Dear HackerNoon Nation, Anecdotally speaking, it seems like many NFT power users escaped direct exposure to FTX’s collapse. Why’s that? https://twitter.com/udiWertheimer/status/1593198518541369346?s=20&t=MaO9-MRVIihUG9SDWk376A?embedable=true Well, a lot of people doubled down on crypto in the past couple of years NFTs. through That matters because many of these same folks didn’t care about complex financial stuff like trading derivatives or trading with leverage on a centralized exchange — they just wanted to play around with digital items. That said, you need your wallet to trade on NFT marketplaces, so the recent NFT boom has served as a pipeline for immediately getting many people into their and other digital assets onchain and holding them in a CEX’s off-chain database. own self-custodying ETH not Of course, self-custody comes with significant responsibilities. Your keys, your crypto right — but the buck stops with you. We’ve seen the ugly side of this with all the stolen Bored Apes and so forth. Yet we can get better at educating and building guardrails here, and we will. In the meantime, it’s heartening to see there really is a new wave of settlers making their way around the onchain frontiers. That’s worth applauding. As for the task at hand, let’s now get caught up on the major headlines of the week. Thanks for reading everyone ✌️ 📣 General NFT News introduced : Bankless Bankless Collectibles https://twitter.com/BanklessHQ/status/1593368638089838592?s=20&t=mQl5dK0E6GSY3Qlhfqhtvw?embedable=true , the marketplace aggregator, announced plans to creator royalties. Blur enforce and incentivize , which will oversee the Nouns builder ecosystem, is : Builder DAO now live , the wallet discovery service , exited its beta and is now open to anyone with an Ethereum address. Daylight I recently covered , an Ethereum file system for on-chain assets, deployed to mainnet. EthFS launched , an on-chain organization management suite. Flipside Crypto Badger announced plans to enforce royalties on . X2Y2 all NFT collections 🏆 Digital Collectibles trading activity this week pushed the BAYC floor price for the first time since Dec. 2021. Bored Ape Yacht Club below 50Ξ wrote off 60% of the as a result of the FTX collapse. Wassies creator team’s treasury donated CryptoPunk #305 to the Institute of Contemporary Art in Miami as of the Punks Legacy Project. Yuga Labs the first initiative also , the NFT content company behind the 10KTF collection, and gained Beeple as an advisor as part of the deal. Yuga Labs acquired WENEW 🎨 Cryptoart , an NFT curation project, opened to everyone. Gallery sold out all 250 editions of its new . SuperRare RarePass: Genesis NFTs 🎮 Decentralized Gaming , a for the 2022 FIFA World Cup, is kicking off next week. Defifa pop-up NFT game , creator of the popular PlayStation consoles, filed a patent for an . Sony in-game NFT assets system 💽 Music NFTs had another full week of : Sound collectible music drops 🌐 Virtual Worlds unveiled , a platform for the athletic apparel giant’s virtual creations. Nike .SWOOSH launched its in Decentraland. NonFungible.com virtual HQ 💎 DeFi x NFTs introduced , new smart contracts that can efficiently aggregate NFT and ERC20 token swaps. Uniswap Permit2 and the Universal Router , an appraisal platform for NFT financial markets, . UpShot opened to the public Also published here. Author Bio is a professional writer and creator of —a Bankless newsletter focused on the emergence of NFTs in the cryptoeconomy. He’s also recently been contributing content to Bankless, JPG, and beyond! William M. Peaster Metaversal

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