Snapchat NFTs?

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- Hunter Maier

• Snapchat NFTs?

• Bounce + Flag

• OpenSea's Layoff

In the past year, NFTs have taken social media by STORM!

The platform's currently experimenting with web3 tech include:

• Twitter

• Instagram

• Facebook

• Reddit

And it's no surprise that Snapchat wants a piece of the pie.

Yet, not in a way, you'd typically expect. Using one of Snapchat's most notable USPs, the platform intends to take NFT wearables to a whole new level! With, you guessed it, augmented reality, otherwise known as AR.

Anything from T-Shirts, Sunglasses, to Hats, you name it, Snapchat can digitally recreate it!

Alongside the NFT integration, Snapchat is also scheduled to release a fully wireless AR pair of sunglasses that they deem "Spectacles."

As an avid Snapchat user, I'm really excited to see how they go about this!

As ETH continues to rubberband between $1,000 and $1,300, we saw some excellent bullish price action following a bounce off support.

Alongside its bounce, ETH is currently forming a beautiful hourly bull flag.

While it might be a little early to assume this is the bottom, things are looking up for ETH and other notable currencies (in the short term at least)!

As always, stay patient! I'll keep you updated!

According to a recent tweet made yesterday morning, OpenSea's co-founder and CEO Devin Finzer announced a 20% staff layoff due to the current circumstances of the market.

"...the reality is that we have entered an unprecedented combination of crypto winter and broad macroeconomic instability, and we need to prepare the company for the possibility of a prolonged downturn. The changes we're making today put us in a position to maintain multiple years of runway under various crypto winter scenario..." - Devin Finzer

Read the full tweet here!

Alongside this statement, he reassured the community that OpenSea isn't going anywhere and will remain Web3's dominant NFT marketplace.

OpenSea isn't the only platform affected by the market's current conditions:

• Three Arrows Capital filed for bankruptcy

• Celsius currently owes over $4.7 billion

• CoinPayments is ceasing operations in the USA

This market is brutal, to say the least; stay vigilant, frens!

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