Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & collectibles

Dear Bankless Nation,

To say the least, 2022 has been a wild year for the cryptoeconomy. 

And while we might be in the throes of a crypto and NFT bear market in various regards, in other ways NFT activity is picking up like never before at this year’s end. 

For example: 

• Blur is gaining market share

• Music NFT mints are on the rise

• Solana NFT trading is bear-resistant

• Tezos NFT volume is at ATH

• Web3 profiles are booming on Lens 

And these happenings are just scratching the surface of NFT advances right now. 

People lately ask, “what’s the difference between this bear and the last?” 

One quick answer? There are hundreds of compelling NFT projects to experience firsthand this time around compared to only a few last time. 

That definitely counts for something as the NFT ecosystem is now expanding in all directions faster than ever before, bear or bull.  

Whatever happens next, let’s focus on recent NFT news and catch you up on all the latest headlines for this weekly recap. Thanks for reading everyone ✌️

-WMP

🙏 Sponsor: Uniswap Labs — Better Prices, More Listings: NFTs on Uniswap✨

📣 General NFT News

• Apple is blocking NFT sends in Coinbase Wallet.

• Bankless acquired Earnifi, a service that helps you discover your wallet’s unclaimed airdrops and NFTs. 

  • Bankless also released its 2nd podcast NFT, The Crypto Renaissance ft. Dr. Josh Rosenthal:

Bankmanless @BanklessHQ

Internet + Blockchain = The Crypto Renaissance A theory from a classic episode with @JoshuaRosenthal It’s one of our favorite episodes ever recorded. ✨Now you can collect it✨ 10% goes to @banklessDAO Dec. 2nd at 12pm EST 🔽 collectibles.bankless.com

11:32 PM ∙ Dec 1, 2022

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• Madhappy, a clothing brand, unveiled a Nouns apparel collection.

• Nifty’s announced support for Stripe’s new fiat-to-crypto onramp.

🏆 Digital Collectibles

• Finiliar is launching oracle connectivity and dynamic animations next week. 

• OpenSea added support for BNB Chain.

• PROOF Collective unveiled Pudding, a bespoke and curated marketplace for the PROOF ecosystem. 

• Pudgy Penguins attempted to auction 10 rare penguins via Sotheby’s. 

• RTFKT Egg claims are now live.

• Rug Radio is preparing a PFP project with Cory Van Lew.

• Tim Ferris is launching the COCKPUNCH collection next week.

• Zombie Wallet, aka cx000.eth, becomes more legendary with each passing day:

0xMunger.eth @0xMunger

One of the least known but most legendary wallets on Ethereum: The Zombie Wallet, aka, cx000.eth. They claimed 29 punks, including *18 Zombies*. They’ve diamond handed all but 1 Zombie and hold 19% of the Zombie supply. That’s over $17m in Zombies 🤯 with a cost basis of $0.

3:41 PM ∙ Dec 2, 2022

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🎨 Cryptoart

• 0xDEAFBEEF’s  Series 2: Transmission – Token 137 resold for 175 WETH:

treck @treckex

Yesterday, DEAFBEED (@_deafbeef) #137 sold for $205k or 175 wETH. This is not even the biggest sale this year for this on-chain gen audiovisual art collection. Another sold for 225eth 7 mo ago. More than a year ago @KeyboardMonkey3 sold his full set for 2,275 ETH or $2.66M.

8:44 PM ∙ Nov 28, 2022

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• Fidenza #607 by Tyler Hobbs resold for 500 ETH.

• Manifold has released a new version of the Manifold Creator Contract.

• Archipelago, a generative art marketplace on Ethereum, is shuttering on Dec. 10th, 2022. 

🎮 Decentralized Gaming

• Coinbase is planning to list Aavegotchi’s GHST token and Treasure’s MAGIC token.

💽 Music NFTs

• nico.eth introduced an excellent new Dune Dashboard for Sound analytics.

• Sound saw ~12,000 music NFT mints in Nov. 2022.

• Warner Chappell, a major music label, partnered with web3 entertainment incubator Defient. 

🌐 Virtual Worlds

• Decentral Games celebrated its 2nd anniversary in Decentraland. 

• Voxels launched a new token-gated parcels flow. 

  • Voxels is also releasing procedurally generated Chronos Island parcels.

💎 DeFi x NFTs

• Tessera unveiled new collective NFT ownership mechanisms like Vaults and Raes, Last Price Dutch Auctions, and Optimistic Buyouts. 

• Uniswap launched its NFT marketplace aggregator service!

Uniswap Labs 🦄 @Uniswap

1/ NFTs are officially live on Uniswap!! 🎨🦄 Starting today, you can trade NFTs across major marketplaces to find more listings and better prices. We’re also airdropping ~$5M USDC to historical Genie users & offering gas rebates to the first 22,000 buyers.

2:00 PM ∙ Nov 30, 2022

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Action steps

• 🆕 Read the Bankless Token Ratings | Dec. 2022 report, 5 Onchain Signals That We’ve Bottomed, and Is Solana Dead? in Bankless (newsletter)

• 🗣️ Watch Sen. Pat Toomey talk crypto and the SEC on Bankless (YouTube)

• 🌱 Watch Proof of Person with Idena Network on Green Pill 

• 🙇 Catch up on my write-ups from this week: 

  • ✧ 5 NFT Gift Ideas for .01 ETH

  • ✧ A Beginner’s Guide to StarkNet

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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🙏Thanks to our sponsor

UNISWAP LABS

Trade NFTs across major marketplaces to find more listings at better prices. NFTs on Uniswap are open-source, trustless, and self-custodial. To celebrate NFTs on Uniswap, we are airdropping $5 million to certain historical Genie users. Start trading NFTs today on Uniswap.

👉 Get Started Now!

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.