ETH can't be stopped!

In other words, happy Friday eve! Power through today so you can celebrate tomorrow!

Today's issue is a quick three-article newsletter covering some exciting news that many have yet to discuss. As always, please enjoy. :)

- Hunter Maier

• PUBG developers to build NFT games.

• ETH’s beautiful bull flag setup.

• New Meta trademarks, and what they mean.

• MURI by Haus - Floor Price: .685 ETH

• World of Women - Floor Price: 12.1 ETH

• CrypToadz - Floor Price: 3.68 ETH

• (B)APETAVERSE - Floor Price: .71 ETH

NFT games have become exceedingly popular, with new games popping up nowhere. Some great, and some not so great *cough* Pixelmon *cough*. NFT based games like Axie Infinity and RaidParty Fighters have made waves in the NFT space as some of the best forms of alternative investing. 

Krafton, the company behind the famous battle royale game Player Unknown Battlegrounds, signed a contract with Solana Labs to advance the further development of NFT games on the Solana blockchain. 

This partnership isn't Krafton's first endeavor into web3. According to Krafton's official site, last month, the company announced that they were exploring web3 technology to establish their future ambitions further.

While what exactly Krafton intends to develop through the partnership has yet to be announced, you can believe that the company won't disappoint. Through PUBG, the company has developed a loyal base of dedicated fans who believe and trust in Krafton to innovate with new and exciting games continually. 

Amid Ethereum's recent upside move, the currency just formed and broke a respected technical pattern on the hourly time frame. This, in combination with a retracement to the nine exponential moving average indicator, led to the upside move following the previous price action.

In English:

A bull flag is a technical pattern that many traders use to predict future price action. The setup occurs when price action consolidates and or gradually sells off after a strong push in upside momentum. Once the short period of bearish momentum is over, the bulls retake control resulting in an upward push.

More on bull flags here!

The exponential moving average is a commonly used indicator among traders that measures momentum and price action over a given period. Retracements to these indicators will sometimes be support zones when bullish (or bearish) momentum is present.

More on exponential moving averages here!

A recent tweet by trademark attorney Mike Kondoudis showed off some of Meta's trademarks revolving around its logo.

A recent tweet by trademark attorney Mike Kondoudis showed off some of Meta's trademarks revolving around its logo.

At first, I was surprised to see all the new goods/services that the trademark applications intend to cover. After some thought, it ultimately makes sense. Like the Sandbox and now Bored Ape Yacht Club, an ecosystem's dedicated currency acts as a decentralized backbone of a given metaverse.

If Meta intends to be the future's most prominent web3 metaverse, the items listed above are necessary.

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!