For the Love of the Game (Market Commentary) |
The US government is getting hands-on with crypto, and it’s not just Donald Trump launching another
token (although he is.)
Last week, the US Commerce Department published Q2 GDP data on Bitcoin, Ethereum, Solana, TRON, Stellar, Avalanche,
Arbitrum, Polygon, and Optimism. Both PYTH and LINK saw their prices soar as their tech was used for putting this data on-chain. This is a great demonstration of blockchain’s best use cases, preserving data, transparency, and immutability. Hopefully, it’s just the first of many future official government transactions that bring a new age of transparency to the public. We had plenty of other major happenings last week, including a brand new Trump token hitting the market. Let’s get into the top stories. The Trumps’ New Token is Live The Trumps’ World Liberty Financial platform finally had its TGE and is officially entering the world of DeFi. - TWLFI, the governance token for the World Liberty Finance DeFi protocol, is trading at a $25.7B FDV after trading on premarkets around $35B.
- WLFI was initially to be non-tradable, but after a community proposal in July, WLFI can now be unlocked and traded.
- Used for activities like depositing crypto or fiat, lending and borrowing digital assets, and accessing liquidity.
- While the World Liberty Finance platform lives on Ethereum, partners like Bonk will work as a USD1 (World Liberty Finance stablecoin) launchpad on Solana.
- WLFI has been accused of being bundled ahead of launch, indicating that insiders may control a
significant percentage of the token supply.
- A new WLFI governance proposal looks to establish a buyback and burn mechanism to push the price
higher.
Pudgy Penguins Launch Pudgy Party The Pudgy Penguins officially launched their Pudgy Party
mobile game, with the goal of bringing the masses to Web3. - Pudgy Party aims to be a pillar of the Pudgy Penguins ecosystem, helping onboard Web2 to Web3.
- The game lives on Mythos Chain and will feature NFT and PENGU integrations, while abstracting away the technology.
- Pudgy Party has over 150k downloads in just 3 days and hit #1 racing game (and 7 overall in Free games) on the Apple App Store within 24 hours.
- More than $10K has been spent on in-app purchases.
The Sandbox Major Overhaul The Sandbox was once a beacon for Web3, the metavers, and NFTs. After daily active users fell to just a few hundred and the SAND token price down 95%, Sandbox is now going through a major restructuring. - News broke last week that The Sandbox metaverse game would see a 50% staff cut, 5 global offices
closed, founders Sebastien Borget and Arthur Madrid leaving the company, and the company is now launching a memecoin launchpad on Base.
- The Sandbox team clarified some inaccurate reporting on their changes, saying that Arthur Madrid
and Sebastian Borget transitioned to strategic roles and will be deeply involved in the ecosystem - Madrid as chairman of The Sandbox, and Borget as global ambassador.
- Robby Yung, CEO of Investments at Animoca Brands, is the new CEO of The Sandbox.
- AI will be leveraged throughout The Sandbox for game development and operational support.
PumpFun aims to keep its crown as the home for memecoins, but it also wants to be the home for streamers. Their announcement today of Dynamic Fees aims to keep that crown firmly planted on their head. - PumpFun introduced new Dynamic Fees V1, which brings tiered fees to their PumpSwap Dex.
- Creator Fees are now tied to a token’s market cap - the higher the market cap, the lower the fees.
- Creators with small-cap tokens can earn more in fees, which will help them build out their content.
- The new fee structure applies to new and old tokens.
The AI market climbed +6.75% in the past 7 days to a 12.66B market cap. Top token movers include USDT +103.96%, TOSHI -18.4%, FARTCOIN - 18.05%, REKT - 13.73%, and VIRTUAL -10.36%. - The Swarm Report welcomed Virtuals’ ACP Lead, Dawn, onto the show to discuss the future of on-chain
agents.
- VIRTUAL is now listed on Bitstamp by Robinhood.
- xAI is suing Xuechen Li, a former employee, for uploading Grok’s codebase to
OpenAI.
- Replicants have joined the Circle Alliance Program, becoming one of the first agents from Virtuals
to join the program.
- VVET Protocol announced new liquid staking for VIRTUAL, with VVET token
rewards.
- Solace kicked off the presale for their Solace Seed AI companion.
- Creator Bid kicked off their first TGE under their new Decaying Exit Tax system with an agent called
Hermes.
- OpenSea announced its MCP server, allowing AI agents to connect with their
ecosystem.
- Some big sales continue to impress in the NFT market. This week we saw CryptoPunk #1919 sell for 119.19 ETH ($519K), XCOPY’s hello admin dm me for 70 ETH ($307K), and ACK’s There is no piano for $165K.
- The Quirkies NFT collection has been acquired by a major NFT collector named Papii, who hopes to
push the IP to new heights like Luca Netz did with Pudgy Penguins.
- OpenSea has integrated HyperEVM NFTs for trading on its NFT marketplace.
- Mutant Apes can now run around the Otherside Metaverse using their own unique
avatars.
- Pudgy Penguins co-founder Chef reveals that Pudgy Penguins comic books are in the
works.
- CyberKongz announced that 2% of the KONG token supply will go to OpenSea traders who have spent over
$10K since 2023.
- GameSquare announced a $2M agency-of-record deal with RektBrands (RektGuy NFTs) and includes a
partnership with FaZe Esports and more.
- NFT sales have now fallen for 3 consecutive weeks to an 8-week low of $111.14M.
- Sellers are at a 3-week high of 143,316, while 156,176 unique buyers is the lowest we’ve seen since the week of October 23, 2023.
- Average sale price of $80.39 is a 9-week low
- Trade profits fell deep into the negative, reaching a 7-week low of -$3.77M.
ETH NFT Composite - 691.63 (-2.60%)
SOL NFT Composite - 521.61 (-5.96%)
POL NFT Composite - 3.45 (-1.43%)
CAR NFT Composite -
255.92 (-4.15%) Top Gainers 7d M - $0.8654 (+97.2%)
IP - $7.64 (+33.3%)
PUMP - $0.003703 (+30.4%)
CRO - $0.25918 (+23.6%)
POL - $0.2864 (+20.8%)
Top Losers 7d
HBAR - $0.2145 (-9.2%)
ALGO - $0.2313 (-8.9%)
ARB - $0.4903
(-7.4%)
XLM - $0.3624 (-6.9%)
AAVE - $311.81 (-6.5%) Virtuals Agents
Nuwa
World
Date - Sept 3
Blockchain - Base
Token - $NUWA
Fyni
AI
Date - Sept 3
Blockchain - Base
Token - $FYNI Skynet
Date - Sept 4
Blockchain - Base
Token - $SKY Taika
Date - Sept 8 Blockchain - Base
Token - $TAIKA NFTs Gigaverse Egg
Date - Sept
3
Blockchain - Abstract
Price - 0.0069 ETH |
A Generative Adversarial Network (GAN) is a machine learning framework with two neural networks trained together: a generator that creates synthetic data (e.g., images, audio, text) and a discriminator that tries to tell real data from the
generator’s fakes. Through this adversarial “game,” the generator improves until its outputs become hard to distinguish from real examples. GANs power realistic image/video synthesis, style transfer, super-resolution, data augmentation, and deepfakes, but they can be tricky to train (instability, mode collapse) and are hard to evaluate objectively. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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