Aug 25-31: This week in NFTs, recapped in one letter

Gm,

No meme better encapsulates the spirit of 2021 web3 than “I need the price to go up”. But while the meme has mostly gone away, don’t we feel like that the price needs to go up more than ever before?

Maybe devs did something this week? Bored Apes went up (as much as 18%) and so did other PFPs. While the volume is still low, we do hope the creators are collecting royalties on this bump. If they’re not, maybe they should do this simple trick…

On the other hand, crypto is down 5-10% across the board… so there’s that.

Let’s see what else went down this week:

ok I need PRICE TO GO UP. I cant take this anymore. every day I am checking price and its dipping. every day, check price, bad price. I cant take this anymore, I have over invested, by a lot. it is what it is. but I need price to GO UP ALREADY. can devs DO SOMETHING

as someone wise in the comments said, “there's a difference between dilution and expansion”

• In an apparent first, the SEC sued an NFT project for offering unregistered securities
  

• Yuga’s Legends of The Mara is opening its beta in September
  

• Sam Spratt’s The Monument Game (read more about it here—TL;DR it’s a unique project on the intersection between philosophy and art) has ended, winners rewarded with 80+ ETH skulls
  

• Memeland has announced a cryptic event in Hong Kong—just a few days before the ApeFest

Nothing is more permanent than a temporary solution.