NFT Market Update - 24th October, 2022

Blur marketplace has already traded more 30-day volume than SudoSwap, despite only being public for 4 days.

Sam Bankman-Fried, founder and CEO of FTX, revised his crypto proposal on Saturday after facing strong backlash on Twitter.

Coinbase has partnered with New York Knicks to auction a collection of 1/1 NFTs featuring different artists. Auction winners will receive the NFT, two tickets to a Knicks game, and two passes to the Knicks gala hosted by Coinbase in New York City in February of 2023.

GMoney’s NFT clothing brand, 9dcc announced Iteration-02 featuring Art Blocks and Snowfro, dropping during Art Basel Miami.

Volume across Ethereum and Solana fell to new lows. Opensea posted $7.1M of volume on Sunday and over the past 2 weeks Solana NFT trading volume dropped from 14k users to 3k.