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NFT stress test

Instagram + NFTs, Doodles airdrop, Uniswap’s $1T milestone, & more!

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William M. Peaster
May 13, 2022
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Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation, 

This past week in crypto and NFTs has been one for the books, to say the least. 

Between the collapse of Terra and the revelation of the Azuki project’s connection to multiple rugpulls, there’s been no shortage of major drama around in recent days. 

In times like these, it can be helpful to step back and catch your breath, take stock of your situation, and use a “wait and see” approach so things can settle some before you figure out your next moves. 

In the meantime stay creative, and I hope you have a great weekend ✌️

-WMP


🙏 Sponsor: Rarible – discover & trade NFTs across multiple blockchains and communities✨


🛒 NFT News & Platforms

  • Gem added Sweeps Data, a new analytics suite for NFT sweeping stats. 

  • Genie rolled out UpShot NFT appraisals.

  • Instagram started testing out support for NFTs; Rainbow is among the first wallet solutions supported in the trial. 

  • Vitalik Buterin co-authored a paper on Decentralized Society ft. soulbound NFTs this week.

🏆 Digital Collectibles

  • Azuki creators Chiru Labs revealed involvement in multiple NFT rugpulls. 

  • Doodles conducted a free dooplicator airdrop. 

  • Chain Runners XR launches next week.

  • HyperLoot introduced HyperLoot Cards, a decentralized card game. 

Twitter avatar for @hyperloot_
HyperLoot (Minting) @hyperloot_
Launching HyperLoot Card. A decentralized approach to building a card game and board game 🃏🌏 hyperlootproject.com/hyperloot-card
Image
5:06 PM ∙ May 10, 2022
222Likes73Retweets
  • Lil Nouns, a third-party Nouns DAO expansion project, launched its protocol.

  • Finiliar released a new project update.

  • Forgotten Rune Warriors minting started:

Twitter avatar for @forgottenrunes
Forgotten Runes Wizards & Warriors @forgottenrunes
It hath begun Summon thy Warrior forgottenrunes.com/warriors
Image
5:03 PM ∙ May 11, 2022
101Likes27Retweets

🎨 NFT art

  • ROBNESS launched the Desktop Statue Systems PFP project. 

  • Autoglyph #317 resold for 199 ETH. 

🎮 NFT Gaming

  • Bridgeworld updated its whitepaper.

  • Roblox is exploring wrapping digital items into NFTs.

  • Axie: Origin is now available to download on Android mobile devices.

💽 Music

  • Coopahtroopa.eth published This Week in Music NFTs - May 9th.

  • Sound unveiled Range Editions to offer musicians more flexibility during drops. 

🌐 Virtual Worlds

  • Cryptovoxels has conducted a snapshot of parcel and costume owners for the project’s upcoming FOLK airdrop.

  • Otherside released a new tech demo:

Twitter avatar for @OthersideMeta
OthersideMeta @OthersideMeta
And here’s a sneak peak of the First Trip, the tech demo from @Improbableio. Can’t wait to share the experience with you.
12:40 AM ∙ May 12, 2022
16,055Likes5,136Retweets

💎 DeFi x NFTs

  • Uniswap (whose V3 LP positions are represented as NFTs) is nearing $1 trillion in cumulative trading volume:

Twitter avatar for @tokenterminal
Token Terminal @tokenterminal
Cumulative trading volume on @Uniswap is closing in on $1 trillion:
Image
4:11 PM ∙ May 9, 2022
52Likes17Retweets
  • APE holders are voting on two new ApeCoin DAO proposals. 


Action steps

  • 📺 Watch The Full Aku Story with Micah Johnson on Overpriced JPEGs

  • 📺 Watch DoinGud with Manu Alzuru on Green Pill

  • 📺 Watch The Frontier Meta-Game with Fiskantes on Layer Zero

  • 🧐 Read my latest tactic How to maximize your ETH staking yields


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

RARIBLE

Rarible.com is a top multichain NFT marketplace underpinned by Rarible Protocol, the open source, community-governed NFT API that simplifies building community marketplaces and any other NFT projects and integrations.

💸 Connect up to 20 Ethereum, Polygon, Tezos, Flow wallets to your profile

🙋‍♀️ Place a floor bid on BAYC, BossBeauties, mfers, and other NFT collections 

📲 Monitor and manage your NFT portfolio in Rarible mobile app (iOS, Android) 

🔗 Start building on Rarible Protocol: no API key, no rate limit, your own node option


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.


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

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

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Metaversal moved to bankless.com/metaversal
Bored Ape Mutation Madness! ⚗️
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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

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Metaversal moved to bankless.com/metaversal
Why Right-Click Savers Flunk NFTs ❌
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