Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
It seems anti-NFT critics’ jeering is reaching a fever pitch lately. For the most passionate among them, NFTs are totally irredeemably evil and can never do any good.
Such absolute irredeemability is hardly true for anything, and it’s demonstrably not true for NFTs. Just this week alone, artist Dmitri Cherniak raised enough money to cover 16 million meals for the needy with a single cryptoart drop.
This is one example, yet the possibilities for doing good with and around NFTs extend out endlessly in every direction, both individually and collectively speaking. So when hardliners argue NFTs are irredeemable, they’re doing themselves and everyone else a disservice.
I can wax poetic on the current shortcomings of Web3 with the best of ‘em. Yet I’m also astonished by the positives of Web3 and work to advance these. That the anti-NFTers can’t do both shows they’re not seriously paying attention. For real, though.
-WMP
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Dmitri Cherniak published Dead Ringers: Edition, the proceeds of which he directed to the Food Bank for New York City.
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Axie Infinity unveiled economic balancing adjustments for the game’s upcoming Season 20.
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Chainfaces Arena completed its first battle event; the winner was the Bears Deluxe NFT project, whose successful fighter won 58 ETH!
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Author Bio
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, DeFi Pulse, 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.
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