In this "state of the market" show, TylerD is joined by Ghost, Emily and guest JWeb to recap the NFT macro environment in Q1 2023, price action and trends, bleeding mid-tier PFPs, and what is driving the downtrend. The crew then switches gears and reacts to Yuga's The Summoning event and another mistake, then finish out with a quick recap of the headlines including the breaking Arbitrum airdrop news.