Twitter Turns to NFTs

Twitter releases NFTs, Axie Infinity dominates, OpenSea breaks records, & more!

Jul 2, 2021

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 🐤

Anthony Sassano Ξ 🦇🔊 @sassal0x

Twitter dropping NFTs on @rariblecom 👀 rarible.com/twitter?tab=cr…

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!

Zeneca_33 🍌 @Zeneca_33

Daily floor + unique holders update. As was inevitable, the @GutterCatGang finally did not have a green day, and had a pretty big correction. The @BoredApeYC pendulum swung their way, furthering the chances of an imminent flippening. Looks like @WickedCraniums took a big hit, i'm

🎨 Cryptoart

Chromie Squiggles, the first curated art drop on generative art dapp Art Blocks, has been experiencing unprecedented levels of volume lately!

DeGenData.eth @degendata

Yesterday was a new high (in volume terms) for Chromie Squigz. @artblocks_io This volume trend doesn't seem to want to slow down. I've pulled this back to mid may to give a reference to where it was just over a month ago.

Cryptoart marketplace SuperRare just released POAP badges for its artists and collectors. The badges will come with various perks.

SuperRare 💎 @SuperRare

SuperRare Badges are launching today 💎 Starting with The SuperRare 2021 Artist Badge by @arc4g ↴

🕹️ 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!
Image via Token Terminal.

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.

Cryptovoxels @cryptovoxels

🔨 These listings on Vibes and Satoshi are going for dutch auction over on Opensea. Keep an eye on this URL over the next 24 hours: opensea.io/assets/cryptov…

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!

Richard Chen @richardchen39

Another record month for @opensea with $150M in volume and 210k NFTs sold! 🚀 duneanalytics.com/rchen8/opensea

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.

vasa @vasa_develop

Imagine doing complex swaps with a single message signature on Metamask. No need to do multiple approvals. No need to pay ETH for approvals/swap. Just sign a SINGLE message to execute it all. Hoping that EIP-3074 goes live this October so we can make this a reality 💪

💎 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!

gaus.eth @alexgausman

Expect a lot more 0 ETH buys now that NFTX v2 PUNK vault is using unwrapped cryptopunks. Fun fact, Cryptopunks contract was pre ERC721 so instead of approving and letting a contract pull, what you do is offer for 0 ETH to the contract and then it buys.

CryptoPunks Bot @cryptopunksbot

Punk 3143 bought for 0 by 0x269616 from 0x8f217d. https://t.co/YCtoz712VG #cryptopunks #ethereum https://t.co/fhIGaxbQ0C

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.

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