The NFT Groundswell 🥳

Metaversal, a Bankless newsletter by William M. Peaster, argues that despite a bear market for NFTs, creative experimentation is laying the foundations of future NFT developments. The newsletter reports that the floor-based market cap of the NFT space rose from 7.54 million ETH to 8.55 million ETH over the past week, a 13.4% increase. It also lists weekly news, including Nate Chastain being sentenced to three months in prison over the OpenSea insider trading case and Farcaster announcing plans to move to Optimism. The Museum of Crypto Art is raising operational funds through an open edition mosaic priced at 0.0142069 ETH, with over 700 cryptoartists contributing.