Safe introduced its Safe{Pass} program, rewarding engagement with blockchain-based smart accounts and partnerships across the ecosystem.

The Deets

• Lock and Boost: Lock SAFE tokens for multipliers on points within the Safe{Pass} program.
• Ecosystem Engagement: Earn points through daily use and transaction volumes in your Safe account.
• Partner Perks: Exclusive rewards from EigenLayer, ENS, and other top partners.
• Long-Term Benefits: The first Safe{Pass} season extends until September 30, 2024, promising extensive user benefits.

The Bulk

Safe, a leader in secure blockchain account management, is broadening its horizons with the launch of the Safe{Pass} program. This initiative is designed to deepen user engagement by rewarding active participation within the Safe ecosystem and its numerous prestigious partners such as EigenLayer, Ethereum Name Service (ENS), and Euler.

Participants in the Safe{Pass} program will need to lock their SAFE tokens, which not only secures their assets but also significantly increases their points earned through various activities. These activities include regular transactions, increased transaction volumes, and even the mere act of holding assets within the Safe platform.

As Safe{Pass} unfolds, users can look forward to unlocking stages of rewards that include early access to new features, transaction fee sponsorships, and exclusive invitations to blockchain events.

🎤 Platform Prose

 

🔜 What's Next?

As Safe continues to expand its partner network, users can anticipate even more oppoortunies to engage and earn. Campaign rollouts are expected for partners including EigenLayer, Rainbow, Wormhole, ENS, and more. 

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For more web3 and NFT news, visit the Lucky Trader newsfeed.

OKX and Manchester City restocked "Unseen City Shirts," a digital collectible campaign featuring unique, commemorative football shirts available for minting on the OKX app.

The Deets

• Digital Collectibles: Football shirts designed by Christian Jeffery, mintable on the OKX Web3 app.
• Unique Designs: Featuring the Lancashire Rose and the Manchester Worker Bee, symbols of Manchester.
• Exclusive Prizes: Rarity levels dictate potential wins, from play-on-pitch experiences to limited edition physical shirts.
• Future Drops: More digital collectible shirts with unique designs to be released soon.

The Bulk

OKX restocked and renewed its digital collectible partnership with Manchester City, blending traditional sports memorabilia with blockchain technology in the campaign, "Unseen City Shirts."

Designed by Christian Jeffery, these shirts encapsulate Manchester's heritage with designs that include the Lancashire Rose and the Worker Bee. Fans of the club and crypto enthusiasts alike can mint these digital shirts directly through the OKX app, with each piece potentially unlocking unique physical and experiential rewards based on its rarity level.

📊 By the Numbers

Each 'Unseen City Shirts' collectible comes with a chance to win various exclusive prizes, with only 5 Ultra Rare shirts offering a coveted play-on-pitch experience and limited edition gear.

🎤 Founder Feedback

🔜 What's Next?

Keep an eye out for the next drop of 'Unseen City Shirts' on April 29, featuring another unique design and more exciting prizes.

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For more web3 and NFT news, visit the Lucky Trader newsfeed.

TylerD's Market Summary

Today's Morning Minute is brought to you by Arcade, the leading protocol for NFT lending.

Arcade allows users to hold on to their NFTs and still get liquidity when needed via their flexible time-based lending terms.

They changed the game with their Smart Vaults, allowing users to store their NFTs in vaults during the loan process - enabling them to claim airdrops sent to the NFT after paying off the loan.

It's a major unlock.

The protocol has seen an explosion in user growth (+130%) and monthly loans (+300%) over the past 8-9 months as more and more users find the platform.

And of course - users are being rewarded.

Lending and borrowing on the Arcade protocol earns points which convert to $ARCD tokens.

So check Arcade out today, give or take some liquidity and start earning!

🟠 Runes Infrastructure Is Arriving

Some of the most common feedback around the hyped Runes launch was around the user experience.

It sucked, in short.

And it wasn't much better than the previous BRC-20 trading experience many already knew.

So where was the upgrade?

Well it may be arriving.

What Happened?

We knew infrastructure was coming for Runes, and yesterday we got the first glimpse.

Magic Eden made the blockbuster announcement that its Runes Marketplace was live yesterday afternoon.

And the user experience is pretty slick:

• Navigate to the Runes tab on ME Bitcoin
• Select a Rune from the drop down and a new Runes Table View pops up
• Use a sliding bar to buy as many as you'd like (and see the price + network fees) and then buy

It's just a handful of clicks, and in some ways, it's even easier than buying (sweeping) Ordinals on Magic Eden.

The fomo concept is still in play from the Ordinals experience, where users can see which Runes buys are still pending.

And the team has alluded to new features like a "Swaps View" coming soon, so this is not the final product.

You can read more about the team that built it in this feature from CNBC about Magic Eden's "hacker house."

But There's More

Magic Eden wasn't alone.

Xverse also launched its Runes Mint App, allowing users to mint or etch their own runes directly from the wallet.

And then likely the most important headline of them all - Taproot Wizards founder Udi Wertheimer introduced BIP-420.

BIP-420 is a formal "Bitcoin Improvement Proposal" tied to the OP_CAT proposal the team has been pushing forward for months now.

The premise is to better enable a crypto economy on Bitcoin via:

• covenants
• smart contracts
• secure bridges
• onchain trading
• zk proof verification

More key ETH features, on Bitcoin. And more usable than they are in current state (onchain trading is available now but admittedly clunky).

It's a grand vision, and if Udi and team are able to pull it off, it may go down as one of the most important proposals / implementations in Bitcoin history.

Why It Matters

There are several reasons why this matters and is a hugely important proposal for Bitcoin.

But dialing in to Runes, the topic of this newsletter - we are early.

Ordinals launched about a year before they really took off, largely due to improvements in UX and more meaningful project launches that took time to rollout.

There's a good chance the same happens with Runes.

Runes infrastructure is getting better already, and Magic Eden made a big jump with its debut yesterday.

But we still have a long way to go to come anywhere close to the trading experience on ETH or Solana.

The BIP-420 proposal will help Bitcoin get there - but it will take time.

Now is the time to pay attention to Runes, but also to be patient - it will get better.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• ETH led NFT trading volume with $7.6M on the day (+5%); BTC was next with $7.4M (-37%) and then Solana with $5.3M (-7%)
• ETH NFT leaders were very mostly green with BAYC +4% to 12.8 ETH, Pudgy +6% to 10.9 and MAYC even at 2.3
• DeGods jumped 18% after Frank DeGods showed a screenshot touting "bridge success" back to Solana
• My Pet Hooligan NFTs fell 35% after its KARRAT token debuted at a $100M mc and $800M FDV (hit $1B+ at peak)
• A Skulls of Luci sold for 85 ETH to Kanbas and a Hoodie CryptoPunk sold for 195 ETH, leading notable sales on the day
• Runestone led the BTC NFT board again with 39 BTC volume as volume and attention shifted to the Runes launch on Magic Eden; most leaders fell 10%
• OMB is the PFP leader at 0.487 BTC, then Quantum Cats at 0.44, Puppets at 0.4 and NodeMonkes at 0.385
• Solana NFTs were mostly red on the day; Mad Lads -8% at 93 SOL, Tensorians -even at 15, SMB Gen 2 -12% at 40; Exiled Degods jumped 234% after the news of DeGods bridging back to Solana
• NFT Stats announced his first ever NFT collection of 200 "gm" photos from around the world, to launch via Blastr on Blast, a new protocol offering full refunds for minters who are not satisfied 

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token or airdrop news from the day:

• Portal's first launchpad token sale, $SOMO from Somo Games, will take place this Thursday, Apr. 25 at 11:00 a.m. ET.
   
• Runestone's $DOG debuted on Whales Market as $0.005 which equates to a $500M mc (and would mean a $4500 airdrop per NFT)
• Maneki launched on Monday and saw $130M volume in just a few hours
• Arcade facilitated a $250,000 USDC loan against a collection of six Pudgy Penguins, including a Gold Body
• Fren Pet announced it will launch a new version this Friday with improved mechanics and new games
• Fantasy Top introduced Fantasy Stars, providing users with a points-for-prizes system based on deposits

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are slightly green this morning; BTC +0.3% at $66,300; ETH -1% at $3,180; SOL +0.7% at $155
• Memecoin majors were mixed on the day with a notable move of PEPE flipping WIF; DOGE -1%, WIF -4%, PEPE +4%; GUMMY and POPCAT outperformed on Solana, up 75% and 40%
• Maneki launched and reached $110M market cap in less than a day; POPCAT also outperformed, jumping 26% to $375M
• TN100x jumped 55% after its new tipping mechanism circulated on X
• Runes saw a mixed day as ZZFEHU soared 75% to $2.37B but prior leaders RSIC (-18%) and Satoshi (-33%) both fell
• Unisat confirmed reports that some users had Runes burned during transactions on its mp, saying it has since fixed the issue and it is now safe to trade Runes on UniSat marketplace
• Udi Wertheimer introduced BIP-420 as a formal proposal for Op_Cat which enables covenants, allows for smart contracts, secure bridges, on-chain trading, zk proof verification, and more
• Two SEC lawyers resigned after being sanctioned by a judge for "gross abuse" of power in a crypto case against DEBT Box
• Animoca Brands Japan will help with global marketing for the Square Enix game "Symbiogenesis"

🚀 Memecoin Movers 

• $MANEKI (+18000%, $100M market cap, Solana)
• $TN100X (+55%, $45M market cap, Base)
• $KEYCAT (+52%, $45M market cap, Base)
• $BIAO (+50%, $21M market cap, Solana)
• $POPCAT (+26%, $375M market cap, Solana)

📈 NFT Floor Price Increase (ETH)

• Coolmans Universe (90%, 0.11 ETH Floor)
• Yogurt Verse (53%, 1.15 ETH)
• Lasogette (32%, 0.83 ETH)
• Dooplicator (21%, 0.13 ETH)
• DeGods (18%, 1.65 ETH)

🗓 Upcoming NFT Mints and Reveals

Today is another slower day of drops, mostly focused in PFPs and art across chain.

Post Photographic Perspectives III is likely the highlight, as the AI art group releases its 3rd body of projects.

See the full list and dive in for more details with Swizzy's daily mint monitor. 

• Evolution of Curis (9:00 a.m. ET)
• PunkAApepen (12:00 p.m. ET)
• The Paper Crane x Rich Pool - IsoMetro (1:00 p.m. ET)
• Post Photographic Perspectives III (1:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.

Blast will distribute 10 million Gold to Dapps this week using a newly introduced Incentive Weight system.

The Deets

• Incentive Weight Introduced: Aimed at improving how Dapps design incentives.
• Criteria Published in Advance: Dapps can optimize their incentives before distribution.
• Community Involvement: Members can report suspicious activities and provide feedback.
• Future Mechanisms: Plans to allocate Gold to token and NFT projects soon.

The Bulk

Blast Network is set to distribute 10 million Gold among Dapps that live on Mainnet, determined by a meticulous new formula that incorporates Category Weight, Blast-native Weight, Dapp Weight, and the all-new Incentive Weight.

The introduction of the Incentive Weight allows the network to address the effectiveness of Gold distribution, ensuring Dapps are rewarded based on the quality and fairness of their incentives.

With this strategic move, Blast aims to promote greater transparency and fairness in the allocation of resources, which will, in turn, encourage Dapps to improve their offerings.

The network has detailed the specific issues it aims to address, including the misuse of Gold in incentivizing token or NFT ownership, using Gold to indirectly promote revenue, and the need to avoid non-transparent insider dealings.

📊 By the Numbers

Dapps are categorized and weighted in various fields like Spot Dex (6) and SocialFi (4), down to NFT Infra (1), affecting their share of the 10 million Gold based on performance and alignment with Blast's standards.

🎤 Platform Prose

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For more web3 and NFT news, visit the Lucky Trader newsfeed.

Animoca Brands Japan and SQUARE ENIX signed a memorandum of understanding to boost global marketing and adoption of the Symbiogenesis game and its associated NFTs.

The Deets

• Strategic Collaboration: Enhanced global reach for Symbiogenesis via expert marketing and partnerships.
• Game Integration: Use of 10,000 unique NFTs as in-game avatars and progression tools.
• Expertise Utilization: Leveraging Animoca Brands' vast network for broader market penetration.
• Community Engagement: Interactive platforms and community-driven events to bolster user involvement.

The Bulk

Animoca Brands Japan is now collaborating with SQUARE ENIX to elevate the Symbiogenesis project, a high-fantasy game featuring 10,000 NFT characters.

These characters are not only collectibles but also serve as gateways into the SYMBIOGENESIS universe, where players can explore, interact, and progress through various in-game challenges and storylines.

The partnership aims to harness Animoca Brands' extensive expertise in global NFT markets to drive adoption and create a seamless integration of NFTs into the gaming experience, enhancing player engagement and the overall value of the game's digital assets.

🎤 Founder Feedback

🔜 What's Next? 

Animoca Brands Japan will support Symbiogenesis on its NFT launchpad later this year. Dates have not yet been provided. 

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For more web3 and NFT news, visit the Lucky Trader newsfeed.

TylerD's Market Summary

Today's Morning Minute is brought to you by nftperp, your gateway to the future of NFT derivatives trading!

Are you ready to dive into the world of NFT trading but hesitant due to high entry barriers? Look no further than nftperp.

nftperp allows traders to go long or short NFTs with the click of a few buttons. 

And now it is officially live on Blast L2, providing a lower fee environment for traders along with:

• New "Degen Draw" raffle game

• Punks, Penguins and Milady's live for trading

• 100% of their Blast airdrop being shared with the community

• Additional $VNFTP rewards for traders

So start trading today.

🟠 Runes Debut with Mixed Reactions

This was arguably the most hyped Bitcoin halving to date.

The ETFs have brought new attention and money into the ecosystem, and of course Casey Rodarmor's highly anticipated Runes protocol going live with the halving.

But was it overhyped compared to what was delivered?

What Happened?

On Friday night around 8:15 pm ET, the Bitcoin halving took place and Runes launched.

Teams raced to etch the first 10 (and then the first 100) and some saw surprising success.

Some notable top runes that were etched:

• Runes 0: Uncommon Goods
• Rune 1: Z...FEHU...Z
• Rune 2: Decentralized (Prometheans)
• Rune 3: Dog Go To The Moon
• Rune 4: The Runix Token
• Rune 8: RSIC Genesis Rune
• Rune 13: Pups World Peace
• Rune 17: Magic Internet Money (WZRD)
• Rune 21: RSIC Season Two

So the CyberKongz team came in with the #2 runes in a big surprise. Leonidas and team got #3 for Runestones. And the RSIC team secured #8 (seemingly on purpose for the Asian tie-in) along with #21.

There is still a lot of mystery around some of the early runes including #1.

They also minted in different styles, with some operating as free mints and some having huge pre-mines. But given fee spikes, none of the mints were truly "free" and many minted at market caps between $6M and $30M.

Those who minted and sold early still saw some nice profits, and being in the trenches Friday night was the right place to be.

Market Response

A few clear winners have already seemingly been named.

• RSIC Genesis Rune has the top market cap at $305M (on $1.8M volume)
• Satoshi Nakamoto has seen the most volume with $40M+ on Gate.io, but fell 34% on Sunday to $103M mc
• Wanko Manko Runes is next up at $36M mc and then Meme Economics is the only other Rune over a $10M mc (at $11.8M)

You can track some of the leaders at OKX Runes Marketplace and trade them there or on Unisat.

Apparently the launch of a new 9-figure coin and some nice ROI on early mints wasn't enough for many who called the runes launch a "bust."

Those funding mostly point to lack of improvement over existing BRC-20 tech, lack of infrastructure and the high Bitcoin fees making for a bad trading experience.

And to be frank, that's mostly true. Right now.

But Runes are 2 days old and virtually none of the expected infrastructure has arrived yet. And it's still coming.

So likely best to be patient, and curious, for those who still view runes as a viable investment sector.

NFT Impact

The Ordinal PFP leaders had a great weekend, and a new "big 4" has separated from the pack:

• OMB at 0.52 BTC
• Quantum Cats at 0.469 BTC
• NodeMonkes at 0.412 BTC
• Bitcoin Puppets at 0.404 BTC

These 4 have been leading and jostling for position, and it seems that jostling will continue (especially given their varying supplies).

But the good news for holders is all those floors are up from weekend lows as many are already moving on from Runes and back to Ordinals (or perhaps cycling early gains back to Ordinals).

The pre-runes Ordinals had more of a rocky ride.

• Runestone dipped from 0.07 BTC to 0.035 after last night's snapshot for the $DOG airdrop (not a surprise, in fact it's holding up quite strong)
• RSIC dipped to 0.042 after its lotto happened at the halving (but also holding up strong due to Season 2)
• Rune Pups fell to 0.09 BTC as the PUPS token fell over the weekend
• Prometheans emerged as a new leader at 0.065 BTC after securing the #2 runes, though there are still open questions on when those runes will be delivered

So expect more volatility with this group.

RSIC was the first to complete its airdrop and reportedly spent at least 6 BTC doing so.

Do the other teams have this kind of money to execute the airdrop? We will see.

The other wild card for pre-runes and runes right now - Binance.

Last night they hinted at some new Bitcoin (i.e. runes) listings in a cryptic tweet.

Many interpreted it as a nod to the PUPS token being listed first, briefly sending PUPS as high as $60 (back to $45 now).

And that leads to a key next step for the runes and pre-runes leaders.

What Next?

For runes, the launch hype is starting to wear off and not many new mints are reaching escape velocity.

Interest is already dwindling and focus is likely to revert back to the existing leaders.

What will propel and cement early leaders?

CEX listings, and Binance is clearly ready to make a move.

Whatever gets listed first on Binance likely takes the early lead. It's just clear that the masses (and liquidity) want an easier trading experience that what currently exists for runes.

As that experience improves, expect more attention and perhaps more winners to emerge.

I expect the winning runes to outperform while many go to 0, which is not different from how the memecoin games goes on other blockchains.

I also expect rotation to Ordinals to happen this week and to continue, driving the next leg up.

Many were wondering if runes would take liquidity away from Ordinals, at least in the short term, and the answer seems to be "no" on that question.

With 4 clear winners, and a few feisty newcomers in Prometheans and Runemilios, expect more fireworks on Ordinals than Runes in the weeks to come.

But the runes leaders will have their day - that day may just be down the line.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the weekend in NFTs:

• Bitcoin led NFT trading volume with $11.6M on the day (+65%); ETH was next with $6.9M (+16%) and then Solana with $5.9M (+20%)
• Runestone led the BTC NFT board again with 189 BTC volume but fell 50% to 0.035 BTC post-snapshot; most Ordinals leaders were green
• OMB was the top notable winner, jumping to a 0.52 BTC floor and leading the PFPs; Quantum Cats next at 0.469, then Nodes at 0.412, Pups at 0.4
• Runemilio was the top gainer on the day, rallying 500% to 0.05 BTC
• RSIC held at 0.044 BTC after its Season 2 was confirmed, meaning the NFts will continue mining runes
• ETH NFT leaders were very mixed with BAYC -2%, Pudgy even, MAYC +15%, Milady -2% and DeGods +5%
• Sappy Seals and Pandora led top movers jumping 18% each
• An XCOPY "Last Selfie" edition of 10 sold for 277 ETH ($849,000) marking a new ATH for that edition
• Solana NFTs were red on the day; Mad Lads -3% at 100 SOL, Tensorians -1% at 15, SMB Gen 2 -13% at 46

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token or airdrop news from the weekend:

• Blast released its latest Blast Gold distributions on Friday along with a blog post explaining that active NFT and token communities may be rewarded next
• $PAC rebounded 25% after that Blast blog post, reaching nearly $0.09 at peak (now at 0.085)
• The Runestone snapshot for the $DOG runes airdrop happened on Sunday, though there is at least 1 more airdrop coming for holders
• Friend Tech announced its v2 will launch on April 29
• Arcade teased its upcoming Bitcoin integration again on Saturday

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are green this morning after a weekend rally; BTC +1.5% at $66,080; ETH +1.3% at $3,210; SOL +2% at $154
• Memecoin majors were mixed on the day; DOGE -1%, WIF -4%, PEPE +6%; GUMMY and POPCAT outperformed on Solana, up 75% and 40%
• Binance hinted at Bitcoin Runes being listed, using a face that many interpreted as a Bitcoin Puppet; PUPS soared XX%
• ethOS launched their version of the blockchain phone for ETH, which can be minted and redeemed on Base

🚀 Memecoin Movers 

• $GUMMY (+75%, $175M market cap, Solana)
• $FUNGI (+43%, $16M market cap, Base)
• $POPCAT (+40%, $300M market cap, Solana)
• $TOOKER (+33%, $80M market cap, Solana)
• $EPIK (+23%, $28M market cap, Solana)

📈 NFT Floor Price Increase (ETH)

• Sappy Seals (18%, 0.78 ETH Floor)
• Pandora (16%, 2.54 ETH)
• MAYC (15%, 2.33 ETH)
• BAKC (14%, 0.5 ETH)
• Imaginary Ones (10%, 1.15 ETH)

🗓 Upcoming NFT Mints and Reveals

Today is a slow day of drops to start the week.

Expect Bitcoin drops to be slow for a bit until fees and runes hype settle down.

ETH has another art drop and a new meme card from Cemhah, and then a new PFP launching on Blast in Exo Spirits.

See the full list and dive in for more details with Swizzy's daily mint monitor. 

• Memes by 6529 (11:00 a.m. ET)
• Wubbushi x Verse - Past Forward (2:00 p.m. ET)
• 0xfff - Honest Work (3:00 p.m. ET)
• Exo Spirits (3:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.

TylerD's Market Summary

Today's Morning Minute is brought to you by Arcade, the leading protocol for NFT lending.

Arcade allows users to hold on to their NFTs and still get liquidity when needed via their flexible time-based lending terms.

They changed the game with their Smart Vaults, allowing users to store their NFTs in vaults during the loan process - enabling them to claim airdrops sent to the NFT after paying off the loan.

It's a major unlock.

The protocol has seen an explosion in user growth (+130%) and monthly loans (+300%) over the past 8-9 months as more and more users find the platform.

And of course - users are being rewarded.

Lending and borrowing on the Arcade protocol earns points which convert to $ARCD tokens.

So check Arcade out today, give or take some liquidity and start earning!

🟠 The Bitcoin Halving Is Here

The final countdown is on.

Current projections show the Bitcoin halving (where miner rewards cut in half, also meaning miner sell pressure reduces by 50%) will happen at 6:30 pm ET tonight.

So the billion dollar question - what happens after the halving?

What happens to Bitcoin?

Historically - nothing. At least for the first 5 months.

Based on this analysis which looked at the average returns from the prior cycles, movement in BTC price in the first 0-5 months post-halving is very slow.

It speeds up in months 6-8 and then rockets after month 8.

So if this cycle plays out like the average of prior ones, Q4 is when the action begins.

And fireworks in Q1 2025.

Feels like forever away, but a fun plan nonetheless.

Now that's just analysis based on past cycles. This cycle may be totally different with the ETFs now playing a major factor, along with a very volatile geo-political backdrop.

But the concept should apply. Reduction in daily sell pressure does not lead to an instant spike.

It makes a larger difference over time, not right away - which makes sense.

So plan accordingly.

What Happens with Runes?

The entire timeline has been nonstop Runes talk for the past few weeks.

So are they overhyped?

Perhaps, but attention is also incredibly important in the memecoin / utility coin streets.

And Runes have attention.

Here are my pre-runes power rankings headed into the halving:

1. RSIC
2. PUPS
3. WZRD
4. Runestone
5. Prometheans

One of the big open questions with the Runes launch is - will the UX be much of an improvement over the current BRC-20 UX?

Some think it won't be and are bearish for that reason.

I'll take the opposite side.

Infrastructure will be ready.

• Magic Eden is launching Runes trading support starting April 23
• OKX is launching an OKX Runes Market
• Ordinals lending protocol Liquidium will have Runes support

And that's not even factoring in any major CEX's (cough, Binance) listing one or more of the most hyped Runes.

Attention + more liquidity + a better trading experience seems like a winning formula for me.

Sure some of these leaders have already run to mid-9-figure market caps - but there is still room to run.

I'm long.

The other wildcard is infrastructure plays.

Runevo just launched NFTs that convert to runes and are tied to their mobile-first Runes product - plays like that could do very well pending adoption of their product.

So watch for those that spring up over the coming days and weeks.

What Happens with Ordinals?

Runes are certainly in the spotlight, but people still love flexing PFPs.

Ordinals are the most obvious rotation play for anyone making huge gains in Runes but still wants to play in the ecosystem (behind just going spot BTC of course).

And Institutions keep posting about Ordinals.

Franklin Templeton first, now Fidelity.

Attention is here and more is likely coming.

The wildcard - it's becoming prohibitively expensive to launch new 10k collections.

Yesterday Danny (OCM founder and well respected BTC thought leader) shared that it would cost $3.3M to inscribe a new 10k collection in the current gas environment.

And gas is expected to go up post-halving.

What does it mean? Less dilution.

And the current leaders are primed to be the recipients of any major rotations.

My Ordinals power rankings headed into the halving:

1. NodeMonkes
2. Bitcoin Puppets
3. Quantum Cats
4. OMB
5. Pizza Ninjas

I do think one or more winners on this list could level up (2x or more) over the coming weeks pending success of runes.

What's also notable about that list is there are no real projects in the 0-0.1 BTC range, meaning the market is ripe for a microcap(s) rally.

Conclusion

None of us know what will happen but it's fun to speculate.

In the scenario where Bitcoin chops / consolidates for the next few months, Runes and Ordinals likely both win.

At least that's my bet and I'm positioned accordingly.

It's going to be fun to watch. Good luck out there, and see you on the otherside of the halving.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• Bitcoin led NFT trading volume with $19.7M on the day (+46%); ETH was next with $7.8M (+10%) and then Solana with $6.1M (+30%)
• Runestone led the BTC NFT board again though falling 25% to 0.068 BTC after Leonidas did a fundraise to go after runes 1-10; Pups and Nodes held eve
• RSIC was a winner in the Runestone fallout, jumping to 0.078 BTC with just 12 hours of mining left; Prometheans held strong at 0.03 BTC
• Bitcoin Wizards jumped to 0.395 BTC after Ansem touted WZRD and it surged 50% to $12 ($257M mc)
• ETH NFT leaders were mixed with BAYC (-1%) and MAYC (-4%) but Pudgy +3%, Azuki +3% and Milady +2%
• Mintify Genesis was a notable winner, jumping 117% to 0.15 ETH
• Solana NFTs were very red on the day; Mad Lads -14% at 105 SOL, Tensorians -4% at 16; free mint Theory of Gravity runs to 1.5
• XCOPY's "$LAVE" sold for 315 ETH ($967,000) to notable collector BatSoup
• ACK's "but wait...my bags!" sold for 28.69 ETH to another notable collector Bharat Krymo

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token or airdrop news from the day:

• $WZRD outperformed in BRC20s, jumping 50% to $12 after an Ansem tout, now just a 2x behind PUPS
• The $PUPS team announced a partnership with OKX to feature the token on OKX Runes Market launching post-migration, along with a partnership with Liquidium
• Thruster announced a $7.5M seed round led by Pantera, using the money to focus on yield and DeFi products and better onchain UX
• NFTfi and NFTX announced a partnership to work on NFT financialization and composability

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are very green this morning after Bloomberg reported the Israel Iran conflict may be over; BTC +3.7% at $65,000; ETH +1.8% at $3,100; SOL +7% at $145
• Memecoin majors were green with WIF and BODEN outperforming; DOGE +3%, WIF +17%, PEPE +4%, BODEN +25%; several Solana memes up 25%
• Coinbase will add WIF perp futures to its International and Advanced exchanges starting April 25

🚀 Memecoin Movers 

• $APED (+450%, $15M market cap, Base)
• $MICHI (+95%, $18M market cap, Solana)
• $HARAMBE (+56%, $21M market cap, Solana)
• $DEGEN (+28%, $1.2BM FDV, Base)
• $SC (+32%, $110M market cap, Solana)

📈 NFT Floor Price Increase (ETH)

• Mintify (117%, 0.15 ETH Floor)
• Beeple Spring Collection (65%, 6.69 ETH)
• Proof of Narnia (53%, 0.69 ETH)
• Mittaria (21%, 0.2 ETH)
• Persona (20%, 0.22 ETH)

🗓 Upcoming NFT Mints and Reveals

Today is a huge day with the halving coming around 6:30 pm ET and the potential launch of Runes immediately after.

The last slate of Ordinals are minting ahead of a likely pause in the coming days (due to gas spikes), with The Ones a likely highlight today.

Bold Leonidas is the Memes card artist so expect some extra demand on that one.

See the full list and dive in for more details with Swizzy's daily mint monitor. 

• Ordinal x Tribes (10:00 a.m. ET)
• The Ones (10:00 a.m. ET)
• Karmastone (10:00 a.m. ET)
• Memes by 6529 (11:00 a.m. ET)
• Halvinals (11:00 a.m. ET)
• Based Bits (1:00 p.m. ET)
• The Halving (6:30 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.

Binance is launching Binance Megadrop, a token launch platform that merges airdrops with interactive web3 quests to enhance user engagement and provide exclusive access to new web3 tokens. 

The Deets

• Engagement Through Education: Complete tasks via the Binance Web3 Wallet for early access to tokens.

• Token Introduction: The debut token, BounceBit (BB), integrates BTC restaking mechanisms.
• Reward Structure: Megadrop participants can earn up to 168 million BB tokens.
• Access Method: Users must subscribe to BNB Locked Products and finish specified Web3 quests.

The Bulk

Binance Megadrop aims to redefine the web3 airdrop experience by incorporating elements of Binance Simple Earn and the Binance Web3 Wallet into a single, cohesive platform. This approach allows users to engage with new web3 projects like BounceBit (BB) before they are officially listed on the exchange for trading. 

By subscribing to BNB Locked Products and completing designated web3 quests, users can accumulate scores, which determine their share of the available tokens. For BounceBit, the platform's first launch, 168 million BB tokens are set aside as rewards. 

Founder Feedback

🎬 Take Action

Binance users in supported jurisdictions can find Megadrop in the "more" section of their account panel. 

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For more web3 and NFT news, visit the Lucky Trader newsfeed.

Worldcoin unveiled World Chain yesterday, a blockchain built for humans, to enhance the efficiency and user experience across the globe.

The Deets

• Dedicated Network: Transitioning Worldcoin transactions to World Chain to manage increasing user demand and network stress.
• User Verification: Integration of World ID for transaction prioritization and gas allowances, enhancing user engagement and security.
• Scalability and Efficiency: Plans to scale to 1 billion users by improving transaction speeds and costs, reducing blockchain congestion.
• Developer and Community Support: Introduction of community grants and partnerships to foster development on World Chain.

The Bulk

Worldcoin is taking on an ambitious goal with the launch of World Chain, a blockchain designed for humans.

Transitioning to World Chain, Worldcoin aims to alleviate the strain on the Optimism Mainnet, where it currently accounts for approximately 44% of all Layer 2 gas consumption. This shift will not only cater to existing demands but also ensure scalability for future growth, projecting a target of one billion users.

World Chain will feature user verification via World ID, which allows for anonymous yet verified transactions, giving human users priority in transaction processing and an allocation of free gas. This move is aimed at reducing the prevalence of unproductive bot activities which often clog the network.

For developers, World Chain will offer a conducive environment for creating apps that leverage World ID's sybil resistance, focusing on decentralized finance and identity utilities. The network promises to support innovations that enhance everyday utility for its global user base.

🎤 Community Quotes

💰 Humanity Talks

Users verified through World ID will enjoy benefits such as transaction prioritization and gas allowances, which are part of Worldcoin's strategy to make blockchain technology more accessible and affordable for ordinary users.

🔜 What's Next?

Worldcoin is gearing up for a developer preview of World Chain soon, with a full launch expected later this summer. Community members and developers are encouraged to engage with the upcoming features and explore potential partnerships.

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For more web3 and NFT news, visit the Lucky Trader newsfeed.

TylerD's Market Summary

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🏀 NBA Top Shot Sets New Record with Victor Wembanyama

Victor Wembanyama has been setting records on the court throughout his star-studded rookie season in the NBA.

Now he's setting them off the court.

With help from NBA Top Shot.

What Happened?

Yesterday NBA Top Shot announced that the Victor Wembyama 1/1 (the Ultimate Rookie Pack) sold for $145,000.

It marked a new ATH sale for a Wemby digital collectible, following the Sorare 1/1 card sale of $110,333 back in December 2023.

The sale is also the 5th highest all-time for NBA Top Shot, and the highest sale for any non-Lebron Moment.

It's a pretty big deal.

And the sale is generating momentum at a great time as Top Shot plans for the Playoffs.

What's Next

NBA Top Shot has big plans in store for the NBA Playoffs this year.

Plans include:

• Bringing back Redemptions (each team will have 3), gamifying the playoff collecting experience
• Launching Rare packs ($149) with a shot at a new 1/1 Moment for Dereck Lively II (and earning Ultimate Chaser Packs down the line)
• Giving new rewards for predicting the playoff winners and collecting all the playoff Moments from the NBA Champ
• Providing NBA Finals Tickets for a few lucky winners of pack purchase raffles

Overall, Top Shot is making the collecting experience fun, gamifying it with the Redemptions twist, and giving out cool new prizes (1/1s and Finals Tickets) along the way.

What's not to like?

Learn more when Jacob Eisenberg joins our X spaces The Lucky Lead today at 10 am ET.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• Bitcoin led NFT trading volume with $12.9M on the day (-25%); ETH was next with $7.13M (-3%) and then Solana with $4.9M (eve)
• Runestone led the BTC NFT board again and jumped 10% to a new ATH of 0.089 BTC; most of the other leaders chopped on the day
• RSIC briefly spiked to 0.075 BTC after Memeland CEO 9gag swept 21 (now back to 0.064)
• CyberKongz airdropped Prometheans to its holders and random Ordidals holders, with Prometheans reaching a 0.028 BTC floor on 82 BTC volume
• ETH NFT leaders were very green led by BAYC (+9%) and MAYC (+15%)
• Yuga Labs dropped the bombshell that it sold the HV-MTL and LOTM assets to Faraway, who will carry the IP forward
• v1 Punks led top movers jumping 50% to 2.14 ETH; Hashmasks, DeFi Aes and Animus Eggs all saw solid green as well
• Solana NFTs were slightly red on the day; Mad Lads -2% at 122 SOL, Tensorians -3% at 17, Jeo Bodens -23% to 4.6 SOL
• Jack Butcher's Oviator sunglasses claim went live for NFT holders at oviators.com
• Art Blocks announced its Marfa Weekend dates as November 14-17

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token or airdrop news from the day:

• Nim Network released a new wallet claim checker, indicating wallets could see as much as a 20% boost in $NIM
• Pulsr announced a $PULSR airdrop for Mad Lads and Backpack users
• $ARCD rebounded 80% on the day to a $3.2M market cap, briefly soaring as high as +200% before dipping
• CyberKongz airdropped its Pre-runes NFT Prometheans to holders, reaching 0.028 BTC ($1,730)
• STFX recorded its biggest volume to date, reaching $190M lifetime volume & spiking after its $2M Battle Royale trading competition went live
• Binance introduced Binance Megadrop, as a new token launch platform which allows users to stake BNB and complete web3 quests for airdrops

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are slightly red this morning but up big from yesterday's dip; BTC -0.5% at $62,700; ETH -0.5% at $3,050; SOL -1% at $136
• Memecoin majors fell on the day; DOGE -5%, WIF -3%, PEPE -4%; PONKE outperformed on Solana (+47%), Normilio on Base (+37%)
• Worldcoin announced an EVM-based World Chain as "a blockchain designed for humans," meaning verified humans will get priority over bots, launching summer 2024
• Kraken released a new multi-chain wallet, including support for Bitcoin, Solana, ETH and Polygon (at a minimum) across NFTs and DeFi
• Ernst & Young announced plans to use Polygon PoS and zk proofs to manage its business contracts

🚀 Memecoin Movers 

• $PONKE (+47%, $88M market cap, Solana)
• $NORMILIO (+38%, $18M market cap, Base)
• $GOAT (+37%, $20M market cap, Solana)
• $FUNGI (+29%, $450M market cap, Base)
• $BOME (+12%, $638M market cap, Solana)

📈 NFT Floor Price Increase (ETH)

• merge (89%, 0.07 ETH Floor)
• RumbleKongLeague (56%, 0.34 ETH)
• v1 Punks (50%, 2.14 ETH)
• Hashmasks (40%, 0.09 ETH)
• Otherdeed (23%, 0.19 ETH)

🗓 Upcoming NFT Mints and Reveals

Today is another busy day of drops mostly focused on Bitcoin as teams do a final push to drop their collections ahead of the halving.

The highlight elsewhere is likely Oh Baby Games opening up their beta for broader game play.

See the full list and dive in for more details with Swizzy's daily mint monitor. 

• Genki (7:00 a.m. ET)
• Everyday Satoshis (9:00 a.m. ET)
• Kitsune (9:00 a.m. ET)
• Whitters - ordAR (11:00 a.m. ET)
• Oh Baby Games - Open beta (12:00 p.m. ET)
• Nathaniel Stern - forevery (12:00 p.m. ET)
• Kodamara Fusion (4:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.warner@luckytrader.com.