Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Happy April Fool’s Day!
As you can imagine, there’s been a lot of fun pranks around the NFT ecosystem today. My favorite this year was dealt by the Azuki project, which airdropped mysterious NFTs to Azuki holders and then told everyone to refresh the NFTs’ metadata.
Upon refreshing this morning, the NFTs’ art turned into opened boxes of dust. Ouch! Of course, Azuki won’t leave everyone hanging, there’s surely another refresh event coming. They definitely surprised a few people at first, though!
The prank is fun, but it’s also a great reminder to always pay attention to how NFT projects approach metadata. There’s no right or wrong way per se, though some avenues are indeed mutable.
Anyways, I hope everyone has a great weekend, and thanks kindly for reading Metaversal. Be well and stay creative!
-WMP
🙏 Sponsor: Rarible – discover & trade NFTs across multiple blockchains and communities✨
🛒 NFT News & Platforms
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Blur, an upstart NFT marketplace for pro traders, has raised $11M.
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Nansen NFT analytics are now free.
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Opensea is nearing support for Solana NFTs.
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Upshot Analytics, a new data dashboard for NFT data, is now out as a beta release.
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WeChat starts suspending NFT accounts.
🏆 Digital Collectibles
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Azuki airdropped Something Official NFTs to collection holders (x2 each!).
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Prop House, an NFT fundraising project centered around Nouns, kicked off this week.
🎨 Cryptoart
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The Museum of Modern Art, or MoMA, is looking to hire a web3/NFT specialist.
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EDG is releasing the series Mazinaw via Art Blocks Factory:
1/ My forthcoming series Mazinaw is meant to evoke the sensation of a piece made by hand. This is not to say that it should look quite like a painting, or a drawing, and indeed I hope it bears an element of strangeness with respect to traditional media.
🎮 NFT Gaming
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Sky Mavis has replaced all of its Ronin validators in the wake of the ~$600M Ronin bridge attack this week, and the NFT gaming studio plans to add more validators soon.
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Axie Infinity’s Origin Launch Week festivities have begun.
💽 Music
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Catalog now has a dedicated Dune Analytics dashboard courtesy of Richard Chen:
<div class="tweet" data-attrs="{"url":"https://twitter.com/richardchen39/status/1509296119557365767","full_text":"(let's see if doing this gets me a lot of retweets and followers):nnMusic NFTsnnanalytics.catalog.works ","username":"richardchen39","name":"Richard Chen","date":"Wed Mar 30 22:26:50 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FPIYvSuXsAYXKVA.png","link_url":"https://t.co/jbDz2mQ5jS","alt_text":null}],"quoted_tweet":{},"retweet_count":10,"like_count":52,"expanded_url":{},"video_url":null}”>
(let’s see if doing this gets me a lot of retweets and followers):
Music NFTs
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Coopahtroopa.eth published This Week in Music NFTs – March 28th.
🌐 Virtual Worlds
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Cryptovoxels faced a Discord scam attack that cost some of its users their parcels.
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Decentraland opened up its in-world builder to everyone, not just LAND owners.
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The Sandox Alpha Season 2 started yesterday.
💎 DeFi x NFTs
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LooksRare launched the LOOKS Compounder, which lets LOOKS stakers automatically compound WETH rewards into LOOKS.
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nftperp, a perpetual futures DEX where you can short blue-chip NFTs, is nearing.
Action steps
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👀 Check out my other Metaversal write-ups from this week: Analyzing the Ronin bridge hack and A quick guide to Tezos NFTs
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✍️ Read my Mirror tactic, How to build a web3 publication, in Bankless
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📺 Watch Interview with Carlini8 by Overpriced JPEGs
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.