☀️ Good Morning! The crypto industry has been buzzing with intense chaos on the regulatory front, but amidst the storm, the NFT category continues to captivate us all. 🤩 Let's take a dive into the NFT news that made waves last week!
🔥Sotheby's Auctions Seized NFTs for Millions as Snoop Dogg Drops Dynamic Collection; ApeCoin Community Debates Council Payments
- Wild Goose chase: Auction house Sotheby's concluded a spirited live auction of NFT artwork seized from bankrupt crypto hedge fund Three Arrows Capital (3AC), this time bringing in over $10.9 million in sales. Dozens attended the live auction that took place in New York and included pieces from the "Grails" collection. In total, there were 37 works from generative artists like Dmitri Cherniak, Tyler Hobbs, Snowfro and more.
- Dogg days of summer: Rapper Snoop Dogg has launched a new NFT collectible series that will evolve in utility as he goes on tour this summer. The Snoop Dogg Passport Series will grant NFT holders access to behind-the-scenes content, exclusive merch, art and experiences from the music icon. Each NFT is available for purchase for about $42 or 0.025 ETH.
- Going bananas: Holders of ApeCoin – the native currency of the Bored Ape Yacht Club ecosystem that launched in March 2022 – were locked in a debate on Twitter this week over the six-figure salaries awarded to members of the ApeCoin DAO Special Council. The Ape Foundation facilitates the governance process of the ApeCoin DAO, which pay each member of its Special Council a monthly salary of $20,833.
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$RSS3 Statistics (as of June 18, 2023)
|Market Cap||$ 39.45M|
|24h Volume / Market Cap ratio||0.026|
|7d Low / 7d High||$0.089 / $0.099|
Market DeFi Index
🤔 AI, Layer1, and MEME categories showed promising market outlooks while DeFi and Layer2 went through some downfalls.
🧐 Bitcoin (BTC) was up +2.1% while Ethereum (ETH) fell -1.0% in the past seven days. Other selected top-cap tokens mostly rose slightly.
Source: Crypto.com Research
RSS3 Network Metrics (as of June 18, 2023)
|Total API Calls||218.376 M|
|Total Open Web Activities||390.779 M|
|Last 7-Days Active Personas||46,812|
🏂 Exciting Upgrades from the RSS3 Team! See You in Just a Few Weeks as We Get Ready!
📭 Stay tuned for more updates, and keep the good vibes flowing!
💡 RSS3 is an information dissemination protocol designed to achieve free, efficient, and secure information flow on the Open Web. We bridge Web3 to AI, search, social media, and beyond.