NFT Review 47 - Markets are down, you’re not
Skybreach site is live, Madonna x Beeple NFT, NFTs coming to Instagram, 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,
It has been a wild few days in Cryptoland, so much so that this newsletter finds it vital to talk about it in the intro as opposed to NFTs. Many people have seen most of their funds wiped out by the UST/LUNA situation.
Unless you are exposed to UST/LUNA directly, it is important to remember that the markets are down but you are not! Understand this deeply.
If you have ‘faith’ in the projects you’re holding, then the sensible thing to do is to remain calm and take a break if you need to, do something away from markets and crypto, get out in nature. For perspective, even the stock market is down.
That said, this is not investment advice. Our main goal is to help you stay calm in the storm. We are all in this down market together and we trust that there will be new opportunities just over the bleak horizon.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
The Skybreach site is live.
Learn more about Skybreach’s land decay mechanism in this short video.
Listen to RMRK Roundtable 8 to hear from some of the cool artists and projects on Singular.
The public referendum to grant $RMRK sufficiency on Statemine passed.
RMRK founder Bruno Škvorc posted a supermegathread on his bullish thesis on Polkadot.
Bit.country has released a new version of its testnet.
🗞 NFT News from Ethereum and Beyond
Pop icon, Madonna, partnered with Beeple to release an NFT collection depicting a nude Madonna.
Azuki collection founder went under fire this week following some revelations.
Dapper Labs unveils $725M fund to support Flow ecosystem, further adding that Instagram will support Flow NFTs.
Apparently, Meta will test digital collectibles on Instagram starting this week.
Ready Games will help developers upgrade their games to Web3.
Theta Labs to help Sony launch 3D NFTs compatible with Spatial Reality Display.
OpenSea's Discord server was hacked. Users have been warned to be vigilant of phishing scams.
Louis Vuitton makes its mark in the NFT gaming scene.
Coinbase NFT is now open to everyone.
Kraken is launching Kraken NFT.
Starbucks plans to release NFTs that offer unique customer experiences later this year.
Yuga Labs asserted that “ApeCoin will need to migrate to its own chain in order to properly scale.”
Zora Labs, the builders of Zora, raised $50M in a new funding round.
Azuki kicked off the BEANZ reveal.
Moonbirds is launching public profiles next week.
Takashi Murakami launched his Murakami.Flowers collection.
Cool Cats introduced a new UI for Cooltopia.
Doodles welcomed Julian Holguin, previously the President of Billboard, as its new CEO.
Forgotten Runes Wizard’s Cult published an epic new trailer.
Ancient8 Research, a new GameFi research portal, just launched.
Axie Infinity published an overview of its progress on land staking.
Illuvium is conducting its first NFT land sale in June 2022.
Coopahtroopa.eth published This Week in Music NFTs - May 1st.
RAC kicked off a token-gated guild via Guild, an NFT membership management project.
Yuga Labs refunded ETH to everyone whose transactions failed during the Otherdeeds mint event.
Webaverse appeared on the Delphi Digital podcast this week.
Cryptovoxels rebranded to Voxels.
Decentraland published a Decentraland Security Update.
Deadfellaz invested in Syndicate, a web3 investment infrastructure project.
Drops DAO, an NFT lending project, arrived on mainnet.
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!