Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
This week The Museum of Modern Art (MoMA) acquired not one, but two NFTs: Unsupervised by Refik Anadol and a PFP from Ian Cheng’s dynamic conceptual art series 3FACE.
In 100 years when every museum has 1,000s of NFTs in their holdings, early acquisitions like this will look absolutely prescient.
For now though, let’s just round up all the other NFT intrigues from this week! Thanks for reading everyone, have a great weekend, and stay creative ✌️
-WMP
🙏 Thanks to our sponsor MetaMask Swap
🦊 Goodbye complicated exchanges. Hello simple swapping. 🦊
📊 The big picture
Over the past week, the floor-based market cap of the NFT space rose from 7 million ETH to 7.1 million ETH for a 1.43% gain ⤴️
🔝 7D top collections by volume
🏹 Settle, Hunt, Claim, Repeat.
Be more bankless and become a Bankless Citizen today!
📰 General news
-
6529 unveiled EMMA, a multi-phase allowlist management tool.
-
Immutable joined Amazon’s ISV Accelerate Program.
-
Magic Eden is conducting a tokenized Pokemon card drop.
🏆 Digital collectibles
-
AdWorld added BasePaint skins for Rainbow World holders.
-
ApeCoin DAO is considering the creation of an ApeChain L2 that would be built on the Polygon zkEVM tech stack.
-
CrypToadz #4030 was bought for 1,055 WETH in a transaction suspected to be related to money laundering.
-
DeGods are mounting The Comeback campaign.
-
Gutter Cat Gang community member Noah acquired Gutter Labs’s assets.
-
Pudgy Penguins launched a limited-edition collab drop with Last Crumb, a luxury cookie brand.
-
Spencer Ventures acquired 48 Pudgy Penguins from the 3AC collection.
🎨 Cryptoart & music
-
Sound opened its new tiered editions feature to all users.
-
Zien, the web3 fine art project behind Expanded NFTs, introduced its V3 platform ft. a new artist membership system, collector passes, and the AURA loyalty token.
🎮 Decentralized gaming
-
Big Time, a web3 multiplayer RPG, kicked off its first preseason and released its BIGTIME token.
-
Ronin launched the Ronin Gifting Portal.
-
Parallel is now listed on Steam.
-
Sorare introduced a major platform redesign.
-
Yat unveiled Yat Fantasy, a NFT fantasy collecting game.
🌐 Virtual worlds
-
China Daily, a large Chinese newspaper, is rolling out its own NFT-friendly metaverse platform.
-
Decentraland published its Q3 update report.
🪙 NFTfi
-
Blur announced its Season 2 will start next month.
-
NFTfi.com rolled out its latest protocol upgrade.
-
Uniswap opened its wallet beta to Android users.
🎆 Mint spotlight: Farcaster Is Open For Everyone
Farcaster, my favorite crypto social project right now, went permissionless this week so now anyone can sign up for an account on the Optimism L2.
That said, I think there’s a decent chance Farcaster ages like fine wine and can have breakout success down the road. If that pans out, wouldn’t it be cool to be able to show off you were a user at the start, e.g. like being one of Twitter’s first tweeters?
One easy way to hedge here accordingly is to collect the commemorative “Farcaster Is Open For Everyone” NFT, available as a free mint on Zora for the next month!
🙇 New insightful reads to level up your web3 knowledge!
1. Flynn Calcutt on ZK Hunt 🗡️
2. Modulus Labs on zkGAN NFTs 🎴
3. Polygon Labs on tokenization hype 🟣
✨ My NFT tool of the week: Zora Share Rewards
I’ve previously written about Zora Protocol Rewards and how artists can earn from them, and now it’s turn for curators to get in on the action. That’s because Zora just added a “Share” button to every Zora mint page that automatically generates a referral link connected to your wallet address. Any time someone mints through your link, you’ll earn 0.000111 ETH a pop!
😜 It was probably self-dealing, but what if it wasn’t…
P.S. Weekend quests!
-
💎 Check out Zora Share Rewards
-
📚 Collect this post on Mirror
-
🆕 Catch up on the latest Bankless articles:
-
🙇 Catch up on my latest write-ups:
Author bio
William M. Peaster is the creator of Metaversal — a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also a senior writer for the main Bankless newsletter.
A Bankless Citizen ⚑ turned $264 into $6,077 last year. A 22x ROI 🚀 in a bear market!
🙏Thanks to our sponsor
METAMASK SWAP
MetaMask Portfolio houses our flagship swapping mechanism. The Swap feature allows you to swap tokens directly by aggregating data from various decentralized exchanges (DEXs) and market makers to ensure you get competitive prices and low network fees.
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.