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

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Dear Bankless Nation,

Yesterday I minted a single NFT from an artsy, experimental profile picture project. 

By the luck of the draw, the PFP I drew was light blue, while I was hoping for something black or red, which are my favorite colors since, well, forever.

Anyways, a little bit after waking up today someone hit me up to trade for the light blue PFP (after finding my mint via Context!) because they loved it. Turns out, in exchange they offered me a black or red PFP from the same series, so I picked the one that I thought suited my writerly nature best and we traded:

The takeaway here, then, is sometimes with a little patience the perfect NFT falls into your lap. Stay patient, stay creative, and have a great weekend ✌️

-WMP

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🛒 NFT News & Platforms

• Arbitrum temporarily paused the NFT-centric Arbitrum Odyssey campaign. 

• Coinbase NFT began a Drops program.

• EIP4907, a token standard for NFT rentals, was finalized. 

• Facebook started testing Ethereum and Polygon NFTs. 

• OpenSea experienced an email vendor security incident. 

• Gem launched a Live Mints dashboard to track ongoing NFT mint events:

gem.xyz @gemxyz

✨ New at Gem: Live Mints 🌱

Get a real-time overview of the hottest ongoing mints. Sort by the newest collections, mint volume, and more – with social indicators like unique minters and notable wallets.

Found your Gem? You can now mint it straight from the Gem UI! 🚀

June 29th 2022

100 Retweets339 Likes

• LooksRare added support for Coinbase Wallet.

• U.S. DOJ hit the “Baller Ape” NFT rug puller with money laundering and wire fraud charges. 

• Quixotic, an NFT marketplace on Optimism, was exploited. 

• Zora introduced the Zora Development Kit (ZDK) and redeemable NFTs:

<div class="tweet" data-attrs="{"url":"https://twitter.com/ourZORA/status/1542210254791909379","full_text":"🌐→🌏 nRedeemable NFTsnnAn NFT that is redeemable for a physical good. n↳ Pay with ETHn↳ Resale royalties for the creatorn↳ Ability to resell without shippingnnTry it out with the incredible IRL Nouns Glasses by @nounsvision: n↳ nounsvision.com ","username":"ourZORA","name":"🌜🌞🌛","date":"Wed Jun 29 18:15:52 +0000 2022","photos":[{"img_url":"https://substackcdn.com/image/upload/w_728,c_limit/l_twitter_play_button_rvaygk,w_120/x2ki9hbmbizqjba0t1mf","link_url":"https://t.co/7N77ivx5w2","alt_text":null}],"quoted_tweet":{},"retweet_count":26,"like_count":165,"expanded_url":{},"video_url":"https://video.twimg.com/ext_tw_video/1542208725003403264/pu/vid/1278×720/O1o7E6KrC-f-giRu.mp4?tag=12","belowTheFold":true}”>

🌜🌞🌛 @ourZORA

🌐→🌏
Redeemable NFTs

An NFT that is redeemable for a physical good.
↳ Pay with ETH
↳ Resale royalties for the creator
↳ Ability to resell without shipping

Try it out with the incredible IRL Nouns Glasses by @nounsvision:
↳ nounsvision.com

🏆 Digital Collectibles

• doodles completed its Bucket Auction event:

<div class="tweet" data-attrs="{"url":"https://twitter.com/doodles/status/1542678590071853057","full_text":"The Bucket Auction has concluded! nnAuction Stats:n- 6,528 total biddersn- 4,446 successful bidsn- 11,975.42 ETH auction totaln- 0.508 ETH price per Genesis Boxn- 23.11 ETH in gas feesnnContract: 0xB75F09b4340aEb85Cd5F2Dd87d31751EDC11ed39nnCollection: opensea.io/collection/gen… ","username":"doodles","name":"doodles","date":"Fri Jul 01 01:16:52 +0000 2022","photos":[{"img_url":"https://substackcdn.com/image/upload/w_728,c_limit/l_twitter_play_button_rvaygk,w_120/wxptfdlgi71ugj0j9nrm","link_url":"https://t.co/wHodTxSCm8","alt_text":null}],"quoted_tweet":{},"retweet_count":318,"like_count":1222,"expanded_url":{},"video_url":"https://video.twimg.com/ext_tw_video/1542663621309636608/pu/vid/320×320/n8jfNFSeImhvuoVX.mp4?tag=14","belowTheFold":true}”>

doodles @doodles

The Bucket Auction has concluded!

Auction Stats:
– 6,528 total bidders
– 4,446 successful bids
– 11,975.42 ETH auction total
– 0.508 ETH price per Genesis Box
– 23.11 ETH in gas fees

Contract: 0xB75F09b4340aEb85Cd5F2Dd87d31751EDC11ed39

Collection: opensea.io/collection/gen…

• Nouns DAO is adding eight new heads and eight new accessories to its smart contract on August 8th, 2022. 

• Lil Nouns DAO is developing a token-weighted bulletin board tool. 

• Yuga Labs filed a lawsuit against Ryder Ripps for selling “copycat” Bored Ape NFTs.  

🎨 Art

• Art Blocks announced Nov. 11th and Nov. 12th dates for its Art Blocks Open House weekend.

🎮 NFT Gaming

• Axie Infinity launched Land Staking, kicked off Origin Phase 2, and reopened the Ronin Bridge. 

• Treeverse released a short teaser vid of its upcoming MMORPG game:

Treeverse (🌱) @TheTreeverse

[🫡]

June 28th 2022

581 Retweets2,225 Likes

💽 Music

• Coopahtroopa.eth published This Week in Music NFTs – June 27th. 

🌐 Virtual Worlds

• Mona, a web3 metaverse platform, raised a $14.6M Series A round. 

• The Sandbox opened up its LAND bridge to Polygon. 

• HTC released its metaverse-minded and web3-friendly Viverse phone. 

💎 DeFi x NFTs

• Fractional unveiled a fixed price sales functionality. 

<div class="tweet" data-attrs="{"url":"https://twitter.com/fractional_art/status/1542550077788590082?t=-DzgGWc2zoKpqqIYdulx9g&s=09","full_text":"We launched a new feature: Fixed Price SalesnnCurators can now list their fractions at a specific ‘fixed price’ for anyone to purchase 🎉nnThe bigger updates are still to come🤫nnmedium.com/fractional-art… ","username":"fractional_art","name":"Fractional","date":"Thu Jun 30 16:46:12 +0000 2022","photos":[{"img_url":"https://pbs.substack.com/media/FWg8_dCXgAEw8ua.jpg","link_url":"https://t.co/tKRjfXJHzh","alt_text":null}],"quoted_tweet":{},"retweet_count":8,"like_count":45,"expanded_url":{},"video_url":null,"belowTheFold":true}”>

Fractional @fractional_art

We launched a new feature: Fixed Price Sales

Curators can now list their fractions at a specific ‘fixed price’ for anyone to purchase 🎉

The bigger updates are still to come🤫

medium.com/fractional-art…

• Element Finance explained how it designed its Elfiverse NFT project. 

Action steps

• 📺 Watch Arcade founder Gabe Frank talk NFT lending on Overpriced JPEGs

• 📺 Watch Bear Market War Stories w/ DCInvestor & Eric Conner on Bankless

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

  • How to earn passive yield on your NFTs

  • 5 cool new NFT projects

  • Study these NFT smart contract approaches

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.