NFTs Are (Not) Dead 🧟 – by William M. Peaster


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Metaversal is bankless newsletter Weekly level-ups for NFTs, virtual worlds and digital collectibles

Dear country without banks

As with cryptography, there were many declarations. NFT is dead! Over the years. We saw several such claims this week as well.

Various activity levels have dipped over the past few days, but it’s crazier than ever to completely write off NFT as having their best moments because of a funky week.

Of course, the market isn’t the only thing that can be volatile here. So Good week back So bad week.

Don’t forget to keep exploring what you enjoy most around NFTs. Everything else will be sorted out over time. Also, as always, thank you for reading and have a great weekend ✌️

-WMP

👉 Adding MetaMask Learn to our community onboarding guides ✨

NFT market cap rises from 8.44 million ETH this week 8.04 million ETH It’s a drop of about 5%. Memecoins such as the ripping of $PEPE, the last-minute US tax payment scramble, and the sweeping drop in NFT floor prices have made it a losing week for many key NFT stats.

This week’s 7D volume stats dropped significantly across all major NFT collections. After Wrapped CryptoPunks topped these charts for the past month in a row, BAYC takes pole position again this week, riding a massive wave of selling pressure that saw Bored Apes’ lowest price drop below 50 ETH for the first time. Earned. Long time. Outside of the Yuga Labs collection, this week’s top five collection was Chiru Labs’ project Azuki and his BENZ.

With the two-way race going on between Blur and OpenSea/OpenSea Pro over the past few months, the newest addition to the showdown was LookRare, who achieved 6% of 7D volume in the NFT space this week. . This is not surprising given that LooksRare, which first launched in January 2022, is gaining momentum. New V2 platform release.

Yesterday, the Shadow Wolves NFT was introduced Cool Cats Join the Cooltopia ecosystem, offering collectors dark Viking-like personas with unique abilities and experiences. Shadow Wolves are Cool Cats Fracture NFT, the maximum collection size is 11,575. This collection includes legendary characters called The Elders and The Scholars, with final Shadow Wolf series rarity tiers and traits determined by Fracture traits. Foundry He is open until May 19, 2023, after which any unused His Fracture NFT loses its usefulness. Shadow Wolves is considered a ‘Super Cool’ membership NFT, offering owners exclusive benefits such as early access to drops and releases, merchandise, IRL events, and partnership benefits.

  • Gitcoin Impact Report The Gitcoin Impact Report NFT Drop showcases how Gitcoin has cultivated the web3 community over the years, with key facts, figures, and insights about notable Gitcoin grant recipients such as Coin Center, Optimism, and Uniswap. A collection of free open editions celebrating the first-ever impact report highlighting case studies.

  • rainbow fini for those who miss me hot mint The cute Rainbow x Finiliar “Bow” collab is still available for two days. With a Mintable of 0.0042 ETH per pop, Bow is dynamic, happy when ETH gas is low and upset when ETH gas is high.

1. Andy Escher, a new platform for digital art editions, Heading.

2. chain left On why on-chain art is conceptually compelling.

3. NFTStatistics.eth with NFTs Momentum Asset.

DeepNFTValue is a platform that uses advanced machine learning models to provide accurate evaluation and data insights of various NFT collections. These models take into account historical data and on-chain information, as well as recent sales and lowest prices, giving you a clearer picture of the NFT you are analyzing.

This week, Taylor Monaghan announced the mysterious “Large Wallet Drain Operationhas already claimed large amounts of ETH and NFTs on dozens of chains. It appears to be some sort of seed phrase leak, but we’re still not quite sure how or where. Needless to say, it’s a great time to revisit our approach to protecting cryptocurrencies and NFTs. my recommendation? Use a layered approach: start with a hardware wallet as a base, safe safeand use safe tools such as delegate.cash, revoke.cash. stereo for extra protection.

Visualization of previous attacker operations

Beeples new work Teasing current memecoin frenzy + SEC Chairman Gary Gensler once said “Sil Algorand’ But now I’m against it…

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.

apply bankless$22/month.include Archive access, inner circle & badge.

Metamask learning An educational resource to help people understand what web3 is, why it’s important, and how to get started. While you may understand the core concepts of this decentralized technology, many do not.Consider adding MetaMask Learn to your onboarding guide If you are a dapp developer or NFT creator, you can give the community the welcome it deserves.

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 through one of these links. Additionally, bankless writers hold crypto assets.see us Click here for investment disclosure.


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Conor the Tech Veteran
He previously spent 6 years publishing research on tech stocks, and believes in using a combination of fundamental, technical, and quantitative analysis. Prior to a career in tech stocks journalism he was a technology and semiconductor analyst with a research team.

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