gm - November 6th, 2022

gm 👋

Crypto is softer to end the weekend, with Bitcoin off -0.5% to $21.2k and Ethereum down -1.4% to $1619. In some fun news, Rolex had filed for an NFT trademark on Friday, citing use cases for “Watches and chronometric instruments with digital codes, labels, tags and digital chips”. Google Cloud announced through Twitter they are running a Solana node, and are working on a solution for anyone to spin up a Solana node on the cloud, and will add Solana data into BigQuery for easy access.

NFT volumes have normalized, back down to search at $13M on the day. ETH-NFTs are $10M, Solana-NFTs at $1M, ImmutableX, and Cardano at $500k each. Cardano makes its first appearance on the boards through Unbothered Wolves which had $150k in turnover on the day. Art Gobblers dropped to $1.3M in volume as the floor price crashed to 7.2 ETH, with the best bid at 6 ETH. Mutant Apes saw interest on the day, with 36 trades for $750k in volume, though the floor price doesn’t budge at 12 ETH.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Beyond NFT fumblings, Square Enix is reinventing itself | Opinion

A Complete Rundown of the Art Gobblers Allow List Controversy

NFTs bridge music communities across genres and blockchain ecosystems

These Top NFT Projects Have Left Investors Reeling From Losses

F1 Team Taps OpenSea for Racing NFT Marketplace, Cross Promotion

Warner Brothers Taps Nifty’s, Daz 3D to Launch Game of Thrones NFTs


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