# Merged NFTs 🔀 *Author: William M. Peaster* *Published: Sep 15, 2023* *Source: https://www.bankless.com/merged-nfts* --- Dear Bankless Nation, It’s now been one whole year since Ethereum conducted its [Merge](https://twitter.com/sassal0x/status/1702629393984803041) upgrade! It was an incredible technical feat, but also a game changer for NFTs because it dropped Ethereum’s energy usage *massively*. Now, the annual energy consumption of Ethereum’s current Proof of Stake (PoS) system is already 3,000,000% lower than Ethereum’s last year of energy consumption under Proof of Work (PoW). Some normies still cling to the misconstrued idea that “NFTs are killing the environment,” but in actuality the new Ethereum and its growing L2 and L3 landscapes are pointing the way to a future where much of culture becomes de-physicalized via NFTs. That’ll be a win for the planet, which needs any break it can get from physical waste and IRL overactivity, and it’ll be a win for Ethereum, which is now virtualized and ramping up for the world with scaling solutions. In the meantime, we keep creating on Ethereum and leading by example. Thanks for reading and being along for the journey everyone, have a great weekend ✌️ -WMP --- ![](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-2f9bad705e-63dd-46e7-8064-6a765e0091a9_1215x308-1.png) ### **📊 The big picture** > Over the past week, the floor-based market cap of the NFT space slid from 8.56 million ETH to [7.99 million ETH](https://app.nftvaluations.com/) for a 6.65% drop ⤵️ ### **🔝 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-2f02343c66-01ab-4aa9-bfce-9b03a7cf2538_1534x623-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-2f754e2224-0633-4439-b8e3-e7e3e77b74a4_1216x308.png) ### **📰 General news** - **Frame**, a new L2 for NFTs, [has arrived](https://twitter.com/0xCygaar/status/1702398181252931882?s=20). - **Gaslite Drop **unveiled an [efficient ERC721 airdrop tool](https://twitter.com/PopPunkOnChain/status/1702027038419271931). - **LooksRare **introduced [YOLO](https://looksrare.org/yolo), a Chainlink-powered game where players deposit and play for ETH and NFTs in shared prize pools. - **mint.fun** launched [Season 2 of its !fundrop campaign](https://twitter.com/mintdotfun/status/1702355570765037662). - **Snag**, a platform for custom web3 marketplaces, revealed its [V2 system](https://twitter.com/Snag_Solutions/status/1702738729348243757). - **TITLES **added support for [Zora Network](https://twitter.com/titlesxyz/status/1701627538462986455). ### **🏆 Digital collectibles** - **CryptoPunks **introduced [Punks As Told By Punks](https://twitter.com/cryptopunksnfts/status/1702692528846205251), a documentary. - **Cool Cats** will be featured in this year’s [Macy’s Thanksgiving Day Parade](https://twitter.com/nftnow/status/1702435970077819196). - **Milady Maker **has become embroiled in a power struggle between the [founder](https://twitter.com/CharlotteFang77/status/1701245168039452947) and [co-founders](https://twitter.com/Milady_Sonoro/status/1701665068969296222). - **The SEC** charged Stoner Cats with conducting an [unregistered securities offering](https://www.sec.gov/news/press-release/2023-178). ### **🎨 Cryptoart & music** - **Jack Butcher **revealed Vincent Van Dough as the artist of [Opepen Set 018](https://opepen.art/sets/018). - **Jan Robert Leegte** is [releasing ](https://twitter.com/FingerprintsDAO/status/1701993805778489486)[*Web*](https://twitter.com/FingerprintsDAO/status/1701993805778489486)* *via FingerprintsDAO on September 20th. - **Sound **added [profile song highlights](https://twitter.com/soundxyz_/status/1702353085484691736). ### **🎮 Decentralized gaming** - **Axie Infinity **released [new features in Project T](https://twitter.com/AxieInfinity/status/1701860137269658062). - **Lattice **is holding a [playtest for its Sky Strife strategy game](https://twitter.com/latticexyz/status/1702402563352539326) next week. - **Pixels**, a web3 game, is [migrating to Ronin](https://twitter.com/Ronin_Network/status/1701586359062872525). ### **🌐 Virtual worlds** - **Decentraland **is hosting the [1st Metaverse Architecture Biennale](https://twitter.com/decentraland/status/1702685249749008627) Sept. 21st-24th. ### **🪙 NFTfi** - **nftperp **launched a [V2 Paper-Trading Competition](https://twitter.com/nftperp/status/1702033868348604607). --- ![](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-2fd54ed6d7-2110-4d07-b12c-185f5fd781d2_1214x309.png) #### **🎆 Mint spotlight: **[**Nakamigos CLOAKS**](https://mirror.xyz/nakamigos.eth/0NleTZCVDofSK22NNYWNCI1nuK6uosZj8diVua8jRyo) > Nakamigos stormed onto the NFT scene earlier this year, and now the project’s looking to mix things up by releasing its first expansion collection, CLOAKS, next week. Both an early access and a public mint are slated for Thursday, September 21st, with the former being free for Nakamigos holders and the later costing 0.05 ETH a pop. Releasing a new 20k character collection is a bold move in bearish times like these, so it’ll be interesting to see how the drop plays out. ![](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-2fa1b0fbb8-3c8f-4fbd-b4e9-90b56166dce4_789x624-png.jpg)*via [Nakamigos](https://mirror.xyz/nakamigos.eth/0NleTZCVDofSK22NNYWNCI1nuK6uosZj8diVua8jRyo)* --- ![](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-2f4b632433-93f5-4dfb-afaf-2246e2dc26c8_1214x308.png) #### **🙇 New insightful reads to level up your web3 knowledge!** > 1. **WASD **on [Shoshin’s gameplay](https://wasd.mirror.xyz/3-dPyD858jqhkNTtCMIAfS8TTp6DFZ6xIfwOUBIIUy0) ♟️2. **Mike Selig **on the [SEC v. Stoner Cats](https://twitter.com/MikeSeligEsq/status/1701978258940600443) 😾3. **Punk 6529 **on the [Three Address Protocol](https://twitter.com/punk6529/status/1701623475725533524) 🛅 --- ![](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-2f183c2ac8-6a06-473d-84a4-532d0290e0c7_1214x309.png) #### **✨ My NFT tool of the week: **[**Bankless Claimables**](https://www.bankless.com/announcing-bankless-claimables) > The Bankless Product team just introduced Claimables, your crypto rewards tracker. In short, this new resource helps you discover and claim onchain goodies, from airdrops, to POAPs, to NFT mint allowlists. If you’re worried about missing out on your wallet’s powers, this is one easy way to stay plugged in. Sign up as a subscriber on Bankless.com to unlock this *and* the [Airdrop Hunter](https://www.bankless.com/welcome-to-airdrop-hunter-app) tool! ![](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-2f3a72ce4a-3bb8-43d2-b92e-77a47d2c3616_1920x1080-jpeg.jpg)*via [Bankless](https://www.bankless.com/announcing-bankless-claimables)* --- ![](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-2f63d631c0-ce29-49fd-88a2-af7265989bcb_1216x308.png) #### **😜 The SEC’s doing a killer job, just not in a good way…** ![](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-2ffcbc13f1-f2b0-4115-8bc6-a55aa12a40d9_1600x1054-jpeg.jpg)*via [devops199fan](https://twitter.com/devops199fan/status/1701972473367924834)*