The FOMC minutes came out yesterday.

These are the detailed notes from the Fed’s latest policy meeting – in this case, from May 6 – 7, when they decided to leave interest rates unchanged at 4.25% – 4.50%.

Traders dig into these notes to look for hints about what the Fed’s planning next – specifically, whether a rate cut is on the horizon.

(Because lower rates = bullish for crypto.)

So…are we getting one?

Hate to break it to ya, but it doesn’t look like it.

According to the minutes, Fed officials are worried about two things getting worse at the same time: inflation and unemployment.

That puts them in a tough spot:

• If they cut rates to help the job market, inflation could rise;

• If they raise rates to fight inflation, unemployment could rise.

A no-win scenario. So, they agreed that the safest thing to do now is to be cautious.

Translation: the Fed will probably keep rates the same when they meet again on June 17 – 18.

And yeah, the markets aren’t thrilled about that.

On a more positive note, though, Nvidia’s Q1 earnings also came out yesterday – and they crushed it. Revenue and profits were both better than expected.

While that’s not directly tied to crypto, it still matters. Big wins in the tech sector tend to improve overall investor confidence. And when the mood’s good, major cryptos often ride that wave too.

Plus, it’s another W for AI, which feeds into the crypto + AI narrative.

Good Vibes Club (GVC), an art-focused NFT collection created by the award-winning animation studio Toast, has officially sold out ahead of its much-anticipated reveal on March 13 at 12PM ET. The collection, which minted on March 11 on Ethereum, consists of 6,969 meticulously crafted 3D PFPs.

Developed over three years, GVC has positioned itself as a premium brand within the NFT space, prioritising high-quality visuals and artistic curation.

With minting complete, attention now shifts to the upcoming reveal, where holders will see the unique traits and attributes of their NFTs. Meanwhile, secondary market activity continues to gain momentum, with GVC NFTs now available for trading on OpenSea, Magic Eden, and Blur.

What is Good Vibes Club NFT Collection?

Good Vibes Club is a high-end digital art project dedicated to setting a new standard in the NFT space. Created by Toast, a renowned animation studio that has worked with major brands such as Meta, Google, Apple, Visa, Amex, Oreo, and Microsoft, the project blends cutting-edge 3D animation with web3 innovation.

The collection was in development for over three years, with the team rendering 25,000 images, crafting 11,000 unique 3D objects, and designing over 700 traits to ensure each NFT maintains a curated and distinctive feel. According to the team, every detail—including colour groupings, materials, and silhouette diversity—was meticulously planned to enhance the visual quality and uniqueness of the collection.

In addition to the main collection, GVC has introduced three ultra-rare “Honorary Sculptures,” which grant holders a 1:1 custom honorary PFP created live on stream. These honorary NFTs will be featured in SuperRare’s official collection, adding another layer of exclusivity to the project.

What’s next for Good Vibes Club?

With the collection officially minted, the next major event for Good Vibes Club is the reveal on March 13, when collectors will discover the full details of their NFTs. Post-reveal, trading activity is expected to increase as buyers assess rarity traits and visual appeal.

Beyond the PFP collection, the team has teased the development of “Vibetown,” a digital world where GVC characters will come to life through animation. Whilst details remain limited, the team describes Vibetown as a place where “it’s always sunny, it never gets below 75°F” with “some funky beats bumpin’ in the streets.”

As of writing, the floor price for GVC stands at approximately 0.14 $ETH ($270), with sustained demand on secondary marketplaces.

We recently caught up with John Vibes, Somnia’s Chief Vibe Officer and the creative force behind their content.  With over a decade of experience in the crypto space, John has seen the industry evolve dramatically.

In our interview, John shared how Somnia’s newly launched DevNet and their “Dream Computer” aim to allow developers to build anything they can dream of. He highlighted the advantages for developers building on Somnia, especially its capability of handling 400,000 transactions per second. John also explained how this performance unlocks new possibilities like reactive applications. If you’re wondering what Somnia’s cooking up for the future of blockchain, you’ll definitely want to read this interview.

You’ve been in the crypto space for over a decade. How have you seen the industry evolve, especially as it becomes more mainstream?

John Vibes: When I got into the industry, the space was not really about making money the way it is now. It was very ideological, with tons of anarchists and hackers who had dreams of changing the world with magic internet money. Wall Street didn’t take us seriously, but now that they do, and in many ways, they have consumed the industry. This cultural shift has been hard to handle because I feel very out of place these days, but I guess at least Wall Street will pump our bags.

John Vibes – ‘Chief Vibe Officer’ at Somina

Somnia is known as the “Dream Computer.” What exactly does this mean, and how does it set Somnia apart from other Layer 1 Blockchains?

John Vibes: When Vitalik Buterin was originally pitching his idea for Ethereum, he called it the “World Computer,” so the “Dream Computer” is riffing off that early blockchain terminology. We call Somnia the “Dream Computer” because it has the performance capabilities to allow developers to build anything they can dream of.

What role has Improbable played in shaping Somnia’s blockchain infrastructure, especially considering their experience with platforms like Yuga Labs’ Otherside?

John Vibes: Improbable has played a crucial role in the development of the Somnia Blockchain, and they will continue to be a major partner on our journey.

With Improbable announcing the DevNet launch for Somnia, what should developers look forward to, and why should they choose to build on the platform?

John Vibes: Unlike many Devnets that are closed to the public, Somnia is open for public testing during specific hours, which allows the development team to gather valuable community feedback and fully stress-test our network’s capabilities under real-world conditions.

Public users will be able to test out our first applications with Somnia Test Tokens that can be collected for free from a faucet on the Devnet. These applications will include the first exchanges, NFTs and games. Users will also be able to track the network’s transactions through the block explorer.

To help early-stage developers succeed, Somnia is launching a $10 million grant program and providing access to technical guidance, funding, and go-to-market strategies, helping developers bring their ideas to life on Somnia, whether they’re building games, DeFi protocols, or immersive metaverse experiences. By joining Somnia’s ecosystem, developers can take advantage of our high-performance infrastructure, ensuring that their applications can scale effectively and reach global audiences.

You’ve spoken previously about creating a fair and equitable decentralized economy. What are some of the ways Somnia is working to make that vision a reality?

John Vibes: Somnia is building a future where the value flows between the participants of platforms instead of flowing straight up to the owners of the platforms. We want to make it possible for people to build decentralized applications where the users, founders and workers have a shared stake and ability to benefit from the large platforms they participate in.

I see a lot about Somnia’s 400k TPS capabilities. How does Somnia achieve these speeds?

John Vibes: There are a few major innovations that make this possible. First, there’s our new consensus mechanism, MultiStream Consensus, where each validator runs its own data chain to increase throughput. We also have advanced compression algorithms, and we’ve also built our own custom database, called ICEdb.

What are some advantages for developers building on Somnia?

John Vibes: We’re EVM compatible, so Ethereum developers can work with familiar tooling and easily port over Ethereum applications. We’re also offering a $10 million grant program, along with go-to-market and developer support.

What are some new use cases and features that Somnia’s performance capabilities unlock?

John Vibes: 400k TPS makes a lot of new things possible, but one of the most interesting things that we have been talking about is the possibility of reactive applications. This means applications that respond to live events. So, if something happens in the real world, this can trigger an activity in an application. For Example, you can walk into a store and get an NFT for being a frequent visitor. This can also work great for games, where the gaming experience can change based on things that happen in the real world.

Finally, what’s next for Somnia as it continues to grow? Are there any major developments we should be looking out for?

John Vibes: We are in the process of rolling out our Devnet now, which will allow the public to test out our blockchain for the first time. We will be allowing whitelisted developers to start building their apps, and we also have a $10 million grant program to help kick-start the ecosystem. After that, we will enter the testnet phase, where the blockchain will be entirely open to public development, and open around the clock for testing. After that, it will be time for mainnet!

A big thank you to John Vibes for sharing his thoughts and enthusiasm with us. We’re excited to see how his vision for Somnia continues to innovate in the blockchain space.