BAYC does NOT welcome Snoop Dogg's ideas...

Hey everyone, and welcome to another issue of NFToday!

Completely unrelated to web3, I went to a garage sale today and snagged a super sick Patagonia fleece for the low price of $3.

It was the highlight of my day! 🤩

Now, back on track and on to the news!

- Hunter Maier

🦍 ApeCoin DAO's failure of a proposal...

📈 Continuing to hold nicely!

🏀 Dwayne Wade's new NFT!

Otherdeeds - 2.93 ETH

Azuki - 13.87 ETH

Doodles - 14.44 ETH

Dooplicator - 3.47 ETH

Note: Floor prices of these may or may not be different when reading this!

A few days ago, a proposal from ApeDrops was made within ApeCoin's DAO to fund their NFT marketplace Ape Drops. After just a few hours of the proposal going public, investors weren't thrilled with the submission's outrageous fund allocation.

For those unaware, ApeCoin (an ERC-20 token created to be used within the APE ecosystem) provides holders access to governance through the ApeCoin DAO.

A DAO or Decentralized Autonomous Organization is essentially a token gated club exclusive to holders of a given asset who work collaboratively to achieve goals proposed by members.

ApeDrops is a newly created NFT marketplace created to serve the ape community. They've worked with the likes of Snoop Dogg, Wiz Khalifa, and Strangeloop to release one-of-a-kind NFT art, music, and merchandise.

The full proposal can be read here!

While there was nothing inherently wrong with the proposal's motivation, rationale, and overall goal, many found the kicker to be the project cost, which was estimated to be two million!

As it currently stands, the proposal sits at:

• Against - 4.5M Ape (96.54%)

• In favor - 161K Ape (3.46%)

Bitcoin has been consolidating just above $30,000 for a few days now, and it’s getting ready to pick a direction. The real question is, what direction?

At the moment, it looks as if it could go both ways…

In a bullish sense, Bitcoin price action:

• is holding a VERY significant support level.

• formed a bullish hammer wick.

• is hovering above “oversold” territory on the weekly chart.

In a bearish sense, Bitcoin price action:

• is currently rejecting the 9 EMA (represented by the blue line).

• recently broke below the $30,000 level.

• is having trouble surpassing above $32,000.

Today’s stock market sediment will likely decide the direction in which Bitcoin goes from here.

Let’s hope the bulls are feeling generous!

Recently retired NBA star Dwayne Wade partnered up with Budweiser to release the Budweiser NFT collection.

Two years ago, Wade co-founded Budweiser Zero, a nonalcoholic, low-calorie alternative to beer. This, in Budweiser's eyes, made Wade the perfect candidate to contribute to its ever-growing "Budverse."

Since Budweiser's entrance into Web3, the beverage mega-giant has gone to:

• Acquire "beer.eth"

• Host an NFT Beerfest

• Send out a beer day airdrop

• Create "beer.eth" merch

With more to come, you can check out the 2022 "Budverse Roadmap" here:

The Dwayne Wade X Budweiser NFT releases May 24 at 2 p.m. ET. for information can be found here:

Rate today's newsletter:

• 👍 IT WAS INCREDIBLE!!!

• 😐 It was alright!

• 👎 Could've been better.

Nothing mentioned in this newsletter is financial advice, we are NOT financial advisors. NFToday was created with the intent to entertain those who choose to read and be a part of the community!