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FTX NFTs 😐 – by William M. Peaster

November 4, 2023
in Metaverse
Reading Time: 12 mins read
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Metaversal is a Bankless e-newsletter for weekly level-ups on NFTs, digital worlds, & extra!

Expensive Bankless Nation,

Now that Sam Bankman-Fried was simply discovered responsible on 7 completely different counts, I’ve been doing a little reflecting on the FTX saga. 

One factor I maintain coming again to is the shuttering of the FTX NFT platform, which relied on a non-public server so now all its NFTs have damaged metadata. Yikes. 

After all, the episode’s so instructive as a result of it’s a current high-profile instance of how personal servers are the worst technique to underpin NFTs so far as longevity is anxious. 

But to make sure not all the pieces needs to be totally onchain. Subsequent week I’ll be doing a write-up on the fundamentals of bespoke storage networks like IPFS, Arweave, and Filecoin, so maintain an eye fixed out for that. 

Within the meantime have an important weekend everybody and thanks for studying. Now right here’s your newest weekly NFT roundup! ✌️

-WMP

🙏 Sponsor: Kraken — Kraken NFT is constructed for safe NFT buying and selling ✨

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

🏹 Settle, Hunt, Declare, Repeat.

Be extra bankless and change into a Bankless Citizen immediately!

Improve now

Did you catch my write-up on cross-chain NFTs earlier this week? Then you definately bear in mind Holograph, which is understood for its “holographic asset” hNFTs. If you happen to’re fascinated by cross-chain NFTs however have by no means minted one earlier than, you may contemplate the present free drop on Holograph, Neglect About Time by Clara Luzian a.ok.a. Renderfruit. 

On the time of publishing there’s nonetheless slightly below a day left to mint, and because it’s an hNFT you possibly can accumulate on Ethereum, Polygon, Optimism, Arbitrum, Zora Community, Mantle, BNB Chain, or Avalanche. Your choose!

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 ✏️

Need to examine if a selected NFT assortment shops its NFT artwork and metadata onchain? 

There aren’t any complete sources towards this finish, however there are a handful of superior repositories — some actively rising, some not maintained — that do present nice foundations for cross-checking. Preserve these databases in your radar going ahead accordingly:

1⃣️ 0xchain.artwork

2️⃣ fullyonchain.artwork

3⃣️ onchainchecker.xyz

4⃣️ jpg.area/canons/onchain

A Bankless Citizen ⚑ turned $264 into $6,077 final 12 months. A 22x ROI 🚀 in a bear market!

Degree Up

Kraken NFT is likely one of the most safe, easy-to-use and dynamic marketplaces accessible. Energetic and new collectors alike profit from zero fuel charges, multi-chain entry, cost flexibility with fiat or 200+ cryptocurrencies, and built-in rarity rankings. Study extra at Kraken.com/nft

👉 Go to Kraken.com to be taught extra and open an account immediately.

Not monetary or tax recommendation. This article is strictly academic and isn’t funding recommendation or a solicitation to purchase or promote any belongings or to make any monetary choices. This article just isn’t tax recommendation. Speak to your accountant. Do your individual analysis.

Disclosure. From time-to-time I could add hyperlinks on this e-newsletter to merchandise I exploit. I could obtain fee for those who make a purchase order via one in all these hyperlinks. Moreover, the Bankless writers maintain crypto belongings. See our funding disclosures right here.



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Tags: FTXNFTsPeasterWilliam
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