NFTs, Investing

Watch what you mint 🚨

Life Beyond alpha, Nouns DAO’s esports win, ENS marketplace chatter, & more!
William M. Peaster William M. Peaster Jul 8, 20222 min read
Watch what you mint 🚨

Dear Bankless Nation,

There’s a new type of NFT scam going around that you should know about.

I recently wrote about the popularity surge of free mint NFTs, and this new scam takes advantage of people wanting to ape into these potentially lucrative projects.

Simply put, the trap involves tricking folks into giving up their most valuable NFTs via a bogus “mint” transaction. Make sure if you’re minting from an upstart project that you triple check you’re not “setting approval for all” when you don’t mean to be:

In general, keep your guard up and stay on the lookout for new scam styles like this ⁠— a little caution can go a long way here! And with that PSA out of the way, let’s now get you caught up on some of the biggest NFT news from the past week. Cheers everyone ✌️


🛒 NFT News & Platforms

  • NFT marketplaces saw their trade volume levels boom over 2,439% collectively between Q2 2021 and Q2 2022.
  • ENS DAO is considering proposals to create a dedicated ENS marketplace and to institute a royalty on secondary ENS domain sales:

🏆 Digital Collectibles

  • Nouns DAO received nearly 500 new Noun head proposals to consider for its upcoming August 8th collection update:
  • ImmortalPlayerCharacter is not older than CryptoPunks despite some chatter to the contrary this week.
  • Cool Cats is giving away unminted PFPs from the collection via puzzles.
  • Rarible created a bespoke marketplace for rektguy holders:

🎨 Art

  • ARC and Nahiko have teamed up for a game-theoretic cryptoart project titled “Centralized,” which is due out on Nifty Gateway on July 12th:

🎮 NFT Gaming

  • Axie Infinity’s Ronin hack resulted from a former employee being tricked by a fake job offer.
  • Life Beyond, by Animoca Brands, is now available as a free-to-play alpha.
  • Nouns Esports recently trounced the FTX-sponsored TSM team 2-0 in a Dota 2 matchup:

💽 Music

🌐 Virtual Worlds

💎 DeFi x NFTs

  • Teller created ApeNowPayLater, an app for financing purchases of blue-chip NFTs.

Action steps

William M. Peaster

Written by William M. Peaster

630 Articles View all      

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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