Metaversal is bankless newsletter Weekly level-ups for NFTs, virtual worlds and collectibles
Dear country without banks
Anecdotally, many NFT power users seem to have escaped direct exposure to FTX’s collapse.
why?
Well, over the past few years, many people have doubled down on crypto finished NFTs.
This is important because many of these same people weren’t interested in complex financial operations such as trading derivatives or leveraged trading on centralized exchanges, they just wanted to tinker with digital items.
Having said that, you need you Own So the recent NFT boom has led many people to self-manage their ETH and other digital assets on-chain, No Keep them in CEX’s off-chain database.
Of course, self-management comes with great responsibility. Your keys, your cryptographic rights — but the money stays with you.
Still, things can be improved about educating and building guardrails here. In the meantime, it’s heartening to see there actually is a wave of new settlers making their way on the on-chain front.
Catch up on this week’s major headlines for the task at hand. Thanks for reading everyone ✌️
-WMP
🙏 Sponsors: Slew – Collect, Play, Win. own your game✨
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Boad Ape Yacht Club BAYC price floor pushed higher this week’s trading activity less than 50Ξ First time since December 2021.
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washes amortized 60% of A treasure trove of creative teams As a result of the collapse of FTX.
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Yuga Lab Donated CryptoPunk #305 to Miami Institute of Contemporary Art. first initiative A member of the Punks Legacy Project.
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Yuga Lab Also Acquired WENEWthe NFT content company behind the 10KTF collection, has acquired Beeple as an advisor as part of the deal.
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Nike announced .Swooshthe virtual creations platform for the athletic apparel giant.
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NonFungible.com its launch virtual headquarters in Decentraland.
William M. Peester is a professional writer and creator of metaversal— Bankless newsletter focused on the emergence of NFTs in the crypto economy. Recently, we also provide content to Bankless, JPG, etc.
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It is not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Please consult your accountant. Please do your own research.
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