Newsletter

NFT Market Update - 1st June, 2022

Ethereum layer-2 scaling solution Optimism has been overwhelmed with “all-time high demand” following its highly anticipated airdrop launch. Eligible addresses included regular Ethereum users, DAO voters, bridge users, and multi-sig signers.

Bored Ape Yacht Club announced a partnership with tokenproof to securely verify ownership and distribute tickets to ApeFest ‘22. The tokenproof app will be the only way to get tickets and enter ApeFest.

French luxury fashion brand, Balmain, is creating the ‘Non-Fungible Thread’, an NFT-backed ecosystem of digital, physical, and hybrid experiences built on Ripple’s XRP ledger and catering to Balmain’s exclusive clientele.

LooksRare introduced new features allowing traders to know if an NFT is not tradeable on OpenSea.