Daily News - May 12, 2022
TLDR:
Yuga Lab launches a preview of their upcoming metaverse! Doodle will launch their airdrop tomorrow!
Treasure:
TreasureDAO will be hosting a Twitter Spaces event with Magic Dragon DAO (MDD) on May 15th at 6:00 PM EST. For those unfamiliar with MDD, it aims to serve as the Curve equivalent for the $MAGIC ecosystem. (Source)
OpenSea Trading Volume:
Ethereum temporarily dipped to $2,030.89 before rallying and closing the day at $2,132.06 (-9.1%). In a similar manner, OpenSea trading volume closed the day with $74.9M USD - down 42.1% from yesterday.
News:
Yuga Labs launches a preview of the Otherside which will be built out by Improbable IO! Thus far, the demo has received great reception and translated to a 5 - 10% price appreciation. (Source)
USDD, an algorithmic stablecoin built on Tron, had temporarily de-pegged. There has been increased pressure against algo-stablecoins following the collapse of Terra Luna’s $UST. (Source)
Doodle holders will be able to claim a dooplicator tomorrow! (Source)
The Dancing Baby Collection has officially launched on Foundation with a reserve price of 0.96 ETH. (Source)
Notable Sales:
BAYC #8585 is sold for 142 ETH to punksOTC2! Interestingly, the BAYC was previously purchased by 86292F for 696.969 ETH - translating to a loss of 554.97 ETH (-$2.27M). (Source)