FTX NFTs 😐 – by William M. Peaster

Metaversal is a Bankless newsletter for weekly level-ups on NFTs, virtual worlds, & more!

Dear Bankless Nation,

Now that Sam Bankman-Fried was just found guilty on 7 different counts, I’ve been doing some reflecting on the FTX saga. 

One thing I keep coming back to is the shuttering of the FTX NFT platform, which relied on a private server so now all its NFTs have broken metadata. Yikes. 

Of course, the episode’s so instructive because it’s a recent high-profile example of how private servers are the worst way to underpin NFTs as far as longevity is concerned. 

Yet to be sure not everything has to be fully onchain. Next week I’ll be doing a write-up on the basics of bespoke storage networks like IPFS, Arweave, and Filecoin, so keep an eye out for that. 

In the meantime have a great weekend everyone and thanks for reading. Now here’s your latest weekly NFT roundup! ✌️


🙏 Sponsor: Kraken Kraken NFT is built for secure NFT trading

Over the past week, the floor-based market cap of the NFT space stayed steady at 5.1 million ETH for a 0% 7-day change ⭕

🏹 Settle, Hunt, Claim, Repeat.

Be more bankless and become a Bankless Citizen today!

Upgrade now

Did you catch my write-up on cross-chain NFTs earlier this week? Then you remember Holograph, which is known for its “holographic asset” hNFTs. If you’re interested in cross-chain NFTs but have never minted one before, you might consider the current free drop on Holograph, Forget About Time by Clara Luzian a.k.a. Renderfruit

At the time of publishing there’s still just under a day left to mint, and since it’s an hNFT you can collect on Ethereum, Polygon, Optimism, Arbitrum, Zora Network, Mantle, BNB Chain, or Avalanche. Your pick!

1. Alchemy on ERC-6900 🧠

2. Clara on collector motivations 🧐

3. ilemi on Solana NFTs 🟣

4. S4mmy.eth on digital stamps 📬

5. WASD on Drawtech ✏️

Want to check if a particular NFT collection stores its NFT art and metadata onchain? 

There aren’t any comprehensive resources toward this end, but there are a handful of awesome repositories — some actively growing, some no longer maintained — that do provide great foundations for cross-checking. Keep these databases on your radar going forward accordingly:

1⃣️ 0xchain.art

2️⃣ fullyonchain.art

3⃣️ onchainchecker.xyz

4⃣️ jpg.space/canons/onchain

A Bankless Citizen ⚑ turned $264 into $6,077 last year. A 22x ROI 🚀 in a bear market!

Level Up

Kraken NFT is one of the most secure, easy-to-use and dynamic marketplaces available. Active and new collectors alike benefit from zero gas fees, multi-chain access, payment flexibility with fiat or 200+ cryptocurrencies, and built-in rarity rankings. Learn more at Kraken.com/nft

👉 Visit Kraken.com to learn more and open an account today.

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

Stay in the Loop

Get the daily email from CryptoNews that makes reading the news actually enjoyable. Join our mailing list to stay in the loop to stay informed, for free.

Latest stories

- Advertisement - spot_img

You might also like...