Daily News - May 29, 2022
TLDR:
Punk6529 explains VC and Web3. RektGuy hits new highs. Illuvium dutch auction could potentially raise 165,410 ETH.
Treasure:
Magus Tower, a learn-to-earn protocol, is offering $MAGIC rewards in exchange for completing tasks from their Mission Board. (Source)
OpenSea Trading Volume:
Ethereum climbs 2.6% and closes the day at $1,778.39! OpenSea trading volume closes that day at $25.99M in trading volume - down 9.84% from yesterday’s close.
News:
Punk6529 provides an insightful thread about venture capitalists (VC) and Web3. In specific, the articles highlight the limitation imposed by the Howey Test and SEC regulation, which causes crypto startups to rely on VC funding to avoid regulatory scrutiny. (Source)
Andrew Thurman, a tech reporter from CoinDesk, uses Nansen data to analyze the two most profitable NFT traders. Blockbird and 167E00 earned record profits during the 2021 NFT bull run with both parties clocking over $1.25M USD in profit. (Source)
Chimpers, a project by Timpers.eth, launches a private marketplace that enables users to buy and sell Chimpers with zero marketplace fees. (Source)
Loopify, the creator of Tree Verse, calls into question Illuvium’s upcoming dutch auction land sale. If the auction were to conclude at its starting price, Illuvium would raise roughly 165,410 ETH ($294.29M). (Source)
SnoopDogg, otherwise known as Cozomo de’ Medici, shills OSF’s latest collection titled rektOSF. The floor price of the project currently stands at 0.74 ETH ($1,320.59). (Source)
Notable Sales:
Cancan.eth sweeps 5 Rektguy NFTs by OSF for a grand total of 4.176 ETH ($7,411.77). The buyer currently holds 3 OtherDeeds, 2 mfer, and a total of 15 rektguy. (Source)
If you’re interested in learning more or joining a community of NFT traders, head on over to OriginsNFT