# NFTs Race to Formula 1 🏎 *Author: William M. Peaster* *Published: Aug 4, 2023* *Source: https://www.bankless.com/de/nfts-race* --- --- Dear Bankless Nation, With billions of fans, Formula 1 racing is a sport watched globally. ***So how about getting your fav NFT emblazoned for all the world to see on a top F1 team car?*** It’s possible! Our friends over at Kraken just launched a fun [Rear Wing Takeover](https://blog.kraken.com/product/nft/the-rear-wing-takeover-competition-is-live) contest toward that end. The big idea? 6 finalists will get their NFTs showcased on the rear wing of the [Williams Racing team’s FW35 car](https://en.wikipedia.org/wiki/Williams_FW45) at the 2023 United States Grand Prix race. ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f17a02cd6-1b46-4bb8-9792-f90e84bddbac_680x680-jpeg.jpg)*CryptoPunks*? *CrypToadz*? *CryptoDickButts*? We’ll have to wait and see which projects make the cut, but joining’s straightforward: [just fill out this entry form](https://www.williamsf1.com/rear-wing-takeover) on the Williams Racing website to put your NFT in the running. Public voting on the finalists will take place later this month from August 28th to August 31st, so be on the lookout for that! Best of luck everyone, and in the meantime thanks for reading and have a great weekend. Now let’s catch you up on this week in NFTs ✌️ -WMP > *P.S. Kraken is indeed Metaversal’s current sponsor but this intro isn’t tied to the sponsorship in any way and was made at the sole discretion of me, the writer, because I thought it was cool, simple, fitting, and timely! *🏁 --- ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f12456bb1-2640-45a4-bc7e-1d6409abed59_1215x308.png) ### **📊 The big picture** > Over the past week, the floor-based market cap of the NFT space grew from 8.69 million ETH to [8.87 million ETH](https://app.nftvaluations.com/) for a 2% gain 📈 ### **🔝 7D top collections by volume** ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f2f7b2867-143a-4f05-8e5e-1fffca61adb7_1600x753-png.jpg)*via [pro.opensea.io](https://pro.opensea.io/)* --- ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f8359d130-9a17-40f7-ac21-3e457023739c_1216x308.png) ### **📰 General news** - **archivist.eth **published the latest edition of the [Blockchain Collectibles Clock](https://twitter.com/punk3606/status/1636870596960169985), a visualized timeline of blockchain collectibles from 2009 to today. - **AthenaDAO** minted its [1st IP NFT](https://www.molecule.to/blog/athenadao-first-ip-nft) for funding medical research into ovarian health. - **Delegate Cash **rebranded to [Delegate](https://twitter.com/0xfoobar/status/1686072915836461056). - **Dustin Yellin** completed [*Person, Place, or Thing*](https://twitter.com/dustinyellin/status/1686106445412978688), a sculpture commissioned by Nouns DAO. - **mint.fun **added [support for the Base L2](https://twitter.com/mintdotfun/status/1687086965467074560) and hailed the [winner of its 1st onchain minting competition](https://twitter.com/mintdotfun/status/1685013670072619008). - **OpenSea **also just [added support for Base](https://twitter.com/opensea/status/1687203377552453632). - **Nifty’s** announced it was [shutting its operations](https://twitter.com/Niftys/status/1686904831611465729). - **Zora **introduced [Protocol Rewards](https://twitter.com/ourZORA/status/1687146881791791104), meaning creators and devs can now earn from using Zora. ### **🏆 Digital collectibles** - **CryptoDickButts **launched its [Series 4 mint](https://twitter.com/CryptoDickbutts/status/1685384946548944896), and whoever holds the most CBDs in a month will receive ownership of the entire project. - **CryptoPunk 3307**, a 0-trait punk, just [resold for 500 ETH](https://twitter.com/LuckyTraderHQ/status/1687456524673679360). - **Forgotten Runes Wizard’s Cult** released [3D models](https://www.forgottenrunes.com/3d) to all of the collection’s holders. - **Jack Butcher **unveiled [Opepen art set submissions](https://twitter.com/jackbutcher/status/1686398854118170624?s=20). - **Shinsei Galverse **published its first anime release, a [music video created with pop star Tove Lo](https://twitter.com/galverseNFT/status/1687131585097994241). ### **🎨 Cryptoart & music** - **Joshua Bagley **released [*Spaghetti Bones*](https://www.artblocks.io/collections/curated/projects/0x99a9b7c1116f9ceeb1652de04d5969cce509b069/456)[ on Art Blocks](https://www.artblocks.io/collections/curated/projects/0x99a9b7c1116f9ceeb1652de04d5969cce509b069/456). - **EXPANDED.ART **released [*MUT-3-2.TGA*](https://www.expanded.art/products/mut-3-2-computer-joy), an open edition art drop in collaboration with the estate of artist Lee Mullican. - **Pob Studio** presented [Terrene Exeo](https://twitter.com/prrfbeauty/status/1687136353333768192?s=20), an interactive generative art project based on NFT collection smart contracts on Ethereum. - **Sound **rolled out a [follows feature](https://twitter.com/soundxyz_/status/1686802036401074191). - **Zien** completed its mint of [*Anamorphic Generations*](https://twitter.com/joinzien/status/1687420775492423680) by Maxim Zhestkov. ### **🎮 Decentralized gaming** - **Axie Infinity **is hosting an [Axie Classic Throwback tournament](https://blog.axieinfinity.com/p/axie-classic-the-throwback). - **Mithraeum**, an onchain strategy game,** **started its [Iron Age I Tournament](https://twitter.com/Metaguild/status/1686038674293575680). - **Parallel**, a sci-fi card game,** **[launched its beta](https://twitter.com/ParallelTCG/status/1686138878728826880). - **Pirate Nation** demoed its [Combat V2 system](https://twitter.com/PirateNationNFT/status/1686836744875016195). - **Sorare **introduced its new [Cash Wallet](https://twitter.com/soraresupport/status/1686377826742923264). - **Yuga Labs** is collaborating with Animoca Brands and nWay on [Wreck League](https://decrypt.co/151138/wreck-league-mech-fighter-grows-extended-yugaverse-bored-apes), a web3 fighting game. ### **🌐 Virtual worlds** - **Nifty Island **launched support for [3D Forgotten Runes Wizards](https://twitter.com/Nifty_Island/status/1687127815106310145). - **Yuga Labs **acquired [Roar Studios](https://decrypt.co/150757/yuga-labs-roar-studios-acquisition-ai) in a bid to bring AI into the Otherside. ### **🪙 NFTfi** - **Caviar**, an NFT AMM, announced an [NFT liquidity experiment](https://twitter.com/caviarAMM/status/1686421690895716352?s=20) in a partnership with Insrt Finance and The LLamas. - **JPEG’d**, an NFT borrowing protocol,** **was hit with an [$11M loss after an attacker exploited Curve](https://twitter.com/0xfoobar/status/1685647664753336320), a popular DeFi exchange. - **MetaStreet **open-sourced and verified its [V2 smart contracts](https://twitter.com/metastreetxyz/status/1686060303539445760) and unveiled [punk_mstETH](https://twitter.com/metastreetxyz/status/1687131220810035200?s=20). - **nftperp **published a [V1 recap + a V2 sneak peak](https://medium.com/@nftperp/end-of-v1-looking-ahead-to-nftperp-v2-71185af1e199). - **Nouns DAO** purchased [stETH peg protection via Cozy](https://twitter.com/cozyfinance/status/1686407315661234176). - **sudoswap **introduced [sudock](https://twitter.com/0xmons/status/1686151203233882114), a compatibility layer between sudoAMM V2 and OpenSea’s Seaport system. --- ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2fcfabd08a-1f74-4c5a-9dd3-f22ec5faf461_1214x309.png) #### **🎆 Mint spotlight: **[**The Rainbow Poolboy**](https://rainbow.me/drops/poolboy) > Vibe into onchain summer in style with **The Rainbow Poolboy**, an NFT drop presented by Rainbow wallet and Poolsuite. Still available to mint for the next day at the time of this post’s writing, The Poolboy has updateable “cassettes” and comes in four colors, including a rare rainbow variant. The mint price is 0.007 ETH, but it's free for all Poolsuite holders. If this sounds cool, come join the pool party! ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f7c0692af-0a7d-4911-b11e-cf46a2226b66_603x609-png.jpg)*via [rainbow.me](https://rainbow.me/drops/poolboy)* --- ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2fd2f3361e-77ce-41d3-94eb-8782d04e19c6_1214x308.png) #### **🙇 New insightful reads to level up your web3 knowledge!** > 1. **FaultProofBen **on [the MUD onchain game engine](https://mirror.xyz/wasdmedia.eth/L91uqA-_4tp9iv-TAo1HKSnoMqvMxw55wwoKVej2wtI) 🎮2. **xtremetom **on [migrating 20k Baby Pepes onchain](https://medium.com/coinmonks/how-i-put-an-nft-collection-of-20k-animated-gifs-on-chain-and-saved-9-eth-on-gas-512dac931ac3) 🐸3. **S4mmy.eth **on [Amazon offering free NFTs](https://twitter.com/S4mmyEth/status/1687034681798082561) 🆓4. **Teng Yan **on [DeFi projects releasing NFTs](https://twitter.com/0xPrismatic/status/1687121890979233793) 🎊5. **0xBeans.eth **on [Nouns V3 forking](https://twitter.com/0x_Beans/status/1686788574027411467) 💥 --- ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f06aa1bcf-7542-4ab0-b946-65d85ab8bb31_1214x309.png) #### **✨ My NFT tool of the week: **[**NFT Price Floor**](https://nftpricefloor.com/) > Looking for a place where you can really dig into NFT collection stats, check recent top sales across different timeframes, and more? NFT Price Floor is one such platform that’s great for zooming in or zooming out when analyzing NFTs. Currently the site supports Ethereum and Polygon collections, which covers the majority of ecosystem activity these days, but it seems there will be more chains supported soon as well. ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2fb86f85a4-dd8c-422c-914f-02049f5ac964_1600x721-jpeg.jpg)*via [nftpricefloor.com](https://nftpricefloor.com/)* --- ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2f6b6c1bf2-5c24-4541-84e4-3a800853dc56_1216x308.png) #### **😜 Gary Gensler’s pivoting **[**from crypto to AI**](https://twitter.com/NeerajKA/status/1687188855504486400)**? Wow! I’m guessing his performance in crypto is an indication of what’s to come…** ![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/https-3a-2f-2fsubstack-post-media-s3-amazonaws-com-2fpublic-2fimages-2fe8a60d49-e331-47fe-95e8-82aadeeaf3c5_913x700-png.jpg)*via [Alan Carroll](https://twitter.com/alancarroII/status/1687184369272705024?s=20)*