In this episode of Gm Web3, the hosts discussed various topics related to the crypto, NFTs & Macros. They started by announcing a new collaboration between Fair & Gm Web3, which aims to bring value and art to the mornings of listeners. Fair is looking to be a tech leader in the NFT creation and minting forefront, and is calling out to artists.

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The hosts also talked about the current state of the cryptocurrency market, with traditional markets being closed for Presidents day and weak close on Friday. They discussed the strength of BTC and ETH, with many alt coins up north of 10%. The breakdown in correlation between crypto and traditional markets was also highlighted.

The SEC's recent action against Paxos, the creator of BSDC stablecoin, was discussed, which could have implications for stablecoins being classified as securities. This could have a massive effect on the DeFi system. The hosts also talked about the huge volumes going through different NFT projects, with old projects coming to the forefront and low-risk airdrop farming being the cause. The current state of the crypto market and the fact that the number of traders is not increasing is not great

The hosts also talked about the invite-only beta for @gemxyz and the rumors around the aggregator. They also discussed the recent 250 ETH sale of XCOPY, who vaulted a few pieces for himself. Finally, they congratulated Rug Radio on hitting 100k followers on Twitter and encouraged listeners to check out Rug Radio Official on Instagram.

Full notes here: Gldn's notes

GM

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