Upshot Update: Polygon Launch, MiamiDAO, & NFT Round-Up

Originally Published - June 2, 2021


Welcome to the second edition of the Upshot Update 👋

It’s been another busy couple of weeks here at Upshot! In this newsletter we’ll round-up the latest news, updates and insights from the team, and take a look at what’s happening across the NFT space.

If you haven’t already, make sure you subscribe to our bi-weekly newsletter so that you don’t miss a beat. Let’s dive in 👇

🌟 What’s New

Upshot is live on Polygon 🚀

Integrating with Polygon enables reduced gas fees, faster transactions, and a seamless experience for Upshot users. Upshot will also benefit from the thriving ecosystem being built on Polygon, which now includes some of the leading DeFi projects — Aave, Slingshot, and Sushi, just to name a few — making Polygon a perfect fit for us as we work to build scalable pricing infrastructure at the intersection of NFTs and DeFi.

MiamiDAO Launch 🏝

We’re excited for the upcoming launch of MiamiDAO — a community that will both *participate *in exotic financial *interactions *and exotic financial *instruments *at the intersection of DeFi and NFTs. The nascency and inherent illiquidity of DeFi x NFTs, combined with the capacity of DAOs to coordinate complex financial interactions, provides an opportunity for MiamiDAO to make a significant impact in what will become one of the cornerstones of our new financial system.

“Bitcoin Miami lasts a weekend, MiamiDAO lasts forever”.


+ Delphi Podcast host Piers Kicks sat down with Upshot founder Nick Emmons for Episode 27 of Metaverse Musings 🎙

+ We’re partnering with Unicly on NFT collection appraisals 🤝

+ The uGOTCHI NFT collection on Unicly has been appraised by Upshot at a near $1M valuation 🤑

**📆 Upcoming Virtual NFT Lounge: **NFTs have come a long way in a short amount of time — open marketplaces, curated platforms, DAOs, inexpensive minting on other blockchains, and multiple auctions via mainstream auction houses. Where are we headed? Join the Upshot team on Thursday, June 3 at 3:00PM ET for a Discord convo about what’s next for NFTs.

🏝 Going to be in Miami this week? Come hang out with Upshot founder Nick Emmons at the NFT Lounge on Thursday, June 3 at 1:30PM ET. Nick will be discussing the future of NFTs along with an all-star panel. Sign-up here.

💡 Insights

How to Appraise NFTs on Upshot

Upshot aims to be a collector-centric NFT platform that gives collectors unique opportunities to capture value from their expertise. Answering questions on Upshot is simple, addicting, and gas-free. Learn how to appraise NFTs on Upshot with this step-by-step guide.

🖼 NFT Round-Up

What’s Happening ⚡️

  • GameStop introduced a cryptic new NFT project. “Power to the collectors”, as Gamestop says.
  • Time auctioned off an NFT of its first issue from March 3, 1923 on SuperRare. The piece fetched 120 ETH.
  • Christie’s continues full steam ahead with NFT auctions. Proof of Sovereignty, a curated NFT collection by Lady PheOnix, closes at the auction house on June 3.
  • TechCrunch founder Michael Arrington’s apartment will be the world’s first real estate NFT. The real estate backed NFT transfers real ownership of the property. Bidding starts on June 8.

Top NFT Sales (Last 7 Days)* 💎

1. Decentraland Premium Estate | 759k MANA ($709k)

2. F1 Delta Time 70th Anniversary Ed | 3M REVV ($345k)

3. VR.Girl | 115 ETH ($297k)

Top NFT Collections (Last 7 Days)* 🖼

1. Axie Infinity | Vol: $12.8M (+90%) | Sales: 50k (+67%)

2. NBA Top Shots | Vol: $5.4M (-17%) | Sales: 178k (-32%)

3. CryptoPunks | Vol: $5M (-20%) | Sales: 75 (-16%)

*Data from *DappRadar

👥 Come Work With Us

Upshot is hiring across multiple roles!

We are a team of crypto-natives with deep experience working on some of the leading projects in the space — backed by the foremost funds and angels in crypto. At Upshot, we are committed to finding top talent looking to make an impact at the forefront of this burgeoning space.

Interested in working at Upshot? Check out our open positions 👥

Join the 🆙🏀 Community

Hop in the Upshot Discord to chat about all things NFTs with the team and fellow collectors! We’re building a collector-centric community and would love to have you be a part of it.

Stay in the loop!

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