great use of NFTs by Lufthansa

they’ve integrated NFTs into their loyalty program

this is the way to bring in mass adoption

https://x.com/waleswoosh/status/1693945674780299469?s=46&t=_O9qbAWKyJ8lm5JbaB6wgQ

Given that CBDC will be a hard and dirty slog, and not an immaculate ascendance, central banks need to think deeply about whether they truly want to undergo the pain of issuing a CBDC, which means being sure that society really needs one. Otherwise, they shouldn't get into the game.

http://jpkoning.blogspot.com/2023/08/central-bank-digital-currencies-and.html?m=1

will mint my eigenlayer nft once the gas settles down

no idea what its for but why not

6 days to mint so take your time friends

https://mint.eigenlayer.xyz/

kompete started moving slightly on the news of the game rolling out^

moved back into range discount after sitting at extreme discount (purple box) for awhile

this is the general pattern of alts that i like to buy (range bound + discount accum signs)

i actually really like how the team has been engaging and delivering thus far

still a v lowkey project that hasn't been talked about by any ct influencer + team hasn't started marketing efforts at all

i might increase my bags cause my conviction kinda increased here

best part is that price action is more or less disconnected from the overall market so idt price will tank that much even if btc drops to 20k

wrote about kompete here in jul:
https://medium.com/@dpycm/kompete-86a291edbd7d

nfa dyor as with everything on this channel

10 thoughts on the current market by crypt0_andrew:

1. DeFi and CEX trading are both dead

2. Gamblefi is still relatively strong as well as some new bots with new features

3. SocialFi narrative is just a bunch of tokens like/around friendtech, all others are still dead (and I doubt that they will ever come back as no one uses them)

4. Shitcoins and low cap lifespan is getting shorter and shorter, many struggle to get to 1M even with super thin liquidity. Many new tokens live 2-3 days

5. Only projects with some unique offering and really good shilling run, usually the idea is very obscure/absurd (especially if you are a mid-curver) so that it can be easily speculated on

6. Ppl are super afraid and jeeters are everywhere booking 15-20% profit on 400k MC token with catalysts, any FUD - sell immediately

7. Revenue share is still a buzz-word but its power has significantly diminished

8. Tokens that had crazy runs (10x+) in a short span of time don't come back after the huge correction

9. Ideal chart - slowly grinding up with healthy pullbacks like $LINQ $SPX $PEAR and other similar stuff

10. Only Mainnet atm, other chains are dead (and maybe few tokens on Arbitrum like $HMX $WINR $gBOT)

https://twitter.com/crypt0_andrew/status/1693973604575084889?s=21&t=Fn80NcvTERgG0s_Snea-Jw

https://twitter.com/friendlendtech/status/1694462703174037790?

The reverse veblen effect in NFTs occurs when users that previously tied their identity to a JPEG begin disassociating due to its inability to signal wealth or status.

BitMEX founder Arthur Hayes wrote: While some think we are going to break back below $20,000 on Bitcoin, I tend to think we spend the beginning of Q3 chopping around $25,000. The market doesn’t realise yet that the faster the Fed loses control of the US Treasury market, the faster there is a resumption of rate cuts and QE. Read more — link

GTM Cheatsheet

#resource

a quick catch up on Solana eco

https://twitter.com/KEMOS4BE/status/1694466000375468472?=s

rule of thumb in crypto is to NEVER ever click on any crypto ads on whatever platforms (Google, Twitter, Dexscreener)

and always check your links + go through official sources

https://twitter.com/0xngmi/status/1694360865154167289?s=20