Twitter Turns to NFTs
Twitter releases NFTs, Axie Infinity dominates, OpenSea breaks records, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
At first, people thought we were crazy for using NFTs.
There will probably come a time, though, where people will think you’re crazy if you don’t use them.
We’re not there yet to be sure. But seeing Twitter dive into NFTs this week offers us a glimpse of that future in which these tokens are everywhere.
For now, keep building and have a great weekend!
-WMP
🙏 Sponsor: Upshot—get paid to appraise NFTs. Start now!
🏆 Digital Collectibles
Twitter started auctioning off Twitter-themed collectibles via NFT marketplace Rarible this week 🐤
NFT platform Universe released Polymorphs, an NFT collectibles project whose characters can have their traits scrambled for ETH.
How are floor prices looking for top NFT collectibles? Zeneca_33 has you covered with another daily update!
![Twitter avatar for @Zeneca_33](https://substackcdn.com/image/twitter_name/w_96/Zeneca_33.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE5OfDGxX0AIV-F9.png)
🎨 Cryptoart
Chromie Squiggles, the first curated art drop on generative art dapp Art Blocks, has been experiencing unprecedented levels of volume lately!
![Twitter avatar for @degendata](https://substackcdn.com/image/twitter_name/w_96/degendata.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE5KPd-yWEAUFD9y.jpg)
Cryptoart marketplace SuperRare just released POAP badges for its artists and collectors. The badges will come with various perks.
🕹️ NFT Games
Per Token Terminal, Axie Infinity has generated nearly $13 million worth of protocol revenues over the past 30 days. That’s far above top DeFi projects Maker ($8.4M), Sushi ($6.3M), and Synthetix ($4.1M) in the same span!
Axie Infinity has also had multiple days with +$9 million 24-hr sales volume this week.
🌐 Virtual Worlds
Cryptovoxels is holding Dutch-style auctions for parcels in the Vibes and Satoshi districts.
![Twitter avatar for @cryptovoxels](https://substackcdn.com/image/twitter_name/w_96/cryptovoxels.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE5QsLtLVoAMCHVv.jpg)
Neo-pop surrealist Philip Colbert just launched Lobsteropolis City and Lobster Land Museum in Decentraland.
🛒 NFT News & Platforms
OpenSea had a record-breaking month in June 2021, in which the leading NFT marketplace facilitated over $150 million worth of sales!
![Twitter avatar for @richardchen39](https://substackcdn.com/image/twitter_name/w_96/richardchen39.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE5K0hQ0XEAMJE4Q.png)
Owen Shen, the creator of 0xmons, just published a wrapper of the Chainlink VRF solution. The new tool makes it easier to randomly distribute NFTs.
Owen also published a Twitter thread this week on zkNFT, an NFT marketplace that’s coming to the zkSync Ethereum scaling solution.
Want to make complex NFT swaps with a single signature? That’s now around the corner courtesy of EIP3074.
![Twitter avatar for @vasa_develop](https://substackcdn.com/image/twitter_name/w_96/vasa_develop.jpg)
![Image](https://substackcdn.com/image/fetch/w_600,c_limit,f_auto,q_auto:good,fl_progressive:steep/https%3A%2F%2Fpbs.substack.com%2Fmedia%2FE4_0fiiUUAElGoE.jpg)
💎 DeFi x NFTs
NFTX soft launched its v2 system and shortly thereafter resolved a bug in the PUNK vault.
Speaking of NFTX v2, the way the project interacts with CryptoPunks is going to lead to more than a few 0 ETH Punk “sales” going forward. Not to fret, this is routine NFTX activities!
![Twitter avatar for @alexgausman](https://substackcdn.com/image/twitter_name/w_96/alexgausman.jpg)
![Twitter avatar for @cryptopunksbot](https://substackcdn.com/image/twitter_name/w_40/cryptopunksbot.jpg)
Yam Finance published a great write-up on uPUNKs, a derivative for longing or shorting the price of CryptoPunks.
Action steps
📰 Read “How to Trade NFTs” by Metaversal
📰 Read “The Axie Infinity Boom” by Metaversal
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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.