NFT Market Update - 12th August, 2022

Circle/$USDC, the largest dollar-backed stablecoin, says they will “fully and solely support the Ethereum proof-of-stake chain post-merge.”

WeNew Labs released the ‘Warm’ governance plan. Warm enables holders to link their cold wallet to a hot wallet without jeopardising NFTs. The team is looking for well-reputed, security-minded community members to become contract multisig signers.

New EU law will regulate NFT collections like cryptocurrencies. EU citizens hoping to put an NFT collection up for sale will need to receive authorization from the EU before offering up their services to the public.

Tim Ferris wrote an open-sourced ‘NFT Insider Trading Policy’ for the web3 community. The policy can be used by anyone and will evolve over time from contributors.