August 26 - 30: This week in NFTs, recapped in one letter

Gm,

This week, the entire NFT space was shaken when the SEC sent a Wells Notice to OpenSea. This could have a significant impact on artists and we stand by creators everywhere today.

There’s so much innovation, amazing art, and big names in web3 right now. The tides are shifting and we’re ready for it 🏄

Meanwhile, it’s been a week of records. Base Onchain Summer is going strong and the L2 registered 1 million daily active addresses.

US elections are approaching and Trump just launched (yet another) NFT collection, his biggest so far, with 360,000 cards.

Speaking of cards, we’re super excited to roll out the new NFT packs feature on RaribleX with ✨the coolest ✨ postcard collection you’ll see today.

This week’s Artist of the Week is our very own in-house artist, @rusky_pasha, who designed the stunning postcards for Onchain Summer Vacation.

• Telegram’s CEO, Pavel Durov, was arrested in Paris. TON's price dropped but bounced back once he was released.

• Bloomberg is now using Polymarket data to give users real-time election odds from the popular crypto betting platform.

• Doodles is hosting a music video premiere event this Friday featuring Pharrell Williams.

🔴 Avalanche blockchain landed a record-breaking deal as Tixbase partnered with Turkish ticketing giant Passo.

Remember what we’re all in web3 for.