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Coca-Cola Debuts NFT Collection on Base, MetaMask Integrates Apple Pay's 1-click Feature

Aug 14, 2023
Author
Walter Teng, CFA
Walter Teng, CFA AC
Market Update Equities markets wavered higher as bond yields edged closer to decade highs ahead of retail sales data tomorrow. US10Y is currently at 4.20% and is nearing its last highest daily close of 4.24% in Oct '22, while the US02Y is at 4.96%, 0.12% away from its last highest daily close in Mar '23. This translates to a yield curve inversion between the 10 and 2-year of -0.76%, after putting in a local high of -0.68% a week ago. $SPX and $QQQ are 0.2% and 0.5% higher from Friday's close. Bitcoin Historical Volatility Index ($BVOL7D) is at historical lows at 2.7, having seen three such past occurences in the past five years. Unsurprisingly, $BTC (+0.9%) and $ETH (+0.7%) are relatively flat on the day, each trading between a 3% range since late July.Coca-Cola Debuts 'Masterpiece' NFT Collection on Ethereum Layer 2 Network Base. The NFTs combine iconic artworks, including Edvard Munch's "The Scream" and Johannes Vermeer's "Girl with a Pearl Earring", with contemporary pieces from artists such as Aket and Vikram Kushwah, all merging with Coca-Cola's signature bottle. Partly crafted using AI, the move reflects the brand's recent "Masterpiece" advertising campaign, partly crafted using AI. The NFTs launched as part of Coinbase's multi-week "Onchain Summer" event, which showcases

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