Twitter Turns to NFTs

Twitter releases NFTs, Axie Infinity dominates, OpenSea breaks records, & more!

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles

Subscribe now


Dear Bankless Nation,

At first, people thought we were crazy for using NFTs.

There will probably come a time, though, where people will think you’re crazy if you don’t use them.

We’re not there yet to be sure. But seeing Twitter dive into NFTs this week offers us a glimpse of that future in which these tokens are everywhere.

For now, keep building and have a great weekend!

-WMP


🙏 Sponsor: Upshot—get paid to appraise NFTs. Start now!


🏆 Digital Collectibles

  • Twitter started auctioning off Twitter-themed collectibles via NFT marketplace Rarible this week 🐤

  • NFT platform Universe released Polymorphs, an NFT collectibles project whose characters can have their traits scrambled for ETH.

  • How are floor prices looking for top NFT collectibles? Zeneca_33 has you covered with another daily update!

🎨 Cryptoart

  • Chromie Squiggles, the first curated art drop on generative art dapp Art Blocks, has been experiencing unprecedented levels of volume lately!

  • Cryptoart marketplace SuperRare just released POAP badges for its artists and collectors. The badges will come with various perks.

🕹️ NFT Games

🌐 Virtual Worlds

  • Cryptovoxels is holding Dutch-style auctions for parcels in the Vibes and Satoshi districts. 

🛒 NFT News & Platforms

  • OpenSea had a record-breaking month in June 2021, in which the leading NFT marketplace facilitated over $150 million worth of sales!

  • Owen Shen, the creator of 0xmons, just published a wrapper of the Chainlink VRF solution. The new tool makes it easier to randomly distribute NFTs. 

  • Owen also published a Twitter thread this week on zkNFT, an NFT marketplace that’s coming to the zkSync Ethereum scaling solution. 

  • Want to make complex NFT swaps with a single signature? That’s now around the corner courtesy of EIP3074.

💎 DeFi x NFTs

  • NFTX soft launched its v2 system and shortly thereafter resolved a bug in the PUNK vault. 

  • Speaking of NFTX v2, the way the project interacts with CryptoPunks is going to lead to more than a few 0 ETH Punk “sales” going forward. Not to fret, this is routine NFTX activities!

  • Yam Finance published a great write-up on uPUNKs, a derivative for longing or shorting the price of CryptoPunks.


Action steps


Subscribe to Bankless. $22 per mo. Includes archive accessInner Circle & Badge.

Subscribe now


🙏Thanks to our sponsor

UPSHOT

Get paid to appraise NFTs with Upshot!

Upshot is a protocol that pays NFT experts and collectors for honest insights - unlocking opportunities for a new generation of appraisers to capture value from their expertise and enabling a wave of powerful new DeFi primitives.

👉 Visit Upshot.io and start appraising NFTs today!


Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.


Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.