May 13 - 17: This week in NFTs, recapped in one letter

Gm,

It's been a wild week with memes, FantasyTop and Farcaster ruling the roost. American politicians are battling over crypto (Senate votes to repeal SEC's anti-crypto banking rule), and BTC spot trading is coming to the CME (the world's largest futures exchange) 🐂🐂🐂

In the NFT world, Pudgy Penguins is making waves (again). They sold 1 million toys in the past year and announced a strategic partnership with South Korean giant Lotte Group. Plus, Pudgy toys are now available at Target and GameStop.

And let's not forget GameStop! The return of Roaring Kitty (aka Keith Gill) to X has sparked renewed hope in crypto and NFTs due to his previous influence on the GameStop short squeeze saga back in 2021. Long live the memes!

We’re SO early, frens. Onchain summer is just around the corner, and while we wrap up the week, we’re also seeing web3 gaming picking up!

Which brings us to today’s drop on Rarible.com. Kromatic Isles by the RPG Deverse World is minting now! The collection features 5000 unique, modernized Celestial-tiered isles on the Kroma chain. Explore and battle through these floating islands in the infinite world of Deverse.

WE’RE SO BACK. Or are we still early? Sentiment is mixed, but there’s definitely potential for a resurgence of meme culture—a driving force for NFTs.

• DeGods changed plans (again). Franks says season 3.33 is not happening and art upgrades are canceled.
• 9GAG of Memeland announced HKD 100k ($12k) bonus for employees for each newborn. The Captainz and The Potatoz are amongst the only ETH collections with green floor and volume this week.
• New Punks on the block! CryptoPunks announced new PFP collection with Nina Chanel coming soon.

7 years after its last sale, Crypto Punk #741 became this week’s top NFT sale. It switched hands for 207 ETH (around $792,046).

Summer is coming. Make your plans.