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🇦🇪 Widespread acclaim for Dubai Judicial Institute’s forward-thinking metaverse endeavours
The Dubai Judicial Institute (DJI) successfully concluded its participation at GITEX Global 2023, which took place at the Dubai World Trade Centre from 16 to 20 October. The Institute’s stand garnered significant attention for its innovative services and initiatives, primarily focusing on its pioneering adoption of metaverse technologies in judicial training and development. In addition, numerous local and federal government officials visited the Institute’s stand, commending its remarkable advancements in judicial training methodologies. The Institute’s commitment to supporting judicial excellence and global competitiveness was evident, reaffirming its role as a pioneering institution offering a unique judicial development experience and disseminating legal knowledge within society. During the exhibition, the Dubai Judicial Institute received an honour from the Dubai Digital Authority in recognition of its vital contributions to enhancing Dubai’s competitiveness and reinforcing its position as the world’s foremost digital capital. This accolade was presented during a ceremony dedicated to recognising strategic partners from government entities. This ongoing commitment underscores the DJI’s dedication to providing distinctive and pioneering training opportunities and solutions that align with the evolving needs of the judiciary.
NFTs | OpenSea | News
🔫 Northlands College launches first in Saskatchewan Metaverse Campus
Northlands College, which has physical campuses in La Ronge, Creighton, Air Ronge and Buffalo Narrows has added another one as it recently launched the Northlands College Metaverse Campus. Northlands is one of the few colleges in Canada to establish a full campus presence in the Metaverse. The college touted the achievement as a new era of transformational learning that helps them continue to push the boundaries of education and integration of technology across Northern Saskatchewan. Karsten Henriksen, the President and CEO of Northlands College, said the initiative is part of the college's Year of Transformation in 2023. “That Year of Transformation is really about where we are going as Northern Saskatchewan's post-secondary institution,” Henriksen said. “Northland College is demonstrating leadership on a national level and I think it's high time that northern residents are proud of the innovation that happens in northern and rural remote communities, not only in northern Saskatchewan but from coast to coast to coast.” “What we see in Northern Saskatchewan with the mining industry, the natural resources sector and really every aspect of our economy is the transition to a digital economy,” he said.
NFTs | OpenSea | News
📊 Metaverse in Finance Market to grow by USD 107.06 billion from 2022 to 2027
The "metaverse market in finance by components (hardware and software), end-user (brokerage firms, investment banks, commercial banks, and others), and geography (North America, Europe, APAC, South America, and Middle East and Africa) - Forecast and Analysis 2023-2027" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The integration of VR and AR platforms is a key factor driving market growth. Banks are working on strategies for increasing their presence in the metaverse and providing customers with improved services when they spend more time there, in addition to offering payment platforms. Furthermore, participants can now track and visualize financial markets in more depth, owing to enhanced AR or mixed reality (MR)-based stock trading and investment. Hence, these factors are expected to drive market growth during the forecast period. Although enterprises and financial services organizations continue to upgrade their IT security systems, users of the metaverse have had a longstanding concern about data protection and safety.
NFTs | OpenSea | News
⬜️ OKX Advances Blockchain and Web3 Education with 'NFT For School, NFT For Good' Event for Hong Kong Students
OKX, a leading global virtual asset exchange and Web3 technology company, hosted the 'NFT For School, NFT For Good' event in Hong Kong on 14 October. The event was organized in collaboration with NGO HandsOn HK and Yan Tak Catholic Primary School with the aim of offering local students a unique opportunity to learn about blockchain and Web3 technologies. Twenty students from primary five and six of Yan Tak Catholic Primary School attended the inaugural event. The event was the first of its kind in the city and included an interactive workshop for students to create their own artwork and NFTs. It also featured a lecture on digital literacy, focusing on blockchain, Web3 technologies and information ownership. During the four-hour session, primary school students used photography, AI and Web3 tools to create their own NFT collection under the theme of 'Our School in My Eyes.' OKX Global Chief Commercial Officer Lennix Lai said: "We're thrilled to see the enthusiasm of primary school students towards Web3 technology. As Hong Kong continues its quest to establish itself as an international Web3 hub, participation from our next generation is crucial and we look forward to hosting more events like this as part of our continued efforts in user education and promoting Web3 adoption."
NFTs | OpenSea | News
🔫 Metaverse in Fashion Market to grow by USD 6.61 billion from 2021 to 2026
The metaverse in fashion market by platform (computer, mobile, and headset) and geography (North America, APAC, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the metaverse in fashion market between 2022 and 2026. The growing number of fashion brands entering the metaverse platform is a key factor driving market growth. The possibility of transforming an online shopping experience is possible using metaverse platforms. Fashion brands, especially clothing brands, largely depend on attractive branding and branding for sales. Clothing brands use the metaverse platform to enhance their reputation. For example, in April 2022, Nike and RTFKT jointly launched a virtual shoe called the RTFKT x Nike Dunk Genesis CRYPTOKICKS collection. Learn about additional key drivers, trends, and challenges available with Technavio. Read Free Sample PDF Report Now
NFTs | OpenSea | News
❕ Metaverse gaming more about content creators than land speculation, says The Sandbox cofounder
The high-flying days of metaverse land speculation might have come to an end, but according to The Sandbox co-founder Sébastien Borget, this hasn't slowed down the adoption of digital spaces by major brands and users in Asia and the Middle East. Interest in The Sandbox, which is a blockchain-based twist on the voxel gaming craze popularized by Minecraft, has shifted away from speculation and toward offering real gaming experiences. Meanwhile, data from The Block's data dashboard reveals that the price of digital land, which creators must possess to offer mini-games experiences, has remained stagnant. Since the start of the year, the seven-day moving average for land sale prices on Sandbox has consistently hovered between $500 and $1,000 per plot. This is a significant departure from the staggering price tags of over $15,000 per plot that were achievable in 2021. The summer experience provided players with the opportunity to win a year's supply of McNuggets and 100,000 SAND, Sandbox's native token. In some instances, Sandbox collaborates with these brands to offer experiences and attract players through revenue sharing.
NFTs | OpenSea | News
🖼 Wallet Wars’ raW Pass NFTs sells out in 5 minutes
RaW Pass, a new non-fungible token (NFT) collection linked to the upcoming Web3 game Wallet Wars, sold out within 5 minutes after its first mint on Wednesday, blockchain infrastructure developer Balthazar DAO announced. The assets act as upgradeable ships for Wallet Wars, a Space Invaders-inspired NFT game created by Animoca Brands-backed Balthazar DAO, and give users access to rewards and governance rights. RaW Pass is a collection of 5,555 NFTs which debuted with a 0.035 Ether (around US$5) mint price. John Stefanidis, the co-founder and chief executive officer of Balthazar DAO, told Forkast that his team has produced non-inflationary NFTs to avoid a speculative economy. “In fact, its ship NFTs are only valid for one season and are deemed worthless after the season ends,” said Stefanidis. “We want to focus on gameplay, an enjoyable user experience and building on a powerful ecosystem that rewards players and raW Pass holders.” Blockchain technology can unlock a new game economic layer, including transferring and owning in-game items. However, developers in the blockchain gaming sector still face the challenge of discovering a model that retains player engagement. Balthazar DAO says 90% of the net earnings — anticipated to be around US$500,000.
NFTs | OpenSea | News
🖼 AptosOne introduces Graffio, a user-centric NFT art canvas
Graffio, a new product from AptosOne, has been released. In the form of NFTs (non-fungible tokens), the platform provides users with a distinct canvas for displaying their art. The announcement was made on the official X/Twitter account of Aptos Network. The network shared a step-by-step guide to help users get started with Graffio. Aptos Network has simplified the process of creating art-based NFTs. To continue using Graffio, however, users must adhere to several Aptos-established rules. Aptos Network is powering this communal art creation. Therefore, it boasts low fees, high throughput, sponsored transactions, and effortless social media logins through Identity Connect. Users can rest assured that Aptos is backing the system, as they can also contribute to the product. Aptos has invited users to show their creativity on the canvas; however, the network will also moderate the entire process. Aptos Network has simplified the process of creating art-based NFTs. To continue using Graffio, however, users must adhere to several Aptos-established rules. At the same time, Aptos made it clear that the network has the right to clear, moderate, or edit the canvas. The Aptos community has shown a warm response to the news, helping Graffio start on a positive note.
NFTs | OpenSea | News
💰 Shiba Inu NFT Project Sets Launch Date on Shibarium
ColonelCoup stands proudly as the official mascot of Shib CoOP, an inclusive community comprising forward-thinking developers, passionate investors, and ingenious creatives united in their dedicated pursuit of advancing the SHIB metaverse. With the ColonelCoup collection poised to mint on the auspicious date of Wednesday, October 11, excitement and anticipation reverberate throughout the Shiba Inu ecosystem. ColonelCoup embraces an innovative approach to NFT acquisition by employing a blind minting mechanism. During the minting process, users will purchase NFTs without prior knowledge of the specific item they will receive. This adds an element of surprise and rarity to the collection, heightening the overall appeal for collectors seeking unique and exclusive pieces. Following the minting phase, the NFTs will remain shrouded in secrecy for a tantalizing three days until the eagerly anticipated reveal on Saturday, October 14. To actively participate in the mint event and secure coveted ColonelCoup NFTs, users must hold both SHIB and BONE tokens on the Shibarium network.
NFTs | OpenSea | News
🖼 NFT Games Are Not to Be Considered Gambling, Votes French National Assembly
On Tuesday, the French National Assembly passed the so-called Sorare law, introducing the first dedicated regulatory framework for video games tapping NFTs and crypto-powered monetization schemes. Referred to as the "Jonum regime," which stands for games with monetizable digital objects, the text seeks to balance fostering innovation among French startups and ensuring user protection. For the first time in legal terms, this legislation defines Jonum, paving the way for a potential new regulatory framework. “SREN may contribute to legitimize the sector which is fast-growing and had suffered from scams the last few years,” Karima Lachgar, CEO and head of group legal and regulatory strategy at Olky Wallet, told Decrypt. Now, the text must undergo examination by the Constitutional Council, which has the authority to review and potentially reject it–something several deputies are still hoping for. Per reports from Les Echos, opponents have pointed out that the law would give preferential treatment to crypto games rather than online casinos. If that plays out, Lachgar even suggested that under the new law, gambling platforms may move “to enter into the play-to-earn and Web3 sector like PMU.”
NFTs | OpenSea | News
🪙 ApeCoin DAO Launches All-New NFT Accelerator
According to reports, and following the successful approval of Ape Improvement Proposal (AIP) 209, ApeCoin DAO is poised to launch an NFT accelerator program alongside Forj - an NFT platform of Animoca Brands origin. As first reported by Decrypt, Forj has been bestowed the responsibility of constructing and running the new accelerator program, with ApeCoin DAO providing the funding to facilitate it, as detailed in AIP-209, which was first proposed in ApeCoin’s forum in early 2023. ApeCoin’s new collaboration with NFT-creation platform, Forj, may come as a much needed boost to the current state of the NFT industry. ApeCoin’s choice of using the Forj platform is alleged to have stemmed from its pre-existing network, owing to its Animoca affiliation, as well as its apparent track record across gaming, music, collectible items, and the entertainment industry. The news may come as a much needed boost for the NFT industry which, having soared to near-unbelievable levels in 2021 and early 2022, has since collapsed in value and monthly transaction volume.“We chose to launch on ApeCoin because it has the most collaborative and socially engaged community across Web3", Forj’s CEO is reported to have said.
NFTs | OpenSea | News
🖼 NFT giants are protesting Blur and OpenSea over royalty rates
Major players in the non-fungible token (NFT) space, including Yuga Labs Inc., creators of the Bored Ape Yacht Club and CryptoPunks, along with Pudgy Penguins collection, are reevaluating their partnerships with dominant marketplaces like Blur and OpenSea. Some are either suspending new listings or contemplating such actions, according to reports from Bloomberg. This year, both Blur and OpenSea have significantly reduced the royalty percentages that creators receive from secondary market transactions. Yuga Labs has taken the initiative to halt trading of its newest NFT collection, Mara, on Blur and OpenSea, stating that only marketplaces that maintain adequate royalties will have the privilege to list their tokens. The company even disclosed job cuts in light of the adverse market conditions. Originally, Blur made headway in the market with its competitive low-fee structure, rapidly overtaking OpenSea and forcing the latter to reevaluate its fee policies. As of now, Blur’s base royalty fee is pegged at 0.5%, while OpenSea has transitioned to optional creator fees. Collectively, these platforms are responsible for around 70% of all NFT transactions.
NFTs | OpenSea | News
🔫 Nano Labs Launches iPollo Metaverse Photography Studio Service
Nano Labs Ltd (Nasdaq: NA) ("we," the "Company" or "Nano Labs"), a leading fabless integrated circuit design company and product solution provider in China, today announced the introduction of a new photography studio service (hereafter, "the New Service") within its iPollo Metaverse business segment. The New Service, which merges 3D scanning and printing services, aims to offer innovative experiences in digital avatar collection and the creation of lifelike 3D figures. The New Service, featuring an image scanning cabin, adeptly captures athletes' memorable moments, solidifying its status as one of the most sought-after technological applications in the Asian Games Village. Integrated with iPollo's 3D scanning, printing, and AR technologies, the iPollo Metaverse crafts varied digital environments for multiple IPs, enhancing user engagement and hastening the digital transition of IPs into the Metaverse realm. Furthermore, iPollo's 3D full-color printing technology brings digitized IPs to life in exquisite form, while providing personalized services to users through its iPollo Store, thereby showcasing the allure of the Metaverse. Moreover, the Company has successfully initiated the tape-out of Cuckoo 3.0.
NFTs | OpenSea | News
🔫 Baidu unveils mini metaverse for virtual human Du Xiaoxiao
Baidu World 2023 conference, Baidu has revealed Baidu Xiao Universe, a metaverse-like mini ‘virtual space’ where the users can interact with Baidu’s AI-powered digital human Du Xiaoxiao. Built in collaboration with Shenzhen-based tech start-up Lingjing Zhiwei, the ‘mini space’ is a ‘digital amusement park’ that incorporates digital technology, entertainment and social functions. At the beginning of this year, Baidu made the ambitious claim that the MetaStack function of its metaverse platform XiRang enables companies to independently build metaverse spaces in just 40 days. The new ‘Baidu Xiao Universe’ mini space, built with Lingjing Zhiwei, also aims to optimise virtual worlds to be feature-rich but also require less computing power. These efforts are helping to make the virtual world more accessible as a marketing tool. With Du Xiaoxiao as their guide, the visitors can complete mini tasks and ‘unlock more computing power’ to enable more features, watch an AI-generated music video featuring Du Xiaoxiao, interact with branded content such as a quiz and socialise with each other.
NFTs | OpenSea | News
🖼 Bybit Partners with MIBR for Unique NFT Collection Celebrating Esports Legacy
Bybit, a prominent player in the global cryptocurrency exchange arena, has joined forces with Made in Brazil (MIBR) to introduce a distinctive NFT collection paying tribute to the esports team’s impressive two-decade journey. Set to be unveiled on October 24, this forward-thinking initiative seamlessly bridges the gap between the physical and digital realms. The ‘MIBR NFTs’ offer a premium selection of 12 jerseys that chronicle MIBR’s illustrious twenty-year history. Available on Bybit’s user-friendly platform, the collectible MIBR jerseys are offered in various levels of rarity. The ‘Standard Editions’ are limited to 250 prints each, while the ‘Ultra-Rare’ versions are a truly exclusive find, with only 5 copies in existence. Impressively, 6 of these virtual assets will be made available at no cost to the fortunate few. For dedicated collectors who manage to acquire the entire set of Bybit MIBR NFTs, a unique, personalized, autographed MIBR jersey awaits as a prized reward. Fans who amass 11 NFTs will receive a one-of-a-kind acknowledgment in the form of a shoutout from their cherished MIBR player. Furthermore, those who own between 7 and 10 jerseys can revel in exclusive MIBR store discounts and a substantial $BRZ bonus on Bybit.
NFTs | OpenSea | News
🔫 Ashoka global DMCC ventures into the metaverse through Partynite
Aumverse FZCO, a Dubai based Joint Venture Company between Ashoka Global DMCC and Createrse FZCO, announce its collaboration with PartyNite to join the world of the metaverse which will be called GoldVerse. This partnership marks a step towards bringing together the gold jewellery dealers of the MENA region under one roof creating a experience for traders and consumers alike. Leading brands of Indian origin will also mark their presence on GoldVerse. The GoldVerse is set to revolutionize the way gold enthusiasts interact with the metal. It promises to offer an blend of virtual reality and live commerce, enabling real-time transactions within the metaverse. Users will have the opportunity not only to view but also create a diverse range of gold jewellery designs but also to try them on and make purchases. These purchases will have logistical backing as each jewellery brand within the GoldVerse will establish its own delivery mechanism, while the backend processes will be managed by Partynite. The phygital arrangement of association enables buyers from around the world to enter this parallel gold souk that the Middle East has been showcasing to the world and make actual purchases that will be delivered.
NFTs | OpenSea | News
🖼 Singapore court authorizes freeze order attached to wallets as soulbound NFT
The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts. A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the wallets in question. The NFTs will not prevent transactions with the wallets but will serve as a warning to counterparties and exchanges. In addition, iSanctuary claimed it has devised a means of tracking funds leaving the wallets, thanks to the NFTs. The NFTs will be permanently attached to the wallets. No additional details were provided. iSanctuary named Mintology, an app created by Singaporean NFT studio Mintable, as the producer of the NFTs. That was indirectly confirmed by Mintable founder Zach Burks in a posting on X (formerly Twitter). The Straits Times reported on Oct. 17 that the case was related to a stolen private key and that Singapore-based crypto exchanges were involved in laundering the funds from the hack by fraudsters “purported to be from Singapore.” It added that the case “spans countries from Singapore to Spain, Ireland, Britain and other European countries.”
NFTs | OpenSea | News
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📣 Indian Jewellery brands to hop onto Partynite Metaverse forming a parallel Gold Souk called GoldVerse
Aumverse FZCO, a Dubai based Joint Venture Company between Ashoka Global DMCC (a prominent International Bullion House and leading gold trading entity) and Createrse FZCO (a Dubai-based pioneer in Metaverse sectoral play), is proud to announce its collaboration with PartyNite to join the exciting world of the metaverse which will be called GoldVerse. This strategic partnership marks a significant step towards bringing together the gold jewellery dealers of the MENA region. Leading brands of Indian origin will also mark their presence on GoldVerse. This collaboration also marks the commencement of PartyNite's worldwide expansion, unveiling the metaverse in all its splendour, enhanced by the immersive technologies of both AR and VR. The GoldVerse is set to revolutionize the way gold enthusiasts interact with the precious metal. It promises to offer an innovative blend of virtual reality and live commerce, enabling real-time transactions within the metaverse. Users will have the opportunity not only to view but also create a diverse range of gold jewellery designs but also to try them on and make purchases seamlessly. These purchases will have strong logistical backing as each jewellery brand within the GoldVerse.
NFTs | OpenSea | News
📊 Metaverse in FMCG Market to grow by USD 2.11 billion from 2021 to 2026
The "metaverse in FMCG market by platform (computer, mobile, and headset), and Geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2022-2026" report has been added to technavio offering. With ISO 9001:2015 certification, Technavio has proudly partnered with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the metaverse in FMCG market between 2022 and 2026. The growing number of FMCG brands entering the metaverse platform is a key factor driving market growth. FMCG brands, especially beverage brands, are largely dependent on attractive labels and branding for sales. The Coca-Cola Company, AnheuserBusch Companies, LLC., and PepsiCo are some of the biggest brands in the world showing interest in the metaverse market. To improve brand awareness, alcohol brands are making use of the Multiverse Platforms. For example, the launch of Coca-Cola Zero Sugar Byte by The Coke Company in April 2022, a new Virtual Drink on the Metaverse Platform. Hence, these factors are expected to drive market growth during the forecast period.
NFTs | OpenSea | News
🖼 Yuga Labs CEO Is Learning Making NFT Games Is Hard
Daniel Alegre, CEO of Bored Ape Yacht Club creator Yuga Labs, published a lengthy essay on Twitter (aka X) late Tuesday evening, part of which details the company’s challenges and shortcomings with game development—including for its upcoming metaverse game Otherside. “While Dookey Dash was a fun game and experience, we have fallen well short of expectations with Forge,” Alegre wrote, referring to the startup’s HV-MTL Forge game. HV-MTL Forge is a social building and mech management game where players must complete tasks. Yuga Labs has similarly acknowledged the technical issues with its latest game experience, Legends of the Mara (LotM), as it faced server issues and outages for maintenance in recent weeks. “The lessons that we are actively learning are that we need to rely on seasoned gaming partners to help build our experiences,” Alegre said. The very long Twitter post detailed Alegre’s observations about each of the crypto firm’s different NFT collections and initiatives over the past six months, which ranges from its Bitcoin Ordinals “TwelveFold” NFT collection launch to the “strained” relationship Alegre noticed between owners of the CryptoPunks NFTs and Bored Ape NFTs when he joined the company in December 2022.
NFTs | OpenSea | News
🔫 Bandai Namco suspends downloads of Gundam Metaverse after leakage rumors swirl
Japanese game publisher Bandai Namco today suspended the downloads of its newly launched Gundam Metaverse after rumors circulated surrounding the leakage of the design files of certain highly anticipated Gundam models. “We are sorry that downloading the client files has been temporarily suspended,” Bandai Namco said in an announcement. “We apologize for the inconvenience. We will inform you on this website when the download will be available again.” The abrupt halt of downloads comes just a week after the metaverse game opened up its general access to the public in the U.S. and Japan on Oct. 11, according to its website. However, rumors emerged earlier this week that the downloads contained unencrypted design files related to certain models for Gundam Seed Freedom, an upcoming animated film set to be released in January 2024, according to images posted on Reddit and Hong Kong news site HK01. Last month, Bandai Namco said in a press release that the Gundam Metaverse Project aims to become a gathering place for Gundam fans from around the world to engage with various types of content, including user-generated content such as fan-created Gunpla.
NFTs | OpenSea | News
⬜️ OKX Partners with Digital Art Fair to Launch Limited-Edition NFT for VIP Ticket Holders in Hong Kong
OKX, a leading global Web3 technology company, today announced the launch of a limited-edition NFT, called 'Digital Art Fair NFT POAP,' available to VIP ticket holders of the Digital Art Fair's Asia Edition 2023 in Hong Kong. The fair, which takes place from October 19 to October 23 at the K11 Art & Cultural Centre, K11 MUSEA, will showcase cutting-edge digital art installations and feature Web3- and AI-focused panels and fireside chats. Built on the OKT Chain, Digital Art Fair NFT POAP will serve as a pass that unlocks exclusive privileges for VIP ticket holders of the Digital Art Fair, particularly those who attend the fair's official opening party: 'Come As Your Art.' Taking place on the 6/F at K11 MUSEA from 6:00 to 10:00 pm (HKT) on October 20, VIP ticket holders who attend the opening party and present their Digital Art Fair NFT POAP to representatives of the OKX Web3 team will receive a fine art print by Jonathan Jay Lee, Digital Art Fair's 'Artist of the Year' and one of Hong Kong's most sought-after illustrators. NFT POAP will be free to mint via OKX Wallet for a select number of non-VIP opening party attendees
NFTs | OpenSea | News
🔫 Bitcoin Metaverse Token Pre-Sale From ‘Life Beyond’ Team Raises $3.5M
The reports of the death of the metaverse have been greatly exaggerated, and venture capital continues to flow into companies developing it—or at least developing what many in Web3 hope will be the next generation of gaming experiences. On Tuesday, “Life Beyond” developer Darewise Entertainment announced that it had raised $3.5 million in token presales. “For this round, we are thrilled to welcome meaningful investors who not only believe in our project and values. "Life Beyond" is an open-world sci-fi game where players attempt to build a new civilization powered by NFTs and a tokenized digital economy. The Darewise token is slated to launch early next year and was developed with Horizon Labs, the team behind the Ethereum-based ApeCoin (APE) token, which launched in March 2022. Launched in 2018, Darewise Entertainment aims to build its metaverse ecosystem around Bitcoin Ordinals, the NFT-like sensation that took crypto by storm earlier this year. The Ordinals protocol lets users “inscribe” images, text, and even video games on the Bitcoin blockchain and create BRC-20 tokens. Ordinal inscriptions are digital assets digitally recorded to a single satoshi, the smallest denomination of a Bitcoin.
NFTs | OpenSea | News
🔫 BitNile Metaverse Regains Compliance with the Nasdaq Voting Rights Rule
BitNile Metaverse, Inc. (Nasdaq: BNMV) (“BitNile Metaverse” or the “Company”), announced today that it has regained compliance with the Nasdaq Voting Rights Rule. On September 28, 2023, the Company amended the Certificates of Designation for both the Series B and Series C Preferred Stock to remove all voting rights from these series. As a result, the Company has regained compliance with the Voting Rights Rule. Founded in 2011, BitNile Metaverse owns 100% of BNC, including the BitNile.com metaverse Platform. The Platform, which went live to the public on March 1, 2023, allows users to engage with a new social networking community and purchase both digital and physical products while playing 3D immersive games. In addition to BNC, BitNile Metaverse also owns three non-core subsidiaries either directly or indirectly: approximately 66% of Wolf Energy Services Inc. (OTCQB: WOEN) indirectly; and approximately 89% of Agora Digital Holdings Inc. directly. BitNile Metaverse also owns approximately 70% of White River Energy Corp (OTCQB: WTRV). “We are pleased to regain compliance with Nasdaq’s Voting Rights Rule and look forward to a continued healthy relationship with the exchange.
NFTs | OpenSea | News
🔫 Roblox says employees must return to office because the metaverse still isn’t good enough
Roblox — a company that builds a hugely popular virtual experiences platform, recently introduced its own spin on video chat, and even created an in-Roblox career center — is “transitioning away” from remote work and will be asking “a number of our remote employees to begin working from our headquarters in San Mateo by next summer,” CEO David Baszucki wrote in an email to staff shared publicly on Tuesday. Roblox went fully remote in March 2020, but, according to Baszucki, the company had “numerous deep discussions” about its future and ultimately decided that “we needed to get back to working in person.” While he “hoped” that it “might be possible to imagine a heavily hybrid remote culture,” he had a “pivotal moment” during the company’s first “post-quarantine, in-person group gathering,” he says. “Within 45 minutes I came away from three separate conversations with spontaneous to do’s and ideas to put in motion, something that hadn’t happened during the past few years of video meetings.” Staffers who “are not able to relocate” can stay at the company until April 15th, 2024.
NFTs | OpenSea | News
🖼 Sega’s Co-COO Envisions a Future for NFTs in Blockchain Gaming
Sega’s Chief Operating Officer, Shuji Utsumi, recently conveyed optimism about the prospects of blockchain gaming and the potential role that Non-Fungible Tokens (NFTs) may play in shaping the future of video games. This positive outlook comes despite his prior statement to Bloomberg, just a few months ago, where he expressed his view that play-to-earn games were “boring.” The Co-COO’s perspective is part of a broader discussion surrounding Sega’s recent licensing arrangement. Sega, known for iconic titles like Sonic the Hedgehog, has licensed its Sangokushi Taisen card game’s intellectual property to the blockchain firm Double Jump.Tokyo. This partnership aims to create a brand-new trading card game (TCG) called “Battle of Three Kingdoms,” featuring NFT cards inspired by the original 2005 game. Utsumi’s remarks are intricately linked to this licensing arrangement and its potential implications. The new Sega-licensed TCG, “Battle of Three Kingdoms,” is geared towards the Asian gaming market. It is expected to include more than a hundred unique cards and will receive ongoing support in the form of game patches and upgrades after its initial release. This endeavor reflects Sega’s commitment to revitalizing the old game’s intellectual property while safeguarding its core elements.
NFTs | OpenSea | News
🖼 NFT market slump shows it’s maturing toward ‘genuine utility,’ execs argue
A steep collapse in the price of nonfungible tokens (NFTs) shouldn’t be seen as a sign of distress but rather a signal the technology is maturing, according to Web3 executives. “I wouldn’t say the NFT market has regressed,“ Decentraland Foundation executive director Yemel Jardi told Cointelegraph. “Rather, it’s maturing." Jardi’s comments come after a September report from dappGambl that analyzed over 73,000 NFT collections and concluded that as much as 95% of the NFTs studied had no value, as prices, sales volume and transactions have slid over the past year. Jardi stressed that markets are cyclic and it is natural for there to be periods of adjustment. Anjali Young, co-founder of the tokenized community-management platform Collab.Land, isn’t surprised about the anti-NFT sentiment either. “Any innovation — especially this one with financial impact, cultural value and status — will attract questioning during its downs,” she said. Young believes many projects have stumbled since marketplaces such as OpenSea removed mandated royalty fees in late August. Despite this, Young claimed that NFTs are “here to stay” and expects they will be more frequently used for loyalty programs, rewards, advertising and proof of authenticity in the coming months.
NFTs | OpenSea | News
🖼 NFL Alumni Embrace NFTs to Empower Retired Football Players
The NFL Alumni Association, an independent nonprofit organization composed of thousands of former players, coaches, executives, spouses, and cheerleaders, has always strived to provide assistance and benefits to retired athletes. Now, they are taking it a step further by embracing the potential of NFT collectibles. By teaming up with Aventus, the organization plans to create NFTs that feature the name, image, and likeness of retired players who choose to participate in this innovative initiative. The concept of NFT collectibles represents an evolution in how athletes can monetize their memorabilia and trading cards. Unlike physical items that can be resold without the original player receiving any further benefits, NFTs offer a unique solution. By leveraging blockchain technology, these digital assets provide authentication, protection, and ownership rights to the creators, ensuring that they receive their rightful rewards. The NFTs being developed under this partnership will showcase iconic on-field moments from retired players’ illustrious careers. For instance, an NFT of Brad Edwards, former safety and CEO of the NFL Alumni Association, may capture his memorable two-interception game for Washington in Super Bowl XXVI, where they triumphed over the Buffalo Bills.
NFTs | OpenSea | News