Hey Chain Debrief Community,
Another day another protocol got hacked. I think we are all so used to it that it is not shocking anymore. All this hacking just emphasizes the need to diversify and not put all eggs in the same basket.
Anyway, there is an absurd amount of goblintown derivatives in the market. Are we entering a new age of meme-only NFTs or is this just a passing fad?
A number of these meme NFTs are trending on OpenSea and some are doing way better than projects with strong “fundamentals”. I really should take some time off and study this incredible phenomenon.
Speaking of memes, our designers are on fire! We posted a number of high-quality memes on our Instagram that will guarantee you a good laugh. Do check it out!
If you have been following my last newsletter, you would have known that I am shorting the market. Thank god I didn’t close my position and managed to profit a little during the market reversal.
The market is still very volatile with no clear sign of direction. Overall, I’m still very bearish and will open another short position when I see a good entry point.
PSA: There is an upcoming networking night (this Friday) for SG BAYC and Metapass holders. There are only a limited number of slots available and it is on a FCFS basis.
I think this kind of networking event is a great opportunity to meet like-minded individuals and who knows where it might lead to. For those introverts out there, I highly recommend you step out of your comfort zone and give it a go! From one introvert to another.
— Gab from Chain Debrief
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