gm - August 31st, 2022

gm 👋

Crypto taking a breather after some beating these past few days, with Bitcoin climbing back to $20.3k and Ethereum right on $1600. Volumes for both are relatively healthy, $32B and $22B respectively. Fat finger news of transferring $10.5M to a customer over half-year ago and are chasing for the funds through legal means after finding the gap in an audit — customer bought a house and shared some of the funds with their fam and yeeted outta there, nowhere to be found.

NFT volumes are at $19M on the day, $14M of it in EVM-NFTs and $1.8M to Solana-NFTs. ImmutableX had $1M, while Polygon spiked with $1.5M in volumes after OpenSea onboarded the chain natively into their Marketplace and Uniswap v3 Positions NFTV1 show up with $1.4M in turnover (Polygon network NFT). Moonbirds + Oddities holding the top spot on the day with cumulative volume of $3.3M as Kevin Rose’s Proof raises $50M— Moonbirds floor back to 13.9 ETH. BAYC is back in the mix at $1.8M, with MAYC turnover low at $425k. CloneX simmers vs. yesterday but still a decent day with a $900k turnover. Worth noting DeGods and y00ts Twitter accounts were suspended.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Singapore’s Temasek Aims $100M at Metaverse Giant Animoca

Are Restaurant VIP NFTs DOA? Twitter Thinks So

OpenSea Adds Polygon Support to Expand Features, Accept MATIC

A16z Wants to Standardize NFTs by Giving You a License for Your Token

Kevin Rose’s Proof Raises $50M, Plots Token and Moonbirds NFT Expansion

NFT Security Startup Tokenproof Raises $5M to Keep JPEGs Safe From Scammers

Magic Eden looks to challenge OpenSea’s NFT dominance

Star-studded digital avatar startup Genies launches NFT fashion marketplace


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