DeFi x NFT Synergy Grows
Welcome new NFT index projects, Uniswap's coming V3 NFTs, Nifty's, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
DeFi and NFTs are a match made in heaven, and the possibilities at these ecosystem’s crossroads are essentially endless and more within reach than ever.
Yet both these incredibly promising sectors are still young. We’re only just now seeing the first great wave of projects building at the intersection of DeFi and NFTs.
Look close enough, though, and you’ll see this Web3 Cambrian explosion is accelerating. That was certainly the case this week, as DeFi-centric NFT headlines abounded!
So I’ll make an easy prediction. Those who can gain competence and footing in both DeFi and NFTs, especially as the two arenas are increasingly converging, are going to thrive going forward.
-WMP
🙏 Sponsor: Unstoppable—get a .crypto NFT domain to make payments simpler!
Enter to win an NFT-friendly domain name!
Unstoppable is giving away a .crypto domain name each week to Metaversal readers! Enter your email here every week for a chance to win. ✌️
Congratulations to subscriber Julian Johnson for winning the previous domain giveaway! Enjoy your new .crypto NFT! 🎉
🏆 Digital Collectibles
CryptoPunks just facilitated +$14.5M in 7-day volume, putting the OG NFT project at nearly $180M in all-time volume according to NonFungible.
Avastars Gen1 Series 4 minting is almost over.
New NFT collectibles project Chubbies saw its volume surge +34,000% this week!
🎨 Cryptoart
Veteran cryptoartist XCOPY’s Death Drip sold on SuperRare’s secondary marketplace for 1,000 ETH, which now comprises SR’s highest all-time sale record to date ...
pplpleasr is auctioning off x*y=k, the meme that was used to hail the arrival of Uniswap V3. The standing bid is currently 100 ETH! Proceeds will be donated to charities that support Asian Americans, Pacific Islanders, and beyond.
Bidding for @pplpleasr1's 1/1 @Uniswap artwork foundation.app/pplpleasr/x-y-… already above 100 ETH and all proceeds go to #StandWithAsians charities supporting AAPI and other minority representation~ Gonna be one hell of a piece to add to your collection :)
Artist Kevin Abosch released his 1111 project on OpenSea this week.
The artist byma launched Project Mahin, a cryptoart project focused on raising breast cancer awareness that’s powered by Chainlink VRF.
Mintable is auctioning off a series of tokenized masterpieces by avant-garde painter Wladimir Baranoff-Rossine ...
🕹️ Blockchain Games
Axie Infinity just kicked off Season 16 of its PVP arena, and there are 8,000 AXS set aside in prizes for the competition.
Around 10k addresses that hold Axies have been gifted them!
Global fantasy ⚽ game Sorare has welcomed famous Italian football club A.C. Milan into its ranks ...
🌐 Virtual Worlds
This week’s WIP Meetup in Cryptovoxels had an amazing cast of speakers: RAC, Skeenee + Alan Smale, and Seed Club’s Jess Sloss.
Decentraland is hosting a 5-day conference next month dubbed WTF Are NFTs.
News outlet Somnium Times launched somniumassets.com, a browser site for all NFTs related to the Somnium Space virtual world.
🛒 NFT Marketplaces
OpenSea is currently hiring for 3 engineer roles. Know anyone that can help them build the future of NFTs? Let ‘em know!
💎 DeFi x NFTs
The highly anticipated Uniswap V3 system is going to tokenize its liquidity provider (LP) positions as NFTs, marking a paradigm shift for how Ethereum’s most successful trading protocol to date approaches liquidity.
NFTX just launched 7 new liquidity pools on SushiSwap ...
In collaboration with NFTX, PieDAO has launched $PLAY, an index token tracking projects related to the metaverse.
Indexed Finance just published NFTP, an index token covering NFT and Web3 projects.
Nifty’s, a new social media platform for NFTs with major backers, is being launched with the help of the MEME protocol.
Decentralized digiphysical fashion label MetaFactory teamed up with SushiSwap on SUSHI.01, a limited edition series of hoodies.
Action Steps
📰 Read “XCOPY, Cryptoart Legend” on Metaversal
📰 Read “NFTs Shine in GR9” on Metaversal
Metaversal is a Bankless newsletter. Subscribe to the full Bankless program today!
🙏Thanks to our sponsor
Unstoppable Domains
Send & receive crypto with human-readable blockchain NFT domain names! No renewal fees. No more worrying about sending to the wrong address.
Your Bitcoin and Ethereum addresses deserve a domain name!
👉 Get your .crypto domain now!
👉 Enter weekly contest for a chance to win a free domain!
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. I’ll always disclose when this is the case.
