Recent NFT controversies ☕️

CrypToadz 100% on-chain, Fractional rebrands, Gods Unchained rises, & more!
William M. Peaster William M. Peaster Aug 19, 20222 min read
Recent NFT controversies ☕️

Dear Bankless Nation,

The NFT ecosystem, growing as it is in all directions, has been wrangling from one hot topic to another lately. The biggest of these ongoing debates have centered around heady questions like:

  1. Should NFT projects offer licensing agreements to holders, or should projects submit their IP to the public domain via CC0?
  2. Is AI art authentic art?
  3. Is the 0% NFT royalties approach, a la Sudoswap, acceptable?

My quickfire answers to each of these questions respectively are: 1) it depends on the circumstances, 2) absolutely AI art is real art, and 3) not in all cases but again it depends on the circumstances.

Ultimately, the design space around NFTs is totally open and essentially endless — and this reality will make the ecosystem increasingly multiplicitous over time — so expect more and more big debates going forward.

Keep your footing by tracking and thinking through the arguments of supporters, critics, and onlookers alike, as a bird’s-eye view will best position you to critically and fairly approach these debates. In the meantime, thanks for reading and I hope you have a great weekend ✌️


🛒 General NFT News

  • Fractional rebranded to Tessera and announced a $20M Series A raise.
  • TreasureDAO hired Anonymice creator MouseDev to its Bridgeworld team.
  • Unlock Protocol unveiled new monetization options for its users.
  • Zora and Connext rolled out Lanyard, an open-source tool for creating universal NFT allowlists.

🏆 Collectibles

  • BAKC #8234 resold for $500k, marking the new biggest BAKC sale to date:

🎨 Cryptoart

  • 6529 acquired The Sailor by FEWOCiOUS for 350 ETH from fellow cryptoart collector YeahYeah.

🎮 NFT Gaming

  • Axie Infinity launched Origin Portal minting for Ronin Runes and Charms:
  • The Forgotten Runiverse fantasy MMO is slated to launch in the first half of 2023.
  • Gods Unchained, the NFT trading card game, has seen a recent spike of activity on ImmutableX:

💽 Music

🌐 Virtual Worlds

💎 DeFi x NFTs

  • Uniswap (which has NFT LP positions in V3) optimized its routing APIs to find more trade routes between Uniswap V2 and V3:
  • Aelin, a deal coordination protocol on Optimism, activated NFT-gated pools.
  • Arcade, an NFT borrowing and lending protocol, launched its V2 system.

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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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