🦍Apes Together Strong - The WAGMI Journal #48
BAYP flips Cryptopunks; adaptability over maximalism.
In today’s issue:
The crypto market is flat with the global market cap sitting at ~$2.2-2.3 trillion. NEAR led the past 24h performance amongst the top 100 crypto assets by market cap. The global markets are quiet and trading volume remains on the lower end.
In other news, crypto VC funding reached $25 billion in 2021, Crypto.com is planning a Super Bowl ad, and BAYP’s floor price flips Cryptopunks.
We’re continually improving our content, please reach out if you have any other ideas or would like us to recap a segment of the market.
- Curated by Marco Manoppo (@manoppomarco)
📰Market News
⎆$25 Billion Crypto Venture Funding in 2021
According to The Block, more than 1,700 crypto venture capital deals were conducted in 2021, netting over $25 billion in funding. This figure is more than a 700% increase in comparison to the amount of funding in 2020. As investors get more comfortable with other crypto assets outside of BTC and ETH, this trend will continue and funding will trickle down to smaller crypto assets.
⎆Crypto.com Super Bowl Ad
After making a name for itself by partnering and sponsoring with multiple notable sports-related entities, Crypto.com is making another push to get its name out there by planning to run its first Super Bowl ad in February 2022. Additionally, it is reported that FTX will also be doing a Super Bowl ad. The relatively young and financially comfortable crowd that follows sports is ripe for crypto firms to target, especially those that have real-life practical products such as crypto-linked credit/debit cards.
⎆Bored Ape Flips Cryptopunks
2021 is without a doubt the year of NFTs. Cryptopunks led the charge as the original crypto-native NFTs and have since kept the number one status as the most prestigious NFTs. Fast forward to the end of the year, the floor price of the Bored Ape Yacht Club (BAYP), another NFT that rose to popularity primarily due to influencers’ adoption, has flipped Cryptopunks. For some of us that have been around since 2017, this is a testament to the fact that adaptability is important in crypto, maximalism and sticking to what was considered “OG/Original” is not always the best move.
👨🏻💻Decentralized Finance (DeFi)
Compound DAO Uses Public Bidding Process To Hire Security Auditor
Peer to Peer Encrypted Messaging Using Metamask!
Uniswap V3 has been Deployed on Polygon
Opera Eyes Polygon for Next Mobile Wallet Integration
BNB Burns Will Now Better Reflect DeFi Activity on Binance Smart Chain
NEAR Token Jumps Over 20% After UST Integration
APWine V1 will Launch on Mainnet on the 23rd of December
OlympusDAO x dopex Live on Arbitrum
ClayStack Malawi Launches Today
🏛Governance - Active Proposals
Gitcoin - PrimeDAO Mutual Grant Agreement
Babylon Finance - BIP-6: Babylon Diplomats
Fei - Update the TRIBE buyback Balancer LBP
🦮NFT & Metaverse
Bored Ape Yacht Club NFTs Catch up to CryptoPunks, Flips Floor Price
Elon Musk Thinks Neuralink is Better than the Metaverse in Long Term
Chinese News Site Xinhua to Mint NFTs on Tencent’s Enterprise Blockchain
Manifold Studio: Open For All Creators
Hong Kong NFT Project Monkey Kingdom Loses $1.3M in Phishing Hack
Top Sales (Last 24-h); Source: https://dappradar.com/nft
📈Deal Flow & Capital Raise
Cosmic Guild - $1.5M Seed Round
B.Protocol - $2.2M Seed Round
Crypto Fight Club - $2.775M Seed Round
Arcade - $15M Series A
⚖️Regulatory Update
India’s Crypto Law Might Not Be Ready Before May
SEC Rejects Kryptoin Spot Bitcoin ETF Proposal
Teenage Suspect in $16M DeFi Hack Wanted for Arrest in Canada
Brian Armstrong Is Sued for Allegedly Stealing Blockchain Startup’s Work
100 Digital Payment Token Firms in Singapore Fail to Win Licenses: Report
📚Noteworthy Reads
Jack Niewold’s Thread on $FTM
Bonfida’s Thread on how to build an uncensorable web with Solana
Jason Choi’s Read on Elevator Pitch Template
Feel free to reach out to manoppomarco@gmail.com — feedbacks and constructive criticisms are much appreciated.
DISCLAIMER:
All the information presented on The WAGMI Journal publication and its affiliation is strictly for educational purposes only. It should not be construed or taken as financial, legal, investment, and any other forms of advice. Writers, authors, and contributors of The WAGMI Journal may hold any assets mentioned in the issue.