Right-Click Saved 🤳 – by William M. Peaster


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

Dear country without banks

Reasons to buy an NFT … I have the same one on my phone.I can take a screenshot of that NFT and have it

This particular quote came from Joe Rogan on his podcast this week.

The practical phrases above are “I have the same” and “I have it”. Of course, screenshotting a dollar doesn’t give you purchasing power.

This is an ontological misconception here, as Joe conceptually equates screenshots and NFTs, because they are actually technically very different. NFTs can be durable, tradable, programmable digital artifacts, but screenshots resemble single-use digital disposables.

That said, it’s an understandable misunderstanding for those less familiar with NFTs, but this episode teeth It’s the latest harsh reminder that we still have a long way to go in educating the public about what NFTs really are.

In the meantime, I hope everyone is having a great weekend. For now, let’s take a quick look at the conspiracies and top events of the past week✌️

-WMP

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Keep the winning streak going! The overall market capitalization of the NFT space has maintained its growth trajectory for eight consecutive weeks.Market cap from 10.02 ETH this week 10.15 Ethereum Marked a 1.3% gain since last friday recapInterestingly, this growth comes at a time when most major cryptocurrencies have experienced seven days of significant price declines.

Topping the 7D volume rankings was a typical week, with Yuga Labs’ so far dominant MAYC, BAYC, and Otherdeeds collections collectively driving +50,000 ETH worth of activity. A surprise appearance is owla check-inspired ASCII art collection, has just hit the scene and has already sparked a new wave of ASCII projects accordingly.

Other NFT marketplaces, well, Blur In terms of trading activity, now in Blur’s rearview mirror. Blur once again accounted for about 80% of his 7D trading volume in space after achieving the same feat last week.You have now received access to Who Can Challenge the Power of $BLUR? New Gem Betaand after looking at some I think that can Once exposed, it eats into Blur’s dominance. For now, we’ll have to wait and see.

Two big Bored Ape sales were unsurprisingly in the top three, but the unexpected was the maximum that week’s sale Arbit ID / Compass NFT dubbing ~ CommonwealthThe day may come when I can explain Arbit But suffice it to say that this outrageous transaction is an unusual sighting compared to the projects we typically see here.

Degradation of metal labels The series began with ‘Gitcoin Presents’, aka The Quadratic Funding Collection. This is an open edition release to celebrate and raise funds for the public good. This collection includes contributions from revival heavyweights such as Vitalik Buterin, Kevin Owocki and Zoë Hitzig. Minted at 0.05Ξ each, the NFT briefly surged in value to +0.5Ξ after the word “Vitalik NFTs” spread and the Mint closed Wednesday.

  • Zerion Subscriber OG — An example of Mirror’s new “Subscribe to Mint” feature in action. This is a free mint that was still open for a few days at the time of writing. This is how the project gets its branding and community on-chain, and in the case of Zerion, minted NFTs provide their owners with perks and access to exclusive content.

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1. Giancarlo About NFT’s “Dead Than Dead” concept:

2. Hiroba Details of the vertical NFT marketplace:

3. oscar About managing expectations with NFT drops:

Those who regularly look into Etherscan in the course of their NFT activities and research should check out the DeFiLlama browser extension. Among other things, this resource enhances the popular block explorer with an informative wallet tagging system. This allows us to visualize NFT activity and identify fraud much easier than before.

In the chart below, you can see how the bottom price of the collection changed after Momoguro Art was published. straight away I started to slouch. why? Many people quickly sold off their NFTs when they realized they weren’t collecting rares. Conversely, as the initial trading activity revolved around the discovered rares, a series of trades began to occur many times over the lowest price. It’s common to see new NFT collections shortly after art is published, so be careful with this kind of action.

Contrastingly, much of the NFT community does not seem to care much, as fears of a prolonged bear market continue to permeate traditional crypto circles. We are a little wild here. Weird, as Joe Rogan calls us…

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 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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