NFT Market Update - 11th May, 2022

After a disastrous Twitter space, the founder of Azuki, ‘Zagabond’, posted an official apology to his community.

Pixel Vault wrote an open letter to the community on its first anniversary. They shared updates and plans for PUNKS, MetaHero, and other verticals.

Speculations have been growing that there was a coordinated attack on the UST stable coin. The initial report suggests that a single attacker sold $285 million UST stable coins on Curve and Binance.

NBA Top Shot’s host blockchain, Flow, is getting a $725 million boost backed by its developer’s company’s investment arm, Dapper Ventures, and a high-profile group of investors including Andreessen Horowitz.