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Hey Waivly Crew! 🌊 Jeff Bezos has lost his spot as the richest person alive after his net worth dropped, and NFTs are having a record-breaking week.

Jeff Bezos is no longer the richest person alive

According to Forbes, Jeff Bezos, founder of Amazon and its largest shareholder, is no longer the wealthiest person in the world. You might recognize the man who replaced him.

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Bernard Arnault takes his spot

72-year old Bernard Arnault, founder, chair, and CEO of LVMH Moët Hennessy-Louis Vuitton, the world's leading luxury products group, is now the richest person on earth.

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After this week's events

The main reason for Bezos lost his top spot, is because his net worth fell $13.9 billion, after Amazon reported net sales of $113.1 billion, falling short of the $115.2 billion that analysts expected to see, causing the stock to drop 7%.

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A small gap between the billionaires

Even though Jeff Bezos is no longer the richest person, I don't think we will see him go broke anytime soon. According to MarketWatch, Bezos' net worth is around $192.6 billion, while Arnault's net worth is priced at $195.8 billion.

The NFT hype isn't going anywhere

It has been an insane week for the NFT space, just when some people thought things wouldn't get any crazier, sales are continuing to hit all-time highs.

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NFT Sales Top $1.2 Billion

In July, NFTs ranked in over $1.2 billion in sales, almost half the 2.5 billion sales in the first two quarters of 2021. From collectibles like CryptoPunks, pieces of history, and digital art, the NFT industry is only heading upwards.

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Influencers get in on the action

One of the reasons NFTs have become so popular this year is because influencers and other celebrities have heavily invested in them. For example, earlier this week, FaZe Banks, one of the founders and owners of Faze Clan, made his first CryptoPunk sale for over half a million dollars. YouTuber Logan Paul is also known for collecting NFTs, and currently has an offer of $630,000 for his favourite NFT.

Sony's PSVR 2 is looking promising

We already know the PSVR 2 is the next virtual headset from Sony, but new leaks are suggesting the VR headset for the PS5 could be even better than what we expect.

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What we know so far

Back in late February, PlayStation revealed the next generation of VR on PlayStation on social media, along with a blog on PlayStation's site. The main innovation is its new VR controller, which includes some of the key features found in the PS5's dual sense controller.

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Full 4K HDR display

If the leaks are true, the PlayStation V2 will include Fresnel OLED screens, with a resolution of 2000x2040, giving the headset a full 4k HDR display, perfect for a fully immersive VR experience.

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Time will tell

Leaks suggest that we will be hearing more about the PSVR 2 at PlayStation's upcoming State of Play next Thursday, so make sure to keep an eye out during the event.

The Waves

🏨 Disney's immersive Star Wars hotel will cost at least $4,809

🗡️ Amazon's New World MMO has been delayed for the fourth time

📕 Walter Isaacson is writing Elon Musk's biography

⚡ US sets a target for 50% EVs by 2030, with industry support

Nintendo Switch has outsold PS3 and Xbox 360 consoles

In Nintendo's recent financial reports, the company has announced that the Nintendo Switch has shipped out about 89.04 million units, surpassing the number of units of Xbox 360 and PS3 shipped when they were still in production.

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How many units did the PS3 and Xbox 360 sold?

At the end of production of both PS3 and Xbox 360 consoles, Sony sold about 87.4 million units of the PS3 while Microsoft sold about 86 million units of the Xbox 360. Nintendo's goal is to beat the all-time record holder for most game console units shipped which is Sony's PS2. Sony shipped out about 155 million units of PS2 when it was still in production.

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The 7th biggest game console of all time

As of right now, the Switch is on track to potentially outselling Nintendo's biggest selling console, Nintendo Wii which shipped out about 101.63 million units. Nintendo is expected to sell about 20.5 million more Nintendo Switch consoles within the company's current financial year which ends on March 2022 which will help the Switch outsold and beat the Wii's record.

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