Solana + Nomad Hacks Lead To HUGE Losses

ApeCoin ($APE) coming to a store near you

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Exit Liquidity
August 05, 2022

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Welcome to the Exit Liquidity newsletter, the place to stay up to date on the ridiculous things that happen in the Crypto, NFTs & Web3. If you are looking to join the community check out the AlphaMint Discord where all the degens gather to chat in the dojo.

This week has been fully loaded with massive hacks resulting in huge losses, big brand name announcements and lots of NFT action. We cover some of it on Episode 2 of the Exit Liquidity show, but there's still a ton in this newsletter that we did not cover in the video. Do yourself a favor and catch up below. It definitely doesn't feel like a bear market with everything happening.

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Crypto

NFTs

  • NFT marketplace, Magic Eden, is expanding into ETH NFTs and will become a multi-chain platform for trading

  • OpenSea proves yet again what a terrible platform they are by introducing a new feature allowing users to buy and send NFTs to another wallet in the same transaction which triggered tracking apps to show that specific wallets (such as influencers or whales) were buying NFTs they were not

  • Nansen drops stats on NFT sales such as market participants spent 963,227 $ETH (approximately $2.7b) on minting NFTs in the first half of 2022 plus more

  • NFTs.com domain sold for $15M. Unknown buyer at the time, but it was reported that the buyer has associations with other Web3 projects

  • Tiffany's & Co NFTiff early mints are already being flipped, someone even managed to squeak out 1 ETH of profit

  • Coolman's Universe Babies claims have officially begun. Holders have until August 23rd to claim.

  • Moonbirds and Oddities moving to a CC0 public license

  • DappRadar July overview dropped and the biggest winners were P2E NFT games. Axie Infinity a big standout reaching more than $830 million in trading volume alone. They also report NFTs being more relevant than ever. Definitely a good read back by lots of numbers and charts

Web3

  • Starbucks to introduce a Web3 based rewards program next month

  • NFT project, Tenacious Tacos, by StrEATS restaurant franchise aims to bring IRL benefits to project holders such as discounts on tacos, staking and more to push the into Web3 space. Sign up for the Premint WL

  • Ex-Meta Facebook and Tinder employees start a Web3 social network called Niche. Built on the blockchain, the app will help communities setup as DAOs which will allow members to own, control, and monetize the content they create on the platform

  • Dtravel, a Web3 vacation and short-term rental platform, has completed its first successful smart-contract booking

Disclaimer: The Exit Liquidity Newsletter is meant to be an informational and entertaining way to share interesting things found in and around the Crypto, NFT and Web3 space. Nothing in this newsletter should be taken as the contributor's, Exit Liquidity's or AlphaMint's personal opinion or views. Nothing in this newsletter constitutes as professional and/or financial advice. Cryptocurrencies and crypto-related assets can be extremely risky investments, invest at your own risk. This newsletter may also contain affiliate links and links to partnered projects or websites.

Forever hodling your favorite influencer’s bag: @R2Degen @DRTYMLK @dripcult

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