gm - August 16th, 2022

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Post-merge, crypto is taking a beating as Ethereum is down 8.5% to $1448 on slightly higher than normal volumes of $20B. SEC Chair Gary Gensler’s suggestion that PoS cryptos could be considered securities, coupled with the realization PoS has centralized risk with a few big institutional players being the largest stakers on the network come to light, caused ETH to tumble. ETHW (PoW ETH) hasn’t faired any better, now trading at $15, down from ~$30 24hrs ago. Bitcoin is off -2.4% to now just below $20k.

NFT volumes stay the same at $16M DoD, EVM-NFTs at $11M, and Solana-NFTs at $2.6M. RENGA is $1.5M turnover and takes the top spot and Sorare comes in second with $1.1M in volumes.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Fortnite Developer Epic Games’ Marketplace Lists First NFT Game

Someone Just Minted an NFT of Ethereum’s Last Proof-of-Work Block

The Boom and the Bust: How NFTs Went the Way of Beanie Babies

A Bored Ape Ethereum NFT Owner is Launching a Real-World Yacht Club

Eye for an eye: Javier Bardem iris NFT to be sold for sight-saving charity.


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