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Weekly transaction volumes on Ethereum surged above the $1B mark in December, which was last seen in August. NFTs strong MoM performance in December has carried into January. OpenSea continues to hold 90%+ volume on Ethereum. The NFT activity has been supported by branding endorsements by traditional companies and interest from celebrities. The top collections continue to be ruled by CryptoPunks by Larva Labs and BAYC/MAYC from Yuga Labs.
Last item: the war of the NFT marketplaces. The airdrop of SOS from TheOpenDao which is hoping to challenge OpenSea and LOOKS airdrop from LooksRare which saw a spike in activity after launch. The platform has already exceeded $400M in sales since launch.
Investment Associate | Ember Fund
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November 21, 2022
Welcome to the October 2022 Recap Newsletter! We hope everyone is safe & sound. Despite November being one of the wilder months in a while (given all the news), last month was a strong one for crypto.
November 16, 2022
The Ember team is proud to announce the launch of our latest investing feature: Recurring Deposits
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With all the news around FTX, we felt it would be helpful to run through what non-custodial wallets are and why they’re important.