Nuconomist

Hello World.

One year ago, I decided to start a weekly newsletter with a goal of onchain verification and NFT gated premium content every now and then. Today...

#paragraph.xyz#farcaster#streaks

NFT Finance

Non-Fungible Tokens (NFTs) were notNFT Finance PlatformsArcade.xyzNFTfi.comNFTfi is a peer to peer lending protocol. This means that each loan agreement is between two indivdiuals that agree to a deal. Person A lists their NFT as collatral and other place bids offering a value in either WETH or USDC with a percentage interest rate. The NFT holder can then select from a range of offers and accept the most appropriate for them. Once a loan starts it is locked in for the full period of the loan ...

#general

Weekly Wrap: 24th April - 1st May

gm While the memecoin mania from last week has somewhat subsided $PEPE refuses to disapear and is still seeing significant volume. The floor prices of NFT collections across the board are continuing their drift down. And the crypto market experienced a flash crash, of which it has mostly recovered. Just another week in the wild west of the digital fronteir. - @nuconomist📈 Weekly Crypto StatsCrypto Market Cap: 1.25 Trillion Dollars 🔺+13.6% (Was 1.1 T) Bitcoin Dominance: 45.07% 🔺+2.17% (Was ...

Weekly Wrap: 18th - 24th April

gm This week memecoin mania took over. You can can read all about $PEPE mania on the blog here. Outside of that, the market has been slumping after it's recent enthusiasm, NFTs are continuing their slide and the US is still trying to increase it's grip over crypto markets citing securities laws. - @nuconomist📈 Weekly Crypto StatsCrypto Market Cap: 1.1 Trillion Dollars 🔻-8.4% (Was 1.31 T) Bitcoin Dominance: 44.11% 🔺+1.3% (Was 43.9%) Ethereum Dominance: 18.49% 🔻-2.6% (Was 18.98%) ...

$🐸 MEME WEEK

With the crypto majors stalling after a quick pump last week, and NFT floor prices cratering almost universally, there was space for a new narrative to take hold. Enter Pepe...The little meme frog that people love to hate. Last week on Friday, an anonymous developer launched a new token on the Ethereum network called $PEPE. In a matter of days the token had increased in value by up to 20,000%. With stories rampant on Twitter of people making tens and even hundreds of thousands of dollars from...

#crypto#dogecoin#memecoins#pepe#shiba

Weekly Wrap: 10th - 17th April

gm The biggest news this week is that the long-awaited Shanghai upgrade went live on Ethereum allowing stakers to withdraw their ETH from the staking contract. After an initial surge of withdrawal requests (6174 within the first 24 hours), the numbers have started to settle and there have actually been more deposits than withdrawals within the last 24 hours. At this stage, things are looking bullish for long term staking on Ethereum. If you're interested in tracking these metrics you sho...

The NFT Metadata Debate

The Metadata debate is going to be an ugly one. Who has the right to change it and when? Goblins recently updated all images to an offensive alternative and plans to airdrop new versions. What if your goblin was on display for a big event today and you’re left with this?https://twitter.com/truth/status/1645850073392349184Or what if your goblin was your PFP and you suddenly find yourself sweating at your followers? They weren’t exactly the most family friendly brand but this could have real im...

#general#nft

Weekly Wrap: 3rd - 10th April

gm Never a quiet week in crypto! We saw markets crash with rumours that the CEO of Binance had been issued a Red Notice by Interpol sparked by this cryptic tweet by @Cobie. Elon Musk went into full mischief mode, temporarily changing the Twitter logo to the Dogecoin logo sparking up to 33% in gains for the coin. Both reminders of how easily the crypto market can be moved by big individuals in the space and unfounded rumours. And then Crypto went on to do it's own thing and chop over East...

🐶 More Bark Than Bite

Reading time: 2 mins | Read onlineMore Bark Than BiteThe cryptocurrency $DOGE received a surpise pump in its price today after Twitter decided to update their logo in the web app with a DOGE picture. This lead to prices of the meme coin rising by as much as 30%. Such wow!https://twitter.com/crypto/status/1642962421349228571Events like this don't do much to demonstrate the maturity of Crypto as an asset class even if they make for great headlines. And that latter part might be the point.....

#dogecoin

Weekly Wrap

gm This is the first Weekly Wrap and as such, it is likely to evolve over time. I hope you find the information useful. If there is anything you'd like weekly updates on or something you think is missing, then please feel free to reply to this email and you might just see it in future updates. - @nuconomist📈 Weekly StatsCrypto Market Cap: 1.22 Trillion Dollars 🔺+4.27% (Was 1.17 T) Bitcoin Dominance: 44.61% 🔻-0.6% (Was 44.88%) Ethereum Dominance: 17.72% 🔻-0.11% (Was 17.74%) 30 Day NFT...

Tax Time 2023

@nuconomist | Friday, 31 Mar 2023 | Reading time: 4 mins | Read onlineIt's a taxing time of year for many...If you are one of the many that trade NFTs (Non Fungible Tokens) for profit, then tax time can be interesting painful. While dates vary around the world, inevitably there is a cut-off where all profits (or losses) made in the year preceeding that date are locked in and if you've come out on top, then you'll have a bill to pay. For many of you, that time is about now... If...

#tax