# Your NFT edge *Author: William M. Peaster* *Published: May 6, 2022* *Source: https://www.bankless.com/your-nft-edge* --- ## Dear Bankless Nation, Your NFT edge is doing your homework. What I mean is that earlier this week traditional news outlets reported the NFT market was collapsing thanks to very incomplete data from a single NFT analytics service. Turns out if you check the chain, it’s clear the NFT market is teeming lately and even setting new activity records here and there. > [](https://twitter.com/tomhschmidt/status/1522036120808210433) So no, the NFT collapse isn’t upon us. But the inertia from the initial reporting is still spreading out through meatspace and many people won’t see the story has already been debunked. That’s your edge, then. While many people in the mainstream are still writing off NFTs because they don’t understand them or know how to, you’ve a head start because *you do* understand the basics. You’ve searched [Dune Analytics](https://dune.com/browse/dashboards) before. You know how to dig in, as it were. There are many arbitrages and opportunities to be made in that gap between us and the mainstream. The gap is closing by the day as NFTs continue to take over the world, so keep doing your homework here and making the most of it while you can. In the meantime, have a great weekend ✌️ -WMP --- ## 🛒 NFT News & Platforms - **Coinbase NFT **is now [open to everyone](https://twitter.com/Coinbase_NFT/status/1522651333051912192). - **Kraken** is launching Kraken NFT: > [](https://twitter.com/krakenfx/status/1521483576583274497) - **Starbucks** plans to release NFTs that offer [unique customer experiences](https://twitter.com/TechCrunch/status/1521865951699943424) later this year. - **Yuga Labs **asserted that “[ApeCoin will need to migrate to its own chain in order to properly scale](https://twitter.com/yugalabs/status/1520612362986078208?s=21&t=7HcZiHunRE5W2YhGlbO2YA).” - **Zora Labs**, the builders of Zora, [raised $50M](https://techcrunch.com/2022/05/05/haun-ventures-leads-50m-round-in-nft-startup-zora-labs/) in a new funding round. ## 🏆 Digital Collectibles - **Azuki **kicked off the BEANZ reveal: > [](https://twitter.com/AzukiOfficial/status/1522292172074090496) - **Moonbirds **is launching [public profiles](https://twitter.com/moonbirds/status/1522616105843318784) next week. - **Takashi Murakami **launched his [Murakami.Flowers collection](https://opensea.io/collection/murakami-flowers-2022-official). - **Cool Cats** introduced a [new UI for Cooltopia](https://twitter.com/xtremetom/status/1520469697317191684). - **Doodles **welcomed [Julian Holguin](https://twitter.com/doodles/status/1522603975987580929), previously the President of Billboard, as its new CEO. - **Forgotten Runes Wizard’s Cult** published an epic new trailer: > [](https://twitter.com/forgottenrunes/status/1521842176589660162) ## 🎨 NFT art - **Fingerprints**, a blockchain art collector group, just [celebrated its 1st birthday](https://twitter.com/FingerprintsDAO/status/1521527185063956480) and interviewed OG blockchain artist and NFTer [Rhea Myers](https://twitter.com/FingerprintsDAO/status/1522584514349907971). - **Sofia Crespo** released *Chimerical Stories* on BrainDrops: > [](https://twitter.com/braindrops_art/status/1521492502376767490) - **0xphiiil **released *Zupermat *on Art Blocks earlier today: > [](https://twitter.com/0xphiiil/status/1520826137345241088) ## 🎮 NFT Gaming - **Ancient8 Research**, a new GameFi research portal, [just launched](https://twitter.com/howardx30/status/1520179153353379841). - **Axie Infinity **published an overview of its progress on [land staking](https://axie.substack.com/p/axie-land-staking?s=w). - **Illuvium **is conducting its [first NFT land sale](https://illuvium.medium.com/45-land-sale-commences-june-2nd-84f0ed62359c) in June 2022. ## 💽 Music - **Coopahtroopa.eth** published [This Week in Music NFTs - May 1st](https://thisweekinmusicnfts.substack.com/p/this-week-in-music-nfts-may-1?s=r)**.** - **RAC **kicked off a token-gated guild via Guild, an NFT membership management project: > [](https://twitter.com/guildxyz/status/1519353133738172416) ## 🌐 Virtual Worlds - **Yuga Labs **refunded ETH to everyone [whose transactions failed](https://twitter.com/yugalabs/status/1521907133486411776) during the Otherdeeds mint event. - **Webaverse **appeared on [the Delphi Digital podcast](https://members.delphidigital.io/media/webaverse-pioneering-an-immersive-open-source-metaverse-enabling-community-built-worlds) this week. - **Cryptovoxels **rebranded to [Voxels](https://twitter.com/cryptovoxels/status/1521680674985447424). - **Decentraland **published a [Decentraland Security Update](https://decentraland.org/blog/announcements/decentraland-security-update/). ## 💎 DeFi x NFTs - **Deadfellaz **invested [in Syndicate](https://twitter.com/Deadfellaz/status/1521640665137881089), a web3 investment infrastructure project. - **Drops DAO**, an NFT lending project, [arrived on mainnet](https://dropsnft.medium.com/the-drops-dao-mainnet-is-live-8859da17fc99). --- ### **Action steps** - 🚨 Have you used Hop Protocol to bridge funds for trying out L2 NFTs? See if you’re eligible for the **[newly announced HOP airdrop](https://bankless.ghost.io/-alpha-alert-hop-protocol-airdrop/)**.  - 📺 Watch **[Overpriced JPEGs Recap #22](https://jpegs.banklesshq.com/p/yuga-labs-otherside-land-sale-disaster?s=w)** - 📺 Watch **[Ethereum’s Hollywood Moment with Camila Russo](https://bankless.ghost.io/ethereums-hollywood-moment-camila?s=w)** on Bankless - 🧐 Read my other Bankless and Metaversal write-ups from this week:  **[5 tips to spot the next big NFT](https://bankless.ghost.io/5-tips-to-spot-the-next-big-nft/)** - **[NFT lending](https://bankless.ghost.io/nft-lending-?s=w)**  - **[Hot and Cold NFTs](https://bankless.ghost.io/hot-and-cold-nfts?s=w)** --- *\* Bankless team holds crypto assets and advise crypto projects. [Syndicate](https://www.bankless.com/syndicate) is included in our disclosures. See our complete investment disclosures [here](https://www.bankless.com/disclosures)*