July 22 - 26: This week in NFTs, recapped in one letter

Gm gm,

So, the ETH ETFs finally landed. They were initially approved on May 23rd, and it feels like we’ve been holding our breath ever since.

Now, we know this wasn’t a good week for ETH, with prices dropping below 3,100 yesterday 🥲 but let’s keep our chins up and focus on the big picture - ETH is currently being traded on the stock exchange…this is big fam!

In NFT news, Pudgy Penguins celebrated their 3rd birthday this week, and are still going strong. They secured $11 million in funding for a new L2 project, and the Van Eck ETF ad featured a whole host of your favorite pudgy fellas.

The Doodles team announced a new media platform, Doodles TV. This token-gated platform gives fans access to music, film, and artwork premieres. Excited to see where this goes!

💛 Here at Rarible we’re staying hyped about onchain summer. Check out our article on 5 of the biggest NFT projects trending on Base rn.

• APEcoin DAO are moving forward with an Ape-themed hotel in downtown Bangkok.

• MOCA Foundation is partnering with TON Blockchain to build a new consumer network.

• Video game pioneers Atari are bringing their arcade games to Base, starting with the OG game Asteroids (from 1979!)

Jesse Pollack of Coinbase shared some web3 insights that apply across the board:

Patience is key.

This week Kevin Sherick’s essay ‘Generative Anesthetics’ made waves on X, with Sherick leveling some pretty heavy critiques against generative art. Other voices weighed in on the debate, but the loudest voice was Tyler Hobbs’ generative piece ‘Fidenza #245’ selling for 31ETH!

Work hard, play hard.