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The NFT Takeover Is Inevitable

Cryptoart went 🚀 last month, NFT games are catching 🔥, & more!

William M. Peaster's avatar
William M. Peaster
Mar 05, 2021
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The NFT Takeover Is Inevitable
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Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles


Dear Bankless Nation,

As NFTs become more popular, you’re also starting to see a lot more naysayers coming around. They say things like:

“NFTs are stupid.”

“Pay artists with money they can actually use for their bills.”

“Look, I just screenshotted this. Now I own it too!”

That’s alright. These people will eventually come around just like everyone did with computers and the internet.

In the meantime, we can let the facts speak for themselves. In just the cryptoart ecosystem alone, last month creators collectively sold $100M worth of NFTs.

Ignore the significance of this at your own peril, but those of us who can’t will just continue trekking ahead as believers and builders in these early days. The world will catch up to us with time!

-WMP


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Congratulations to subscriber Nicolas for winning last week’s domain giveaway! Enjoy your new .crypto NFT! 🎉


🏆 Digital Collectibles

  • The highest Zombie CryptoPunks sale yet came this week with the 350 ETH purchase of Punk 5234 …

Twitter avatar for @cryptopunksbot
CryptoPunks Bot @cryptopunksbot
Punk 5234 bought for 350 ETH ($545,814.49 USD) by 0xfb5251 from 0x832179. larvalabs.com/cryptopunks/de… #cryptopunks #ethereum
Image
8:20 AM ∙ Mar 4, 2021
65Likes12Retweets
  • Notably, Pranksy also just sold Ape Punk 2140 for 750 ETH ...

Twitter avatar for @pranksyNFT
Pranksy @pranksyNFT
Easy come, easy go they say, I bought a @larvalabs #Cryptopunks #Ape for 400 ETH on Feb 22nd, 2021. I just sold the same #Ape for 750 ETH ($1.2 Mil) one week later. larvalabs.com/cryptopunks/de… Time for a profile pic change! #ApedOutAgain #NFTs #Farewell
Image
3:22 AM ∙ Mar 2, 2021
425Likes46Retweets

🎨 Cryptoart

  • There was $98M worth of cryptoart sold in Feb. 2021 alone!

Twitter avatar for @spencernoon
Spencer Noon @spencernoon
#1. $91 million in crypto art was sold in February, a figure ~8x the previous month -- a sign that the entire #cryptoart category is being re-rated. h/t cryptoart.io
Image
3:20 PM ∙ Mar 4, 2021
68Likes9Retweets
  • Generative artist Kjetil Golid released Archetypes as an ArtBlocks Curated drop last Saturday. Since then, the series has experienced a surge in secondary sales.

Twitter avatar for @kGolid
Kjetil Golid @kGolid
The secondary sales of my Archetype piece on @artblocks_io recently surpassed 1000 ETH!🥳 I find that utterly amazing and beyond my wildest expectations. Thank you so much for the incredible engagement, everyone!😍 opensea.io/assets/art-blo…
Image
Image
Image
3:08 PM ∙ Mar 5, 2021
111Likes3Retweets
  • Artist Josh Katzenmeyer released Pathfinders as an ArtBlocks Playground drop this week, too …

Twitter avatar for @luxpris
Josh Katzenmeyer | luxpris.eth @luxpris
"Pathfinders" 3.2.2021 // 12PM CST || Part of the @artblocks_io Playground Collection #NFTs #artblocks #generativeart #codeart #p5js #NFTart #cryptoart #digitalart #javascript #proceduralart
Image
7:23 PM ∙ Feb 27, 2021
44Likes13Retweets

🕹️ Blockchain Games

  • Yield Guild Games, which is angling to let players earn money from playing games like Axie Infinity, just raised $1.325M. 

  • NFT hedge fund BlackPool just purchased a huge swatch of Axie Infinity land plots ...

Twitter avatar for @AxieInfinity
Axie Infinity @AxieInfinity
👀 @BlackpoolHQ securing a fiefdom.
Image
5:03 PM ∙ Mar 5, 2021
51Likes8Retweets
  • Gods Unchained creators Immutable announced backing for a new game, Guild of Guardians, a mobile RPG powered by the Immutable X layer-two (L2) NFT exchange. 

  • Renowned game studio Ubisoft developed One Shot League, which will let players “build your squad for the Belgian Pro League” for a chance to win NFTs in global fantasy ⚽ game Sorare ...

Twitter avatar for @Ubisoft
Ubisoft @Ubisoft
Discover an all-new fantasy football experience with One Shot League! Developed by the Ubisoft Strategic Innovation Lab, build your squad for the Belgian Pro League and win digital collectible @SorareHQ cards ⚽ #NFT
1:22 PM ∙ Mar 2, 2021
478Likes78Retweets

🌐 Virtual Worlds

  • The future of Cryptovoxels is bright. The metaverse will be beautiful!

Twitter avatar for @cryptovoxels
Cryptovoxels @cryptovoxels
Image
8:11 AM ∙ Mar 3, 2021
59Likes4Retweets
  • The Decentral Games casino is looking to make some hires for metaverse positions ...

Twitter avatar for @decentralgames
Decentral Games - Be The House @decentralgames
Decentral Games has become the first in-world employer of the Open Metaverse! 🎉🚀🤝 💰 You now can be paid to clock into @decentraland as a $DG Host! 🥳 👉 Read the announcement: decentral.games/blog/clock-int…
Image
2:38 PM ∙ Mar 3, 2021
253Likes75Retweets

🛒 NFT Marketplaces

  • Grammy-winning rock band Kings of Leon released an album, tickets, and more as NFTs through OpenSea. Over 1,000 NFTs have sold in the drop so far. 

  • Speaking of OpenSea, the Associated Press (AP) is auctioning off an NFT through the marketplace to commemorate the “first U.S. election recorded on a blockchain.” The standing bid is 11.77 ETH. 

  • Mark Cuban invested in NFT marketplace Mintable. Cuban also just dropped a new NFT on Rarible, too ...

Twitter avatar for @mcuban
Mark Cuban @mcuban
Look what I found! An Exclusive Moment Commemorating Luka Doncic and Dirk Nowitzki collectible app.rarible.com/token/0xd07dc4…? #rarible #ethereum #nonfungible #digitalasset #nft via @rariblecom
app.rarible.comAn Exclusive Moment Commemorating Luka Doncic and Dirk NowitzkiAn exclusive moment highlighting the All Star careers of Dirk and Luka. An incredible side by side video that shows how amazing both are
5:50 AM ∙ Mar 5, 2021
705Likes72Retweets

💎 DeFi x NFTs

  • Fractional NFT exchange NIFTEX launched its V2 system on the Rinkeby testnet, finished up an audit with Solidified, and welcomed aboard ExHuman as the team’s new Business Dev lead. 

  • There are now +800 Hashmasks in the NFTX $MASK single fund token ...

Twitter avatar for @spencernoon
Spencer Noon @spencernoon
#5. There are now 825 hashmasks in @NFTX_, whose index funds allow investors to get exposure without owning an entire NFT themselves -- a sign crypto is unlocking new financial applications for art, collectibles, and other NFTs. h/t @DuneAnalytics user pd164594
Image
3:20 PM ∙ Mar 4, 2021
64Likes12Retweets
  • Charged Particles has sold +300 ETH worth of its yield-boosting Lepton NFTs.


Action Steps

  • Read “How a 10-second video clip sold for $6.6 million” by Reuters


Metaversal is a Bankless newsletter. Subscribe to the full Bankless program today!


🙏Thanks to our sponsor

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Send & receive crypto with human-readable blockchain NFT domain names! No renewal fees. No more worrying about sending to the wrong address.

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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. I’ll always disclose when this is the case.


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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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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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