Headline News - EU Committees Green-light The AI Act, NFT Floor Prices Continue To Crumble, Elon Announces New Twitter CEO & The Ethereum Network Suffers A Major “Glitch”
Milady Maker tops the 7-day volume charts, clocking in at around 12K ETH. Mutant Ape Yacht Club sits in second, Azuki is in third, Bored Ape Yacht Club is in fourth and Wrapped CryptoPunks is in fifth spot.
It was another savage week in terms of NFT collection floor prices, as almost every notable collection experienced significant reductions. The Yuga Labs ecosystem suffered some of the worst losses as Meebits fell by almost 15%, Mutant Ape Yacht Club by around 13%, Bored Ape Yacht Club by around 9%, and Otherdeed by almost 12%. Moonbirds were also hit particularly hard, with around a 15% reduction. Milady Maker was one of the only winners this week, thanks to an Elon Musk tweet, which also sent an associated Memecoin soaring.
Despite the global crypto market cap having recovered by 2.5% over the past 24hrs, Ethereum is down by 7.1% over the past week. Bitcoin is down by 8.6%, Polygon by 11.4%, and Pepe has seen a whopping 40% reduction in price over the past 7 days. That said, it’s also seen a 34% increase over the past 24hrs. What a rollercoaster ride that’s been having. And yet again, it was another Bored Ape Yacht Club NFT which secured the weeks largest sale at 200ETH.
Memecoins have continued to attract most of the attention over the past week, with people constantly on the search for “the next big Pepe”! But what else has been brewing? Let’s take a look.
Elon Musk announced the new Twitter CEO, the Ethereum network ground to a halt temporarily, certain Bitcoin developers are not happy at the rise of Ordinals, and Warren Buffet likens AI to the atom bomb.
Elsewhere, Tessera and Escher announce they will cease all operations, Meta reaffirms its interest in the Metaverse, and the ParaSpace team clashes with CEO over the whereabouts of funds. We also saw Binance adding Ordinals to thier NFT marketplace and EU Committees giving the green-light to The AI Act. This marks a major step in the development of AI regulation in Europe, as these will represent the first-ever ruleset for AI. They are being established with the aim to ensure that AI systems are safe, transparent, traceable, and non-discriminatory.
For full articles on all the above and much, much more, head into the sections below and click on the relevant links.
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Curated NFT News - the biggest stories of the past week
BIGGEST NFT Sale: CryptoPunks #1630 - 109ETH
Forget FOMO—JOMO Effect NFT Project Aims to Boost Mental Health in Web3
Ape of Faith: Yuga Labs’ New CEO Buys Bored Ape NFT for $90,000
Meet 10 Trailblazing Asian Founders Shaping the Future of Web3
LG Electronics Seeks Patent for TV Which Lets Users Trade NFTs
Alpha Centauri Kid and OSF on Art and Doing Web3 Events Right
Bitcoin Ordinals Have Been a 'Catalyst' for Bitcoin Adoption, Says Michael Saylor
Among Bitcoin Developers, Debate Is Raging Over Whether to Censor Ordinals BRC-20s
ParaSpace Team Clashes With CEO Over Whereabouts Of Protocol Funds
Why Heavy Metal Band Avenged Sevenfold Keeps Betting on NFTs
First Quarter NFT Volumes Outpace Q4 Thanks to Blur Token Airdrop
Binance Adds Ordinals Inscriptions to NFT Marketplace, Enabling Bitcoin Trading
Curated AI & Web3 News
AI Act: A Step Closer To The First Rules On Artificial Intelligence
Ethereum Network Suffers Finality Issues—Here’s What That Means
Warren ‘Bitcoin Is Rat Poison’ Buffett Likens AI to the Atom Bomb
Elon Musk Names NBCUniversal’s Linda Yaccarino New Twitter CEO
AI Is Hot—But Meta Is Still ‘Really Interested in the Metaverse,’ Exec Claims
Crypto Custodian Aegis Is Offering Free Services to Women-Led Companies
MetaCannes Ushers in Film3's Next Wave of Cinema at Cannes Film Festival
Milady Memecoin Surges 5,250% After Musk Tweet, Exchange Listings
Bitcoin Hits Two-Month Low Amid Dollar Strength, Cooling Ordinals Activity
Meme Coins Meet Table Tennis: FLOKI Lands World Championship Sponsorship
‘We Screwed Up’: Coinbase Apologizes for Pepe Comments as #DeleteCoinbase Trends
A word from our Founder: Welcome to ZenAcademy! and why to join
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ZenAcademy Recommends…
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HeyMint Launchpad - Are You Looking to release an NFT project? We have recently partnered with HeyMint Launchpad. They are, without a doubt, the most comprehensive no-code toolbox for creating your dream NFT collection. The best part? It’s 100% free for creators. It’s great for independent artists and 10k PFP collections alike. Try it out for yourself here.
Note: All links in the above text are referral links; by using them you are directly supporting the ZenAcademy Community. Thanks for your ongoing support.
Project news & things we’re keeping an eye on
Pudgy Penguins Bucked the NFT Crash—Now It’s Raised $9 Million
Beeple Advised Holders To Move Their Beeple NFTs Into Noncustodial Wallets In Anticipation Of Upcoming "goat-related airdrop raffle”
DeGods: Everything You Need to Know About the NFT Collection
OpenSea Pro Adds Farmer Wallet Labels To Help Identify Bid Farmers
0N1 FORCE WORLDWIDE Was Announced: “A new paradigm in community support and business development”
Barbie and Boss Beauties Make Joint Bid to Bring More Women into Web3
Assassin's Creed 'Smart Collectibles' Pair NFTs With 3D-Printed Physical Items
Artizen Fund Raises $2.2 Million to Create NFT Cultural Artifacts
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Liams Top Tips - "What it takes to be great"
This tip is in honour of the GOAT #23 Michael Jordan.
Chicago Bulls basketball team had practice at 7am each morning. But MJ started what's known as "the breakfast club".
Every morning he'd get to the court 2 hours early at 5am and train for 2hours before official practice even started. A handful of teammates decided to join "the breakfast club" and the rest is history. That core group of players became the BEST in the industry.
But how does this relate to NFTs? In my opinion, you find YOUR breakfast club. If you want the skills and success that the top traders/investors/founders have, you need to put in the work with the right people by your side.
Today’s ZenCaps is brought to you by HeyMint Launchpad
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And we practice what we preach — all ZenAcademy NFTs are released using HeyMint.
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ZenAcademy Community News
The PFP sneak peeks continue - We'll let the art speak for itself, but hopefully you can begin to see the characters in the world we're creating take shape. Their personalities, their traits. It's been so fun developing these and we truly hope and believe everyone in the community will be able to find PFPs they relate and resonate with. Enjoy!
The ZenAcademy Consulting website was officially launched last month, and we’re extremely excited to be able to offer our services to those looking for a helping hand in Web3, and beyond. Check out the link above for more details and drop us an email if you have any questions.
The ZenDaily show is going to be on hiatus starting next week, due to Zeneca traveling a lot over the next few weeks & @emileevee getting married at the end of the month. We will keep everyone posted regarding our return plans.
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The "guests of 333" initiative launched in the The 333 Club, in an effort to provide some bidirectional value to our consulting clients as well as the community itself. The goal is to bring in interesting people working on topical projects to stimulate conversation and hopefully foster meaningful connections between builders.
ZenCoaching - something’s brewing regarding a new supportive program to further empower our community. The first ZenCoaching program was extremely well received based on participant feedback, and we’re looking to offer another similar program in the very near future. Watch this space!
Our Little Atlas community endeavour has been going exceptionally well, with 1,112 members now signed up. It’s clear from the map, that there’s significant ZA strongholds in Singapore, London, Tokyo and New York, and there’s currently another 7 events in the calendar. Keep up the good work. There’s few things more important than human connection.
ZenAcademy - Latest Content Releases
YouTube Video: The Importance Of Asking Questions In Web3 - MET AMS
YouTube Video: Two Bored Apes Ep. 76: Coinbase Sues SEC, OpenSea Fraud Trial, Yuga Labs vs. Ryder Ripps
Zeneca Newsletter: Letter 37: SVB & USDC
YouTube Shorts: The Future of NFTs: Embracing Subscription Models
ZenAcademy Regular Events
The ZenDaily Show hosted by Zeneca and Emileevee, every Mon-Fri (at 10:30am EST). This space is all about education, information and entertainment. It has a focus on Web3 education, topical perspectives, and being a forum for the ZA community and beyond to join in and discuss what’s going on in the web3 world. Additionally, Zeneca will be doing what he does best: distilling complicated information into easily digestible bites.
Wellness Wednesdays - Hosted by @Kit777 every other Wednesday. Kit talks with one of our highly esteemed members in a Twitter spaces where we pause, take a break and discuss all things related to mental health/wellness and our shared human journey in life.
Keep across the Minor Announcements channel in Discord, for details on Founders Calls, Casual Voice Chats, Trivia Challenges and more!
Artists Corner - Every other Wednesday, hosted by KingInTheCastle, this event takes place in our Discord for our members. Artists take to the mic and share their journey, experiences and knowledge with our community. Hop in the call to learn and have fun.
333 Club’s weekly ‘This Week in NFTs’ Twitter Spaces, each and every Sunday. Follow the 333 Club Twitter page here for more info.
Join Poker Nights via our Discord. Events held weekly, with prizes to be won.
There’s a ‘global-events’ forum in the ZA Discord to help facilitate IRL meet-ups amongst the community. Find more details here.
Don’t forget to keep across the Giveaways Discord channel, with plenty of allowlist spots up for grabs on a regular basis.
Nothing in this or any other ZenCaps publication should be construed as financial or investment advice. The views and opinions expressed in ZenCaps publications do not reflect those of Zeneca or the ZenAcademy.
Always exercise caution within the NFT space and adhere to best practices when it comes to making any investments. There is plenty of potential, but this comes with inherent risks.
Stay safe, and as always, good luck.