Metaversal moved to bankless.com/metaversal

Metaversal moved to bankless.com/metaversal

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
NFT Pot oโ€™ Lucky Mints ๐Ÿ€
Copy link
Facebook
Email
Notes
More
User's avatar
Discover more from Metaversal moved to bankless.com/metaversal
Metaversal has migrated from Substack to Bankless.com
Over 271,000 subscribers
Already have an account? Sign in

NFT Pot oโ€™ Lucky Mints ๐Ÿ€

Weekly Roundup: Meta axes NFTs, Doodles NFT kerfuffle, Zoraโ€™s new feed, and more!

William M. Peaster's avatar
William M. Peaster
Mar 17, 2023
34

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
NFT Pot oโ€™ Lucky Mints ๐Ÿ€
Copy link
Facebook
Email
Notes
More
1
Share
๐Ÿ™ Visit Kraken.com to learn more ๐Ÿ™

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation,

Top o' the mornin' to you all, and happy St. Patrick's Day!

As you dive into this week's news roundup, remember that while fortunes may rise and fall in the NFT world, a keen eye and a bit of luck can go a long way. 

For instance, some of my friends joke that Iโ€™ve got a โ€œlucky walletโ€ because Iโ€™ve chanced upon minting a handful of rare NFTs before in being at the right place at the right time.

Jokes aside, I really do wish you luck in all your NFT endeavors, and I hope eventually the non-fungible wonders in your wallet will become as plentiful as the shamrocks are on this festive day.

Slรกinte and happy exploring in the meantime!

-WMP


๐Ÿ™ Sponsor: Kraken โ€” the most trusted and secure crypto exchange in the worldโœจ


๐Ÿง  The big picture

The overall market cap of the NFT space shrunk for the first time in the two months since I started my Metaversal 2.0 recaps, having dropped from 10.15M ETH to 9.6M ETH for a 5% decline on the week. On the flip side, the prices of top coins like BTC and ETH just had considerable green 7D ticks, so itโ€™s safe to assume more than a few people just fled into the perceived safety of the majors amid the recent banking chaos in the U.S.

๐Ÿ“Š This week by the numbers:

Another week, another dominant performance by MAYC atop the 7D NFT volume charts. The Moonbirds collection also continues to see major volume activity, too, as bear market blues has lately led to surges of buy and sell pressure around the project. Azuki, Otherdeeds plots, and BAYC all facilitated over 9k ETH worth of trades on the week to round out the top five here. 

๐Ÿ” 7D top collections by volume

via degenz.finance

๐Ÿ›’ 7D NFT marketplace stats

Notably, Blurโ€™s stranglehold on the NFT economy receded some over the past week, during which its volume marketshare dropped from 77% to 72% and its trades marketshare dropped from 56% to 51%. Thatโ€™s not a massive plunge, but it is stark difference from recent weeks when Blur either was gaining ground or staying steady in its dominance. Is this decline a sign that the pull of $BLUR rewards are starting to wane? For now, weโ€™ll just have to wait and see. 

via the @hildobby NFT Market Overview dashboard

๐Ÿ›๏ธ 3 biggest buys this week

It was a cryptoart-themed week for the spaceโ€™s top 7D NFT sales, as a Fidenza and a classic Lost Robbie sold for 380 ETH and 260 ETH respectively. Rounding out the top three largest transactions was a 191.69 ETH sale of Azuki #3153, a rare โ€œSpiritโ€ type from the PFP collection.

via DappRadar

๐Ÿ“ฐ General news

  • Context will be discontinued effective April 15th. 

  • Meta decided to abandon support for NFTs across Facebook and Instagram.

  • NFT.Storage launched the NFT Forever Project.

  • OpenSea introโ€™d proxy contracts for self-serve drops. 

  • Zora launched a new frontpage feed system.

๐Ÿ† Digital collectibles

  • Doodles is โ€œno longer an NFT project.โ€

  • Tessera unveiled Checkpoint, a tool for Checks collectors to collaborate on getting the fabled โ€œBlack Check.โ€

๐ŸŽจ Cryptoart & music

  • Manifold introduced a Paid Burns feature and ERC1155<>ERC721 burns.

  • Robbie Barratโ€™s AI Generated Nude Portrait #7 Frame #110, a cryptoart classic, resold for 260 ETH.

๐ŸŽฎ Decentralized gaming

  • Axie Origins kicked off its Epic Era. 

  • DEADDROP, an in-progress extraction shooter by Dr. Disrespectโ€™s Midnight Society studio, held its Snapshot V play reveal today. 

  • Epic Games, the creator of Fortnite, is adding 20 NFT games to its online marketplace. 

๐ŸŒ Virtual worlds

  • Decentraland is working on new Social Features.

๐Ÿช™ NFTfi

  • Uniswap V3 is now live on BNB Chain.


๐ŸŽ† Mint spotlight: HV-MTL

Following up the BAYC Dookey Dash competition, this week Sewer Pass holders were able to start participating in The Summoning, from which new โ€œPower Sourceโ€ HV-MTL NFTs could be minted. The collection of 30k Mechs will be spread across 8 Power Source types and will be usable in upcoming minigames. The floor price for the basics are currently +2 ETH, but weโ€™ve seen rares sell for as high as 45 ETH already.

Twitter avatar for @kodama_eth
kodama.eth @kodama_eth
The 8 different power sources from the new HV-MTL (Heavy Metal) collection ๐Ÿ‘€ Legendary: Rank #1 Holo: Rank 2 - 250 Reaver: Rank 251 - 1250 Celestial: Rank 1251 - 4250 Knight: Rank 4251 - 9250 Bio: Rank 9251 - 15250 Dynamic: Rank 15251 - 22250 Glitch: Rank 22251 - 30000
Image
7:00 AM โˆ™ Mar 16, 2023
19Likes1Retweet

๐Ÿ”ญ Mint watch:

  • LUX_O โ€” A free open edition โ€œouttakeโ€ derived from cryptoartist Figure31โ€™s latest LUX series; the mint window for the OE still had over 24 hours left at the time of writing

  • ZOGZ Pepe โ€” Today Matt Furie, the creator of Pepe the Frog, is holding a open edition drop for the public on his pepe.fun website; at the time of writing it wasnโ€™t clear when the drop was starting, so keep an eye out for an announcement


๐Ÿ™‡ 3 insightful threads weekly to level up your NFT knowledge!

1. jay on how to assess the strengths of NFT projects:

Twitter avatar for @0xjaypeg
jay @0xjaypeg
.@mevcollector turned 11E -> 862E (7736%!) by investing in the strongest NFT projects But *how* do you identify these NFT projects? I built a dashboard to assess the strength of NFT projects so you can find the next 100x! (including the most profitable wallets to copytrade ๐Ÿ’ต)
Image
Twitter avatar for @mevcollector
MEV Collector ๐Ÿ”บ @mevcollector
Turning ~11 ETH to 862 ETH in 33 days flipping NFTs. A thread https://t.co/s9VMyVBphD
2:09 PM โˆ™ Mar 15, 2023
334Likes82Retweets

2. Jack Butcher on the ongoing opepfp experiment:

Twitter avatar for @jackbutcher
Jack Butcher @jackbutcher
transparency time opepfp โ†“
Image
1:57 AM โˆ™ Mar 16, 2023
1,945Likes489Retweets

3. Giancarlo on game publisher Nexon turning its MapleStory franchise into an NFT game:

Twitter avatar for @GiancarloChaux
Giancarlo @GiancarloChaux
Maplestory is being turned into an NFT game at first I thought this would be another "one-off" side experiment I was wrong, look at Nexon's blockchain vision they 1000% get it
3:31 PM โˆ™ Mar 13, 2023
955Likes170Retweets

โœจ My NFT tool of the week: POAP Drops

If youโ€™re someone whoโ€™s interested in creating POAPs or already does so all the time, youโ€™ll love the new POAP Drops resource. Designed to become your new go-to tool for creating and distributing digital mementos in web3, POAP Drops offers an optimized and intuitive interface that streamlines the entire POAP creation process, making it a breeze for anyone to create and manage POAP distributions. Check it out!

Twitter avatar for @poapxyz
POAP - Bookmarks of your life @poapxyz
Announcing POAP Drops! Your new home for everything POAP.
blog.poap.xyzAnnouncing POAP DropsNew interface for creating and distributing precious digital collectibles!
4:14 PM โˆ™ Mar 16, 2023
178Likes50Retweets

๐Ÿ’ฅ ETH and NFTs have a certain unprecedented charm, donโ€™t theyโ€ฆ

ETH, BTC, and some NFTs put the โ€œmagicโ€ in the โ€œmagic internet moneyโ€ trifecta: theyโ€™re super secure, youโ€™re the boss of your own funds, and folks actually value them. Sure, the cryptoeconomy is still in its infancy and can be mind boggling at times, but make no mistake: decentralized bearer assets are empowering in ways human civilization has never seen. Rest assured, this chapter in history is just beginning. 

Twitter avatar for @0xfoobar
foobar @0xfoobar
people don't appreciate decentralized bearer assets enough decentralized - nobody else can adhoc modify it bearer - if you hold it, it's yours. no counterparties asset - socially accepted to have value crypto majors & certain NFTs satisfy these properties stablecoins do not
7:13 PM โˆ™ Mar 11, 2023
115Likes16Retweets

๐Ÿ˜œ My Ledger, my moneyโ€ฆ

In these early days of crypto and NFTs, holders may ride a metaphorical volatility roller coaster, but through self-custody at least we know where the safety bar is. Last weekend the world was temporarily left guessing exactly what was going to happen to some U.S. banksโ€ฆ

Twitter avatar for @MinisterOfNFTs
MinisterOfNFTs ๐Ÿ”ฎ @MinisterOfNFTs
Image
3:48 PM โˆ™ Mar 17, 2023
287Likes26Retweets

Action steps

  • ๐Ÿ†• Read Everything You Need to Know About the Arbitrum Airdrop in Bankless

  • ๐Ÿ™‡ Catch up on my other write-ups from this week: 

    • โœง Mint Condition (How to Assess NFT Quality)

    • โœง The New Gem(Gem V2 Beta Preview)


Author Bio

William M. Peaster is a professional writer and creator of Metaversalโ€”a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. Heโ€™s also recently been contributing content to Bankless, JPG, and beyond!


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


๐Ÿ™Thanks to our sponsor

KRAKEN NFT

Kraken NFT is built from the ground up to make it one of the most secure, easy-to-use and dynamic marketplaces available. Active and new collectors alike benefit from zero gas fees, multi-chain access, payment flexibility with fiat or 200+ cryptocurrencies, and built-in rarity rankings. Learn more at Kraken.com/nft

๐Ÿ‘‰ Visit Kraken.com to learn more and open an account today.


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.



Subscribe to Metaversal moved to bankless.com/metaversal

Launched 4 years ago
Metaversal has migrated from Substack to Bankless.com
bpinnyc.eth's avatar
velocity4escape's avatar
Robert moraes's avatar
Ahmed karimi's avatar
William M. Peaster's avatar
34 Likes
34

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
NFT Pot oโ€™ Lucky Mints ๐Ÿ€
Copy link
Facebook
Email
Notes
More
1
Share

Discussion about this post

User's avatar
environMENTAL's avatar
environMENTAL
Mar 19, 2023

NFTs and the Metaverse needed as virtual babies as the population plummets.

It wasn't what everyone expected 30 years ago.

https://envmental.substack.com/p/the-population-bombing

Expand full comment
Like (2)
Reply
Share
Zora V3 is ๐Ÿ”ฅ
Zoraโ€™s new protocol infra is a step forward for the NFT space!
Jan 25, 2022 โ€ข 
William M. Peaster
47

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
Zora V3 is ๐Ÿ”ฅ
Copy link
Facebook
Email
Notes
More
6
Bored Ape Mutation Madness! โš—๏ธ
BAYC introduces Mutant Apes, leading to a fun NFT mutation frenzy!
Aug 31, 2021 โ€ข 
William M. Peaster
25

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
Bored Ape Mutation Madness! โš—๏ธ
Copy link
Facebook
Email
Notes
More
2
Why Right-Click Savers Flunk NFTs โŒ
French philosopher Jean Baudrillard would tell right-click savers they have NFTs all wrong!
Sep 8, 2021 โ€ข 
William M. Peaster
24

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
Why Right-Click Savers Flunk NFTs โŒ
Copy link
Facebook
Email
Notes
More
3

Ready for more?

ยฉ 2025 Ryan Sean Adams
Privacy โˆ™ Terms โˆ™ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More

Create your profile

User's avatar

Only paid subscribers can comment on this post

Already a paid subscriber? Sign in

Check your email

For your security, we need to re-authenticate you.

Click the link we sent to , or click here to sign in.