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Article

Lo, the Ascension of NFTs

Sotheby's spotlights CryptoPunk 7523, Axie Infinity's stats are 📈, & more!
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May 28, 2021 • 2 min read

Dear Bankless Nation,

Christie’s and Sotheby’s are now racing each other when it comes to getting footholds around NFTs, and then you have other big brands like GameStop who are starting to wet their feet with NFT projects.

In other words, the mainstream’s taken notice. But even within crypto, NFTs are currently getting great traction.

For example consider Uniswap V3, the first NFT-centric decentralized exchange DeFi, which became Ethereum’s top DEX by the numbers as of this week. If this is what the future looks like, then it’s a future where NFTs are increasingly ubiquitous.

So kick back, catch up on the latest NFT headlines, and enjoy your weekend — you’re in the right place at the right time.

-WMP

🏆 Digital Collectibles

🎨 Cryptoart

  • Async Art’s new musical division Async Music hosted its second round of creator releases, featuring programmable hits from Mike Shinoda, rare scrilla, and more 🎶
  • Artist Josie Bellini is auctioning off an NFT of her first cryptoart-themed work, Genesis, at Christie’s.
  • Artist Shvembldr released The Blocks of Art, an Art Blocks curated drop, today ...

🕹️ Blockchain Games

  • A new report on Axie Infinity by blockchain data firm Nansen found the game has nearly 60k daily active users (DAUs) right now! The game is also currently generating $500k worth of fees every week. Don’t miss Axie infinity’s May Dev Update, either.
  • Aavegotchi announced the Aavegotchi Ambassador V2 program.
  • Sorare just launched its first-ever Champion Edition cards ⚽
  • Omnichannel video game retailer GameStop unveiled plans for an NFT project, slated to drop this summer.
  • Immutable X is majorly efficient when it comes to minting NFTs. Just check out these Gods Unchained numbers ...

🌐 Virtual Worlds

  • Cryptovoxels has a new update coming out next week that the team says is all about “opening up CV to the next thousand builders, and making it way faster to build.”
  • The metaverse will increasingly become a place where you can play and work ...

🛒 NFT Platforms

  • NFT media protocol Mirror unveiled editions, so now creators using the project can release multiple NFTs as part of a single series.
  • Meet Juried Protocol Galleries: a registry-based protocol focused on NFT curation.
  • NFT appraisal platform Upshot is integrating support for Polygon.
  • NFT social network Showtime launched a dark mode functionality.

💎 DeFi x NFTs

  • Uniswap V3, whose liquidity provider (LP) positions are represented by NFTs, is now the #1 decentralized exchange when it comes to trade volume.
  • One-stop NFT media project Universe Protocol is preparing for the launch of its yield farming program next week. Stake, earn $XYZ, and govern the Universe 🌌
  • BlackPool has arrived, an “actively managed, tokenized NFT Fund.”
  • Here’s something new, Aave Staking Auctions: Stake AAVE, and the highest stake bid wins the NFT in question.

Action steps

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.

Published in Bankless

There’s a revolution in the world of money. Ethereum, Bitcoin, crypto, open finance, DeFi—a bankless revolution. And you want part of it.

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