Daily News - June 18, 2022
TLDR:
OpenSea lets users showcase their NFTs. 3AC is on the brink of a bailout. ImmutableX devotes $500M to crypto gaming.
OpenSea Trading Volume:
Ethereum continues its decent hitting an intraday low of $1,056.95 before bouncing up to $1,084.48 (-2.1%). OpenSea trading value touches a local bottom closing the day with $15.91M USD in volume.
News:
OpenSea introduces the ability to curate and showcase your NFT collection via their Feature tab! (Source)
Three Arrows Capital (3AC) is exploring the possibility of a bailout due to an insolvency crisis brought about by poor risk management and excessive leverage. (Source)
Immutable X, a layer two scaling solution for Ethereum, aims to bootstrap crypto gaming with the introduction of a $500M fund. (Source)
MoonCat2878 continues to acquire Chimpers NFT during the bear market with his latest purchase totalling 10 ETH. (Source)
Truth Labs partners with TokenProof for their NFT NYC event! If you own a Goblintown.wtf make sure to register. (Source)
SafeMoon, the once darling child promoted by Jake Paul and Soulja Boy, suffers from 95% slippage due to a lack of liquidity within the trading pool. (Source)
Notable Sales:
Cozomo de’ Medici picks up CryptoPunk 7899 for 50 ETH ($54,823 USD)! This punk previously sold for 27 ETH ($40,068 USD) on March 2, 2021. (Source)
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT