BRIEF NEWS UPDATE

• Macro: 

  As always, we start with the macro news. The market situation is still tense, with some still anticipating another correction in the stock market, and the real estate sector being recognized as a risk as well. The dollar has reached a 10-month high, and new conflicts could push oil prices higher. Let's look at October 12th when the CPI takes place.

• Crypto:

  Bitcoin continues to show strength through its dominance, while Pepe remained the most discussed topic in September. The FTX trial has commenced, and there's speculation that if a BTC ETF is approved, all others will be as well. Check out last week's newsletter to find out why January 10th is so interesting.

Once again, you've done it, you've internalized the basic knowledge about NFTs, and you're ready for NFT news :)

• The Saatchi Gallery presents its inaugural NFT-Crypto art exhibition, "Long Live London," running from October 4 to 6 as part of the Focus Art Fair. Known for its support of emerging artists since 1985, the exhibition is curated by Grida, a digital art curator and IHAM Gallery of Paris art director, who has previously curated notable NFT exhibitions. This event signifies the integration of crypto art with traditional art at Saatchi Gallery, with the Foundation marketplace chosen as the digital release platform.

• Featured artists such as OSF, Leo Crane, ARTJEDI, and Claire Maguire showcase works celebrating London's rich history, culture, and landmarks. OSF, a London-based artist, takes pride in being part of this exhibition. Read more.

• Nike's .SWOOSH is launching the Air Force 1 Low "TINAJ," a special edition exclusively featuring .SWOOSH branding for digital platform users. This unique design replaces the traditional Swoosh logo with the newer .SWOOSH emblem. The TINAJ release date is scheduled for October 20, with a retail price of $120. However, it will only be available to .SWOOSH users who have purchased and revealed an OF1 Box by October 16, with a limit of one pair per person. Users holding OF1 boxes must reveal them before October 16 to qualify for the TINAJ sale. Read more.

• Diesel has teamed up with Fossil Group to introduce the Vert Collection, a line of timepieces that blend physical and virtual elements through VR technology. Buyers of Vert watches receive a linked NFT for virtual interactions, and they can acquire an exclusive Vert NFT that evolves through three stages leading to a grand Metamorph virtual event. The launch of this unique collection and interactive experience is set for November 2 on vert.diesel.com. Read more.

• Instagram's first Creator Innovation Summit on October 4th featured a fireside chat between Marques Brownlee and Adam Mosseri, Instagram's head. Mosseri expressed optimism about NFTs, despite their earlier removal from Instagram in March 2023 due to low revenue and high risk. He also discussed the potential of AI chatbots for creators, emphasizing alignment with creators' values and Meta's plan to launch AI chatbots with distinct personalities to enhance engagement. Mosseri is hopeful about AI chatbots if they navigate complexities successfully. Read more.

• Collection Ranking

  • DeGods and Doodles with loss in reach.

  • Dreamzuki is new in the Top 25. An Anime PFP project inspired by Azuki (not affiliated) and a derivative of their art-style.

Highlights:

• Adidas & Moncler NFT collection launch. Read more.

• Zora has introduced free on-chain NFT minting for creators, shifting the initial gas cost to the first minter. Read more.

• Line Next's Sweet Monster character brand is now part of the Web3-based strategic defense game Sweet Monster Guardians. Read more.

• Forgotten Runes releases trailer for Goblin Town game. Read more.

• Yuga Labs announced a restructuring, leading to the elimination of various roles within the company. Read more.

• Sotheby’s and Ledger announced partnership. Read more.

• Matt Kane drops low-effort AI prompt NFTs with a bridge-burning theme. Read more.

• Blackbird Labs secures $24 million Series A funding for web3 restaurant loyalty platform. Read more.

• Proof lays off multiple employees in downsizing. Read more.

• FT Rival Stars Arena sees an increase in trading volumes, was hacked, resulting in the theft of $3 million in funds and secured funding to recover from the $3 million exploit afterwards. Read more.

• Pudgy Penguins' Chief Creative Officer hints at a collaboration with LA-based cookie company Last Crumb for Pudgy-themed cookies. Read more.

• RTFKT announces Nike Dunk Genesis SZN starting on Oct. 18, featuring forging events until Nov. 20. Read more.

• Pudgy Toys now available in Smyths Toy Stores across the UK. Read more.

• Yuga Labs invests in a spatial computing startup for 'Otherside.' Read more.

• LayerZero's messaging platform facilitates asset and data transfer between diverse blockchains, starting with integration with Conflux Network's mainnet. Read more.

• VeeFriends has teamed up with Gregorys Coffee for "The Jolly Jack-O," a special pumpkin chai latte available at 37 locations throughout October. Read more.

Is there anything else interesting to look at?

PROJECT OF THE WEEK

Boss Beauties

• Boss Beauties is acquiring BFF, an organization dedicated to educating and connecting women and non-binary individuals in the Web3 space. Boss Beauties, known for its NFT PFP collection, educational programs, engaging content, and exclusive products, is joining forces with BFF to collectively work towards bringing one million more women and girls into the Web3 world.

• Previously, Boss Beauties had announced a digital collectibles project with Barbie to encourage women's participation in Web3 and also donated $250,000 to support the Barbie Dream Gap Project and the Boss Beauties Foundation. Read more.

TWEET OF THE WEEK

Report: Bitcoin Ordinals growing despite NFT Market downturn

PROJECT VOLUME

Kitaro

• Kitaro increased 28% in Floor Price after a shoutout in spaces by Luca Netz. Luca mentioned in Spaces that there are several projects that started in the bear market and did not experience a bull market. In doing so, he mentioned Kitaro. 🔥

• In the process, the floor price has risen from 0.05 ETH to as high as 0.15 ETH and has now settled just below 0.1 ETH. This generated a volume increase of over 400%.

• Luca Netz said: “There is this Kitaro Group” <- Click here to hear it.

• There is also an upcoming Spaces: Kitaro World x Luca Netz: Link

EVENTS BY ARTS DAO

NFT MeetUp: By Arts DAO (This Saturday)

You can become a member of the Arts Dao, by purchasing our NFT token, which grants you access to not only our exclusive community events, daily market analysis but also makes you a fractional owner of the NFT’s owned by the DAO Treasury.

These are some of the DAO holdings to date:

Including Proof Collective, Damien Hirst, Bored Ape Kennel Club, Admit one and more

OS Link: https://opensea.io/collection/ethernal-gates
Discord Link: discord.gg/artsdao