Bankless ROLLUP: The SBF & FTX Aftermath | ETH Goes Ultra Sound | NEW Ethereum Roadmap | OpenSea Royalties
Nov 11, 2022
The fallout from FTXâs collapse has left a significant mark on the crypto industry, with discussions on lessons learned about trust and the need for stronger security. Ethereum's evolving roadmap promises to tackle censorship and improve transaction inclusivity. Meanwhile, OpenSea introduces royalty tools that empower artists in the NFT space. Amid economic turmoil, the crypto community reflects on resilience, balancing regulation and decentralization, while innovative solutions are explored for navigating the current market challenges.
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Crypto Market Downturn
- One year after all-time highs, Bitcoin and Ether are down significantly.
- Total crypto market cap shows a decline of 76%.
Dapper Labs and NFT Market Decline
- Dapper Labs cuts 22% of its workforce due to declining NFT sales.
- NBA Top Shot sales dropped by 99% since February 2021.
Ethereum's Ultrasound Money
- Increased Ethereum burn rate during market volatility enhances network security.
- This anti-fragile mechanism offsets losses by making Ethereum more robust.