March 4 - 8: This week in NFTs, recapped in one letter

Gm,

We did it! Bitcoin just hit an all-time high today at $70,052 and who knows where it’ll be by EOD. Memecoins and ETH are flying, and naturally the gas prices on Ethereum have been crazy. 

Could that soon change? Ethereum’s upcoming upgrade can be massive for the network, its L2s and the larger NFT space. Its EIP-4844 protocol upgrade will introduce Blobspace on March 13. TL;DR: it’s going to make trading ✨ much cheaper  ✨ on L2/L3s.  

We’re talking up to 98% drops in rollup transaction fees. A better, more accessible web3. Read a deeper dive into how Blobspace works here (trigger warning: math). 

Speaking of a better future in web3, happy International Women’s Day from all of us on the Rarible team 💜💛

Join us in honoring Women's Day with a special OE drop by artist Laura Santiago, Hug x RARI Grant Winner. “Love Letter” will be open for mint for the next ~24h for free exclusively 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.

Memecoin mania is getting wild. Are you team Boden or team Tremp? (ok no more cringe I promise)

• Bitcoin NFTs (Ordinals) had a higher weekly volume than Ethereum. Yuga Labs’ MAYC floor price fell below its mint price of 3 $ETH, now at 2.89 $ETH.

• Web3 is getting HOT! There has never been so much onchain activity as now. DappRadar reports that February marked a new ATH in the dApp industry. Are you building an NFT dApp? You know where to get the infrastructure ➡️ Rarible API.

• Are you in the Moca fam? Watch your wallet. Mocaverse NFT holders will be airdropped $MOCA tokens.

CryptoPunk #3100 sold for 4,500 ETH on March 4, worth $16 million. It’s the second most expensive CryptoPunk transaction ever. WE’RE SO BACK!

You miss 100% of the shots you don’t take.