The NFT Skill Tree 🎯 – by William M. Peaster

The NFT Skill Tree 🎯 – by William M. Peaster

Metaversal is one Bankless newsletter for weekly levels on NFTs, virtual worlds and collectibles

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Dear Bankless Nation,

In some of my previous posts I’ve riffed on the idea of ​​the “NFT skill tree.”

Those are all the skill sets you can learn from progressing through all the main categories of NFT activity right now.

I thought it would be good to map out the branches of what a modern NFT skill tree might look like, so for today’s post I’ve come up with 21 main areas of interest developed from Alex Gedevani’s excellent NFT Vertical spreadsheets.

Can you max out your skill tree? You hardly need – even just to gain competence in half these branches will position you well as NFTs become more important in the coming years.

That being said, let’s go over what these 21 main skill branches are and some of the main projects you can explore in each of them!

-WMP

πŸ™ Sponsor: Sorare – Collect, Play, Win. Own your game.✨

NFT analysis resources provide easy-to-use interfaces for discovering actionable NFT insights, such as mispriced entries, and for understanding NFT activity flows, such as trading volume metrics.

  • Comparison of 24-hour, 7-day and 30-day base price statistics for large collections on Flipper

  • Set up custom mint alerts for your browser on icy tools

  • Reading the Lucky Listings UI to find mispriced NFTs on Lucky trader

  • Review a specific wallet’s history using the NFT Wallet Profiler on Nansen

  • Studying what specific NFT communities are collecting at any given time The Watchtower

Artist-focused platforms now form a large part of the NFT ecosystem. These projects provide infrastructure that makes it easier for artists to create and share their works with a growing global community of digital collectors.

NFT’s loan and lending protocols allow borrowers to get term loans against their NFTs while allowing lenders to earn returns or liquidated NFTs. At the intersection of DeFi and NFTs, this type of project has seen an explosion of interest in recent times.

  • Collateralization of an NFT for field loan offers on NFTfi

  • Deposit ETH into the reserve pool to earn returns on BendDAO

  • Makes a loan offer on Arcade or Sodium

Community Resources are projects that help streamline activities such as community discovery and community management.

  • Automation of member administration for your NFT community with The clan

  • Customize a community box on Juice box

  • Detecting the actions, such as votes or coins, your wallet can do via Daylight

  • Set up a token gated forum for your NFT community with Collective

  • Prepare an approval list on Premint

Content collectives are decentralized groups that coordinate creatively to spread a brand, story or narrative universe. Substantive DAO members, for example, vote on how the project’s treasury should be used to support “Nounish” branding efforts.

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Curator platforms and protocols helping artists, collectors, curators and casual users organize NFTs into galleries for events, grant work and more. By elevating NFTs beyond mere economic concerns, curation generates cultural value for NFTs.

  • Curate an exhibition of your favorite NFTs via Deca, Galleryor JPG (Disclosure: I contribute to JPG!)

Game projects in the NFT ecosystem uses NFTs to facilitate ownership of assets and in-game economies. Although the main goal of any game is to be fun, many NFT games also offer new play-to-earn opportunities.

Discovery projects making it easy for users to quickly discover notable NFT events or information. Getting a feel for these tools will help you better navigate the chain.

  • Create a domain name for your wallet with AGREED

  • Find trending mints with mint.fun

  • Make web3-friendly searches with Drifty

  • Track trending sales on Context

Show projects help NFT owners and exhibitors to showcase NFTs in physical environments.

Liquidity protocols helping NFT traders access decentralized liquid markets around otherwise illiquid NFTs.

  • Create a new liquidity pool on sudo swap

  • Exchanges like-type NFTs on NFTX

Marketplaces are online stores where people can buy and sell NFTs. Marketplaces can be stand-alone operations, such as Nifty Gateway, or aggregator platforms that enable trading across multiple NFT marketplaces simultaneously, such as Gem.

Metadata Storage Platforms provide streamlined user interfaces for creators and to maintain their NFT metadata on decentralized storage solutions such as Arweave, IPFS or Filecoin. Since the metadata of many NFT projects is maintained off-chain, the importance of long-term metadata security cannot be underestimated.

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Metaverse Projects in the NFT ecosystem uses NFTs to facilitate the ownership of virtual lands and assets in the world, thus bringing digital experiences to life.

Multiplayer crypto projects make it easy for groups of friends and/or strangers to own and use NFTs together.

Music NFT platforms helping musicians connect with fans in new ways via 1/1 or released collector’s music releases. This scene is really starting to blossom, which bodes well for the future of independent music!

  • Create your own song using your digital audio workstation (DAW) system Arpeggio

  • Develop custom playlists with Spin amp

  • Collecting compilation songs Catalog or Sound

NFTfia sector at the intersection of NFTs and DeFi, facilitating complex NFT-based financial services in a decentralized manner, such as on-chain NFT derivatives.

  • Create an NFT call option on Hook

  • Deposits WETH to the capital vault on MetaStreet

  • Generate a credit score on the chain via Spectral

Portfolio management projects helping NFT collectors create one-stop hubs to track their holdings, increasingly across multiple chains such as Ethereum, Arbitrum and Optimism.

Award projects is centered around helping NFT collectors and traders assess their holdings. The pricing scene is very early, but some promising efforts have begun to materialize.

Protection projects help NFT creators or owners ensure the security of their NFTs in the long term.

  • Backup the metadata of your NFTs off-chain with ClubNFT

  • Testing the quality of the NFT release in advance using StealthTest on nameless

Rental platforms help people rent out, or pay to rent, NFTs.

Wallet projects allow people to streamline the process of self-storage of their NFTs. Wallets can come in various forms, such as mobile apps or multi-signature vaults.

  • Create an NFT vault for long-term security with Secure

  • Setting up a burner wallet for free coin via Rainbow

  • β›Ή Training activities i branches off NFT skill tree where you will upgrade your skills

  • πŸ”‘ Read my latest Bankless Tactics How to take care of your crypto keys because not your keys, not your crypto!

William M. Peaster is a professional writer and creator of Metaversal– a bankless newsletter focused on the rise of NFTs in the crypto-economy. He has also recently contributed content to Bankless, JPG and more!

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Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell assets or make financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Mediation. From time to time I may add links in this newsletter to products I use. I may receive a commission if you make a purchase through one of these links. In addition, the Bankless authors have crypto assets. See our investment information here.

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