🎯GameStop is making moves
Otherside is welcoming users, Animoca Brands raised $75 million 💰
Gm Gm!
We are entering the week with slightly higher than recent usual prices of ETH. I don’t think I’m over the shock of ETH below $1000, so I’m still trying to make sense of it. I’m curious what everyone is doing in terms of buying and selling. I’m running a pole here to see what the bullish sentiment is on:
I’m finally feeling like summer is here — took 2 days off from doing anything during the weekend. I hope you are taking some time to take the sun in, and give your mind and your eyes a break from scrolling Twitter.
Dive in👇
🎨 NFTs
CryptoPunk #4156 was sold for $3.3 million, with a $7 million loss when falling price of Ethereum is considered.
Tech entrepreneur Kevin Rose’ PROOF has acquired NFT engineering team Divergence.
Jenkins the Valet Bored & Dangerous NFT launched this week.
samsung.eth and nike.eth were both resold for 60 ETH this week.
OpenSea is laying off 20% of its workforce.
Disney selected Polygon along with 5 other companies for its Disney Accelerator Program.
Ringers #818 by Dmitri Cherniak was bought for 169 ETH.
GameStop launched its Ethereum NFT marketplace.
CryptoPunk #4464 was sold for 2,500 ETH on Tuesday, just over $2.6 million.
Garry Trudeau sells ‘Doonesbury’ strips as NFTs.
WZRDS has a burn mechanism that allows NFT holders to vote to burnWZRDS NFTs listed below a certain price.
🔮 Metaverse News
The Sandbox is preparing for its Alpha Season 3 event.
Otherside conducted another test and published a litepaper.
👾 NFT Games
NFT Game Publisher Animoca Brands raised $75 million at a valuation of $5.9 billion.
Web3 “move-to-earn” fitness game Stepn will use part of its Q2 profits to buy back and burn tokens. The firm is also expanding to the Ethereum blockchain.
🔥 What else is hot?
Crypto investment firm Multicoin Capital, announced its third $430 million venture fund.
A court in U.K. ruled that individuals and entities can be served legal documents via NFTs.
Hostess has created crypto-inspired Twinkies called $TWINKcoin. These are not cryptocurrencies however, but just coin-shaped Twinkies.
South Park’s new episode “The Streaming Wars Part 2” pillories celebrities that recently endorsed crypto, including Matt Damon and Gwyneth Paltrow.
The Celsius Chapter 11 bankruptcy filing shows that its liabilities exceed its assets by $1.2 billion.
Vitalik Buterin is defending Ethereum’s transition to proof of stake, clapping back at Swan Bitcoin’s marketing associate Nick Payton.
📖 Reading List
“Soulbinding Like a State” by Subconscious
“Was Ryder Ripps threatened by Guy Oseary? Exclusive interview”
🧵 Threads
Tell me what you’re working on in the discussion thread! I’ll make sure to check it out, and you might get a feature in the next NFTimes edition!
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Disclaimer: Investing in NFTs comes with inherent risk including technical risk, human error, platform failure and more. This newsletter is strictly educational and nothing we offer is financial advice. We are not professionals or licensed advisors. Views my own and not any other company I’m affiliated with.