That NFT you like is in style

Dear Bankless Nation,

While broader market conditions have been choppy lately, the floor prices of many top NFT collections have been holding or even gaining ground in rather impressive fashion.

To be sure, I think approaching NFTs purely as a crypto or macro hedge is missing the forest for the trees. Yet the big wigs are starting to pay attention and more and more are wanting in.

Stuff like this is inevitable as NFTs continue to make inroads into the mainstream. But it’s also a stark reminder that the world’s watching what we’re doing in this ecosystem increasingly closely.

Let’s live up to the moment; our cue has arrived.

-WMP

🛒 NFT News & Platforms

• OpenSea reversed its decision to limit minters to 5 collections capped at 50 NFTs each; it also introduced a listings manager and moved to reimburse users negatively affected by the platform’s listing system.
• gem, a new NFT marketplace aggregator, broke the +10k ETH volume mark in a matter of days.
• LooksRare now offers LOOKS trading rewards across all NFT collections.
• PartyDAO launched Collection Parties.

• Zora rolled out its V3 protocol.
• YouTube is exploring support for NFTs; Reddit is reportedly doing the same.

🏆 Digital Collectibles

• Azuki is dominating OpenSea’s volume charts right now:

  

• Cool Pets, the Cool Cats expansion collection, is now launching on Jan. 31st.  

• Larva Labs once again disavowed V1 Cryptopunks. 

• Noundred: I cataloged the traits of the first 100 Nouns, as these traits aren’t directly named on-chain. (E.g. useful if you’re trying to find part names for building Noun profile pics). 

🎨 Cryptoart

• Shields, an onchain heraldic design system, launched.

🎮 NFT Games

• Axie Infinity launched RON, the native token of the leading NFT game’s Ronin sidechain. The project also just kicked off RON rewards for the RON/ETH pool on Katana.

• Parallel published the Prime Proposal.
• Chainfaces Arena currently has ~600 warriors left standing.
• The Crypto Game kicked off its Chapter 1 gameplay.

💽 Music

• Tactic Tuesday: check out my new How to get started with music NFTs write-up for Bankless.

🌐 Virtual Worlds

• Cryptovoxels listed the final Flora parcels.
• Warner Music Group is launching a theme park in The Sandbox.

💎 DeFi x NFTs

• dYdX introduced Hedgies, an NFT collection.
• Reservoir, an NFT order book protocol, has arrived.
• Paradigm unveiled CRISP, a way to “sell NFTs at a targeted rate over time.”
• Slingshot unveiled the Slingshot 2099 Marketplace.
• TracerDAO announced Perpetual PUNK tokens.

Action steps

• Watch NFT Marketplace Wars by Bankless
• Watch Moment of Zen(eca) by Overpriced JPEGs
• Read Trying NFTs on Optimism by Metaversal