gm - August 3rd, 2022

gm 👋

Traditional markets looked relaxed, which is also allowing crypto markets to take a chill pill despite the Solana drama (again). BTC is up 1% to $23,275 on $40B of volumes. ETH rebounded and recouped all the losses from yesterday to back at $1650 on $19B of turnover. NFT/Metaverse names are strong, with $APE leading the way back to now $7.35, up 10% on the day. $MANA is +3%, $SAND +2% and $AXS +2.5%.

NFT volumes were $16M on the day, barely changed from yesterday. EVM-based NFTs were a light $12M, while Solana remained suspiciously at $1.7M even with the siphoning of SOL from seemingly random wallets. Many suspect the hack happened from nefarious NFTs airdropped into innocent users’ wallets, and unknowingly had a zero-day attack nestled neatly inside. OpenSea had a much lower turnover of $9M today, while LooksRare struggled to get $0.5M. Sorare leads the boards again with a $1.5M turnover as the Premier League starts soon, followed by La Liga and Bundesliga starting in September.

Blue-Chip NFTs on the day

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NFT headlines for today!

Pearson plans to sell its textbooks as NFTs (fuuuuuuuu)

OpenSea NFT Gifting Feature Raises Concerns About Mislabeled Transactions

An Italian Artist Claims to Be Pak, Maker of the Most Expensive NFT of All Time. Is It Really Him or Just a Conceptual Joke?

Crypto users spent $2.7B minting NFTs in first half of 2022: Report

Planet of the Bored Apes: Inside the NFT world’s biggest success story

NFT Exchange Magic Eden Expands to Ethereum

Sudo and Verse: Alternative Models for NFT Marketplaces

Hong Kong university to inaugurate mixed reality classroom in Metaverse

Ticketmaster scouts productization of enterprise NFTs beyond ticketing

Gucci now accepts ApeCoin through BitPay


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