Pharm Tech Titans

Daily NFT/Crypto Market Update 2/13/2023.

The NFT (http://abudabi-binary-option.forexbinaryoption.ru) market had a slower day in anticipation of big things to come tomorrow. We did see some good action with low liquidity, NFT degen plays however most people are waiting on the big $BLUR airdrop tomorrow as money may flow into NFTs after people liquidate. Crypto had a more hectic day thanks to legislation and invest in nft restrictions continuing to impose on crypto. $BTC is still below the 22k mark while $ETH is hovering right around 1.5k.

Degen/free mint of the day: MECH MINDS.

Mech Minds is a 8192 supply collection that saw great action today. Garnering over 4000 sales on secondary, this project has a current floor crypto wallet may make money of just over 0.04 ETH. Mech Minds are the Web 3 intersection of AI and interest NFT projects the blockchain. With the unique function of being able to chat with the AI, Mech Minds is something new to the space. Additionally, there is a merge mechanism to make the robot smarter, and subsequently creating a deflationary supply.

BLUR AIRDROP INCOMING.

One of the biggest and most anticipated events this year is happening tomorrow in the form of the $BLUR airdrop. Blur is a popular NFT aggregator and marketplace that jumped on the NFT scene a few months ago. Luring users in with a good UI, airdrop incentives, and no royalties, Blur has developed a loyal fanbase. This airdrop will be insane and people who farmed rewards will be very well compensated.

MAGIC EDEN STAFF CUTS.

Following many other Web 3 companies, NFT Magic Eden is just the latest to have to make staff cuts as the Solana marketplace layed off around 15% of its employees. In an effort to begin a “company-wide restructuring effort”, Magic Eden is looking to rebuild and bounce back after the unfortunate tough times Solana has seen recently. ME is a big name and brand, and I don’t doubt that they will make the right decisions to ensure the longevity of the marketplace.

BINANCE x PAXOS PARTNERSHIP TERMINATED.

The top regulated blockchain and tokenization provider Paxos has ended it relationship with Binance and its stablecoin BUSD. Making this decision in close communication with the NYDFS, BUSD will no longer be minted. BUSD will continue to be backed 1:1 with US dollar reserves, however, I would suggest transferring to a different stablecoin. Legislation continues to impose on Web 3 with this just being the latest big event.

OVERALL THOUGHTS.