For the Love of the Game (Market Commentary) |
Well, you can’t ever say it’s boring in crypto.
The
entirety of Web3 was holding its breath yesterday after news broke about a massive supply chain attack that had the potential to do billions of dollars in damage to crypto.
A reputable NPM account (the world’s largest software registry for JavaScript and Node.js packages) was compromised and delivered malicious code to common packages that are downloaded over 1 billion times per week. The entire JavaScript ecosystem was put at risk.
Crypto traders were told to put their trading on pause as developers worked to assess and mitigate the risk. In the end, under $500 was stolen before the compromise was
declared cleared. It’s either a testament to good security practices being followed by our favorite Web3 platforms or a comment about how broke traders are. Hopefully, we don’t find out which it was from a new hack during the peak of market mania.
While yesterday’s attack kept us on our toes, it’s news from the past week that has our full attention. Let’s get into the biggest stories of the past week. MocaDrop Becomes MocaPortfolio Animoca Brands continues to lead Web3 through its evolving platforms and heavy focus on token rewards. This week, they announced a new way to share their ecosystem’s tokens with their community. - On Sept 3, Animoca announced that MocaDrop, Mocaverse’s token airdrop platform, has now become
MocaPortfolio.
- MocaPortfolio allows stakers to share in the growth of a larger portfolio of tokens that are vested over time. Instead of airdrop events in MocaDrop, stakers are now incentivized to hold tokens over a longer period.
- $20M worth of tokens from Animoca Brands’ investments will go to MOCA token stakers with staked NFTs acting as a boost.
- Starting in Q4, MOCA stakers can register for a ME token allocation that will vest over time, followed by more unannounced tokens.
OpenSea Ready to Sail Again OpenSea dropped some major updates as traders await OpenSea’s years-in-the-making SEA token. - OpenSea announced its first-ever mobile app called OpenSea Mobile that will be powered by AI
(OpenSea Intelligence) to help simplify multi-chain trading.
- They also announced their Flagship Collection, a $1M investment into historic and emerging NFTs. The collection will include CryptoPunk #5273, and more acquisitions will be announced soon.
- SEA token TGE details will be revealed in early October, and leading up to the big event, OpenSea will be putting 50% of platform fees towards millions in user rewards.
- Pudgy Penguins have announced that OpenSea is the official marketplace for Pudgy Penguin NFTs and
PENGU.
Many have predicted that RWAs would become a pillar of crypto. Over the past month, tokenized TCG platforms like Collector Crypto, Courtyard, Phygitals, and TGE Emporium combined for $125M in volume. - Collector Crypt, an RWA platform on Solana that sells packs of cards in a gacha machine, is seeing over
$44M in monthly volume, and 124% MoM growth.
- The CARDS token hit a $122M market cap last week and currently sits at $104M
($513M FDV).
- Toum Holmberg, CEO of Collector Crypto, revealed that the project has made $7M - $10M in profits
so far this year.
- Bitwise says that Pokémon cards and other TCGs are an emerging RWA play that is nearing its
Polymarket moment.
The AI market climbed +5.7% in the past 7 days to a 13.38B market cap. Top token movers include AIOT (+258.4%), VIRTUAL (+19.66%), TIBBIR (+23.66%), FARTCOIN (+12.41%), and IRC (-25.98%). - Vader AI returned to X, not as Vader AI but now just “Vader”. They’re also pivoting away from being a
Virtuals Genesis and ACP-focused product, and now are going to power robotics through their new data initiative.
- Virtuals’ Ethereum AI hackathon is now open for submissions and is giving $100K in prizes for the
best agents.
- Ringfence revealed multiple project updates, including a new product called Passbook that will be
the unified user layer for personal data. They also revealed details about their Based Agent Grant program along with their acting board members.
- Virtuals announced a new Agent Liquidity Engine dashboard on their site that highlights projects’
revenue and buybacks.
- ACP will now let you transfer USDC and swap tokens directly through the Butler
agent.
- The Gloria AI team released their new AI news terminal for Bloomberg-style crypto and AI
intelligence.
- Billy Bets raised another $1M from Coinbase Ventures and Virtuals Ventures to fund their AI sports
betting platform.
- Kosher Capital is launching Instant Agents, lite versions of their trading agents that can be
created for just $50 USDC.
- Big NFT sales ripped through the market this week including CryptoPunk #5898 which sold for 100 ETH ($445K), CryptoPunk #843 for 90.1 ETH ($403K), CryptoPunk #490 for 80 ($345K), a Caitlin Clark Legendary 1/1 on Panini for $175K), and XCOPY The Doomed for 38.5 ETH ($172K).
- Christie’s announced the end of their digital art department after 5 years of supporting NFTs,
including facilitating the $69M sale of Beeple’s Everydays: The First 5,000 Days.
- Pudgy Penguins’ Pudgy Party game is seeing wild sales of its NFT assets, including a free skin called Power Pudgy that is selling for over $4K.
- Good Vibes Club is dropping a Telegram sticker collection through Fuse.
- Pixel Vault has officially reached a deal with Punks Comic artist Chris Wahl for him to acquire
Punks Comic and Metahero Universe.
- NFL All Day is revamping its collector experience, adding
autographed NFT moments, and in-person activations.
- The CyberKongz will have their KONG TGE on Sept 10, and announced KuCoin as their partner for an airdrop campaign.
- Doodles teased an upcoming collaboration with Froot Loops cereal.
- Memeland’s Stakeland is back in action with 20M BOOST tokens up for grabs for their Stakeland
participants.
- NFT sales declined for the 4th consecutive week, and hit an 11-week low of $91.8M.
- Both sellers and buyers are up over the past 7d, but their average sale price has fallen to $72.14, a 5-week low.
- Trade profits are now seeing consecutive weeks in the negative for the first time since the beginning of July, this week coming in at -$4.04M.
ETH NFT Composite - 646.22 (-6.00%)
SOL NFT Composite - 517.19 (-0.48%)
POL NFT Composite - 3.40 (-1.45%)
CAR NFT Composite -
247.62 (-3.37%) Top Gainers 7d MYX - $13.18 (+1,162.9%)
M - $1.91 (+126.4%)
WLD - $1.51 (+73.6%)
PUMP - $0.0047 (+40.8%)
ENA - $0.7694 (+22.2%)
Top Losers 7d
CRO - $0.2511 (-6.4%)
KCS - $14.34 (-2.8%)
TRX - $0.3309
(-2.0%)
AAVE - $301.18 (-2.0%)
WETH - $4,291.51 (-1.8%) Virtuals Agents
Faibles
Date - Sept 10
Blockchain - Base
Token - FAIBL
Spira
Date - Sept 10
Blockchain - Base
Token - SPIRA SUNNY
Date - Sept 15
Blockchain - Base
Token - SUNNY NFTs BADDIE DOLLS
Date - Sept
11
Blockchain - HyperEVM
Price - 0.25 HYPE |
Multimodal AI refers to artificial intelligence systems that can process and integrate multiple types of data—such as text, images, audio, and video—at the same time. Unlike traditional models that specialize in just one input (like text-only
chatbots or image-only classifiers), multimodal AI combines different modalities to better understand context and generate richer, more accurate outputs. This makes it possible to, for example, analyze a chart and a paragraph together, generate images from text prompts, or even interpret voice, visuals, and language simultaneously, opening the door to more natural and powerful human–AI interaction. Received this from a friend? Sign up for this CryptoSlam VIP newsletter. |
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