NFT bull run '22
LooksRare launches minting, XCOPY releases open editions, Decentraland Fashion Week, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
The ongoing NFT bull market began in late 2020 if not earlier.
However, by Feb. 2021 the bull run was all but obvious, as I noted at the time, and by Oct. 2021 the possibility of a decisive multi-year run was coming into focus.
Fast forward six months to today, and the NFT ecosystem remains teeming with activity and interest continues to spread out in all directions, so yes, the bull lives on.
To that I say: strap in, keep your wits about you, and as always stay creative. Also, let me know in the comments below if there are any NFT topics you’d like to see me cover in the coming weeks, I’m always on the hunt.
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🛒 NFT News & Platforms
Frosties NFT “rugpull” project in legal trouble as the U.S. Department of Justice hit the creators with fraud charges.
Gem introduced Safety Mode to prevent losing money from failed transactions:
LooksRare lets you mint your own NFTs now via Manifold Studio.
Mirror launched the second version of its NFT Editions feature.
Objkt, a Tezos NFT marketplace, added floor offers.
Rarible created a custom marketplace for the Meta Angels NFT community.
Upshot, an NFT appraisal protocol, raised $22M.
🏆 Digital Collectibles
Blitmap Rivals are coming along, as are the Baby Blitnauts expansion:
CrypToadz + Nouns DAO? Only time will tell, but chatter’s growing:
V1 CryptoPunk #7458 resold for 160 ETH.
Madonna joined the Bored Ape Yacht Club courtesy of MoonPay.
Yuga Labs, the creators of BAYC, raised $450M in new funding.
XCOPY saw his MAX PAIN release on Nifty Gateway do some major numbers:
OKPC, an “expanding art gallery” project, began its early bird mints.
Fidenza #692 sold for 320 ETH:
🎮 NFT Gaming
GameStop launched its NFT marketplace beta in collaboration with Loopring.
Axie Infinity published an update on how it’s approaching decentralization and the community treasury.
Sound is kicking off Season 2 next week after onboarding 68 artists during Season 1.
RAC had some high praise for Sound, too:
Coopahtroopa.eth published This Week in Music NFTs - March 21st.
🌐 Virtual Worlds
M3taloot is rising:
Cryptovoxels is lowering its max parcel building distance to 25m outside of the parcel.
Decentraland Fashion Week arrived:
💎 DeFi x NFTs
APE: check out the excellent ApeCoin rundown in this week’s Market Monday column by Bankless.
✍️ Check out my other Metaversal write-ups from this week: Hacker group stalks NFTs and Giving props to Prop House
🌌 Read A beginner’s guide to Cosmos and Hottest tokens in the Cosmos ecosystem in Bankless
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!
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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.
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Hi William! Always look forward to this weekly roundup. Since you asked about topics of interest, I would be interested to see a story on Historic or Vintage NFTs and their communities as a unique category of NFTs. (beyond Punks - MoonCatRescue, Realms of Ether, etc).
Check out Trippy Toadz, it's backed by the Good Trip documentary on Netflix with lots of Djs and producers behind it as well, not to mention a few NFT legends. The project minted this week and is still in infancy but their DMT roadmap shows great promise and I am excited to be a part of their journey.