August 5 - 9: This week in NFTs, recapped in one letter

Gm gm,

First off - Ordinals on Rarible? What? Well, not exactly…

We’ve partnered with Gamma to bring you a  generative Ordinals collection from none other than Andre Oshea. ‘Nexus Grids’ is minting now at 0.0008 BTC ($48.28). Get on it.

What a week! We all woke up on Monday morning seeing red with BTC, ETH, SOL and other major coins down 13 - 20%.

But things were already looking up by Tuesday, with whales and institutional investors swooping in to buy the dip. Honestly it all feels like a distant memory to us now (No, really, it does 🥴).

Ronin Network also had a rollercoaster week. After losing $10M worth of ETH in a hack, a white hat hacker saved the day, returning all funds and receiving a $500,000 reward for their efforts. 

Immutable X announced that they will close their native NFT marketplace, ceasing completely on September 27. But don’t worry — you can still trade Immutable X NFTs on Rarible.com!

Wen Lambo? Well, Animoca Brands hopes to answer the age old question with a new partnership with luxury car brand Lamborghini. As you know, we love to see web2 brands enter the space. Study Rarible.

Also minting on Rarible today is our final Degen drop of the summer, designed by our very own @rusky_pasha. Learn more about this Degen partnership here.

• Ripple’s legal saga ended with a $125M fine, well below what the $2B that the SEC had hoped for.
  

• DeGods caused a stir on X this week when Frank announced a new Telegram Chat and started burning DeGods as the market cap increased. Floor prices rose 100% to 1.55ETH in no time. 
  

• Holders of the Doodlesᵗᵛ Super Pass (S1) received a Premiere Pack airdrop — find it under “Packs” in your collection.

Lost XCOPY ‘Hackerproof 2049’ sold for 22.22 ETH ($58,319.72)

Anyone else glued to the Olympics rn?

Jonathan Wu did a deep dive into carry trades and everything that happened in crypto markets at the start of the week. 

Knowledge is power. Stay informed 💪