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Select NFTs Shine, RAI Proves Stable, DAO Updates

Sep 30, 2021 · 4 min read

By Ashwath Balakrishnan

Market Update

Crypto has been in the green for two consecutive days now. Unlike yesterday, today’s bounce on majors actually looks somewhat convincing. Axie Infinity announced AXS staking today, and Terra successfully upgraded to Colombus-5 (Cosmos interoperability) a few hours ago. Macro concerns continue to loom as the S&P 500 opened the day in the red.

Asymmetric Risk-Reward?
The NFT market is a tough nut to crack. But when you win, you typically win big. Some of the best returns in the sector have been via newer projects, such as Bored Apes and Cool Cats. Older collections like ArtBlocks’ Squiggles, however, have also performed very well, with a 100x return YTD, as measured by the average price of secondary market sales. Finding the NFT project that’s going to catch collectors’ eyes is a task and a half. But considering base prices tend to be low at inception, the ability to roughly identify what makes a winning collectible, cou

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