gm - December 23rd, 2022

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Crypto markets are resilient despite TradFi taking a hit overnight. Bitcoin is flat at $16.6k and Ethereum is up a touch to $1223. SBF was released on a $250M bail, secured by his parents and their house in Palo Alto — he’ll be on house arrest and is only allowed to leave for exercise. CoinDesk put out a follow-up to Decentraland’s DAUs and has concluded it sits at ~800 as of October 7th (link below). This is better than the previous 38 DAU reported a few months back, but still a far way off from the 60k which was being touted by the team.

NFT volumes are north of $25M today, with ETH-NFTs at $22.5M and Polygon-NFTs at $3M. Solana has $1.6M, but the highest turnover project is DeGods at $200k, so perhaps the $1~2M figure on a daily basis is just static noise. Otherdeed, BAYC, MAYC, and BAKC dominate the top 5 slots, with a combined $10.5M in turnover as Yuga Labs follows up with an Otherside promo. Crypto Unicorns Land Market, a Polygon project, had an explosive $2.6M in turnover, though it was across 27 trades from 14 buyers.

Snapshot of Blue-Chip NFTs

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NFT headlines:

The Final Word on Decentraland’s Numbers

NFT Artist Beeple on the Future of Digital Art

New NFT private auction scam threatens OpenSea users

NFT Marketplace OpenSea Has Blocked Cuban Artists and Collectors From Its Platform, Citing U.S. Sanctions Law

Absurd NFT Project Just Got Taken To Court By Pokémon

The Pokémon Company Takes Crypto Company To Court Over NFT Game

New BAYC Short Film Reveals the Next Expansion of the Apes’ Universe

The Innovators: Curator Tina Rivers Ryan on Getting Over Her NFT Skepticism and What’s Next for Blockchain Art

Dubai opens first physical NFT shop in Mall of the Emirates