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Bear-ly non-fungible 🧸

Nounlets arrive, OpenSea adds Arbitrum, Optimism Quests drop, & more!

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William M. Peaster
Sep 23, 2022
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Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & digital collectibles


Dear Bankless Nation, 

The markets are ugly, NFT trading volume is way down since the start of 2022, and doom and gloom’s abounding. 

Zooming in, though, NFT users and NFT transactions are up on the year, and it’s no stretch to say the ecosystem is now brimming with innovative projects across numerous categories. 

Twitter avatar for @nansen_intern
Nansen Intern @ Token2049 @nansen_intern
Feels like *everyone* was into NFTs last summer and now everyones gone - But stats like users, transactions and returning buyers are all higher. Volume is comparatively down bad but this seems largely due to far lower, and arguably far more reasonable, prices (Ethereum Data)
Image
4:45 PM ∙ Sep 19, 2022
468Likes88Retweets

Markets go up and down, but builders build rain or shine, and our space’s technical and structural advances are compounding out in all directions accordingly. We’re paving the way for the next legs up, plain and simple.

Twitter avatar for @js_horne
jacob @js_horne
everyone dunking on opensea volumes forgets that coinbase's volume did the same thing after 2017/18 and then came back 10x larger the next phase
7:13 PM ∙ Sep 23, 2022
47Likes6Retweets

In the meantime stay curious, keep exploring, and have a great weekend everyone. Thanks for reading as always ✌️

-WMP


🙏 Sponsor: Sequence—developer platform + smart wallet to build user-friendly web3 apps✨


🎨 Are you an artist?

Then Bankless would love to see your portfolio! The team is currently working on its first NFT project, and we’re on the hunt to hire a digital artist to collaborate with us. If you’re interested, please reach out through our submission form. Thanks kindly!

Twitter avatar for @BanklessHQ
bankless.eth @BanklessHQ
DIGITAL ARTISTS 🎨 We want you to come work for us on a super top-secret NFT project 🤫 Interested? Show us your portfolio: tally.so/r/mY5qq5
tally.soBankless Artist Submission FormMade with Tally, the simplest way to create forms.
8:55 PM ∙ Aug 18, 2022
60Likes17Retweets

📣 General NFT News

  • Apple said NFT projects can only sell NFTs via the Apple App Store through in-app purchases.

  • Chain purchased patriots.eth for the New England Patriots for 75 ETH.

  • Coinbase NFT started aggregating listings from multiple NFT marketplaces. 

  • Ethereum Name Service regained control of the eth.link domain name. 

  • OpenSea enabled support for OpenRarity and for trading on Arbitrum. 

  • Showtime rolled out an auto minting feature. 

  • Tessera, a collective ownership protocol, rolled out the Nounlets (each is 1/100th of a Noun NFT):

Twitter avatar for @tessera
Tessera @tessera
It started with the Imperial System Then there was the Metric System Now we bid with the Memetic System LFG
Image
4:55 PM ∙ Sep 23, 2022
  • Urbit launched its own EVM blockchain, the Urbit Virtual Machine. 

  • zefram.eth unveiled Bagholder, an NFT loyalty protocol. 

  • Zora introduced an airdrop system to its creator toolkit:

Twitter avatar for @ourZORA
🌜🌞🌛 @ourZORA
Introducing ☼ Airdrop on the Creator Toolkit ☼ ↳Easily create a list of addresses from multiple sources ↳Batch free airdrop tokens to as many addresses as you’d like See for yourself: zora.co
6:52 PM ∙ Sep 21, 2022
84Likes11Retweets

🏆 Digital Collectibles

  • Cool Cats partnered with Habbo to launch a virtual world experience for the collection’s holders and introduced a new CEO, Stephen Teglas. 

  • Optimism unveiled Optimism Quests, a guided tour of the L2 that lets you earn NFTs along the way:

Twitter avatar for @optimismFND
Optimism (✨🔴_🔴✨) @optimismFND
We’re always looking for opportunities to make Optimism more accessible for both new & experienced users alike. That's why we're excited to announce Optimism Quests: a guided exploration of the ecosystem that allows users to earn NFTs while exploring Optimism apps!
Image
6:00 PM ∙ Sep 20, 2022
1,066Likes359Retweets
  • Matt Furie, the original creator of Pepe the Frog, released the Hedz collection.

  • Paradigm open-sourced the Art Gobblers codebase. 

🎨 Cryptoart

  • Jan Robert Leegte is releasing JPEG, a generative art project, on October 31st, 2022. 

  • Nifty Gateway hosted the release of Crypto Art Begins, a phygital book that details the early history and pioneers of the cryptoart movement. 

  • Tyler Hobbs released QQL, a collaborative generative art experiment, an announced an associated mint pass contest:

Twitter avatar for @tylerxhobbs
Tyler Hobbs @tylerxhobbs
🔴⭕QQL Contest⭕🔴 ⭕️Win a QQL Mint Pass⭕️ How to enter 1) Create QQLs on qql.art 2) Choose 1 to submit 3) QT this tweet with: - #QQLcontest - Your QQL URL - An image of your QQL 1 entry per person Cutoff 9/25 Noon CT Winners announced 9/27 FAQ on site ex:
Image
4:29 PM ∙ Sep 20, 2022
4,212Likes1,290Retweets

🎮 Decentralized Gaming

  • Axie Infinity released a midseason balance patch for Axie: Origins Season 1. 

  • Civitas published the latest version of its whitepaper.

💽 Music NFTs

  • sound.xyz unveiled Sound Protocol:

Twitter avatar for @soundxyz_
sound.xyz (🎧,🎧) @soundxyz_
We’re excited to announce the Sound Protocol. ✅Permissionless base layer ✅Artist-owned & non-upgradeable song contracts ✅Permanent & decentralized metadata ✅Custom mint formats ✅Payments & end-to-end royalties This is a monumental step forward for Sound. Here’s why👇
5:07 PM ∙ Sep 21, 2022
674Likes206Retweets

🌐 Virtual Worlds

  • Decentraland launched an emotes marketplace. 

  • Somnium Space introduced WEB WORLDS, an automatic parcel enhancement tool.

💎 DeFi x NFTs

  • The Uniswap Foundation announced its first wave of grants.


Action steps

  • 🔥 Read 10 psych hacks for investing in Bankless

  • 📸 Watch Weekly NFT Recap #38 on Overpriced JPEGs

  • 🌳 Watch an interview with Filecoin’s Alan Ransil on Green Pill

  • 🧐 Catch up on my other write-ups from this week: 

    • Historical NFTs

    • Nouns (on a budget)

    • A beginner’s guide to ETH validators


Author Bio

William M. Peaster is a professional writer and creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond!


Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge.


🙏Thanks to our sponsor

Sequence

Build user-friendly web3 applications with ease and deliver a seamless web3 experience to your users! Sequence is a comprehensive developer platform and smart wallet for the Ethereum + EVM ecosystem.

  • Seamless and secure onboarding

  • No gas fees for your users

  • Direct NFT purchase with credit/debit

  • NFT marketplace protocol, and more tools, so you can deliver a seamless web3 experience to your users.

👉 Visit the Sequence Website

👉 Integrate Sequence Wallet into your app

👉 Make your web3 app user friendly with developer tools


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.


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Metaversal has migrated from Substack to Bankless.com
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DabDragon
Sep 26, 2022

Thanks so much Bankless, I am always online and everyday I am amazed that you continue to surprise me with new information that I need and use. Great research Great writing Great staff

And You Are Dabdragon Approved

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Zora V3 is 🔥
Zora’s new protocol infra is a step forward for the NFT space!
Jan 25, 2022 • 
William M. Peaster
47

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Metaversal moved to bankless.com/metaversal
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Zora V3 is 🔥
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Bored Ape Mutation Madness! ⚗️
BAYC introduces Mutant Apes, leading to a fun NFT mutation frenzy!
Aug 31, 2021 • 
William M. Peaster
25

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Metaversal moved to bankless.com/metaversal
Bored Ape Mutation Madness! ⚗️
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Why Right-Click Savers Flunk NFTs ❌
French philosopher Jean Baudrillard would tell right-click savers they have NFTs all wrong!
Sep 8, 2021 • 
William M. Peaster
24

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Metaversal moved to bankless.com/metaversal
Why Right-Click Savers Flunk NFTs ❌
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