gm - August 14th, 2022

gm 👋

Crypto markets are twitchy as TradFi gets crushed. Bitcoin is down 5% in the past 24hrs, now hanging just above $20k on $38B of volume. Ethereum heads into the final ~24hrs to merge at $1600 on decent volumes of $19B. An arrest warrant was issued for the Terra Luna creator Do Kwon by a South Korean court. Otherwise, all eyes are on the countdown to the merge!

NFT volumes stay stagnant, with $15M trade in the past 24hrs, with $12M in EVM-NFTs, and $1.7M in Solana-NFTs. Doodles take the top spot with $2.1M in volume following the blockbuster raise of $54M. BAYC follows behind with $1M in turnover and CryptoPunks at the same volume. A pretty normal day all things considered looking at the rest of the pack. ImmutableX volumes have relaxed back to $500k after having a few strong days last week — momentum is hard to carry through in this climate. Sudoswap had a $1M day yesterday and currently looks on pace to do the same in the next 24hrs.

Snapshot of Blue-Chip NFTs

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NFT Headlines:

NFT Renting Platform Shuts Down, Citing ‘Close to Zero Traction’

‘WAGMI’ Is Dead: Pplpleasr, UnicornDAO, TIME President Weigh in on NFTs

Here are the first not-an-NFT “digital collectibles” for PlayStation Stars

Reddit’s Ohanian, FTX Ventures Join $54M Raise in NFT Project Doodles

Web3 is creating a new genre of NFT-driven music

How the Ethereum Merge Ends the Environmental Debate About NFTs

Sci-Fi NFT comic book project lays the foundation for CCG development


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