Sailing the OpenSeas | The NFToyz Podcast Season 2 Episode 2

Unintentionally, just about all our news this week has to do with OpenSea, which is currently the most popular secondary marketplace to buy and sell NFTs! (#notsponsored)

OpenSea's OpenRarity

OpenSea is introducing this rarity protocol as a way to standardize rarity calculations, in a way that is transparent and open source:
https://twitter.com/openrarity/status/1570175357961084930
https://github.com/OpenRarity/open-rarity
https://mirror.xyz/openrarity.eth/LUoJnybWuNYedIQHD6RRdX1SS9MiowdI6a69X-lefGM
https://twitter.com/opensea/status/1572648422674669568

Solana Collections are now autoindexed by OpenSea

https://twitter.com/opensea/status/1573067266220236800

Arbitrum L2 NFTs will be on OpenSea soon

https://twitter.com/arbitrum/status/1572251210765291523

And lastly we discussed the state of the NFT industry

OpenSea lost 99% of its trading volume (as measured in USD) since May: https://fortune.com/2022/08/29/nfts-opensea-crypto-winter-bubble-blockchain-web3/

There's very little speculation happening, BUT a lot of funding is happening behind the scenes. There's a lot of focus on utility in upcoming projects
https://mirror.xyz/arpeggi.eth/jkpMgDfGdKZGyM_PX0CNy5xmIqLOIwCkE5IIwOS8GnE
https://decrypt.co/109278/web3-investor-animoca-brands-raises-10m-metaverse

We're also seeing a lot of big brands getting into the NFT space - Old Navy, Starbucks, Nike, and Lamborghini, to name a few
https://nftnow.com/news/lamborghinis-second-epic-road-trip-nfts-take-utility-to-new-levels/