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Dear Bankless Nation,
It was a dizzying week in the NFT ecosystem. It seems like a million exciting things just happened, right!
Well strap in, I say. We can expect this pace for the foreseeable future as interest and  validation pours into all the projects building amazing stuff around NFTs right now and as the wider cryptoeconomy turns bullish once more.
So there will be lots to do, and see, and read about in the days and weeks ahead. But just remember to keep your head on a swivel. Thereâs a ton to be excited about, and you donât have to jump in and process everything at once!
Just be both curious and cautious, do your research and help others where you can, and last but not least be sure to have some fun. This is our revolution, and we get to do things our way now âŠ
-WMP
đ Digital Collectibles
- Prolific NFT collector Pranksy crowdfunded +$1M via Discord, bought up 150
CryptoPunks with the funds, and is now hosting The Million Dollar Punk Drop. The idea? Buy 1 ticket, get 1 random Punk from the draw!
Digital art collectibles project Hashmasks dominated the NFT ecosystem this week, netting +8k ETH in sales since launching just a few days ago.
Amid all the buzz and excitement around Hashmasks, be safe and watch out for the current spate of opportunistic counterfeits on do-it-yourself NFT marketplaces. For example, below is a fake on OpenSea: it was created via Mintable and isnât from the verified, blue-check Hashmasks collection âŠ
The recently launched, Pranksy-backed NFT monthly subscription service NFTBox has generated +275 ETH in secondary sales in short order.
đš Cryptoart
- Renowned âEverydaysâ artist Beeple has raked in over 170 ETH in secondary sales since first arriving in the cryptoart scene last year. A warm and well-deserved welcome!
- Acclaimed generative artist Dmitri Cherniak released his âRingersâ drop through Art Blocks, with the seriesâs 1,000 pieces instantly meeting explosive demand.
- Pranksy revealed that âDrop Deadâ by acclaimed AI artist Mario Klingemann will be the second piece delivered to genesis NFTBox holders ...
- SuperRare has relaunched its subreddit, r/superrare.
đčïž Blockchain Games
- Time to scale: the mainnet of Axie Infinityâs Ethereum sidechain Ronin is now live!
- Fantasy ✠game
Sorare is globetrotting: the project just added new partnerships with Mexican football club Atlas F.C. and Turkish club Fenerbahçe SK.
đ Virtual Worlds
- The first season of the Metalympics, nft42âs fun spin on Olympic Games in the metaverse, has concluded. Season 2 is set to take place in Ethereum-based gaming world The Sandbox.
- The Cryptovoxels team is taking a âmobile firstâ approach going forward!
- Thereâs always something going on in the metaverse ...
đ NFT Marketplaces
OpenSea just set a new daily volume record of $5M!
NFT marketplace Rarible raised $1.75M in new funding from investors like 1kx, ParaFi Capital,
Coinbase Ventures, and more.
đ DeFi x NFTs
- NFT index fund project NFTX launched a $MASK fund for Hashmasks.
- NFT lending platform NFTfi had a great write-up on its promissory note system this week.
- New fractionalized NFT protocol Fusible announced its $FUSI tokenomics and distribution plans.
Action Steps
- Read âCyclicality in Non-Fungible Token Marketsâ by Andrew Steinwold
- Read âNFTs and the On-Chain Spectrumâ by Metaversal
