🫡 Make NFTs Great Again!

PLUS: Some market backtracking 🔙

Author

Nutshell Daily
December 16, 2022

The markets never cease to amaze us. In today’s newsletter, we discuss the entrance of a public figure and how the market backtracked in 2 instances. We'll make sure you realize the significance of reading Nutshell Daily near the end! 🫡

Today is our week-aversary! Gonna be releasing what I learnt on my profile!

Nuts in brief:

  • Make NFTs Great Again! 🫡

  • Some market backtracking 🔙

  • Some other Nutty NEWS in a nutshell 🥜

  • Nutty Meme 🥜

Let us dive in!

We got a baller enter the NFT spaceStrap your seat belts on to stay safeMarkets going haywire with newsUp and down is a part of the daily cruise

Make NFTs Great Again! 🫡

Yes, Donald Trump just released his own NFT collection called "Trump Cards." 🫡

Let us go over the nutty details of this collection -

  • The collection size is 45,000 🔢

  • The mint price is $99 per NFT 💸

  • The total raised is $4.5 million 💰

  • He announced it via his Truth social media account,yesterday morning ☀️

  • Hosted on the Polygon chain 💟

  • The collection has sold out 🎉

The next question is obvious: What is the utility behind the collection? 🧰

"Gala dinner with Donald Trump" is the highlight of the project website. Aside from serving as a digital collectible, holders of 45 NFTs will be guaranteed an invitation to an exclusive event with Donald Trump in South Florida.

If you're wondering what the significance of the number 45 is, he was the 45th President of the United States. 

According to the website, there will be thousands of prizes distributed to the holders. The majority of them being one-on-one meetings with Trump at different locations and zoom calls. 🤝

Nutty take 🥜

Positives -

  • Donald Trump is a globally recognized figure.

  • Meeting with the 45th President of the US for $99, Not a bad deal! 👍

  • The utilities have been thought out before release ➕

Things to consider -

  • All the meetings are in the USA, so people from other countries cannot benefit. There are zoom calls as well, but the chances of getting in on those are minute. 🤏

  • The collection size is very large. This further reduces the probability of winning anything. 🦣

  • Looking forward to the execution of the promises. It is not going to be easy coordinating so many people.🖖

  • An expert coder did not like the underlying code at all.

Tell us what you think about this news!

Some market backtracking 🔙

Remember Mazars Group? The one who audited Binance’s proof of reserves. 🔍

Well, guess what? They just removed Binance’s name from their website! This move sent shivers down $BNB and caused it plummet! ↘️

Wait, so do you mean Binance has rugged us? 🙀

Well, thankfully not. (yet) According to a statement released to Decrypt by Binance, Mazars Group has stopped auditing cryptocurrency firms overall. They even stopped working with Crypto.com and KuCoin. 😲

Whooosh, they scared the nuts out of me for a moment! 🥹

Mazars issued a statement to Decrypt as well, saying that they have paused auditing for cryptocurrency firms because of the way these reports are mis-understood by the public. 😶

According to Binance, they approached multiple big corporations for auditing, including The Big 4. However, none of them are willing to audit private cryptocurrency firms. 🫡

Apparently, we will need to wait and watch to see how the firms show their proof of reserves. One of them can potentially be using the Merkle-based proof, which has been suggested by Vitalik himself 🤗

Now onto WHY you should read NUTSHELL DAILY?

Remember how we defined CPI in our last issue ? How we said that the markets are just reacting to "future expectation" 🔍

Well, guess what? The market just backtracked to where it was before CPI rates were announced. ↘️

So if you read our issue, you might not have FOMOed in and lost over $100 million in liquidation. 😢

Bringing you the nuttiest news everyday (almost) 🫡

Some other Nutty NEWS in a nutshell 🥜

    Nutty Meme 🥜

    Hope you had a blast reading our newsletter just before the weekends! Happy weekends everyone!

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