In today’s briefing:
- Open Interest Hits All Time High
- Sporting Crypto – October 10th 2022: The Next Frontier of Sport NFTs
Open Interest Hits All Time High
- Price Movements: BNB, the native token of Binance Smart Chain, is down 8% following a $100mn hack.
- Market Liquidity: Sushiswap’s market share vs. Uniswap hit all time lows of just 1% in September as new Head Chef takes over.
- Derivatives: Open interest on Binance has surged to all time highs, although funding rates remain firmly neutral.
Sporting Crypto – October 10th 2022: The Next Frontier of Sport NFTs
- By now you’ve heard of NFTs. I mean, if you’re reading this newsletter and you haven’t — you’ve taken a wrong turn on the internet.
- NFTs (Non-Fungible Tokens) have gripped millions of people worldwide and had countless journalists, marketing execs and boardroom members scratching their head with the thought.
- So let’s start with why NFTs, as a technology, need to be built using a blockchain.
💡 Before it’s here, it’s on Smartkarma
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