y00ts fumble the bag & ENS domains save ETH volume

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.

If you were expecting more from y00ts this week so were we. With the non-stop hype and marketing train running through the NFT space the last few weeks, the y00ts drop and post mint demand was pretty lackluster. You can sum up the entire mint with people having a hard time minting their t00bs, the website crashing or not working and the price action was not impressive. DeGods went down in price as well, but that was to be expected. I'm sure the dudes over in the Solana DeGods world will cook something up to boost the floor soon enough.

Episode 7 is live and on the books. In this episode of the Exit Liquidity show we obviously talk about the y00ts drop, but we also go in on ENS domains and how they have been single handedly carrying the ETH volume. With the triple digit ENS domains floor currently sitting at 35ETH and multiple 30+ ETH sales of triple digits in the last 24 hours, it's easy to think ENS domains are the future. 5-digit ENS domains are still under 0.08 ETH, maybe time to sit on a few? NFA, but we look at ENS investment strategies in this episode. We also talk about the potential partnership with Lebron James and RTFKT. More importantly, we talk about how the rumor mill didn't do much for the floor of the Nike owned company. Take a listen and enjoy this week's episode!

Watch Episode 7 Now!

Crypto

• Coinbase is funding a lawsuit brought by six individuals challenging the Treasury's sanction of the Tornado Cash smart contracts

• 21.co, parent company of Crypto investment firm 21Shares, raises $25 million making it "Switzerland’s largest Crypto unicorn"

• The latest news in Celsius investigations is that Celsius may have been insolvent since 2019

• GameStop (GME) partners with FTX

• A thread of studying cognitive biases to become a better Crypto trader

• Man steals $100M in Crypto ponzi scheme and pleads guilty

NFTs

• While y00t t00bs mint out, parent company Dust Labs raises $7M in funding to build out $DUST ecosystem

• RTFKT & Lebron James collab coming?

• In one of the most random and out of the blue partnerships, Dead Fellaz partners with Wrangler Jeans. Yeehaw?

• Is gen art back? The latest Art Blocks drop, Raster, sells out without hitting final dutch auction price

• Pixel Vault is the latest project to open their own ecosystem marketplace

• Magic Eden now allows projects to setup their whitelist directly on their platform

• CyberKongz announces that Ether Orc dungeon crawls are live for all VX Kongz

• Details on the OpenSea Minter token have dropped. Read the full thread here, but the TLDR is that now you can prove to people you did mint that Bored Ape even though you paper handed it

Web3

• ENS dominating volume and a thread on why ENS domains have been doing well by @DR3A.eth

• Web3 investor Animoca Brands raises another $110M for Open Metaverse

• In one of the most tone deaf articles I have read in awhile, an NFT game consultant says poor people can play NPCs in games

• Zeneca thread on people saying NFTs, Web3 and blockchain technology is all a scam, ponzi scheme or pyramid scheme

• Coopahtroopa, NFT music bull, starts a $10M start up fund called 'Coop Records'

• Looking for work in Web3? Well LooksRare is hiring

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.

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

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