Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Minecraft’s new NFT ban misses the forest for the trees. It’s like saying “we won’t do web stuff” during the early blossoming of the internet.
The next waves of great fun things will be built on and around NFTs. Believe that!
Why? Because the “open garden” cultural surge that NFTs foster and the ability to use these digital objects in unprecedented ways will lead to brave new territories of funness over the decades ahead.
More simply put, NFTs will play a major role in redefining what fun looks like in the 21st century. The NFT ecosystem has already started decisively on this path, and this reality won’t be ignorable by the powerful forever.
Going forward, the possibilities around tokenized digital things are endless, and here the game is just starting, so to speak. So don’t worry about Minecraft, they’ll come around one day. In the meantime, thanks kindly for reading and have a great weekend everyone ✌️
-WMP
🙏 Sponsor: Sequence—developer platform + smart wallet to build user-friendly web3 apps✨
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amazon.eth received a 1M USDC bid.
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Franklin Caldwell, a Bored Ape whale, accidentally bought his own joke ENS domain for 100 ETH.
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MetaMask is working on a new confirmation window that will help mitigate SetApprovalForAll NFT scams:
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OpenSea introduced a Solana launchpad.
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PREMINT had its website temporarily commandeered by a hacker, who then stole ~$375k USD worth of NFTs.
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PREMINT also acquired NFT authorization service Vulcan.
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The U.S. Office of Ethics issued new NFT rules for executive branch employees.
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Yuga Labs warned of a “persistent threat group” that may be on the verge of launching a coordinated attack against multiple NFT communities.
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The VerticalCrypto Art Residency Program celebrated its 1st birthday.
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Pxls, a cryptoart project on StarkNet, is launching.
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Sound has paid its artists over $3M worth of revenues to date.
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Spores launched an Acoustify functionality.
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📺 Watch interviews with Art Blocks founder SnowFro and Tattoo Skullz Society artist Juan Salgado on Overpriced JPEGs
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📺 Watch interviews with Ethereum builder wiz Austin Griffith and The Network State author Balaji Srinivasan 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.
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.
