gm - September 6th, 2022

gm 👋

Bitcoin is flat on the day, trading at $19,800 on $33B as all the focus is on the Ethereum merge. ETH is pumping a bit to $1665 on $18B of turnover, as the Bellatrix upgrade has commenced, the first step in kick-starting the process of moving away from PoW. chart

NFT volumes jump to $20M on the day, $15M coming from EVM-NFTs, and $3M from Solana-NFTs. Terraforms is a new project taking hold of the top spot with $3M in debut turnover. ENS has slid into second with $1.7M exchanging hands on the day, driven by 3,200 transactions! BAYC is in third with $1.3M in turnover, and ImmutaSwap hanging in the top 5 with $1.1M. y00ts has taken Crypto Twitter by storm as everyone tries to slot into the WL and Dust Labs raises $7M in seed round capital to build out DeGods, y00ts, and $DUST.

Snapshot of Blue-Chip NFTs

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NFT headlines:

August NFT data wrap: Is web3 gaming full of bots?

Reddit NFT avatars selling for a premium on OpenSea

NFT Software Company Dust Labs Raises $7M During y00ts Release

Ethereum Domain Names Top NFTs as Most Traded Asset on OpenSea

Islamic State Turns to NFTs to Spread Terror Message

ISIS Is Minting Propaganda: When NFTs Put Lives on the Line

Golden State Warriors’ Co-Owner to Start Fantasy Sports-Style NFT Game


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