Weekly Update: December 9th-December 15th 2022
The crypto market is much the same as it was last week with continuing FUD for some of the largest institutions in the crypto space. Bitcoin continues to trend around $17k with no real signs of any major gains. Ethereum is holding around $1.2k as well. BNB is down 18% over the last 7 days to $232. This could largely be due to the FUD that Binance is facing over concerns for the veracity of their asset audit, though they have been able to face any bank run thus far.
Sphynx Labs is down in the current market as well across all chains, but this is not unexpected in the alt coin market right now. Regardless, development has been moving full speed ahead.
The Sphynx Blockchain is all but done, however it has been decided that the best time to release is when the market is fairing better for the benefit of holders.
The Sphynx NFT Marketplace is essentially done as well for the first chain, Loop Network. The team at Sphynx Labs wants it to be perfect so it is undergoing all forms of testing.
The massive partnership that Sphynx alluded to a few weeks ago is also drawing ever closer. The team at Sphynx Labs wants the partnership to be available from day 1 on the Sphynx DeFi App, and Apple just approved the new update to the app for review.
Other utilities that have not been discussed yet are also in development currently, and more information will be released in the new year.
There is much more to come with Sphynx. Stay tuned for Sphynx’s Weekly Updates posted every Friday, or be informed on the Sphynx Telegram, Twitter, and Instagram pages.
Thank you for reading, and have a great week!
Sphynx Labs Links
Sphynx Mobile App on Apple App Store: https://apps.apple.com/app/sphynx-defi-app/id1626361848
Sphynx Mobile App on Google Play Store: https://play.google.com/store/apps/details?id=com.sphynx