Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & more!
Dear Bankless Nation,
Now that Sam Bankman-Fried was just found guilty on 7 different counts, I’ve been doing some reflecting on the FTX saga.
One thing I keep coming back to is the shuttering of the FTX NFT platform, which relied on a private server so now all its NFTs have broken metadata. Yikes.
Of course, the episode’s so instructive because it’s a recent high-profile example of how private servers are the worst way to underpin NFTs as far as longevity is concerned.
Yet to be sure not everything has to be fully onchain. Next week I’ll be doing a write-up on the basics of bespoke storage networks like IPFS, Arweave, and Filecoin, so keep an eye out for that.
In the meantime have a great weekend everyone and thanks for reading. Now here’s your latest weekly NFT roundup! ✌️
-WMP
🙏 Sponsor: Kraken — Kraken NFT is built for secure NFT trading ✨
📊 The big picture
Over the past week, the floor-based market cap of the NFT space stayed steady at 5.1 million ETH for a 0% 7-day change ⭕
🔝 7D top collections by volume
🏹 Settle, Hunt, Claim, Repeat.
Be more bankless and become a Bankless Citizen today!
📰 General news
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Johnny Mack unveiled the Subscription Token Protocol (STP).
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Jokerace added support for NFT allowlists.
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Lens completed Phase 1 of its V2 protocol migration.
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OpenSea announced layoffs ahead of “OpenSea 2.0.”
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OpenSea Pro added support for Polygon.
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Party revealed an Add New Members feature.
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Phantom rolled out a Camera Mint feature on mobile.
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Rarible launched RaribleX.
🏆 Digital collectibles
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RTFKT revealed plans for its Evo Vial Evolution event.
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0xmons launched the AKOLYTES collection.
🎨 Cryptoart & music
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Folia hosted its Coordinates drop by Travess Smalley.
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Foundation intro’d Teams to its Worlds system.
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fxhash 2.0 is launching December 1st.
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Gemma, a new onchain art ecosystem, launched on Zora.
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Sound launched its multiplayer social feed.
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XCOPY minted a new collection, REMNANTS, for Rare Pass holders.
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Zien kicked off its New China Contemporary drop.
🎮 Decentralized gaming
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Axie Infinity kicked off its Origins Season 6 Mystic Era.
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Forgotten Runes is launching the Runiverse game next week.
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Pixels, a pets adventure game, migrated to Ronin.
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Project T added support for Axie Experience Points (AXP).
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Solana Labs unveiled the GameShift beta, an API for game devs.
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Small Brain Games intro’d Drawtech, a new fully onchain mobile game.
🌐 Virtual worlds
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Decentraland rolled out Decentraland Worlds, i.e. personal virtual spaces.
🪙 NFTfi
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NFTfi.com added support for unwrapped CryptoPunks.
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Sudoswap launched a Creator Dashboard system.
🎆 Mint spotlight: Forget About Time
Did you catch my write-up on cross-chain NFTs earlier this week? Then you remember Holograph, which is known for its “holographic asset” hNFTs. If you’re interested in cross-chain NFTs but have never minted one before, you might consider the current free drop on Holograph, Forget About Time by Clara Luzian a.k.a. Renderfruit.
At the time of publishing there’s still just under a day left to mint, and since it’s an hNFT you can collect on Ethereum, Polygon, Optimism, Arbitrum, Zora Network, Mantle, BNB Chain, or Avalanche. Your pick!
🙇 New insightful reads to level up your web3 knowledge!
1. Alchemy on ERC-6900 🧠
2. Clara on collector motivations 🧐
3. ilemi on Solana NFTs 🟣
4. S4mmy.eth on digital stamps 📬
5. WASD on Drawtech ✏️
✨ My tools of the week: Onchain NFT databases
Want to check if a particular NFT collection stores its NFT art and metadata onchain?
There aren’t any comprehensive resources toward this end, but there are a handful of awesome repositories — some actively growing, some no longer maintained — that do provide great foundations for cross-checking. Keep these databases on your radar going forward accordingly:
1⃣️ 0xchain.art
2️⃣ fullyonchain.art
😜 THIS is what the establishment fears most…
P.S. Weekend quests!
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🪞 Check out Holograph’s new drop
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📚 Collect this week’s Metaversal posts on Mirror
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🆕 Catch up on my latest write-ups:
A Bankless Citizen ⚑ turned $264 into $6,077 last year. A 22x ROI 🚀 in a bear market!
🙏Thanks to our sponsor
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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.
