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!

-WMP

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

🏆 Digital Collectibles

• Alien CryptoPunk sales are a rare occurrence, so the NFT ecosystem was excited this week by CryptoPunk 7523 selling for $11.75 million amid Sotheby’s “Natively Digital” curated NFT auctions 👽 

  

• The CryptoPunk floor price is 15 ETH, or ~$36,400, right now 🏷️  

  

• Over 4,000 unique addresses now own Bored Ape Yacht Club (BAYC) NFTs 🦍 

• Ponderware, the team behind MoonCats Rescue, is selling two 2017 MoonCats via Dutch Auctions on NFT20 next week 😸 

🎨 Cryptoart

• Fidenza, the latest curated drop on generative art platform Art Blocks, was a smashing success. Artist Tyler Hobbs sold out the series’s 999 pieces in 20 minutes for 170 ETH!

  

• Speaking of Art Blocks, Lot 4 from Sotheby’s “Natively Digital” sale, a group of 19 first-gen Art Blocks pieces, sold for $81,900 at auction. 

• “The New Octahedron,” an iconic Ethereum-centric artwork that was famously featured on ethereum.org, was listed on Foundation by its creators, THE LOL INK DAO. 

• Artist Carlos Marcial and collector Rudy Adler are teaming up to exhibit Marcial’s iconic “Here Comes Fiat” in Austria’s first-ever cryptoart museum exhibition ...

Carlos Marcial @carlosmarcialt

"Here Comes Fiat" will be showcased in the first ever museum exhibition of #cryptoart/#NFTs in Austria. 🇦🇹 I took this decision together with @rudyadler, the current owner of this piece. Yes, NFTs are smart contracts, but they are still social contracts... so thanks Rudy! 🙏💎🚀

June 8th 2021

20 Retweets178 Likes

🕹️ NFT Games

• Axie Infinity’s Ronin wallet has notched 100,000 downloads in short order 💯

• Aavegotchi just crossed its 4 millionth block on Polygon’s PoS sidechain.

• Global fantasy ⚽ game Sorare updated its New Season Bonus (NSB) rules. 

🌐 Virtual Worlds

• The latest slate of Cryptovoxels updates were released.

Cryptovoxels @cryptovoxels

🚢 Releasing 6.4.6 - Always use combine blend mode for drag-drop images and video - Allow .mp4 videos for drag and drop - Better in-world parcel search in toolbar - Edit layout of 'users online' tab in Explorer

June 9th 2021

5 Retweets17 Likes

• Decentraland is holding its Pride Parade 2021 event today 🏳‍🌈

Decentraland @decentraland

Join the Pride Parade along the Rainbow Road, 10pm UTC (-70,0). Tweet your look with #DCLPride for your chance to win 'Best Costume'. Giveaways, wearable NFTs on sale, balloons and more balloons! Read more on the blog: decentraland.org/blog/announcem…

June 11th 2021

18 Retweets58 Likes

• Somnium Space announced a Tertiary Land Offering sale will take place between July 5th and July 31st. 

• The Sandbox experienced its largest LAND sale yet this week for $650,000. 

🛒 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. 

gaus.eth @alexgausman

Some of the NFTX v2 token tickers designed by @0xChop 🤩 (coming soon™ to a dapp near u!)

June 9th 2021

7 Retweets65 Likes

• Universe, a new DeFi-centric suite of tools for NFT creators, launched its $XYZ governance token.

Action steps

• 📰 Read “NFTs Are Coming to Aave” by Metaversal

• 📰 Read “How to get a loan on your NFT” by Bankless

• 👀 Check out BanklessDAO’s latest Season 0 NFT drop, “Leviathan.”

  Luke Whitten 🌎🤝🌐 @luke_spotlong

  This is an absolutely sick piece from @thecryptobushi You can learn a lot about @banklessDAO and the future of work from this. Outbid me: rarible.com/token/0x60f801…

  June 11th 2021

  2 Retweets4 Likes

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👉 NEW DROPS BY JON BURGERMAN, DOTPIGEON, PI-SLICES, GREG MIKE, GODZ & MORE OUT THIS WEEK!

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.