Web3 Weekly Review: Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms...
NFT Weekly News #56 16th July - 21th July
NFT News Weekly Update #56
(16/07/2024-21/07/2024)
GM
Welcome to NFT Weekly News by Threekeyslab🗝️🗝️🗝️. Here you can find the latest curated news📰in the NFT world. Every week, we aim to provide a selection of the most interesting news and events that are fostering the development of the NFT world.
The NFT field is constantly evolving, and this article will review last week's Top🔝NFT news. Let's take a look👀together!
(Please don't forget to subscribe below and follow Threekeyslab on Twitter for more! )
Top News 🔝
📌 Web3 | Meta reportedly cut metaverse budget by 20% as Q2 earnings call looms（20 Jul）
Meta will reportedly cut the budget of its Reality Labs, the division responsible for developing the company’s metaverse hardware and software, by about 20% between now and 2026.
📌 US Politics | Trump thinks rate cut should happen after election (18 Jul)
Trump told Bloomberg Businessweek the Fed should not cut rates before the presidential election.
However, some economists and lawmakers say cuts should happen soon.
The Fed has two interest rate decisions before November; traders expect cuts to start in September.
Market Update 📣
Last week, the primary NFT PFP projects that saw significant sales included BAYC, Azuki and Milady. These collections are famous for their charming characters and distinctive designs, which make them very popular in NFT market.
Chromie Squiggle, Winds of Yawanawa and Fidenza stood out as the main NFT Art projects sold last week. Winds of Yawanawa has experienced in the past week an increase in trading price, reclaiming public attention through its distinct aesthetic senses and creative ingenuity.
Credit to: @Deepnftvalue
Other News 👀
Meme | Memes & Blast rumoured for Binance listing(16 July)
From @Layergg, there are 8 projects with potential to list Binance in H2:
Meme - $MOG $BRETT(OKX) $POPCAT
Base - $AERO
NFT | Trump Trading Card NFTs Soar Following Assassination Attempt(15 Jul)
The Polygon-based Trump NFT collectibles rose to as much as 933 MATIC, according to data collected from multiple NFT marketplaces.
NFT｜Doodles floor rises after film trailer（18 Jul）
Doodles swept up to 1.9 ETH the 18 Jul, making one day change of 10%+
Meme|Coinbase meme MIGGLES hits $80m on Base(19 Jul)
Miggles has up another 93% on the day to $76M, which is only 3 days old.
NFT|alignDRAW see huge volume after seedphrase buys(20 Jul)
AlignDRAW is the first text-to-image artworks, and Seedphrase build his AI art collection by involving this series.
Game|NAKA games to launch on Telegram App Store(21 Jul)
Pavel Durov, founder and CEO of @telegram, has announced the launch of a new mini app store, along with an in-app browser that supports #Web3 pages, making it easier for users to access blockchain applications.
US politics| 'It's a Bitcoin Play': Mark Cuban Says Silicon Valley's Embrace of Trump Revolves Around Crypto(18 Jul)
Venture capitalists and other Silicon Valley figures have embraced Donald Trump's attempt to retake the U.S. presidency. To billionaire Mark Cuban, their rational is being driven by cryptocurrencies.
Weekly NFT Marketplace Trading Volume Across Major Blockchains 📣
Over the past week, the NFT marketplaces reduced to a total volume of $107.3 million in total. ETHEREUM surpassed Polygon again and retake its 1st rank of market share.
Credit to : @NFTpulse