# What NFTs teach us

*Author: William M. Peaster*
*Published: Mar 4, 2022*
*Source: https://www.bankless.com/de/what-nfts-teach-us*

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Dear Bankless Nation,

NFTs are a new medium, a new type of asset.

Yet humans are, well, all too human. The best of us bring the greatness of our dreams to NFTs, while the worst scam and prey on the naive, etc.

> [](https://twitter.com/ILikeNFTs/status/1499857067259146240)

The NFT ecosystem may be a new field then, but the players are the same as in any. Expect the beautiful, the dramatic, and the tragic — they all come together here, because people bring them wherever they go.

Anyways, thanks for reading everyone. Have a great weekend, be well, and stay creative as always!

-WMP

---

# 🛒 NFT News & Platforms
- **LooksRare **rolled out support for [rarity rankings](https://twitter.com/LooksRareNFT/status/1498861789064593408).
- **Manifold **partnered with Shopify on the creation of the [Manifold Merch Bridge](https://twitter.com/richerd/status/1499503506410991625?t=psKnRL9Gb6oYpArhfKHlWw&s=09), a system for redeeming merch via NFTs.
- **pplpleasr** unveiled [Shibuya](https://medium.com/@shibuya.xyz/shibuya-white-rabbit-pilot-c901e8bb76a4), a Web3 video platform.
- **Treasure**, a popular NFT marketplace on Arbitrum, was attacked via an exploit that let a blackhat scoop up dozens of [listed NFTs for free](https://bankless.ghost.io/hacker-targets-treasure-nfts?s=w). Fortunately, most of the NFTs have since been recovered.
- **The SEC** is taking a [closer look at the NFT ecosystem](https://www.bloomberg.com/news/articles/2022-03-02/sec-scrutinizes-nft-market-over-illegal-crypto-token-offerings) for potential securities violations.

## 🏆 Digital Collectibles
- **CryptoPunk #5364 **was donated to the [Ukraine Crypto Donation](https://etherscan.io/address/0x165cd37b4c644c2921454429e7f9358d18a45e14) address.

> [](https://twitter.com/mintable_app/status/1499201131813109763)

- **KPMG Canada **acquired an NFT from the World of Women collection:

> [](https://twitter.com/KPMG_Canada/status/1498335705965203463)

- **Josie Bellini **launched the [CyberBrokers](https://twitter.com/CyberBrokers_/status/1499570186772434961) collectibles ecosystem. (*Full disclosure: I received some free claims [as a tip](https://twitter.com/WPeaster/status/1499590591943831557) for writing work I did for the project a year ago!*)

## 🎨 Cryptoart
- **Alotta Money**, a cryptoartist pioneer, passed away this week. He was an incredible soul who brought joy to everyone he crossed paths with. He will be sorely missed by many 💔

> [](https://twitter.com/trevorjonesart/status/1499707016922730497)

- **XCOPY **released *[‘SPECIAL OPERATION’](https://superrare.com/artwork-v2/'special-operation'-33009)* on SuperRare:

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/public/images/1eb58c85-22b8-48f1-b258-c99cbfe4d373_1040x534.png)](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/image/fetch/f_auto,q_auto:good,fl_progressive:steep/https-3a-2f-2fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com-2fpublic-2fimages-2f1eb58c85-22b8-48f1-b258-c99cbfe4d373_1040x534.jpg)

## 🎮 NFT Games
- **Axie Infinity **published a sneak peek of [Origin’s back cards](https://axie.substack.com/p/origin-sneak-peek-back-cards?s=r).
- **Pixelmon **was billed by its creators as the next big NFT game. Instead, the collection’s [debacle launch](https://bankless.ghost.io/the-pixelmon-nft-debacle?s=w) just became the latest case study regarding how *not *to release an NFT project.

## 💽 Music
- **Async Music **showcased [PHONONS](https://twitter.com/AsyncArt/status/1498705731205451779?s=20&t=TU8uL30n6QRT2gtVWsS0VQ), a piece composed by KOR3 that is the final curation in Async Music’s Class Collection.
- **Jonathan Mann **gave Pixelmon’s already infamous “Kevin” NFT a fitting theme song:

> [](https://twitter.com/songadaymann/status/1498788167813632000)

## 🌐 Virtual Worlds
- **Arca NFT Fund **acquired two Axie Infinity Genesis Land plots:

> [](https://twitter.com/ArcaChemist/status/1498823139702288386)

- **Cryptovoxels **is tracking tribute events in honor of Alotta Money in the coming days:

> [](https://twitter.com/cryptovoxels/status/1499813490453794820)

## 💎 DeFi x NFTs
- **Abacus**, an NFT valuation project, published its [ABC tokenomics](https://medium.com/abacus-wtf/abacus-tokenomics-c5e549ce62dc) details.
- **The Scalara NFT Index** is now live:

> [](https://twitter.com/scott_lew_is/status/1498742697192050704)

- **MetaPortal** just unveiled the [$GAME](https://twitter.com/MetaportaI/status/1499082251400790023) NFT gaming index.
- **The Idols**, a collection whose NFTs are backed by Lido staked ETH, is going live tomorrow:

> [](https://twitter.com/cyounessi1/status/1499831966895591426)

---

### **Action steps**
- 📺 Watch [Carly Reilly and Justin Kan](https://jpegs.banklesshq.com/p/-16-why-gamers-wont-hate-nfts-forever?s=w) talk gaming NFTs on Overpriced JPEGs
- 💸 Read [5 ways to get fixed-rate yields in DeFi](https://bankless.ghost.io/5-ways-to-earn-fixed-rate-yields/) by Bankless