gm - August 7th, 2022

gm 👋

Absolutely quiet day. BTC barely changed at $23,130 on $14B of volumes, which is pretty much half of the norm. ETH is softer -1% to $1700 on $10B of turnover, ~35% lower volumes vs. usual. NFT/Metaverse names are also basically unchanged on the day, $APE is chill at $7.2.

NFT volumes were off, with only a $14M turnover in the past 24 hours. EVM-based NFT only saw $11M, and Solana-based NFT printed $1.3M. CryptoPunks carried volumes with $3M changing hands. Sorare was $1.1M while Moonbirds was $0.9M. The top 5 projects were 50% of the total volumes on the day.

Snapshot of Blue-Chip NFTs

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NFT headlines for today:

Bohemian noble family redefines modern aristocracy by selling NFTs to preserve and share a 700-year-old legacy

GameStop NFT “creator” is suspended for selling NFTs of indie games they didn’t own

Immediate Backlash as Sony Asks Players About Purchasing NFTs

Latest Lamborghini NFT Is A Supercar Road Trip Through Space


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