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The NFT Spring 🌼

CryptoPunks and Meebits grab headlines, eBay adds NFT support, an Axie doc drops, & more!

William M. Peaster's avatar
William M. Peaster
May 14, 2021
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The NFT Spring 🌼
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Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation,

It’s certainly springtime in the NFT ecosystem, as NFT projects big and small, known and unknown, are currently blooming toward the sun and teeming with possibility.

Here, I’m reminded of a great line from Chaucer’s Cantebury Tales, from The General Prologue. It says spring “stirs them in their hearts / Then folks long to go on pilgrimages.”

In our space, a new spring has brought us renewal, hope, and growth. And we long to trek to even newer horizons, to the incredible possibilities that we know lie directly ahead of us.

Everything in due time, though, right. Patience, and doing good work in the here and now, is how we get to the new horizons. Just some food for thought! Have a great weekend everyone!

-WMP


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


🏆 Digital Collectibles

  • Researchers from University Nicosia and the Institute For the Future (IFF) concluded this week that CryptoPunks now have a valuation of ~$1.9B, or +476k ETH. 

  • The first CryptoPunks auction at Christie’s brought in +$16.9M! I say first, because more will surely come.  

  • CryptoPunks-inspired comic PUNKS saw its genesis issues released this week!

Twitter avatar for @punkscomic
PUNKS Comic @punkscomic
Minting of the genesis PUNKS Comic has been deployed and we have successfully minted serial #1 and have added it to the Founder’s Vault. 👉 PunksComic.com
Image
2:01 AM ∙ May 11, 2021
278Likes64Retweets
  • A rare Dissected Meebit just sold for 700 ETH.

  • Speaking of rare Meebits, someone created a custom contract to exploit the randomness of Meebits generations and thereby claimed one of the project’s most prized avatars 😵 

Twitter avatar for @NateAlexNFT
NateAlex @NateAlexNFT
this is where i landed on the meebits exploit. the basic idea is that you run the same on-chain calculation the meebits contract is running (randomIndex()), and if it yields an ID that you like (set in the constructor or with addApproved), you proceed to call mintWithPunkOrGlyph
Image
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Image
10:12 PM ∙ May 8, 2021
84Likes13Retweets
  • Want to convert your Meebits into VRM, a popular open standard for VR avatars? jin has you covered!

Twitter avatar for @dankvr
jin @dankvr
I wrote a guide on how to convert #meebits to VRM, making them usable in @webaverse and beyond 🌠 📃blog.webaverse.com/interoperable-…
Image
4:11 AM ∙ May 13, 2021
193Likes42Retweets

🎨 Cryptoart

  • The artist fabiello just released Remixable Reclining Nude on Async Art. The creator has provided an amazing app that lets you randomize the piece’s Layer NFTs to explore the work’s 1,296 possible Masters!

Twitter avatar for @fabielloart
𝑓𝑎𝑏𝑖𝑒𝑙𝑙𝑜 @fabielloart
Now you can 👉randomize @AsyncArt #Nft layers. 🖥️Explore▶️ some of the 1296 possible 🖼️masters in my 'Remixable Reclining Nude': async-explorer.herokuapp.com/test/canvasID=…
Image
8:48 PM ∙ May 13, 2021
8Likes1Retweet
  • Cryptoart platform SuperRare is launching SuperRare Classes, a series of cryptoart-themed lectures and workshops based around “art curation, edition, career management,” and more.

  • This morning the artists Han and Nicolas Daniel released AlgoRythyms as an Art Blocks Curated drop 🎊

🕹️ Blockchain Games

  • Axie Infinity creators Sky Mavis just raised $7.5M in Series A funding. That’s a great treasury boost that’ll help the team evolve Axie Infinity that much further from here! 

  • Don’t miss Play-to-Earn, the first community-made Axie Infinity documentary 🎥

Twitter avatar for @AxieInfinity
Axie Infinity @AxieInfinity
✨Play-To-Earn, the first community-made Axie documentary, is here! It shows how our revolution is creating economic freedom and opportunity for gamers especially in emerging economies. Watch: youtube.com/watch?v=Lg5C2E… #playtoearn
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1:02 PM ∙ May 13, 2021
327Likes123Retweets
  • Global fantasy ⚽ game Sorare is implementing a scaling solution that is set to be in place by the end of July 2021. 

🌐 Virtual Worlds

  • There’s a new Cryptovoxels area adjacent to Far Far Away: Vibes. 

Twitter avatar for @cryptovoxels
Cryptovoxels @cryptovoxels
Vibes. Dropping later today, way out west, just adjacent to Far Far Away. POSITIVE VIBES ONLY.
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11:56 PM ∙ May 11, 2021
52Likes2Retweets
  • Check out PunKit, a shop in Cryptovoxels for custom-made CryptoPunks avatars and wearables 👚

  • NFT gallery network Zardoz Club is building a new virtual hub in The Sandbox 🏖️

Twitter avatar for @zardozclub
zardoz.club #cryptoart gallery @zardozclub
Guess which #cryptoart gallery will open right in the middle of the busiest area of @TheSandboxGame? 😜 Construction starting soon..... 🚧
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2:36 PM ∙ May 13, 2021
88Likes12Retweets

🛒 NFT Platforms

  • eBay officially rolled out NFT support 🤯

  • Upshot activated its Open Beta, which allows anyone to try appraising NFTs on the platform. 

  • NFT scaling solution Immutable X is seeing an activity boom …

Twitter avatar for @Immutable
Immutable @Immutable
In the last 24 hrs, Immutable X has enabled 4x more NFT trades than Ethereum L1. These trades for our @GodsUnchained users were; - free of gas, - instantly confirmed, - non-custodial, - carbon-neutral, and secured by Ethereum.
10:53 AM ∙ May 13, 2021
239Likes27Retweets

💎 DeFi x NFTs

  • NFT trading protocol NFT20 is now live on Ethereum’s Polygon sidechain.

  • NFTfi just facilitated the largest NFT-backed loan to date for 200,069 DAI ...

Twitter avatar for @NateAlexNFT
NateAlex @NateAlexNFT
largest NFT backed loan ever courtesy of @nftfi
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2:48 PM ∙ May 14, 2021
34Likes7Retweets

Action steps

  • 📰 Read “How to Appraise NFTs on Upshot” by Metaversal

  • 📰 Read “Bankless 🤝 MetaFactory collaboration” by Bankless DAO


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


🙏Thanks to our sponsor

Nifty Gateway

The all-in-one platform that makes it easy to buy, sell, and store NFTs!

http://bankless.cc/Nifty

Nifty Gateway works with both successful and up-and-coming artists, musicians, and brands to create limited Nifty (NFT) collections that are available on our marketplace.

👉 Visit NiftyGateway.com and start your NFT Collection today!

👉 NEW DROPS BY ZIGOR, HACKATAO x SKYGOLPE, PERRY COOPER, 3LAU & 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.


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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
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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