Even You Can Own NFTs!

GM. Garfield taught us that nobody likes Mondays, but we’re positive you can ditch your case of the Mondays after you read today’s headlines! Let’s get started!

NFTs are selling for cheap! Gone are the days of pricing Average Joe out of the market, which platforms offering affordable NFTs and attempting to create a sustainable business model for artists.

Today's Topics:

• Cheap NFT platforms for artists

• sudoAMM goes public

• Recession is Coming!

• Quick Links

NFT Platforms Bring Affordable Art to the Masses

Remember when the market crashed? I’m referring specifically to this bear of a problem we’re dealing with right now. It caused a lot of traders to run screaming in the opposite direction, and that includes so many of the once lusted-after NFTs.

It used to be that in order to purchase a coveted PFP, you had to spend big bucks. Luckily, there’s something new coming to NFTs, making them much more accessible to everyone. Nina and Async Art, just to name a few, have developed platforms for artists to list their tracks, original art, and more.

You won’t find any utility here, but what you will find are genuine artists who simply want to keep creating. Hosts offer a place for them to do that, make a few dollars on each item, and create a sustainable business over time.

Patronization of the arts is at the very core of this idea. Liquidity is relatively nonexistent, but you can offer support for innovators and achieve the same sense of ownership that NFTs have always offered. Turn that frown upside down. You can own NFTs now, too!

Is it sustainable? Will it scale? With free projects like Goblin Town blowing up maybe starting free or cheap is the way to go.

sudoAMM is Live!

Extra! Extra! Read more NFT news! sudoAMM revolutionizes the way you think about NFT liquidity and trading. This marketplace protocol is gas-efficient, flexible, and fully on-chain. sudoAMM focuses on providing a decentralized NFT market while supporting ERC-20 and ERC-1155 token routing.

The protocol facilitates swaps for moving NFTs (ERC-721s) to tokens (ERC-20). These swaps are completed using magic and customizable bonding curves. Liquidity providers have the options to either invest in both sides to earn fees or deposit into a buy or sell side to earn liquidity.

sudoAMM aims to create a “concentrated liquidity product for the NFT space.” However, the challenge is doing so without running into the problems associated with tokenization. It’s a big reason sudoAMM touts low gas fees and flexibility.

There are a few reasons sudoAMM hasn’t gained a larger following. For starters, many traders believed it to be a phishing site. Its minimalist design makes users uneasy. Plus, it doesn’t offer an easy way to browse collections as other sites do.

Now that you know it’s legit, head on over to the site and get started!

Recession is Coming!

Much like Paul Revere, experts are riding through the night yelling about the coming recession, telling you to grab your arms and prepare yourself. We’re here to say that we just don’t think it’s going to be that bad.

Inflation and the pervasive bear market have really hit hard, haven’t they? We’re all struggling, and it might seem like there’s no hope in sight. However, this recession may actually be a good thing. We could stand to lose some of the ridiculous contributions of minor altcoins, couldn’t we?

Most of our major commodities have been dropping for the past several weeks. We’re seeing it in the decrease in gas prices across the nation, and it shows a lot of promise for contracting world markets and inflation.

This bodes well for the crypto market, too. It works like a self-corrective mechanism for recovery. Rumor has it, this coming recession won’t be particularly long or deep.

Hallelujah! Can I get an amen?

Quick Headlines

Need a laugh? - You can’t beat these hilarious (read: painful) crypto jokes, with a bit of Voyager, NFTs, Celsius, and Gary Gensler thrown in.

More priceless than gold - Bitcoin’s recent surge propels it beyond the price of gold. Is it time to break out your stores and exchange bars for BTC?

Is defi drowning? - Crypto bailouts don’t give us too much confidence in the health of the industry. Should you be worried?

Launches:

Argentina awakens - The Ripio exchange looks to launch an Ethereum sidechain, determined to grow in the midst of our crypto winter.

Learning:

Cha-ching - This tutorial for (Wrapped) Bitcoin beginners will teach you how to stake and earn rewards. It’s easy, but only you can decide if it’s for you.

Swimming in the defi pool - It’s summertime, and you know what that means! Break out your suits and sunscreen so you don’t get burned by some common protocol misunderstandings.

Hit Reply to let us know how we are doing! We would love to hear from you.

Was this email forwarded to you? Sign up here.

Disclosure: We are a newsletter for information only. We are not financial advisors nor do we claim to be. Consult your legal, investment or tax advisor. Crypto is risky. Do you own research.