Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
I’m revamping my weekly Friday news recaps.
No worries — you’ll still be able to track the biggest NFT happenings in this column per usual.
What’s changed is that these reorganized, new-look recaps will now go beyond just covering the news and will provide a range of notable info like alpha reads, mint opps, stats, tools, tips, and more.
I’m excited to start going wider and deeper with these roundups, so dive in below to see the first run of this new format and feel free to give me feedback on it in the comments section at the bottom of this post!
As always thanks for reading everyone, and have a great weekend ✌️
-WMP
👉 Across.to is the bridge you deserve!
The cumulative market cap of the NFT space is currently around 8.6 million ETH, or ~$13.4B USD. Unique NFT users and NFT sale counts continue to uptrend as an atmosphere of bullishness seems to be returning to the cryptoeconomy once more.
Yuga Labs just launched its new Dookey Dash game, so it’s no surprise the associated Sewer Pass access NFTs have surged to the top of this week’s volume charts. Amid the buzz, Yuga’s MAYC, BAYC, and BAKC collections round out the top 4 projects in that order. Azuki, riding high on the Hilumia and Bilibili news, is currently the only non-Yuga project in the top 5.
At the moment it’s OpenSea’s and Blur’s world, and we’re all just living in it. The volume stats between the two leading NFT marketplaces continue to be fairly neck and neck ahead of the $BLUR airdrop, which is now slated to go live on Feb. 14th, 2022.
CryptoPunks and BAYC remain the crème de la crème in the PFP world, so we’ve had yet another week where most of the largest NFT transactions therein were for ‘Punks and Apes. Expect more of the same for the foreseeable future as Yuga Labs, which stewards both collections, keeps pushing forward.
Launched on Jan. 3rd, 2023, as a timed open edition by Jack Butcher, the Checks have since exploded in popularity and inspired dozens of derivatives. With a starting mint price of Ξ0.0066 and a current valuation of Ξ0.268 in secondary markets, these NFTs have shown that rapid ~4,000% increases in floor prices aren’t just a remnant of the 2021 bull market but are, indeed, still very possible in the here and now.
0xKepler on NFT gaming investments beyond ERC20s and NFTs:
crisgarner.eth on PROOF Collective’s new Grails Season III mechanics:
Jack Inabinet on the Polygon NFT + biz dev boom:
A suite for Nouns DAO governance participants, Agora streamlines the Nouns voting process. The project recently introduced a delegation auction system, so you can bid on the temporary right to vote with a Noun without having to purchase a Noun outright. If you’re interested in Nounish governance, keep an eye on Agora!
Did you happen to try Fractional and PartyBid when I first wrote about them for Bankless back in 2021? If so, you might be like me and other NFTers who lost track of the fact that we had ETH we could claim from these projects’ vaults. You can use this Dune dashboard created by 0xRob to see if your address has any ETH ready to claim. I personally recovered almost Ξ1 this way!
Accordingly, Alan Carroll offered this meme interpretation of how the art got off the drawing board:
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!
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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.
