Not a ton to report on traditional markets, starting the day a bit lower with .05% dip on the S&P. Interest rates selling off in preparation for tomorrows Data point. OSF imagines the risk is skewed towards the downside with the CPI number, no matter where it comes in at. Crypto has had some difficulty holding onto local levels. Some of the alts like $MATIC and $MAGIC are in a slump and being majorly outperformed by ETH itself which is up nearly 55% on the year. 

The concept of digital gold is a strong narrative being bought into versus utility based tokens that offer something. Mando thought we might sustain this last bounce and seeing the major coins slip is quite concerning. IF BTC continues to lose, then the shitcoins will suffer as well. 

The Bitcoin halving is approaching and stirring up many different perspectives and predictions around the future of BTC. People have speculated on major things like bitcoin forks and modifying the ultimate supply. No major change is set to happen but the speculation alone is enough to raise hairs about its future.

Binance put a tweet out that Ordinals are going coming to their NFT marketplace. The Bitcoin network was clogged yesterday due to the introduction and excessive exploration of BRC-20 tokens. IT has set the maxis into an uproar and caused both a wave of panic and wake of FUD in the BTC universe. Mando points out that this makes the future of Ethereum seem even clearer. 

People who don't want the application layer do not have a clear solution for what's going on and seem to want to delay the big decisions being made until much further in the future. 

NFTs

The main thing happening in NFTs is also surrounding the ordinals protocol on Bitcoin. The NFT community should start paying attention to the BRC-20 tech now. Go try it out and get to understand it while it’s new and relatively slow…. Clogged even.

Pudgy Penguins announce they did a raise for $9 mil, with an undisclosed valuation, the stage speculates that it could be around $30-50 mil. 

Degods made an announcement that they will be available on the BLEND lending platform from BLUR. The news didn't seem to force the floor one way or another. 

Snowfro and Gary V both purchased a rektguy! Unfortunately this is not 2021 and this floor also remained fairly unchanged. Remember when buying some land in sandbox was enough to set a project on a run? the good ol’ days.. 

RTFKT sneaker forging deadline is here, don't forget to forge or you are basically burning a physical. 

The Broken Keys w/ ACK

@lphaCentauriKid joined us to go though his latest drop 'The Broken Keys'. The piano to ACK is a gateway to the muse. He really pushed himself to make as many different stories as possible using the piano. He had over 100 pieces and curated it down to 48. All 1/1s going live at the same time within an hour of writing this. 

He saw a larger collection as a challenge. ACK is a self taught pianist and the instrument is a piece of art within itself. He wanted discovery to be a part of the work, so he tried different subjects and situations to tell unique stories with a piano theme. Check his official Twitter for links to the work.

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