Getting Ahead of the NFT Curve š
Major CryptoPunks and Beeple news, Avastars is back, old NFTs are being rediscovered, & more!
Metaversal is aĀ Bankless newsletterĀ for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
It seems like everyone is doing their homework on NFTs now.
Indeed, whether itās mainstream people diving in after hearing about Beepleās triumphant NFT auction at Christieās this week, or NFT veterans digging into previously forgotten but rediscovered projects like Cryptocats and MoonCats, lots of folks are studying the NFT ecosystem like never before.
Our edge is that weāre here, weāre early, and weāre getting ahead of the curve on the promising projects that are trailblazing the way to the future of culture.
So pay attention, hop into some Discords, track NFT conversations on Crypto Twitter, learn as much as you can ā itās certainly a terrific time to start sponging up as much NFT information as possible. Itās going to come in handy for years to come ā¦
-WMP
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š Digital Collectibles
CryptoPunk 7804, a rare Alien Punk, sold for 4,200 ETH, or ~$7.5M, this week. Itās easily a new standing record for the largest CryptoPunk transaction ever.
Less than a day after the sale of Punk 7804, another rare Alien, Punk 3100, sold for 4,200 ETH too!
Minting for Avastars Gen1 Series 3 has re-commenced.Ā
NFT users just rediscovered two 2017-era NFT projects, Cryptocats and MoonCats.
šØ Cryptoart
Beepleās EVERYDAYS ā THE FIRST 5,000 DAYS NFT sold for +$69M at auction through legendary art auction-house Christieās. The buyer? None other than MetaKovan, a founder of B20. The sale is the third-largest ever made for a living artist!
The artist FEWOCiOUS broke SuperRareās all-time sales record after his piece Overthinking Again sold for 195 ETH on the platformās secondary marketplace ...
Autoglyph #499 sold for 140 ETH ...
Collector 888 bought artist LIÅONAās the#boi for ~149 ETH from FVCKRENDER ...
The cryptoartist persona known as Twisted Vacancy became perceived as exactly that, a persona, after a new exposĆ© reported Twisted Vacancy is a team of +20 people who have plagiarized at least one other artistās work to date.Ā
š¹ļø Blockchain Games
Sky Mavis, the team behind Axie Infinity and the Ronin sidechain, are setting their sights on on-boarding ābillions of gamers on the blockchain.ā
DeFi-centric NFT game Aavegotchi just launched its Bazaar P2P marketplace system ...
Global fantasy ā½ game Sorare just launched V1 of the Sorare Hub.Ā
š Virtual Worlds
āThe Metaverse underground has more web-like network effects by using public blockchains and open standards,ā researcher jin noted this week.
Soon youāll be able to airdrop wearables to everyone attending your Cryptovoxels parcel at a given time so you can āgive a collectible to everyone who attends your events.ā
Decentral Games partnered with gaming giant Atari to build a full-fledged Atari casino in Decentraland.
Gaming platform The Sandbox is already showing us how NFTs are going to be a huge part of the evolving Metaverse.
š NFT Marketplaces
OpenSea co-founder and CEO Devin Finzer just held an AMA with the Bankless team.
Speaking of OpenSea, the Associated Press (AP) just sold its first NFT through the marketplace for +100 ETH.
š DeFi x NFTs
Initial NFT Offerings (INOs) might be coming to NFTX.
Curated NFT index funds are the future of NIFTEX.
Action Steps
š° Read āHow to Invest in an NFT Indexā in Metaversal
š° Read āA beginnerās guide to DAOsā by Linda Xie (The possibilities for DAOs around NFTs are endless!)
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Not financial or tax advice.Ā 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.Ā 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. Iāll always disclose when this is the case.
Great article but very frustrated about the mooncats, missed them :( Please next time, can you send alpha alerts to prime subscribers for those gems ? :)