🏊‍♂️ after the NFT community began digging into transactions in Chastain’s public wallet.

Community members, taking advantage of the blockchain’s openness and semi-transparency, 🤝 were able to find transactions that seemed to indicate that he was secretly flipping NFTs, which would have earned him thousands of dollars or more. Chastain is yet to make a public statement, though upon this breach of trust, OpenSea made a response for greater transparency and openness 👀.

Amid this news, OpenSea rolled out its NFT App - the most popular marketplace of its kind. See your friends' NFTs buys and collections 👀 by linking your Ethereum crypto wallets such as MetaMask.

Own the trail you're blazing to build confidence, clarity, and connection with OwnTrail. Their latest feature, Help Beacon, makes it easy to respond to another trailblazer's personal “bat signal.” Pop onto the Explore page and filter for “Trails with Help Beacons” under the Trail Activity category.

Quick News Bites

Ginkgo makes its market debut, one of the largest in biotech history 🥼

BINGO! I mean, Ginkgo for $15B! 😮 Ginkgo Bioworks, a synthetic biology company, is now trading on the New York Stock Exchange - ticker symbol, $DNA (former ticker used by Genentech). Ginkgo’s market debut is one of the largest in biotech history and is expected to raise about $1.6B for the company.Ginkgo's plan is to be the platform used to have cells “grow everything." 🌱 In fact, CEO Jason Kelly likens DNA to code as they aim to “program cells like you can program computers.” 🧬 Those cells can then be used to make stuff: fragrances, flavors, materials, drugs or food products.

Canva co-founder is now the richest self-made female billionaire under 40

The latest funding round valued Canva, the Australian graphic design startup, at $40 billion. 💸 Melanie Perkins, and her husband and co-founder Cliff Obrecht, now have a fortune of $5.9 billion each. Perkins vowed that she and Obrecht would donate the vast majority of their Canva equity through the Canva Foundation, and with the nonprofit GiveDirectly, that will distribute $10 million to less fortunate communities in Southern Africa 🌍. “It has felt strange when people refer to us as billionaires as it has never felt like our money,” Perkins said in a statement. “We’ve always felt that we’re purely custodians of it. It’s long been our intention to give the wealth away.” 💌

Retirement account targets by age 30, 40, 50 and beyond 👵

A list of benchmarks were put together by Fidelity, 🚨 but disclaimer 🚨, treat these as aspirational milestones - as these do not account for retirement income sources of social security, pensions, part-time work, and home equity 🔒.Fidelity says that by age 30, have your annual income in savings, let’s say you make $80k per year, then you should have $80k sitting in the bank 🏦.

• By 35, 2x that annual income → $160k in retirement savings 💯

• By 40, 3x → $240k 😬

• By 67, sounds cray, but yes, 10x → $800k 😵

Luckily, if you are in your 20s, you can use the power of compound interest to your advantage. Fidelity (not our financial advice), shares one can try to maximize amounts contributed to an employer sponsored 401K. If freelancing, one can set up an IRA to contribute a fixed amount each month, funneling it into a low-cost stock index fund and make regular contributions ✔️.

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