ApeCoin DAO & The Imminent Launch of $APE Staking

SEP 14, 2022 • 13 Min Read

Teng Yan + 1 other

Disclosure: Members of our team may own NFTs or tokens related to the projects mentioned here and may participate in the upcoming mints. This statement is intended to disclose any conflict of interest and should not be misconstrued as a recommendation to purchase any token or participate in any mint. This content is for informational purposes only and you should not make decisions based solely on it. This is not investment advice. Please exercise extreme caution if you intend to participate in these opportunities.

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GM. Welcome to our weekly coverage of NFTs and the metaverse. This week:

  • VCs are upping their NFT game, with Doodles announcing a surprise $54M raise. We dissect what this means for NFT holders.
  • Solana NFTs see a new wave of interest.
  • ApeCoin DAO is about to launch its long-awaited staking for $APE.

Let’s dive in!

🚨 State of the Market

NFT trading volumes on Ethereum continue their downtrend. Weekly OpenSea trading volumes are now down for the 4th straight week, with about $88M traded last week. SudoSwap’s weekly volume has also fallen ($4.6M), the equivalent to about 5% of OpenSea’s volume.

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Teng Yan + 1 other