Metaversal is bankless newsletter Weekly level-ups for NFTs, virtual worlds and collectibles
Dear country without banks
The FTX blast was a stark reminder that people who can abuse tremendous amounts of power often do.
In the ugliness of this episode is a reminder of why decentralized finance is so important.
By opening up financial intermediation, DeFi can help prevent the abuse of power that has shocked the crypto economy this week.
That said, we still have a lot of work to do to rebuild sentiment and push DeFi even further. DeFi 1.0 is off to a great start, but new experimentation and innovation are needed to usher in DeFi’s second golden age.
To that end, NFTs are the way forward. From decentralized credit score backing to prediction markets, NFTs will play an increasingly important role in reimagining and realizing his DeFi potential.
Why? Because NFTs unlock new possibilities for identity and sociality that DeFi simply didn’t have in its first push. These new possibilities lead to new evolutions.
In other words, DeFi will emerge stronger than ever from the influence of FTX, and the DeFi x NFT crossroads will be a big part of that. In the meantime, thanks for reading everyone. Please wait. For now, let’s break into his biggest NFT headlines of the week.
-WMP
🙏 Sponsors: Slew – Collect, Play, Win. own your game✨
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blitmap provided Provisional overview Each collection in the upcoming Logos “Villains” collection will come in three versions as follows:
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Deepak TapryalChain CEO is considering auctioning or fragmenting his vast NFT collection.
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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