gm - October 14th, 2022

gm 👋

Crypto markets have come roaring back overnight after an intraday reversal of TradFi following the CPI print. Bitcoin is up a whopping +6% to $19.7k on $43B of turnover, while Ethereum is up an even more impressive +8% to $1330 on $16B of volume. There are a couple of headlines for web3 fund raises — Uniswap raised $165M in the latest round, and Binance has scrapped together their shekels in the amount of $500M to extend loans to miners.

NFT volumes are back above $10M to ~$13M, with ETH-NFTs at $11M and Solana-NFTs at $1.3M. Sorare takes the top spot with $1.3M in turnover as we get closer to the Worldcup starting. BAYC + MAYC are collective $2M, with 43 transactions on MAYC as activity picks up after the SEC investigations on Yuga Labs — Apecoin is back to $4.65, struggling to come back to the $5 mark.

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NFT headlines:

Dragonfly and OpenSea back $10 million raise for NFT financing firm MetaStreet

Physical NFTs? One Potential Mainstream Use-Case Explained

NFT games are ‘only scratching the surface’ of what’s possible — Animoca’s Yat Siu

Japanese gaming giant’s hiring spree ahead of NFT marketplace

Magic Eden Losing Market Share as Solana NFT Traders Reject Royalties

NFT games will fail in Asia unless the fun comes first

Beeple Building Physical Studio to Bring NFTs Into the Real World

Industry exec explains why NFT fraud protection falls on brand and not marketplaces


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