NFT Market Update May 4th 2023

Jack Butcher’s Opepen sets 001 and 002 debut, with editions trading at a 2x floor premium and recording a notable 2.42 ETH high sale.

Meebits celebrated their 2nd birthday by introducing Living PFPs and Moods, allowing holders to customize the PFP without making changes to the Metadata, along with an updated render style.

PacWest Bancorp shares plummeted 56% after-hours as the bank considers strategic options, including a potential sale, amid declining deposits and regional banking worries.

Former OpenSea executive Nate Chastain, who made $50,000 in an insider trading case involving NFTs, was convicted of money laundering and wire fraud, and now faces up to 40 years in prison.