Welcome to the latest edition of Cointelegraph’s decentralized finance, or DeFi, newsletter.
In a week where the crypto market bears returned for blood, DeFi enlisted an army of lobsters to fight its feuds.
While we ponder a feasible battleground for that mammalian–invertebrate combat, feel free to scroll on and read the top choices for the week’s most impactful stories.
What you’re about to read is a shorter, more succinct version of the newsletter. For a comprehensive summary of DeFi’s developments over the last week — delivered to your inbox quicker than a food delivery order in lockdown — subscribe below.
Fishing for Finance
Lobby Lobsters joined the burgeoning list of animal-themed non fungible token (NFT) projects this week, showcasing the genuine power of community-centric NFT campaigns in fostering causes of social good.
Each of the 10,000 Lobby Lobster NFTs was minted for 0.1 Ether ($390 at the time) and sold out within the hour, amassing $4 million in sales.
The community-led NFT platform that launched