Metaversal is a Bankless newsletter for weekly level-ups on NFTs and the onchain frontier

Dear Bankless Nation,

The crossroads of AI x NFTs is an area I’m really excited about, so it’s cool to see that Zora just launched AI support in the Zora Canvas NFT builder.

Underpinned by text-to-image Stability Diffusion tech, this new functionality lets creators make visual layers via prompts that can be remixed in the Canvas interface. 

There’s even an in-built splits system here, so that a model’s host and the model itself receive 10% cuts each of any accrued ETH from mints. Only the base Stability Diffusion model is available for now, but more models are coming. 

It’s a super neat implementation, and it’s perfect for the Zora ecosystem, so I’m looking forward to all the creativity and innovations that will be coming out of this mashup. 

In the meantime, let’s get you up to speed on the past week’s NFT news highlights 👇

-WMP

🟢 Thanks to SynFutures 🟢

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This week in NFTs…

📰 General news

• Kevin Owocki released his new book “Exploring Mycofi” on Zora.

• Phantom intro’d support for Ledger x Bitcoin.

• Zerion added support for Zora Network.

🎨 Cryptoart & music

• Art Blocks paused project releases to refine its self-publishing studio and the Art Blocks Curated selection process.

• Aux Arbres, released by zancan on Highlight, became the largest gen art collection in history.

• Fidenza #49 and Fidenza #667 resold for 496 ETH and 290 ETH respectively.

• Jack Butcher announced Opepen v2 is coming March 20th.

• Nouns DAO is voting on funding Efficax 2.0, an onchain art deployer.

• Sotheby’s auctioned XCOPY’s “data_lords” for +$330k.

• Privy added support for onboarding via Spotify.

🏆 Digital collectibles

• Bitcoin Pizza Ninja #1 was auctioned for 2.23 BTC at Sotheby’s.

• Bored Ape #830 resold for 500 ETH on sudoswap via Machi’s AIP-304 proposal.

• CryptoKitties #95 resold for 33.68 ETH.

• CryptoPunk #3100 was purchased for 4,500 ETH, the 2nd-biggest onchain ‘Punk sale to date.

📱 Onchain social

• Ethereum Follow Protocol pushed back its Q1 2024 launch plans.

• Grid, a drawing experiment built atop Warpcast, launched.

• Hyperloot released a Dungeon War minigame on Farcaster.

• Lens has amassed more than $500k in revenue since going permissionless.

• Warpcast intro’d transaction frames.

🎮 Decentralized gaming

• Axie Infinity rolled out new app.axie features.

• Base dropped a referral code for two free Parallel card packs.

• CyberKongz kicked off their Ronin migration.

• Immutable unveiled the Immutable Minting API.

• Nouns Esports signed Cody Schwab, the world’s #1 Super Smash Bros Melee player.

• Parallel reduced the cost of creating Echos.

🪙 NFTfi

• Astaria facilitated the 1st NFT loan on Base.

• Blast saw its TVL reach $2.4B.

• Enjoy kicked off its Airdrop 1 claim on Zora Network.

• NFTfi.com facilitated +$12 million in loans last month.

• X2Y2 intro’d Buy Now Pay Later support.

🌐 Virtual worlds

• Decentraland added multichain support to its wearables marketplace.

• Nifty League is hosting a tournament series in Nifty Island over the next month.

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Thanks for reading this week’s roundup! For more catching up:

• 📚 Collect this post on Mirror

• 🆕 See my other latest write-ups: 

  • 💧 The EIP-4844 NFT Revolution

  • 🙊 The NodeMonkes Bitcoin Takeover

  • 🟠 8 Bitcoin L2s You Should Be Watching

Author Bio

William M. Peaster is the creator of Metaversal—a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He also serves as a senior writer for the main Bankless newsletter.

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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.