NFT Market Update 7th December 2022

Crypto security firm Ledger presented in Paris a new hardware wallet called ‘Ledger Stax’. Pascal Gauthier, CEO of Ledger said, “the time is now for a device for more mainstream users and at the same time, we must not compromise on security.”

ApeCoin holders staked $32M into the contract with rewards starting on 12th December. As of writing $APE is trading at $3.95.

RTFKT team shared shipping options for holders outside of the U.S. after the team faced criticism over handling of Cryptokicks. The team will have a HUB service which allows holders without a U.S. address to mint, however, holders will need to find a solution to ship from the United States by 1st May 2023.

Solana News

Leading Solana wallet, Phantom, stated that it has conducted an audit for the privacy and safety of its users. The audit found that users were not able to be identified by IP or wallet address.

Liberty Square has opened nominations for its Tribunal members today. The Tribunal will consist of a group of community members who meet with the core team to voice suggestions and opinions. The team also teased art for its upcoming multi-chain mint.

Polygon co-founder, Sandeep Nailwal, took a dig at the Solana ecosystem stating it “goes down monthly” and is “unusable on a weekly basis”. The comments draw ire from the Solana community with Smyths CEO revealing Polygon business development had reached out to bridge its project from Solana to Polygon.