July 1 - 5: This week in NFTs, recapped in one letter

Steady fam, WAGMI.

Massive BTC sell-outs continued this week and over $600M worth of crypto got liquidated in 24h–FTX crash vibes, right? Meanwhile Boomers saw the stock market break all-time highs.

Alt and NFT seasons are late (to say the least) but don’t jump off the bridge just yet! NFT sentiment is slowly recovering.

Pudgy Penguins rose 70% from lows earlier this week and even BAYC followed for a bit. Azuki, DeGods and Doodles also joined in weekly wins and some builders are loading their bags.

Now, celebcoins are getting seriously old, so what’s the next stage of the NFT cycle?👇

Consumer Crypto seems to be the meta that most successful NFT projects are betting on—and can I just say, we've been talking about this for MONTHS.

For all hopeful degens out there, we got you another dope Based open edition drop on Rarible today: LOL™️ DEGEN by Dusty is minting now for 200 $DEGEN.

• Cool Cats is moving further away from web3 components. Community members and founder Clon took the debate around the brand’s future to X.

• One for the team! Tron’s founder Justin Sun offered to buy Germany’s $2.4B worth of Bitcoin to help stop the dip.

• KOLs, F1 sponsorships, marketing drama… Polkadot Treasury Report showed that it spent $37M on outreach in the last 6 months.

Video time, kids. Let's watch and learn.

XCOPY is back at Right Click, Recap this week with a top sale, frens. One of the Overlord 20/20 NFTs just went for 30 ETH.

Zoom out. Prepare for the calm after the storm.

💛 We are hiring! Do you know that special someone who could help us expand? We’d love to see your referrals.