Cointime

Cointime

Download App
iOS & Android

Azuki’s Aesthetic Agitation ❓

Dear Bankless Nation,

Azuki released its 3rd NFT collection this week. 

When the art revealed, many folks were shocked as it’s essentially identical to the original Azuki collection. 

Many went into the drop expecting Pokemon-like companions set in the Azuki universe. Instead, the Azuki supply seemingly just ballooned from 10k NFTs to 30k NFTs with no warning. 

Some better framing and communication would’ve gone a long way here, so the episode’s a stark reminder that transparency and clear expectations are the best ways to maintain trust in the world of NFTs. 

We’ll see how Azuki recovers from here. In the meantime thanks for reading everyone, let’s get to this week’s roundup. Have a great weekend ✌️

-WMP

📊 The big picture

Over the past week, the floor-based market cap of the NFT space grew from 7.62 million ETH to 7.91 million ETH for a 3.8% gain. 

🔝 7D top collections by volume

📰 General news

🏆 Digital collectibles

🎨 Cryptoart & music

🎮 Decentralized gaming

🌐 Virtual worlds

🪙 NFTfi

🎆 Mint spotlight: Rainbow Zorb Energy

Another Zorb Network free mint opportunity, this week via the Rainbow wallet team. If you’re looking to do some pioneering on the new NFT L2, grabbing onchain memorabilia like this is easy and something you can always point back to, i.e. “I was there.” Plus holding this special edition Zorb (a.k.a. Zora’s mascot) will unlock a special edition Rainbow app icon 🌈

🙇 New insightful threads to level up your web3 knowledge!

1. Hunter Solaire on the Ether mint 🔥

2. MetaStreet on how to airdrop farm in NFTfi 🪙  

3. tycoon.eth on how to prove you own an NFT onchain ✅ 

✨ My NFT tool of the week: Mirror’s Writing NFTs 2.0

Mirror is a web3 publishing platform. Think Medium, but on a combo of Ethereum + Optimism + Arweave. Take note, because this week Mirror just unveiled a series of new updates that doubled down on its Writing NFT experience, like a new custom covers functionality, open editions, and secondary markets. If you’re interested in publishing more of your writings as NFTs for posterity, then be sure to check these new additions out. 

😜 The Azuki Elementals reveal just caused quite a stir…

Weekly action steps

🙏 Together with 🎮 Immutable 🎮

Unlock the future of gaming with Immutable. Experience Immutable’s transformative power, where true digital ownership and web3 technology redefine gaming. Join a vibrant ecosystem backed by our leading web3 gaming platform, millions of players and a diverse lineup of 150+ games. Build, play and connect.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Comments

All Comments

Recommended for you

  • Cointime精选 ·

    Meta Selling Compute Does Not Mean AI Demand Is Disappearing. It Means Compute Is Becoming Commoditized.

    Meta Selling Compute Does Not Mean AI Demand Is Disappearing. It Means Compute Is Becoming Commoditized.

  • Whale Transfers 1,133 BTC to Coinbase Prime, Valued at $71.48 Million

    According to Onchain Lens monitoring, a whale transferred 1,133 BTC from Coinbase to Coinbase Prime through an intermediary wallet, valued at $71.48 million.

  • U.S. AI Chip Stocks Decline Before Market Open, Intel Falls Over 3%

    On July 7, U.S. AI chip stocks experienced widespread declines before the market opened. Intel dropped over 3%, while AMD, Qualcomm, and NXP fell more than 2%. TSMC, Broadcom, and Tesla decreased by over 1%, and NVIDIA declined by 0.7%.

  • China's Central Bank Increases Gold Reserves for the 20th Consecutive Month

    As of the end of June, China's gold reserves stood at 75.44 million ounces (approximately 2,346.446 tons), an increase of 480,000 ounces (about 14.93 tons) from the end of May, which reported 74.96 million ounces (approximately 2,331.52 tons). This marks the 20th consecutive month of gold accumulation.

  • China's Foreign Exchange Reserves in June at $341.6262 Billion

    On July 7, China's foreign exchange reserves for June stood at $341.6262 billion, a decrease of $26 billion from the end of May, representing a decline of 0.75%, with expectations set at $343.2 billion.

  • U.S. Storage Stocks Drop Pre-Market, SanDisk and Micron Down Over 4%

    On July 7, U.S. storage concept stocks collectively fell in pre-market trading. Western Digital dropped over 5%, SanDisk and Micron Technology fell over 4%, Seagate Technology declined over 3%, Rambus fell over 2%, and SMI fell over 1%.

  • U.S. Stocks in Optical Communication Sector Drop Pre-Market

    On July 7, stocks in the optical communication sector of the U.S. market collectively fell pre-market. Astera Labs dropped over 4%, while Marvell Technology, Credo Technology, and AXT Inc. fell more than 3%. Tower Semiconductor, MaxLinear, Corning, Applied Optoelectronics, GlobalFoundries, Lumentum, and Qorvo all declined by more than 2%. Coherent, Nokia, Amphenol, and Broadcom dropped over 1%.

  • Pre-market Decline in U.S. Storage Stocks

    In pre-market trading, U.S. storage concept stocks experienced a widespread decline, with Micron Technology falling by 4.8%, SanDisk dropping over 4%, Corning down more than 2%, and Intel decreasing by over 3%.

  • Two Departments: Support for Reinsurance Institutions to Increase Capital and Issue Supplementary Capital Tools

    On July 7, the National Financial Supervision and Administration Bureau and the Shanghai Municipal Government released several measures to accelerate the construction of the Shanghai International Reinsurance Center. Among these measures, they proposed to enhance the quality and efficiency of the reinsurance industry, support reinsurance institutions in increasing capital and expanding shares, and issuing supplementary capital tools to improve the capacity for internal capital accumulation and external capital supplementation, thereby strengthening the reinsurance industry's capabilities. The initiative aims to guide the insurance industry to focus on major national projects, strategic emerging industries, and livelihood security, consolidating insurance and reinsurance underwriting capabilities to enhance risk protection levels. It also supports reinsurance institutions in leveraging their professional technical advantages to assist the insurance industry in reducing risk.

  • Sources: Saudi Arabia Plans to Expand Oil Pipeline to Red Sea, Increasing Capacity by 2 Million Barrels Daily to Bypass Strait of Hormuz

    On July 7, five informed sources revealed that Saudi Arabia is considering expanding the crude oil pipeline capacity to its western coast on the Red Sea, allowing Saudi Arabia and its neighbors to transport more oil without passing through the Strait of Hormuz. This east-west pipeline, built in the early 1980s, has gained strategic importance since the outbreak of the Iran war in February and the disruption of shipping in the Strait of Hormuz. The pipeline can deliver up to 7 million barrels of crude oil per day to the Red Sea port. The CEO of Saudi Aramco stated in May that approximately 2 million barrels are supplied to west coast refineries, while about 5 million barrels are for export. Sources indicate that Saudi Arabia is in preliminary discussions with some neighboring countries regarding the pipeline expansion, aiming to add about 2 million barrels of pipeline capacity per day. It remains unclear whether Aramco's planned expansion involves upgrading existing infrastructure or constructing new pipelines. One source mentioned that the expansion plan also includes a smaller refined oil pipeline. Two sources indicated that the expansion scale could range from 1 million to 2 million barrels per day, with refined oil also being considered. Another source stated that the project would take several years and cost billions of dollars, requiring adjustments to Saudi crude pricing mechanisms.

Daily Must-Read

Popular Activities

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

RaveDAO at Terra Solis by Tomorrowland: A Female-Led Techno Night Where Web3 Culture Converges

April 30 - April 30
Dubai

Popular Tags

Cointime
News
Contents
RSS
Company