Daily News - April 6, 2022
TLDR:
Ethereum tumbles 4.8%. OpenSea trading volume drops 4.7%. AJ Vaynerchuk’s latest “stealth” launch burned 7.6k ETH in transaction fees.
Treasure:
TreasureDAO is launching its official newsletter titled The Compass! The team has officially released their very first edition with more content scheduled to release bi-weekly. (Source)
It’s official! John Patten will be joining Bankless, the leading Ethereum-based podcast, to discuss TreasureDAO and $MAGIC. (Source)
Alerts:
Linkoman, the highly respected NFT analyst, has uploaded his latest video discussing the important trends within the NFT space. For those looking to better learn about this market, highly recommend checking the video attached below. (Source)
OpenSea Trading Volume:
Ethereum is currently down 4.8%. In a similar manner, OpenSea's trading volume tumbled by -4.8% to $124.76M USD.
News:
AJ Vaynerchuk's latest launch of VaynerSports was met with harsh criticism following a sub-optimal minting experience. Despite intending to launch the project as a stealth mint, the team disclosed information related to the mint within their discord. As the news leaked, a gas war ensured that led to 7652.06 ETH ($26.4M) being burnt in transaction fees. (Source)
Microstrategy, led by Michael Saylor, purchases an additional 4,167 BTC for $190.5M. This brings the company’s holdings to a grand total of 129,218 BTC at an average cost of $30,700. (Source)
JPEG, an NFT finalization protocol on Ethereum, launches single-sided staking. For those unfamiliar, the project seeks to provide liquidity to NFT holders via lending and fractionalizing their NFTs. (Source)
Sam Spratt releases his latest 1/1 piece titled IV. Return to Diorama on SuperRare. The current highest bid stands at 52.5 ETH by Punk6622. (Source)
Roughly one week ago, Axie Inifity’s Ronin sidechain was exploited for $620M USD. To prevent a similar attack from occurring in the future, the Axie team has onboarded 5 additional validators to better secure the network. (Source)
NFTWorlds, the P2E metaverse built on top of Minecraft, is testing to see if the community would be interested in NFT World merchandise. For those interested, be sure to fill out the form attached below! (Source)
Notable Sales:
0xsoros.eth swept 20 Mfers for a total of 55.7449 ETH ($186,166.23)! The wallet holds 22 Azuki and 44 Beanz Offical NFTs. (Source)