Daily Crypto NewsEDITION #55, 23 August 2022

A very rich penguin!

Hey, OG 🖼

So what's the news? The penguins are outplaying the bearishness. 400 ether for the damn penguin. For a picture of a penguin! Come on; it's NFT. But the metaverse jpegs, along with tokens, liquidly plummeted 20% in a week. Instagram didn't make it great again; Flow holders are sad. The former manager of Opensea is also sad, but he has a more substantial reason.

The jpegs are coursing through your veins!

WHAT WHAT
Market this week

SHIPLY-WILLIAMS

All that apes that are so expensive

Puffy Penguin #6873 has changed its owner after a year of waiting. CoinUnited, a former happy owner of this jpeg, sold his sweetheart to a guy with the dreesuschrist nickname. The profit was 175 ETH, which is not bad because the penguin doesn't even have a cap.

Interesting fact! Four months before this remarkable event, the project was purchased by Luca Netz for 750 ETH from its creator Cole Thermae. What can we say about it: well done, Luca, but Cole could have bargained better. That's okay, you can draw seals, for example, maybe it will work too.

Rektouniverse

It's still more interesting on da streets

While some jpegs occasionally fly tothemoon, or even further, the jpegs from P2E along with their token counterparts are crashing along with the market. Stepn, Axie Infinity, Decentraland and Gala, everything that shook the market not so long ago, has already shaken off and now just falls. Also somewhere on the plinth levels relative to the former highs are all these sneakers, axies and other attributes of the very meta universes and P2E.

Flow is far from the wet dreams of holders because integration with Instagram is not as cool as, for example, Elon's tweet. In fact, according to reports from Dune Analytics, sales at Decentraland and Sandbox hit a new all-time low last week. Although what can I say? Even Bitcoin and Ether cannot be called rockets.

WAG THE JPEG

OpenSea ClosedEarth

A former manager of Opensea no long ago grabbed by the ass for insider NFT trading did not forget to fix some profits, so he hired himself a good lawyer and now claims that he can and did trade, only jpegs are neither goods nor securities, that's first.

And secondly, the statement on money laundering is also untenable because trying to prove that he laundered what he gained by illegal activity. It's good that not all scammers are as cunning as this ex-manager.

WHAT WE HAVE?
NFT buzz

Strxngers https://opensea.io/collection/strxngers

If there are very few pixels in the jpeg, it means it's gem. Everyone knows that. Or not. DYOR

Mutant Baby Apepe YC https://opensea.io/collection/mutantbabyrareapepeyc

It's the same principle with apes. If you see an ape in the title, you have to grab it. Or don't you? Didn't I tell you about DYOR?

Nitro Token by PUMA https://opensea.io/collection/nitrotokenpuma

Btw, it's the same story with the big brands. And here is the first collection from Puma..

GEM OR NO GEM?
looking for alpha

We bring you Alpha info every week on the collection, and you make DYOR. We discuss findings and ideas on our discord. Let's go!

Kill Town https://twitter.com/killtownnft