Yuga Blocks OpenSea 🙊

Weekly Roundup: Delegate V2, Phantom x Party, Sound Tiers, & more!
Sep 29, 20233 min read

Dear Bankless Nation,

Yuga Labs, creators of the Bored Ape universe, just sent a shot across the bow of the NFT space.

Well, mainly across the bow of OpenSea.

With no love lost for OpenSea’s royalty-optional approach, Yuga just blocked its new Legends of the Mara collection from trading on Blur, LooksRare, Sudoswap V1, and yes, Opensea.

Blur and the others are used to being blocked by collections at this point, thanks to the now-sunset Operator Filter, but it’s the most high-profile stiff arm yet for OpenSea in this regard.

Will the move lead to wider change? There’s no telling at this point, but in the very least, Yuga’s made a rallying cry that will resonate with many NFT creatives: support NFT royalties, or lose our support.

We’ll have to wait and see what happens next. In the meantime, it’s that time again, let’s get you caught up on the past week in NFTs. Have a great weekend everyone, and as always thanks for reading! ✌️


📊 The big picture

Over the past week, the floor-based market cap of the NFT space dipped sharply from 7.53 million ETH to 6.22 million ETH for a 17.5% drop ⤵️

🔝 7D top collections by volume

via OpenSea Pro

📰 General news

🏆 Digital collectibles

🎨 Cryptoart & music

  • Gami introduced Sketchbook, a platform for minting sketches.
  • LNRZ unveiled Multichain, an EP drop across Base, Optimism, and Zora Network.
  • Sound introduced Tiers, a way to release Limited Editions and Forever Editions in one drop.

🎮 Decentralized gaming

🌐 Virtual worlds

🪙 NFTfi

🎆 Mint spotlight: Natural Static by Jonathan Chomko

Presented by JPG and featured in the exhibition "Generative Art Beyond the Algorithm" curated by Outland’s editor-in-chief Brian Droitcour, Jonathan Chomko's "Natural Static" is a fine art generative NFT series that transforms videos of natural motion into pixel-based water simulations, creating a dance between the physical and the digital. The animated pieces are 0.1 ETH each, and the mint closes on Monday, October 2nd if you’re interested!
via Natural Static Gallery

🙇 New insightful reads to level up your web3 knowledge!

1. Aztec on Dappicom 👾

2. Holograph on Holograph XP ⏭️

3. John Palmer on Party Protocol 🎉

✨ My NFT tool of the week: Daily Jam

Daily Jam is a new onchain drawing experiment, reminiscent of BasePaint, that just launched this week. It’s still on testnet, and its first users were let in via Party, so you may not be able to try immediately. Even still, the project looks really fun and is another one to watch going forward, so keep an eye on it and consider hopping in once/where you can!
via X

😜 Someone call the SEC…

via X

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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