Today's GM Web3 discusses the current state of traditional markets, which are strong with equities seeing a rally. However, the market is predicting higher interest rates with the Fed going for another 3-4 increases. Meanwhile, the crypto market is shaky with decoupling.

In NFT news, the OWLs minted out Friday and have been a big move. The meta was ASCii, and Yuga Ordinals TwelveFold bidding has started. However, the 7-day chart is weak.

The podcast also reminds listeners to enjoy themselves in this web3 world, despite the challenges in top collection volumes. They suggest looking to some of the communities that are having fun, such as Memes, Checks, Rektguys, Rug Radio.

There is also discussion on the TwelveFold generative art initiative from Yuga Labs, which is auctioning live today. The podcast predicts that the auction close prices could be around 0.5 BTC.

Finally, the podcast ends with a discussion on the potential power of Ethereum in the future. OSF suggests that ETH could be like the internet and could see a 10x trade with some patience and conviction.

GM

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