Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles
Dear Bankless Nation,
Your NFT edge is doing your homework.
What I mean is that earlier this week traditional news outlets reported the NFT market was collapsing thanks to very incomplete data from a single NFT analytics service.
Turns out if you check the chain, it’s clear the NFT market is teeming lately and even setting new activity records here and there.
So no, the NFT collapse isn’t upon us. But the inertia from the initial reporting is still spreading out through meatspace and many people won’t see the story has already been debunked.
That’s your edge, then. While many people in the mainstream are still writing off NFTs because they don’t understand them or know how to, you’ve a head start because you do understand the basics. You’ve searched Dune Analytics before. You know how to dig in, as it were.
There are many arbitrages and opportunities to be made in that gap between us and the mainstream. The gap is closing by the day as NFTs continue to take over the world, so keep doing your homework here and making the most of it while you can. In the meantime, have a great weekend ✌️
-WMP
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Fingerprints, a blockchain art collector group, just celebrated its 1st birthday and interviewed OG blockchain artist and NFTer Rhea Myers.
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Sofia Crespo released Chimerical Stories on BrainDrops:
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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, 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.
