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 maximalists 🧙
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 maximalists 🧙

Bankless Collectibles, new Uniswap NFT tech, Yuga’s Punk donation, & more!

William M. Peaster's avatar
William M. Peaster
Nov 18, 2022
27

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
NFT maximalists 🧙
Copy link
Facebook
Email
Notes
More
Share

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


Dear Bankless Nation,

Anecdotally speaking, it seems like a lot of NFT power users escaped direct exposure to FTX’s collapse. 

Why’s that?

Twitter avatar for @udiWertheimer
Udi Wertheimer @udiWertheimer
NFT maximalists: - never use leverage - can’t inflate supply - only do self custody - never look at USD value - don’t suck up to regulators Damn… They might actually make it
11:05 AM ∙ Nov 17, 2022
2,788Likes439Retweets

Well, a lot of people doubled down in crypto the past couple years through NFTs.

That matters because many of these same folks didn’t care about complex financial stuff like trading derivatives or trading with leverage on a centralized exchange — they just wanted to play around with digital items. 

That said, you need your own wallet to trade on NFT marketplaces, so the recent NFT boom has served as a pipeline for immediately getting many people into self-custodying their ETH and other digital assets onchain and not holding them in a CEX’s offchain database. 

Of course, self-custodying comes with significant responsibilities. Your keys, your crypto right — but the buck stops with you. We’ve seen the ugly side of this with all the stolen Bored Apes and so forth. 

Yet we can get better about educating and building guardrails here, and we will. In the meantime, it’s heartening to see there really is a new wave of settlers making their ways around the onchain frontiers. That’s worth applauding.

As for the task at hand, let’s now get caught up on the major headlines of the week. Thanks for reading everyone ✌️

-WMP


🙏 Sponsor: Sorare - Collect, Play, Win. Own Your Game.✨


📣 General NFT News

  • Bankless introduced Bankless Collectibles:

Twitter avatar for @BanklessHQ
Bankmanless @BanklessHQ
SBF was working behind our backs to kill DeFi in DC. Let’s undo some damage. We’re minting the legendary @SBF_FTX vs. @ErikVoorhees debate as a collectible podcast ✨ 100% of ALL proceeds go to @coincenter Actual effective altruism. TOMORROW ⬇️ collectibles.bankless.com
Image
10:21 PM ∙ Nov 17, 2022
395Likes61Retweets
  • Blur, the marketplace aggregator, announced plans to enforce and incentivize creator royalties. 

  • Builder DAO, which will oversee the Nouns Builder ecosystem, is now live:

  • Daylight, the wallet discovery service I recently covered, exited its beta and is now open to anyone with an Ethereum address. 

  • EthFS, an Ethereum file system for on-chain assets, deployed to mainnet. 

  • Flipside Crypto launched Badger, an on-chain organization management suite.

  • X2Y2 announced plans to enforce royalties on all NFT collections.

🏆 Digital Collectibles

  • Bored Ape Yacht Club trading activity this week pushed the BAYC floor price below 50Ξ for the first time since Dec. 2021. 

  • Wassies wrote off 60% of the creator team’s treasury as a result of the FTX collapse. 

  • Yuga Labs donated CryptoPunk #305 to the Institute of Contemporary Art in Miami as the first initiative of the Punks Legacy Project. 

    • Yuga Labs also acquired WENEW, the NFT content company behind the 10KTF collection, and gained Beeple as an advisor as part of the deal. 

🎨 Cryptoart

  • Gallery, an NFT curation project, opened to everyone. 

  • SuperRare sold out all 250 editions of its new RarePass: Genesis NFTs. 

🎮 Decentralized Gaming

  • Defifa, a pop-up NFT game for the 2022 FIFA World Cup, is kicking off next week. 

  • Sony, creator of the popular PlayStation consoles, filed a patent for an in-game NFT assets system. 

💽 Music NFTs

  • Sound had another full week of collectible music drops:

🌐 Virtual Worlds

  • Nike unveiled .SWOOSH, a platform for the athletic apparel giant’s virtual creations. 

  • NonFungible.com launched its virtual HQ in Decentraland. 

💎 DeFi x NFTs

  • Uniswap introduced Permit2 and the Universal Router, new smart contracts that can efficiently aggregate NFT and ERC20 token swaps. 

  • UpShot, an appraisal platform for NFT financial markets, opened to the public.


Weekly action steps

  • 🆕 Read 5 Reasons This Could Be the Crypto Bottom in Bankless 

  • 🗣️ Watch How We Rebuild with Kraken’s Jesse Powell on Bankless

  • 🌱 Watch Is Crypto Good for the World? on Green Pill 

  • 🙇 Catch up on my other write-ups from this week: 

    • ✧ The NFT Skill Tree

    • ✧ Multiplayer Crypto with Party Protocol

    • ✧ How to Take Custody of Your Crypto Keys


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!


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


🙏Thanks to our sponsor

SORARE

Play the free-to-play NFT fantasy sports game now. Sorare is the official partner of the NBA, MLB and more than 300 soccer clubs.

👉 Get Started Now!


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
velocity4escape's avatar
GogaBogdan's avatar
CryptoReuMD's avatar
William M. Peaster's avatar
27 Likes
27

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
NFT maximalists 🧙
Copy link
Facebook
Email
Notes
More
Share

Discussion about this post

User's avatar
Zora V3 is 🔥
Zora’s new protocol infra is a step forward for the NFT space!
Jan 25, 2022 • 
William M. Peaster
47

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
Zora V3 is 🔥
Copy link
Facebook
Email
Notes
More
6
Bored Ape Mutation Madness! ⚗️
BAYC introduces Mutant Apes, leading to a fun NFT mutation frenzy!
Aug 31, 2021 • 
William M. Peaster
25

Share this post

Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
Bored Ape Mutation Madness! ⚗️
Copy link
Facebook
Email
Notes
More
2
Why Right-Click Savers Flunk NFTs ❌
French philosopher Jean Baudrillard would tell right-click savers they have NFTs all wrong!
Sep 8, 2021 • 
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 ❌
Copy link
Facebook
Email
Notes
More
3

Ready for more?

© 2025 Ryan Sean Adams
Privacy ∙ Terms ∙ 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.