Return of the NFT Bulls

A Meebit sells for 1k ETH, zkSync activates NFT support, NFT limit orders near, & more!

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


Dear Bankless Nation,

As recently as last month, some of us joked NFTs were in a bear market. Survey the buy pressure across the ecosystem this week, though, and it’s clear that joke’s decisively dead for now!

Buy pressure and euphoria may come and go, but it does seem clear to me we’ve never been more surrounded by possibilities and opportunities than we are now in the NFT ecosystem.

To that I say make sure you’re having fun. Make sure you’re being safe and shrewd. Back and create stuff you believe in. Don’t let all the noise get to you, or stresss over every missed chance. Show others the way where you can, share your experiences where you can, your story is compelling.

Indeed, I think there’s a decent chance we’ll all look back one day and see that our actions in these times were more important than we could’ve realized. Let’s keep making the most of it then! Have a great weekend everyone, thanks for reading as always,

-WMP


🙏 Sponsor: Immutable X — Scaling Ethereum and NFTs!


🏆 Digital Collectibles

  • Meebit #17522, a rare double-faced pig, sold for a whopping 1,000 ETH last weekend! 🐽🐽

🎨 Cryptoart

🕹️ NFT Games

  • This week’s Axie Infinity beat: 

  • A new report suggests global fantasy ⚽ game Sorare is on the verge of raising +$530 million in new funding. 

  • Digital trading card game Gods Unchained outlined more of its plans for the upcoming $GODS token.

🌐 Virtual Worlds

  • The 2nd annual Decentraland Art Week kicked into gear this week!

  • The Sandbox sold a large 12 x 12 estate for 530,000 $SAND, or ~$280,000. 

  • Check out the new Cryptovoxels chat window ...

🛒 NFT News & Platforms

💎 DeFi x NFTs

  • Ethereum wallet Rainbow 🌈 is working on direct integrations with NFTX and NFT20.

  • Over the last month, DeFi dashboard Zapper.fi has seen +100,000 NFTs minted via its new gamified interface.

  • GenieSwap is working on an NFT limit order system. 

  • PleasrDAO is using some of its collected NFTs to underpin a $3.5 million loan from C.R.E.A.M. Finance’s Iron Bank.


Action steps


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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.