Krypto Kat

Do people go NFT shopping on Black Friday? Based on last year, not really. Thanksgiving (11/25/21) and Black Friday (11/26) were pretty slow days for NFT sales.

Big day for brand partnerships. Azuki is going to be on Red Bull F1 Car & Pudgy Penguins are teaming up w Kelloggs.

Blur announced that they will enforce royalties on projects that block 0-royalty marketplaces. This is important: a) It creates more options for projects & collectors that want royalties enforced b) It tempers the narrative that OpenSea is using the block to monopolize

Only buy an NFT if you: a) expect it to be worth something in 5 years b) are good at selling NFTs & know the exit plan or c) feel connection & are fine with it going to 0 know which category each buy fits into.

Punks flipped apes.

FTX got funded at a $32bn valuation in January and just had an overnight fire-sale after a bank run started yesterday. The speed it happened with can obscure how big of an event this is.

Price of Art Gobblers $GOO got as high as $2000 on Thursday. Now it's at $60.

I have talked to 3 people on Gobblers today: One was annoyed he didn't get an Allowlist spot One was annoyed he didn't sell above 20 ETH One was annoyed he sold below current floor I increasingly think no one is happy.

Saying it here: The most iconic trait introduced to PFPs in the past 2 years is the Doodle Rainbow Puke.

With the OpenSea BAYC floor at 71, there were nine BAYC sales just now on BendDAO which all sold in the 60-65 range.

Reddit is providing more evidence of something I've long believed: PFPs are the best NFT use case we have at this point.

Whoa. Hide your Squiggles. 14 swept and another wallet swept 4 more. Floor to 12.7 from 10.7 this morning. Did @derekedws go on another podcast?

NFT volumes are slow. Very slow. But people are still regularly paying $10k for JPGs. In the heart of a bear market. The "NFTs as collectibles" use case is very hard to explain to outsiders. But it's real and not going away.