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Metaversal Issue

Ethereum's Protocol Art

gm Bankless Nation, a new art exhibition run entirely atop Ethereum is offering us a glimpse into the rise of protocol art!
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Nov 14, 20243 min read
Ethereum's Protocol Art
Published on Nov. 14, 2024
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Sponsor: Mantle — Mass adoption of decentralized & token-governed technologies.

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CULTURE NEWS
McDonald's x Doodles
  1. 🍟 McDonald’s unveils collab info — McDonald’s revealed the details of its Doodles holiday “GM Spread Joy” campaign via themed McCafé cups. Next week, U.S. customers can unlock digital collectibles, merch, and other Doodles perks through the promotion.
  2. 🤖 Wayfinder taps Solana — The team behind the upcoming omnichain AI agents protocol Wayfinder (which will support Parallel Colony gameplay) announced they’ve integrated Solana on their closed alpha platform.
  3. 🏴‍☠️ Revamped $PIRATE staking — The popular onchain game Pirate Nation announced plans for its $PIRATE Staking 2.0 system, which will also go live next week with a series of UX changes and optimizations.
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ANALYSIS
The Protocol Art Exhibition Entirely on Ethereum
Bankless Author: William M. Peaster

The World Computer Sculpture Garden exhibition is an art show held entirely on Ethereum that I suspect later art historians will point back to it as a significant early touchstone in networked creativity.

Curated by 0xfff and opened on Nov. 12th, the exhibition highlights Ethereum’s potential as a cultural environment where art can live autonomously.

Yet the show also uses the network to deliver itself as a dynamic artwork that will evolve over time indefinitely. 

In other words? This show is an artistic smart contract and a showcase of artistic smart contracts, all fully onchain. 

For today's post, let's catch you up on the pieces included in this exhibition and why I think this effort is special! 👇


FRIEND & SPONSOR: MANTLE

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.

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TOOL TIP
Punks.wtf

CryptoPunks are Ethereum’s OG collectibles, and the secondary market around ‘Punks functions as a sort of proxy for the wider NFT ecosystem. 

If ‘Punks trading is slow, it’s typically a quieter time along the NFT front. If ‘Punks trading is fast and furious, it’s a sign interest is heating up around the top NFT collections in general. 

For instance, there were 38 ‘Punk sales yesterday, the second-highest amount of daily trades we’ve seen in 2024. That’s bullish!

So as things seem to be revving up, it’s worth tracking ‘Punks sales activity so you can gauge the pulse of the NFT market at any given time in the months ahead. And for that, an excellent platform to check out is punks.wtf

The site offers a sales dashboard, a Punkometer sentiment tracker, a trending attributes tool, and beyond. If you’re looking to keep your eyes peeled here, then this is definitely a great free resource you’ll want for your analytical toolbox. 

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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