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Recent NFT controversies ☕️

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Metaversal

Recent NFT controversies ☕️

CrypToadz 100% on-chain, Fractional rebrands, Gods Unchained rises, & more!

William M. Peaster
Aug 19, 2022
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Recent NFT controversies ☕️

metaversal.banklesshq.com

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


Dear Bankless Nation, 

The NFT ecosystem, growing as it is in all directions, has been wrangling from one hot topic to another lately. The biggest of these ongoing debates have centered around heady questions like:

  1. Should NFT projects offer licensing agreements to holders, or should projects submit their IP to the public domain via CC0?

  2. Is AI art authentic art? 

  3. Is the 0% NFT royalties approach, a la Sudoswap, acceptable?

My quickfire answers to each of these questions respectively are: 1) it depends on the circumstances, 2) absolutely AI art is real art, and 3) not in all cases but again it depends on the circumstances. 

Ultimately, the design space around NFTs is totally open and essentially endless — and this reality will make the ecosystem increasingly multiplicitous over time — so expect more and more big debates going forward.

Keep your footing by tracking and thinking through the arguments of supporters, critics, and onlookers alike, as a bird’s-eye view will best position you to critically and fairly approach these debates. In the meantime, thanks for reading and I hope you have a great weekend ✌️

-WMP


🙏 Sponsor: Sequence—developer platform + smart wallet to build user-friendly web3 apps✨


🛒 General NFT News

  • Fractional rebranded to Tessera and announced a $20M Series A raise.  

  • TreasureDAO hired Anonymice creator MouseDev to its Bridgeworld team. 

  • Unlock Protocol unveiled new monetization options for its users. 

  • Zora and Connext rolled out Lanyard, an open-source tool for creating universal NFT allowlists. 

🏆 Collectibles

  • BAKC #8234 resold for $500k, marking the new biggest BAKC sale to date: 

Twitter avatar for @boredapebot
boredapebot @boredapebot
Dog #8234 was purchased for 499998.0 USDC opensea.io/assets/ethereu…
Image
11:07 PM ∙ Aug 18, 2022
379Likes48Retweets
  • Chimpers now has over 4,000 NFTs staked in its gamified DOJO staking hub. 

  • CrypToadz are now completely on-chain. 

  • Finiliar minted out and held its art reveal:

Twitter avatar for @stevefink
evets.eth ⌐◨-◨ @stevefink
these are fun :) @finiliar
Image
6:22 PM ∙ Aug 19, 2022
44Likes8Retweets
  • Rally is offering fractional ownership of Noun #160. 

  • Yuga Labs published the new CryptoPunks and Meebits licensing agreements. 

🎨 Cryptoart

  • Art Blocks unveiled its newly structured Curation Board, whose luminaries include Anne Spalter, Casey REAS, Dmitri Cherniak, Micol Ap, and beyond:

Twitter avatar for @artblocks_io
Art Blocks @artblocks_io
1/🧵 Over the past months, the AB Team has been adding structure to our Curation Board and our project review process Keep reading to learn why we're making the change, then read this article to learn about the members of the Art Blocks Curation Board👇 medium.com/the-link-art-b…
medium.comMeet the Art Blocks Curation BoardArt Blocks Curation Board members are responsible for reviewing, critiquing, and selecting Art Blocks projects to be included in Art…
12:28 AM ∙ Aug 18, 2022
314Likes50Retweets
  • 6529 acquired The Sailor by FEWOCiOUS for 350 ETH from fellow cryptoart collector YeahYeah.

🎮 NFT Gaming

  • Axie Infinity launched Origin Portal minting for Ronin Runes and Charms:

Twitter avatar for @AxieInfinity
Axie Infinity🦇🔊 @AxieInfinity
Ronin Runes and Charms can now be minted through your Origin Portal 👇 marketplace.axieinfinity.com/profile/origin… Once these are minted as tokens on the Ronin blockchain, you can list them for sale. 📺 | Tutorial: youtube.com/watch?v=SNJ1no…
Image
11:00 AM ∙ Aug 19, 2022
189Likes58Retweets
  • The Forgotten Runiverse fantasy MMO is slated to launch in the first half of 2023.

  • Gods Unchained, the NFT trading card game, has seen a recent spike of activity on ImmutableX:

Twitter avatar for @blockworksres
Blockworks Research @blockworksres
ImmutableX has jumped Solana in daily NFT dollar sales volume, ranking second only to Ethereum. The volume increase has been led by Gods Unchained, DC Comics, and Illuvium Land.
Image
3:48 PM ∙ Aug 18, 2022
766Likes147Retweets

💽 Music

  • Coopahtroopa announced the first artists accepted to his Music NFT Launchpad program. 

🌐 Virtual Worlds

  • Decentraland is kicking off the Metaverse Art Week 2022 event next Wednesday.

💎 DeFi x NFTs

  • Uniswap (which has NFT LP positions in V3) optimized its routing APIs to find more trade routes between Uniswap V2 and V3:

Twitter avatar for @Uniswap
Uniswap Labs 🦄 @Uniswap
Hey swappers 👋 Our routing APIs can now find more routes between v2 and v3 — ensuring that swaps are always taking the most optimal route and finding the best prices. Big thanks to our Summer Intern, @_ericzhong, for this update!
Image
3:55 PM ∙ Aug 15, 2022
336Likes41Retweets
  • Aelin, a deal coordination protocol on Optimism, activated NFT-gated pools. 

  • Arcade, an NFT borrowing and lending protocol, launched its V2 system.


Action steps

  • 📸 Watch the IP Lawyers Talk NFTs panel and an interview with Venice Music’s Austin Hurwitz on Overpriced JPEGs

  • 🌳 Watch interviews with Ceramic Network’s Danny Zuckerman and Upala’s Petr Porobov on Green Pill

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

    • NFT minting UI tools 

    • Creating an NFT allowlist

    • The Essential Guide to GMX


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!


Subscribe to Bankless. $22 per mo. Includes archive access, Inner Circle & Badge.


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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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Recent NFT controversies ☕️

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DabDragon
Writes DabDragon’s Newsletter
Aug 19, 2022Liked by William M. Peaster

While we like to think that NFTs have apexed and everyone knows about them but I dare you to ask 10 people at random what an NFT is and you will get 12 different answers. NFTs are still growing and with growing Comes growing pains, in other words we are all looking for the best way to create and sell and still receive royalties but some of us are just artists and what we really need is Crypto Managers for Artists just like actors sports figures and singers have. I would pay 10% for this.

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BACKER.B
Writes New Age Finance
Aug 23, 2022

Hey, i’m a fellow crypto enthusiast and researcher who writes for nftspremier.com. I’d like to know if you’d be interested in publishing your articles on the website. Keep up the good work! Thanks so much

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