The global crypto market cap is $2.37T 4.11%▲ with a 24-hour market volume of $134.46B 11.92%▲. Bitcoin's dominance is currently 40.50% 0.25%▼. CURRENT PRICES BY MARKET CAP | # | Name | Price | 24h % | | 1 | Bitcoin BTC | $50,567.64 | 2.81% ▲ | | 2 | Ethereum ETH | $4,343.10 | 4.68% ▲ | | 3 | Binance Coin BNB | $590.04 | 6.66% ▲ | | 4 | Solana SOL | $196.81 | 3.54% ▲ | | 5 | Cardano ADA | $1.41 | 4.01% ▲ | Source: CoinMarketCap, 5:30 EST
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 Blockchain analytics firm Chainalysis released its 2021 NFT Market Report. The report aggregates a year's worth of market and trade data from OpenSea. NFT Investor Performance: - Investors who receive NFTs from a whitelist are profitable 76% of the time, and secondary buyers of the whitelisted NFT are profitable 65% of the time.
- Investors who purchase NFTs on the mint date only have a 29% chance of returning a profit.
- The top 30% of OpenSea addresses account for 107% of all realized gains on NFT resales (meaning the bottom 70% combined to lose money), and 87% of all NFTs resold on the market.
- Around 50% of first-time listings on OpenSea occur within two days of an NFT project's initial mint.
NFT Collection Performance: - CryptoPunks were the largest NFT collection by transaction volume at over $3B.
- Mutant Ape Yacht Club had the largest single-week transaction volume in late August at over $400M despite an average weekly transaction volume below $21M.
- The average transaction size for an NFT significantly increased alongside the value of cryptocurrencies.
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TOP NFT COLLECTIONS (24hr Volume) | # | Name | 24h Volume | 24h % | | 1 | Axie Infinity ETH, RONIN | $12.73M | 7.37% ▼ | | 2 | CryptoPunks ETH | $10.90M | 70.13% ▲ | | 3 | The Sandbox ETH | $4.04M | 3.32% ▲ | | 4 | Ape Kid Club (AKC) ETH | $3.59M | 36.90% ▲ | | 5 | Bored Ape YC ETH | $2.90M | 30.87% ▼ | Source: DappRadar, 5:30 pm EST
TOP ETH NFT COLLECTIONS (Floor Cap) | # | Name | Floor Price (ETH) | 24h % | | 1 | CryptoPunks | Ξ 68.69 | 0.09% ▼ | | 2 | Bored Ape YC | Ξ 51.95 | 0.06% ▼ | | 3 | Mutant Ape YC | Ξ 6.90 | 0.15% ▲ | | 4 | Autoglyphs | Ξ 199.99 | 0% | | 5 | Fidenza - AB Curated | Ξ 88.89 | 4.59% ▲ | Source: NFT Price Floor, 5:30 pm EST
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 Craig Wright won a longstanding legal battle with Dave Kleiman’s estate over early BTC mining company W&K Information Defense Research. Wright was only required to pay $100M in compensatory damages for conversion. More: - Wright — the self-proclaimed Satoshi Nakamoto — and early Bitcoin developer Kleiman founded W&K to mine BTC back in 2009.
- Ira Kleiman sued Wright on behalf of his brother in 2013 for $36B in BTC, $126B in intellectual property, and $17B in punitive damages.
- Wright’s legal team successfully defended that Kleiman was not a business partner but a friend who helped him write the Bitcoin whitepaper.
- With Wright cleared from further litigation, a lawsuit against Ira Kleiman brought by Wright’s wife and ex-wife will proceed.
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▲ TOP GAINERS | # | Name | Price | 24h % | | 1 | BitTorrent BTT | $0.003077 | 24.82% ▲ | | 2 | Bitcoin SV BSV | $147.42 | 21.22% ▲ | | 3 | Loopring LRC | $2.35 | 16.15% ▲ | | 4 | PancakeSwap CAKE | $12.38 | 14.34% ▲ | | 5 | Polygon MATIC | $2.27 | 13.35% ▲ | ▼ TOP LOSERS | # | Name | Price | 24h % | | 1 | Immutable X IMX | $5.14 | 5.75%▼ | | 2 | XDC Network XDC | $0.07559 | 3.08%▼ | | 3 | Aave AAVE | $185.73 | 2.81%▼ | | 4 | Decred DCR | $97.23 | 2.50%▼ | | 5 | Kusama KSM | $287.48 | 2.47%▼ | Source: CoinMarketCap, 5:30 EST
*Limited to cryptocurrencies in the Top 100
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 🍋 Fresh Funding 🍋 Mysten Labs, Web3 Infrastructure: $36M ⮕ The Series A funding round was led by Andreessen Horowitz (a16z) and participated in by Coinbase Ventures, Slow Ventures, Redpoint, Lightspeed, and others. More: - Mysten is a Web3 infrastructure startup founded by Facebook crypto research and development division Novi Research.
- In an announcement post, a16z stated that it invested in Mysten because of its ability to accelerate the development and adoption of Web3 services.
- In addition to its upcoming NFT platform, Mysten is currently developing the DeFi protocol Narwhal for the Celo and Sommelier blockchains.
Stacked, Trading/Advising: $35M ⮕ The Series A funding round was co-led by Alameda Research and Mirana Ventures, with participation from Fidelity International Strategic Ventures, DRW Venture Capital, Alumni Ventures, and Jump Capital. More: - Stacked is a digital asset trading and investment platform that gives users access to trading strategies and investment portfolios.
- The fresh funding will be used to increase Stacked’s 40-person team and continue developing automated crypto products.
- Stacked’s web application is currently live, with a mobile version expected to launch within the next six months.
XY Finance, DeFi: $12M ⮕ The funding round was participated in by the TRON Foundation, Morningstar Ventures, Yield Guild Games Ventures, Animoca Brands, and others. More: - XY Finance is a cross-chain, DeFi, GameFi, and NFT marketplace aggregator.
- The platform plans to collaborate with Yield Guild Games and Animoca Brands to further develop its relationship with GameFi products and NFT in-game assets.
- XY Finance will publicly raise funds via an Initial Dex Offering (IDO) on Dec. 9.
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Binance Smart Chain (BSC) and Animoca brands partnered on a $200M fund to back early-stage GameFi startups. BSC and Animoca Brands each contributed $100M to the fund, with Binance's portion coming from its recently announced $1B Growth Fund. More: - Binance's $1B Growth Fund was created in early October to further BSC ecosystem development.
- In October, Animoca was valued at $2.2B following a $65M funding round, almost double its valuation from July.
Animoca and GameFi: - Animoca invested in 11 GameFi funding rounds totaling $796.8M so far in Q4 2021:
- Forte ($725M)
- Upland ($18M)
- Avocado Guild ($18M)
- Syn City ($8M)
- GuildFi ($6M)
- Blockade Games ($5M)
- Solice ($4.3M)
- BlockchainSpace ($3.8M)
- Talewind ($3.4M)
- Metamundo ($2.7M)
- Animoca Brands is the developer behind the popular P2E platform The Sandbox, as well as an investor in 100+ NFT GameFI projects, such as Axie Infinity, OpenSea, and Dapper Labs (NBA Top Shot).
- The Sandbox and many of Animoca Brands' investments currently operate on the Ethereum Blockchain.
What are Guilds? - Guilds are formalized lending communities for play-to-earn, in-game assets.
- By letting other players use their in-game assets, guild lenders earn a percentage of the lendee-players' earnings.
- Animoca Brands has invested in four guild startups in Q4 2021: Avocado Guild, BlockchainSpace, Good Games Guild, and GuildFi.
This story was written in collaboration with Inside VC. Check it out for more great crypto content.
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- Brian Roberts will become the CFO of OpenSea after serving as the CFO of Lyft for the past seven years.
- The $200M cyberattack that hit BitMart was the result of leaked private keys, according to an official statement from the company.
- Bored Ape Yacht Club artist All Seeing Seneca released a new collection of NFTs during Art Basel Miami.
- Ethereum miners saw $1.99B in revenue last month, up 11.8% from October.
- Cardano (DEX) SundaeSwap became the first DEX to launch on Cardano’s testnet.
- Bancolombia announced that it would offer bitcoin (BTC) trading for its customers.
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 |  | Griffin McShane is a New York transplant currently living in Brooklyn, NY. He is a graduate of Providence College, where he studied both computer science and business, and the University of Maine School of Law, where he earned his JD. Beyond his work at Inside, Griffin has written articles for CoinDesk and is a member of the International Association of Privacy Professionals (IAPP). |  | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 Ford. | |
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