gm NFTs Dec. 27: Bull Market Back On?

gm NFTs Dec. 27: Bull Market Back On?

Top News Today:

  • Bull Market Back On
  • $SOS Airdrop

Bull Market Back On? 

Top projects like Clone X, adidas, and Doodles also saw strong volume - but not enough to warrant an increase in trading volume week over week. 

 

The OpenDAO, $SOS Airdrop

To the delight of many OpenSea users, $SOS, a new ERC-20 token was made available to claim for those who had bought NFTs on OpenSea prior to December 23, 2021. Those who have participated are eligible to claim their tokens until June 30, 2022. Like other widespread airdrops (see $ENS) $SOS blew up overnight, becoming the hottest topic of NFT Twitter, and sending many into a frenzy. Users are eligible for a particular amount of $SOS based on the volume of their transactions on OpenSea and the quantity of those transactions as well. 

The DAO is aimed at bringing together the creator and collector community, setting aside 20% of token allotment to support emerging artists and help scammed users. 

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For more information, visit The OpenDAO website

Note: $SOS is a not affiliated with OpenSea and this is not an official airdrop. Users wishing to claim their tokens should do their own research regarding security concerns with interacting with The OpenDao smart contract. Lucky Trader nor the author are liable for decisions made regarding the claim or sale of $SOS. 

 

5 Things I Learned About Investing in 2021

Last week Lucky Trader co-founder Jonathan Bales dropped his most recent piece, "5 Things I Learned About Investing In 2021." In the piece, Bales walks through the five of the most notable things he learned from investing in NFTs and web3 during the course of 2021. 

 

 

Need help preparing your crypto and NFT taxes? Our staff is working on a series of reviews for the most popular cryptocurrency and NFT tax preparation software. Read our full review and signup for Koinly below! 

 

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Disclaimer: Lucky Trader is not a registered investment advisor. You understand that the service is furnished for your personal noncommercial, information, purpose only. No mention of an NFT in the service constitutes as a recommendation to buy, sell, or hold that or any other NFT. Nothing within the service shall, or is intended to, constitute financial, legal, accounting, or tax advice. Any decision that you make to buy, sell, or hold an NFT should be based on an assessment of your risks in consultation with your personal advisers. 

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