🎁 Wrapped: The Weekly Web3 Newsletter (Edition #12)



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🎁 Wrapped: The Weekly Web3 Newsletter (Edition #12)
By Futureproof • Issue #7 • View online
Wrapped: The Weekly Web3 Newsletter (Edition #12) 
By @DepecheNode_

The Adidas Approach  
Adidas’ ‘Into the Metaverse’ NFT drop sold out in two minutes and has generated 11,000+ ETH in volume over the last week. 
$$$ Is Still Rolling In
Although the crypto & NFT markets have seen a lot of chop lately, money is still flooding into the industry. Top signal, or just the beginning? The optimist in me says we’re still early, but it’s wise to be cautious when so much money is being thrown around. 
  • @alexisohanian & Polygon launch $200M web3 fund
  • NYDIG announces $1B funding round 
  • @nansen_ai raises $75M
  • Solana Ventures launches $150M fund 
  • @a16z invests in @PleasrDAO
Weekly Highlights
  • 1st Ethereum PoS merge testnet goes live
  • @adidasoriginals public mint sells out in 2 minutes
  • SEC delays review of Bitwise & Grayscale BTC ETFs
  • Eth L2 Optimism opens network to all devs
  • Kraken set to launch NFT platform soon™ 
  • Punks 61, Apes 50
  • @adidasoriginals to launch Into The Metaverse NFT drop 12/17 
  • Dune Analytics valued at $1B
  • @shopify launches beta NFT marketplace 
  • @consensys collabs w/ @mastercard
  • @RTFKTstudios CloneX volume >40,000 ETH in last week 💰
  • @ftx_us signs NFT deal w/ Golden State Warriors
  • @avalancheavax adding native $USDC to its network
  • Robinhood purchases cross-trading platform Cove Markets 
  • Punks 64, Apes 52, Fidenza 75, CloneX
  • @nike buys @RTFKTstudios 🔥🚀🔥👀
  • Justin Kan launches Fractal: a web3 gaming NFT marketplace
  • Bored Ape accidentally sold for $3k instead of $300k #decimals
  • @BoredApeYC partners with @animocabrands on web3 game
Market Vibes 
High-end remains stagnant, while a few of the mid-tier projects saw a nice bump on the week. Art Blocks is showing some signs of recovery after months of down only.
Top performers of the week:
  • Forgotten Runes Wizards Cult
  • Doodles
  • MAYC
  • Gutter Cats
  • Wolf Game
🚨DISCLOSURE: I own NFTs! I own punk #2971 if you’d like to dig around.
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