gm - October 23rd, 2022

gm 👋

Crypto is absolutely flat over the past 24hrs, as Bitcoin is stuck at $19.2k and Ethereum at $1307. Both have low volumes, $13.5B and $5B respectively. Top news for NFTs over the weekend is the blockbuster sale of 8 Azuki Skateboards to the tune of $2.5M on the back of the first PBT (Physical Backed Token) issued.

Congrats to the crazy 8 who won in bidding

NFT volumes are softer, and below $10M on the day with ETH-NFTs at $8M and Solana-NFTs almost at $1M. Sorare takes the top slot with ‘only’ $1M in turnover, while BAYC is in second with $840k. Otherdeeds has dropped off the map with $400k in volume after plummeting floor prices drive the collection out of favor. Azuki rides the success of the skateboards sold and has a $700k volume day on 43 trades.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Why NFT royalties are almost impossible to enforce on-chain

The results of the Azuki Golden Skateboard auction are in.

Why Yes, an NFT Bar Is Opening in North Park This Month

Austria Leads European Tech Innovation With NFT Stamp Art, Despite Crypto Winter

Lamborghini To Drop World Tour Limited Edition Themed NFT

Cardano (ADA) to the moon! Biggest NFT collection reaches monumental milestone


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