gm - August 17th, 2022

gm 👋

Crypto markets are softer again, as spot prices grind lower day by day this week. Bitcoin is now at $23,430, a -1.9% move on $30B of volumes. Ethereum is lower -2.4% to $1835, trading on a decent $17B turnover on the day. Rotation into meme coins continues with DOGE up close to 30% on the week. Little newsflow specifically for the space, outside of Genesis Trading letting go of 20% of their workforce and Celsius allowed to sell Bitcoin they’ve mined — and also their CEO Alex Mashinsky taking control of trading 3-months before declaring bankruptcy.

NFT volumes are $18M, with EVM-based NFTs at $14M and Solana-based NFTs at $1.1M. Yugalabs projects dominate the top 3, with BAYC+MAYC+Otherdeeds taking $5M of the volumes on the day after the BAYC Twitter account hit 1M followers. Doodles had a good volume day with $1M trading hands.

Snapshot of Blue-Chip NFTs

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NFT headlines on the day:

Why NFT Creators and Collectors Can’t Stop Talking About Artist Royalties

Blue chip NFT performance fails recovery, but investors HODL even harder

Could NFTs spark a photography revolution? Meet the innovators

What Is Dogechain? The So-Called Dogecoin ‘Layer-2’ for DeFi, NFTs and Games

CryptoPunks TV Show? Meebits Food Truck? Both Now Possible as IP Rights Get Released


Unstoppable Domains Streamlines Use of Web3 Identities Through iPhone App

MTV Creates VMA Metaverse Space on Roblox to Attract New Viewers

OpenSea Changes Stolen NFT Policy Following User Outcry.


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