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gm - October 18th, 2022

gm 👋

Crypto is basically flat on the day, with Bitcoin at $19.6k on $24B of volume and Ethereum off a touch to $1324 on $9B of volume. Regulatooors are back at it, this time with the SEC and CFTC probing into Three Arrows Capital, adding to the drama following the epic LUNA crash. Aptos, the $2B valuation VC-backed blockchain, launched today with some mixed opinions as the network had only posted 4 TPS to start — rollouts are always slow so it's still too early to tell. However, the biggest criticism lies in the 80% of APT tokens being staked by VCs.

NFT volumes stay stable at around $12M, with ETH-NFTs at $9M and Solana-NFTs at $1M (just a reminder, these numbers ignore wash trading!). Azuki takes the cake in the past 24hrs with $2.1M in flow with over 100 trades — the brand has launched a PBT (Physical Backed Token) through the BEAN chip, a cryptographic way to attach to physical objects to verify authenticity. Sorare has a turnover of $1M as we inch towards the World Cup, and Gods Unchained remains in the top 5 with $700k of volume.

Check out our Dune dashboard for details → https://dune.com/lhagiimn/cyan-market-dashboard

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NFT headlines:

197 NFTs stolen from LiveArtX as floor price falls through

Ripple Unveils Latest Recipients of $250 Million NFT Creator Fund

WTF Are POAPs? The Intriguing Power of Proof of Attendance Protocol

The scourge of NFT wash trading — and how not to get suckered in

SEC vs BAYC? Here’s What Legal Experts Say It Means for NFTs

Toys”R”Us Launches First NFT Collection with Ethernity

Azuki Launches PBT to Link Physical items and Digital World

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