That NFT you like is in style

Axie Infinity unveils RON, Cool Pets delayed, OpenSea reverses collection limit, & more!
Jan 28, 20222 min read

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.


🛒 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.

🏆 Digital Collectibles

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

    Image via OpenSea Stats
  • 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

🌐 Virtual Worlds

💎 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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