NFT Library Issue - #44

Welcome to Turkey's first and only NFT Newsletter!

May 25, 2022

Weekly NFT News

- E-commerce giant eBay has officially announced its NFT collection. The NFT collection features moves by ice hockey legend Wayne Gretzky.

- Famous game store GameStop has released beta version of crypto and NFT wallet.

- Netflix's popular series Love, Death & Robots, with its 3rd season, shared 9 NFTs with the concept of treasure hunt.

- The first two songs of Steve Aoki and Snoop Dogg's EP titled 'Alpha Doggz', Super Freak and Holy Grail, have been airdropped as NFT to Snoop Stashbox and A0K1VERSE Passport NFT owners.

- The Sandbox and the famous music group Jamiroquai have announced that they have formed a partnership.

Collection Corner

The guest of Collection Corner this week is Degen Toonz, one of the successful NFT collections of 2022. The newcomer brand appeared on the Ethereum network in February, and within a week the collection managed to climb to the top of Opensea by selling a lot.

Featuring the wildly popular PFP series with 8,888 unique animated cat designs, Degen Toonz has become a project that has garnered support from various celebrities and their NFTs, as well as the great Morgan David, CEO of Pavia Corp.

Degen Toonz emerges as an NFT collection that has gained contention thanks to its Loony Toons-style characters.

You can click here to view the pieces of the Degen Toonz collection.

Unique NFT Dictionary

Degen:

It is an abbreviation of the word “Degenerate”. Degen trading is when a trader trades with signals and FOMO without doing the necessary research. A Degen trader doesn't know and usually doesn't care about metrics like FDV or TVL. They will only buy an NFT because it looks cute, because they like its slogan, or because the "shill" comments of some famous internet influencer get a lot of likes. Essentially, the Degen trader buys an asset not because he sees it as valuable, but because he believes others will join the trend after them and speculate about price fluctuations.

NFT Platform Review: Metavest

Metavest is a crypto - neobank application that provides tools in the traditional finance system over crypto. The application, which will initially include fixed-income investment options, aims to offer additional features such as barter, social indexes and cards to its users in its first year. The team, which is close to 20 people in 4 months, specializes in crypto, financial software and blockchain, and blends their experience in world-renowned companies such as Coinbase, Consensys, JPMorgan, KPMG in Metavest.

The team has created a waiting list for the private beta version that they won't be releasing anytime soon. Waiting also states that they want to airdrop the platform's token MVST to those who invite their listmates.

Those who own the platform token have new investment opportunities and higher returns within the application. They also increase the chance of NFT airdrop. Since the team also wants to store the value in the token, they also receive their investments in the token. It creates a deflative effect on the token supply by using the token buy back & burn model for 40% of all its revenues.

They believe in the future of Metaverse and are also working on features that will facilitate the trading of NFT differences in Metaverse. They think that different financial models will emerge thanks to the capability of NFTs and they talk about the systems they are working on.

You can click here to learn more about Metavest.