Daily News - April 7, 2022
TLDR:
Ethereum and OpenSea trading volume continues to tumble. Solana NFTs are officially available for trading on OpenSea. $MAGIC will be featured on Bankless tomorrow!
Treasure:
Tune in tomorrow at 8 PM EST to Bankless! John Patten, Gaarp, and PTA will be the featured guest where they’ll discuss the bull case for TreasureDAO / $MAGIC. (Source)
Arbitrum provides more details on their upcoming Nitro upgrade! For those unfamiliar with Nitro, it should serve to significantly reduce transactions fees on Arbitrum (estimated to be a 30 - 55% savings). (Source)
OpenSea Trading Volume:
Ethereum hit an intraday low of $3,149.93 before closing the day at $3,193.32 (-4.9%). Unfortunately, this drop coincided with a significant reduction in OpenSea trading volume. We closed the day with $100.79M (-19.21%) in daily trading volume.
News:
OpenAI officially unveils DALL-E 2 - an artificial intelligence program capable of converting text into new images or art. It’s completely taken the AI-focused NFT space by storm, as these creators have unlocked a new tool to further their creativity. (Source)
OpenSea finally integrates Solana-based NFTs! The marketplace now supports Ethereum, Polygon, Klatyn, and Solana-based NFTs. (Source)
FIP #8 is the latest proposal to Floor DAO, an NFT market-making protocol, to acquire 250 MiLadys and 500 Tubby Cats for its treasury - a cost of roughly 300 - 450 ETH. (Source)
Binance led a $150M funding round for Sky Mavis, the creators of Axie Infinity. The funds will be used to reimburse users impacted by the ~ $600M exploit on Axie Infinity’s Ronin sidechain. (Source)
Following a sub-optimal launch, AJ Vaynerchuck is reimbursing users that lost transaction fees from attempting to mint Vayner Sports Pass. (Source)
Notable Sales:
A newly funded wallet swept 23 FewoWorld Paint for 18.11 ETH ($57,746.09)! The project has garnered significant attention due to its massive success despite being an open edition that ran for over 36 hours. (Source)