NFT Review 46 - Otherdeeds burn 175m in gas 🤯
NFT Review 46 - Otherdeeds burn 175m in gas 🤯
Vote to make RMRK sufficient, Ukraine launch NFT website, Goldman Sachs exploring 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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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
Last week, ETH burning spiked to a new all-time-high on the back of Yuga Labs’ Otherdeeds NFT sale. Heavily anticipated prior to launch, the sale burned up 55,816 ETH (~$157m). That’s a gobsmacking amount to pay for gas.
In response to the prevailing negative sentiments after the sale, Yuga Labs hinted at their own chain, or at least, a move away from the Ethereum mainnet. Anything to reduce the cost is a good move. With wealth inequality rampant, it seems unethical to burn up so much value when it can be done for less.
Following the sale, a metaverse map was released featuring 100k lands rendered in interactive 3D. The experience is pretty smooth. It is interesting to see how it develops from here on out.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
The proposal to make $RMRK sufficient is now up for community vote as Referendum 193.
Watch RMRK NFTs as Games on Kusama to see what creators are doing with RMRK’s NFT composability.
Bruno Škvorc was on The Defiant to talk about RMRK and how it provides the essential tools for a truly decentralized metaverse.
Listen to the 7th episode of RMRK Roundtable which focused on securing NFTs.
The Moonglade collection trees have been revealed and they look beautiful:
Some information about the Bit.Country metaverse testnet is available here.
Watch Polkadot Web3 Talks on Taking the Metaverse from Science Fiction with Bit.Country, Unique Network, and RMRK.
Unique Network announced two new products–UniqueScan and UniqueMinter.
DonnieBigBags posted an update on what the Exosama x Moonsama team has been building.
🗞 NFT News from Ethereum and Beyond
ApeCoin integrates with Polygon amid NFT mint backlash and speculation.
The NFT sector is projected to move around $800 billion over the next 2 years: Report.
Chess.com launched an NFT marketplace.
Chinese court rules marketplace guilty of minting NFTs from stolen artwork.
STEPN impersonators stealing users' seed phrases, warn security experts.
SEC to add staff as it ramps up anti-crypto scam efforts.
Coinbase NFT marketplace beta sees less than 900 transactions in opening week.
Goldman Sachs says it is exploring the tokenization of real assets.
MoonPay is recruiting engineers for HyperMint, which is aimed at becoming “the Amazon Web Service of NFTs.”
Optimism, an Ethereum L2, unveiled a dual-token governance system that will involve soulbound NFTs.
Ukraine launched a website where people can donate and buy NFTs to help support the country’s defense.
Akutar refunded 863 ETH to Akutar Pass Holders who bid in the project’s botched Dutch Auction event.
Bored Ape Yacht Club’s Instagram was hacked.
Meebits are on the verge of receiving new utilities, per Yuga Labs co-founder Gordon Goner.
PILLS is conducting an airdrop to CrypToadz holders in the near future:
Axie Infinity started the final season of Axie Infinity: Classic.
Ronin published a post-mortem on the Ronin Bridge exploit.
VaynerSports signed NFT gamer and Loot Squad co-founder Brycent:
Yield Guild Games entered into a partnership with BreederDAO, a game asset production factory.
Coopahtroopa.eth published This Week in Music NFTs - April 25th and a Music NFT Landscape Q2 2022 update:
Cryptovoxels started what will likely be the last parcel listings for Venice Island.
Decentraland held a metaversal marathon in collaboration with Degree this week:
JPEG’d launched its NFT lending protocol.
Abracadabra.money introduced the AbraNFT peer-to-peer NFT lending market
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!