ALPHA:
Some NFT alpha. I’ve been advising and helping the GMX Blueberry NFT team on their plans, and they released an ambitious roadmap:
I am incredibly excited about NFTFi in 2022, which means NFTs themselves will generate yield, either through staking, holding, or lending. The speculation craze is maturing! The GMX Blueberries are available on TofuNFT, as the collection is on Arbitrum, an Ethereum Layer 2.
What’s cool about The GMX Blueberry Club is they launched well after the success of the GMX protocol. The community was there already, and now they’ve been bonded with the NFTs. The project is yielding esGMX and ETH for the treasury, which is likely going to be shared with NFT holders so a fundamental valuation can be placed on the NFTs, which grows with the success of GMX!
MARKET:
Bearish chop persists. Crypto is down, the equity markets are down, and fear is at peak levels thanks to quantitative tightening from the Fed.
Acumulators are acoooooooomulating…
NEWS:
Scandal in DeFi wasn’t even the biggest news this week…but Bloomberg picked it up.
Bank absorbs Facebook (Meta’s) Diem IP:
The King loves crypto!
Mastercard partners with Consensys for Layer 2 payments
NFTs:
REGULATION:
India Proposes Major Crypto Adoption with Tax
Some interesting results from a District court on taxing unsold staking rewards…following closely:
RUGS:
It was a bad week for Wormhole, as a 9 figure exploit happened - one of my 2022 Bold Predictions:
POD O’ THE WEEK:
Yours truly with Jason and Boz from Four Moons!