For the Love of the Game (Market Commentary) |
Liberation Day arrives tomorrow, and with it a fresh new round of tariffs and uncertainty. But what
exactly the US population will be liberated from is the big question on traders’ minds. This week, the entire world is wondering if we’ll be liberated from profits in crypto. It’s one of the most important moments on our road to mass adoption.
For now, before potential chaos, we’re going to focus on what we do know - that big things continue to happen across AI, NFTs, and crypto.
Let’s dive into the
biggest stories of the past week. The Doodles had a shocking announcement this week that lays out the direction of the major Web3 native IP. It’s not what the community was expecting, but their $DOOD token is dropping in just a few weeks, and AI will be its
utility. - The Doodles announced a sprawling ecosystem for collaborative world creation and storytelling called DreamNet.
- $DOOD will be the top-level token of DreamNet, but characters and worlds created in DreamNet will be AI Agents and will have their own unique tokens.
- Legendary collector Pranksy voiced his dislike for both the AI agent and the speculative nature of the announcement. He has listed all of his rare Doodles.
- Former Doodles CEO Julian Holguin has listed his Doodle NFT for 6 ETH.
- Doodles co-founders (no longer part of the Doodles team) announced a 2nd (unrelated) project called
Project 02. The community can send ETH or SOL to a wallet to partake in a still unknown project called Degen Fusion.
Taproot Wizards Weak Spell? The Taproot Wizards completed their mint last week, and after raising $25M in the sellout, have faced unrelenting FUD. - The public sale ended in a Dutch auction, with 80 NFTs selling for .31 BTC. Over half of the bids were made in SOL.
- 60% of the collection was minted via a discounted WL at .1 BTC, while 30% was minted at .2 BTC.
- In total, the sale brought in roughly $25M for the Taproot Wizards team, making it the biggest NFT sale on Bitcoin to date and one of the top ten most expensive NFT mints of all time.
- The collection has traded for over $9.5M on secondary, but has seen its floor price fall to just .15 BTC.
- The highest Taproot Wizard sale is Wizard #1910, which sold for .87 BTC
($70K).
AI Copyright or Copy Wrong? ChatGPT-4o got a major upgrade last week when its image generation received a significant buff. Users took to X to share their AI creations, which kickstarted a trend of Studio Ghibli-inspired art. A debate now rages on about copyright, IP, and how to solve this growing challenge. (Spoiler - NFTs and blockchain solve
this) - Across X, users created images and videos using GPT-4o to generate Ghibli-style content.
- A debate rages on, calling out stolen content and copyright infringement running rampant. Most agree
that copyright law is outdated.
- NFTs, along with platforms/protocols like StoryProtocol, are examples of solutions that can prove provenance while allowing on-chain and automated licensing.
- Crypto AI saw its market cap fall by 3.53% in the past 7d to $5.8B.
- ElizaOS v2 and autodotfun (ai16z’s agent launchpad) will be launching over the next 2-4
weeks.
- Virtuals Protocol has updated its fee structure for AI Agent tokens. 70% of fees will go directly
to agent creator wallets, while 30% will go to the Agent Commerce Protocol.
- KindredAI has partnered with China’s top 4 IP, B. Duck, and also opened up NFT staking for their
upcoming $KIN token.
- Major AI updates from the week include xAI buying X, Runway showing off their Gen-4 image-to-video model, and Anthropic releasing their latest research report
- AIxVC kicked off a Zealy quest leading up to their TGE and participation in the Virtuals
ACP.
- KaitoAI will be giving out $5K in weekly rewards for the top YAPS earners on their
platform.
- Courtyard sales are down -10.02% to $14.33M, with buyers up 7.07% to
7,906.
- DMarket sales fell -8.32% to $8.50M, while buyers declined -7.96% to 20,208.
- CryptoPunks sales came in at $2.78M, down -56.03% from last week. Buyers are down -51.72% to 14.
- Defi Dungeons sales came in at $2.16M in just 24 hours, already putting it in the weekly top ten.
- Panini America sales are up +11.99% to $1.77M, with buyers up 0.68% to 890.
- Ethereum sales are up +0.91% on the week to $28.16 M. The top sale on ETH was CryptoPunk #6935, which sold for 135 ETH ($271K).
- Polygon sales fell -9.42% to $16.51M. The top sale was GenoKishiOnline v,2, which sold for 9,100 USDT ($9.1K).
- Solana sales climbed +14.88% to $10.09M. The top sale was a Paradise NFT, which sold for 308 SOL ($42.8K).
- NFT sales fell for the 6th consecutive week, while hitting a 2025 low at $84.24M.
- Wash sales also fell to a 2025 low of $4.41M as incentives and profits disappear.
- Weekly unique sellers fell to a 208-week low, coming in at just 110,566.
The CryptoSlam 500 NFT Index is down -6.65% this week, hitting a new all-time low at 790.95. The value of the market continues to fall, with floor prices of top NFTs on the decline, combined with crypto prices that can’t find
stability.
ETH NFT Composite - 566.79 (-3.22%)
SOL NFT Composite - 509.25 (-1.04%)
POL NFT Composite - 4.27 (-5.11%)
CAR NFT Composite - 516.59 (-2.79%) Top Gainers 7d CRO - $0.0988 (+18.3%)
TON - $4.07 (+10.8%)
EOS - $0.6177 (+8.2%)
TRX - $0.2399 (+4.9%)
XAUT - $3,167.06 (+4.7%) Top Losers 7d
JUP - $0.4296 (-24.6%)
IP -
$4.90 (-23.5%)
HYPE - $13.05 (-22.5%)
BONK - $0.00001128 (-19.8%)
PI - $0.7514 (-19.6%)
Be smart and keep your finger on the pulse of this market, by keeping your eyes on CryptoSlam and the indexes. You can stay plugged in by fixing your vision on our new daily Web3 live show called Chain Reactor.
Have a MEGA GM!
— Yehudah Petscher |
Prompt Engineering is the art and science of crafting inputs to get desired outputs from AI models. It’s becoming a vital skill in the age of large language models (LLMs), where the way you ask determines what you get. In Web3, prompt
engineering plays a key role in generating content, coding smart contracts, and even training AI-native NFTs that respond uniquely to users. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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