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  • 🌙 🌙 SBF Going To Jail For 115 Years

🌙 🌙 SBF Going To Jail For 115 Years

Metaverse | Digital Collectibles | Digital Fashion | AI | Blockchain Gaming

Hello rocketeers!

New week fresh into the glorious bull run and it’s looking good across the board (touch wood)! SBF’s going to jail, Solana (of all coins) is massively pumping, and major market movements across the industry!

Here’s all you need to know in web3 this week to get you to the moon!

📈📉NFT Tokens Making Moves

Digital Collectibles Market Movements: 

Finally we have Moonbirds rising, did that Mark Cuban video actually help the NFT project? Also, Cryptoadz, of all projects, still remains consistently rising since the bear! Time to accumulate TOADZ!

🌚Full Moons - SBF Trial Ends, New Era Of Crypto Begins

SBF Found Guilty…Finally

FTX founder Sam Bankman-Fried has been found guilty on seven fraud and conspiracy charges, with a potential 115-year prison sentence looming. The verdict follows a year after FTX's collapse, impacting cryptocurrency prices and tarnishing the industry's reputation.

Alexa, play Jail by Kanye West

Mark Cohen, Bankman-Fried's defense attorney, expressed disappointment with the result, stating, "We respect the jury’s decision. But we are very disappointed with the result. Mr. Bankman Fried maintains his innocence and will continue to vigorously fight the charges against him."

The case, seen as a blow to the crypto industry, underscores allegations of fraud and misappropriation of funds, with prosecutors emphasizing deception and greed rather than complex cryptocurrency issues.

Solana Gunning For ATH???

In less than a month, Solana has surged over 80%, hitting ~$39.80 and sparking excitement in the Web3 community. The rally is fueled by improved crypto market sentiment, with SOL rebounding after the FTX collapse and showing a 24-hour market cap of $2,998,351,325.

  • The Breakpoint Conference in Amsterdam, organized by the Solana Foundation, adds to the buzz, highlighting the platform's expansion potential.

  • Jupiter Exchange's airdrop announcement, allocating 40% of the supply to loyal users, further fuels transactions.

Dad…did you buy any Solana??…

While Solana NFTs see a slight uptick in unique wallets on Magic Eden, specific collections like Claynosaurz and Okay Bears gain value and volume.

The recent surge hints at a potential Solana resurgence, reminiscent of its acclaimed "Solana summer" in 2021.

Immutable Launching 3 New Games On Its Own Chain!

Web3 gaming platform Immutable announces three upcoming games—GensoKishi Online, Cursed Stone, and Sailwars—will be built on Immutable zkEVM, a Zero-Knowledge proof-based scaling rollup compatible with the Ethereum Virtual Machine.

Andrew Sorokovsky, VP of Global Business Development, praises the transformative tech, offering security, network effects, lower development costs, and Ethereum interoperability for web3 games.

  • GensoKishi Online focuses on creating a decentralized economic system in its fantasy world, collaborating with SYMBIOGENESIS.

  • Cursed Stone, a 3D web3 MMORPG, introduces dynamic NFTs with player-owned assets.

  • Sailwars, inspired by naval battles, combines blockchain with innovative gameplay and has gained support from 27 top-tier partners.

Immutable zkEVM attracts commitments from various game studios.

🔭The Scope

I didn’t know we could get FOMO on Solana every single year.

Lesson learnt…

when is the bear, again? ☹️ 

🌓Half Moons

- We Are SO Back! NFTs, facing recent value declines, show a potential comeback as daily trading volume surges to 11.5 million as of last week, challenging concerns about the industry's future; OpenSea and Blur dominate with Ethereum leading in sales volume at $8.3 million, followed by Solana.

- The rise of AI journalism? Google is testing 'Genesis AI,' an artificial intelligence tool designed as a writing assistant to generate news stories, raising debates about the responsible use of AI in journalism, with concerns over potential implications for accuracy and journalistic integrity.

- Electronic music star Steve Aoki partners with move-to-earn game Stepn, launching 300 Genesis Sneaker NFTs through a raffle on the MOOAR marketplace, blending entertainment, gaming, and blockchain in a collaboration that highlights the potential of Web3 synergy.

🔭The Scope

Thanks Google, why don’t you do my taxes for me too?

Total Eclipse

Rarible’s own (X) Marketplace - RaribleX - just dropped, and it seems to bridge web2 to web3 seamlessly. The timing of this drop is crucial. In the start of the 2023-24 bull run, with NFTs booming back to action - will we see the new golden age of NFTs in 2024?? We SURE HOPE SO!

💫Shooting Star

This week’s feature is BrAInZest

Delicate as a flower yet enduring like a desert-blooming cactus, this artwork is a fusion of BrAInZest’s original watercolor painting and a Pïmini creation by Ben Kanizay.

Sixty percent of the profits from the initial sale will be contributed to #TezQuakeAid. Crafted by BrAInZest/Ambi and Ben Kanizay.

🌚 Dark Side of the Meme

Writer & Curator: Vineet

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