What NFTs teach us
Manifold 🤝 Shopify, The Idols NFTs near, pplpleasr unveils Web3 video platform, & more!
Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
NFTs are a new medium, a new type of asset.
Yet humans are, well, all too human. The best of us bring the greatness of our dreams to NFTs, while the worst scam and prey on the naive, etc.
The NFT ecosystem may be a new field then, but the players are the same as in any. Expect the beautiful, the dramatic, and the tragic — they all come together here, because people bring them wherever they go.
Anyways, thanks for reading everyone. Have a great weekend, be well, and stay creative as always!
🛒 NFT News & Platforms
LooksRare rolled out support for rarity rankings.
Manifold partnered with Shopify on the creation of the Manifold Merch Bridge, a system for redeeming merch via NFTs.
pplpleasr unveiled Shibuya, a Web3 video platform.
Treasure, a popular NFT marketplace on Arbitrum, was attacked via an exploit that let a blackhat scoop up dozens of listed NFTs for free. Fortunately, most of the NFTs have since been recovered.
The SEC is taking a closer look at the NFT ecosystem for potential securities violations.
🏆 Digital Collectibles
CryptoPunk #5364 was donated to the Ukraine Crypto Donation address.
KPMG Canada acquired an NFT from the World of Women collection:
Alotta Money, a cryptoartist pioneer, passed away this week. He was an incredible soul who brought joy to everyone he crossed paths with. He will be sorely missed by many 💔
XCOPY released ‘SPECIAL OPERATION’ on SuperRare:
🎮 NFT Games
Axie Infinity published a sneak peek of Origin’s back cards.
Pixelmon was billed by its creators as the next big NFT game. Instead, the collection’s debacle launch just became the latest case study regarding how not to release an NFT project.
Async Music showcased PHONONS, a piece composed by KOR3 that is the final curation in Async Music’s Class Collection.
Jonathan Mann gave Pixelmon’s already infamous “Kevin” NFT a fitting theme song:
🌐 Virtual Worlds
Arca NFT Fund acquired two Axie Infinity Genesis Land plots:
Cryptovoxels is tracking tribute events in honor of Alotta Money in the coming days:
BrookHawk @Brook_HawkThere is an @money_alotta tribute being developed on some parcels in @cryptovoxels. Any CV builders that want to join, hmu & i will add you. No plan, just whatever evolves. If anyone has an Art piece you want to see up, drop it in the comments and I will put it up 🙌 See link https://t.co/6e9LSNNxV0
💎 DeFi x NFTs
Abacus, an NFT valuation project, published its ABC tokenomics details.
The Scalara NFT Index is now live:
MetaPortal just unveiled the $GAME NFT gaming index.
The Idols, a collection whose NFTs are backed by Lido staked ETH, is going live tomorrow:
📺 Watch Carly Reilly and Justin Kan talk gaming NFTs on Overpriced JPEGs
💸 Read 5 ways to get fixed-rate yields in DeFi by Bankless
William M. Peaster is a professional writer and creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond!
🙏Thanks to our sponsor
Polygon Studios is on a mission to help build digital culture, play-to-earn gaming, NFTs, and the Metaverse ecosystem on Polygon. Some of the key projects supported by Polygon Studios include The Sandbox, Skyweaver, Big Time, Crypto Unicorns, and Decentraland—among others. Polygon Studios also helps fundraising & onboarding. Check it out here.
Stay updated on the latest amazing gaming, NFT, and metaverse projects:
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.