NFT Market Update - 26th October, 2022

Gordon Goner, co-founder of BAYC, showed support for Reddit avatars, tweeting, “The @Reddit NFTs look great. They feel super collectible and are well designed. Smooth roll out. Kudos to the team.

Following the SEC’s private probe into Yuga, Gutter Cat Gang announced the Gangcoin launch will be delayed until there is “sufficient regulatory clarity.”

Axie Infinity started releasing previously restricted tokens to early investors as part of a massive $200 million unlocking event. Traders built up short positions, betting the token would fall, however, AXS surged 7% amid a market-wide rebound, catching shorts off-guard and liquidating their positions.

DC Comics announced the next step in its digital expansion DC3, weekly comic drops on featuring rare variant covers. The first drop will be Superman #1, on October 27, for $9.99.