NFT stress test
Instagram + NFTs, Doodles airdrop, Uniswap’s $1T milestone, & more!
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.
Lil Nouns, a third-party Nouns DAO expansion project, launched its protocol.
Finiliar released a new project update.
Forgotten Rune Warriors minting started:
🎨 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:
💎 DeFi x NFTs
Uniswap (whose V3 LP positions are represented as NFTs) is nearing $1 trillion in cumulative trading volume:
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!
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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.