Weekly Check #5
Welcome back to your weekly look at relevant micro/macro events and indicators in Web3.
Keeping it short and sweet this week.
General Crypto Markets
As usual, taking a look at the weekly chart here for Total Crypto Marketcap. Another test of the $1 Trillion marketcap for digital assets. Last time we saw buying interest at this level, I believe we will see it again.
NFT Markets
Volumes in the NFT markets have cooled off a bit since the $Blur farming madness we have seen the last few weeks. With the price of $Blur decreasing($1+ → .60 cents) it seems some traders are not feeling incentivized. What will be the next event to spike volume in the NFT markets?
The Blitkin Project
I want to take a moment today to shoutout an awesome project. Blitkin is a love letter to Blitmap, and embodies true on-chain cc0 culture. 17 individual artists, including ME, contributed to making 100 original 32x32 pixel pieces that have been inscribed on Bitcoin.
Blitkin sold out 1600 ETH NFT’s yesterday — these NFT’s are also on-chain and in direct communication with the Ordinals. The project is trending on OS and Blur for secondary sales volume in the first 24hrs. Pretty insane! As you can see in the picture below, Blitkin is over 200 ETH in volume JUST on Opensea. Check out Blitkin.
TwelveFold mint
Yuga had their generative fine art mint. It did NUMBERS — Check out the leaderboard below.
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Have not dug too much into how buyers or speculators are feeling about the launch, but judging by the books Yuga is certainly happy!
Total raise: 735 BTC or roughly $16.5 million
Stay Safe!
Heads up!! There are a ton of scams in the Web3 space and you have to do everything you can to protect yourself. Pocket Universe is a great download to get started. It protects your from phishing links and other popular scams that drain your wallet. Please let me know if you have any questions!
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