Metaversal is Here

Why we're launching an NFT newsletter. January 1st, 2021
Jan 1, 20213 min read

Dear Bankless Nation,

Welcome to 2021.

Why are we creating a weekly subnewsletter focusing on art, collectibles, gaming items, and virtual worlds? Three reasons:

  1. Digital scarcity is bigger than money.
  2. Non-fungible tokens (NFTs) are about to have a massive year.
  3. The community needs a dedicated program to level up on NFTs.

Our goal at Bankless is to help you front-run the opportunity and it’s become clear to me that there’s massive opportunity in the NFT space.

This is Bitcoin in 2015. This is DeFi in 2018. This is a new frontier.

This is why we’re launching Metaversal.

Metaversal is a once or twice weekly newsletter edited by Bankless and curated by our friend William Peaster.

When you subscribe you’ll get:

  • A weekly recap of news and opportunities
  • Occasional posts with tactics and thought pieces

We’ve designed Metaversal to complement the regular Bankless program and help you front-run the NFT opportunity.

How to subscribe to Metaversal for existing Bankless subscribers:

  1. Go to Newsletters

  2. Click the “Subscribe" button next to Metaversal

    Just click Subscribe to start receiving Metaversal in your inbox
  3. Check My Account page to confirm email notifications are on for Metaversal

    You can subscribe or unsubscribe to Metaversal on your Accounts page

You ready?

Ok…let’s get started.


🏆 Digital Collectibles

🎨 Cryptoart

  • Grammy-winning musician and record producer RAC sold Elephant Dreams Part III, a collaboration with artist Reisinger Andres, for 25 ETH on SuperRare …

  • Acclaimed cryptoartists Carlos Marcial and XCOPY just sold their collab piece Infinite CONSUME for 7 ETH to collector Basileus (who notched their 200th piece collected on SuperRare in the process). 

  • NFT farming project Meme Protocol hosted its “Rug Pull” auction last month, which saw 12 NFTs auctioned with only one of them containing 1 BTC inside. The artist byma published a great write-up this week on how the auction was seemingly the victim of a “sophisticated smart contract attack.”

  • Speaking of Meme Protocol, the artist FEWOCiOUS just sold Nobody Knows Me for 52 $MEME (~$23k) through the project. 

🕹️ Blockchain Games

  • Ethereum’s most popular game Axie Infinity published its year-end review post. The project enjoyed explosive growth in 2020, and the horizon is looking bright with the coming launch of the franchise’s Ronin sidechain.
  • AxieTree, a borrowing and lending protocol for Axie monsters, unveiled the details of its Alpha Program.
  • The NFT game with the most 7-day volume this week was fantasy ⚽ game Sorare, which facilitated $395.5k of volume in that span according to NonFungible.

🌐 Virtual Worlds

  • Messari’s Mason Nystrom published a great tweet thread on the Metaverse. Therein, the research analyst noted virtual world projects currently “account for over a third of all NFT sales activity.”

  • Never one to slow down, RAC headlined an epic set at Decentraland’s End of Year Party ...

🛒 NFT Marketplaces

  • Popular NFT marketplace OpenSea just rolled out a new feature, Collection Manager, that lets users mint NFTs without needing to pay any gas. Powered by the ERC-1155 token standard and OpenSea’s API system, this service mints NFTs on-chain only after they’ve been purchased.
  • Upstart NFT marketplace Cargo is rolling out its Cargo NFT Reward System in early 2021. The program will let users stake Cargo Credits (and other assets for reward multipliers) for the chance to earn exclusive NFTs from popular cryptoartists.

💎 DeFi x NFTs

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.

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