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

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Dear Bankless Nation,

You’re an on-chain adept. You know the ins and outs, or are beginning to learn the ins and outs, of NFTs and more. 

Combine that knowledge with dashes of DeFi know-how, plus some DAO experiences, etc., and what do you get? A 21st-century digital spellcaster of sorts. 

Of course, suggesting that we’re magicians is a little bit silly. A little bit romantic. Yet in the NFT ecosystem over the past two years I’ve seen magical things happen time and time again.

Imagine what’s to come, then? Double down into this metaphorical magic early, learn the new paths forward, and stay creative all along the way. For now, have a great weekend and thanks as always for reading. 

-WMP

🙏 Sponsor: Brave Wallet – the secure crypto wallet. No extension required.✨

🛒 NFT News & Platforms

• OpenSea officially migrated its operations to its newly developed Seaport Protocol:

<div class="tweet" data-attrs="{"url":"https://twitter.com/DuneAnalytics/status/1537101255843229698?t=_ZDC0Txgf2yNmwqMcnSaLw&s=09","full_text":"Yesterday, @opensea migrated to the new, open-source Seaport Protocol nn@marcov_91 was fast with a dashboard 🧙‍♂️nnSo far on Seaport:nn🌊 $8,060,200 volume n🌊 16,644 transactionsn🌊 18,417 usersnnSome interesting gas / transaction data inside 👇nndune.com/Marcov/opensea…","username":"DuneAnalytics","name":"Dune","date":"Wed Jun 15 15:54:32 +0000 2022","photos":[],"quoted_tweet":{},"retweet_count":8,"like_count":27,"expanded_url":{"url":"https://dune.com/Marcov/opensea-seaport","image":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/b3bc14d5-4f1e-4eb0-989f-c56bc821165f_1200x630.png","title":"Dune","description":"Blockchain ecosystem analytics by and for the community. Explore and share data from Ethereum, xDai, Polygon, Optimism, BSC and Solana for free.","domain":"dune.com"},"video_url":null}”>

Dune @DuneAnalytics

Yesterday, @opensea migrated to the new, open-source Seaport Protocol

@marcov_91 was fast with a dashboard 🧙‍♂️

So far on Seaport:

🌊 $8,060,200 volume
🌊 16,644 transactions
🌊 18,417 users

Some interesting gas / transaction data inside 👇

dune.com/Marcov/opensea…DuneBlockchain ecosystem analytics by and for the community. Explore and share data from Ethereum, xDai, Polygon, Optimism, BSC and Solana for free.dune.com

• Context released mint.fun, an NFT minting aggregator website. 

• Immutable introduced Arch, an L1 to L2 bridging system for Ethereum and StarkNet.

🏆 Digital Collectibles

• Bored Ape 7537, a floor ape rarity-wise, sold for 1,024 ETH as part of a marketing stunt by the Chinese social media company Btok. 

• Bored Town, a CC0 free-to-mint project on the Optimism L2, launched and temporarily brought NFT marketplace Quixotic to a halt last weekend. 

• Nouns Vision, a project centered around building luxury physical Nouns glasses, began its public mint:

<div class="tweet" data-attrs="{"url":"https://twitter.com/ourZORA/status/1537522339331440641","full_text":"⌐◨-◨ nnThe infamous nouns glasses have been brought to life by the @nounsvision team.nnThey are being released as a redeemable NFT, and the mint is now open to the public.nnMint now:n↳ nounsvision.com ","username":"ourZORA","name":"🌜🌞🌛","date":"Thu Jun 16 19:47:46 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FVZgN0xXwAIhl2g.jpg","link_url":"https://t.co/FhdnRV55EZ","alt_text":null},{"img_url":"https://pbs.substack.com/media/FVZgQabWQAQUNRG.jpg","link_url":"https://t.co/FhdnRV55EZ","alt_text":null},{"img_url":"https://pbs.substack.com/media/FVZgQcoWYAMjqKj.jpg","link_url":"https://t.co/FhdnRV55EZ","alt_text":null}],"quoted_tweet":{},"retweet_count":9,"like_count":52,"expanded_url":{},"video_url":null}”>

🌜🌞🌛 @ourZORA

⌐◨-◨

The infamous nouns glasses have been brought to life by the @nounsvision team.

They are being released as a redeemable NFT, and the mint is now open to the public.

Mint now:
↳ nounsvision.com

• goblintown.wtf creators revealed their identities as the team behind Truth Labs, an NFT studio. 

🎨 Art

• Archipelago, a marketplace specialized for Art Blocks pieces and generative art in general, is going live on June 20th. 

• Simon de la Rouviere presented The Room of Infinite Paintings, an on-chain CC0 generative art project:

<div class="tweet" data-attrs="{"url":"https://twitter.com/un_frontier/status/1537146673176186880?t=TZNPTwkpbf3EaD9rYULfNA&s=09","full_text":"Presenting Logged Universe's "The Room of Infinite Paintings": a simulated mind's infinite attempt for meaning.nnCC0 SVG on-chain generative art. nFree to mint. nInfinite supply. nnCurrently, only minting on etherscan: etherscan.io/address/0x4325… ","username":"un_frontier","name":"✨Untitled Frontier✨","date":"Wed Jun 15 18:55:00 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FVUKftIXEAAeZOT.png","link_url":"https://t.co/ql3SiGo0al","alt_text":null},{"img_url":"https://pbs.substack.com/media/FVUKftIXEAI6OUd.jpg","link_url":"https://t.co/ql3SiGo0al","alt_text":null},{"img_url":"https://pbs.substack.com/media/FVUKftJX0AA2sgI.jpg","link_url":"https://t.co/ql3SiGo0al","alt_text":null},{"img_url":"https://pbs.substack.com/media/FVUKftMXwAAKKFH.jpg","link_url":"https://t.co/ql3SiGo0al","alt_text":null}],"quoted_tweet":{},"retweet_count":9,"like_count":31,"expanded_url":{},"video_url":null}”>

✨Untitled Frontier✨ @un_frontier

Presenting Logged Universe’s “The Room of Infinite Paintings”: a simulated mind’s infinite attempt for meaning.

CC0 SVG on-chain generative art.
Free to mint.
Infinite supply.

Currently, only minting on etherscan: etherscan.io/address/0x4325…

• Harm van den Dorpel airdropped a new series, Markov’s Dream: Orbs, to holders of his acclaimed Mutant Garden Seeders series:

<div class="tweet" data-attrs="{"url":"https://twitter.com/harmvddorpel/status/1536838990044639232?t=1ygxQ6mdv83FY24b72kTXw&s=09","full_text":"Snapshot's been made and contract unpaused for all holders of @MutantGardenBot – enjoy – markovs-dream.harm.work/orb-lite ","username":"harmvddorpel","name":"Harm van den Dorpel .eth","date":"Tue Jun 14 22:32:22 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FVPyuJXXoAcTPoZ.jpg","link_url":"https://t.co/hQSBGeoqDi","alt_text":null}],"quoted_tweet":{},"retweet_count":4,"like_count":30,"expanded_url":{},"video_url":null}”>

Harm van den Dorpel .eth @harmvddorpel

Snapshot’s been made and contract unpaused for all holders of @MutantGardenBot – enjoy – markovs-dream.harm.work/orb-lite

• Starry Night Capital, a cryptoart fund co-managed by two founders of 3AC, consolidated its art NFTs into a new wallet; the move sparked speculation that an OTC deal was being conducted as rumors of 3AC’s insolvency surged this week:

<div class="tweet" data-attrs="{"url":"https://twitter.com/kylewaters_/status/1536899375296806917","full_text":"1/ Over the last 24h Three Arrows Capital-backed NFT fund @StarryNight_Cap has moved its entire collection on SuperRare totaling 70 works which it has spent &gt;$21M on since last August. ","username":"kylewaters_","name":"Kyle Waters","date":"Wed Jun 15 02:32:19 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FVQikdaXwAAimCZ.jpg","link_url":"https://t.co/rNZVJ0li8I","alt_text":null}],"quoted_tweet":{},"retweet_count":136,"like_count":602,"expanded_url":{},"video_url":null}”>

Kyle Waters @kylewaters_

1/ Over the last 24h Three Arrows Capital-backed NFT fund @StarryNight_Cap has moved its entire collection on SuperRare totaling 70 works which it has spent >$21M on since last August.

🎮 NFT Gaming

• Axie Infinity launched the Axie Creator Program.

• Information Token DAO (IT) invested in Joyride, a streamlined web3 platform for game creators. 

• Merit Circle DAO and Yield Guild Games (YGG) agreed to formally part ways. 

• Playful Studios, the team behind Words With Friends and beyond, raised $46M to build out its upcoming Wildcard Alliance NFT game. 

💽 Music

• Arpeggi Labs created the first open on-chain samples library:

<div class="tweet" data-attrs="{"url":"https://twitter.com/arpeggi_labs/status/1537480121858375680?t=OD28T2D4aOrikhL_XF1Hng&s=09","full_text":"We just airdropped 406 samples to 39 artists as 1/1 NFTs and used them to form the first open on-chain sample library! 🥳nnThe library and Arpeggi v2 are now available to all beta users to make and mint free music NFTs! 🎶nnThis is how we got here. 🧵👇nmirror.xyz/arpeggi.eth/uS…","username":"arpeggi_labs","name":"Arpeggi Labs","date":"Thu Jun 16 17:00:00 +0000 2022","photos":[],"quoted_tweet":{},"retweet_count":32,"like_count":78,"expanded_url":{"url":"https://mirror.xyz/arpeggi.eth/uS-AtJI1kBQRxB1iSsLuJS31vFvEpsH7mB0UXuEjWRQ","image":"https://bucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com/public/images/1216a733-5ac1-4c93-addc-b31eb16fe31e_3000x1500.jpeg","title":"The First On-Chain CC0 Sample Library","description":"On November 24th, 2021 we published an article in which we called on our community to submit samples to create the first-ever on-chain open-source sample library.","domain":"mirror.xyz"},"video_url":null}”>

Arpeggi Labs @arpeggi_labs

We just airdropped 406 samples to 39 artists as 1/1 NFTs and used them to form the first open on-chain sample library! 🥳

The library and Arpeggi v2 are now available to all beta users to make and mint free music NFTs! 🎶

This is how we got here. 🧵👇
mirror.xyz/arpeggi.eth/uS…The First On-Chain CC0 Sample LibraryOn November 24th, 2021 we published an article in which we called on our community to submit samples to create the first-ever on-chain open-source sample library.mirror.xyz

• Coopahtroopa.eth published This Week in Music NFTs – June 13th. 

🌐 Virtual Worlds

• Decentraland and The Sandbox are hosting around 1k active daily players right now. 

💎 DeFi x NFTs

• Stacey Cunningham, the former president of the New York Stock Exchange, joined Uniswap Labs as an advisor (Uniswap V3 handles liquidity positions as NFTs).

Action steps

• 📺 Watch Cooper Turley talk Music NFTs on Overpriced JPEGs

• 📺 Watch Inside Gitcoin Grants Round 14 on Green Pill

• 🧐 Catch up on my other write-ups from this week: 

  • Welcome to Chainspace

  • NFTs in a bear market 

  • 5 steps to starting your crypto career

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.