Link to blog :
https://blog.unifarm.co/crypto-market-reddit-is-launching-a-new-nft-marketplace/
Even though more crypto startups faltered due to the consequences of crypto contagion, enduring crypto platforms drove a market upswing this week. As Reddit teamed up with Polygon to create an NFT market and Ethereum successfully merged a new testnet, the volume of Bitcoin leaving exchanges continues to break records.
Top Market Trends of the Week
- The ongoing liquidation events include Voyager declaring bankruptcy, CoinLoan capping withdrawals at $500,000 to $5,000 per day, and Celsius referencing pre-bear fragility and “ponziness” in legal docs.
- Turkey’s Bitcoin trade volume increased 40% as the nation battles a 78% inflation rate.
- While Jason Fung, the former head of gaming at TikTok, will create a blockchain games startup, VC firm Konvoy has launched a fund for blockchain-based games called GameFi.
- Using Polygon’s Ethereum scaling solution, Reddit developed an NFT marketplace for avatars.
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