# The NFT Spring 🌼

*Author: William M. Peaster*
*Published: May 14, 2021*
*Source: https://www.bankless.com/de/the-nft-spring-*

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Dear Bankless Nation,

It’s certainly springtime in the NFT ecosystem, as NFT projects big and small, known and unknown, are currently blooming toward the sun and teeming with possibility.

Here, I’m reminded of a great line from Chaucer’s *Cantebury Tales*, from The General Prologue. It says spring “stirs them in their hearts / Then folks long to go on pilgrimages.”

In our space, a new spring has brought us renewal, hope, and growth. And we long to trek to even newer horizons, to the incredible possibilities that we know lie directly ahead of us.

Everything in due time, though, right. Patience, and doing good work in the here and now, is how we get to the new horizons. Just some food for thought! Have a great weekend everyone!

-WMP

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## 🏆 Digital Collectibles
- Researchers from University Nicosia and the Institute For the Future (IFF) concluded this week that **CryptoPunks** now have a valuation of [~$1.9B](https://twitter.com/polemitis/status/1391782267425538049), or +476k ETH.
- The first **CryptoPunks auction** at Christie’s brought in [+$16.9M](https://twitter.com/larvalabs/status/1392320238318936066)! I say *first*, because more will surely come.
- CryptoPunks-inspired comic **PUNKS** saw its genesis issues released this week!

> [](https://twitter.com/punkscomic/status/1391936557897158658)

- A rare **Dissected Meebit** just sold for [700 ETH](https://twitter.com/pixls_dot_eth/status/1392917601655873538).
- Speaking of **rare Meebits**, someone created a custom contract to exploit the randomness of Meebits generations and thereby claimed one of the project’s most prized avatars 😵

> [](https://twitter.com/NateAlexNFT/status/1391154055242731527)

- Want to convert your **Meebits into VRM**, a popular open standard for VR avatars? [jin](https://twitter.com/dankvr) has you covered!

> [](https://twitter.com/dankvr/status/1392693892399706118)

## 🎨 Cryptoart
- The artist **fabiello **just released *[Remixable Reclining Nude](https://async.art/art/master/0xb6dae651468e9593e4581705a09c10a76ac1e0c8-1662)* on Async Art. The creator has provided an amazing app that lets you randomize the piece’s Layer NFTs to explore the work’s 1,296 possible Masters!

> [](https://twitter.com/fabielloart/status/1392944873020481547)

- Cryptoart platform **SuperRare** is launching [SuperRare Classes](https://superrare-co.medium.com/announcing-superrare-classes-68af1d5ec5d0), a series of cryptoart-themed lectures and workshops based around “art curation, edition, career management,” and more.
- This morning the artists **Han **and **Nicolas Daniel** released [AlgoRythyms](https://twitter.com/artblocks_io/status/1392928620054712320) as an Art Blocks Curated drop 🎊

## 🕹️ Blockchain Games
- Axie Infinity creators **Sky Mavis** just raised $7.5M in [Series A funding](https://bankless.ghost.io/axie-infinity-builders-raise-75m). That’s a great treasury boost that’ll help the team evolve Axie Infinity that much further from here!
- Don’t miss ***Play-to-Earn***, the first community-made Axie Infinity documentary 🎥

> [](https://twitter.com/AxieInfinity/status/1392827684128890883)

- Global fantasy ⚽ game **Sorare **is implementing a [scaling solution](https://www.reddit.com/r/Sorare/comments/n9tkbv/transaction_delays_and_a_new_solution/?utm_source=share&utm_medium=web2x&context=3) that is set to be in place by the end of July 2021.

## 🌐 Virtual Worlds
- There’s a new **Cryptovoxels area** adjacent to Far Far Away: [Vibes](https://twitter.com/cryptovoxels).

> [](https://twitter.com/cryptovoxels/status/1392267442127216642)

- Check out **PunKit**, a shop in Cryptovoxels for custom-made [CryptoPunks avatars and wearables](https://twitter.com/metaverseDAO/status/1392180671251161100) 👚
- NFT gallery network **Zardoz Club** is building a new virtual hub in The Sandbox 🏖️

> [](https://twitter.com/zardozclub/status/1392851298425479169)

## 🛒 NFT Platforms
- **eBay** officially rolled out [NFT support](https://www.reuters.com/business/retail-consumer/ebay-taps-into-nft-frenzy-allows-sale-platform-2021-05-11/) 🤯
- **Upshot** activated its [Open Beta](https://twitter.com/UpshotHQ/status/1392175233046564868), which allows anyone to try appraising NFTs on the platform.
- NFT scaling solution **Immutable X** is seeing an activity boom …

> [](https://twitter.com/Immutable/status/1392795004884688896)

## 💎 DeFi x NFTs
- NFT trading protocol **NFT20** is now live on Ethereum’s [Polygon sidechain](https://twitter.com/0xPolygon/status/1391752565541404684).
- **NFTfi** just facilitated the largest NFT-backed loan to date for 200,069 DAI ...

> [](https://twitter.com/NateAlexNFT/status/1393216543203504129)

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### **Action steps**
- 📰 Read “**[How to Appraise NFTs on Upshot](https://bankless.ghost.io/how-to-appraise-nfts-on-upshot)**” by Metaversal
- 📰 Read “**[Bankless 🤝 MetaFactory collaboration](https://medium.com/bankless-dao/bankless-metafactory-collaboration-a70ea842b562)**” by Bankless DAO