Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & digital collectibles
Dear Bankless Nation,
The vast majority of NFT activity takes place on Ethereum.
And with the Merge dropping Ethereum’s energy use by over 99% this week, now NFTs have gone green accordingly!
Because of inertia, it’s still going to take some time to fend off the “NFTs are horrible for the environment” crowd. But there’s no doubt going forward that the public image of NFTs will improve because of this major evolution, and that’s worth celebrating.
In the meantime, have a great weekend everyone and thanks for reading ✌️
-WMP
🙏 Sponsor: Sequence—developer platform + smart wallet to build user-friendly web3 apps✨
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Capsules, an on-chain typeface project, launched.
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OpenSea is adding support for more blockchains and collaborated with industry partners to introduce OpenRarity, an open rarity standard for NFTs.
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Starbucks tapped Polygon for its NFT rewards program.
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swapkiwi, an NFT swapping platform, rolled out its redesign.
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Doodles raised $54 million via equity funding. 5$
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POAP has now facilitated over 5.6 million NFT mints.
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Tessera introduced Nounlets, which are NFTs representing 1% ownership of a vaulted Noun.
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Yuga Labs has filed a trademark for “MetaRPG.”
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The Museum of Modern Art is exploring the purchase of its first NFTs.
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Tyler Hobbs is launching QQL, a generative collaboration project, next week.
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A Rare Pepe Nakamoto Card resold for 90 ETH.
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Arpeggi rolled out Clips, which lets creators upload their own audio files to the platform.
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Jonathan Mann released The Merge Album.
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FloorDAO is introducing a gauge voting mechanism.
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Index Coop launched flash minting for its JPG NFT index token:
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.
