Perp’s Pause? Pixels Pump 📈


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Dear country without banks

Low prices for most NFT collections have dropped significantly over the past month, but many floors have rebounded sharply in the last days. What do you give?

Others are pointing to nftperp, an NFT derivatives exchange that was launched yesterday. paused Smart contracts in the V1 system.

With the Perpetual platform achieving great volume so far, it seems to have taken a fair amount of downward pressure off the collection floor for now as all short action dried up instantly.

Will that pressure return when V2 is released? If Will V2 be released? We’ll have to wait and see. In the meantime, thanks for reading everyone and have a great weekend ✌️

-WMP


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📊 The big picture

Over the past week, the floor-based market cap of the NFT space has risen from 7.91 million ETH 7.43 million Ethereum to a 6% decrease.

🔝 7D Top Collection (By Volume)


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🎆 Mint Spotlight: mint.fun! team

mint fan Introduced !teams, a group mint contest. Minter is randomly assigned to a team (Got team purple 💜), each member’s points contribute to the team’s total score. The competition offers a chance to win an ever-growing ETH prize pool, mint.fun bonus !fun rewards, and other prizes. For more information, please visit: !Teams FAQ. Please note that 1 mint is 0.0025 ETH and the contest ends on July 28th.


🙇 New insightful reading to level up your Web3 knowledge!

1. vertex about their updates On-chain game report 🎮

2. Hoover upon Why vAMM is Doomed to Fail 💀

3. Jalil Es and The Design Decisions Behind Openen Set 009 🔥


✨ My NFT Tools of the Week: optimism for the gallery

galleryWe just added support for NFTs minted with Optimism, the Web3 curation platform. This means you can now organize and share your Optimism NFTs any way you like. For example, the publishing platform Mirror mints NFTs with optimism, so if you’ve collected Mirror’s posts before, you can start organizing them as you wish in the gallery 🖼


😜 Sorry Zack, I’m more of a furcaster or lens person myself…


weekly action steps


Unbanked citizens ⚑ went from $264 to $6,077 last year. In a bear market he has a 22x ROI 🚀!

Level up


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It is not financial or tax advice.This newsletter is for educational purposes only and is not intended as investment advice or a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Please consult your accountant. Find out for yourself.


disclosure.From time to time I add links to products I use in this newsletter. We may receive a commission when you purchase through one of these links. Additionally, bankless writers hold crypto assets.see ourClick here for investment disclosure information.



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Conor the Tech Veteran
He previously spent 6 years publishing research on tech stocks, and believes in using a combination of fundamental, technical, and quantitative analysis. Prior to a career in tech stocks journalism he was a technology and semiconductor analyst with a research team.

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