What NFTs teach us

Manifold 🤝 Shopify, The Idols NFTs near, pplpleasr unveils Web3 video platform, & more!

Mar 4, 2022

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles

Dear Bankless Nation,

NFTs are a new medium, a new type of asset.

Yet humans are, well, all too human. The best of us bring the greatness of our dreams to NFTs, while the worst scam and prey on the naive, etc.

Rooshy.eth @ILikeNFTs

The NFT ecosystem may be a new field then, but the players are the same as in any. Expect the beautiful, the dramatic, and the tragic — they all come together here, because people bring them wherever they go.

Anyways, thanks for reading everyone. Have a great weekend, be well, and stay creative as always!

-WMP

🙏 Sponsor: Polygon Studios—Fostering culture across Gaming, NFTs, and the Metaverse✨

🛒 NFT News & Platforms

LooksRare rolled out support for rarity rankings.
Manifold partnered with Shopify on the creation of the Manifold Merch Bridge, a system for redeeming merch via NFTs.
pplpleasr unveiled Shibuya, a Web3 video platform.
Treasure, a popular NFT marketplace on Arbitrum, was attacked via an exploit that let a blackhat scoop up dozens of listed NFTs for free. Fortunately, most of the NFTs have since been recovered.
The SEC is taking a closer look at the NFT ecosystem for potential securities violations.

🏆 Digital Collectibles

CryptoPunk #5364 was donated to the Ukraine Crypto Donation address.

Mintable @mintable_app

CryptoPunk #5364 Is The Latest Donation to Ukraine’s $33M Campaign

sg.finance.yahoo.comCryptoPunk NFT Is Latest Donation to Ukraine’s $33M CampaignThe rare NFT could be worth $200,000 according to some estimates.

KPMG Canada acquired an NFT from the World of Women collection:

KPMG Canada @KPMG_Canada

We completed the purchase of digital art from the highly acclaimed World of Women non-fungible token (#NFT) collection, our first foray into this rapidly growing asset class. @worldofwomennft #ETH #NFTCommunity bit.ly/3M8aERE

Josie Bellini launched the CyberBrokers collectibles ecosystem. (Full disclosure: I received some free claims as a tip for writing work I did for the project a year ago!)

🎨 Cryptoart

Alotta Money, a cryptoartist pioneer, passed away this week. He was an incredible soul who brought joy to everyone he crossed paths with. He will be sorely missed by many 💔

Trevor Jones 🎨 @trevorjonesart

You will never be forgotten, Phillipe. You, your art and your amazing humour will live on the blockchain and in our hearts forever. You were the light for so many of us in this new NFT frontier. Rest in peace my friend. I miss you so much already. @money_alotta

XCOPY released ‘SPECIAL OPERATION’ on SuperRare:

🎮 NFT Games

Axie Infinity published a sneak peek of Origin’s back cards.
Pixelmon was billed by its creators as the next big NFT game. Instead, the collection’s debacle launch just became the latest case study regarding how not to release an NFT project.

💽 Music

Async Music showcased PHONONS, a piece composed by KOR3 that is the final curation in Async Music’s Class Collection.
Jonathan Mann gave Pixelmon’s already infamous “Kevin” NFT a fitting theme song:

Jonathan Mann @songadaymann

kevin deserves a banger. i hope i delivered. 👉 songaday.world/auction/4808 🧟‍♂️

🌐 Virtual Worlds

Arca NFT Fund acquired two Axie Infinity Genesis Land plots:

Sasha Fleyshman @ArcaChemist

1/ Today, the Arca NFT Fund acquired two plots of Genesis Land in the @AxieInfinity ecosystem. The @SkyMavisHQ team was able to catch lightning in a bottle, popularizing/implementing the term “play-to-earn” and kicking off an impressive growth period for the gaming sector.

Cryptovoxels is tracking tribute events in honor of Alotta Money in the coming days:

Cryptovoxels @cryptovoxels

Many events are being planned to honor our fallen hero @money_alotta Will keep a thread going:

BrookHawk @Brook_Hawk

There is an @money_alotta tribute being developed on some parcels in @cryptovoxels. Any CV builders that want to join, hmu & i will add you. No plan, just whatever evolves. If anyone has an Art piece you want to see up, drop it in the comments and I will put it up 🙌 See link https://t.co/6e9LSNNxV0

💎 DeFi x NFTs

Abacus, an NFT valuation project, published its ABC tokenomics details.
The Scalara NFT Index is now live:

𝚂𝚌𝚘𝚝𝚝 𝙻Ξ𝚠𝚒𝚜 🌾 @scott_lew_is

Today @defipulse is launching the Scalara NFT Index on @KuiperFinance. What does $NFTI give you that you can’t get anywhere? thru the magic of defi AND nfts you get; 1) Bluechip NFTs 2) very low transaction fees 3) additional yield from @nftx Inventory Staking. a thread 🧵 :

MetaPortal just unveiled the $GAME NFT gaming index.
The Idols, a collection whose NFTs are backed by Lido staked ETH, is going live tomorrow:

cyrus.ismoney.eth 🦇🔊🚬🎨👀 @cyounessi1

Tomorrow's the big day for @TheIdolsNFT mint! I'm hopeful it could be the first of its kind of a new model in NFT tokenomics and vesting. This is a team that wants to do right by its community, and has skin in the game to prove it. (Also, the art is dope.)

Action steps

📺 Watch Carly Reilly and Justin Kan talk gaming NFTs on Overpriced JPEGs
💸 Read 5 ways to get fixed-rate yields in DeFi by Bankless

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.

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