Morpheus Celeste Learning - NFT June Monthly Full Update - 2022

Please join Tim Lea & Michael Hamilton to discuss what is happening in the world of NFTs from 01-June to 30-June.

Today we cover:
- NFT market capitalisation ranging from $10B to $15B USD.
- Macro global economic events playing a role in market performance
- Monthly OpenSea sales down 75% from October 2021 levels.
- Overall investment in blockchain and crypto is down, but deal counts remain high for virtual marketplace NFTs and gaming.
- Poor performance of Celsius lending platform in the crypto eco-system reducing confidence further in the market.
- Celsius event attracting the eye of regulators.
- Market manipulation by key players shorting the market further depressing an already depressed market.
- NFT bear market conditions demonstrating qualitative issues with the market
- Concern that over regulation will hurt innovation in the blockchain and crypto space within the short term.
- On top of venture capital investment. Traditional Web2 businesses now making partnerships and investment in Web3 platforms.
- Strategic venture capital and private investment high regarding long term outcomes
- NFTs considered a key influencer of crypto achieving mainstream adoption without users knowing they own any

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Linkedin Profiles:
Tim Lea: https://www.linkedin.com/in/mark-montoya-6a9aaa7/
Michael Hamilton: https://www.linkedin.com/in/michaeljameshamilton/

If you have any further questions, please reach out to the team at Morpheus via our website.

Web: www.morpheusanalytics.com
Linkedin: https://www.linkedin.com/company/morpheus-analytics

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Morpheus Analytics focuses on delivering blockchain and cryptocurrency solutions through education and business intelligence dashboards.