📈 NFT majors pump — CryptoPunks are trading near a $100k floor price for the first time since June, Bitcoin Puppets retook their spot as the largest Bitcoin collection by market cap, and Bored Apes and Pudgy Penguins are up over 40% in USD terms on the week.
🪪 ENS unveils Namechain — ENS Labs, the stewards of the Ethereum Name Service, just announced Namechain, an upcoming purpose-built L2 that will serve as the foundation of the ENSv2 protocol upgrade.
🍟 Doodles x McDonald’s — The fast food giant published a teaser vid on Twitter introducing a partnership with the Doodles NFT collection, suggesting some sort of coffee-centric drop is coming next week.
📱 The new Lens — The onchain social network unveiled its V3 system, which is built on a new bespoke L2 via ZKsync’s infra stack that is custom-tailored for social features.
🎴 Parallel goes mobile — The popular NFT trading card battler announced that it had kicked off testing for its upcoming mobile client, with plans to invite more early testers over the next few weeks.
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ANALYSIS
Biomes Is Readying for Autonomous Worlds Domination
Redstone, an Ethereum Layer 2 centered around autonomous worlds and onchain games, has experienced a recent activity surge, much of which can be explained by the rise of Biomes.
An autonomous world project, Biomes is a fully onchain virtual environment, and its alpha release kicked off in October 2024. The vision? Become the virtual world with the largest GDP, i.e. economic activity.
Built atop the MUD onchain app framework, Biomes is still early in its development, but it aims to achieve its ambitious economic goals through a trio of fundamental pillars: Digital Matter, Smart Items, and Infinite Expansion.
For today's post, let's dig into the basics of this vision to offer a wide open onchain alternative to Minecraft! 👇
Mantle kickstarts Season 1 of Methamorphosis. Building on the success of their Liquid Staking Token, mETH, Mantle LSP announces plans for a new Liquid Restaking Token, cmETH, along with a governance token, COOK. With Methamorphosis, participants can now farm Powder for future COOK tokens and position themselves early for upcoming cmETH release.
Family is a wallet I've been watching since this summer when I came across their rather excellent design philosophy write-up.
It was a slick and compelling vision. So that's why this week I was excited to see Avara, the minds behind Aave, Lens, and Family, officially launch the wallet as a free iOS app.
A non-custodial Ethereum wallet, Family lets you onboard by just providing an email or phone number. Yet it's not only for beginners. The in-app browser and optimized collectibles support would feel nifty to any ETH veterans, too, in my opinion.
There are endless wallets to choose from these days, to be sure, but I think Family meets the bar for “worth a try.” If you're feeling adventurous, check it out!
Not financial or tax advice. Bankless content 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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