This Week on Unchained: OpenSea & NFT Markets, the 'Unhinged Scale' Metric, and More!
Don't miss this week's content!
Last week, OpenSea, the former frontrunner in the NFT marketplace, confirmed the layoff of half its workforce as the NFT markets seemed to bottom out.
gmoney, NFT collector and founder of 9dcc, joins Unchained to provide insight into the once-dominant NFT marketplace’s fall from grace. He talks about the competitive dynamics that challenge the platform's market share and whether a token launch could help. In addition, gmoney delves into why the NFT market has been “abysmal,” what could potentially catalyze its revival, and how he thinks creator royalties will evolve.
In this episode, Laura does a detailed unpacking of the historic Sam Bankman-Fried trial and verdict with defense lawyer Sam Enzer and former Southern District of New York prosecutor Rich Cooper. They discuss what a thorough job the government did in presenting its case, whether the government will pursue a second trial on campaign finance charges, why it takes so long for sentencing to occur, what the differences between this case and the Bernie Madoff case are, and what Bankman-Fried’s likely sentence will be.
The Chopping Block: Did Blur Cause a Decline in the NFT Market?
This week, crypto insiders Haseeb Qureshi, Tom Schmidt, Tarun Chitra, and Robert Leshner explore the enigmatic 'unhinged scale' metric, consider whether recent layoffs could have been anticipated, and examine the challenges facing the NFT market. They also provide a somewhat critical look at the events of the recent BAYC Apefest and share their takeaways on how Solana survived the Sam Bankman-Fried and FTX fiasco.
Crypto Industry Boosting Campaign Contributions to Democrats Ahead of 2024 Elections
An Unchained analysis shows that Democrats are receiving a large share of the industry’s donations.
Despite previous challenges in engaging with Democrats, the crypto sector is channeling significant donations to party members.
Congressman Ritchie Torres leads with $258,400 in donations, reflecting the industry's support for advocates within the party.
Senators Kirsten Gillibrand, Sherrod Brown, Cory Booker, and Rep. Ro Khanna also emerge as top recipients, with Gillibrand co-sponsoring key crypto legislation.
Interestingly, even those less friendly to the industry, like Brown, are on the receiving end due to their influential positions.
Solana Is on a Tear. So Why Do Ethereum NFTs Remain Top Dog?
Despite Solana's price doubling recently, Ethereum's NFT market remains unshaken with a commanding sales volume.
What's behind Ethereum's unwavering dominance in NFT sales? And what does the financialization of NFTs mean for your favorite collectibles? 🤔💡
Rapid Verdict Signals Tough Road Ahead for Bankman-Fried in Sentencing and Appeals
⚖️ A jury's swift verdict spells a challenging journey for Sam Bankman-Fried in the wake of the FTX trial. Legal experts Rich Cooper and Sam Enzer break down the decisive evidence and the steep legal path that lies ahead.
With a potential sentence mirroring those in major white-collar crimes, what does this quick jury decision mean for SBF's future and possible appeals? 🤔
In Case You Missed It 👀
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