NFTs

NFT Builders Aren't Slowing Down

OpenSea launches a "Music" category, Nifty's is hiring an NFT curator, & more!
William M. Peaster William M. Peaster May 21, 20212 min read
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NFT Builders Aren't Slowing Down

Dear Bankless Nation,

Crypto prices may be down this week, but intrigue is up around the NFT ecosystem.

That’s because we’re still seeing a ton of interesting advances throughout the space, basically in any direction we look. The building hasn’t slowed — if anything its continuing to steadily ramp up across the board.

So don’t get too spooked by prices. They go up, they go down, ‘round and ‘round.

What you should play close attention to are projects’ fundamentals, and many NFT projects’ fundamentals have never been stronger. That’s what really counts now and going forward.

-WMP


🏆 Digital Collectibles

  • The biggest CryptoPunk sale this week? 400 ETH for Punk #1190, a rare zombie.

  • U.S. financial weekly Barron’s is auctioning the covers of its 1st and 100th issues via SuperRare. 

🎨 Cryptoart

🕹️ Blockchain Games

  • This summer global fantasy ⚽ game Sorare is launching Global Nations, a “new international tournament for the Copa America and the Euros.”
  • Pixelcraft Studios, the team behind DeFi-NFT game Aavegotchi, is looking to hire a Director of Marketing.
  • The Guild of Guardians NFT Founder Sale is kicking off next week.

🌐 Virtual Worlds

  • Metaverse project Wilder World revealed it’s building its virtual realm atop NFT scaling solution Immutable X.
  • The WIP Meetup crew just held their Season 4 finale event in Cryptovoxels.

🛒 NFT Platforms

  • OpenSea launched a “Music” category 🎶
  • NFT social platform Nifty’s is looking to hire an NFT curator!
  • BLING, a luxury and lifestyle NFT marketplace on Polygon, has arrived.

💎 DeFi x NFTs

  • Yam Finance is getting ready to launch $uPUNKs, a tokenized derivative that tracks the value of the CryptoPunks market, through the coming Yam Synths platform.
  • NFT fractionalization protocol Unicly launched v2 yield farms around its uTokens, which represent fractionalized NFT collections.
  • Uniswap v3 LP NFTs don’t break Uniswap’s ability to facilitate liquidity mining, per Paradigm.
  • NFTfi, a marketplace for NFT collateralized loans, whitelisted a handful of NFT projects this week including Proof of Beauty, MakersPlace, and Bored Ape Club for loans.

Action steps

William M. Peaster

Written by William M. Peaster

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William M. Peaster, Senior Writer, has been with Bankless since January 2021. Immersed in Ethereum since 2017, he writes the Metaversal newsletter on the onchain frontier, covering everything from AI projects to crypto games, as the team’s lead NFT analyst. With a background in creative writing, he writes fiction and publishes art on Ethereum in his free time. He lives in Washington.

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