GM Seedphrasers 👋 the shark of crypto newsletters, when we swim through for stories we only catch the juicy stuff.

📓 Today’s Agenda:

• 🔥 Hot Headlines

• 🕹 NFT Overview

• 📲 Blur Goes Mobile

• 💨 Flowing through chains

📉 Crypto & The Markets:

• Binance Pauses UK Deposits and Withdrawals after Paysafe cuts off support - Read more

• Fidelity Crypto goes live to millions of retail customers - Check it out!

• Cathie Woods raising money for a $16.3M crypto fund - Read more

🖼️ NFTs:

• Yuga Labs announces the next part of their journey, The Summoning! Check it out!

• Sewer Pass #31 sells for 32.5 ETH! - Take a look

• PROOFs “Archive of Feelings” goes live - Check it out!

• Formfunction, a Solana NFT marketplace, shuts down - Read more

• Doodles enter the…sock business? - Check it out!

• Jack Butcher is throwing a party in LA! Are you invited? - Check it out!

• Sherwin Williams NFT Collection Coming Soon? - Find out!

• Australian Open expands its NFT collection - Check it out!

🪙 NFT OVERVIEW

Much of our attention has been focused on the impact the recent bank failures have had on crypto (and rightly so) but let’s not forget about our internet jpegs!

What’s going on? The NFT market is taking a beating, volume continues to trend lower over the past week, hovering around the $50M daily volume range. This weekend saw some new lows:

March 11: 19k NFT traders. The lowest in the past 3 months…I wonder what people were up to that day

March 12: $30M in NFT volume. The lowest since February 14th…NFTers must have been distracted that day

NFT marketplace volume continues to be dominated by BLUR with a 75% market share. Opensea continues chugging along as well with 20%.

Takeaway: The NFT market has been a bit dull lately (if you consider trading monkey jpegs on the internet for millions of dollars dull). But, it’s normally the calmest before the storm.

👉🏻 PULSE CHECK 👈🏻

🤝 TOGETHER WITH COW PROTOCOL

 Better than the best prices, Moooo 🐮

CoW Swap is a Meta DEX aggregator that allows you to buy and sell tokens using gasless orders that are settled peer-to-peer among its users, or into any on-chain liquidity source while providing MEV protection.

Trades can be settled via underlying on-chain AMMs directly or via DEX Aggregators, depending on which pool/path offers the best price. It is thus essentially acting as a DexAggregator of the DexAggregators.

In addition to that, before finding the best price for a trade from available on-chain liquidity, CoW Protocol first seeks a coincidence of wants within the existing batch to offer an even better price than any pool can.

CoW Swap finds the best prices and improves them with P2P matching and MEV protection. It’s the smartest way to trade.

📈 BLUR GOES MOBILE

On Tuesday, Blur made the announcement about their new mobile updates, browse and buy NFTs on mobile! It’s not an app like OpenSea has but it is a MUCH more user-friendly experience.

Why this matters: Mobile shopping is MASSIVE…According to SaleCycle, online shopping on mobile accounts for 75% of visits to ‘etailers’ compared to the desktop.

Right now, almost all NFTs are purchased through desktop. Imagine your out on a date and major NFT news breaks. What are you going to do? Rush home to buy an NFT on your desktop? NO. Your first inclination is to go to your phone. Now you can actually make that transaction on the go. Huge!

Why you should care: Remember when I said there were only 19k NFT traders last Saturday? To put that into perspective, that’s about the size of Badger, Alaska! That’s how small this market is right now. All of us could fit into a city none of us have heard of!

The result: Make it easier for people to buy NFTs.

🪧 FLOW(ING) THROUGH THE CHAINS

What’s going on? Flow has been grabbing headlines over the past few months:

• Doodles 2 announced they’re moving to Flow

• NBA Top Shot NFTs could be securities

• Circle dropped Dapper Labs for automated clearing house payments

Why it matters? Flow EXPLODED on to the NFT scene in early 2021 with NBA Top Shots. In fact, this was many people’s entrance into NFTs.

Flow has struggled to retain consistent volume but they still rank as the 4th highest blockchain by NFT volume with $1.2B!

Tldr: Flow isn’t looking to attract your “standard” NFT user. They’re going after a different target audience through sports partnerships.

For a full breakdown, check out this thread from NFT Shark:

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😂 Meme of the day:

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.