January 15 - 19: This week in NFTs, recapped in one letter

Gm,

It’s a green week for NFTs, fam! FOMO finally hit the NFT market, and floor prices across the space have shown signs of recovery 🌱

And of course, we have to talk about Pudgy Penguins here. This week, the NFT world was either totally shocked or just nodding knowingly when the collection's floor price reached its ATH at 19 ETH. Yes, you read this right—ATH on a 2021 collection in 2024. 

Adding to the frenzy, Lil Pudgys also soared, clocking in a 99% increase in floor price, hitting the 1.77 ETH mark (successfully faded at 0.9 by yours truly 🤝). 

Is the ‘flappening’ imminent? Time will tell, but it does seem that the brand’s strategy is paying off.

Now some exclusive alpha for Jamie Dimon: “Satashi” isn’t going to print more Bitcoin. Speaking of digital gold, beware that Ordinals Trump NFTs are coming (less is more, Donald). Also, Bitcoin surpassed Silver to become the second-largest ETF commodity in the US. More than enough to keep the space optimistic!

Finally, we’re super excited to meet the 10 winners of the Rarible x Forbes Art Contest in due course ✨Make sure you submit your artwork while you still can!

last one, promise: 

• Solana to launch second crypto smartphone at a cheaper price point, shipping in 2025 

• Nakamigos launched a new (AI generated) Crypto Trading Cards collection

• Yuga Labs revamps website and announces community commitment with new clubhouse initiatives

Consistency; Consistency; Consistency.