gm - September 3rd, 2022

gm 👋

Crypto is softer over the weekend, Bitcoin down -1.2% to $19.9k and Ethereum is -2.6% to $1550. Lots of hot takes and newsletters to digest on the upcoming ETH merge, including the PoW merge.

NFT volumes were super light on the usual platforms, total volume at $13M with ETH-NFTs at $7M and Solana-NFTs at $3M. ImmutableX saw $1.3M in turnover, taking the top slot in terms of projects/collections. BAYC nowhere to be found in the top 5 today, MAYC makes it with $500k in volume. Sudoswap had around $2M in turnover over the past 24hrs, so there could be an argument real volumes are starting to shift over — however, it's still too early to tell if the momentum is going to carry through judging from user growth (still early days!).

Sudoswap daily volumes (the last bar is Sep 3rd)
Snapshot of Blue-Chip NFTs

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NFT headlines:

Bankrupt HQ Trivia’s NFT reinvention scores $7 million seed round

Automated NFT Market Maker Sudoswap to Release Its Governance Token via Airdrop

Muse become first act to top UK charts with NFT album

Hacker Steals Bill Murray’s Crypto After $185K NFT Charity Auction

FIFA Launches NFT Platform on Algorand in Run-Up to World Cup

Disdain for NFTs in video games is part of a slow green revolution

Invisible Friends NFTs: A Guide to a Growing and Inclusive Collection

Do I really need another picture of an ape? NFT market slumps in August


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