Metaversal is bankless newsletter Weekly level-ups for NFTs, virtual worlds and collectibles
Dear country without banks
good morning. Celebrate St. Patrick’s Day.
As we dive into this week’s news roundup, remember that fortunes can go up and down in the world of NFTs, but a keen eye and a little bit of luck can go a long way.
For example, some of my friends joke that I have a “lucky wallet.”
Jokes aside, I wish you all the best in your NFT efforts. your Purses are as full as shamrocks on this festive day.
In the meantime, have fun exploring with Sláinte!
-WMP
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The overall market capitalization of the NFT space has shrunk for the first time in two months since we started summarizing Metaversal 2.0, down from 10.15 million ETH 9.6 million Ether 5% drop in week. On the flip side, the prices of top coins such as BTC and ETH had his 7D ticks of considerable green, so it’s safe to assume that a few people have fled to what was considered safe in the majors. Recent banking turmoil in the United States
Another week and another dominant performance by MAYC at the top of the 7D NFT volume chart. The Moonbirds collection also continues to show significant volume activity, with bear market blues leading to a recent surge in buying and selling pressure around the project. Azuki, Otherdeeds Plot, and BAYC all facilitated 9,000 ETH worth of trades in one week, completing the top five here.
Notably, Blur’s dominance over the NFT economy has receded somewhat over the past week, during which time its volume market share fell from 77% to 72%, while its trading market share fell from 56% to 51%. It’s not a massive drop, but it’s very different from recent weeks when Blur has been gaining momentum or maintaining dominance. Is this decline a sign that $BLUR rewards are starting to lose their appeal?
7D NFT had the highest sales during the crypto art-themed week. Fidenza and classic lost lobby They are priced at 380 ETH and 260 ETH respectively. Rounding out the top three biggest transactions was his 191.69 ETH sale of Azuki #3153, a rare “spirit” type in the PFP collection.
Following the BAYC Dookey Dash competition, this week Sewer Pass owners were able to participate in The Summoning of new “Power Source” HV-MTL NFTs. could be castA collection of 30k Mechs will be distributed across 8 power types and will be available for use in future minigames. The base minimum price is currently +2 ETH, Rare sells for as high as 45 ETH already.
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LUX_O — Free and open ‘outtakes’ derived from the latest work by crypto artist Figure31 lux series; the OE mint window still has over 24 hours left at the time of writing
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ZOGZ Pepe — Today, Pepe the Frog creator Matt Furie publishes the public version on his pepe.fun website. At the time of writing this, it wasn’t clear when the drop would start. So keep an eye out for announcements.
1. jay On how to assess the strengths of NFT projects:
2. Jack Butcher About the ongoing opepfp experiment:
3. Giancarlo On game publisher Nexon turning the MapleStory franchise into an NFT game:
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ETH, BTC, and some NFTs are the “magic” of the three “magic internet money”. They are very secure, you are the boss of your funds and people really appreciate them. Sure, the crypto economy is still in its infancy and can be daunting at times, but make no mistake, decentralized bearer assets are empowering in ways human civilization has never seen. Rest assured, this chapter in history is just beginning.
In the early days of cryptocurrencies and NFTs, holders may ride a metaphorical volatility roller coaster, but through self-management, at least we can know where there is a safety bar. Last weekend, the world briefly had to speculate on exactly what would happen to some US banks…
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.
disclosure. From time to time I add links to products I use in this newsletter. We may receive a commission when you purchase from one of these links. Additionally, bankless writers hold crypto assets.see us Click here for investment disclosure.
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