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⚡️ The public land sale at the first human-centric metaverse starts NOW
The long-awaited virtual land (VLAND) sale at Vault Hill City starts today! Users can start exploring new experiences and limitless opportunities. The new virtual land sale at Vault Hill City dedicates the first week to the community in an attempt to onboard more community members with an exclusive opportunity to build Vault Hill City and launch their existence in the metaverse. The new web3D build enables VaultHillers to enter their lands using a PC or Laptop to explore and walk inside their land, representing a swift real-to-virtual transformation to enhance human experiences. This VLAND sale is coupled with the updated release of the interactive map and the NFT marketplace for simplified purchases. With the new iteration, users can directly check the map, find a location, and jump into exploring it.
NFTs | OpenSea | News
🔫 Hackathon winner Mudai has released a Metaverse demo
The hackathon hosted by Huobi, the global second largest exchange, and Nextype, the world's leading blockchain gaming platform, was held with the aim of discovering next-generation leading Metaverse and GameFi projects. However, MudAi was largely noticed for its outstanding 3DCG technology and XR (mixed reality) used for GameFi. The winning project of the hackathon will receive support from Huobi, the world's second largest exchange, and Nextype, the world's leading blockchain gaming platform. More than 100 carefully selected projects participated in the hackathon, and MudAi won the 3rd Prize. By winning the 3rd Prize, MudAi received a grant equivalent to $30,000 from Nextype. The demo version of MudAi can be operated and installed on Discord, which is operated by MudAi. comprehensive support such as token listing and marketing support, so further business expansion is expected.
NFTs | OpenSea | News
📣 Walmart Files NFT & Metaverse Trademark Applications for Sam’s Club
The retail giant Walmart filed NFT and Metaverse-related trademark applications for the retail company Sam’s Club name and logo at the United States Patent and Trademark Office (USPTO) on 31st January 2023. Sam’s Club is owned and operated by Walmart Inc. According to the filing, Walmart aims to sell virtual goods, including electronics, home decorations, toys, sporting goods, personal care products, a virtual currency, as well as NFTs via Sam’s Club. Walmart is also seeking to apply the Sam’s Club name and logo to healthcare services and education in virtual and augmented reality (VR/AR). It also aims to launch downloadable software for managing cryptocurrency portfolios, establishing an electronic wallet, authenticating and viewing NFTs in a virtual environment.
NFTs | OpenSea | News
🖼 NFT sales expected to slump 72% from 2022 high
A year ago we were experiencing a surge in non-fungible tokens (NFTs), the latest digital asset to create a buzz in the market despite their risky nature. US$30 billion across five leading marketplaces but are set to plunge in 2023 according to a new analysis. set to plunge in 2023 according to a new analysis. In 2022, celebrities fuelled the frenzy with Ellen DeGeneres, Paris Hilton, and Canadian singer Shawn Mendes among those issuing unique digital artworks. Fellow Canadian Justin Bieber is among the high-profile investors in NFTs. But despite a strong start to trading in January, 2023 is not likely to be another record sales year with NFT gaming platform Balthazar predicting a 72% decline year-over-year to $8.3 billion. CEO and founder John Stefanidis says that even though the numbers will be smaller this year.
NFTs | OpenSea | News
🖼 NFT market shows signs of recovery as January trading volumes hit 7-month high
NFT market is slowly getting back on its feet. Trading volumes rose for two months straight, with January scoring the highest volumes since June last year, according to the Dapp Industry Report: January 2023. The growth in January marked a stark difference from the trend of the past few months — October saw trading volumes dip to a low of $662 million — but in November, the market halted the downward trend to stay at $662 million, per the report. Volumes then recovered in December, rising slightly to $683 million, and increasing 38.5% from that number to $946 million in January. January was strong for both Ethereum and Solana, which saw trading volumes of $659 million and $85 million, respectively.
NFTs | OpenSea | News
🔫 Metaverse tokens show big gains in January with sector expected to reach $5 trillion value by 2030
After spending a considerable portion of 2022 in the doldrums, a number of tokens in the metaverse sector have seen considerable gains over the last several weeks, with 18 of the top 20 tokens in the sector seeing gains of up +319%, over the last 30 days. are both up north of 300% in the last month. The metaverse token market sector is characterized by tokens related to virtual worlds and decentralized platforms built on blockchain technology, such as Decentraland and Sandbox. The total of 92 tokens on Cryptoslate’s metaverse sector index have an overall market cap of $9.51 billion. These tokens are used as currency within virtual environments, used as a way to onboard and use specific services, or to purchase content on these platforms, known in the industry as play-to-earn (think Axie Infinity).
NFTs | OpenSea | News
📣 Roofstock Sells Alabama Rental Property Via NFT
Roofstock, a property technology company focused on selling single-family rental homes, has completed its second on-chain property sale through Roofstock onChain (ROC), its Web3 subsidiary. The property sold for $180,000 on an NFT marketplace built by Origin Protocol. It will be the first home to have been purchased on any NFT marketplace with on-chain leverage from DeFi lender Teller protocol. Roofstock was not designed to be a blockchain project — but as the company grew, it saw the potential in blockchain technology and its ability to make single-family rental homes more accessible, Geoffrey Thompson, chief blockchain officer at Roofstock, told Blockworks. Ultimately, he said, “what it boils down to is being able to transact a real-world home with one click using NFT smart contracts.”
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⚡️ Interpol says it will now probe crime in Metaverse too
Interpol secretary general Jurgen Stock said it was really important for the agency to not be left behind as the criminals are sophisticated and professional, quickly adapting to any new technological tool available to commit crime. Global police agency Interpol is now investigating how it can probe crime occurring in the Metaverse. According to author Neal Stephenson, a Metaverse is an all-encompassing digital world which exists parallel to the real world. The Interpol has built its own virtual reality space to help users train and attend virtual meetings, a BBC report stated. Interpol secretary general Jurgen Stock said it was really important for the agency to not be left behind as the criminals are sophisticated and professional, quickly adapting to any new technological tool available to commit crime. The new virtual reality space only accessed through secure servers helps police officers.
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📣 MIR4 Developer to Build Web3 Games in MetaGravity Metaverse
WEMADE has signed an MOU with MetaGravity to build a unique game experience and platform for people to connect to and enjoy. The alliance plans to bring the vision of Jang Hyun-Guk, CEO of WEMADE, to life. Despite South Korea’s Seoul Administrative Court ruling against releasing new Play-to-Earn games and NFTs, WEMADE has been actively building and expanding its ecosystem. Surprisingly, WEMADE’s flagship MMORPG, MIR4, ranked second globally based on Play-to-Earn sales. The MIR4 developer plans on adding to the MetaGravity vision of building the next generation of live digital worlds targeted toward gamers. WEMADE plans on using its high-performance open-source protocol WEMIX3.0
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⚡️ Meta is shutting down the Metaverse platform it recently bought
Meta is shutting down Crayta on March 3, 2023, after purchasing the DIY gaming platform less than two years ago, and user content will not be archived. Unit 2 Games recently broke the bad news to the Crayta community that the game-building platform will be shutting down next month. With so much time and effort invested, players expressed sadness in response to the Twitter announcement. If you’ve invested time in the platform, you need to make screen recordings of your favorite games and worlds to preserve those memories and share them with others. It’s sad to see creative effort wasted and that is always a risk with world-building games. Meta purchased Unit 2 in 2021 and game development never stopped.
NFTs | OpenSea | News
📣 EBay Hiring Multiple Web3 Roles Following NFT Marketplace Acquisition
Leading e-commerce site eBay is hiring several Web3 roles focusing on KnownOrigin, the non-fungible token marketplace the company acquired in June. Among the roles listed are Crypto Counsel, Head of Community, a marketing executive and others. According to the LinkedIn job posting, the Crypto Counsel role will primarily serve KnownOrigin and focus on advising the company’s blueprint as it expands into NFTs and other blockchain technology. Working with colleagues in taxes, intellectual-property (IP) and security, the lawyer hired will provide regulatory guidance as the company delves deeper into Web3. NFT marketplace empowering a new generation of digital artists to express themselves, find an audience and earn a living from their passion,” the company said in the job post. “And they're looking for like-minded enthusiasts to join them in their venture!”
NFTs | OpenSea | News
🔫 Meta CEO is Not Intended to Change Metaverse Strategy
Meta will be moving forward to focus on efficiency. While operating losses for Meta’s Reality Labs division reached their high in 2022, its founder and CEO, Mark Zuckerberg, claims the company has no intentions to change its long-term metaverse strategy. Meta CEO Mark Zuckerberg has gone in a few months for promoting the metaverse as his company’s future approach is like long-term development. According to the disclosure made on Wednesday, the Reality Labs division, which is in charge of creating the metaverse, lost $13.7 billion this year. The highest annual losses ever for its metaverse-building division. As Zuckerberg stated that the company will be moving forward to focus on “efficiency.”
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📣 EBay Wants NFTs To Connect Fans With Sports Stars
Interactive, virtual, events platform Notable Live has partnered with e-commerce giant eBay to leverage NFTs for fan experiences with their favorite sports players, leagues and teams, among other initiatives. The partnership will combine eBay’s collectible marketplace with an immersive experience facilitated by Notable Live, and provide sports fans with a platform to connect with players. EBay’s venture capital arm, eBay Ventures, previously led Notable Live’s Series A round, the company said in a statement. The two businesses are currently executing a multi-year contract where Notable Live will be bringing limited edition NFT and player merchandise to eBay. “Our partnerships [focus] on delivering transformational solutions that provide fans true access. These solutions are built upon authentic offerings that attach memories to memorabilia and experiences directly from the source themselves,” Mike Antonucci, co-founder and CEO of Notable Live, said in a statement.
NFTs | OpenSea | News
🔫 Metaverse Tokens Outperforming Bitcoin in January
Metaverse-related tokens have started the year hot, outperforming bitcoin, the world’s largest cryptocurrency by market value, by large margins. Decentraland’s MANA, which is the native token of the metaverse project, has gained about 145% in January. January’s market surge has seen a number of smaller tokens outshine the largest cryptocurrencies by market capitalization. Bitcoin has risen 40% for the month, ether by 32% and BNB by 32%. Decentraland’s market cap sits at $1.3 billion while bitcoin’s is $446 billion. Yield Guild Games’s YGG has gained 92% in price. YGG is a gaming guild that invests in the play-to-earn world and provides on-ramps for users. It has a $57 million market cap.
NFTs | OpenSea | News
⚡️ Dungeons & Dragons Reverses Course on NFT Ban Amid Backlash
Dungeons & Dragons (D&D) publisher Wizards of the Coast capitulated to fans and content creators Friday, announcing that it won’t move forward with proposed changes to a game license that would have clamped down on derivative NFT projects in the process. Earlier this month, the Hasbro-owned company provoked widespread ire from the tabletop gaming community after it moved to modify a legal framework that has allowed people to produce content compatible with D&D for over 20 years. That included things like D&D-inspired live play shows and podcasts, as well as graphic novels and other media.
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🇰🇷 S. Korea opens metaverse platform for Korean-language learning
South Korea's culture ministry said Tuesday it will launch a metaverse version of the King Sejong Institute, a government-funded Korean language education brand, this year to help foreigners learn the language anytime and anywhere. The Ministry of Culture, Sports and Tourism said it will operate the service jointly with the King Sejong Institute Foundation, a subsidiary agency that manages language centers of the brand worldwide, as the global popularity of Korean music, dramas and films has driven demand for learning the language. The King Sejong Institute, which started in 2007 with just 13 language centers in three countries, had 244 centers in 84 countries as of the end of 2022. Still, there were about 10,000 people worldwide waiting to enroll as of September, according to the ministry.
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📣 Louis Vuitton Partners with Yayoi Kusama to Launch NFTs
International fashion house Louis Vuitton partners with the 93-year-old Japanese contemporary artist Yayoi Kusama to launch 10,000 NFTs. In commemoration of its 200th anniversary, Louis Vuitton will allow buyers to convert these NFTs into physical products. Experts predict that the Louis Vuitton X Yayoi Kusama NFT collaboration will cost roughly 4 ETH based on the costs of other luxury companies’ NFTs. This is the second collaboration between Louis Vuitton and Yayoi Kusama after 10 years. The first Yayoi Kusama partnership from 2012 was under the creative direction of Marc Jacobs, which featured Kusama’s signature polka dots atop LV bag silhouettes.
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⚡️ Pandora to allow NFT holders to earn passive income with DroidBots
Staking has been associated with tokens in the crypto industry. Things have evolved, allowing users to stake their digital assets for passive income through rewards or interest. Pandora has taken a step in that direction. What makes this evident is the recent blog post published by the venture to highlight how holders can stake their NFTs for passive income to get the most out of DroidBots. DroidBot is the NFT of Pandora, and it has distinctive mining power and reward rates. Based on the number of DroidBots they stake, holders are divided into two main mining camp categories. Common Mining Camp is the first, while Premium Mining Camp is the second. Staking DroidBots from Level 1 to Level 9 classifies a holder in the Common Mining Camp. DroidBots in this category can be unstacked at any moment. Rewards are distributed from a pool that is created by the community.
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⚡️ Takashi Murakami to Release Collection of 13 NFTs Linked to Physical Hublot Watches
Japanese artist Takashi Murakami has teamed up with Swiss luxury watchmaker Hublot to release a new collection of real-world watches linked to non-fungible tokens (NFTs). The new collection, the fourth artistic venture between Hublot and Murakami, involves 13 unique NFTs that are inspired by Japanese video games and television shows from the 1970s. In addition, the NFTs are also modeled after the Classic Fusion Takashi Murakami All Black watch, which was launched in January 2021. The NFTs are tied to 13 physical watches that will debut at the Watches & Wonders 2023 trade show in Geneva in April. Each digital replica is offered in a unique rainbow hue and features Murakami’s iconic smiling flower emblem.
NFTs | OpenSea | News
⚡️ FBI Recovers An $141,000 Audemars Piquet Watch, NFTs, From Scammer
The United States Federal Bureau of Investigation (FBI) has seized, among other non-fungible tokens (NFTs), that includes a Bored Ape Yacht Club#9658, an Audemars Piquet (AP) Royal Oak Watch whose retail price is $141,000, from a phishing scammer, Chase Senecal. The investigative agency now possesses over $100,000 worth of NFTs. The response from the FBI follows an independent investigation by a Twitter sleuth back in September 2022. It only took several weeks for them to recover several of those assets, including the two BAYC. BAYC are NFTs on Ethereum.The United States Department of Justice (DoJ) says federal asset forfeiture “is a critical legal tool that serves a number of compelling law enforcement purposes”. Before authorities proceed, there should be a “criminal conviction.” If there is forfeiture, then it “is limited to the property interests of the defendant, including any proceeds earned by the defendant’s illegal activity”.
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🖼 Ethereum-Based NFT Gaming Project Explodes More Than 70% This Week Amid Flurry of Updates
An Ethereum (ETH)-based non-fungible token (NFT) gaming project skyrocketed by more than 70% this week amid a flurry of new upgrades. The utility and governance token of Illuvium (ILV) surged to a weekly high of $105 from a low of $61.81 on January 29th. Illuvium is a project that aims to build open-world fantasy games. The 180th-ranked crypto asset by market cap has slightly retraced and is trading at $95.21, up over 5% in the last 24 hours. In January, Illuvium released the alpha version of its third game, Illuvium Zero, a building and land development mobile and desktop game. On Thursday, the project released the latest update to Illuvium Zero, which aims to fix some of the new game’s bugs. Additionally, the project announced a planned upgrade for Illuvium: Overworld, an open-world exploration game that is currently in private beta. Despite the price gains this week, ILV remains nearly 95% down from its all-time high of $1,911, which it hit in November 2021.
NFTs | OpenSea | News
⚡️ YouTuber baits MMA fighter into secretly shilling fake NFTs for $1K
While the support from numerous A-list celebrities expedited the nonfungible token (NFT) boom of 2021 and 2022, some promoted unvetted projects to fans without knowing if they were legitimate or scams. The practice retains its popularity in 2023 as markets recover. In the promotion, Danis tweeted out a digital image with a website URL, which, according to Coffeezilla, “literally spells out S.C.A.M.” A further investigation from Cointelegraph shows that the website was newly created on Feb. 1, 2023 — an important clue to check when checking the credibility of new projects. Moreover, the website FAQ mentions that no investors can get hold of the “Sourz” NFTs, a crucial piece of information overlooked by the MMA fighter.
NFTs | OpenSea | News
⬜️ Okx to Launch Okx Collective, a Metaverse Experience Powered by Manchester City Soccer Players
Okx, one of the largest cryptocurrency exchanges in the market, has announced the launch of its soccer-focused metaverse experience, called the “Okx Collective.” The immersive experience will include Jack Grealish, Ruben Dias, Ilkay Gündoğan, and Alex Greenwood, stars from Manchester City, the reigning champion of the Premier League. Sports clubs and their players are more and more inclined to tailor metaverse platforms to offer new immersive experiences to fans. Okx, one of the biggest cryptocurrency exchanges by volume traded, will launch its own metaverse experience specially tailored for soccer fans.
NFTs | OpenSea | News
⚡️ Trace Network reveals 1st ever Indian luxury womenswear metaverse store
Metaverse company Trace Network Labs recently introduced the Madame Meta Store in its fashion and lifestyle Pariz metaverse, which also happens to be the first ever Indian luxury womenswear store to have a presence in the metaverse. The pre-launch event of the meta store was positively received. Visitors explored the Madame Meta Store using the Meta Quest VR headset for an immersive shopping experience. Trace Network’s fashion metaverse provides ‘Metaverse-to-Home’ capabilities, which enables one to purchase products in the metaverse and get them delivered to their doorstep, the company said in a LinkedIn post.
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🖼 NFT Sales Jump 38% in January as Bored Apes Drive Trading Surge
Recent signs of life in the NFT space ultimately yielded a significant jump in market activity in January, as organic trading volume grew 38% from December, per data from DappRadar. Sales of NFT assets totaled $946.7 million last month, according to the analytics firm, which tracks data across multiple blockchain networks and marketplaces. That’s a significant rise from the $683.9 million figure registered in December, and marks the largest market-wide total since June 2022. DappRadar excludes data from suspected wash trades, or sales that have been manipulated in some way. Often in wash trading, a user sells an NFT at an inflated price back and forth between his or her own controlled wallets, typically in an effort to game a marketplace rewards model or boost the visibility of a lesser-known project.
NFTs | OpenSea | News
⛵️ OpenSea's Polygon NFT Sales Top Ethereum for Second Straight Month
More individual NFTs were sold on Polygon than Ethereum via leading overall marketplace OpenSea for the second consecutive month, according to public blockchain data curated via a Dune dashboard. In January, OpenSea handled over 1.5 million NFTs sales on Ethereum sidechain Polygon, while Ethereum’s own mainnet tallied a little over 1.1 million sales via the same marketplace. That continues the trend from December, when 1.3 million NFTs were sold on Polygon through OpenSea compared to just under 1 million Ethereum NFTs. Ethereum has long been considered the premier blockchain for NFTs, and it hosts most of the high-value projects—despite its sometimes-high gas fees. But as Polygon continues to forge large brand deals with big names like Meta, Starbucks, and Reddit, and as additional game projects tap the scaling network, more and more assets are being traded on the sidechain.
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🖼 First Exchange-Traded NFT Fund Shuts Down
NFTZ, widely touted as the world’s first exchange-traded fund for NFTs, is shutting down. Defiance ETFs announced that it will “close and liquidate” NFTZ, its Defiance Digital Revolution ETF, by February 28. NFTZ tracked companies involved in the NFT (non-fungible token) and cryptocurrency space—including toy collectibles company Funko, online marketplace Ebay, and digital asset exchange Coinbase. Shares of the Fund were listed on the New York Stock Exchange. The fund fell 11% to US$21.66 from US$24.41 in its first two days of trading. ETFs are popular investment vehicles offering indirect exposure to an underlying asset through shares—like gold, foreign currencies or Bitcoin. This allows investors to expand their portfolios without having to store such assets. NFTZ is an ETF that allowed investors to have a stake in a number of companies somehow related to the NFT space. Last July, crypto exchange KuCoin launched its own NFT ETF.
NFTs | OpenSea | News
⚡️ Metaverse Tokens Outperform Top Crypto Assets in 2023 With Decentraland's MANA Leading the Pack
During the first month of 2023, the top two leading cryptocurrencies, bitcoin and ethereum, experienced double-digit gains against the U.S. dollar. Meanwhile, several alternative cryptocurrencies saw even greater increases in value, with metaverse tokens. Metaverse crypto assets have outperformed both bitcoin (BTC) and ethereum (ETH), the leading crypto asset and top smart contract token, respectively. In the past month, Decentraland’s MANA token has been the top performer, rising 150% against the U.S. dollar. Over the last two weeks, MANA climbed 7.3%, and in the past seven days, it rose 2.9%. On January 31, 2023, a single MANA was trading for $0.716 to $0.755 per unit. The Sandbox’s SAND metaverse token has increased 92% in the past 30 days.
NFTs | OpenSea | News
🇨🇳 China’s Hainan to boost NFT oversight as digital yuan trial ramps
Authorities in the Hainan province in southern China have vowed to increase oversight on the nonfungible token (NFT) space to “promote the healthy development” of the sector and to stomp out fraud and other associated risks. Separately, the People’s Bank of China (PBoC) has announced that it is working on new features for its central bank digital currency (CBDC) pilot program, known as the digital yuan or e-CNY. A translation of the document reveals that the regulator is placing emphasis on promoting NFTs as part of the digital economy, particularly as a way to attract foreign investment in the Hainan Free Trade Port. The provincial authorities, however, want to oversee the NFT market in a way that restricts “market chaos” such as misleading information, speculation, copyright theft, fraud, money laundering and fictitious value.
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🖼 EthBoy NFT Painting Continues to Evolve With Fourth Edition
EthBoy, the non-fungible token (NFT) painting of Vitalik Buterin in a harlequin suit, is minting another edition on Tuesday in celebration of the Ethereum co-founder’s birthday. Trevor Jones, the artist behind the NFT collection, is releasing the fourth edition of the generative artwork done in the style of Pablo Picasso’s "Paul as Harlequin." The latest animated edition, titled TRANSCEND, was done in collaboration with Grammy Award-winning DJ Sasha and will be exhibited on Oxford Street in London. The NFT is part of a larger collection titled ETHEREAL, in which Jones partnered with artists Alotta Money and DJ Don Diablo to release a new Ethboy iteration with NFT platform Async Art every six months over the next five years.
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