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- MapleStory partners Polygon to launch NFTs
MapleStory partners Polygon to launch NFTs
Nexon is the #1 gaming company in Korea
The Metadata
March 22, 2023
GM. Why did the CryptoPunk refuse to get a haircut? Because it didn't want to lose any of its pixel-perfect style!
We apologize for the joke. It's a rare dunk-on-the-punks day.
Today we cover:
Punks fall back. Machi gets dumped on again
MapleStory NFTs: the most exciting development in web3 gaming?
Magic Eden launches a Bitcoin NFT marketplace and other news
New Projects Corner
Market Update: Punks Fall Back
Well, we were pretty prescient. The pump on the wrapped CryptoPunks floor prices turned out to be price manipulation by whale traders β just doing their thing.
And guess who ended up holding the bag with 77 CryptoPunks dumped on him (worth $17M)..
Dam first BAYC got dumped on Machi now Cryptopunks
β Alexβ (@ShiLLin_ViLLian)
11:01 PM β’ Mar 20, 2023
MapleStory NFTs: Yay or Nay?
π² What to know: MapleStory is getting into NFTs, and in a big way. It is partnering with Polygon to launch its blockchain ecosystem (view the hot-off-the-press announcement here)
MapleStory is a 2D, cartoon MMORPG that gained popularity worldwide in the 2000s. Remember when all your friends were talking about it in the school canteen, or rushing home after school to meet and play?
MapleStory players are really committed β 50 million player accounts have 10+ years of activity. Even today, it has an estimated 300,000+ daily players.
βοΈ In the weeds: The COO of Nexon Korea, the company behind MapleStory, recently discussed talked about bringing the MapleStory Universe into a vast, permissionless blockchain ecosystem. Nexon is the #1 gaming company in Korea, with $2.9 billion in revenue in 2022. Yes, that's billion with a capital B.
If you want to get into the weeds on how it might affect gameplay, Apesian has a great thread:
The ecosystem will be built around four major components:
1. MapleStory N (RPG)
2. MOD N (MapleStory sandbox production system platform)
3. MapleStory N Mobile (Mobile RPG)
4. MapleStory N SDK (anyone can create apps using the NFTs to integrate into other aspects of life)β Apesian γ’γγΆ | NFTAsian.eth | based π―π΅ (@TheNFTAsian)
9:45 AM β’ Mar 13, 2023
In this open ecosystem (MapleStory N), Nexon will be one of many contributors, and profits will be shared among the community. New assets and character derivatives will be introduced, fostering sub-communities and engaging new markets. This user-generated content (UGC) approach enables MapleStory to expand much faster.
What we like is how Nexon is avoiding the "cash-grab" tendencies of many web2 companies entering web3 that often set them up for failure. Their business model will not be selling NFTs directly. In fact, it may close down its "Cash Shop" that sells in-game items. Rather, players can earn NFTs for free while Nexon generates fees from the in-game economy.
π€ Why it matters: The fusion of NFTs and gaming isn't an original concept. However the combination of MapleStory IP & nostalgia, ample financial resources, and the parent company's expertise as a game creator sets MapleStory Universe apart.
As the ecosystem grows with more games utilizing these assets and NFTs, the game economy could expand multifold. We could see Nexon trailblaze the path forward for Web3 gaming to succeed.
Today's News & Coolest Tweets
Magic Eden launches the first audited Bitcoin NFT marketplace with 70+ collections.
Seed Club Ventures comes out of stealth with $25M fund.
Pindar Van Arman's 1/1 ByteGans goes on auction at Sotheby's. Bids still accepted
π₯ Valhalla giving royalties to its sub-communities
In January, we began ideating on how we could support @valhalla's trait-based communities.
Today, projects offer little incentive beyond recognition for holders to contribute to the IP.
A thread on our thought process behind our recent Clans feature.
1/10
β Alex Lin (@notalexlin)
8:13 PM β’ Mar 20, 2023
π₯ NFTs are just "shitcoins with pictures"?
Blur fucked everything. Even CryptoPunks. Yesterday 72 ETH floor, today sales under 62 ETH. Over 20 million dollars in Blur bids on Punks. Non-Fungible is a myth to the market these days. NFTs are shitcoins with pictures. They were right about us.
β ANΒ°N (@ANoNakamoto)
9:12 PM β’ Mar 20, 2023
π₯ EVE online is one of the biggest MMORPGs. New game in development with a16z funding
We're excited to announce that we have secured $40M financing, led by @a16z, to create a new AAA game within the EVE Universe utilizing blockchain technology.
Learn more here: projectawakening.io
β CCP Games (@CCPGames)
2:05 PM β’ Mar 21, 2023
π₯ 80%+ of "blue-chip" PFP trades have been selling into bids
In the past week, 88% of Blur trades on Azuki have been sellers accepting bids. Most big projects are above 70%.
β NFTstatistics.eth (@punk9059)
5:45 PM β’ Mar 21, 2023
π₯ Game theory with Ordinals
The game theory w ordinals is so much fun.
Example: say you want to buy a piece from a collection that was minted between inscription #s 9,000 and 10,500.
Is it a sub-10k collection?
Sure.
If true, though, should floor prices be bifurcated bw those minted before #10,000... π§΅
β redphone βοΈπ§π»ββοΈ (@redphonecrypto)
1:57 AM β’ Mar 22, 2023
New Projects Corner
πΏ (Art) Conceptual AI art based on headlines
I just minted a FALT on @arsnlart. Bruce Willis was in the headlines, celebrating his 68th birthday, following a dementia diagnosis. It's painfully touching, the poetic way Versteeg's algorithm layered these images, mirroring the forgetting, remembering, & confusion of dementia𧡠http
β MattKane.eth π¨ (@MattKaneArtist)
1:09 AM β’ Mar 21, 2023
πΏ (Art) New generative AI art collection on April 22. Premint is available
π¨ MINT DETAILS π¨
Date: April 22, 2023 (Exact Time TBA)
Supply: 555
Whitelist Mint Price: 0.05 ETH
Public Mint Price: 0.06 ETHWhitelist is 90% Allocated
Check if you are whitelisted at oranda.aiWe have a few more spots to giveaway π
β Oranda (@OrandaAI)
4:40 AM β’ Mar 21, 2023
πΏ (PFP) Corntown meme collection on March 22
Tomorrow. Season II
4040 Locals. Public Mint. Free. One per Wallet.
First come, first serve.How to prepare for the mint? π§΅
β Corntown (@corntownwtf)
3:24 PM β’ Mar 21, 2023
That's it for today folks, see you tomorrow. If you want more, follow us on Twitter (@the_metadata). If you found this newsletter helpful, imagine how much your friends will love you if you forwarded it to them. Just sayin' π₯Ή
We're looking to improve the newsletter and make it as relevant as possible for you. If you have any feedback to share β please just reply to this email and let us know. Or even to just say 'Hi'.
Disclaimer: This newsletter is for educational purposes only. None of this is financial or investment advice. It is not a solicitation to buy or sell any assets. Minting and buying NFTs is risky. Please do your own research.