NFTs are super social 🤝

AXS airdrop + staking, Snoop Dogg buys an XCOPY, TikTok turns to Immutable X, & more!

Oct 1, 2021

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

Dear Bankless Nation,

The world’s biggest social media giants are turning their gazes to NFTs via Ethereum and increasingly via Ethereum’s blossoming L2 ecosystem.

RYAN SΞAN ADAMS - rsa.eth 🦇🔊🏴 @RyanSAdams

I'm seeing a pattern play out in social media platforms Step 1: experiment with NFTs by tokenizing content Step 2: add NFT authentication Step 3: give users ability to issue NFTs Twitter is on Step 2. TikTok is Step 1. Everyone else will catch up fast. Crypto is inevitable.

It’s probably nothing, right. Or maybe, just maybe, these experiments really do hail the future of social media as on-chain, open, and programmable.

We’ll just have to wait and see what happens from here. In the meantime, the intrigue and possibilities are mounting, and major institutions are watching our big ol’ NFT party closer than ever before. Let’s keep givin’ ‘em something to talk about 😉

-WMP

🙏 Sponsor: Zerion—Your Gateway to the Metaverse✨

🏆 Digital Collectibles

Chromie Squiggle #4697, a bold hyper rainbow Squiggle, sold for 945 ETH this week 🤯

🏝nathanhead.eth🏝 @NathanHeadPhoto

Chromie Squiggle #4697 just sold for 945 ETH ($2.8 MILLION) The seller had held onto it since minting back in December 26th 2020. Wow.

Speaking of big sales, Bored Ape Yacht Club has a new ATH sales record thanks to Bored Ape #2087 selling for 769 ETH on Wednesday 🦍

Cryptojet 🙈🦍🐵 @Bitcojner

Is this a new #BAYC record? 🤯🤯🤯 769 $ETH - Happened earlier today @BoredApeYC opensea.io/assets/0xbc4ca…

🎨 Cryptoart

Nigerian artist Osinachi is auctioning 5 works of cryptoart through Christie’s Europe later this month 🎉
An anonymous collector acquired XCOPY’s All Time High in the City for 1,000 ETH 💎

SuperRare Bot 💎 @SuperRareBot

💎 All Time High in the City 💎 ✨ Artwork by @XCOPYART 💰 Sold to superrare88 for 1000.0 ETH ($2,924,080.00) SuperRare.co/artwork/all-ti… $RARE #cryptoart #NFT

Snoop Dogg (a.k.a. Cozomo de Medici) acquired XCOPY’s Some Asshole for 1,300 ETH!

Snoop Dogg @SnoopDogg

Game recognize game @XCOPYART

Cryptoart platform KnownOrigin unveiled triple lock royalties, an open-source system for “off-platform NFT royalties.”

🎮 NFT Games

Leading NFT game Axie Infinity airdropped AXS tokens to all players who played prior to Oct. 26th, 2020. AXS staking is now live too!

Axie Infinity🦇🔊 @AxieInfinity

Staking rewards are now live! You can claim and re-stake rewards once per 24 hours! Learn more about staking here axie-infinity.gitbook.io/axs-staking-gu… and stake your $AXS here stake.axieinfinity.com

Aavegotchis only on Polygon? Not anymore! You’ll be able to get your ‘Gotchi gang going strong on Ethereum next month courtesy of Rarible.

Rarible @rarible

Aawesome news, frens! 👻 @aavegotchi, playable NFTs with play-to-earn mechanics, have found their Ethereum home on Rarible.com. Arriving October 4th with a unique community rewards program! Learn more: link.medium.com/2A7mjPlQWjb

🌐 Virtual Worlds

Ethereum VR world Cryptovoxels is launching multiplayer support for Cryptovoxels Spaces.

🛒 NFT News & Platforms

Crypto exchange Kraken published a report on NFTs.
New Polygon-based NFT platform DoinGud published its litepaper.
PartyDAO releases Party Splits: a system for granting fractionalized NFT tokens to any address via the PartyBid app.
Nifty Gateway now supports global offers by trait.
Decentralized publishing platform Mirror opened its crowdfunding tool to the public.
Foundation creators can now publish NFT collections through independent smart contracts.
Meet Loot Exchange: a new bespoke marketplace for the Loot universe.

Spencer Noon 🕛 @spencernoon

🚨 Huge @lootproject News 🚨 A new community-owned marketplace for Loot just launched that looks poised to be a major economic primitive for the Loot economy 🚀 Unlike OpenSea who charges a 2.5% fee, @LootExchange charges 1% and fees go to a treasury controlled by Loot holders

💎 DeFi x NFTs

Sudoswap V2 has arrived! 🔃
Sushiswap’s NFT platform Shoyu has now been audited multiple times.
Very Nifty, the team behind NFT20, is preparing to relaunch the MoonCats-centric CUDL Finance on the Arbitrum L2.

Action steps

📺 Watch “The Crypto Gaming Revolution | Arianna Simpson” by Bankless
📺 Watch “AVATAR ROYALE! Cool Cats vs. Pudgy Penguins vs. BAYC | Top Signal” by Bankless
🔗 Read “Inside Chainlink’s new CryptoPunk oracle” by Metaversal
😸 Read “MoonCats Explained” by Metaversal guest writer Mason Marcobello
🚜 Read “How to earn fixed yield on BarnBridge” by Bankless (sBonds are NFTs)

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

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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.