Solana's Milestone, NFT Market Shakeup, and Bitcoin's Halving Horizon📈💸
Exploring Solana's Record Growth, the Rise of Bitcoin NFTs, and the Anticipated Impact of Bitcoin's Next Halving on Crypto and DeFi Ecosystems.
Wassup OGs! 🙋🏻♂️
How’s it going?🤑
It’s the 40th edition of our Newsletter.🥳
So, let's jump right in. 🗞️
Solana Hits New Market Cap High📈💰
Solana's market capitalization soared to $81.1 billion, eclipsing its previous peak as meme coin activities propel its growth. Despite a 10% price increase in the last 24 hours, Solana's all-time high remains in the distance. 😳
The surge is attributed to the popularity of Solana-based meme coins, with notable gains in Dogwifhat, Popcat, and Bonk. This marks a significant milestone for non-Ethereum tokens, underscoring Solana's utility and ending debates on the relevance of non-EVM chains. 🤑
The network also set a new daily record for new addresses, highlighting its expanding user base and meme coins' engaging appeal within the Solana ecosystem.📈
Funding Frenzy💰
Range: A security and risk platform for blockchains and rollups, Range has raised $2.7M in a round led by Galileo. Robot Ventures, Fenbushi Capital, Bitscale, Informal Systems, Volt Capital, and Chorus One also participated.
D2X: The Netherlands-based crypto derivatives exchange D2X has secured $10 million in a funding round led by Point72 Ventures to expand its presence in Europe.
Madworld: NFT gaming studio Carbonated Inc. has closed a $13 million Series A round led by South Korean mobile game publisher Com2uS for their game Madworld. The fundraising also attracted participation from Andreessen Horowitz (A16z), Bitkraft Ventures, Cypher Capital, Blocore, Goal Ventures, and WAGMI Ventures.
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NodeMonkes Surpasses Bored Ape Yacht Club in Market Cap🟠🎆
NodeMonkes, a leading Bitcoin NFT collection, has overtaken Bored Ape Yacht Club, reaching a market cap of $558.9 million. Its floor price surged 53.3% to 0.83 BTC ($55,890) in just 24 hours. 🤯
Now the second-largest NFT collection, NodeMonkes trails only behind CryptoPunks. Meanwhile, another Bitcoin NFT, Runestone, became the sixth-largest collection, with a market cap of $306.5 million. 😳
This shift indicates a growing preference for Bitcoin NFTs over Ethereum's, amid rising gas fees and a saturated Ethereum NFT market.🫡
🌎Web3 WONDERS 🤯
Startup Spotlight 🔦
Capture: Capture, powered by Numbers Protocol, is a creator-focused platform that safeguards the provenance of creative work. It offers ownership of digital media via secure authentication, blockchain-based metadata, decentralized storage, licensing, and AI mining consent.
People to know 👥
Leonidas: Leonidas is recognized for singlehandedly creating the Runestone Ordinals collection and conducting an airdrop to 112,000 active wallets during the first year of the ordinals. With an all-time value of 420 BTC, this initiative has positioned Runestone as the 6th largest NFT collection.
Tech Talk 🎙️
Ted Talk by Bettina Warburg: The blockchain is about to change everything. In this lucid explainer of the complex (and confusing) technology, Bettina Warburg describes how the blockchain will eliminate the need for centralized institutions like banks or governments to facilitate trade, evolving age-old models of commerce and finance into something far more interesting: a distributed, transparent, autonomous system for exchanging value.
Bitcoin Halving's Ripple Effect on Crypto and DeFi😥🤑
The upcoming Bitcoin halving in April 2024, reducing miner rewards to 3.125 BTC, is set to make waves across cryptocurrency and decentralized finance (DeFi). This event, which cuts mining rewards in half every four years, will boost Bitcoin's value and impact the broader crypto ecosystem.📈
Experts predict the halving will attract more investment into DeFi by increasing Bitcoin's scarcity and value. It could influence Bitcoin's availability as collateral in DeFi, affecting rates and strategies on decentralized platforms.🤑
Moreover, the halving highlights Bitcoin's decentralization, offering insights for DeFi projects on adaptability and resilience. It also draws attention from the mainstream, potentially spurring regulatory and developmental innovation.🥳
NFT Drops ☔️
Radicals: is a groundbreaking NFT project of 5140 RAD dudes that fuses art and fashion through 3D animation. We specialize in hyper-realistic digital apparel and accessories, pushing the limits of digital fashion.
X-Apes: Genesis: X-Apes, a groundbreaking NFT collection on the Solana Blockchain that merges the iconic Bored Ape Yacht Club with the legendary X-Men universe.
Swol Beach: It’s more than just an NFT brand - it’s a lifestyle! For nearly two years, they have been crafting our unique space on AVAX, and now, they are thrilled to unveil the Swol Beach collection.
Lil Degens: Prepare yourself for an adventure like no other as the Degens storm onto the scene, armed with their unique brand of cartoon chaos and an insatiable hunger for success
🎟️Events
Attend Token2049 Dubai at an extra 10% discount with the OG promo code.
🗓️: 18-19 April
Attend Blockchain Life 2024 at an extra 10% discount with the OG promo code
🗓️: 15-16 April
Attend OG Founders Mixer Dubai by your OG Club with a 100% discount😉
🗓️: 17 April
Attend Global Blockchain Show 2024 at an extra 10% discount with the OG promo code
🗓️: 16-17 April
📢 OG Shots:
Solana’s network hit with massive congestion; Will SOL retreat?
Cardano Achieves Historic Milestone With Fiat-Backed Stablecoin
El Salvador’s Bitcoin Vault Reveals Way More BTC Than We Knew
Ethereum L2s median transaction fees decline as much as 99% post-Dencun upgrade
“Web3 represents a fundamental shift in how we interact with the internet, moving from centralized gatekeepers to decentralized protocols that empower users and foster innovation on a global scale.”
- Naval Ravikant
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