NiftyNoon: Where Do CDBs Go From Here?

The popular meme NFT faces an existential crisis as its leadership prepares to leave (August 1, 2023)

Nifty Thought

• CDBs have been an integral part of NFT culture since inception. With the meme itself existing beyond the confines of crypto Twitter, they have held a soft spot in the hearts of many crypto natives as one of the “decentralized” meme projects akin to mfers and miladies. However, just as we have seen with those other meme projects, CDBs were not truly decentralized. The creator of the collection has initiated a sale of his involvement through a novel season 4 mint. The entity that accumulates the most season 4 CDBs will essentially take over the project’s social media, multi-sig spot, and a large treasury of CDBs.

• The bear market has been tiresome and the desire for founders, even meme founders, to exit is perfectly understandable. This is likely foreshadowing what is likely to come with even more projects as founders continue to leave the space over time to pursue other ventures. Only those with a true belief in the space will remain. In the context of CDBs, this exit may not necessarily be a terrible thing for the project. If the acquirer is aligned with crypto-native principles and embraces the memetic nature that allowed CDBs to thrive, the project may ultimately benefit from this transition.

Highlighted News

• Recap of what is happening and what the future may hold for one of crypto's most iconic NFT collections- CDB’s:

  

  https://twitter.com/thegolden_eel/status/1686065245369040897?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• Yuga Labs is acquiring Roar Studios, a music and metaverse startup:

  

  https://twitter.com/yugalabs/status/1686077596537143304?s=20

Project and Community News

• The SEC asked Coinbase to halt trading in all cryptocurrencies other than bitcoin prior to suing the exchange:

  https://twitter.com/dylanleclair_/status/1686030799664017409?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• K11 X Azuki mooncake collaboration:

  https://twitter.com/k11musea/status/1686044234850439169?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• Memecoin worth $100m at its peak on Coinbase's new Base chain just rugged:

  https://twitter.com/thiccythot_/status/1686024695865360384

• Jack Butcher shares next in the hopper, set submission:

  https://twitter.com/jackbutcher/status/1686090944653725696?s=20

• Summary of $ bald recent developments:

  https://twitter.com/hype_eth/status/1686126115947941890?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• The First @veefriendscards Tournament- Collector’s Cup Recap:

  https://twitter.com/veefriends/status/1686150434119901184?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• The Parallel Beta is now live:

  https://twitter.com/paralleltcg/status/1686138878728826880?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• @Uniq_cx site and its iconic floor price candlestick charts will go offline in 30 days:

  https://twitter.com/mrmallory_/status/1686071616554332160?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• Grails IV mint date- 7th Aug:

  https://twitter.com/grails/status/1685968555286663169?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

• ETH NFTs did just 11,900 ETH of volume over the weekend:

  https://twitter.com/punk9059/status/1685985484357750784?s=46&t=Hb-nBT0zonE82bFfQEj7Cg

Quick Stats:

• Blur ETH Daily Volume: 4,402 ETH (▲ 24.63%)

• OpenSea ETH Daily Volume: 1,450 ETH (▲ 5.99%)

• BTC: $28,885.74 (▼ 1.85%)

• ETH: $1,833.35 (▼ 1.96%)

• Solana: $23.38 (▼ 4.74%)

• Polygon: $0.68 (▼ 3.00%)

NFT Daily Winners:

• 🐈‍⬛ VeeFriends: 1.90 ETH (▲ 11.12%)

• 🏴‍☠️ Captainz: 4.95 ETH (▲ 5.32%)

• 🦉 Moonbirds: 1.65 ETH (▲ 3.12%)

• 🐧 Pudgy Penguins: 4.35 ETH (▲ 1.19%)

• 🏳️‍🌈 Chromie Squiggles: 10.56 ETH (► 0.00%)

NFT Daily Losers:

• 🌈 Doodles: 1.51 ETH (▼ 0.96%)

• ⛰️ Otherdeeds: 0.61 ETH (▼ 1.71%)

• 🧟 Mutant Ape Yacht Club: 5.64 ETH (▼ 1.72%)

• 🦧 Bored Ape Yacht Club: 29.14 ETH (▼ 1.73%)

• 👩🏻 Milady Maker: 2.67 ETH (▼ 1.85%)

• 🚬 CryptoPunks: 46.95 ETH (▼ 2.07%)

• ⛩️ Azuki: 4.97 ETH (▼ 2.44%)

• 🧬 Clone X: 1.53 ETH (▼ 7.23%)

Notes:

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