Metaversal is bankless newsletter Weekly level-ups for NFTs, virtual worlds and digital collectibles
Dear country without banks
This week, Truth Labs Team Surprise has updated the metadata for all collections, including Goblin Town. Mandatory contract transition event.
The move shocked parts of the NFT space who didn’t realize that the art of many NFTs can be freely modified by their creators.
Of course this is my recent reason mint condition A Guide to Evaluating the Quality of NFTs We noted that a fully on-chain NFT is a crème de la crème because its metadata is immutable, stored directly on the blockchain and can be retrieved forever.
This reality underpins what I call “on-chain premium.” That said, on-chain NFTs should be viewed as intrinsically more valuable than his off-chain based NFTs due to exponentially better long-term immutability and storage prospects.
All in all, the Truth Labs episode is just a modern reminder to pay attention to what you create and what you keep in general. For now, though, let’s catch up on some of last week’s top NFT conspiracies.
Thanks for reading and have a great weekend ✌️
-WMP
👉 Adding MetaMask Learn to our community onboarding guides ✨
NFT market cap rises from 8.64 million ETH this week 8.44 million ETH That’s a drop of 2.31%. Interestingly, in USD terms, NFT’s market cap rose from $16.07 billion to $17.61 billion over the same span, with his ETH surge this week making him up 9.6%.
For the month in a row, Wrapped CryptoPunks have topped the NFT market’s 7-day volume chart. Call it $BLUR farming, balance back to the force, etc. Either way, it’s always nice to see the OG PFP collection in pole position. In particular, Azuki exploded into the top 5 most traded collections of the week due to the huge success of the project. IPX x Chiru Labs Newsand Nakamigos continued to show endurance with a flurry of +5,500 7D trades.
OpenSea Pro is gaining momentum! Over the past week, the new and improved NFT Marketplace aggregator has increased its market share for 7D NFT transactions from 9.3% to 16.2%, while Blur’s market share has increased to It dropped from 41.3% to 35% over the same span. So while OpenSea Pro is eating into Blur here, Blur continues to dominate trading volume levels for now.
mint.fun just introduction!fan drop, a reward system for NFT users. The platform allows you to create free !fundrop passes. This will earn you !fun points for creating NFTs with mint.fun. These points can be used to access rare reward boxes in the first wave of rewards scheduled for May 15, 2023. The !fundrop leaderboard plays a big role in determining these future rewards.
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moon bird myth — Beginning April 17th, Moonbirds owners will be able to claim the following Mythic Eggs: moon bird myth Extended PFP collection. Only 25 Mythics can be “hatched” per day once the collection is live, so it will be interesting to see this release roll out gradually.
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social contract — Dynamic open edition NFT drops by artists Black Arikan Collaboration with JPG. According to wallet data, NFT reveals and predicts an on-chain social network among peer NFT collectors. Also, they evolve over time. The Mint will start next week on April 19th and will run for 5 days (Disclosure: I love everything in this series, but please note that I am also a JPG contributor. Mint only if you like it too!)
1. back seat About the design of Art Blocks GenArt721CoreV3 Smart Contract 🎨
2. mikegood.eth in size above Name your DAO 🔝
3. Tony Above Future of Metaverse NPCs 🤖
Manifold announced Multiburn, a new resource that allows creators to request the burning of multiple different tokens to redeem new NFTs.For context, previously with Manifold you could only write one A specific token to create another token. Keep an eye on these explorations as the enhanced functionality should lead to all kinds of new creative experiments in the NFT ecosystem.
The rise of AI solutions like ChatGPT in recent months suggests that every field of human activity is poised to revolutionize in different ways, and the NFT ecosystem is no exception. AI x NFT experiments start with something relatively simple: “NFT Chat” App Shown below, but much more complicated possibilities are just around the corner!
As the crypto market heats up decidedly again, I wish you all a very merry GM:
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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