May 05 - 09: This week in NFTs, recapped in one letter

Gm,

It’s a big week for web3. The mega-brains at Ethereum pushed the Pectra upgrade live, opening the door for account abstraction and batch transactions. This comes on the back of last week’s news that the infamous “Apple tax” would be eliminated, making it easier for teams to offer in-app NFT sales. NFT trading is about to get a whole lot easier.

• ETH shoots up to $2350 and BTC is up at ​​$103K. (We all bought the dip right?)

• XCOPY’s “The Last Selfie” sold for $1.15 million USDC. Permission to say “we are so back”?

• Doodles release the $DOOD token details, live today. Check if you’re eligible for the airdrop.

• Good Vibes Club are going strong, up almost 4x over the past 3 weeks.

• Berabaddies felt some heat on the timeline over a satire video they released. (Maybe we all need to rewatch MTV cribs?)

• Crypto company Ripple announced they will be investing $25M into classrooms and teachers across the US.

• Revolut will bring BTC Lightning payments to Europe.

• Memecoins look to be recovering, with Thursday seeing top coins all up between 10 - 30%. Where’s the new Pope coin?

But seriously – this is the only signal we care about:

The Rekt x Abstract collab sold out in 40 minutes. No surprises there.

Mirror’s 1mouth analog is a collection of 222 1’1s. Artworks will be revealed tomorrow, make sure you grab one while you still can.

When in doubt, mint NFTs.