Good evening (because it's always evening somewhere!). You're reading "To The Moon," the only newsletter not selling NFTs to save bankruptcy. So, let's take a headcount and dive into what's happening in the NFT space this May 1st.

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• Bankrupt FTX Exchange Surrenders High-Value NFTs Worth Over $4 Million

• Yuga Labs Enlists Gaming Legend Mike Seavers as CTO!

• Half Moons 🌗 - Daily tidbits

• NFTevening's Shooting Star 🌠 - Our artist of the day

• Dark Side of The Meme 🌚 - your daily dose of NFT laughter

To The Moon Index

Bankrupt FTX Exchange Surrenders High-Value NFTs Worth Over $4 Million

FTX's blue-chip NFT collection worth over $4 million has been transferred to a multi-signature wallet, sparking rumors of a fire sale.

🎵 The hands they are’a changin 🎵

What's going on? The estate tasked with disposing of FTX's assets recently gained control of the exchange's NFT collection, which includes 32 Bored Apes, 29 Otherdeeds, 7 Azuki, and more.

Conor Grogan, director at Coinbase, confirmed the news in a tweet, suggesting that the creditors of FTX may look to sell the assets. Selling the NFTs could negatively impact the overall market, hurting the value of the collection.

However, experts predict that the estate may market the portfolio for sale at an auction, with the proceeds going towards paying back the victims of FTX's fraud.

There are no official announcements yet, but it seems likely that the NFTs will be changing hands soon.

Read the full story here

Yuga Labs Enlists Gaming Legend Mike Seavers as CTO!

Yuga Labs has appointed Mike Seavers as their new Chief Technology Officer. Seavers, an experienced gaming industry leader, replaces Yuga Labs co-founder Kerem Atalay, who will now serve as a strategic advisor.

Seavers was previously Executive Vice President of Development at Epic Games, where he worked on projects such as Fortnite and the Unreal Engine.

He was also previously CTO at Riot Games, where he supported the development of games like League of Legends and Valorant.

Yuga Labs and the Bored Ape Yacht Club are excited to have Seavers on board as they continue to develop innovative NFT projects. The announcement has caused excitement among the BAYC and Yugaverse communities on Twitter.

Find out how the apes reacted to this info with an awesome copy pasta!

Read the full story here

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What are you waiting for? Head to Sorare today and start playing! of popular collections. Only time will tell if this feature will become the new norm in the NFT world.

Half Moons 🌓

• So Long Scammers! Mastercard's Web3 Solution Puts Fraudsters on Notice [NFTEvening]

• Doodles Unleashes 'Pharrell Pack' Airdrop with Limited Edition Fashion Goodies [NFTEvening]

• Prada Celebrates One-Year Anniversary of Timecapsule NFT with Exclusive Invitation to Prada Mode Tokyo! [NFTEvening]

• Non Fungible Conference, the leading experimental web3 event is back with the most radical lineup, June 7-9 2023, Lisbon [NFTEvening]

Shooting Star 🌠

Chilingo

Chillingo is a self-taught artist and photographer with a background in Finance and Computer Science. At heart, they are a street photographer chasing human interaction.
Chilingo attempts to capture moments that are destined to be lost; beautiful moments that would otherwise go unnoticed.

Follow Chilingo on Twitter @_chilingo to learn more.

Featured Art:
Henna #18

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Dark Side of the Meme 🌚

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