What NFTs teach us

Manifold 🤝 Shopify, The Idols NFTs near, pplpleasr unveils Web3 video platform, & more!
William M. Peaster William M. Peaster Mar 4, 20222 min read
What NFTs teach us

Dear Bankless Nation,

NFTs are a new medium, a new type of asset.

Yet humans are, well, all too human. The best of us bring the greatness of our dreams to NFTs, while the worst scam and prey on the naive, etc.

The NFT ecosystem may be a new field then, but the players are the same as in any. Expect the beautiful, the dramatic, and the tragic — they all come together here, because people bring them wherever they go.

Anyways, thanks for reading everyone. Have a great weekend, be well, and stay creative as always!


🛒 NFT News & Platforms

  • LooksRare rolled out support for rarity rankings.
  • Manifold partnered with Shopify on the creation of the Manifold Merch Bridge, a system for redeeming merch via NFTs.
  • pplpleasr unveiled Shibuya, a Web3 video platform.
  • Treasure, a popular NFT marketplace on Arbitrum, was attacked via an exploit that let a blackhat scoop up dozens of listed NFTs for free. Fortunately, most of the NFTs have since been recovered.
  • The SEC is taking a closer look at the NFT ecosystem for potential securities violations.

🏆 Digital Collectibles

  • KPMG Canada acquired an NFT from the World of Women collection:
  • Josie Bellini launched the CyberBrokers collectibles ecosystem. (Full disclosure: I received some free claims as a tip for writing work I did for the project a year ago!)

🎨 Cryptoart

  • Alotta Money, a cryptoartist pioneer, passed away this week. He was an incredible soul who brought joy to everyone he crossed paths with. He will be sorely missed by many 💔

🎮 NFT Games

  • Axie Infinity published a sneak peek of Origin’s back cards.
  • Pixelmon was billed by its creators as the next big NFT game. Instead, the collection’s debacle launch just became the latest case study regarding how not to release an NFT project.

💽 Music

  • Async Music showcased PHONONS, a piece composed by KOR3 that is the final curation in Async Music’s Class Collection.
  • Jonathan Mann gave Pixelmon’s already infamous “Kevin” NFT a fitting theme song:

🌐 Virtual Worlds

  • Arca NFT Fund acquired two Axie Infinity Genesis Land plots:
  • Cryptovoxels is tracking tribute events in honor of Alotta Money in the coming days:

💎 DeFi x NFTs

  • Abacus, an NFT valuation project, published its ABC tokenomics details.
  • The Scalara NFT Index is now live:
  • MetaPortal just unveiled the $GAME NFT gaming index.
  • The Idols, a collection whose NFTs are backed by Lido staked ETH, is going live tomorrow:

Action steps

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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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