NFT Market Update - 3rd August, 2022

Overnight, there’s been a widespread SOL exploit draining wallets throughout the ecosystem including attacks on Phantom wallets.

Gucci and Tag Heuer announced they will accept $APE coin payments; Gucci in their US boutique stores and Tag Heuer on the Connected Calibre E4 watch.

Magic Eden, the largest marketplace on Solana, is adding support for Ethereum and one of the key features is ‘no frozen or stolen assets’ on their platform.

MicroStrategy CEO, Michael Saylor is stepping down as company takes a $917 million hit on its Bitcoin investments.