GM Web3 ☀️Recap - May 26, 2023

Degenz Market Report by @osf_rekt and @rektmando

Another good day for stocks today with the S&P up 1% and the Nasdaq up 1.5%. Interest rates are heavy and were up almost 1.6% on 2 yr treasury. OSF thinks this may be due to PCE numbers coming in properly, as well as some constructive talk around the US debt issue. Interest rates have sold off for basically the past two weeks with stocks rallying which is inverse from the norm.

Crypto is up slightly but still lagging behind stocks which have moved up roughly 10% higher. @farokh checked price, price was good. 

The payrolls report is coming next friday which is the next major macro event. 

ETH 4 LIFE

@0xfoobar joined us to tell us that BTC is going 0 after we had the bitcoin Maxis on stage yesterday. He also described the nuanced differences and advantages of using ERC-20's vs Bitcoin and BRC-20's, ordinals etc. He says that Bitcoin is basically a great store of data, but not a practical, or even capable, choice for many of the things we are seeing built on ethereum. 

"People saying they will build ZK rollups on Bitcoin are just flat out lying" - foobar

Conceptually, you could hard fork the chain completely and update things, but this is just not realistic, and a soft fork doesn't solve the issues because the problems are on the main chain. What people are doing on Bitcoin is just a worse version of Ethereum; they are recreating things with less efficient tech.

GM

The positive side to what's happening on BTC is that there could be a cultural advancement around the first coin and the space as a whole. Hopefully people experiment and break things which leads to people trying to fix things and finding solutions to further advance blockchain tech.

Non EVM chains to 0! (jk we love BTC still but had to provide some ETH propaganda after yesterdays episode)

Jalil & Checks

@jalil_eth joined us from Germany! He has been a friend of Jack Butcher for years, prior to web3. He has worked with the Visualize Value brand and Checks behind the scenes on the coding side.

The original Checks project was minted on Zora with the original concept of just burning checks to reduce supply to get to the single checks being ousted; The problem was that this didn't reward everyone. Jalil points to the different traits of the checks that are all determined on chain; This all tells the story of wanting things to be immutable and how the community will create the art based on their decisions.

Jalil was mainly a programmer for 10 years and only recently became involved in the Ethereum world over the past few years. His passion comes from a love for combining technology with art. 

Code is Art.

He tells a story of having to rewrite the entire Elements code due to an economical issue that was brought up that might have allowed for people to get early access. He rewrote it all along with the user interface for elements just days before launch.

"The power of Art inspires us to act a certain way, and checks does this." - Jalil

There will be two new Opepen sets available for holders to opt in. Apparently, Batsoup’s art was the original inspiration for the Opepens!

We were joined by Orlando to talk @nftees_com, an idea where you can wear your NFTs. You just choose one from your wallet and then you can rock it on clothing. There is an option to do digital wearables or physical clothing!

Dress to Flex,

@mylama_eu is an exchange that allows for traditional currencies to be used and is expanding globally. @brighamsantos is the founder of the LAMA bank, with the goal of pushing the mission of mass adoption. They want to enable new participants to buy/sell crypto and NFTs in a safe and secure way.

https://linktr.ee/rugradio

A good start to the day for equities with the Nasdaq up on the back of NVIDIA earnings; this seems to be a direct result of AI income. Their market cap appears to have reached 1 trillion!? As a result of Nvidia, tech stocks are up roughly 2%. Notable mention that the CTO of NVIDIA was also quoted earlier this year saying crypto doesn't offer anything useful.

Crypto bounced slightly in line with tech stocks but not really a noteworthy move price wise.

We saw a move lower with Miladys, due to the BLEND downward pressure. Mutant apes are also suffering from the downward spiral effect of BLEND. It feels like the narrative is shifting around BLEND as projects experience an initial pump but then plummet, which to be fair is not the fault of the platform itself.

0n1 Force aloha finally dropped, and they are said to have a new CTO which looks like the start to a strong team being built for the anime based collection.

Hape Prime, from Jan 2022, made by Digimental Studio, was purchased by Vertex Labs for $12 million. Mando thinks this is a high price, and compares it to the recent valuation for Pudgy Penguins.

10 new squiggles sold and there was some trading around the sales. There was also a blind auction that closed yesterday in the 19 ETH range featuring squiggles that are minted by @ArtOnBlockchain

. There are now only 226 more Squiggles left unminted now.

@DavidFBailey CEO of @bitcoinmagazine joined our stage along with the grand wizard @udiWertheimer

.

David joined the stream poolside but was rugged due to beautiful weather on the island.

In 2018 the Bitcoin conference was built along with the resurrection of Bitcoin magazine, which was purchased from Vitalik Buterin! 2012 is when David found out about bitcoin and he originally thought it was a scam, and even tried to prove to his friend that it was. Obviously he failed, and this was the onset of his Maxi tendencies. He went all-in on BTC in 2013 and it's been history ever since.

He also spoke about color coins, which were a paper written by Vitalik, and ordinals being a revamp of this original idea leading to a resurgence of this ancient tech.

David describes layer 2 solutions that will be built in the future via the fees on bitcoin being created today, laying down and creating new infrastructure will usher BTC to be the accessible amazing tech that it has potential to be!

BTC OG's and maxis are coming out of the woodwork to create on top of the ordinals protocol. David imagines 10's of millions of dollars being poured in and 100's of thousands of developers surfacing to push the bar.

The platforms that drive the most fees to miners and carry the most influence will push the bar exponentially. There are many competing visions for what comes next in BTC, but anything that has been built on ETH has the potential to be built on bitcoin and tried for success.

UDI points out that the reason many things were built on Ethereum were not a result of technical inability, but rather a cultural barrier that had never been overcome.

@huuep spoke on how fees are low now but in the future when fees are high things will have to be done differently. For instance, inscribing art is affordable now so take advantage as it may be out of reach in years to come.

GM

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Traditional markets are not off to a great start today. The 21 day treasury auction ended yesterday at a yield of 6.2%, due to a lack of resolution about the debt ceiling talks. The auctioned bills are set to reach maturity around the "X-date", when the Treasury expects the government to no longer be able to pay its debts if Congress doesn't reach a deal. As the end of the month approaches the fear is escalating and the talk is getting louder. 

Bitcoin is down to $26.8k and the ETH is down to $1,741. It seems like the natural progression considering the state of the traditional markets. This looks like an appetizing dip, but be cautious as we are not in a stable environment. 

The dollar has been showing some strength which is actually dragging down the value of other things, like crypto. Whether or not the US actually runs out of cash remains to be seen, but our hosts agree that this is an unlikely event and the same people have been on the soap box saying these things for a while. If we come out on the other side of this properly, the rebound will be significant. 

Not really much to report over right with NFTs. We saw some more movement in the Artblocks ecosystem, which all started with the big Fidenza sales; we also saw some decent ape sales including a crown and gold grin. Miladys is still bringing decent volume since the Elon tweet but the floor has fallen to the 3 eth range.

RarePass genesis' were swept and the floor is up to 15 eth.

Captainz and the 9gag ecosystem are making waves and talks of the $MEME coin are still in the air. Legality, hype, untapped market and huge following are the perfect formula for a successful launch. 

@punk9059 thinks PFPs are in a rough state. Miladys have been dominating via BLEND volume. The current trend is a floor price pump after a BLEND announcement and then once its live a huge dump of supply from big holders. Events like a massive mutant ape dump in the hundreds or the looming holder who has ~400 CLoneX are keeping the market shaky. There are roughly 30 big farmers controlling the big bids and dumping. 

There are currently 24k ETH worth of bids on mutants meaning the liquidity is still there despite the feeling of a shrinking market. @k2_nft is a great account to follow to get informed on the BLEND bid/dump world.

@Ledger recover has been delayed and put on the back burner. They have responded to the market's reaction about the recovery system. They are starting with a white paper on the recovery protocol and slowly making the OS open source. 

@cz_binance posted a video of China Central Television (CCTV) covering crypto topics that went viral. Starting from June 1st, the Securities and Futures Commission of Hong Kong will be implementing a mandatory licensing regime for virtual asset trading platforms. @Alicia_MEXC thinks this is bullish news as it will bring in new participants and create a safer way for the public to interact.

GM

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Stocks are down and interest rates are up to nearly 4.4% on 2yr treasuries, which is the highest it's been since march. The US debt ceiling conversation is stirring up emotions and talk around markets, causing general fear.

Crypto is up a slight bit and looking strong with BTC around $27.3k and ETH around $1850, while alt coins are not following suit. The layer 2 story is still a strong narrative but all of the layer 2 coins are not doing well price-wise. A new issue for other chains is that Bitcoin has become the 2nd biggest coin for NFTs now; if it properly adds an application layer, it will be a huge threat not only to ETH but to all chains in general. This certainly raises questions about Layer 1's.

Most of the companies competing will have to use their treasuries to fund development. The more centrally held coins are more susceptible to spending, and it could spell problems in the future.

NFTs

Did you know, T-pain dropped NFTs in 2021? The more you know

There has been a resurgence in the generative art market which seems directly related to the Sothebys auction. Fidenza sales are happening, pushing the floor above 80 ETH and squiggles are  making moves now with the floor sitting above 12 eth.

Jack butcher has an IRL auction going on at Christies with pieces going for 11-15 ETH. The sentiment around Jack is great and he is now seen as a mainstay in the space.

What we've seen over the last few weeks is that the higher end of the market is still trading well. Crypto punk hoodies, gold apes, Fidenzas all definitely have the potential to bring up the mid to lower part of the market with it. OSF thinks that the price of ETH will be a decision maker. If it breaks above 2k into the 3k range we could see the high-end sales slow down.

RTFKT saw a bounce and have recovered above 3 ETH, which seems to be a result of the recent sneaker forging. They still have Animus in the works and nearly no news on this big initiative from the project.

A couple MFERS have started a physical product initiative and will be selling chairs in Canadian Lowes!

Bitcoin pizza day was celebrated yesterday, and @Pizza_DAO

kicked off parties all over the world in 120 different cities. We hope you got your slice!

theOMparticle

We were joined by @technicalroom and @FractalWoman to discuss @theomparticle. Fractal woman has been involved in computer science for many years and made her first generative piece using PUNCH CARDS! They have been on the fractal scene since it was created!

Jordan tells stories of warming his winter home in Canada with mining equipment!

Fractals involve an iterative process which is basically a mathematical feedback loop. The mandelbrot fractal is the mothership of all fractals. All others emerge from this source essentially. The IT coin is basically a form of currency that represents the fractals. The OM particles are combined to generate a buddhabrot and the iterations take a certain amount of energy to create, making each IT coin unique.

1 $ITcoin= 1 iteration = 1 free mint of the project.

GM

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Equities are holding steady, after experiencing a minor dip on Friday before rebounding to previous levels. Meanwhile, interest rates have seen a significant sell-off, with a substantial 70 basis point movement since the introduction of the banking crisis a few months ago. The current buzz revolves around discussions regarding raising the US debt ceiling, though OSF highlights that this topic has been extensively discussed in the past without any tangible actions taken.

Crypto has been quiet with BTC and ETH hovering around the same levels.

Payrolls are the next major macro event going into next Friday. The FOMC is also coming next month which could be a big one considering it could be the first time in over a year that the Fed might not raise interest rates. Look out for that in June.

Alts have been trading poorly and ETH has acted like a stable, while Bitcoin has seen some lower numbers, threatening to dip below support, but then it just rips back to its norm.

There are a number of short positions across all markets in stocks and bonds which could spell a massive reversal. It is generally agreed that the US will not default, with the key points likely being more in the direction of spending limits and how much gets spent & where going forward. Smart money is shorting, but most people are positioned for it. Mando points out that the contrarian position is that things are not as bad as they are being painted, and buying dips might be the big play as all dips are instantly being bought up.

"Builders spring. Crypto Summer" - this was a big takeaway from Veecon and a major quote from @jessepollack

OSF imagines that we end the year with a new year-to-date high for Ethereum! How bullish are you?

Quite a lot happened in NFTs over the weekend. Blur kicked off with BLEND dipping into new collections. There were some EPIC DUMPS coming throughout the ecosystem with this type of volume continuing to dominate.

Sotheby’s auctions from 3AC happened with Punks, Fidenzas, Autoglyphs flying off the shelves. For the first time in a long time, NFTs were fetching prices above the expected price, stimulating activity in all of the respective collections.

In celebration of the 1 year anniversary of Rektguy, the foundooors launched a website to accompany the collection. The site includes features like top collectors, largest sales, a Rekt wiki and individual profiles for collectors with badges that serve as accolades for various achievements in the ecosystem.

VeeCon

The Veecon conference remains unrivaled with rave reviews from all who attended. It was a smash hit with a focus on the actual conference, as opposed to the satellite events that seem to take the limelight during other major events of this caliber. Next year may be the last Veecon based on the initial befriends utility, so you don't want to miss it!

Mando highlights the Gary V interview with decrypt and how the focus of the conference could have been AI, but blockchain is basically providing the rails for AI to ride on via provenance and proven ownership/creation.

STUBS

Our STUBS artist this week is @anzomez and the piece is titled “Hate My Mind When I’m Alone”. The piece tells a story through the imagery, and if you look into the different uses of imagery and piece them together you will surely be able to take something from it. His themes tend to be around sadness or disappointment and this piece is true to his art's sentiment.

Don't forget to mint your free STUBS so you can claim the art on Friday!

GM

https://linktr.ee/rugradio

Pretty benign start in all things in macro. There was some better rhetoric between McCarthy and Biden around the US defaulting, which seems to have had a positive outcome for stocks.

Crypto saw a slight dip on the majors and while writing we are seeing some active movement in prices. This is a time when we might see some volatility, the bears are calling for a dump based on technicals, but the debt deal will be a huge factor in how things play out with a hard stop this weekend on getting the deal done and the market is focused on this event. If the US defaults on its debt it would have a massive impact, however this is a very unlikely outcome.

Crypto is moving on the back of the deal news, while alts have seen a dip; $PEPE is also down and saw another dip this morning. We could still go lower from here across all coins and it seems probable so be prepared and protect your bags accordingly.

NFT floors are basically unchanged or down in the 1-2% range. Yesterday was the HVY-MTL reveal which wasn't initially received, as there was a dip in the price but they have retraced to 1 eth, although their actual use remains to be seen. June will be the last leg of the YUGA multi-week mint and the journey will reach its concluding stage.

@veecon joined us on stage to share in the excitement for the upcoming event. If you are planning on coming make sure to download the app to get proper access. This is the second Veecon event, and based on the original Veefriends mint that promised 3 years of access, this could be 1 of 3 to ever happen so don’t miss it!

@LucaNetz came to chat about mass market IP usage from the perspective of an NFT project. He is trailblazing into the physical toy market via the blockchain; Anyone will be able to buy a toy online with a birth certificate inside the box, a place for a signature, and a QR code next to it that will bring you into the digital universe.

The challenge is onboarding new customers into the world of the @pudgypenguins while offering the experience of being a part of the community. Luca's mission is to deliver a soul bound token that reaches new customers through an enjoyable experience in a painless way that they don't even realize is even happening.

"For me the NFT wins or I lose" - Luca

You have to leverage your audience to trigger algorithms. This applies to amazon as well, so expect to see many mentions of the shipping giant from the Pengus.

We were also joined by @megbatphoto who is our stubs artist #8! She has been shooting photos since high school, beginning on film. She ended up working with a modeling agency, but at the front desk before moving to LA and getting involved on IG as a female photographer. She heard tons of horror stories from women about their experiences with male photographers and became a safe haven for models to feel comfortable and shoot without being harassed.

She was introduced to NFTs 'early' and thought they sounded dumb, but was eventually funneled into the community via clubhouse, minted some work, sold it and has been involved heavily ever since.

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Equities were up on close yesterday, but we have given back some of the gains today with Interest rates also rising slightly. Today we had the reported retail sales number come in at 0.4% which was below expectations of 0.8%.

Crypto is also fairly unchanged, BTC above 27k and ETH has been holding in the $1800 range. $APE saw a positive reaction to the HVY-MTL rollout, but is still in the mid $3 range. 

There is a loom and doom narrative of the US running out of money and hitting the debt limit around June-July. This has caused bi-partisan talk about raising the debt limit, and made for some complicated negotiations. If the US were to default on its debt it would be a horrific event, things like double digits down in the stock market. Mando doesn't think we see it but it is the banter from the higher ups. 

Little more strength seeping back into NFTs. Mutant apes and pudgies were both added to the BLEND protocol. Many popular collections have seen a 5% positive move, a rally in checks up to 0.6 ETH and Opepens up to 0.25. A gold Ape traded for nearly $1 million, which is something we haven't seen in a while, especially on-chain. The wallet that acquired the ape is stacked up, and this their second Gold ape!

It is fairly apparent that $hitcoin season is fading. New contracts have a life cycle of hours and we are seeing things die out before they are even created. Hype cycles have lessened and the overall sentiment on the timeline is not loving the $💩 outside of every reply to every tweet. 

@punk9059 shared that there are only 2 revealed Opepens, and only 80 out of the entire collection were made by @jackbutcher himself. These have established immediate provenance and are already trading for 8-10 eth. Every opepen that hasn't been revealed has already been assigned to a rarity so despite not being revealed yet, the 1/1's and 1/20's are fetching premiums.

There was a tweet from BAYC stating that the HVY-MTL boxes will be revealing traits. Seems to have been received positively on the TL. 

Rektguy has been seeing some positive movement with volume and Floor price. 

Remember the royal edition Bugatti Asprey eggs? All 3 of them sold for 200k each

Ledger

We had @iancr from @Ledger on. Ledger recover is a product they have been working on for 2years now. Today release notes went out that mentioned the product, it got posted on Reddit and has received quite the reaction. Ledger recover is meant to help with onboarding, by helping to eliminate the fear associated with seed phrases and storing them securely. Ledger recover helps give peace of mind without compromising security. At $10/month It allows you to OPTIONALLY secure your funds. It is still self custody, your seed phrase is sharded and combined with three other custodians from three different continents. 

There is no backdoor. Your self-custody is not compromised. The phrase can only be put back together from sharing through your personal ledger. 

Probably 0

We had the @Probably0 crew on, with @fungibIes, @BCPadawan & @JustKidLash . The product was built out of a need from the space. The app gathers information from different projects into one source that is able to deliver push notifications to your mobile device via a tweet size message summarizing any and all updates from the projects. 

They are the first outside project to pass a proposal within the RugDAO and to integrate the $RUG token into their platform. 

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Traditional markets again don’t have much to report. We have been edging a bit higher in 10yr and 2yr treasuries for interest rates, but still nothing significant. The next big thing is Payrolls and then the next CPI report, so there is a timeframe here without any scheduled major events.

Crypto bounced off the lows across the major coins and alts also, we could be starting to see a small rebound, but nothing notable and very few violent swings, which may be comforting for most bag holders. BTC dipped down to like 25k on Friday and has since recovered, but nothing feels cemented either way. Last week was pretty brutal overall, but this week we may see some consolidation and hopefully less blood and red candles.

"to be clear all $hitcoins are going to zero" - Mando

BLUR season two has now transitioned into season 3 and the effect of the double points has seemed to be distorted. A major event happened with one of the top BLUR points accumulators getting the skull of death, nullifying all of his points and efforts - Definitely a FAFO moment. The season to season progression seems to mean you will have to keep playing the game in order to benefit.

Overall volumes have come down but floor prices across the board have already started recovering as a result. Bored apes, Rektguy and even our beloved Rug Radio NFTs have seen some decent price action. Pudgy Penguins are also approaching 5 ETH and there is some suspense ahead of their May 18th announcement involving Luca’s plan to enter the physical goods front.

Headlines like a major airdrop farmer getting zeroed and floor prices moving up is the exact type of thing we need to see to shift the sentiment.

@jackbutcherannounced he will be diving into the physical world with Elements. Moving the Checks editions into physicals somehow, but using the Opepens which will be gradually revealed? There is currently a physical on display in the window of Christies, you love to see it.

STUBS

Today we announced that @megbatphoto is our artist for STUBS week #8. Her photo is already minted on the Fair page, make sure to check it out and grab your free stubs so you can burn to receive an edition on Friday.

PizzaDAO

We had @snack_man on the show to talk about next Monday's GLOBAL PIZZA PARTY on May 22nd! A party across more than 100 cities all over the world, Bitcoin Pizza day celebrates the time that 10k BTC were used to purchase 2 Papa John's pizzas in May.

Since 2021, @Pizza_DAO has given over $600k in Pizza all around the world. They have partnered with tons of charities and companies to get pies to everyone on the planet. They started out in the early Clubhouse NFT bubble that birthed so much of the culture we enjoy today. They recruited artists to contribute artistic toppings to their Pizza box NFTs, raising 330 ETH.

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Traditional markets moved up a bit but came back down already, with interest rates reversing some of the gains as well. BTC and ETH have both seen a dip, ETH dipped to the 1700's and BTC has fallen 5% which is a major move for our number 1 coin.Mando thinks this price action is a result of a technical sell off. The charts are driving certain trading habits and the narratives being pushed around these charts and trades.

It's a quieter day in NFTs than it was yesterday. Miladys continue to dominate the volume but the floor is sitting at 4, fairly far off from the highs. There were some big art sales and some Fidenzas traded but overall volumes are not great. We are at 22 million in trades which is half of the volume we saw yesterday. Not much relief in sight, so buckle up and try to keep your bags above water.

@YAGAMIIIARTS joined us to burn stubs for his piece 'singing in the rain'. a beautiful piece that somehow relates to the times we are going through with clouds above our bags. The burn will be for 5 Stubs and supply is capped at 100.

@banditmfer came through with her $PEPE bags to share some stories about how she got to where she is. @NFTwap who used to make fun of crypto, and was an admitted @farokh hater, is now having the time of his life trading, riding the rollercoaster that is our space and sharing a stage with the hairy GM king.

Wap got into $PEPE super early when the liquidity was nearly non-existent. He took a bid on a Nakamigo and aped into the coin to amass a trillion tokens. He saw the snowball effect happening, made some money on the way up, and still has a huge bag. He is dedicated to riding the ship all the way down, claiming the women and children can exit but he will light a cigar and enjoy the rise of the water. His initial investment was 0.8 ETH and at the top his bag was worth millions; luckily he was able to take some off the table but his $PEPE bag lives on.

Bandit holds degen spaces called Demon hrs (tap in midnight est) and was exposed to $PEPE early on. Her bags peaked around $1.2 million and she is still swinging trades back and forth. Luckily she was able to take some profits as well, her initial investment was .75 and she was able to touch the moon with it. Anything is possible!

The most important part is to continue to have fun. It is literally a meme based coin. Try posting a Pepe meme and laugh about it. The price of $PEPE has dropped but that doesn't change what Pepe stands for, and collectively we all know Pepe is Love.

GM

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GM Web3 ☀️Recap - May 11th, 2023

Mixed markets today with stocks unchanged, but there was a big rally in interest rates which are up from 4.6% yesterday. PPI came in today lower than expectations at 2.3%, yet another positive data point for inflation. 

Crypto is showing some weakness with red across the charts. OSF is unsure as to why this drop off is happening in crypto and imagines if CPI came in higher than expectations we might have seen a ramp up instead of this. Bitcoin is getting hammered, but gold is doing well and they tend to synchronize. 

There was the rumor about the govt wallet that was dumping BTC with a fake tweet causing a huge sell off yesterday. Aggressive moves and flash crashes are surfacing on the major networks which is surprising and something we haven't seen in a while. Good news does make the number go up, but we never seem to recover to the same levels it was at prior.

The number one NFT movement yesterday was Miladys with over 9k ETH in volume. They peaked above 7 ETH floor amidst the hype of the Elon Musk tweet that set the space on fire, but have since settled back down to around 4 ETH since. 

If you see Elon tweet something related to the space, chances are he doesn't know what the NFT or meme is actually sourced from. There is always an initial crazy pump and then a violent dump, making it very easy to lose money. Give it some time if you are considering buying on the back of an event like that. 

Yesterday there was a public outrage from the $PEPE community, which was set off by an email that Coinbase sent out claiming that they cannot associate with the coin due to it's alt-right group affiliation and use as a "hate-symbol". The frog coin lovers showed up in full force and a call to delete coinbase via hashtag flooded the timeline. 

The JOMO effect

We were joined by @shiralazar to talk about the #JOMOeffect, a project focused on mental health and awareness. There is a huge need for mindfulness and mental health tools in our space as we all know; If we are building the foundations for change we need to implement mental health as much and as early as possible. 

The team calls for people to not FOMO but experience JOMO, the "Joy of Missing out". If you buy 5, @bobbyhundreds created a JOMO Adam bomb squad. If you Collect all 40 pieces, there is an opportunity for a zoom call with the legendary @DeepakChopra. 

Bobby always shows up in the space when mental health is being addressed and sees the issue as paramount. The more we can talk about mental health the more we can get care for the people who need it, which if we are honest, is everybody in the space from founders to holders. 

The JOMO effect mint is 24 $MATIC and some of the artists involved sell work for multiple ETH! The proceeds are going to different charities that range from support in India, to LGBTQ support for the youth, to suicide prevention. The Mint is hosted on Magic Eden and there are tons of perks for minters including various discounts. The reveal for the art is tomorrow at 1pm EST and Deepak will be on a space with the JOMO team tomorrow. 

Breaking

@iampaulgrewal the chief legal officer of @coinbase renounced their previous statement about $PEPE, claiming they did not paint a full and accurate picture. What will this mean for the meme coin and do we see a coinbase listing as a result?

GM!

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