BRIEF NEWS UPDATE

• Macro: It was, as always, a mixed week in the Macro Market.
  Microsoft's stock hits an all-time high, fueled by OpenAI optimism, while U.S. bank stocks tumble to an all-time low relative to the S&P 500 amid a bond crash.  The oil market is set for its third consecutive weekly drop as tensions in the Middle East diminish. And finally, Apple delves into generative AI and ChatGPT is influencing Google’s dominance in search. AI infrastructure startup Ritual secures $25 million to fill gaps in the crypto market, despite U.S. export restrictions, as the Chinese AI chip market continues to grow.

• AI will undoubtedly be a topic for the crypto bull market…

• Crypto: Bullish signals persist in the crypto market. BlackRock's plans for a spot ETH ETF have provided a boost to Ethereum. However, Solana outperforms Ethereum in daily active addresses and sees a 20% surge in SOL, offsetting 18 months of decline.

• Memecoins are also continuing to perform well, with $Grok hitting a $160 million market cap until a tweet exposes the project's fraudulent origins, triggering a discussion and an unexpected increase in the value of $Andy. Nevertheless, the community remains eager for market opportunities.

Let's now turn to NFTs, and as always, there's a lot to explore….

NFTs:

Partnerships:

• Pixelmon partners with Horizen Labs Ventures to expand and enhance the ecosystem.

• Cool Cats partners with Animocabrandskk & San_FranTokyo to bring Cool Cats to Japan.

• Immutable x Ubisoft for web3 gaming.

• Futureverse & NVIDIApartner to propel creator economy with AI.

• Nifty Island announces a new collaboration with Kanpai Pandas.

Sales / Bids:

• CryptoPunk #5905 received a new bid of 1,500 ETH.

• Bitcoin Rock sold for $111,000; OG EtherRock for $209,000.

• CryptoPunk #7144 sold for 207.69 ETH.

Market Trends:

• NFT market cap climbs by $3.25 billion over the past month.

• NFT floor prices rise due to favorable conditions in the crypto market & a surge in CryptoPunks demand.

• Top 10 NFT projects' floor-based valuation is now $3bn, up 71% from a month ago.

• Roblox CEO 'dreams' of in-game cross-platform NFTs and digital objects.

• Kaiju Kingz releases minting details for the upcoming Season 4 Kaiju Augments, scheduled for November 14.

• GAMEE announces Arc8 GameFest, a web3 mobile game tournament with $120,000 in prizes.

• Blur's token value increases further after OpenSea cuts 50% of its staff.

• Mad Lads hits ATH.

• Bitcoin fees surged nearly 1,000% since August, with ordinals back in vogue.

PROJECT OF THE WEEK

New Bitcoin City

• Certainly, FriendTech remains the frontrunner regarding SocialFi, and often, the imitations don't survive in the end. However, it's worth mentioning New Bitcoin City, which is renaming itself to Alpha, for three reasons:

TWEET OF THE WEEK

Flooring Labs with an amazing performance

Flooring Labs is making ATHs in terms of Volume.

PROJECT VOLUME

Neo Tokyo Outer Citizens

• A project that hardly anyone is talking about, but has a large network and an impressive floor of over 9 ETH. This week, it has seen a volume increase of over 1,000%.

• There have been several announcements in the past few weeks, with the latest being this one.

EVENTS BY ARTS DAO

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