NFTs Are Winning 🏆
+1M art NFTs purchased, Aavegotchi starts Haunt 2, CryptoPunks floor booms, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
If you know you know.
In other words, the allure of NFTs quickly becomes self-evident for most people who dabble with them.
NFTs bring together so many interesting elements from so many different fields — e.g. culture, economics, technology, etc. — that growing numbers of folks are finding these digital assets to be easily among the the most interesting things around right now.
And why not, after all the world’s never seen anything like this culture legos + money legos movement before.
So yes, for many of us it’s increasingly obvious that NFTs are powerful and are going to lead to huge evolutions around society in the years ahead. In the meantime, we’re excitedly strapping in for the ride!
Whatever happens from here be sure to have a great weekend everyone, stay safe, and thanks for reading,
🙏 Sponsor: Immutable X — Scaling Ethereum and NFTs!
🏆 Digital Collectibles
The CryptoPunks floor price is now ~92 ETH, a new all-time high. With the rate things have been going lately, a +100 ETH floor could be right around the corner 🤯
Speaking of CryptoPunks, this week mainstream payments giant Visa purchased Punk #7610, hailing the NFT as the latest addition to the company’s “collection of historic commerce artifacts.”
Kevin Owocki and Austin Griffith released MoonshotBots, Gitcoin-themed NFT avatars whose minting proceeds will go to funding Ethereum public goods via Gitcoin Grants.
Over 1 million artworks have been sold across the top cryptoart platforms to date!
Three of the NFT ecosystem’s highest 7-day sales on the week came from Tyler Hobbs’s Fidenzas, namely Fidenza #313, Fidenza #772, and Fidenza #529.
Heard about the Mutant Garden Seeder cryptoart project yet? If not, don’t miss this insightful primer thread by Stefan Coburn 🧵
Cryptoart platform SuperRare just had its best daily volume period ever!
Dmitri Cherniak’s legendary “Goose” Ringer, Ringer #879, was acquired for 1,800 ETH earlier today 🐤
🎮 NFT Games
The Axie Esports 2021 event schedule is up!
Yield Guild Games announced the Yield Guild Open, a 64-team Axie Infinity tournament event offering ~$35,000 in prizes.
Aavegotchi kicked off Haunt 2 auctions and festivities this week.
Check out Wrasslers, a new on-chain NFT battler platform that lets you use your NFTs as avatar wrestlers 🤼♀️
🌐 Virtual Worlds
Cryptovoxels began auctions for parcels in the virtual world’s newly-created Miami district 🏝️
Parcel, the “Zillow for the Metaverse,” released its real-time Cryptovoxels map price appraisal tool 🔎
🛒 NFT News & Platforms
Ethereum creator Vitalik Buterin published a post outlining some ideas on how to improve the mechanisms of NFT sales to avoid “big annoying splats on the gas market.”
The Ethereum Name Service now supports importing DNS domains for use within ENS!
The Mirror publishing protocol unveiled a new editor system.
Nouns DAO has approved and queued its first governance proposal, “Donate 5 ETH each to 6 charities,” and is currently voting on its second proposal re: a “3D Nouns Generator.”
💎 DeFi x NFTs
NFTX generated +$1M for its liquidity providers (LPs) over the last 30 days.
🎊 Read “It’s a Punk’s World” in Metaversal
💎 Read “How to fractionalize NFTs” in Bankless
Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge.
🙏Thanks to our sponsor
Build an app in < 2 hours with gas-free NFTs on Immutable X, Ethereum’s Layer-2 scaling solution.
Immutable X is Ethereum’s first Layer-2 scaling solution for NFTs. Instantly scale your NFT application with instant trade confirmation, massive scalability (9,000 TPS+), zero gas fees -- without compromising user custody. Developed on top of StarkWare’s bleeding edge zero-knowledge rollup technology, our protocol ensures developers can level up and build a mainstream NFT game, dapp or marketplace in days, not months.
👉 Learn how to build with Immutable X here.
👉 Visit Immutable’s contact form and apply to build.
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.