# You Down with NFTs? *Author: William M. Peaster* *Published: Feb 26, 2021* *Source: https://www.bankless.com/de/you-down-with-nfts* --- Dear Bankless Nation, “You down with NFTs?” With the influx of mainstream attention, you might have a friend or even a *few *asking you about NFTs lately. That’s great! Welcome to the limelight, right! These are powerful and revolutionary times, of course, but this space can also have a steep learning curve for beginners. Your stewardship, insights, and patience can have a real impact on helping these newcomers become valuable contributors to the NFT ecosystem for years to come! That’s what it’s all about, at the end of the day: spreading the good word on NFTs and getting more people to directly benefit from them. We’re all something of teachers from here on out, accordingly. -WMP --- ## 🏆 Digital Collectibles - CryptoPunks saw incredible volume this week. In fact, over the last 7 days CryptoPunks experienced $42.6M worth of sales. Per [NonFungible](https://nonfungible.com/market/history/cryptopunks?filter=nftTicker%3D%25CF%25BE&filter=saleType%3D&length=10&sort=blockTimestamp%3Ddesc&start=0), that’s impressively over *half *the OG NFT project’s all-time volume to date, i.e. $83.8M! - Also, the CryptoPunks price floor is now ~21 ETH … > [](https://twitter.com/pixls_dot_eth/status/1364860354069684224) - Museum of NFT Art curator Giannis Sourdis listed [Proof of Beauty (POB) #541](https://twitter.com/Ioannis_AG/status/1364997920374681601), a generative artwork representing the genesis CryptoKitties transaction, for 42 ETH on OpenSea. - Speaking of CryptoKitties, how do you actually value one? DappRadar just published a [helpful primer](https://twitter.com/DappRadar/status/1364984628482826241). - The Chainfaces boomed over the past few days as an [influx of collectors](https://twitter.com/beaniemaxi/status/1364700959704834053) started diving into the on-chain collectibles project. ## 🎨 Cryptoart - The auction for Beeple’s *[EVERYDAYS ](https://onlineonly.christies.com/s/beeple-first-5000-days/lots/2020)*[—](https://onlineonly.christies.com/s/beeple-first-5000-days/lots/2020)*[ THE FIRST 5,000 DAYS](https://onlineonly.christies.com/s/beeple-first-5000-days/lots/2020)* NFT began through legendary auction-house Christie’s. At the time of writing, the standing bid was $2.2M with another two weeks to go! - Beeple also just saw his Nifty Gateway piece *[CROSSROAD](https://twitter.com/niftygateway/status/1364745727889530883) *sell for $6.6M to an anonymous collector! - The standing bid on FEWOCiOUS’s SuperRare piece *[The Innovator’s Dinner](https://superrare.co/artwork-v2/the-innovator's-dinner-13670)* is [639 ETH](https://opensea.io/assets/0xb932a70a57673d89f4acffbe830e8ed7f75fb9e0/13670) ... [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/public/images/5563cf6f-4140-45d3-872a-038cff3b9229_1417x805.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-2f5563cf6f-4140-45d3-872a-038cff3b9229_1417x805.jpg) - Dmitri Cherniak’s generative art series *Ringers *via Art Blocks has now seen +$1M in volume after launching less than a month ago. Earlier this week, I [interviewed Cherniak for Metaversa](https://bankless.ghost.io/talking-ringers-with-dmitri-cherniak)l to get his insights on the rise of *Ringers*. - Artist Trevor Jones brought the boom to [NiftyGateway](https://niftygateway.com/collections/palettetocanvas) yesterday, too … > [](https://twitter.com/trevorjonesart/status/1365073752044802049) ## 🕹️ Blockchain Games - Axie Infinity published its [February Dev Update](https://axie.substack.com/p/febdev) report. Some highlights: the NFT game now has +20k daily active users and +30k Axie holders! [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/public/images/5d4b3e0f-494a-44d8-a5f7-21cd13267fdf_1456x737.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-2f5d4b3e0f-494a-44d8-a5f7-21cd13267fdf_1456x737.jpg) - Global fantasy ⚽ game Sorare just [raised $50M](https://twitter.com/SorareHQ/status/1364837754492882944) in a Series A funding round. The game also just partnered with NFT loot drop project [NFTBoxes](https://twitter.com/pranksyNFT/status/1364889924135235584), meaning Feb. 2021 Box holders will each receive a Sorare player card! ## 🌐 Virtual Worlds - The WIP Meetup had another great cast of speakers this week, per usual! > [](https://twitter.com/theWIPmeetup/status/1365028594821435394) - [Layer-two (L2) wearables](https://twitter.com/cryptovoxels/status/1364176289037361157) powered by Polygon (formerly Matic) have almost arrived in Cryptovoxels. - The CoinGecko team hosted a virtual meetup in Decentraland ... > [](https://twitter.com/DCLBlogger/status/1364763195647291396) ## 🛒 NFT Marketplaces - Entrepreneur and investor Justin Kan is auctioning off a series of YouTube videos on OpenSea. The bids are flowing in so far! > [](https://twitter.com/opensea/status/1365037987051016195) - Musician Shawn Mendes has partnered with Genies on an [OpenSea drop](https://twitter.com/ShawnMendes/status/1364954313626447873). - Rapper Tyga released [another NFT](https://twitter.com/Tyga/status/1363569616237256707) on Rarible. ## 💎 DeFi x NFTs - Putting EulerBeats reserve ETH to use in Balancer V2 to earn print holders yield? Now there’s a thought … > [](https://twitter.com/BlockEnthusiast/status/1364839832732712960) - Decentralized trading platform Slingshot kicked off its “[Race to Closed Beta](https://twitter.com/SlingshotCrypto/status/1365108577355014144)” contest, with its top three performers earning NFT prizes. - The Graph held its first [NFT Subgraph Community Call](https://twitter.com/graphprotocol/status/1365114700581662721), where developers “building NFTs with The Graph discussed their projects, subgraphs, and how the community can keep improving the protocol to support NFTs” --- ### Action Steps - Read “[Cryptoart is going to eat traditional art](https://bankless.ghost.io/crypto-art-is-going-to-eat-traditional/)” by Andrew Steinwold on Bankless. - Read my Tactics Tuesday write-up “[How to get exposure to NFTs](https://bankless.ghost.io/how-to-get-exposure-to-nfts/).”