NFT Metropolis 🏙️
Axie Infinity hits a huge milestone, Sotheby’s sells Bored Apes, gremplin releases CrypToadz, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Metaphorically speaking, the NFT ecosystem is easily the most interesting cultural metropolis anywhere on the internet right now.
At least in my opinion that’s true, but seriously — what other community could even make such a claim today?
Perhaps ourcrypto-native perceptions are warped by, well, the 1,000-ish “crypto years” we’ve already lived since the start of 2021, but yes: we are indeed cultural captains now, maverick masters of the young metaverse.
Yet as is the case with any metropolis, the NFT ecosystem is teeming with activity in all directions at all times. This can lead to you being bombarded with stimuli and thus at times feeling overloaded! Remember, then, to routinely set aside some time for yourself to rest and recharge, whatever that means for you personally.
As always: be well, stay creative, and have a great weekend everyone ✌️
-WMP
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🏆 Digital Collectibles
Sotheby’s “Ape in”event saw a group of 101 Bored Ape Yacht Club collectibles auctioned for +$24M!
🎨 Cryptoart
gremplin, the artist behind iconic art of Nouns DAO, released CrypToadz -- a series of 6,969 toad-themed collectibles.
Artist 0xDEAFBEEF released FIRST, a satirical on-chain generative text NFT series about “NFT firsts.” The initiative raised +56 ETH for GiveDirectly.
🎮 NFT Games
+$1.7B in total sales: NFT game Axie Infinity is now “the most valuable NFT collection ever” according to DappRadar.
Yearn founder Andre Cronje released Rarity, a Loot-inspired on-chain game in which:
“Anyone can create a summoner, there are no limits, it doesn’t cost anything (other than gas). Once per day a summoner can adventure, earning 250xp. Once you have earned the required amount of xp to advance a level, you can level_up.”
🌐 Virtual Worlds
BAYC held a celebration event in Decentraland after this week’s big auction concluded 🐒
New words of wisdom from the open metaverse’s top wizard, jin:
🛒 NFT News & Platforms
Very Nifty (the team behind NFT20) unveiled Feather, an experimental NFT-based websites project.
OpenSea has facilitated +$5B worth of volume so far this year. How’s that for product market fit? The NFT marketplace also just rolled out a “Counter Offer” feature 🌊
Piplsay poll: 48% of Americans think NFTs are a good investment.
💎 DeFi x NFTs
DeFi dashboard Zapper now supports NFTX tokens ⚡
Action steps
❌ Read “Why Rick-Click Savers Flunk NFTs” by Metaversal
💸 Read “Racoon Rugged Society?” by Metaversal
👛 Read “How to Manage Your Wallet Like a Pro” by Bankless
🧠 Read “Cross-Rollup NFT Wrapper and Migration Ideas” by Vitalik Buterin
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🙏Thanks to our sponsor
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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.
