Traditional markets are trading relatively firm; we had a decent close on Friday with things unchanged on today's open. Crypto closed well going into the weekend but has sold off since along with $hitcoins, and it seems like the season is reaching a lull, but we likely haven't seen the end just yet. One of the major talking points has been the amount of Ethereum burned during all of the trading; It has been deflationary for a while now with all of this activity, and there are now concerns and speculation around the long term effects.

We have the CPI number coming in this week. If the number misses then we could see a sell off, but if the number is lower than expectation it could be a less notable event. 

We are still in a tepid state with NFTs; some major sales have still happened with things like Azuki, and Cryptopunks are hanging out around 50 eth with Apes in the 47-48 range. There was a major headline going around where 14 apes were sold and immediately swapped for $PEPE, which is not doing well currently.

@punk9059 talked about a difference from NFTs vs Stocks/bond trading, where the former plays into momentum and the trend of the moment. The strategy and practice may be similar but the foundation and influence are very different. 

Something like 80% of the loans that have gone out through BLEND have been recalled back already, take that as you will. 

If you are trading the $hitcoins, it's best to try and find something with a story at the very least. The action of these coins is rapid and unforgiving. Protect your funds and as always do not deploy capital that you cannot afford to lose. 

We were joined by @dannygreene & @meebstew to talk about everything @MeebitsNFTs. Turnon.meebits.app is the new site and has been one of the latest initiatives since they were assimilated into the Yuga ecosystem. The living PFP is the result of adding different expressions and emotes by animating the 3d characters. Giving life to the Meebs and making the animation accessible to users who aren't Blender experts is the mission.

Today we announced our STUBS artist #7 @YAGAMIIIARTS to go over his singing in the rain piece that he is sharing with the GM Web3 listeners. He has done art for the past 10 years, and describes himself as "just an artist" and a late starter, although you might disagree looking at his beautiful work. 

The Rug Radio Membership Pass was one of his first mints ever, and now he is minting a piece for the Rug Radio audience. That is what we love to see and the type of story we hope to replicate.

His style is NeoFauvism, which was also our code today for stubs and rewards. Fauvism was an early artistic movement that started in France and is attributed to the larger modern art category. Around the early 20th century people started experimenting by taking the realism out of the art and creating from their own views and perspectives with colors and livery. Fauvism sparked other movements like cubism and other really colorful styles; It broke the tendency of art to be naturalistic and represented in a true to life lens. Yagamii intends to combine modern contemporary art style with an appreciation for art history through his work. 

Yagami is also putting together a team to promote and contribute to the NeoFauvism style. It is set to be a curation in collaboration with Foundation that will highlight the style and the group of the artists that are creating using it!

GM!

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