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NFT governance experiments 🧪

MOCA goes Webaverse(al), squiggleDAO's LPing, VRGDAs arrive, & more!

William M. Peaster

Aug 26, 2022

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

Dear Bankless Nation,

Last weekend, the BLVKHVND esports DAO won a world championship event, becoming the first decentralized organization to achieve a world title!

BLVKHVND 🌜☠️🌛 / UNITE WORLD CHAMPIONS @BLVKHVND

First Unite World Champions. Open Mint @ .005eth → Starts at 7pm EST → Ends Aug 28th at 7pm EST → Can redeem for physical → 50% of sale goes to team create.zora.co/editions/0x9f1…

The win was amazing, and it’s also among a spate of interesting advances that are coming to the fore around the crossroads of decentralized governance and NFTs right now. Some other things I’m watching excitedly include:

😜 jokedao innovating a new community-driven NFT governance system.
💡 Lil Nouns DAO pioneering an idea board system that’s poised to become adopted by DAOs far and wide.
🍴 Nouns Builder nearing, so soon projects can easily customize their own Nouns DAO forks.
🧃 Juicebox now being able to field NFT mint proceeds directly from Zora sales into a decentralized treasury.

Pay attention to these types of frontier NFT-adjacent governance experiments, because they’re paving important new pathways for the decentralized social happenings of tomorrow. In the meantime, thanks for reading and have a great weekend ✌️

-WMP

🙏 Sponsor: Sequence—developer platform + smart wallet to build user-friendly web3 apps✨

📣 General NFT News

eth.link is down.
nameless introduced StealthTest, a private cloud-based testnet for QA testing NFT projects.
Nouns DAO started the ninth round of its Launchpad program for Nounish builders.
Paradigm researchers unveiled Variable Rate Gradual Dutch Auctions (VRGDAs), a new token issuance mechanism built for Art Gobblers that lets projects release NFTs flexibly along a custom schedule.

🏆 Digital Collectibles

Pudgy Penguin #6873, the rarest NFT in the collection, resold for 400 ETH:

notEezzy 🧸 @notEezzy

rarest pudgy penguin just sold for 400 ethereum or $630,000!!

0xngmi released Tubbysea, a friendly experimental borrowing protocol for tubby cats holders.
Yuga Labs said it will only recognize the PoS Ethereum chain post-Merge.

🎨 Cryptoart

Chromie Squiggle #7046, a rare HyperRainbow, was acquired by Kevin Rose for 150 ETH:

Chromie Squiggle Sales Bot @absquigglebot

Chromie Squiggle #7046 was purchased for 150.00 $WETH ($211,036.5 USD) by opensea.io/accounts/0x868… from opensea.io/accounts/0x55a… Spectrum: HyperRainbow Type: Normal opensea.io/assets/0x059ed…

Proof of Beauty is holding a free mint of generative on-chain pixel art next week in honor of Ethereum’s upcoming Merge upgrade.
Don’t Panic by XCOPY resold for 500 ETH on SuperRare:

SuperRare Bot 💎 @SuperRareBot

💎 Don't Panic 💎 ✨ Artwork by @XCOPYART 💰 Sold to dreamingofxcopy for 500.0 ETH ($805,895.00) superrare.com/artwork/don%27… $RARE #CryptoArt #NFT

🎮 Decentralized Gaming

BLVKHVND became the first esports DAO to win a world title by topping the first-ever Pokémon UNITE Championship event. Bravo, and godspeed!

Pokémon UNITE Championship Series @UniteEsports

The epic moment when @BLVKHVND won it all 🏆 📺: twitch.tv/pokemonunite #PokemonWorlds | #PokemonUNITE | #UNITEesports

Axie Infinity released its latest balancing patch.
Aavegotchi announced FAKE Gotchis, a community-driven art collection.
TreasureDAO kicked off Bridgeworld Games by rolling out Harvesters, which are a new tool for farming MAGIC.

💽 Music NFTs

Coopahtroopa published This Week in Music NFTs - August 22nd.

🌐 Virtual Worlds

Chain Runners released interoperable metaverse avatars, which Nifty Island has already integrated.
Decentraland kicked off its Metaverse Art Week festivities.
MOCA launched its first Webaverse world:

MOCA - Museum of Crypto Art 🔜🕳🐇 @MuseumofCrypto

Today is the day. We’re LAUNCHING 🕳️🐇 🔥🔥 verse.museumofcryptoart.com 🔥🔥 Our first @webaverse world showcases #mocaROOMs curated by members from amazing web3 communities. Can you find your #NFTs? @artblocks_io @SuperRare @CyberBrokers_ @aavegotchi @braindrops_art 💓

Voxels listed new Chronos parcels.

💎 DeFi x NFTs

Gem integrated sudoswap listings:

Giancarlo @GiancarloChaux

sudoswap just went live on gem and you're already seeing it dominate floor listings for azuki and penguins change happens quick in this space

Hook, a new NFT call options protocol, launched on Ethereum.
squiggleDAO is now the largest liquidity provider of Chromie Squiggles on the peer-to-peer NFTfi lending platform.
SudoRare, a low-effort fork combo of LooksRare and sudoswap, rug pulled within hours of launching.
Uniswap is in talks with seven NFT lending protocols in an effort to unify liquidity in the NFTfi sector.
UNI holders approved the creation of the Uniswap Foundation.

Action steps

📸 Watch the new Magic Eden Deep Dive episode on Overpriced JPEGs
🌳 Watch the latest GovernorDAO and Humanode episodes on Green Pill
🧐 Catch up on my other write-ups from this week:
- Hook NFT options
- The BendDAO bank run
- How to get liquidity on your NFTs

Author Bio

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.

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.