NFT Review 42 - NFTs COULD go mainstream? 😯
NFT Review 42 - NFTs COULD go mainstream? 😯
First fashion week in the metaverse, Ronin hacked for $600m, OpenSea to support Solana NFTs, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Dear NFT enthusiast,
This week, Deutsche Bank, one of the leading financial service providers, released a report in which it stated that “NFTs could go mainstream with Instagram’s planned support.”
Three months ago, we would have been delighted at this news, seeing it as validation of our early support. But things change fast. NFTs COULD go mainstream is a misrepresentation of reality. I mean, what needs to happen for a technology to be considered mainstream?
This past week, Dolce and Gabbana in collaboration with other top fashion brands hosted the first-ever fashion week in the metaverse. Visa launched a program to help creatives build their businesses with NFTs. Citi, a multinational investment bank and financial services corporation, released a report in which it predicted that the metaverse economy will be as large as $13 trillion by 2030.
With these reports, how can anyone say that NFTs could go mainstream? COULD? In our opinion, NFTs are already mainstream! There is simply no turning back now. Artists, banks, brands, celebrities, companies, and governments have embraced NFTs and or the metaverse.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
An official Twitter account has been created for the Skybreach metaverse.
New details have been revealed for RMRK’s Moonglade collection:
Bit.Country released a new Dev and Metaverse update for April.
MetaDojo released a sneak preview of its headquarters in the metaverse and announced a metaverse treasure hunt starting in April.
Unique Network announced Re-fungible Tokens (NFTs that become fungible again).
Enjin’s content strategist was interviewed by Finder to talk about the Efinity vision.
🗞 NFT News from Ethereum and Beyond
Citi sees the metaverse economy as large as $13 trillion by 2030.
Axie Infinity Delays Ethereum NFT Game Upgrade After $622M Hack. Meanwhile, Ronin replaced the compromised validators and plans to ‘bolster’ security after $600 million hack.
Visa launched a program to help creatives build their businesses with NFTs.
OpenSea closing in on support for Solana NFTs. The marketplace also rolled out credit card payments for NFTs.
Decentraland Fashion Week arrived:
The Pudgy Penguins NFT collection was sold to LA-based entrepreneur Luca Netz in a 750 ETH deal.
Dank Bank, a new NFT marketplace, has raised $4,206,900 to tokenize the internet’s most famous memes.
Twitch co-founder’s gaming NFT marketplace raises $35M.
A ticket tool on Discord was briefly compromised and caught by the BAYC team in early asian hours on friday. It also affected other NFT projects.
Nate Chastain, the OpenSea exec who quit after the ‘insider trading’ scandal, is back with Oval, a new NFT platform.
DeFiance Capital and Delphi Digital co-lead a $6M round for the Crypto Raiders NFT game.
Jeff Koons, the world’s most expensive living artist, has announced his first foray into NFTs–a new collection of physical sculptures, each with a corresponding digital trinket.
Animoca Brands and Ubisoft invest in a $12M round for blockchain game ‘Cross the Ages'.
Grimes announces ‘Children’s Metaverse Book’ as part of $100M Avalanche initiative.
Ukraine launches ‘NFT museum’ to raise funds and remember.
An NFT of Nelson Mandela’s arrest warrant raised $130,000.
China's biggest messaging app WeChat suspends NFT accounts.
Crypto-skeptic gamers review bomb Storybook Brawl after FTX buys it.
Digital asset sporting project Chiliz launches public testnet for its new layer-1 blockchain.
Following the announcement that Rio de Janeiro will officially start accepting Bitcoin (BTC) payments for taxes, the city also plans to involve NFT-based governance policies across various markets including arts, culture and tourism.
Messi joins blockchain fan token platform Socios as brand ambassador.
Gem introduced Safety Mode to prevent losing money from failed transactions.
LooksRare lets you mint your own NFTs now via Manifold Studio.
Mirror launched the second version of its NFT Editions feature.
Objkt, a Tezos NFT marketplace, added floor offers.
Rarible created a custom marketplace for the Meta Angels NFT community.
Upshot, an NFT appraisal protocol, raised $22M.
V1 CryptoPunk #7458 resold for 160 ETH.
Madonna joined the Bored Ape Yacht Club courtesy of MoonPay.
Yuga Labs, the creators of BAYC, raised $450M in new funding.
There is growing chatter of a merger between CrypToadz + Nouns DAO. Only time will tell.
OKPC, an “expanding art gallery” project, began its early bird mints.
Axie Infinity published an update on how it’s approaching decentralization and the community treasury.
Sound is kicking off Season 2 next week after onboarding 68 artists during Season 1.
Coopahtroopa.eth published This Week in Music NFTs - March 21st.
Cryptovoxels is lowering its max parcel building distance to 25m outside of the parcel.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!