# Are NFTs Back? 😃 By [William M. Peaster](https://paragraph.com/@wmp-2) · 2023-10-27 --- **✨** [**_This post originally appeared in Metaversal on Bankless_**](https://bankless.cc/3MkEaW9) **✨** * * * **It looks like daily NFT trading volume is** [**on the mend**](https://twitter.com/Tyler_Did_It/status/1717865896188776919)**.** **Is the latest bear market ending? That remains to be seen, though the signs of life we’ve had in recent days have been encouraging.** **Honestly, my gut tells me we’re not out of the woods yet. But even so, that’ll just give us more time to create and experiment and learn ahead of the next great NFT surge.** **In the meantime, have a great weekend and thanks for reading everyone. Time for the weekly roundup! ✌️** **\-WMP** * * * **Gm Stats** ------------ ### **📊 The big picture** > Over the past week, the floor-based market cap of the NFT space declined from 5.3 million ETH to [5.1 million ETH](https://app.nftvaluations.com/) for a 3.77% drop ⤵️ ### **🔝 7D top collections by volume** ![](https://storage.googleapis.com/papyrus_images/1aee8b0f60f32f6b4f018a2bcd6e678f47ce0e733b83c24d7b95d5bff581bb16.png) * * * NFT News -------- ### **📰 General news** * **Frame**, an NFT L2, chose [Arbitrum for its tech stack](https://twitter.com/frame_xyz/status/1716529884816900563). * **mint.fun** introduced [mint referral rewards](https://twitter.com/mintdotfun/status/1717207217437581794). * **OpenSea** unveiled [Shipyard](https://twitter.com/opensea/status/1716904523007185380), a set of smart contracts for NFT creators. * **Paragraph** added [support for Zora Network](https://twitter.com/paragraph_xyz/status/1716537920411304004). * **PoolTogether** launched an open edition drop to [commemorate its v5 release](https://twitter.com/PoolTogether_/status/1716431218093199869). * **Zora** launched [mint referral rewards for Zora embeds](https://twitter.com/ourZORA/status/1716890678989660300?s=20). ### **🏆 Digital collectibles** * **Blitmap** rolled out its [Fragments of the Machine comic book](https://twitter.com/supdotxyz/status/1717224455183773732) in stores. * **Yuga Labs** won its court case [against Ryder Ripps et al](https://twitter.com/NeerMcD/status/1717634980002582902). ### **🎨 Cryptoart & music** * **Async Art** is [winding down operations](https://twitter.com/AsyncArt/status/1716491990219768199). * **Folia** announced [Coordinates](https://twitter.com/foliafoliafolia/status/1717241329728606271?s=20), a new cryptoart series by Travess Smalley. * **Sound** launched the ability to [gift songs](https://twitter.com/soundxyz_/status/1716478637669802058?s=20). ### **🎮 Decentralized gaming** * **Gaul** is hosting a [public playtest next week](https://twitter.com/engine_study/status/1717951282269622713). * **Sky Smash** integrated [Axie Experience Points (AXP)](https://twitter.com/AxieInfinity/status/1717924122443882712). ### **🌐 Virtual worlds** * **Flamingo DAO** unveiled a [dedicated museum in Hyperfy](https://twitter.com/untitledxyz_/status/1717199174939095170). ### **🪙 NFTfi** * **Arcade** announced [ArcadeDAO and the ARCD token](https://twitter.com/Arcade_xyz/status/1717190623533379752). * **0xmons** introduced [sudoshort](https://twitter.com/0xmons/status/1716550757632094532), a protocol built on sudoswap that allows shorting NFTs. * * * **Fresh Mint** -------------- > 🎆 **Mint spotlight:** [**Prize Printer**](https://zora.co/collect/oeth:0x9f775588d77821055ef4ecf8d126a5fce0c57b56/1?referrer=0x08cEb8Bba685ee708C9c4c65576837cbE19B9dea) > > PoolTogether, the no-loss prize savings game, just [launched its v5 protocol](https://twitter.com/PoolTogether_/status/1715040824701178277). The new release comes with an array of updates, including more assets and a simpler prize flow. If you’ve got any idle DAI, USDC, or WETH around, you can put them into action on the new [cabana.fi](https://cabana.fi/) website, and if you want to support and commemorate the release, PoolTogether’s just dropped [Prize Printer](https://zora.co/collect/oeth:0x9f775588d77821055ef4ecf8d126a5fce0c57b56/1?referrer=0x08cEb8Bba685ee708C9c4c65576837cbE19B9dea) as the first in a series of v5-themed NFTs. ![](https://storage.googleapis.com/papyrus_images/827d3ca9dc5d4756d1fbe90bdc7b1970fdc8e76816e7bd300da75dbcfcc40d6e.png) * * * **Alpha Reads** --------------- ### **🙇 Insights to level up your web3 knowledge!** > 1\. **cygaar** on [data availability](https://twitter.com/0xCygaar/status/1716459787595272322?s=20) 📊 > > 2\. **Vasa** on [Privy wallets](https://twitter.com/vasa_develop/status/1717635113276588526) 👛 > > 3\. **WASD** on [WASD Guild](https://twitter.com/WASD_0x/status/1716886517476631024?s=20) 👾 * * * **Tool Tip** ------------ > **✨ My NFT tool of the week:** [**Juicecrowd**](https://www.juicecrowd.gg/) > > Developed on and by the creators of [Juicebox](https://www.bankless.com/crypto-treasury-management-juicebox), Juicecrowd is a new app designed to facilitate crowdfunding campaigns on Ethereum. It operates in "Crowds," which are small cohorts, each accepting up to 10 projects that then receive support and guidance in addition to raised funds. Think Gitcoin + an accelerator. If this sounds cool to you, take note because Juicecrowd's first cohort, JC01, is [now accepting submissions](https://www.juicecrowd.gg/crowds) through Nov. 1st, 2023, for early-stage web3 projects actively seeking funding! ![](https://storage.googleapis.com/papyrus_images/a1712c65f9673534affdea791a5b949135f20f70030692d8b968b2a2bd2c9ca2.jpg) * * * **Market Meme** --------------- ### **😜 Get ready for the next wave now…** ![](https://storage.googleapis.com/papyrus_images/ee222e8e687da2ab5c6b64601e2b8585a89fac900c0cfabfd4ddb7b4dee2bfe5.png) * * * ### P.S. Weekend quests * 🧃 Explore [**Juicecrowd**](https://www.juicecrowd.gg/) and [**PoolTogether v5**](https://pooltogether.mirror.xyz/CBvKNusRaaLJUSFH9ZQHureadrOF7eE7r6QsgqP2Oc8) * 📚 Collect this week’s [**Metaversal posts on Mirror**](https://mirror.xyz/wmp.eth) * 🆕 Catch up on my latest write-ups: * **📦** [**RWAs and NFTs**](https://metaversal.banklesshq.com/p/rwas-nfts) * **🔗** [**Understanding Onchain NFTs**](https://metaversal.banklesshq.com/p/onchain-nfts) * **🎮** [**Bull Market Character Classes: Expansion Pack**](https://www.bankless.com/expansion-pack-character-classes-crypto-level-ups) --- *Originally published on [William M. Peaster](https://paragraph.com/@wmp-2/are-nfts-back)*