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The NFT Frontier Is Blooming
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The NFT Frontier Is Blooming

$APE buyouts rejected, Fractional launches, Art Blocks tries a Dutch Auction, & more!

William M. Peaster's avatar
William M. Peaster
Jul 30, 2021
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The NFT Frontier Is Blooming
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Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation,

It was another wild week in NFT Land, to say the least!

Indeed, things have revved up around the ecosystem to the point that lately you feel like you miss 100 things every time you blink.

That’s quite alright. It just means the frontier we’re all building up here is seriously blooming. Yet with this blossoming comes both great opportunities and great challenges, so it’s important keep your wits about you and strive not to stretch yourself too thin.

Remember: you don’t have to keep up with everything that’s happening or with everyone else. Just do you at your own pace, focus on what you like and what’s in front of you. That’s truly the best way forward! Thanks kindly for reading and have a great weekend ✌️

-WMP


🙏 Sponsor: Immutable X — Scaling Ethereum and NFTs!


🏆 Digital Collectibles

  • $APE holders on NIFTEX just rejected a buyout offer of 1,200 ETH and later 1,255 ETH for fractionalized ape CryptoPunk #2386 🦍

    Twitter avatar for @dollar_monopoly
    Monopoly @dollar_monopoly
    Someone attempting to buyout the fractionalized APE over at ⁦@NIFTEX⁩ for 1200 ETH 👀🤯 #NFTs $2.8 million
    Image
    5:25 PM ∙ Jul 26, 2021
    18Likes4Retweets
  • “Perfect Spectrum” Squiggle #1862 sold for 90 ETH, a new all-time high sale for a Squiggle 🎉

🎨 Cryptoart

  • Collector project OSF acquired artist Robbie Barrat’s “AI Generated Nude Portrait #7 Frame #170” for 72.5 ETH on SuperRare’s secondary marketplace.

  • Collector group FingerprintsDAO launched public minting for Avid Lines, an art project whose genesis pieces were generated via Autoglyphs. 

Twitter avatar for @AvidLines
Avid Lines @AvidLines
Avid Lines has minted its genesis piece, generated from Autoglyph #433 Autoglyph owners may now whitelist their pieces (signature only, no transfer required) Learn more: avidlines.art Public mint begins: July 28, 2021 @ 11AM CT/4PM UTC
Avid Lines #2107965440
7:03 PM ∙ Jul 21, 2021
116Likes21Retweets
  • To facilitate the latest Art Blocks Curated drop for artist Rafaël Rozendaal’s generative series Endless Nameless, a Dutch Auction format was held. The starting mint price of 3 ETH decreased by 0.25 ETH every 10 minutes until finally settling at 0.25 ETH, at which point the remainder of the works quickly sold out! 

🕹️ NFT Games

  • New Aavegotchis are coming, as AavegotchiDAO members just approved Haunt 2 👻 

  • Mystic Axie Starbugs was claimed via NFT fractionalization platform NIFTEX at a 175 ETH valuation 🦋 

Twitter avatar for @vesakaxie
ak @vesakaxie
Welcome home, lost friend. $BUGS has been claimed from @NIFTEX and has a new home... in my wallet! I've always wanted a rare-class @AxieInfinity mystic, and I am thrilled I was able to complete this buyout!
Image
Image
3:20 AM ∙ Jul 26, 2021
787Likes208Retweets
  • Axie Infinity fansite AxieZone released its V2 breeding simulator.

  • Global fantasy ⚽ game Sorare has already facilitated +35k trades since deploying to StarkWare’s L2 scalability engine, StarkEx. 

🌐 Virtual Worlds

  • Ethereum’s metagalaxy of VR projects is taking shape right in front of our eyes!

Twitter avatar for @cryptovoxels
Cryptovoxels @cryptovoxels
Currently you can only use portals to go to other places in the Cryptovoxels world. I want to change portals to support teleporting to: - cryptovoxel spaces - decentraland - somnium space
Image
10:58 PM ∙ Jul 25, 2021
81Likes13Retweets
  • Looking to learn more about the metaverse? Bookmark this amazing repository of metaversal resources built by Webaverse creator Jin. 

🛒 NFT News & Platforms

  • NFT fractionalization platform Fractional went live!

Twitter avatar for @fractional_art
Fractional @fractional_art
gm, we're live! Check out fractional.art to claim a piece of iconic NFTs and if you're a curator looking for help getting started, check us out on medium
medium.comFractional Art – MediumA NFT fractionalization platform.
4:30 PM ∙ Jul 26, 2021
296Likes42Retweets
  • Proof of MEV: this week’s Vogu Collective NFT drop saw at least one user bribe a miner with a 1-gwei transaction to have their transactions included ahead of others 😱 

Twitter avatar for @wholisticguy
Guy Stewart @wholisticguy
MEV has finally arrived for NFTs. When gas cost is up to 12,000 Gwei, you can bribe a miner direct and then be sure to get your tx included in a block for 1 gwei - when multi by an in demand mint your cost basis can be 10x lower than other mint buyers. etherscan.io/tx/0xef76f5ccc…
Image
12:35 AM ∙ Jul 27, 2021
34Likes7Retweets

💎 DeFi x NFTs

  • Genie, a new protocol for trading across all NFT and token markets, started beta tests this week. We also learned Genie will support royalties across all marketplaces for NFTs that are compliant with EIP-2981. 

  • DeFi dashboard Zerion released its first NFTs, dubbed the Zerion Genesis Collection.

  • NFT gift baskets? It’s possible today courtesy of Charged Particles!

Twitter avatar for @DefiNft
Charged Particles @DefiNft
🎁Have you ever thought of gifting an NFT gift basket to your loved ones? With Charged Particles, it is possible to create an NFT gift basket holding a variety of digital assets which can be time-locked for varying periods of time. #NFTs #tokens
Image
12:46 PM ∙ Jul 26, 2021
49Likes9Retweets

Action steps

  • 📺 Watch “Fractional | AMA with Andy8052” in Bankless

  • 📰 Read “Curating NFTs with JPG” in Metaversal

  • 📰 Read “Connecting Metagalaxies with Ethereum” in Metaversal


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


🙏Thanks to our sponsor

IMMUTABLE X

Build an app in < 2 hours with gas-free NFTs on Immutable X, Ethereum’s Layer-2 scaling solution.

Immutable X is Ethereum’s first Layer-2 scaling solution for NFTs. Instantly scale your NFT application with instant trade confirmation, massive scalability (9,000 TPS+), zero gas fees -- without compromising user custody. Developed on top of StarkWare’s bleeding edge zero-knowledge rollup technology, our protocol ensures developers can level up and build a mainstream NFT game, dapp or marketplace in days, not months.

👉 Learn how to build with Immutable X here.

👉 Visit Immutable’s contact form and apply to build.


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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Zora V3 is 🔥
Zora’s new protocol infra is a step forward for the NFT space!
Jan 25, 2022 • 
William M. Peaster
47

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Metaversal moved to bankless.com/metaversal
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Zora V3 is 🔥
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Bored Ape Mutation Madness! ⚗️
BAYC introduces Mutant Apes, leading to a fun NFT mutation frenzy!
Aug 31, 2021 • 
William M. Peaster
25

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Metaversal moved to bankless.com/metaversal
Bored Ape Mutation Madness! ⚗️
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Why Right-Click Savers Flunk NFTs ❌
French philosopher Jean Baudrillard would tell right-click savers they have NFTs all wrong!
Sep 8, 2021 • 
William M. Peaster
24

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Metaversal moved to bankless.com/metaversal
Metaversal moved to bankless.com/metaversal
Why Right-Click Savers Flunk NFTs ❌
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