NFT Market Update 20th December 2022

Sam Bankman Fried surprised magistrates after he said he will no longer fight extradition to the U.S. A source revealed Bankman believes he could obtain bail in the United States.

Daniel Alegre, Activision’s former COO will take on the CEO post at Miami-based Yuga Labs. Co-founder Wylie Aronow said, “Nicole, Greg, and I have been on the hunt for someone with Daniel’s skill set for some time. The business, our ambitions, and the complexity of the work have grown beyond our wildest expectations. We are thrilled to have him join the team to help with our vision of a truly interoperable metaverse.” Alegre was 16 years at Google and worked on Call of Duty, Diablo, Candy Crush, and World of Warcraft.

Amazon released a new series called NFTMe which features artists, collectors, and industry professionals from around the world. The series aims to be the “MTV of NFTs, providing the default go-to for information on NFTs in a clear, understandable, and effective way.”

Solana News

Cets on Creck, a popular NFT lifestyle project, dropped two teasers: firstly, mysterious animated art and a Rick and Morty-esque character named “Laboog”. After delayed announcements and sub-par art, community sentiment was left divided.

Multi-signature and DAO governance platform Squads Protocol introduced a new Solana wallet named Fuse. Compared to other Solana wallets, Fuse allows any transaction to create a multi-signatory proposal, increasing the likelihood of efficient group decision-making.

Notable Solana influencers announced a new web3 resource, “sandbar”. The platform aims to create an employment hub for web3 professionals and service providers. A smart-contract escrow account will be used to ensure all completed work is paid.