The NFT Boom Picks Up Steam

Sotheby's eyes an alien CryptoPunk, Ronin's booming, ConsenSys gets a VR HQ, & more!
May 7, 20212 min read

Dear Bankless Nation,

What an incredibly busy week for the NFT ecosystem it’s been!

With all the hustle and bustle lately it can be seriously hard to keep up with everything that’s been going on.

Don’t feel overwhelmed: keep focusing on the things that interest you, chip away at the work and learning you have in front of you, and you’ll do just fine.

Reading the Metaversal weekly recap every Friday helps too, of course 😄 Have a great weekend everyone.


🏆 Digital Collectibles

  • CryptoPunk creators Larva Labs launched Meebits, a 3D voxel project centered around avatars for the metaverse. The ensuing buzz pushed Meebits to the top of the NFT ecosystem’s 7-day trade volume chart on the week. 

    Image via OpenSea
  • Speaking of other chart toppers, the new Bored Ape Yacht Club project has seen over 3.5k ETH in volume since launching last week 🦍 

  • Meet CryptoPunk DAO, a new coordination community for Punk holders. 

  • Minting for Avastars Gen1 Series 5 is live!

  • Gary Vaynerchuk launched VeeFriends, a series of 10,255 unique characters that grant holders unique perks and admission to VeeCon

🎨 Cryptoart

  • Cryptoart marketplace SuperRare is hiring for a handful of positions!
  • Nifty Gateway has now facilitated over $300M worth of sales to date.
  • Generative cryptoart platform Art Blocks is launching a newsletter to help users keep up to date with all the things happening around the project.

🕹️ Blockchain Games

  • Axie Infinity’s new Ronin sidechain has experienced a major surge in activity since launching.
  • Fantasy global ⚽ game Sorare added Brazilian club Atlético Mineiro to its ranks.
  • Round 1 of Aavegotchi Rarity Farming ended this week, giving way to Round 2.

🌐 Virtual Worlds

  • Cryptovoxels has several notable releases in the pipeline for next week!
  • Ethereum software company ConsenSys commissioned the VoxelArchitects crew to build an HQ in Decentraland. Beautifully done, I think.
  • Virtual gaming world project The Sandbox is hiring animators.
  • Etheria, Ethereum’s first NFT project, is getting modernized.

🛒 NFT Platforms

💎 DeFi x NFTs

  • Uniwap V3 launched, and with it a new paradigm: Uniwap liquidity provider (LP) positions are now represented as totally on-chain NFTs.
  • Visor Finance, an NFT Smart Vault project centered around Uniswap V3 LP NFTs, released its V2 Vaults system.
  • NFTX updated its bulk-mode UI.

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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