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- March 11 - 15: This week in NFTs, recapped in one letter
March 11 - 15: This week in NFTs, recapped in one letter
Right Click, Recap is a weekly newsletter that helps you stay in the loop of the ever-changing NFT market and its community.️
Gm,
HODL strong, friends, we’re all gonna make it. This week we chose rich, lived through a canon event in Ethereum history, and are still waiting for rich to choose us back.
While today may be a red day for crypto and NFTs, the fundamentals are as strong as ever.
Ethereum’s Dencun upgrade—the blockchain’s biggest update since 2022’s The Merge—went live this Wednesday, making transaction fees on L2s drop massively (think paying 4 cents instead of 38 for a DEX swap on Optimism, for example). Web3 is taking a huge step towards accessibility—all while Bitcoin surpasses Taylor Swift in Google searches (top signal..? pls no).
We’re wrapping up this week with an empowering drop by Leah Ibrahim Sams. Part of our Women's Month celebrations, My Body is Power of Women’s genesis drop on RARI Chain, live until Saturday at 9am ET on Rarible.com.
🛸RaribleX Files: Are you interested in building next-level web3 experiences? Subscribe to our monthly newsletter about new RaribleX features and partnership alpha.
Memecoins have been all the rage for weeks now—after all, we’re about to see the dog wif hat on the Vegas Sphere, which is actually pretty surreal. As boring as it sounds, be EXTRA cautious when dealing with all those funny tickers and never invest more than you can afford to lose. NFA, DYOR.
Bitcoin is reaching new highs every single day.
ETH has just broken through its $4,000 USD resistance.
Next up: Memecoins.
In such a fast-paced market, one must understand the flow of attention and where it's headed next.
Historically, attention has followed this flow:
BTC >… twitter.com/i/web/status/1…— Kermit 🐸 (@crypto__kermit)
3:19 PM • Mar 11, 2024
Black Mirror's first official NFTs is a success. The “Smile More” collection on Base sold out in 3 hours.
Vitalik Buterin calls for a mindset shift toward building on L2s as the Ethereum ecosystem grows to have a “big impact on the world”.
The DogWifHat ($WIF memecoin) is set to be displayed on Vegas Sphere after its community raised $690k. Meanwhile, the original meme photo is being auctioned as an 1/1 NFT.
XCOPY’s When Airdrop sold for 151.19 ETH over the weekend, worth over $593k. Grifters volume rose by +91%.
We LOVE XCOPY—last week, we saw a 20 ETH sale for one of their pieces that originally minted on Rarible.
It’s not the end of the world if you lose a battle. We’re here to win the war 🫡