NFT Market Update - 19th May, 2022

Andreessen Horowitz debuted $600 million gaming-focused fund. The new fund will invest in three key areas; game studios, gaming-focused consumer companies, and infrastructure.

NFT statistician, Punk9059, shared their ‘large-cap index’ chart showing during May there has been more volume in WETH vs ETH which means more sellers are quick to exit positions and take liquidity.

On June 8th, Ropsten, Ethereum’s main public testnet will undergo “the merge” which is one of the final steps before the main Ethereum blockchain switches to proof-of-stake consensus.

After “ Otherside” disastrous mint which cost investors more than $100 million in transaction fees, ApeCoin DAO is listening to offers about migrating ApeCoin (APE) off Ethereum, according to CoinDesk .