Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Ethereum is on pace to undergo “The Merge” in September 2022.
This will be Ethereum’s biggest upgrade to date and will shift the leading smart contract network to proof-of-stake (PoS) consensus.
Over time, this evolution will be a gamechanger for Ethereum in multiple ways, especially with regard to efficiency and security. But the advance will also cleave our perceptions of Ethereum into two eras: pre-Merge and post-Merge.
You know what that means — the “Historical NFT” category is about to get a new sub-category, i.e. pre-Merge. And while it may take years for this distinction to really set in, right now you have a chance to collect such NFTs before everyone else wakes up to the history of digital collectibles.
Maybe in 10 years and beyond these pre-Merge NFTs will be celebrated as having come from a legendary time. In the very least, I think we’ll see this thesis more and more in the coming years. For now, though, plan how you see fit and have a great weekend — thanks kindly for reading ✌️
-WMP
🙏 Sponsor: Sequence—developer platform + smart wallet to build user-friendly web3 apps✨
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Mirror, a web3 publishing dapp, unveiled a subscriptions functionality.
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Optimism launched a Get Started onboarding quest that rewards everyone who finishes with an NFT.
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Rainbow rolled out support for L2 NFTs:
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Fingerprints, a blockchain art collector group, became the largest holder of Mutant Garden Seeders by artist Harm van den Dorpel:
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Arpeggi unveiled its first Sound Puzzle campaign.
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Audius, a decentralized music streaming platform, published a post-mortem in the wake of a recent governance attack.
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📺 Watch interviews with Roundtable anchor Rob Nelson and Devotion co-founder Andrew Wang on Overpriced JPEGs
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📺 Watch interviews with Metalabel co-founder Yancey Strickler and Toucan Protocol founder Raphaël Haupt on Green Pill
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🧐 Catch up on my other write-ups from this week:
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.
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