💣 NFTs Will Take Off, What About NFTFi?

A weekly recap of the largest crypto events and narratives, with an extra dose of insight.

Here’s what we have for you:

• DYDX unlocks

• QuickNode QuickAlerts

• Coreto’s decentralised reputation system

• Liquid credit tokens backed by NFTs

• Fiat24’s crypto bank account

• Relative Prediction Pools

Hey Raiders. Lets get straight to it. DYDX unlocks are happening today, with 150M new tokens entering the supply. That’s in the context of the current 180M circulating supply, so for all intents and purposes, you might as well count it as 100% inflation in one day.

$SEI is up bigly upon the launch of SEI v2, and I think if other parallelised virtual machines launch tokens right now, those would do really well. Wormhole announced a $225M funding round at a $2.5B valuation, so you better start farming that airdrop cause the token valuation could be pretty nutty.

-RektRadar

QuickNode QuickAlerts

Bull markets move fast, and users have to be able to move faster. Given the recent market volatility, and the explosiveness in everything from memecoins to NFTs, a tool that leverages real time blockchain data for advanced alerting is a trader’s dream come true.

That’s exactly what QuickNode has built with QuickAlerts. Now users can receive real-time, and more importantly, actionable alerts for onchain events. Follow certain smart traders? Set an alert for when they transact. Like Pudgy Penguins? Get notified when an NFT is trader. Keeping track of an unlock? Get an alert whenever supply is added to a token.

Coreto’s decentralised reputation system

• Reputation is important. We all know social reputation is a key driver of interactions. Why does the same not exist on the blockchain? Well it does, and it’s been built by Coreto.

• Its Decentralized Reputation System considers trust (social interactions) and performance (data driven past results). This reputation-based ecosystem will be integrated into everything from social platforms to gaming platforms.

Liquid credit tokens backed by NFTs

• What’s better than NFTs? The ability to borrow against them. But what if no one wanted to lend ETH out? Well the solution is simple, let users lock up stETH for NFT yield.

• This is a large unlock because it lies at the intersection of NFT + LSDFi, two of the hottest narratives of the upcoming bull market. Now, everyone that wants to borrow against their NFTs going to the moon can do so.

Fiat24’s crypto bank account

• Ever wish your wallet could be a bank account? Today, that’s now made possible by Fiat24. Fiat 24 has opened an account with the Swiss National Bank, thus allowing anyone to move fiat currencies through the Swift system, but booked on Arbitrum in real-time.
  

• With that, any non-custodial wallet is transformed into an e-banking account. This is the real world connection crypto has been missing. With that, they have 18K users, 1K Visa cards distributed, and tons of partnerships waiting to be announced.

Relative’s prediction pools

• We’re all here to gamble aren’t we? Why not do it on Relative’s gamified options platform, prediction pools. Options trading has historically been siloed off for professional investors, however retail can now access it on Relative’s platform in a gamified manner.

• Users bet on predefined price ranges, and can bet within these price ranges with tickets. From there, if the price ends within a price range upon option expiry, you win! What a fun product.

1. Go trade NFTs on HyperLiquid

2. Earn more yield on your stETH with Cega

3. Try out StakeWise V3

4. TokenSight’s airdrop snapshot will be on December 8th

5. EVM on Bitcoin? L2 szn with Botanix Labs

Memecoin season is in full force. And the ultimate meme lord, Elon Musk, is back.

Telegram bot’s are still all the rage. Well you know what’s better than telegram bots? Telegram bots in a ecosystem catching the narrative bid.

NFTs NFTs NFTs. Don’t say I didn’t warn you.

Important DeFi updates of the week. Notable ones are Jito’s airdrop and Wormhole’s raise

HyperLiquid’s NFT Index following the NFT bull market trade

ESports giant Team Liquid is teaming up with Illuvium. Will the $ILV bid continue

What could the best investment of this cycle be? Could the obvious ponzi schemes do the best?

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