NFT Night News, 19.08.2022
It has been a busy week. One of the most exciting parts of working in the Web3 environment is that you can meet so many inspiring people
This week, I had 8 meetings with Founders and Creators. All with great ideas and thoughts that help me to think of new business models in that space.
Yeah, the market is still down, e.g., OpenSea had the lowest trading volume in months (link below). This is bad. But I think this is just washing out the greed and short-term thinkers. Or do I hope it? No, these founders and creators are what keep me excited.
What happened in the last few days?
This week we hit another month low in NFT sales volume:
Interestingly enough, more people registered a .eth name than ever before. In just four months, registration doubled to 2 Million (make sure to get yours, I registered alker.eth a while ago):
Sudoswap
Many think royalties are given with NFTs and are "programmed into them." Sadly that is not the case. It is an agreement between someone who creates the NFTs and the platform selling them to take royalties and pass them to the NFT project. But nobody is forced to do that. That is precisely what SudoSwap is doing, and they are gaining more and more traction. Let's see what that means for royalties in the mid-term:
If you are into numbers, here is a dashboard on SudoSwap:
It is clear that "The Merge" is coming mid of September. Ethereum.org published a few FAQs to debunk a few myths around The Merge:
NFL All Day, the NFL version of NBA Top Shot, is out of beta and publicly available now:
Puma is launching their first NFT project:
Until yesterday, I had never heard of BendDao. It is a lending platform for NFTs. You lend them your NFT. You get ETH. And they liquidate your NFT if the price drops too much and you are in danger of being unable to pay back the loan. This is what seems to be happening at the moment. I am still trying to get my head around all of that. But some people fear it could drive the market down further, as a lot of Bored Apes and other Blue Chips are close to being liquidated:
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Enjoy your weekend!