NFTs, Macro & Gitcoin presents what?

March 9th, 2023, the hosts discussed updates on NFTs and macro trends. They mentioned that jobless claims data caused some sell-off, but the Payrolls number coming up on Friday could have a larger impact. OSF predicted a shift as there was a large short base going into Friday. They also discussed how crypto is creeping lower, with most alts down from their recent highs.

The hosts talked about how airdrops and coins have been driving most of the NFT volume recently. Blur farming and Ape staking have been a major factor, but the price of coins dropping off has caused volumes to follow suit. They noted that the initial pumps are diminishing, painting a rough picture ahead.

The podcast hosts discussed the 'Gitcoin presents' Mint, which happened yesterday and took degens by storm under the title of a "Vitalik NFT." This caused massive speculation and a strong pump once it caught wind. The floor price is at 0.43, and there is a lot of talk continuing about it. They also mentioned it's the cover of a book co-authored by Vitalik Buterin himself.

The hosts discussed Silvergate making headlines again, announcing liquidation. It is unclear how or if they can repay back deposits, and there is no data revealed on the assets they actually possess. Their stock dropped 40%, but it was expected given the situation.

Blur degen activity has gone even crazier, with things like 15k available bids on 10k collections, all above the floor. Inverted markets across collections are a bad sign. The farming continues, but it is shrinking, so listeners were cautioned if they are trying to play this game.

OSF Rekt Cities 2 is dropping, and a snapshot was taken for full set holders who will be able to receive a free piece. If the price of ETH changes more than 5% up or down, the metadata changes to different themes accordingly. The hosts provided all the details, which can be found on Twitter.

Finally, the podcast hosts announced that OthersideMeta's second trip is announced to be on March 25th, which is the first involvement of "team captains." Users will be able to invite guests, and Otherdeeds is nearly a 2 ETH floor.

GM

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