Optimistic NFTers 😄

Accidental CryptoPunk sale, Axie Infinity launches Katana, SuperRare’s making moves, & more!

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

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Dear Bankless Nation, 

We’re at the precipice of the open metaverse. There’s a tangible sense of optimism in the air. 

We have hope in each other and in our growing toolboxes, e.g. NFTs, DeFi, DAOs, L2s. We have hope we can face everything ahead with skill, wisdom, and resolve. 

There’s tons of work left to do in all directions, to be sure!

But pound for pound I don’t think you’ll find a more optimistic space than what we have here right now. Hold on to that, and fight for it. It’s priceless and will lead to much good. 

As always, have a great weekend everyone and thanks for reading!

-WMP

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🙏 Sponsor: Zerion—Your Gateway to the Metaverse✨

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🏆 Digital Collectibles

• A seller accidentally sold CryptoPunk 7557 for 4.44 ETH 😢

• Hyppe’s Alpha Race #1 is now finished!

• NFT avatar experiment project Nouns DAO just launched small grants funding for creative contributions to the Nouns ecosystem. 

• Speaking of Nouns, check out their new temporary Brave browser takeovers:

4156 @punk4156

this morning, a collaboration between @brave web browser and @nounsdao went live in the metaverse👇 [art by: @Goldypix, @sn0wberry1, J0hN]

• The Matrix PFPs coming to a Nifty’s near you. 

• Larva Labs just released 3D Meebits models. (Check out this guide on the VRM model).

Larva Labs @larvalabs

😶 Meebits Update 😶 Custom rigged models in 3 different formats (VRM, FBX, GLB) are now available for owner download. These vastly simplify usage in games and virtual worlds. This is also our 1st collab with @MeebitsDAO - special thanks to @dparnas @kerimbonia and @dankvr! 🧵👇

🎨 Cryptoart

• Artist Ben Kovach is releasing Edifice as an Art Block Curated series this upcoming Monday.

Jeff @ippsketch

"Edifice" by @bendotk's drops Monday on Art Blocks Curated (more info at tweet below). Here are 9 incredible outputs Ben shared. I haven't known Ben long, but he's quickly become a good friend, and I'm very excited for him. Can't wait to see 975 more mints

Ben Kovach @bendotk

It's official! "Edifice" is coming to Art Blocks Curated on Monday, November 8th. Minting begins at 12:00 Noon Central Time. Here's Mint #0, a looming grayscale tower that I find quite relaxing -- a fitting genesis to the series. Edifice has been been a labor of love. 🧵! https://t.co/6tlBJJzjEh

• A massive 1330 ETH bid on XCOPY’s A Coin for the Ferryman was accepted!

SuperRare Bot 💎 @SuperRareBot

💎 A Coin for the Ferryman 💎 ✨ Artwork by @XCOPYART 💰 Sold to jpeggy for 1330.0 ETH ($6,032,986.40) SuperRare.co/artwork/a-coin… $RARE #cryptoart #NFT

• Big month for music NFTs on Catalog!

• SuperRare: all SR artists can now use Series contracts, new SR volume record for Oct. 2021, and an exhibition with ART X Lagos. 

🎮 NFT Games

• Axie Infinity launched Katana, the leading NFT game’s new bespoke decentralized exchange.

Axie Infinity🦇🔊 @AxieInfinity

Today, we take one step closer to a more prosperous future for our nation ✨ Katana, the Ronin Dex, is live! You can now deposit liquidity and swap tokens. RON rewards will be activated for the AXS/ETH & SLP/ETH pools later this week. Full article 👇 axie.substack.com/p/katana

• EA hails NFTs as “future of our industry.”

• Check out the Illuvium gameplay reveal trailer. 

• The Parallel Pack Drop 2 sold out in less than 10 seconds. 

🌐 Virtual Worlds

• The Sandbox team just raised a $93M Series B 🏖️

• Decentraland DAO votes to make a donation to the Blender Foundation, the organization behind the open-source 3D creation tool. It’s a big deal.

• Cryptovoxels activity is trending sharply up! Also, Igloo parcels just dropped.

• Why we need an open metaverse? Centralized app stores “are like armed checkpoints.”

jin @dankvr

.@neos_vr had to remove all token functionality from builds distributed on Steam because of Valve's new rules on crypto. App stores are like armed checkpoints and toll booths, doesn't matter how benevolent the leader of the store is web is the only guarantee of fair distribution.

🛒 NFT News & Platforms

• NFT-native investment firm Sfermion just raised $100M. 

• MetaMask activated support for ERC-1155 NFTs and NFTs with IPFS-linked images. 

💎 DeFi x NFTs

• Remember Axie Infinity’s Katana? The DEX is now offering RON liquidity rewards for two pools, AXS-WETH and SLP-WETH. Yield farm cautiously and responsibly, if you try.

The Jiho🦇🔊 @Jihoz_Axie

You can now farm RON! 1. Deposit AXS/ETH or SLP/ETH liquidity. katana.roninchain.com/#/pool 2. Stake your liquidity pool tokens: katana.roninchain.com/#/farm

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Action steps

• 🛡️ Read A defense of Ethereum and NFTs by Metaversal

• 🌠 Read Ethereum is metaverse infrastructure by Metaversal

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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.

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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.