NFT Market Update 26th December 2022

Caroline Ellison of Alameda said she was “truly sorry” for defrauding customers and has agreed to help prosecutors build their case against Sam Bankman-Fried.

Manchester United faced criticism from the art community after @OSF tweeted that the collection’s pfp was a “rip off” from artist @Lucréce.

Polygon CEO, Ryan Wyatt changed his Twitter pfp to a y00t after news broke that the collection is bridging to Polygon.

Gary Vaynerchuck announced he’s back to buying NFTs for the first time in a while and that he “can’t wait to get re-educated on the current market.”

Solana News

DeGods and y00ts sent shockwaves through the Solana NFT ecosystem by announcing their departure from Solana to Ethereum and Polygon.

Popular collection, Lily NFT, introduced a new form of staking called “planting” that rewards holders with an increased likelihood of receiving legendary NFTs.