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Nounish philosophy of subtraction 🧮

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Nounish philosophy of subtraction 🧮

Azuki's physical tokens, $BLUR care packages, Rarible 2, & more!

William M. Peaster
Oct 21, 2022
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Nounish philosophy of subtraction 🧮

metaversal.banklesshq.com

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


Dear Bankless Nation, 

At this year’s Devcon event, Ethereum Foundation executive director Aya Miyaguchi gave a talk on the EF’s philosophy of subtraction.

This entails subtracting power to avoid the “natural tendency of organizations to grow and accumulate power.” It’s all about fostering a strong decentralized Ethereum community that can thrive with or without the EF.

The EF’s subtraction mindset

Interestingly, this week in the NFT ecosystem we saw this philosophy similarly embraced by Nouns DAO as the decentralized collective announced plans to wind down its centralized Discord server for good: 

Via foobar

Why?

To no longer have a single centralized “official” venue where Nouns communications happen. Instead there will bloom many community venues and from that a stronger, more decentralized Nouns ecosystem. 

Twitter avatar for @juanhernanx
Juan ⌐◨-◨ @juanhernanx
Image
12:37 PM ∙ Oct 17, 2022
95Likes21Retweets

There’s been plenty of debate about the decision. But in my opinion Nouns DAO continues to be among the most important projects in NFTs because of its willingness to make these sorts of moves. 

In other words, the group boldly pushes out opportunities rather than safely consolidating power, and I think that’s special. Sometimes subtraction is addition. 

All that said, thanks for reading everyone. Now let’s get you caught up on on the other big NFT happenings from this week ✌️

-WMP


🙏 Sponsor: Upgrade to Bankless Premium to receive the new Monthly Token Report! ✨


📣 General NFT News

  • Azuki introduced Physical Backed Tokens (PBT), an open-source token standard for tying physical items to digital tokens. 

  • Blur, a marketplace aggregator for NFT power users, launched to everyone and unveiled $BLUR airdrop plans:

Twitter avatar for @blur_io
Blur @blur_io
Blur is officially LIVE! To celebrate our launch we’re airdropping Care Packages containing $BLUR tokens to everyone who’s stuck around in the bear market. You have 14 days to claim ⏰
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4:56 PM ∙ Oct 19, 2022
9,051Likes2,816Retweets
  • Quix is running an L2 NFT bridging contest through the rest of today. 

  • Rarible unveiled its 2.0 platform, which provides aggregated listings, bespoke collection marketplaces, revamped $RARI rewards, and more. 

  • Tessera is working on new features for Nounlets releases.

🏆 Digital Collectibles

  • CryptoKitties Founder Cat #21 resold for 60Ξ ETH this week:

Twitter avatar for @AJY
ajy.eth @AJY
Congratulations! I love Cryptokitties ❤️❤️❤️! 😍 Founder Cat #21 sold for 60 Eth! Let’s go Japan 🇯🇵 #nftjapan #OG #cryptocurrency #NFTMarketplace
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4:49 PM ∙ Oct 18, 2022
  • Reddit Collectible Avatars, which are Polygon-based NFTs, now have ~3M holders. 

  • Warner Bros. released a digital collectibles series based on the first Lord of the Rings film:

Twitter avatar for @punk9059
NFTstatistics.eth @punk9059
Lord of the Rings launched an NFT to gain access to behind-the-scenes content and all their films this morning. The $100 passes (999 count) sold out in under 15 minutes. The $30 passes (10,000 count) have only sold 5%. Degens are skeptical of 0.02 ETH mints.
Image
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4:22 PM ∙ Oct 21, 2022
102Likes9Retweets

🎨 Cryptoart

  • The Lumen Prize presented artists Aaron Penne and Boreta with the 2022 NFT Award for their Rituals - Venice series:

Twitter avatar for @lumenprize
The Lumen Prize @lumenprize
💫 Congratulations to @aaronpenne & @boreta for winning the 2022 NFT Award with the work "Rituals - Venice" Find out more about this project here: bit.ly/3ggFbBj The NFT award is sponsored by @RtClick_Save
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6:30 PM ∙ Oct 19, 2022
188Likes30Retweets
  • SuperRare added support for more Blueprints collections via Async Art. 

🎮 Decentralized Gaming

  • Axie Infinity unveiled a Halloween Bonus AXS Leaderboard Rewards campaign:

Twitter avatar for @AxieInfinity
Axie Infinity🦇🔊 #AxieOrigins @AxieInfinity
Playing hard through the middle of the season can be a grind! 🎃 To pumpkin-spice things up, let's try something new: Halloween Bonus AXS Leaderboard Rewards! The top 20k players on Halloween will receive a prize pool of 10k bonus AXS. Full details👇 axie.substack.com/p/halloween
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3:44 AM ∙ Oct 18, 2022
702Likes237Retweets
  • Sorare is launching an NFT-based NBA fantasy sports game. 

💽 Music NFTs

  • Arpeggi published A Year in Review upon its first birthday. 

  • PROBCAUSE sold out his Space and Time drop on sound.xyz. 

🌐 Virtual Worlds

  • Decentraland announced the details of the 2022 Decentraland Metaverse Music Festival. 

  • Optimism + Lattice announced OPCraft, a fully onchain 3D voxel world:

Twitter avatar for @latticexyz
Lattice @latticexyz
☀️☁️☀️ 1/ Announcing #OPCraft 🔴👑 Over the last few months, we have been working on an exciting technical collaboration with @optimismFND Using our MUD on-chain game engine & @optimismFND’s OP Stack, we built a 3D Autonomous World dev.optimism.io/opcraft-autono… 🌊🐚🌊
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9:37 PM ∙ Oct 18, 2022
418Likes113Retweets

💎 DeFi x NFTs

  • sudoswap has reached +40,000Ξ in total trading volume.


Action steps

  • 👋 Read What you missed at Devcon in Bankless

  • 📺 Watch The future is fiat | interview with Noah Smith on Bankless 

  • 🌱 Watch Web3 social with Stani Kulechov on Green Pill

  • 🙇 Catch up on my other write-ups from this week: 

    • ✧ A sneak peek of Blur

    • ✧ The Reddit NFT surge

    • ✧ The Essential Guide to DeFi on Bitcoin


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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It’s where we:

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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.

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