Meta ... versal 🌌
Facebook comes knockin’, a CryptoPunk flash loan wows, new Noun of the Month, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Facebook is becoming Meta, a metaverse-first company.
Myself and many others see Ethereum, NFTs, Web3, etc. as the credibly neutral socio-economic infrastructure that over time will actually connect virtual worlds and metagalaxies into an open metaverse for all.
That’s why those of us here are rolling our eyes right now. We’re seriously skeptical Facebook will work toward an open metaverse. Marketing is one thing, standing by deep-rooted principles is another.
Indeed, at the end of the day all Zuckerberg’s Meta has is its business ontology: the company exists only to further its own enterprise goals, everything else is ancillary.
On the flip side, us NFTers passionately believe in the virtues of openness and decentralization, and we’re looking to build alliances and stand for what’s right: creating a metaverse, a new kind of place for all.
P.S. Follow jin, who I consider a Jedi Master of the open metaverse, for your level-up of the day!
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🏆 Digital Collectibles
Someone made a flash loan purchase of CryptoPunk #9998 from themself for 124.46K ETH. How’s that for an on-chain NFT stunt?
NFT collectibles tab + NFT details coming to Twitter soon? Check.
Welcome the first Noun of the Month, Noun 22!
Cryptoartist Stellabelle is launching CryptoStellas, a hand-painted satirical PFP collection, on Halloween 🎃
XCOPY dropped 25 editions of Pump King on new L2 NFT platform Kolectiv 🎃
🎮 NFT Games
Gods Unchained nears 1M trades on Immutable X. (Speaking of Immutable X Disney is turning to the NFT L2, too, as is ESL!)
Keep an eye on Yield Guild Games’s Managers Cup on Halloween!
🌐 Virtual Worlds
Regarding Facebook’s Meta pivot, my favorite take so far comes via Plátōn:
In light of Meta’s arrival, Web3 and WebXR need each other like never before I think …
🛒 NFT News & Platforms
Meet Briqs: composable building blocks stored as NFTs on StarkNet.
On-chain royalties, all the time: check out the new Royalty Registry project.
Check out Hyype, a new NFT social lore platform.
Confused about NFT taxes? Don’t miss this helpful NFT Tax Guide!
Shoyu, Sushiswap’s NFT platform, is going live next week.
💎 DeFi x NFTs
Fractional has pivoted to ERC-1155 tokens for its NFT fractions.
+$1.4M: NFT lending platform NFTfi notches a new all-time high loan backed by Autoglyph #488.
NFT liquidity protocol NFTX is launching swaps today.
🔶 Read Ultra Scalable Ethereum by Bankless
👀 Read 5 NFT Projects to watch | Q4 2021 by Metaversal
🖌️ Read NFT Innovation Digest #6, which includes links to recent Metaversal posts Tips for safely minting NFTs and Meet Manifold. Thanks for sharing!
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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.
Talking of marketing, it's good marketing for those building the future web who have no association with Zuck's vision of it!