Sony and Theta Labs launch 3D NFTs that you can almost touch

The limited-edition NFT collection will be viewable on the Sony Spatial Reality Display (SRD), which creates the sensation of solid 3D objects without any accessories.

👉 decrypt.co/99600/sony-theta-labs-launch-3d-nfts-you-can-almost-touch

Irreverent Labs has raised $40 million to further boost its efforts to create MechaFightClub, a robot cock fighting game that uses NFTs

👉 venturebeat.com/2022/05/06/irreverent-labs-raises-40m-for-nft-robot-cock-fighting-game-mechafightclub

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price decreased by 0.6% and lost 6.7% in the last 7 days
🔹 Utopia Genesis Foundation $UOP increased its price by 38.1% and got 1st place in the Top NFT Price Gainers Rank
🔹 Step Finance $STEP gained 22.1% and took 1st place in the Top DeFi Price Gainers Rank

AVALANCHE MARKET WEEKLY OVERVIEW

Within the last week, the following changes on the Avalanche market occurred:
🔹 Step App $FITFI increased its price by 107% and led the Gainers Ranking.
🔹 Snowball $SNOB TVL increased by 32.6% and led the TVL Gainers.

NEXT WEEK'S CRYPTO EVENTS

Presenting the most important crypto market events that will take place next week.

TOP-13 MOONBEAM ECOSYSTEM PJTs BY EXCHANGE OUTFLOW

Exchange inflow - a percentage of tokens are moved from non-exchange to exchange wallets out of a total token flow.
Exchange outflow - a percentage of tokens are moved from exchange to non-exchange wallets out of a total token flow.

Instagram to support NFTs from Ethereum, Polygon, Solana, and Flow

The social media powerhouse won’t charge users for showcasing their crypto art. NFTs are coming to Instagram with the announcement of a pilot as soon as Monday.

👉 coindesk.com/business/2022/05/08/metas-instagram-to-support-nfts-from-ethereum-polygon-solana-flow/

THIS WEEK CRYPTO EVENTS RECAP

Presenting the most interesting and important crypto market events that took place this week.

TOP-11 SMART CONTRACT PJTs BY UNDERVALUATION INDEX (UI*)

*UI is a Market Cap to 24H Trading Volume ratio. The lower the UI, the more the PJT is undervalued.

Presenting the most undervalued PJTs among Smart Contract PJTs.

ADAPPTER TO BE LISTED ON HUOBI GLOBAL

Huobi Global will list Adappter $ADP in the Pioneer Zone on May 12, when the deposit volume meets the demand of market trading.

👉 huobi.com/support/en-us/detail/24906385115742

CRYPTOMARKET DAILY OVERVIEW

Within the last day, the following changes on the crypto market occurred:
🔹 Bitcoin $BTC price decreased by 3.3% and lost 13.1% in the last 7 days
🔹 Nitro League $NITRO increased its price by 64.1% and got 1st place in the Top NFT Price Gainers Rank
🔹 MatrixETF $MDF gained 99.3% and took 1st place in the Top DeFi Price Gainers Rank

SO-COL platform is raising funds at a $100M valuation

A startup co-founded by crypto influencer Irene Zhao is raising fresh financing in a private round led by Blockchain Capital to ‘supercharge’ influencers’ output with NFTs.

👉 theblockcrypto.com/post/145703/irene-zhaos-influencer-platform-so-col-is-raising-funds-at-a-100-million-valuation

TOP-13 GAMING PJTs BY DAILY NETWORK GROWTH

Daily network growth - a number of new addresses that transferred a given token for the first time within the last day.

LIDO DAO TO BE LISTED ON BINANCE

Binance will list Lido DAO $LDO at 11:00 (UTC) on May 9.

👉 binance.com/en/support/announcement/b76eb4e952

TOP-11 DEFI GAINERS BY 24H TRADING VOLUME

Presenting DeFi PJTs with the highest percentage increase of Trading Volume within the last 24H

TOP-11 METAVERSE PJTs BY UNDERVALUATION INDEX (UI*)

*UI is a Market Cap to 24H Trading Volume ratio. The lower the UI, the more the PJT is undervalued.

Presenting the most undervalued PJTs among Metaverse PJTs.

POLYGON MARKET WEEKLY OVERVIEW

Within the last week, the following changes on the Polygon market occurred:
🔹 Market Cap decreased by $19.0B down to $283B.
🔹 Aavegotchi FUD $FUD gained 64.2% and got 1st place in the Top-5 Weekly Price Gainers.
🔹 Balancer $BAL increased its TVL by 36.2% and got 1st place in the Top Weekly TVL Gainers.

TOP-11 DEFI PJTs BY RELATIVE LIQUIDITY RATIO (RLR)

RLR is a 24H Trading Volume to Market Cap ratio. The higher the ratio, the higher traders' interest in the Token and token liquidity. A high RLR ratio may potentially lead to an increase in the token price.

TOP-8 BNB CHAIN PJTs BY SOCIAL ACTIVITY

Introducing PJTs with the highest LunarCrush Galaxy Score.
Galaxy Score indicates how healthy a coin is by looking at combined performance indicators across markets and deep social engagements.

Compound Treasury receives S&P credit rating in DeFi first

The arbiter of creditworthiness slapped Compound Treasury (a product of Compound Prime LLC) with a B- grade, meaning the USDC-powered yield platform ranks as "speculative" but "currently has the capacity to meet financial commitments“.

👉 coindesk.com/business/2022/05/09/compounds-enterprise-arm-receives-sp-credit-rating-in-defi-first/

Meta to showcase NFTs powered by Polygon

This week Meta is starting to test digital collectibles on Instagram so that users can display their NFTs on their profiles. Similar functionality is coming to Facebook soon.

👉 twitter.com/0xpolygon/status/1523674225714036737