🍂 Can we possibly have a "Moonvember" for crypto this year?

🍂 Can we possibly have a "Moonvember" for crypto this year? 👷 Zora launches Nouns Builder to make starting NFT-Powered DAOs easier 🕹️ Gamestop's gaming NFT marketplace is now live

Good morning, frens.

While chasing the sun across the world we've landed in Lisbon this week, and what better place for guys like us to be than at the Solana Hacker House?

If you see us around, make sure to say "CompoundVEMP" and we might just give you a little something. ;-)

Here's what we have today:

🍂 Can we possibly have a "Moonvember" for crypto this year?

👷 Zora launches Nouns Builder to make starting NFT-Powered DAOs easier

🕹️ Gamestop's gaming NFT marketplace is now live

Can we possibly have a "Moonvember" for crypto this year?

Crypto experts are pointing to some signals that suggest a big move for crypto is coming, and that we could see a big green candle very soon. But is this just wishful thinking or could there be something to it?

The Network Value to Transactions (NVT) Ratio is one of the primary indicators being monitored by investors. NVTS Signal is a variation of the NVT Ratio that factors in a 90-day moving average (MA) of daily transfer volume. The NVT Signal is currently signaling that a big move is coming for crypto. The metric was introduced and popularized by crypto analysts Chris Burniske and Willy Woo. These NVT metrics currently suggest that a big move is coming for crypto. The price of BTC has increased ~450% on average in the last 3 years and with the current market conditions, many experts believe we could see a repeat of this kind of growth in the near future.

PlanB, the creator of the stock-to-flow model, also suggests that a major move in November could be in store. He illustrated this with a percentage of BTC in profit chart. Other experts that use the Wyckoff Method also see something big happening soon.

Some might say that Technical Analysis (TA) is just astrology for traders, and they might be right to some degree, however, there are many factors to consider when looking at charts. Sure, some of it might be subjective, but if you take the time to learn some of the basics, you can begin to see patterns that have played out time and time again.

But of course, while we all wish for a "Moonvember" to occur, only time will tell if it actually happens, and until then, we can only sit back and wait.

Zora launches Nouns Builder to make starting NFT-Powered DAOs easier

When ETH-based project called Nouns first came out, it was quite innovative as the devs discovered a new method of raising money and involving the community by using daily NFT auctions. They've successfully raised millions of dollars' worth of ETH since then. Now, the Zora NFT platform is expanding its capabilities by giving almost anyone the ability to create a similar DAO that uses NFTs with a tool called "Nouns Builder."

The developers promise that it’s a no-code, open source and free to use tool used create your own Nouns-like organization that can use NFTs for a variety of purposes from artwork and collectibles to access passes and other memberships. And all the while, the people who buy into your NFTs will be controlling the treasury. Talk about decentralization!

The way this project got into being is also very much in line with the way crypto goes. Nouns started as a fork of Zora's auction house contract, so Zora thought it was only natural to expand on that idea and give users the ability to create their own Nouns-like DAOs.

Building DAOs around NFTs is a great way to use the unique capabilities of this new technology while also giving people a way to invest in projects they believe in and have a say in how their money is spent. Hopefully, we'll see more and more use cases for NFTs emerge as this technology matures.

Gamestop's gaming NFT marketplace is now live

If you ever called GameStop a BoomerStop and thought the time of the video game store was coming to an end, think again. The company has found another way to stay relevant: by getting into the NFT market.

GameStop's NFT marketplace is now live, it is built on the Immutable X which is a Layer 2 Ethereum scaling protocol. The move could help GameStop stay relevant in an industry that is rapidly moving towards digitalization and NFTs.

The company is now a major player in the NFT gaming industry, rivaling crypto-native gaming NFT platforms like Fractal, founded by Justin Kan of Twitch. GameStop's marketplace will offer assets for Immutable X games, such as Gods Unchained, Guild of Guardians and Illuvium, in addition to other web3 games. Using Immutable X's Ethereum scaling, all transactions will be fee-free and offer carbon-neutral minting.

So GameStop is now a player you have to contend with if you're in the NFT space. The rapidly growing industry just got a little more competitive.