gm - October 30th, 2022

gm 👋

Crypto takes a breather after blockbuster moves last week. Bitcoin is flat at $20.7k on $28B of volume, and Ethereum is softer to $1600 on $13B of volume. Everyone is digesting the reality that Reddit has successfully introduced NFT technology without making it the central focus, and giving regular internet folks a taste of crypto. Everyone is also digesting the fact Elon has taken over Twitter, while the US and European lawmakers and governments (including Biden!) shoot ominous warnings on the enforcement of censorship on the platform.

NFT volumes hang around $11M on the day, with ETH-NFTs at $8M and both Solana-NFTs and ImmutableX-NFTs at $1M each. Gods Unchained has taken the top spot with $1.1M in turnover on 21.5k trades. BAYC is comfortably in second with $900k in turnover, while Sorare takes third with $800k. Worth mentioning Azuki has been consistently in the top 10 all week, hanging around the $400~500k volume range.

Snapshot of Blue-Chip NFTs

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NFT headlines:

Is Twitter’s Future NFT-Heavy? Its Latest Feature Allows Users to Buy and Sell NFTs via Tweet

This week in the metaverse: Save your NFTs from disappearing, Microsoft squanders an early advantage, and Meta is hemorrhaging money

NFT Marketplace LooksRare Switches to Optional Royalties

Generative Art NFTs Bring New Heat to Crypto Winter

Could This Trademark Filing Mean PayPal Is Creating an NFT Marketplace?


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