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waleswoosh
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Ummm is Amazon still exploring launching the NFT marketplace that they promised us 2 years ago?
Asking for a friend
#NFT
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waleswoosh
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The Solana ecosystem is cooking again. Strong comeback for infrastructure, application revenue for Raydium reached a local high in May, $12.69M USD in revenue. Volume is up 35% to $46B USD. Cross-chain Solana is a main driver for the rise in application revenue in broader crypto, with a significant increase compared to March and April. Also means more value is driven back to the respective tokens, Raydium for example did $4.7M USD in $RAY buybacks in May
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Current look at Kaito Genesis NFTs and $KAITO. Couple reasons for this imo: 1) General market sentiment. 2) People unstaked their tokens to take profit after $KAITO reached a local high of $2.30 USD two weeks ago (5-day cool down after unstaking). 3) Loudio as a big event that was seen as a "top signal" by some. 4) Recent ecosystem airdrop claims were low (Skate allocation was almost not worth claiming). I'm still bullish and looking to buy more if we see NFTs at 1.5 ETH and $KAITO closer to $1.10 USD. Kaito Capital and revamp of Kaito Connect were teased and could launch soon. Ecosystem allocations still at a high. I don’t think InfoFi has seen the top yet. Thoughts?
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Crypto-native IPs are already reaching mainstream. Pudgy Penguins announced a partnership with NASCAR and Lufthansa this week alone. Azuki and $ANIME will be at Anime Expo next month. What happens next?
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We are currently seeing a trend in NFTs towards more lending transactions, especially for grails. A ton of CryptoPunks (worth over $30M USD total), Pudgy Penguins, Bored Apes and other bluechip NFTs are currently on loans via the three major NFT lending platforms: NFTfi, Blend (Blur's "buy now pay later"), and Gondi. The left-facing (and top rarity) Pudgy Penguin was out on a loan before the 200 ETH sale. The last Azuki Spirit sale was three months ago, but several Spirits are currently on loan on NFTfi. And that’s only pfp projects, NFT art has been heavily relying on loans for a long time now. NFT lending tends to have a different audience than the normal NFT marketplaces, more collectors, and the majority of the volume seems to be driven by a smaller group of whales and power users. NFT floor prices of major collections have been pretty flat lately, real money is made increasingly not in trading but in lending (APR can be really juicy if you understand NFTs well and can manage the risk). Makes sense to keep an eye on this if you’re in NFTs imo, NFTfi released a dashboard/aggregator that aggregates the entire lending market (all loans across platforms, top users etc), good way to get an overview
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People are still sleeping on OpenSea Voyages, the easiest way to farm XP (and the airdrop) with little capital. Current voyages expire in 5 hours. Six voyages that can be completed now in less than 10 minutes: 1) Make a token swap on OpenSea for at least $10 USD. 2) Buy an Art NFT for $5+ USD. 3) Buy a Solana token for at least $10 USD. 4) Do a cross-chain swap (for example swap SOL to $KAITO) for $5 USD or more. 5) Purchase an NFT token from a verified collection (blue checkmark next to the collection name) for at least $5 USD. 6) Buy an NFT token, for example $ANIME, $KAITO, $MOCA or $PENGU ($10+ USD). It's pretty intuitive, if you go to the "rewards" tab, OpenSea will guide you through the process and send you to the right pages. Worth completing imo
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