Welcome to This Week in the Metaverse, where Fortune brings together the most exciting news in the world of NFTs, culture, and the metaverse. Email marco.quiroz-gutierrez@fortune.com with tips.

The failed Binance and FTX deal and the latter’s continued unraveling sent crypto prices tumbling, but its effect on NFTs has been somewhat mixed.

As of early Thursday, less than a day after the FTX and Binance deal fell through, top-tier NFT collections were down around 15%, according to DappRadar Head of Research Pedro Herrera. Some collections like Bored Ape Yacht Club and Mutant Ape Yacht Club fell by double-digit percentage points.

However, by early Friday, those collections had rallied in a big way, with CryptoPunks emerging as the biggest winner. The Yuga Labs collection…