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⚡️ WhatsApp Takes a Step into the Metaverse with Meta Quest Integration
WhatsApp is venturing into the metaverse by integrating with Meta Quest, offering a glimpse of its metaverse plans beyond Avatars. An upcoming update may allow users to link their WhatsApp accounts with Meta Quest VR headsets, improving the user experience. While still in development, this feature shows progress and potential, indicating WhatsApp’s role in Meta’s metaverse ambitions. Expect an integrated experience in the future. The metaverse was the talk of 2022, but many of us are still waiting for our chance to give it a try. We’re all wondering how our favourite apps will adapt to this. WhatsApp gave us a glimpse of its metaverse plans when it introduced Avatars last year. Now, in its latest beta version, WhatsApp takes it further by using metaverse hardware with support through linking with the Meta Quest. WhatsApp update, users may be able to officially connect their accounts to Meta Quest VR headsets. WABetaInfo discovered this feature while exploring the new beta 2.23.13.6 release. Although the Meta Quest-linked device feature is still in development and no official announcements have been made.
NFTs | OpenSea | News
📣 Škoda Auto India Launches Škodaverse India NFT Platform
Škoda Auto India is venturing into the world of Non-Fungible Tokens (NFTs) with the launch of Škodaverse India, as part of the global Web 3.0 project. The platform will allow users to explore, buy and trade NFTs with the aim of building an online community of Skoda loyalists. Users will have the option to purchase NFTs using cryptocurrencies as well as traditional currencies such as INR, USD, Euro, and others. Christian Cahn von Seelen, Executive Director, Sales, Marketing and Digital, Škoda Auto The company aims to establish long-term relationships and interactions with its customer base through the Škodaverse India platform. The company added that the platform also showcases its commitment to sustainability and innovation by using carbon-neutral blockchain technology for secure, transparent, and decentralized transactions. Volkswagen India said, “Škodaverse India signifies the brands leap into uncharted digital territory. It’s not just about creating extraordinary digital assets, it’s about forging deep connections with a community that shares an unwavering passion for the brand and its initiatives in India.”. NFTs serve as digital certificates of ownership, providing distinctive identifiers that cannot be copied, substituted, or subdivided.
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🖼 FC Barcelona and World of Women Spotlight Soccer Star With NFT Release
Barcelona Football Club has partnered with World of Women on the next installment of its Masterpiece NFT collection. This second release pays homage to a pivotal moment in the club’s history and an extraordinary athlete, Alexia Putellas, who has had a transformative impact on the game. The NFT, entitled Empowerment, is an artistic embodiment of the Women’s Champions League semi-final match that took place on April 22, 2022, between Barcelona and Wolfsburg. On that historic day, 91,648 spectators were privileged to witness Barcelona’s triumphant win, setting a record for the highest attendance at a women’s football match. Renowned for her exceptional skills, Putellas delivered an outstanding performance during the game, scoring two goals that further elevated her stature in the sport. Aside from boosting fan engagement, this initiative aims to transform these digital assets into experiential, premium products. The future owner of the NFT will not only possess a digital artwork that signifies support for gender equality in sports but will also receive an array of benefits. These include a personal meeting with Putellas and a pair of signed soccer boots. The NFT owner will also receive a physical seat from Spotify Camp Nou adorned with a portrait of Putellas by renowned Catalan artist Oscar Tusquets.
NFTs | OpenSea | News
🖼 NFL Rivals Scores 1M Downloads for NFT-Based Mobile Game
NFL Rivals, a free-to-play game from Mythical Games, has managed to score over a million downloads despite debuting amidst a harsh crypto environment and in the off-season of the NFL itself. Debuting on April 26 in the Google Play and Apple Stores, the game was met with early enthusiasm, rising to the top spot in the App Store, which Mythical Games CEO John Linden captured on Twitter at the time. “We're sitting at a 4.8 out of five on [the App Store] with nearly 22,000 reviews, which is great.”. Other stats shared with CoinDesk by Mythical Games noted that NFL Rivals has seen nearly 15 million matches played and that on average, players have six gaming sessions per day, showing the stickiness of the experience. The fact that the player cards are NFTs is “behind the scenes” for most players, Linden noted, who are able to play the game without purchasing any NFTs. “Every player gets a wallet in the game, and then most of them probably don't know it's a wallet until they want to start interacting with the marketplace to buy, sell or trade.” The NFTs in the game are player cards used to build out teams and compete in the game. Each player card has different rarity levels from common to legendary and are assigned different strengths and weaknesses.
NFTs | OpenSea | News
🟠 Binance To Launch Second Cristiano Ronaldo NFT Collection
Binance, the largest cryptocurrency exchange in the world, recently announced it is teaming up again with legendary footballer Cristiano Ronaldo to launch another NFT collection. The new collaboration comes on the heels of their hugely successful first NFT launch last year, where Ronaldo’s debut NFT collection sold out within the first week. Ronaldo is considered by many to be one of the greatest footballers of all time with 838 career goals to date. Ronaldo is considered by many to be one of the greatest footballers of all time with 838 career goals to date. This new collection will feature memorable goals, celebrations, and achievements from Ronaldo’s historic career, captured in a collection of over 29,000 NFTs. One of these is Ronaldo’s bicycle kick goal against Juventus in the UEFA Champions League. Like the first collection, the new collection will drop on July 3 across four rarity levels: Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal (N). Of the seven NFTs in the Super Super Rare level, six will be sold via auction, with prices starting at $15,000. Holders will have access to an in-person training session with Ronaldo and tickets to an upcoming Binance Blockchain Week.
NFTs | OpenSea | News
🖼 Zora NFT Launches Layer 2 Network To Fight Ethereum Gas Fees
Zora NFT has launched its own Layer 2 blockchain network to support advertising and minimize costs. The Zora network is secured with Ethereum and is built on Optimism’s technology stack. According to the press release, the new network will make minting on its platform “faster, cheaper, and more enjoyable” with a focus on gas efficiency and scalability. According to online documents, minting an NFT over the network costs less than 50 cents. The Ethereum blockchain secures it, is built on top of Layer 2 scaling network Optimism technology, and is already supported by over 35 platforms – including on-chain music platform Sound, wallet provider Rainbow, and Web3 Thirdweb application toolkit. Many of the NFTs featured on Zora’s reel homepage sell for under $10 and can even be minted for free. Ethereum network gas fees of a few dollars, or much higher during peak times, can significantly increase overall transaction costs. Founded by three Coinbase alumni in 2020, Zora NFT Marketplace started as a service that gave musicians and other artists the means to sell digital tokens pegged to physical artifacts such as tapes and music.
NFTs | OpenSea | News
🖼 Foundation claims to fix 'self-destruct' feature that could have wiped out its NFTs
NFT platform Foundation claims to have fixed issues concerning a self-destruct function that theoretically could have been used to wipe out all NFTs minted through its platform. "This has been fixed for contracts deployed before 3/6," said Foundation co-founder and CTO Elpizo Choi on Twitter. "Contracts deployed after 3/6 were already safe - the owner of the implementation contract was set to 0, and the contract could not have been self destructed." All NFT collections on Foundation are minted using a single deployer contract and employ a "forwarder proxy," a design feature intended to reduce transaction fees during contract deployments. This itself isn’t concerning — it’s the fact the contract contained a “self-destruct” function that posed a severe threat to all collections minted on the platform. This feature was originally meant to allow creators to destroy (or burn) their own collections if needed but it posed a risk to any NFT created with it. The concern was that, should a hacker gain control of these two keys, they could hold all the NFTs for ransom or destroy them entirely.
NFTs | OpenSea | News
💰 Solana NFT Activity Doubles In May
Solana’s on-chain NFT activity is on the rise, producing some much-needed signs of recovery for the ailing network. According to data from Messari, the daily NFT transaction count has doubled from the start of May to sit near 60,000 based on a seven-day moving average. Meanwhile, NFT activity on Ethereum has fallen off a cliff, from more than 100,000 daily transactions in March to less than 20,000 today. Polygon is also processing around 20,000 NFT transactions each day after tagging 70,000 in February. Mad Lads is the top-trending Solana NFT collection over the past 24 hours, with more than 35,000 SOL ($525,000) in trading volume, followed by Claynosaurz and Foxbyte. The competition’s judges are currently reviewing submissions based on their business model, focus on users, creativity, use of Solana technology, and real-world applications. The 10 highest-scoring collections will emerge as finalists. Solana quickly grew in popularity during 2021 for its high speed, which it achieved at the expense of network centralization. While a wide range of hardware can validate most permissionless blockchains, hefty technical requirements resulted in Solana’s validators mostly comprising data center operators.
NFTs | OpenSea | News
🖼 German Intelligence Agency Releases NFT Collection to Recruit Talent
German Intelligence Agency Bundesnachrichtendienst (BND) has released a non-fungible token (NFT) collection to recruit talent through a gamified blockchain treasure hunt. The agency released “Dogs of BND” earlier this month, a collection of 999 generative dog-themed profile pictures (PFPs) donning cyber security-themed wearables. The NFTs can only be acquired by completing a cyber quest and locating a hidden string of characters in order to mint into the collection. According to its website, German citizens who opt to hunt for the Dogs of BND collection must locate a strong of characters (in this case, a wallet address, transaction hash, block or token number) hidden by the federal agency as a clue. Once players find the correct data, they are given access to mint into the collection. While the NFT costs less than 1 cent to mint (excluding gas fees), the collection’s floor price on secondary marketplace OpenSea is currently 0.045 ETH, or about $82. There are 999 NFTs in the collection, but only 987 are available for players to mint. The treasure hunt will end when all 987 tokens have been minted. “We are also looking for talents in the field of cyber security in the future,” the agency told BTC Echo.
NFTs | OpenSea | News
🖼 OVAL3 Fantasy NFT Rugby Collection launches on Binance NFT Marketplace
As the Rugby World Cup approaches in September, OVAL3, which holds the official licenses for LNR and MLR, is launching its NFT collection on Binance's NFT marketplace. After the NFT frenzy in the fields of football and basketball, OVAL3 has come to fulfill the rugby fans' desires by quickly becoming the global leader in digital entertainment for this sport. OVAL3 is the web3 fantasy game dedicated to rugby and is now on the verge of launching a portion of its unique NFT collection. OVAL3 aims to bring all professional rugby clubs to the heart of Web 3.0. They want to offer supporters and players an immersive fantasy league game that combines this magical sport with NFTs. To achieve this, the company has already signed several exclusive partnerships with the french Ligue Nationale de Rugby (LNR) and the american Major League Rugby (MLR). With the official license from the Ligue Nationale de Rugby for a duration of 9 years, which covers the prestigious TOP14 and its second division PROD2, OVAL3 has associated more than 1500 players and 30 professional clubs with the project. The platform quickly gained global prominence through its partnership with the rapidly growing Major League Rugby (MLR).
NFTs | OpenSea | News
🖼 Web3 Charity Teddy DAO is Raising Money Through Daily NFT Auctions
Teddy DAO will hold daily auctions for one of its teddy bear NFTs, created by digital artist Yumi and minted on cross-chain smart contract platform Moonbeam. Auction winners can then donate the proceeds to one of 400 charities supported by JustGiving, where the crypto is then converted to fiat and donated through the platform. Teaming up with global fundraising organization JustGiving, Teddy DAO aims to utilize crypto as a funding mechanism to promote social impact worldwide. Teddy DAO eventually plans to leverage 450,000 charities supported by JustGiving as part of its mission to help solve real-world problems through cryptocurrency donations. David Chapman, founder of Teddy DAO, told CoinDesk that the project was inspired by an NFT sale he conducted last year, where he sold a one-of-one collectible and raised $15,000 for humanitarian aid organization UNICEF. He noted that this event not only highlighted the demand for NFT-backed charity donations but also indicated that the method could be used to onboard people new to Web3. Teddy DAO, a decentralized autonomous organization (DAO) registered as a 501(c)(3) organization.
NFTs | OpenSea | News
🖼 Oval3 Fantasy NFT Rugby Collection launches on Binance NFT Marketplace
After the nonfungible token (NFT) frenzy in the fields of football and basketball Oval3 has come to fulfill rugby fans’ desires by quickly becoming the global leader in digital entertainment for this sport. Oval3 is a Web3 fantasy game dedicated to rugby and is now on the verge of launching a portion of its unique NFT collection on Binance NFT. With this timely partnership, just before the Rugby World Cup 2023 in France in September, Oval3 enhances its visibility and offers its collection on one of the largest NFT marketplaces. Oval3 aims to bring all professional rugby clubs to the heart of Web3. They want to offer supporters and players an immersive fantasy league game that combines this magical sport with NFTs. To achieve this, the company has already signed several exclusive partnerships with the French Ligue Nationale de Rugby (LNR) and the American Major League Rugby (MLR). Since the opening of the marketplace on April 7, 2023, players have been able to purchase their cards through auction-style bidding on Polygon and start assembling their team of stars. In just two months, the fantasy Web3 platform has generated over $100,000 in sales.
NFTs | OpenSea | News
⚡️ Germany's Puma unveils Black Station 2 for metaverse footwear shopping
German sports company Puma has launched Black Station 2, a metaverse platform that bridges the digital and physical worlds, allowing users to purchase phygital footwear. Black Station 2 is an expansion to its initial Black Station debut last September as part of New York Fashion Week. Black Station originally launched as a dynamic and interactive destination where users could view and purchase exclusive digital collectables. The Puma community will have access to not only explore these worlds but gain access to never-seen-before phygital footwear. The first world, Unkai, is inspired by the Japanese city, Shibuya, whose bright colours and energetic elements translate directly onto the footwear. Unter, the second world, is inspired by Berlin’s club culture with design elements that reflect the underground club scene. Throughout Black Station 2, Puma Pass NFT holders—previously called Nitro Collection—will have the option to purchase a Materializer NFT (‘to-be-produced’ physical) and/or Digital Collectible NFT. A maximum of 4,000 of each NFT will be available to purchase throughout the week.
NFTs | OpenSea | News
🖼 The Potential of NFTs and the Metaverse 'Remain Vast and Largely Untapped' Says Peer Inc CEO
According to Tony Tran, the chairman and CEO of Peer Inc, the cooling interest in non-fungible tokens (NFTs) and the metaverse particularly by corporations and tech giants like Meta does not signal their end but instead “it reflects the natural cycle of innovation.” In written answers to questions from Bitcoin.com News, Tran, whose firm is behind the 3D social networking app Peer, insisted that such a downward trend is commonly experienced by early adopters of new technologies. Tran also attributed the public’s seemingly limited interest in NFTs to ignorance and their lack of “tangible utility.” However, Tran also argued that these barriers can be overcome by doing a “better job educating the public on the value of digital ownership and the broad potential applications for NFTs.”. Concerning the sudden rise in the popularity of Bitcoin ordinals Tran said while appreciates the debate, his focus “is less on a binary ‘yes or no’ to Bitcoin NFTs, and more on how we can use blockchain technology to provide value to people.” The CEO also told Bitcoin.com News that he believes the metaverse could just be “the beginning of a new era of digital interactions.”
NFTs | OpenSea | News
🖼 NFT project Azuki will launch the SBT series NFT Elementals on June 27.
The NFT project Azuki will launch the SBT series NFT Elementals on June 27. Both Azuki and BEANZ holders will receive 1 Soulbound Token (SBT) airdrop to commemorate 2023 Follow The Rabbit event at the Hakkasan nightclub in Las Vegas. The Elementals pre-sale will start at 9 am PT on June 27. Additionally, each Azuki is airdropped with an undisclosed and locked Elemental. The rest will be sold during the Elementals pre-sale. These undisclosed tokens are unlockable for transfer and will become publicly available immediately after the sale closes. Prior to the mint, it is critical to be attentive during a time when phishing links and scams disguised as Azuki will be on the rise, therefore the project warns users to be cautious of the late increasing frauds. Azuki is a metaverse-specific brand. The NFT collection includes 10,000 anime avatars that provide community members with access to “The Garden,” an exclusive virtual environment or metaverse where Web3 fans, artists, and builders come together to form a decentralized future. The project’s version of the metaverse is The Garden, a virtual realm where community, art, and culture collide to create enchantment or described as “the lines between the physical and digital worlds are blurring, and the rules are being rewritten,” according to their website.
NFTs | OpenSea | News
⬜️ OKX NFT Marketplace Adds Support for Blur Collection Bids
OKX NFT Marketplace has recently integrated Blur's bids, allowing for real-time best price offers, a time buffer for recent trades, a personalized order summary across markets and batch acceptance of Blur collection bids. Blur is an NFT marketplace known for its community-driven and fair platform for NFT traders and collectors. Through the integration, best price orders are instantly obtained and updated in real-time, allowing for a seamless trading experience. The integration has also enhanced the desktop order book mode experience by enabling batch acceptance of Blur collection bids. This makes OKX NFT Marketplace the first NFT platform that supports cross-market batch acceptance of Blur collection bids. OKX NFT Marketplace is an NFT trading platform that works seamlessly with over 10 networks, including Bitcoin, Ethereum, Solana, OKTC, Polygon, BNB Chain, Avalanche C, Immutable X, Aptos, Arbitrum One, Optimism, Klaytn, Arbitrum Nova and zkSync Era. A leading global technology company driving the future of Web3, OKX provides a comprehensive suite of products to meet the needs of beginners and experts alike, including the OKX Wallet, NFT Marketplace and DEX.
NFTs | OpenSea | News
🖼 Hermes wins permanent ban on 'MetaBirkin' NFT sales in US lawsuit
A Manhattan federal judge on Friday granted Hermes' request to permanently block artist Mason Rothschild's sales of "MetaBirkin" non-fungible tokens following a jury's verdict that they violated the French luxury house's trademark rights in its famed Birkin handbags. U.S. District Judge Jed Rakoff said the permanent injunction was justified because Rothschild's continued marketing of the NFTs would likely confuse consumers and irreparably harm the company. "Defendant's entire scheme here was to defraud consumers into believing, by his use of variations on Hermes' trademarks, that Hermes was endorsing his lucrative MetaBirkins NFTs," Rakoff said. "Nothing in the First Amendment insulates him from liability for such a scheme." NFTs are unique tokens on blockchain networks that are often used to verify ownership of digital art. Hermes sued Rothschild last year over his MetaBirkins, 100 NFTs associated with images depicting the luxury house's prized Birkin handbags covered in colorful fur. Hermes called Rothschild a "digital speculator" and the NFTs a "get rich quick" scheme that infringed its "Birkin" trademark and created the false impression that the fashion house endorsed the tokens.
NFTs | OpenSea | News
🖼 Home Improvement Giant Lowe's Is Selling an Mfers Meme NFT Garden Flag
Home improvement giant Lowe's this week released a physical garden flag featuring characters from mfers, a popular non-fungible token (NFT) project that exists in the public domain under a Creative Commons classification known as a CC0 license. Under this designation, anyone can use mfers NFT characters to create any type of commercial good, which is exactly what Stephen Thompson and his brother-in-law Matthew Varnell did. "This is the PFP [profile picture] project if you ever wanted to do anything fun," Thompson, a lawyer by trade, told CoinDesk. The two men recently started a company called Total Marketing Web3, or TM3 for short, as an umbrella company to oversee different projects that will combine NFT lore and real-world commercial products. Their first product called the "Evergreen Siezenals" garden flag is 1 foot wide by 1.5 feet high and features the phrase "cc0 summer 2023" above an image of two NFT characters sipping tropical drinks on the beach. The flag, referred to as "seizen #1/edition #1" in the website description, retails for $39.98. According to Thompson and Varnell's website, there will only be 1,000 available, with each flag linked to a replica NFT redeemable online.
NFTs | OpenSea | News
📣 Unofficial BlackRock 'EtherRock' NFTs net $750,000 in trading volume
A meme NFT collection that combines the idea behind the popular NFT collection EtherRock with the unofficial branding of the investment giant BlackRock has already seen 398 ETH, or $749,000, in total trading volume. The collection, also called BlackRock, comes on the heels of BlackRock's filing for a Bitcoin ETF. The investment firm has no affiliation with the NFT project, according to the collection's OpenSea profile. EtherRock is a collection of 100 rocks launched in 2017. It grew to prominence during the NFT craze, when its NFTs were selling for as high as $1.8 million. The BlackRock meme collection has 999 individual NFTs that are selling at a floor price of 0.245 ETH, which is worth about $462 as of publication time. The collection sold out on June 21, 2023. This recent activity caused it to be trending on OpenSea. The creator of the BlackRock NFT collection appears to have kept ownership of 100 of the NFTs, or 10% of the collection. So far they have not put these NFTs for sale or accepted any offers on them. BlackRock filing a Bitcoin ETF with the U.S. Securities and Exchange Commission on June 15 has an immediate impact on the crypto market. The Grayscale Bitcoin Investment Trust spiked 400% in the days after, and bitcoin's price rallied above $30,000 — surpassing this threshold for the first time since April.
NFTs | OpenSea | News
🖼 Submersible Crisis Stalls Titanic NFT Initiative
Adistinguished expert on the Titanic and one of the five crew members, Paul-Henry Nargeolet, aboard the distressed submersible Titan, had recently collaborated with a web3 company, Artifacts Labs, to initiate a Titanic-themed NFT collection. Holding the salvage rights to the iconic shipwreck, Nargeolet envisioned the NFT collection as a novel way to “celebrate, remember, and preserve the legacy of Titanic and its passengers.”. On June 21, a statement was released by RMS Titanic, Inc., the company owned by Nargeolet. The roadmap for the NFT project suggests an ambitious plan. The collection will be launched in three phases. The Genesis NFT collection will be launched in phase one. The Genesis NFT owners would gain access to The Titanic Legacy Council, an organization dedicated to upholding the Titanic’s legacy. In phase two, this membership would enable them to actively participate in significant decisions concerning the exploration, experience, and engagement with the Titanic’s legacy and its artifacts. In phase three, The Artifact Collection will be launched, which will represent more than 5500 physical artifacts salvaged from previous and ongoing expeditions.
NFTs | OpenSea | News
🖼 Puma, Gutter Cat Gang and LaMelo Ball Team Up to Release NFT Sneakers
Web3 streetwear brand Gutter Cat Gang is teaming up with shoe retailer Puma and NBA player LaMelo Ball to release a non-fungible token (NFT) sneaker collection. According to its website, the sneaker collection welcomes a “new era for hoops apparel and fashion,” and was designed by Ball as a part of MB, his fashion collaboration with Puma. Each buyer that purchases the NFT sneakers will also receive a physical counterpart they can flex in real life. Eager buyers can now register to purchase on allowlist platform Premint, though the site has already claimed it’s over-allocated and not all buyers will be able to mint into the collection. Collectors who get on the early access allowlist can purchase the GutterMelo MB.03 sneakers for $175, while those on the early access waitlist will pay $195. The price will then rise to $215 for the public sale. “This collaboration pushes the boundaries of innovation by empowering hoopers to express their unique style both on the court and online, while bringing more mainstream awareness to web3 technology and digital collectibles,” reads the site.While fashion is finding itself a new home in NFTs, streetwear and sneakers have taken the lead in digital fashion.
NFTs | OpenSea | News
📣 FIFA Files Metaverse-Related Trademarks
FIFA, the international governing body of soccer, has submitted trademark applications regarding the metaverse as part of its “WE ARE” initiative. In a display of its expanding interest in virtual reality (VR), the Federation Internationale de Football Association (FIFA) has filed for trademarks across nine additional categories. The recently revealed trademarks, shared on Twitter by intellectual property attorney Mike Kondoudis, highlight FIFA’s growing emphasis on using VR in gaming, fashion, and entertainment. The trademarks serve to safeguard a diverse array of potential online services. They encompass various possibilities, ranging from personalized fitness coaching sessions to captivating laser displays, musical performances, and even live streaming of sporting events. One of FIFA’s earlier endeavors within the metaverse realm involved the creation of a virtual replica of Qatar’s Lusail Stadium, purposefully constructed for the World Cup, enabling viewers to enjoy the tournament from the comforts of their homes. In conjunction with the luxury Swiss watch manufacturer Hublot, the 2022 FIFA World Cup organizers collaborated with the metaverse platform Upland to develop unique virtual experiences and digital assets.
NFTs | OpenSea | News
🖼 Fortnite's Collab With Nike's NFT Platform Doesn't Include In-Game NFTs
Unveiled today, “Airphoria” is a Nike-branded experience within Fortnite’s Creative Mode, letting users go on the “ultimate Nike sneakerhunt” within a Fortnite game world. The experience, which will be live in the game until June 27, can earn players a free in-game “back bling” or avatar accessory styled like a classic pair of Nike Air Max sneakers. But the free item isn’t tokenized as an NFT, nor are there any apparel or accessory NFTs included in this collaboration. While the .Swoosh connection suggested a potential move into tokenized digital items for Fortnite. “The connection between Fortnite and Nike doesn't integrate any NFTs or digital item trading marketplaces into the Fortnite world or its economy,” an Epic Games spokesperson told Decrypt. “Items recognized across these two ecosystems are purely for the enjoyment of the purchaser, and aren't tradeable, transferrable, or sellable, as has always been the case in the Fortnite economy.” Even so, the promotion ties into Nike’s NFT-driven .Swoosh platform, which is built on Polygon, an Ethereum scaling network. Each .Swoosh user is granted a .Swoosh ID for signing up, and it's represented by an NFT minted on Polygon. As an official Fortnite disclaimer mentions, users must connect both .Swoosh and BitGo accounts to earn the achievement.
NFTs | OpenSea | News
🖼 NFT Platform iBox Fined 400,000 RMB for Violating China's Anti-Unfair Competition Law
Hainan Chain Box Technology Co., Ltd, a company associated with the popular Chinese NFT (digital collectible) platform iBox.art, has recently faced a penalty of 400,000 RMB for violating China's Anti-Unfair Competition Law. The law aims to ensure fairness in business promotions, stating that the maximum value of a top prize in a lottery-style sales event should not exceed 50,000 RMB. During two promotional campaigns, Hainan Chain Box Technology Co., Ltd disregarded this regulation by offering extravagant prizes. The company's actions have come under scrutiny following user complaints about iBox.art abruptly shut down the digital collectible resale market without obtaining user consent. This move effectively blocked transactions involving collectible items. China has been closely monitoring NFTs and digital collectibles due to the potential risks involved. The Supreme People's Procuratorate of China, the country's leading legal agency, recently issued warnings about the dangers of NFTs, emphasizing the need for new legislation to govern this emerging asset class. The agency highlighted that NFTs share characteristics with virtual properties and urged caution in their trading.
NFTs | OpenSea | News
📣 Skoda Auto forays into NFTs with Skodaverse India
Carmaker Skoda on Tuesday revealed its first Web3 foray in the form of non-fungible tokens (NFTs) with Skodaverse India. Users will be able to buy, trade, and engage with NFTs in the Web3 environment in Skodaverse. The carmaker will be pursuing the project along with NEAR protocol, a decentralised application platform and competitor to Ethereum. Skoda is also consulting with blockchain consulting firm Antier to create unique NFTs. Each NFT is set to unlock exclusive experiences for its users, NEAR said in a blog post.Christian Cahn von Seelen, Executive Director of Sales, Marketing and Digital, Škoda Auto Volkswagen India, sees Skodaverse as a dynamic hub for connection and creativity."It also showcases our commitment to sustainability and innovation through leveraging carbon-neutral blockchain technology that enables secure, transparent, and decentralised transactions," Seelen said.Users can sign in, create, maintain their profiles, and monitor for updates via Škodaverse India’s Discord, Telegram, and Twitter, the companies said.
NFTs | OpenSea | News
🖼 New ‘Ethscriptions’ NFT Protocol Hits 30k Mints and Counting
Emerging digital asset and NFT protocol ‘Ethscriptions’ is now in the limelight. Snatching inspiration from Bitcoin Ordinals but with an Ethereum-based twist, this marvel of code craft witnessed an overwhelming response, with its first batch of 10,000 assets ‘Ethereum Punks’ being claimed almost instantly. High demand momentarily crippled the API interface of Ethscriptions’ official website. However, these technical issues didn’t prevent it from hitting the notable milestone of 30,000 mints within just 18 hours of going live. Although Ethscriptions is already receiving a notable amount of attention, questions are being raised regarding whether or not it will rapidly rise like Bitcoin Ordinals. In just half a year, Bitcoin Ordinals witnessed a total of inscriptions skyrocket from nothing to a mind-boggling 10 million. The protocol’s fame was spurred by Web3 fanatics’ fascination with being able to mint on the Bitcoin network using the BRC-20 token standard. The streamlined and state-of-the-art approach of the NFT protocol Ethscriptions carving an even greater niche is likely. The tool opens up inspiring avenues for the frontiers and collectors of blockchain-based collectibles, with alluring prospects ahead.
NFTs | OpenSea | News
📣 Transcosmos launches a Metaverse Fan Community with QON
transcosmos inc. is delighted to announce that the company launched MINNA-NO Metaverse Community with QON Inc. (Headquarters: Minato-ku, Tokyo; Representative Director & CEO: Takashi Takeda), on June 1, 2023. As the name indicates, a metaverse fan community, MINNA-NO Metaverse Community, welcomes everyone including those who enjoy the metaverse experience every day as well as those who know nothing about the metaverse. MINNA-NO Metaverse Community opened in KIZUNA-NO Community, or community built on strong Bonds. KIZUNA-NO Community is an online fan community platform launched in January 2020, and is operated by QON. Today, more than 40 companies and local governments and over two million consumers come together on the platform, interacting on various events and activities on the theme of KIZUNA – Bonds. Members can not only enjoy collaborative plans between member companies and organizations, but also events planned based on the voice of consumers gathered through two-way communication for co-creating value.
NFTs | OpenSea | News
⚡️ Tuwaiq Academy launches metaverse training camps in Riyadh
Tuwaiq Academy has opened registration for the Metaverse Academy camps for students in Riyadh. The camps, the first of their kind in the Middle East and North Africa, will be held in partnership with Meta and will teach trainees to build and develop metaverse systems. Three educational tracks will vary in duration, with one-day, four-week and nine-month options available, and will be held at the academy's head office in Riyadh. The second track, a four-week course, will allow trainees to develop their skills in metaverse technologies using Meta Spark software. The third track is an intensive nine-month program that will immerse trainees in the world of the metaverse by offering experience as a developer of 3D immersive real-time applications and creating AR effects using Meta Spark Studio. The Tuwaiq Academy has partnered with multinational corporations including Google, Amazon, IBM, Cisco, Apple, Alibaba Cloud, Oracle, Microsoft, Trend Micro and Offensive Security to launch training programs. More than 3,000 people benefit from the Tuwaiq Academy through camps.
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🔫 Metaverse to help tackle global warming: Study
A recent study suggests that the metaverse, a virtual 3D environment where the physical and digital worlds merge, has the potential to contribute to the reduction of global surface temperatures by up to 0.02 degrees Celsius by the end of the century. Published in the journal Energy & Environmental Science, the study highlights the metaverse's ability to lower greenhouse gas emissions, decrease atmospheric carbon dioxide concentration. The study emphasizes the potential benefits of metaverse-based remote working, distance learning, and virtual tourism in improving air quality. By reducing transportation and commercial energy usage, the metaverse can also contribute to transforming energy distribution, with a greater energy supply directed towards the residential sector. Fengqi You, a professor in Energy Systems Engineering at Cornell University, explains that the study aims to understand the energy and climate impacts of this technology and uses rigorous systems analytics to analyze statistical significance, potential pathways, and available data.
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