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Metaversal Issue

ETH NFTs Bounce

gm Bankless Nation, ETH NFTs are on a tear, is the bottom in?
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Apr 26, 20243 min read
ETH NFTs Bounce
Published on Apr 26, 2024
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Sponsor: Celo — Celo is returning to Ethereum with OP Stack and celebrating four years of mainnet!

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NFT ROUNDUP
ETH NFTs Rebound

Is it time to silence the ETH NFTs are dead narrative? This week, leading collections saw notable increases in their floor prices: Bored Apes surged by 40%, Moonbirds by 32%, Azuki by 15%, etc. While there's no single catalyst driving this rebound, the extremely low sentiment recently makes this rally seem long overdue. If the momentum continues, it'll suggest the market has bottomed out, paving the way for the next major run up in ETH NFTs.

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FRIEND & SPONSOR: CELO

After Celo’s community unanimously voted to migrate the mobile-first, EVM-compatible L1 to an Ethereum L2 (#CEL2), core contributors cLabs spent months evaluating and testing leading tech stacks. On Celo mainnet’s 4-year anniversary, cLabs is excited to announce its proposal to leverage Optimism’s OP Stack.

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LET'S PLAY
Immutable Main Quest

Immutable is a rising giant in the crypto gaming scene, and it's set aside $50M of its $IMX tokens for its new Main Quest gaming rewards program.

The idea? Incentivize players to explore the first wave of games to launch on the Immutable zkEVM, from already live titles like Guild of Guardians to upcoming launches like Treeverse.

While the Main Quest campaign has just begun to rev up, the full send is near, so the best way to prepare for the imminent festivities is to sign up for an Immutable Passport, which serves as a streamlined wallet and gamer profile system.

Then, just transfer some starter funds in, claim Gems points daily, and use the "Rewards" tab in your Passport profile to participate in specific game quests as they come in. New Immutable games may also drop tokens of their own later, so there's potentially many play-to-earn opportunities here!

Also, feel free to track your progress in Airdrop Hunter 😉

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LEARN
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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.

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