Non-Fungible Weekly #19

Take a second as we discuss updates with Bridgesplit, dive into $DUST, and see what projects are hot on Solana.

Bridgesplit Updates

🔮 We've begun the initial rollout phase and are welcoming trusted users onto the app.

🏦 We finished the first trial for our capital markets product!🎤 Several events are set up for us to speak at in the fall - More info on this shortly.

🖌 We've been working with some amazing artists/graphic designers and are continuing to build out the Bridgesplit team 👀

SOL Market Update

This week in crypto saw a sharp decline in price action across all markets. SOL is currently hovering above a demand zone of $30-$32. If bulls can continue to hold the line here, then we could see price action start to work its way back up. A breakthrough in this zone could see prices drop to $26, where the next demand zone lies in wait. That area was last touched in mid-July.

NFT Market Updates

• According to Hello Moon, we continue to see familiar and tested projects acquired by 'Smart Money' investors. Wary investors are playing it safe in a down market and continuing to invest in known builders. Top movers for the week include Infected Mob featuring their upcoming art collab with DeGods, and established casino project Degen Fat Cats.

$DUST

As the upcoming mint for y00ts approaches, we are seeing investors speculate on the DeGod's token, DUST. The token's price has risen roughly 20% in the last two days. DeGods founder Frank has managed to turn DUST into arguably the most sought-after token on the Solana blockchain after SOL itself. This is evident in the countless gambling projects and other teams that have scrambled to incorporate DUST into their ecosystems.

The rise in current investor interest in the token appears to stem from the cost to mint y00ts, 375 DUST. Blockchain analysis site Analysoor is predicting over 1.3 million DUST is unaccounted for in wallets containing DeadGods. This number does not take into account holders who store DUST in a separate wallet and those who have not claimed DUST from staking.

With DeGods at the top of the Solana food chain and Frank a self-proclaimed social experimenter, we will surely see continued use cases for DUST.

It's all about perspective!

Word of the Week

Web3

Web3 or Web3.0 is commonly referred to as the next iteration of the World Wide Web. Web2.0 is the current state of the web and is what most of us know as the internet. With concerns arising in Web2.0 of Big Tech companies controlling content and data, a new idea of how we interact with each other and with businesses has taken root. Mechanics involving decentralization and blockchain technologies are the backbone of Web3 design. Decentralization of apps will look to shed the choke point of centralized authority with control over data, app stability, and user interaction. At the same time, blockchain technology will allow interaction with apps and peers through the immutable ledger and cryptocurrency. Web3 is still developing, and it is an exciting time to be a part of this transitioning technology.

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