Not a ton to report on traditional markets, we closed unchanged and are opening basically the same. Last week was a boring macro week, but this week brings corporate earnings with META and a couple other big tech companies reporting, which should stir things up leading into the monthly macro events. Next week we have the highly anticipated payrolls report followed by the FOMC.

Crypto has seen a dip with BTC diving to $27k and ETH dropping to the $1800 range. A lot of the alt coins have been crushed over the weekend. The $hitcoins are holding but still undergoing losses. We definitely had some heightened euphoria this past month, so use this time to reassess and make a proper plan for your next trades.

Apes and Punks as they both dipped below 50 ETH going into the weekend, but have seemed to rebound, likely due to thin floors. Looks like we get to stay away from 0 for a bit longer.

Degods got a lot of focus over the weekend with some FUD and a slight dip in the FP, due to the typical growing pains in the space.

Guttercats is set to finally announce a community token and Killacubz mint is upcoming with 8 phases of incubation!

YugaLabs vs Ryder Ripps

The Yugalabs vs Ryder Ripps case seems to have gone in favor of the Bored Apes, much to the rejoice of those who care for the space. There was a 22 page summary on the case and @GencoLaw came on stage to share some of his findings.

NFTs apparently get the statute of copyright laws which is a net positive for projects. In regards to a ‘right-click save’ the Judge did not see enough artistic expression to grant those rights to Ryder. Yuga got many things granted in their favor but they did not get everything. It does not mean that NFTs are not securities, although this case was actually silent to this issue according to our on stage counsel.

Provenance and IP matter, and this is the direction that artists and founders wanted this to go. This isn't a cemented judgment as there could be an appeal, and a trial is still pending.

New Stubs Artist - AD_AD

We had our new STUBS artist this week, @adam_disbrow! He is a traditional artist coming from contemporary fine art who got into NFTs in 2021 by overhearing FUD from a traditional art gatekeeper, signaling he should look into it. Expressionist painter by trade, he paints pieces that are then professionally photographed and then brought into procreate/photoshop to create the amazing works he is known for.

"Crypto art as a whole and a culture is stronger than ever, and I'm all in" - AD_AD

Metaversal & Rug Radio Event in Austin, TX

We also had @balon_art and @yossihasson on to talk about @HelloMetaversal, their badges, and the upcoming event in Austin, TX during Consensus in collaboration with Rug Radio.Metaversal looks at different projects and founders that are disrupting their respective space by using the Blockchain and NFTs. They also have their own production studio responsible for creating things like their latest @omegaxrunner

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https://linktr.ee/rugradio