Watch what you mint 🚨
Watch what you mint 🚨
Life Beyond alpha, Nouns DAO’s esports win, ENS marketplace chatter, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
There’s a new type of NFT scam going around that you should know about.
I recently wrote about the popularity surge of free mint NFTs, and this new scam takes advantage of people wanting to ape into these potentially lucrative projects.
Simply put, the trap involves tricking folks into giving up their most valuable NFTs via a bogus “mint” transaction. Make sure if you’re minting from an upstart project that you triple check you’re not “setting approval for all” when you don’t mean to be:
In general, keep your guard up and stay on the lookout for new scam styles like this — a little caution can go a long way here! And with that PSA out of the way, let’s now get you caught up on some of the biggest NFT news from the past week. Cheers everyone ✌️
-WMP
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🛒 NFT News & Platforms
NFT marketplaces saw their trade volume levels boom over 2,439% collectively between Q2 2021 and Q2 2022.
ENS DAO is considering proposals to create a dedicated ENS marketplace and to institute a royalty on secondary ENS domain sales:
OpenSea welcomed a new VP of Engineering, Marko Iskander.
🏆 Digital Collectibles
Nouns DAO received nearly 500 new Noun head proposals to consider for its upcoming August 8th collection update:
ImmortalPlayerCharacter is not older than CryptoPunks despite some chatter to the contrary this week.
Cool Cats is giving away unminted PFPs from the collection via puzzles.
Rarible created a bespoke marketplace for rektguy holders:
🎨 Art
ARC and Nahiko have teamed up for a game-theoretic cryptoart project titled “Centralized,” which is due out on Nifty Gateway on July 12th:
🎮 NFT Gaming
Axie Infinity’s Ronin hack resulted from a former employee being tricked by a fake job offer.
Life Beyond, by Animoca Brands, is now available as a free-to-play alpha.
Nouns Esports recently trounced the FTX-sponsored TSM team 2-0 in a Dota 2 matchup:
💽 Music
Arpeggi Labs introduced Arpeggi v2.
Beat Foundry released the details of its upcoming BF Season Pass mint.
Coopahtroopa.eth published This Week in Music NFTs - July 4th.
🌐 Virtual Worlds
Decentraland launched a $500k USD bug bounty on ImmuneFi.
Voxels community builder 4everKurious is selling four builds in Architect Island on July 13th:
💎 DeFi x NFTs
Fractional v2 began an audit contest on Code4rena.
MakerDAO created a profile through Lens Protocol:
Teller created ApeNowPayLater, an app for financing purchases of blue-chip NFTs.
Action steps
📺 Watch Interview with Tokenproof founder Fonz on Overpriced JPEGs
🧐 Catch up on my other write-ups from this week:
Author Bio
William M. Peaster is a professional writer and creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond!
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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.