NFT Market Update - 23rd August, 2022

The rarest Pudgy Penguin sold for 400 ETH/$630K. The Penguin originally sold for 225WETH/$787K, netting a loss in dollar terms of $157K.

BendDAO founder has proposed emergency changes to the protocol and if the vote passes there could be 600+ liquidation auctions of BAYC, MAYC, Clone X, Azuki, and Doodles over the next month.

Crypto exchange FTX’s revenue soared 1,000% in 2021 to $1.02 billion making them the industry’s third-largest crypto exchange behind Binance and Coinbase only.

MTV introduces the ‘Best Metaverse Performance’ award category, six metaverse musical acts are up for nomination, including Ariana Grande, Justin Bieber and the K-Pop group BTS.