IG quits NFTs, Rug Radio X Sorare

In the GM Web3 podcast episode on March 14, 2023, several interesting topics were discussed. First, the recent CPI and core inflation numbers were reported, and the market responded positively as they were in line with expectations and lower than last month. The FOMC meeting on the 21st was identified as the next big macro event.

Next, the podcast touched on the cryptocurrency market, which was up by about 10%, with Bitcoin and Ethereum both sitting at all-time highs and outperforming most alts. NFT marketplace volumes were lower than usual, with BLUR dominating the majority of trading volume.

The podcast also discussed the Cookie Monster and the rest of the Sesame Street gang hitting the blockchain, as well as a job posting by Pokemon for someone with a deep understanding of web3 and connections to investors. Instagram's decision to stop supporting NFTs was noted as a negative development from the stages perspective.

Finally, Rug Radio announced their partnership with Sorare, a fantasy sports platform that raised $600 million in funding. Rug Radio will have a new vertical focusing on sports, with Buster scher leading the charge. The Buster Show, which has been running for four years, has featured guests ranging from Tom Brady to marine biologists, but sports will always be a focus.

GM

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