Are NFTs Back? 😃

Weekly Roundup: Frame taps Arbitrum, OpenSea Shipyard, Yuga’s court win, & more!

Oct 27, 2023

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

Dear Bankless Nation,

It looks like daily NFT trading volume is on the mend.

Is the latest bear market ending? That remains to be seen, though the signs of life we’ve had in recent days have been encouraging.

Honestly, my gut tells me we’re not out of the woods yet. But even so, that’ll just give us more time to create and experiment and learn ahead of the next great NFT surge.

In the meantime, have a great weekend and thanks for reading everyone. Time for the weekly roundup! ✌️

-WMP

🙏 Sponsor: Kraken — Kraken NFT is built for secure NFT trading ✨

📊 The big picture

Over the past week, the floor-based market cap of the NFT space declined from 5.3 million ETH to 5.1 million ETH for a 3.77% drop ⤵️

🔝 7D top collections by volume

🏹 Settle, Hunt, Claim, Repeat.

Be more bankless and become a Bankless Citizen today!

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📰 General news

Frame, an NFT L2, chose Arbitrum for its tech stack.
mint.fun introduced mint referral rewards.
OpenSea unveiled Shipyard, a set of smart contracts for NFT creators.
Paragraph added support for Zora Network.
PoolTogether launched an open edition drop to commemorate its v5 release.
Zora launched mint referral rewards for Zora embeds.

🏆 Digital collectibles

Blitmap rolled out its Fragments of the Machine comic book in stores.
Yuga Labs won its court case against Ryder Ripps et al.

🎨 Cryptoart & music

Async Art is winding down operations.
Folia announced Coordinates, a new cryptoart series by Travess Smalley.
Sound launched the ability to gift songs.

🎮 Decentralized gaming

Gaul is hosting a public playtest next week.
Sky Smash integrated Axie Experience Points (AXP).

🌐 Virtual worlds

Flamingo DAO unveiled a dedicated museum in Hyperfy.

🪙 NFTfi

Arcade announced ArcadeDAO and the ARCD token.
0xmons introduced sudoshort, a protocol built on sudoswap that allows shorting NFTs.

🎆 Mint spotlight: Prize Printer

PoolTogether, the no-loss prize savings game, just launched its v5 protocol. The new release comes with an array of updates, including more assets and a simpler prize flow. If you’ve got any idle DAI, USDC, or WETH around, you can put them into action on the new cabana.fi website, and if you want to support and commemorate the release, PoolTogether’s just dropped Prize Printer as the first in a series of v5-themed NFTs.

🙇 Insights to level up your web3 knowledge!

1. cygaar on data availability 📊
2. Vasa on Privy wallets 👛
3. WASD on WASD Guild 👾

✨ My tool of the week: Juicecrowd

Developed on and by the creators of Juicebox, Juicecrowd is a new app designed to facilitate crowdfunding campaigns on Ethereum. It operates in "Crowds," which are small cohorts, each accepting up to 10 projects that then receive support and guidance in addition to raised funds. Think Gitcoin + an accelerator. If this sounds cool to you, take note because Juicecrowd's first cohort, JC01, is now accepting submissions through Nov. 1st, 2023, for early-stage web3 projects actively seeking funding!

😜 Get ready for the next wave now…

P.S. Weekend quests!

🧃 Explore Juicecrowd and PoolTogether v5
📚 Collect this week’s Metaversal posts on Mirror
🆕 Catch up on my latest write-ups:
- 📦 RWAs and NFTs
- 🔗 Understanding Onchain NFTs
- 🎮 Bull Market Character Classes: Expansion Pack

A Bankless Citizen ⚑ turned $264 into $6,077 last year. A 22x ROI 🚀 in a bear market!

Level Up

🙏Thanks to our sponsor

KRAKEN NFT

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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.