Newsletter

NFT Market Update - 7th October, 2022

BNB Chain was drained after a potential exploit allowed attacker(s) to move $100 million off the Binance blockchain.

FTX has partnered with Visa to roll out crypto debit cards allowing customers to spend crypto without moving it off an exchange. FTX CEO acknowledged some irony in the partnership saying “there’s a decision you have to make as a traditional payments company: do you want to lean into this or do you want to fight against it? I respect the fact that many of them are leaning into it.”

Magic Eden announced ‘Badged Collections’. Similar to OpenSea’s verified tick, badges are meant to signal “trust and safety” but are not an endorsement by Magic Eden

Coinbase CEO Brian Armstrong gave unprecedented access to director Greg Kohs to film a documentary about building a tech startup from the beginning to IPO. The documentary, available today, was filmed over three years with Armstrong’s goal is to demystify cypto and show the reality of building a global company.