June 3 - 7: This week in NFTs, recapped in one letter

Gm, 

Things are heating up! Crypto exchanges and big names bring in bullish news, Bitcoin is nearing ATH again, but for some reason we’re all holding our breaths.

Robinhood acquired Bitstamp for $200M (quite a bargain?), Coinbase launched its Smart Wallet, and Binance is accepting Mastercard payments again.

Tides are changing, but it might be too soon to say WAGMI. Sotheby's is auctioning a set of gold BAYC + 2x MAYC + BAKC on June 18. How hot are Yuga NFTs right now? We’ll have to wait and see 👀

Speaking of the future, the $90B asset manager VanEck predicted that ETH will reach $22k by 2030–what would your NFT portfolio look like then?

While predictions might for sure keep us optimistic, we’re heads down building the onchain future we want to see.

• World of Women announced a partnership with Tezos to build a new platform for female empowerment.

• McDonalds launched its own metaverse in Singapore.  ‘My Happy Place’ allows locals to play and earn rewards. In the same week, The Sandbox raised $20M at a $1B valuation.

• GameStop stock soars as Roaring Kitty announces livestream this Friday and reveals $382 million unrealized gain.

This week’s top NFT sale goes to Recoated, from the ‘Skulls of Luci’ collection by artist Sam Spratt. Sold for 85 ETH today, it marked the collection’s all-time high in USD ($322,952).

‘Skulls of Luci’ comprises 50 unique NFTs and is owned by big names in web3, such as OSF, Snowfro, and Fewocious.

Vitalik Buterin shared that, like many people in the space right now, he is “feeling quite unhappy about ‘this cycle’s celebrity experimentation’ so far.” 

$MOTHER by Iggy Azalea is so far the only celebrity memecoin that hasn’t gone down bad. This is her response to Vitalik’s comment 🍿

If it looks like it's going to rain, take your umbrella with you. Just in case.