Not really a ton to add for traditional markets; interest rates are unchanged and haven't rallied either way. Crypto is looking weak with ETH slipping below $1,900 but has recovered above since. Bitcoin dominance continues, but crypto as a whole continues to underperform compared to stocks. 

There are allegations that Binance is laying people off and making changes because they are in dire need of cash. Their reserves have been revealed, but isn't a clear depiction of their total assets vs debt. It is agreed that binance has adequate crypto to back their accounts but there is question as to whether they have the necessary fiat. 

It appears that Adam Cochran said the network fund is a part of a conspiracy involving Justin Sun. The problem with the conspiracies is that CZ doesn't need a made up coin or to create money from some shifty route. The need for fiat is the only sensible route and the notion of insolvency is high brow informed FUD for the most part. 4.

Be weary of the sheep in the space piling into the latest fud narrative. Most people are not doing their due diligence and tend to base their opinions on their favorite threadooor or the biggest space spouting what they claim as truth. 

NFTs

Opepen is the main story right now after the epic swap involving @notthreadguy. Major brands have swapped their pfps to opepens and they have now flipped checks for the time-being, with a floor price around 0.8 ETH.

Ether has been recovering again with a 30% rise over the past couple days. The post reveal numbers were not great but recovery is here. 

The Azuki ecosystem has been in the red and is not looking healthy following everything that has happened this past month.

Christie's and Gucci are launching something at the Art and Tech Summit in NY. A mix of fashion and generative art in a collection, including one of everyone's favorite Lost Robbies. The curated collection has received some mainstream attention. 

The Sandbox

The Sandbox is working on creating a sort of dive bar to experience before and after digital shows. Were joined by some major artists like @agoriamusic and @blond_ish who shared about her recent set. There is going to be a music district inside of @TheSandboxGame, which only makes sense as it's one of the top viewing experiences for digital concerts. With their insane roster and connections, the potential for collaboration is next level.

There are no limits inside of the sandbox, and we caught word that there is even a magical church being built!?

They are also doing a raffle for land sale inside of Sandbox with the event 'Infinite Pulse'. They will be starting with a music experience and moving into movies and different aspects of entertainment culture, down to specific regions. 

GM

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