GM. This is the Milk Road. The daily newsletter that serves you hot & fresh crypto news like your favorite coffee shop serves you your morning latte.
We'll even add a cool design to it too.
Here's what we're serving today:
- Weekly Recap: 3 Winners & 1 Loser
- Meme of the Week
WEEKLY RECAP: 3 WINNERS. 1 LOSER
Another week in the books. And it was an eventful one...
The Fed raised U.S interest rates, again.
Instagram is turning into an NFT marketplace.
And I found my second AirPod (finally).
Week 44 of 2022 was crazy. So just in case you blinked and missed something, we're coming at ya with the Weekly Recap: 3 Winners. 1 Loser.
Let's start with the Winnersβ¦
1ST PLACE: POLYGON
Polygon has had a big year for partnerships. They've teamed up with Reddit, Starbucks, Mercedes-Benz, and more.
The Biz Dev team is like Mario after getting one of those stars - they can't be stopped.
And they added 2 more big partnerships to their resume this week:
- JPMorgan (the world's largest bank) used Polygon to make its first-ever DeFi trade. It was the first time a traditional bank completed a DeFi trade on a public blockchain
- Instagram is using Polygon to support creating, minting, buying & selling NFTs directly on the app
Polygonβs token ($MATIC) was up 26% this week.
There are only 8 weeks left in 2022 and Polygon is making a strong case for MVP of Crypto this year.
2ND PLACE: ARBITRUM
Arbitrum is one of Ethereums most popular Layer 2s. That's right, Ethereum has layers like the dip you're eating for Football Sunday.
And Arbitrum had a big week:
- Had 62% of the weekly transactions of Ethereum
- Total Value Locked (TVL) jumped to $1bn+ (more than Solana & Optimism)
- 282k weekly active users (150% growth since last month)
So what's with all the hype? The sweet, sweet smell of an airdrop is in the air.
Many are speculating Arbitrum could drop a token soon, so people are trying to use it as much as possible to claim the free airdrop.
3RD PLACE: SOCIOS FAN TOKENS
The World Cup starts in 2 weeks.
Some prep for it by practicing how long they can say "GOOOOOOOL".
Others in crypto are prepping for it by buying fan tokens.
And Socios has been at the center of all the action. Their token (Chiliz) was up ~42% this week.
The top soccer tokens were also up big.
- Argentina's Fan Token: +59%
- Portugal's Fan Token: +51%
- Spain's Fan Token: +16%
With the World Cup right around the corner, fan tokens are one of the top trends to keep an eye on.
HONORABLE MENTION: HOUSTON ASTROS
The Houston Astros just beat the Philadelphia Phillies to win the World Series.
And they may have saved us all from a global crisis π
That's because every time a Philadelphia baseball team wins the World Series it's followed by a global crisis.
Well, they lost. So that means we're saved right...? RIGHT?!
Now, onto the biggest loser of the week...
BIGGEST LOSER: NFT LONDON
My researchers tell me there was a big NFT conference in London this week. But turns out no one got the memo...
You could count the number of people there using one hand. (No, the tech team & the speaker's parents don't count)
NFT London yesterday was a bit sad. Big empty rooms.
β drnick (anti-crypto arc) π³οΈΒ² (@DrNickA)10:13 AM β’ Nov 5, 2022
Tough crowd, I tell ya.
TODAY'S EDITION IS BROUGHT TO YOU BY INFINITY
Wanna know the secret to NFTs? Buy cheap listings before anyone else.
But thereβs a problem: to stay ahead of other traders you need 20 tabs open and have to stay glued to your screen at all times. You end up feeling like thisβ¦
Introducing Infinity - the worldβs first automated NFT trading engine. It fulfills buy orders on a first-come, first-served basis by sourcing liquidity from all major marketplaces like OpenSea and x2y2.
With Infinity, you can:
- Specify your buy orders via a fluid UI
- Set collection-wide & multi collection-wide offers
- Get rewards for trading NFTs on the marketplace
Itβs as simple as that. Say goodbye to staring at screens all day, and say hello to Infinity.
Follow them on Twitter and Discord to be the first to know about their upcoming release. It's gonna change NFT trading forever.
MEME OF THE WEEK
ππ
That's a wrap for the weekly recap. Stay thirsty & see ya tomorrow!
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A ROADERS REVIEW
VITALIK PIC OF THE WEEK
Got Milk?
β The Milk Road (@MilkRoadDaily)4:23 PM β’ Nov 6, 2022
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
