Metaversal is bankless newsletter For weekly level-ups in NFTs, virtual worlds and more!
Dear country without banks
Low prices for most NFT collections have dropped significantly over the past month, but many floors have rebounded sharply in the last days. What do you give?
Others are pointing to nftperp, an NFT derivatives exchange that was launched yesterday. paused Smart contracts in the V1 system.
With the Perpetual platform achieving great volume so far, it seems to have taken a fair amount of downward pressure off the collection floor for now as all short action dried up instantly.
Will that pressure return when V2 is released? If Will V2 be released? We’ll have to wait and see. In the meantime, thanks for reading everyone and have a great weekend ✌️
-WMP
🙏 Sponsors: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 has risen from 7.91 million ETH 7.43 million Ethereum to a 6% decrease.
🔝 7D Top Collection (By Volume)
Want to unlock over $1,000 in Citizen sales and offers across cryptocurrencies?
📰 General news
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mint fan are preparing for Announced L2 support.
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noun DAO about to vote for Collaboration with Puggy Penguinswhose V3 system is now Auditing with Code4rena.
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high seas Added support for Zora Network L2.
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seed clubannounced by on-chain accelerator network. 10 6th term membersinclude Fini and pod.
🏆 Digital collectibles
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Azuki We are conducting a community vote on whether to Update elemental background today.
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cool cat to start new journey experience on July 10th.
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Kevin Rose published Moonbird State Primer.
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open set 008 clearly.
🎨 Crypto art and music
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Folia booting viperthe successor to a cult classic Kudzu virus NFT.
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Sound.xyz Publish new work after release Editing function and abolished it Percentage-based fees for Mint.
🎮 Decentralized game
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gods unchained Deploy new game modes, build chaos.
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Guild of Guardians launched NFT staking For Season 2 of the Guild Treasure Campaign.
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realm lords token migrated From Ethereum to Starknetthe first token to do so.
🌐 virtual world
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Decentraland Foundation the Second quarter report.
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webverse We just released an open beta version of AI assistant themed moemate app.
🪙NFTfi
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arcade lending is on the rise Backed by generative art and 1/1 crypto art.
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Blur expanded it V2 systemduring loan origination fell recently.
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nftperp carried out surprise pause V1 Private Beta.
🎆 Mint Spotlight: mint.fun! team
mint fan Introduced !teams, a group mint contest. Minter is randomly assigned to a team (Got team purple 💜), each member’s points contribute to the team’s total score. The competition offers a chance to win an ever-growing ETH prize pool, mint.fun bonus !fun rewards, and other prizes. For more information, please visit: !Teams FAQ. Please note that 1 mint is 0.0025 ETH and the contest ends on July 28th.
🙇 New insightful reading to level up your Web3 knowledge!
1. vertex about their updates On-chain game report 🎮
2. Hoover upon Why vAMM is Doomed to Fail 💀
3. Jalil Es and The Design Decisions Behind Openen Set 009 🔥
✨ My NFT Tools of the Week: optimism for the gallery
galleryWe just added support for NFTs minted with Optimism, the Web3 curation platform. This means you can now organize and share your Optimism NFTs any way you like. For example, the publishing platform Mirror mints NFTs with optimism, so if you’ve collected Mirror’s posts before, you can start organizing them as you wish in the gallery 🖼
😜 Sorry Zack, I’m more of a furcaster or lens person myself…
weekly action steps
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🆕 read FTX wants another shot, Track LayerZero Opportunitiesand hot minor summer in bankless
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🙇 Check out our other NFT articles this week:
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👾 Autonomous world
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🧮 Ranking of NFTs
Unbanked citizens ⚑ went from $264 to $6,077 last year. In a bear market he has a 22x ROI 🚀!
🙏 Thanks to our sponsors
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It is not financial or tax advice.This newsletter is for educational purposes only and is not intended as investment advice or a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Please consult your accountant. Find out for yourself.
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 ourClick here for investment disclosure information.
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