Market is back open after being closed for July 4th yesterday, and things are unchanged for the most part. Oil prices are rising a little bit, likely on the back of the Ukrainian power plant news. 

Crypto had a pullback over night with Bitcoin dropping back below $31,000. OSF points out that the chartists were incorrect again, and we didn't see the expected rally after breaking that level. Be wary of the chart and those who live and trade by them. 

Mando imagines that we could be locked in these price ranges for a while; It's still very possible and likely that we see ETH hit 2k, but it might not be in the immediate future.

It looks like there was a bit of a bounce in NFTs in a few collections. The power of Machi continues to threaten collections and his positions have achieved a legendary status in the community for better or for worse. Azuki has managed to bounce and hold the current levels, even the Beanz are looking greener (no pun intended). 

What do you see as more valuable, the ETH or the NFT? This kind of market makes it difficult to choose and some assets may have a higher return on investment via ETH during this rough climate. Short term buys are not looking appetizing. 

A lost Robbie just recently sold for a healthy amount; However, the last one from this collection sold for a significant amount more. This stirred up the timeline amongst artists and critics alike. Sales for all artists have been in a downward trend, and sales for something that many don't find appealing and moreso a piece that was generated via code has some artists in their feels. 

Planet X

We were joined by James from @play_planetx which has been 3 years in the making and started out as a web2 game. He said his first space he tuned in to in web3 was an @alienfrens space, you love to see it 🖖. During the development of the game he saw the advantages and potential of building using the blockchain. His experience with Fortnite and digital ownership just made things click. 

Planet X is already a complete game as opposed to the typical "web3 gaming" mint-to-build model that hasn't really seen success as of yet. 

He wanted a game that has intense competition like winning a Battle Royale in Fortnite but offers real world rewards with a global treasure hunt that happens every single day. People join the map at a set time with "x" amount of treasure chests. If you find a treasure chest with something like a pair of Jordans, you win it instantly, but with one caveat; You have to take your prize to the extraction point during which time any other player can take your chest if they encounter and battle you. 

If you own an X droid you are eligible to compete in extreme hunts. The X droids are the actual NFT that will be mintable assets on launch. If the Mint goes as planned, there will be a Tesla up for grabs, yes that Tesla.

GM!

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