The NFT Bear Market Is 🔥

Huge CryptoPunk sale, the Ronin wallet goes 📈, OpenSea fights scammers, & more!

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

Dear Bankless Nation,

There’s so much activity happening in this latest NFT bear market that it can be exhausting trying to keep up!

To be sure, I’m kidding about the “bear market” label — but certainly not about all the developments occurring around us right now.

Beyond the simplicity of the 🐻 or 🐂 framing, I think a better way to describe our ecosystem is that it’s primed. This can mean a lot of things, and play out in uneven ways, but ultimately what I’m getting at is NFTs have progressed past a sort of event horizon from which there’s no going back.

Like those who used the early internet, then, we too are seemingly at the start of one very long adoption ramp. That’s my two gwei, make of it what you will! And as always thanks for reading everyone, have a great weekend!


🙏 Sponsor: Nifty Gateway—buy, sell, and store NFTs!

🏆 Digital Collectibles

🎨 Cryptoart

🕹️ NFT Games

🌐 Virtual Worlds

  • The latest slate of Cryptovoxels updates were released.

🛒 NFT Platforms

  • OpenSea is fighting deceptive NFT offers by more prominently displaying the value and ticker symbol of bids. 

  • Rarible launched a new feature that allows you to hide NFTs you own but don’t want to display from your profile page. 

💎 DeFi x NFTs

  • Due soon, NFTX v2 will have sleek new token ticker designs. 

Action steps

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🙏Thanks to our sponsor

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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.