NFTs in Q1 2021: A+
SuperRare raises $9M, EulerBeats launches Engima, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
With Q1 2021 now over, it’s worth noting the NFT ecosystem really shined over the last three months.
Veteran projects performed well and started garnering mainstream interest, and we also saw a flurry of promising upstart projects arrive that are opening up new possibilities around NFTs.
Taken altogether, you just have to be excited about NFTs right now. The possibilities of this technology have never been more wide open, and many of us can see the fun is only just beginning.
If you know, you know!
-WMP
🙏 Sponsor: Nifty Gateway—buy, sell, and store NFTs!
🏆 Digital Collectibles
There’s a new standing bid of 3,000 ETH (~$6M) on rare alien CryptoPunk #3443!
The current CryptoPunks price floor is ~15 ETH.
On-chain generative music project EulerBeats released its second collectibles collection, Enigma 💽
🎨 Cryptoart
Popular cryptoart platform SuperRare raised $9M in its Series A funding round.
The artist Pak is getting ready for their Sotheby’s NFT drops 🖌️
Nifty Gateway had an action-packed week of open edition drops from artists like Kidmograph, Ferry Corsten, and more.
Verdigris Ensemble + Bryan Brinkman are collaborating on the first programmable music release on Async Art.
Artist Kjetil Golid released the Paper Armada series, his first through the Art Blocks Playground.
🕹️ Blockchain Games
DeFi-centric NFT game Aavegotchi just launched its 4th raffle giveaway contest.
Illuvium, a coming auto battler game, successfully completed its Balancer Liquidity Pool Launchpad (BLP) for its $ILV token.
After a brief and baseless suspension, the Axie Infinity Twitter account has returned.
Global fantasy ⚽ game Sorare is currently investigating some compromised accounts.
🌐 Virtual Worlds
Cryptovoxels is holding 3-day auctions for Milan, Helios, and Poneke parcels right now.
Decentraland has integrated with the Polygon scaling solution to avert high gas fees.
The Artvatars project has completed their HQ build in Somnium Space.
The Sandbox gaming world just launched its NFT Marketplace beta.
🛒 NFT Marketplaces
Favoriting is now live on OpenSea! Favorite your favored projects and easily keep track of them in your OpenSea profile!
OpenSea and Immutable X have partnered up to bring Immutable X’s L2 collectibles to OpenSea’s marketplace.
Meet Palm, a new NFT ecosystem + marketplace that’s gunning to create a very UX-friendly platform for NFT users.
NFT marketplace Cargo has integrated support for inexpensive NFT minting via the xDai sidechain.
Rarible partnered with FM Gallery 🎨
💎 DeFi x NFTs
You can now borrow against NFTX’s $PUNK and $MASK tokens on Ruler Protocol.
Very Nifty has added flash loan support for any of nft20’s NFT pools.
VC firm a16z released the a16z NFT Canon, a collection of important and helpful NFT resources.
Action steps
📰 Read “zkEVM + NFT = The Future” by Metaversal
📰 Read “How to Mint Art Blocks NFTs” by Metaversal
Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge.
🙏Thanks to our sponsor
Nifty Gateway
The all-in-one platform that makes it easy to buy, sell, and store NFTs!
Nifty Gateway works with both successful and up-and-coming artists, musicians, and brands to create limited Nifty (NFT) collections that are available on our marketplace.
👉 Visit NiftyGateway.com and start your NFT Collection today!
👉 NEW DROPS BY TOM YOO, GARY CARTLIDGE, & MORE OUT NOW!
Lastly, congratulations to subscriber Julian Johnson for winning the final Unstoppable .crypto domain of the Metaversal giveaway contest! Enjoy your new .crypto NFT! 🎉
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.