Arts DAO Newsletter #58

Author

Arts DAO
October 31, 2023

Arts DAO is the largest NFT community in the Middle East, bringing artists, collectors and builders together to build the future of web3 together.

WANT TO BE VIEWED BY THOUSANDS OF WEB3 READERS?
Contact [email protected] or Arts DAO Admin number for Newsletter Sponsorship Opportunities

BRIEF NEWS UPDATE

  • Welcome to the Arts DAO newsletter. As always, this week we bring you the latest Macro, Crypto, and NFT news, along with some alpha points to help you navigate the market. 👀

  • While the dollar is breaking a 12-month trendline, stocks are in a correction, and regional conflicts continue to cause tension, the price of gold is rising. However, there is another issue at hand...

ALPHA: This week, much revolves around AI. On one hand, the SEC warns of a potential AI-induced financial crisis within a decade, and Cathie Wood speaks of layoffs caused by AI. Nevertheless, she predicts that many investments will flow into AI. Google is investing a substantial $2 billion in Anthropic, OpenAI's competition. OpenAI, the creator of ChatGPT, organized a developer conference called OpenAI DevDay, which is expected to serve as a bullish catalyst. Therefore, it's advisable to keep an eye on AI coins.  💰

  • Bitcoin is showing some strong performance touching $35k. There's growing speculation about BTC approvals, driven by a court ruling on Grayscale's application and Blackrock's changes in their filing, suggesting ETF approval may come soon…

ALPHA: Besides AI, Memecoins are on fire too 🔥 SmurfCat, for example, experienced a 700% surge in value this week. 📈 Meanwhile, Sproto Gremlins have seen a remarkable 32% increase in their floor price in the NFT Space, and the token $bitcoin has tripled in value.

SmurfCat is a TikTok meme. According to Google Trends, there are other TikTok trends that can also be found as tokens. However, please exercise caution, as these are meme coins, especially these new meme coins.

  • With the background that ETH is currently on a 7-year support line and could bounce, and the market (excluding BTC & ETH) has just broken out (see screenshot), these could be good indicators that altcoins are getting into motion. Additionally, the rallies that typically happen just before Christmas would provide further support.

Now, let's move on to NFTs. Below, you'll see an overview of the changes compared to the previous week...

Do you notice something? That's right, even here, a meme has delivered strong performance.

  • Sproto Gremlins experience a 32% increase in floor price, while the token $bitcoin ticker triples in value. Read more. More information in “Project of the week”.

  • The Captainz did well too this week. See more in “Project Volume”.

Of course won't leave you without events and mints to kick off the new week ;) Click on the links to get more information…

What else happened in the Web3 / NFT Space…

  • Wallet 0x024e withdraws 309 ETH from an exchange, invests it in 45 Azuki NFTs. Read more. 

  • Conan becomes Director of Community at Memeland. Read more. 

  • Creator Platform Async Art announces shutdown. Read more. 

  • VeeFriends Burn Island Eruption XI now live. Read more. 

  • Mapan Sketchbook A auctions conclude at $10,777 per NFT, total $646,620 from 60 mint passes sold. Read more. 

  • Williams Racing F1 drivers showcase NFTs on their vehicle's rear wing. Read more.

  • Blockaid secures $33 million in funding, emerges from stealth. Read more. 

  • Mark Cuban predicts a comeback for NFTs. Read more. 

  • DreamOS aims to become a Web3-native operating system. Read more. 

  • NFTInspect forms a strategic partnership with Animocabrand & MocaverseNFT. Read more. 

  • FIAT partners with Prohibition Art to launch FIATpass. Read more. 

  • CALLADITA, a film fully financed through NFT sales, is premiering at the globally recognized Tallinn Black Nights Film Festival in November. Read more. 

  • Efdot and Amber Vittoria join forces to release limited-edition NFT. Read more. 

  • Zilliqa Group is partnering with Racing League to launch a revolutionary web3 fan engagement program, blending the world of horse racing with cutting-edge blockchain technology. Read more. 

  • HYTOPIA, formerly NFT Worlds, announced a significant $3 million fundraise spearheaded by Delphi Digital and Delphi Ventures. Read more. 

  • Sotheby's announces a Thank You X exhibition in LA in November. Read more. 

  • Legacy, developed by 22Cans and backed by Gala Games, debuts as a business simulation game. Read more. 

  • Neon Machine secures $20 million in funding led by Polychain Capital. Read more. 

  • Forgotten Runes Wizards teases "The Runiverse" MMORPG, approaching launch. Read more. 

  • Arcade launches ArcadeDAO and ARCD token. Read more. 

  • ApeCoin DAO rejects AIP-337 for council salary cut and AIP-334 for Maui relief fund. Read more.

PROJECT OF THE WEEK

Sproto Gremlins

  • Sproto Gremlins are once again benefiting from a small Memecoin rally and their $Bitcoin ticker token. Here, you can see the floor price steadily rising.

  • So, let's summarize:

    • Performance tightly linked to HarryPotterObamaSonic10Inu ($BITCOIN)

    • BTC ran and a small memecoin season returned now that BTC has settled a bit

    • $BITCOIN up 150% in the last two weeks → Gremlins followed

Small ALPHA: VoldemortTrumpRobotnik10Neko (Ticker: $Ethereum). The counterpart which is in rivalry and already in motion. Please be cautious, especially if there have been multiple green candles. No one can predict whether there will be further pumps or if BTC will be the showstopper.

TWEET OF THE WEEK

A man who claimed 703 CryptoPunks and still holds 143…..

PROJECT VOLUME

The Captainz

  • Reason: $MEME raised $10 million in a speedy fire sale before its Binance Launchpool listing. With 11% of $MEME's total supply sold in 42 minutes, its future looks promising, especially with Binance's additional token distribution. $MEME will anchor 9Gag's Memeland Web3 project, aiming to blend NFTs, the Metaverse, and GameFi. Captainz Floor Price increased to 5.55 ETH 🔥

Alpha: 

$MEME launch is this Friday
Pimp Capital swept Captainz for Flooring Protocol
Immediate Binance listing
Binance $MEME farming pool has over $2.5B locked

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