Metaversal is bankless newsletter Weekly level-ups for NFTs, virtual worlds and collectibles
Dear country without banks
Today, if you want to get a bird’s-eye view of the NFT space, you need to have at least a dozen different blockchains on your radar.
There is the King of the Hill, Ethereum. L2 OG such as Arbitrum, Optimism, Polygon, ImmutableX, Starkware. GameFi hub Ronin from Axie Infinity. Scenes from BNB, Solana, and Tezos. Flows in the Doodles crossover. And new ecosystems like the one emerging around Bitcoin Ordinals and Canto Mints.
Not so long ago, the world of NFTs wasn’t that big. Really interesting to see how NFT works gigantic It has been a driving force of activity and interest on many chains, not just Ethereum.
These blossoming digital media cultural frontiers present many new opportunities for trailblazers like us. Stay curious, stay diligent as you explore these new frontiers, and in the meantime have a great weekend!
-WMP
🙏 Sponsors: Kraken — The world’s most trusted and secure crypto exchange ✨
The cumulative market cap of the NFT space is up 2% again, another week of growth. 9.11 million ETH in a week. These days, this stat is “up only”, but only time will tell how long this weekly green streak will last. I have.
It’s also been a staggering week for the Yuga Labs project, which isn’t surprising. And Jack Butcher’s Checks continues to rip, further cementing the collection’s status as one of his biggest NFT stories ever in 2023. We’re on a fresh Dooplicators topic.
With the $BLUR airdrop just days away, OpenSea and Blur continue to battle it out for the top spot in the NFT volume war. As the airdrop dust settles, it will be interesting to see who can once again take the decisive lead. The rest of the standings look unchanged from last week, but crypto art platform Foundation overtook Sudoswap to place him in eighth place.
In last week’s recap, we noted that three large NFT purchases during the week totaled over £1,160 in sales.Fast forward to today and the biggest NFT purchase this week In total, it came to almost £2,000. These mega deals are just the latest sign that things are heating up at the top of the NFT economy right now.
-
sound introduced Curator Reward.
-
Tessera announced Eschera curated market of fine art editions.
-
vertical crypto artcurator house in partnership with art block engine.
With a price of £0.001 for allowed-listed participants, Chungos was essentially a free mint that took place late last month. Since then, the PFP Collection has published its art, facilitating trade volumes of over £1000, and its floor has already risen to £0.2. The Valley to the Peak has seen a nearly 20,000% increase in price since the Mint.
-
life in west america — Published on Braindrops this week, this iconic AI art series by artist Roope Rainisto exploded on the floor as people flocked to collect the trippy pieces.
-
Verified — Fun mints open another week or two that can turn NFTs into on-chain ‘cheque’ style pieces
-
witch hat — Nouns DAO will vote to do a second open edition mint of The Wizard’s Hat movie “The Wizard’s Hat”. noun story Team; Learn more about dropping previous editions of Nouns DAO here
1. chain left Ordinals Bitcoin NFT pros/cons and misconceptions:
2. panda jackson On how Jack Butcher’s Checks benefited greatly from Blur bypassing OpenSea’s blocklist:
3. clear hat On how Yuga Labs’ Dookey Dash game appears to be heavily botted:
NFTkek is a cool NFT analytics platform that I just came across. Paste the address of the NFT collection you want to analyze and NFTkek will show you important statistics and informative and colorful graphs about that collection. Below is an example thread that delves into the aforementioned Chungos NFT for illustration.
Have you ever seen a new NFT project whose statistics are skyrocketing and want to imitate accordingly? Beware of due diligence procedures. Cyphr points to one such fraudulent project. This involved inflating its own statistics to lure unsuspecting collectors into malicious transactions.
Here, artist and Mathcastles co-creator 113 teases how primitive Bitcoin NFT trading is right now. Needless to say, we still have a long way to go when it comes to UX.
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.
Kraken NFT is built from the ground up to be one of the most secure, easy-to-use, and dynamic marketplaces available. Active and new collectors alike benefit from zero gas fees, multi-chain access, flexibility of fiat or 200+ cryptocurrency payments, and built-in rarity rankings.Click here for details Kraken.com/nft
👉 Visit Kraken.com to learn more and open an account today.
It is not financial or tax advice. This newsletter is strictly educational and is not investment advice and is not a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Please consult an 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.
0 Comments