While large parts of the northern hemisphere were battling with a record heatwave, the Cryptosphere was hit with another Winter. In the wake of a broader economic crisis – war in Ukraine, increasing inflation, tumbling tech valuations – total global cryptocurrency market cap lost about 55% of its value in the months between January and July 2022[1]. Trading volume on OpenSea – the leading marketplace for NFTs – is down by more than 85% from its peak in January 2022[2]. Some crypto-lending fir...

While large parts of the northern hemisphere were battling with a record heatwave, the Cryptosphere was hit with another Winter. In the wake of a broader economic crisis – war in Ukraine, increasing inflation, tumbling tech valuations – total global cryptocurrency market cap lost about 55% of its value in the months between January and July 2022[1]. Trading volume on OpenSea – the leading marketplace for NFTs – is down by more than 85% from its peak in January 2022[2]. Some crypto-lending fir...