Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, and more!

Dear Bankless Nation,

After I wrote about ERC-6551 earlier this week, I chatted with lots of colleagues and peers who were just as excited as I was for the possibilities ahead.

And I guarantee you tons of similar convos took place around the ecosystem this week. We’ve swung from “What can you do with your NFT?” to “What can’t you do with your NFT?”

There are endless potential applications here, all of which are going to help bring more interesting experiences to the NFT space. Soon we’ll all be asking each other, “What’s in your NFT?”

For now though have a great weekend, and thanks for reading everyone — let’s dive into the roundup.

-WMP

🦊 Thanks to MetaMask Portfolio 🦊

👉 Now you can stake your ETH via MetaMask ✨

📊 The big picture

The market capitalization of the NFT space rose to 8.08 million ETH ($14.68B USD) this week, marking an impressive 5.21% increase from last week’s 7.68 million ETH ($13.64B USD). NFTs aren’t dead after all, who would’ve thought!

🔝 7D top collections by volume

📰 General news

• Bankless Collectibles is moving from Phase I to Phase II.

• Farcaster now supports likes and replies directly on NFTs. 

• Nouns DAO approved the creation of Nounish Friends mini-figurines.

🏆 Digital collectibles

• Deadfellaz just unveiled Streamingfellaz, an extension that lets users stream video in the form of their fav Deadfellaz avatar. 

• Opepen III from series 001 sold for 11.2 WETH, a new all-time high for the collection. 

• Pudgy Penguins IRL toys are now available.

• Yuga Labs revealed the art for its HV-MTL collection.

🎨 Cryptoart & music

• SHL0MS released the Basilisk Registry, a Zora open edition that allows minters to “register” as an AI supporter or AI adversary.

• Sound opened up is price and drop formats.

🎮 Decentralized gaming

• Apple’s App Store is now allowing a lite version of Axie Infinity starting in Asia and Latin America. 

• Army of Tactics, which is being developed by founders of the popular Clash of Clans mobile game, is a new web3 game coming soon. 

• Illuvium launched the private beta of its Overworld game.

• Mavis Market, the first generalized NFT marketplace on Ronin, is now live.

• Yuga Labs introduced a Legends of the Mara blog series. 

🌐 Virtual worlds

• TOPIA published its newly updated docs. 

🪙 NFTfi

• Blur added support for borrowing against Bored Apes and “Buy Now Pay Later” support for Mutant Apes on Blend. 

• NFTfi.com Season 1 rewards are now live.

🎆 Mint spotlight: “Mint Machine” by numo.eth

mint.fun’s inaugural !fun Friday drop has arrived. Still catching up? “!fun Fridays” are weekly reward events for mint.fun !fundrop pass holders (you can still mint any time if you haven’t yet). Every Friday, members can claim rewards based on factors like mint streaks, leaderboard position, and beyond. Among the weekly rewards is a “!fun NFT,” i.e. a limited-edition cryptoart collectible created by artists in the NFT community. The first drop comes via numo.eth, a renowned creator in the space’s CC0 and pixel art circles. Learn more about the drop in this announcement thread. 

🙇 New insightful threads to level up your web3 knowledge!

1. Ethlizards on redeploying an NFT collection.

2. Linea on “NFT Week” of the L2’s ongoing Voyage campaign. 

3. MANI on Ubisoft’s Assassin Creed NFTs. 

4. Patrick Rivera on Nike’s new NFT collection.

5. Scott Sunarto on World Engine, a rollup-based solution for onchain games. 

✨ My NFT tool of the week: The Game Wallet

Developed by the Keyp team, The Game Wallet is an upcoming game cartridge that can transform any Nintendo Game Boy into a crypto hardware wallet. Talk about storing your NFTs in style, right? The tool, which will be open-source and never require firmware updates, will use gamification to generate users’ BIP-32 seed phrases through random quests and interactions. The official release date is yet to be announced, but preorders are expected to open soon. You can sign up for the preorder waitlist here in the meantime! 

Alchemygreg got a 20% gain using Bankless trading strategies last week 🚀

How? Being a Bankless Citizen ⚑

Become a Citizen

😜 Plugins just came out for all ChatGPT Plus users…

Action steps

• 🆕 Read ETH’s Top 5 Gas Guzzlers, Why Is Everyone Mad at Ledger?, and Your DeFi Starter Kit in Bankless

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

  • ✧ ERC-6551: The NFT Game-Changer

  • ✧ Papr: NFT Loans Simplified

Author Bio

William M. Peaster is the creator of Metaversal — a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also a senior writer for the main Bankless newsletter and a contributor to NFT curation platform JPG!

A Bankless Citizen ⚑ turned $264 into $6,077 last year. A 22x ROI 🚀 in a bear market!

Level up

🙏 Together with 🦊 MetaMask Portfolio 🦊

You can now stake your ETH through MetaMask with liquid staking providers, Lido and Rocket Pool. Head over to MetaMask Portfolio to get started! You can also view your assets in one place and discover other features such as Buy, Swap, and Bridge.

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.