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🔫 Animoca Brands Bolsters Metaverse Gaming Through Azarus Acquisition
Animoca Brands recently revealed their acquisition of Azarus, a pioneering Web3 streaming platform. The purchase of a majority stake in Azarus marks an effort to seamlessly integrate Azarus’ innovative blockchain-based game streaming technology into Animoca Brands’ extensive portfolio, thereby amplifying the streaming capabilities within the realm of Web3 games. While the financial details of this acquisition remain undisclosed, it signifies Animoca Brands’. Animoca Brands has a history of substantial investments in numerous Web3 game companies, and this latest endeavor aligns with their broader vision of harnessing Web3 technology to cultivate a player-owned economy. Their overarching goal is to empower creators, gamers, and streamers with the ability to exercise control over their digital property rights. By uniting Azarus’ proficiency in blockchain-driven game streaming with Animoca Brands’ extensive experience in digital game development and publishing, the collaboration aims to expedite a significant transformation in gaming culture, with Web3 at its core.
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🔫 WGIC releases report on the geospatial industry’s place in the metaverse
The term “metaverse” was first brought into the English lexicon over 30 years ago, with author Neal Stephenson introducing the word in his 1992 book Snow Crash. For a long while after that, the word was largely under-the-radar, thought of as theoretical when it did come up, but the last few years have seen a surge and subsequent crashing of public opinion about the idea. In the time since, we have seen about as strong a representation of the Gartner Hype Cycle as one can remember in recent times. A lot of the work being done in this area continues to be spearheaded by geospatial companies and those adjacent to the space, because as we’ve talked about before geospatial concepts are central to this idea of a metaverse. While the hype has died down since that article was published, it remains the case, and this point was recently hammered home once again with the release of a report by the WGIC entitled Bringing Geospatial Context to the Metaverse: Considerations for the Next Steps. The point of this report, as the title suggests, is to bring “geospatial context to the metaverse and provide specific considerations for the next steps towards expanding the value proposition of geospatial technology.”
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🔫 HTC VIVE expands metaverse applications to cover more targeted industries
HTC VIVE is expanding its virtual reality ecosystem to boost VR and Metaverse applications in business, covering tourism and education, the company said in Shanghai. It fits well with Shanghai's strategy to develop the metaverse industry with a targeted industry output of US$50 billion by 2025. In addition to VR headsets and devices, a VR and metaverse ecosystem makes sense. HTC VIVE is joining hands with Chinese firms like China Mobile and ZTE to co-develop the ecosystem, HTC VIVE said. The company is exploring business opportunities like remote collaboration, training, education, therapy and rehabilitation, design and marketing visualization, and exhibitions, industry officials said in Shanghai. The on-site demo covers tourism, gaming and education applications. Shanghai is the first city nationwide to draft a long-term blueprint for the development of metaverse applications, which connect the virtual and real worlds with advanced tech. It fits well with Shanghai's strategy to develop the metaverse industry with a targeted industry output of US$50 billion by 2025. The city announced previously to boost the metaverse industry with an expected output of 350 billion yuan (US$50 billion) in 2025.
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🖼 Parallel to Bolster Sci-Fi Gaming with 120 New NFT Cards
Parallel Studios is on the brink of expanding its Web3 gaming prowess with 120 additional sci-fi NFT trading cards dubbed ‘Planetfall’ through a presale of mysterious blind bundles on October 28 at 3 pm (EST). Gamers will shortly be faced with a trifecta of unique card bundles that introduce brand-new keys and rare collectible items in the Parallel game. The ‘Player Pack’, priced at around $32 (0.018 ETH), and ‘Collector’s Pack’, costing approximately $320 (0.18 ETH) (granting rarer cards than the former), both entail 10 cards each. The ‘Collector’s Crate’, however, is the one to watch out for, offering 10 Collector’s Packs, which amounts to a mighty 100 highly desirable cards alongside additional perks for roughly $2.848 (1.6 ETH). Even with being up for grabs tomorrow, it’s worth noting these highly anticipated dynamic NFTs won’t become critical components of the game until the first or second quarter of 2024. Nonetheless, a significant portion of these cards have been set aside for Manifest collectors and players, so it’s advised to act promptly to secure one. Once these intriguing NFT cards roll out, Parallel players can craft their very own card decks, selecting a powerful ‘Paragon’ main character to partake in head-to-head battles. The ultimate goal is to wipe out their opponent’s health pool with their most valuable virtual collectible.
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🔫 Multi-Metaverse Platform ZELIX Simultaneously Listed on Global Exchanges
The blockchain-based multi-metaverse platform ZELIX has been Sequentially listed on global exchanges, including HTX (Huobi), KuCoin, Gate.io, Mexc, and Poloniex. These listings showcase ZELIX's innovation in the multi-metaverse space and its leading use of blockchain technology. ZELIX is a rebranded project of what was previously known as the multi-metaverse platform ONSTON. ONSTON had successfully secured investments and strategic partnerships related to market-making from the global Web3 investment firm DWF-Labs and was listed on more than top 10 major exchanges. ZELIX emphasizes a new direction for the project, focusing on building a decentralized and distributed multi-metaverse platform. Their goal is to integrate the members of the metaverse community into a unified entity and expand into various environments. Additionally, ZELIX plans to establish new partnerships and enhance the project's value. ZELIX stated, "We are preparing for the future in the multi-metaverse space. Through this rebranding, we aim to take on a more innovative and dynamic role and work tirelessly to turn our vision into reality." This listing on global exchanges positions ZELIX to gain greater recognition and growth on the global stage, and we anticipate new innovations in the multi-metaverse industry as a result.
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🔫 Mahindra Lifespaces unveils India's first home buying experience on the Metaverse
Mahindra Lifespace Developers Limited (MLDL), the real estate and infrastructure development arm of the Mahindra Group, unveiled India's first home-buying experience on the Metaverse with the launch of Bastion at Mahindra Citadel, which is the Phase 2 of the project. This milestone was revealed via a first-of-its-kind drone show, which culminated in a QR code in the skies of Pune, which led the audience to the Metaverse experience. The project was unveiled at the project location in Pimpri-Chinchwad, where over 500+ lit drones presented a spectacular show including visuals of key features of the project like the ecotone design, the home automation features and unveiling of the Metaverse experience. The drones finally formed a QR code that could be scanned by the audience to enter the Metaverse experience of Mahindra Citadel. In a first-of-its-kind unique experience, users are transported to their future homes, even before they make their decision to purchase. Users can also interact with elements within the homes and design interiors to their liking.
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🇦🇪 Dubai GDRFA rolls out Metaverse service for customers, employees
General Directorate of Residency and Foreigners Affairs (GDRFA) in the metaverse, a virtual representation of a real location where people’s avatars meet, doing away with the need to visit the department. This advanced AI-driven system allows people to step into the future, where members of the community and officials can interact with each other in the metaverse. Just plug in your Virtual Reality (VR) headsets, and connect through smart phones, tablets, laptops or desktop. For "visitors", it provides the opportunity to interact with officials in a meeting room in the metaverse. Also they can visit Amer centre – pick any branch and take a ticket to complete a transaction. In case they need to meet official, the service will divert the service to the conference video call service. Lieutenant Colonel Dr. Ghalb Abdullah Al Merri, Director of Science, Data and Artificial Intelligence Department, explained to Gulf News about the latest metaverse project launched during GITEX. The project came within the department’s efforts to strengthen cooperation with its customers and involve them in the design and development of services. Metaverse comes within the framework of facilitating the meeting between customers through VR.
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🔫 THE VERSE, Transforming the Metaverse Landscape with Unique Single-Server Virtual World
THE VERSE is proud to announce the launch of its highly anticipated Metaverse, a groundbreaking networked virtual world. With an innovative single-server approach, THE VERSE introduces an exceptional, seamless experience that sets it apart from the usual multi-server platforms.Inspired by the original vision of the metaverse in Neal Stephenson's "Snow Crash", THE VERSE aims to create an immersive and inclusive digital space. Blake Spurgin, co-founder of THE VERSE, reflects on the project: "When we conceived THE VERSE, we envisioned a digital realm that reflected the limitless possibilities of our universe. We're not just presenting another game; we're pioneering a truly interconnected metaverse where every user can create, connect, and thrive. This is just the beginning, and we're thrilled to be leading this virtual revolution.THE VERSE is full of engaging activities, including jetpacking, driving, boating, intricate quests, shooting, exploration and more. The platform also introduces a fascinating underworld with unique buildings and aesthetics.Rather than opting for simplified graphics, THE VERSE has taken a more realistic approach, ensuring that the graphics will remain timeless and compelling as technology evolves.
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🖼 SOKOS Launches the First NFT Cafe in Dubai and Showcases Innovative NFT Marketplace at Gitex 2023
SOKOS, a trailblazing name in the world of Non-Fungible Tokens (NFTs), is proud to announce the grand opening of the first-ever NFT-themed cafe in Dubai. Coinciding with this exciting launch, SOKOS also took center stage at the Future Blockchain Summit during Gitex 2023, held in Dubai, where it showcased its groundbreaking NFT marketplace. SOKOS Cafe, the world’s premier NFT-themed coffee shop, invites patrons to experience the perfect blend of the physical and digital realms. The cafe, located in the heart of Dubai, offers an innovative and immersive atmosphere where visitors can enjoy a delightful cup of coffee while exploring the captivating world of NFTs. From exquisite artwork to unique collectables, SOKOS Cafe introduces visitors to a new era of digital art and collectibles. The cafe also serves as a platform for emerging digital artists to connect with the NFT community, fostering creativity and innovation. SOKOS didn’t stop there. At the Gitex 2023 Future Blockchain Summit, SOKOS showcased its cutting-edge NFT marketplace, which redefines the concept of digital ownership. Visitors at the event had the opportunity to witness firsthand how SOKOS is bridging the gap between the physical and digital worlds, revolutionizing the way we think about NFTs.
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🖼 Marco Casali reveals 43m NFT yacht concept Next Fisherman
Marco Casali has revealed a 43-metre NFT yacht concept in collaboration with CloudYachts, the "world's first AI-powered yacht brokerage". Called Next Fisherman (also known as Freedom 43), the yacht belongs to a 500-piece "NFT gallery" called the Freedom Collection. The commissioning owner will have ownership of both the non-fungible token as well as Next Fisherman in its physical form. Next Fisherman is characterised by its planing hull, unconventional glazing and teal colour proposal – though the vessel can be built with a displacement hull upon request. Accommodation is across six guest cabins. Casali has incorporated a cream and dark brown colour scheme, lacquered wall panelling and integrated lighting to cultivate a warm but contemporary aesthetic. While full details are yet to be disclosed, the renderings reveal details such as the installation of padding alongside the main saloon's walls, creating extended window seating. Adjoining the main saloon is a 10-person dining table and complementary flat-screen television. On deck highlights include a helipad on the bow, a sundeck arranged with plunge pool and bar and ample main deck tender storage. Other concepts in the Freedom Collection feature designs from Bannenberg & Rowell and Greg Marshall. This news follows the highly-anticipated launch of Anjelif, a custom, hybrid yacht designed inside and out by Marco Casali.
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🔫 Metavesco's Boring Brew Specialty Coffee Featuring NFT Artwork Now Available at Walmart.com
Metavesco, Inc. (OTC PINK:MVCO), a Web3 enterprise and digital asset innovator, proudly announces an exciting new development. Their brand, Boring Brew, renowned for its exceptional line of specialty coffee bags and cold coffee featuring NFT artwork, is now available on Walmart.com. This expansion marks a pivotal moment for Boring Brew as it introduces a larger audience to a tantalizing world of flavor and quality. Boring Brew, a wholly owned subsidiary of Metavesco, is celebrated for its commitment to craft and excellence. Their specialty coffee bags are a masterpiece in every brew, meticulously roasted on-demand to preserve the richness of high-quality beans sourced from the farthest corners of the globe. These beans are not just coffee; they are a canvas of taste, painting a narrative of world cultures and craftsmanship. Boring Brew showcases unique and intriguing artwork on its bags inspired by renowned NFT projects, including the famous Bored Ape Yacht Club, CryptoPunks, Sgt. Pepe World by renowned artist Ars0nic, and many more. These packaging are not just containers; they are collectible items, combining taste and aesthetics in every brew.
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🖼 Layer 2 and DeFi Shine in 2023 as NFTs Lose Their Luster: Nansen
Layer 2, bridging, and infrastructure sector is leading 2023 growth with 149.28% daily user surge. In 2023, the Ethereum blockchain witnessed intriguing transformations in the way users and entities engage. According to Nansen’s recent report, there has been a remarkable surge, with more than 300,000 daily active Ethereum addresses. Among these active addresses, DeFi entities have maintained their position as the dominant players. As of October 12th, 2023, DeFi users alone outnumbered NFT and layer 2 scaling users by more than twice, solidifying the sector’s central role in on-chain activities. In terms of new users, layer 2 activities have seen a notable uptick. Nansen’s report states that this indicates a shift towards scalability solutions, with new users increasingly embracing layer 2 platforms as their initial choice. The transition also aligns with a broader trend where the user counts for layer 2 and scaling have seen substantial growth, driven by the adoption of more efficient layer 2 infrastructure and the potential for airdrop farmers. A closer examination of entity interactions confirms these trends. While nearly all sectors have experienced growth in year-to-date incoming transaction counts, the ‘Layer 2, Bridging, and Infrastructure’ category has led the way with a remarkable 149.28% increase. NFT users surpassed DeFi users at times in 2022 before starting a sharp decline from the start of 2023. In fact, the daily user count in this sector has taken a plunge by over 50% since the beginning of the year.
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🔫 TRAI red flags concerns around Metaverse
The telecom regular TRAI has red-flagged concerns around Metaverse, raising critical issues such as privacy, safety, and security which require greater deliberation. “Immersive platforms will also track facial expressions, vocal inflections, and vital signs, while intelligent algorithms use such data to predict each person’s real-time emotional state. Tracking will also include real-time monitoring of user gait and posture, assessing when users slow down to browse products or services. “Metaverse platforms will even monitor manual reach, assessing when users will grab objects (both real and virtual), and tracking how long they will hold the objects to investigate. This will be especially invasive in the augmented metaverse, in which user gaze, gait, and reach will be monitored in the real world; for example, while shopping in augmented physical stores,” it said in a consultation paper. Pushing for an appropriate regulatory framework, the regulator said that the challenges that we currently have in online applications, such as snooping, data breaches, harassment, and hate speech, are likely to be amplified going forward, with increased digitisation and online activities.
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📉 Zuckerberg's Metaverse loses over $25 billion
Mark Zuckerberg's Metaverse has lost more than $25 billion since last summer. To cover the loss, Meta has fired about 21,000 employees. Optimism now relies on the Meta Quest 3 VR headset, which is cheaper than its previous versions, but already faces critique from VR enthusiasts on YouTube, the X-App and Reddit. Another positive aspect is the 3D Avatar technology, which Zuckerberg exhibits in a video set in virtual space to showcase the latest improvements. Last year, Meta gave away the pricier Quest Pro headset valued at $1,500 to all attendees at the Roblox RDC23 conference. Only time will tell whether the Quest 3 at $500 will be any better. VR fans on YouTube, Twitter (X) and Reddit have expressed dissatisfaction with the headphones' lacking audio capabilities, which Meta is expected to address. Recently, there have been noteworthy technological advances including the "first interview in the Metaverse" as referred to by podcaster Lex Fridman. The lifelike avatars are generated utilizing software incorporating 3D modelling, complete facial and full-body scans. In the clip below, Zuckerberg´s and Fridman's hyper-realistic 3D avatars are featured. They impress with their distinct facial expressions and spatial audio.
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🖼 Bored Ape Creator Awarded $1.4 Million From Knock-Off NFT Seller
Bored Ape Yacht Club non-fungible token maker Yuga Labs is entitled to more than $1.5 million in damages from a conceptual artist and his business partner who copied Bored Ape's NFT art, a California federal judge said in an order made public on Thursday. U.S. District Judge John Walter said that artist Ryder Ripps and partner Jeremy Cahen must pay Yuga all of their profits from their copies, which they have defended as an art project meant to criticize racist "dog whistles" in Yuga's works. Ripps and Cahen's attorney Louis Tompros of Wilmer Cutler Pickering Hale and Dorr said that they disagreed with parts of the decision and expect to appeal. Yuga accused Ripps and Cahen in a lawsuit last year of making millions of dollars from counterfeiting its Bored Ape tokens under the false pretense of satire. Ripps has described his copies as works of appropriation art that lampoon supposedly racist and anti-Semitic imagery in Yuga's NFTs and branding. Walter ruled for Yuga in April, finding that Ripps' NFTs were "no more artistic than the sale of a counterfeit handbag." Walter said Ripps' copies were likely to confuse potential buyers and held a trial this summer to determine the scope of Yuga's damages and other relief.
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🔫 6 Korean Metaverse Companies Participated in MWC Las Vegas, K-Metaverse Pavilion Supports Entry Into the US Market
Companies specializing in Metaverse and XR technologies, selected as outstanding firms by the National IT Promotion Agency (NIPA), a Korean government agency, received support for their participation in MWC Las Vegas 2023, the American leg of the Mobile World Congress, the world's largest mobile and communications expo, held over three days starting September 26 in Las Vegas, USA. The National IT Promotion Agency operated a Korean joint pavilion at MWC Las Vegas 2023 to generate substantive global interest in promising small and medium-sized. A total of six companies participated in the event: AIPARK, COCONUT SILO, FROM SEOUL, INVENTIS, MetaVu, and Studio W.BABA. They introduced Metaverse and XR products incorporating various technologies such as artificial intelligence through booths in the joint pavilion. Among them, three companies participated in an official MWC Las Vegas session, the Industry City Session, to present on the topic 'The Latest K-Metaverse Technologies and How They Will Transform the Future.' COCONUT SILO : Coconut Silo is a startup company that specializes in AI deep technology. Through a digital platform – COCOTRUCK, we formed an ultimate cargo transportation solution that connects cargo owners, logistics companies, and truck drivers in one place.
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🖼 Australia’s $145M exchange scandal, Bitget claims 4th, China lifts NFT ban: Asia Express
Changjiang Currency Exchange, a money transmitter business based in Australia, has beenbustedin a 230 million Aussie dollar ($145 million) money laundering scandal. On Oct. 26, a 300-strong police operation spanning Melbourne, Sydney, Brisbane, Adelaide and Perth arrested seven individuals — four Chinese citizens and three Australian nationals — after a 14-month investigation. Operating under the front of a legitimate currency exchange business, police say that Changjiang Currency Exchange helped launder dirty funds. In one single incident, a 37-year-old Chinese national was accused of using Changjiang’s services to launder AU$100 million ($63 million) worth of funds received from a multinational Ponzi scheme. The investigation began after law enforcement officials noticed irregular traffic at Changjiang kiosks across Australia during a time of strict COVID-19-related lockdowns. Police have since seized AU$21 million ($13.27 million) in cash and various luxury items believed to have been purchased using proceeds of crime. The investigation remains ongoing. Bitget claimed that its market share had risen to 9.43%, compared to negligible volume just two years ago. During Q3 2023, the exchange says it onboarded over 9,000 traders along with 85,000 followers or copy-traders, who together achieved a net trading profit of $6.7 million.
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🔫 Supporters of Palestine show solidarity by marching in the metaverse
Young supporters of the Palestinian cause who cannot show solidarity by taking part in demonstrations in person are instead protesting online using the metaverse gaming platform Roblox. However, the use of certain words and phrases by digital demonstrators has been banned by the platform. More than 348,000 people have visited (PALESTINE) Dataran Tanjung Mas, a virtual environment created by a Malaysian user, since it went live on Roblox on Oct. 14. Users worldwide can join groups of up to 200 at a time. Roblox had banned the use of terms such as “Free Palestine” and “genocide” from the platform, as a result of which users adopted the Palestinian flag as a symbol of protest and solidarity. “Blocking phrases like ‘Free Palestine’ is consistent with our community standards, where we do not allow political content, particularly with regards to ‘content related to real world border, territorial or jurisdictional relationships,’” a Roblox spokesperson told news website TechCrunch. Virtual worlds are becoming an increasingly popular way for people to stage demonstrations and protests. In January last year, for example, nonprofit organization Superflus organized a protest against consumerism and capitalism at Samsung’s virtual headquarters within the metaverse platform Decentraland.
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💰 SBI Holdings to Launch NFT Project on XRP Ledger for Upcoming Expo
SBI Holdings, a Japan-based financial service company, has announced plans to issue a non-fungible token (NFT) service on the XRP Ledger (XRPL). According to an announcement yesterday, the digital collectible named the “EXPO2025 Digital Wallet NFT (or Myakoon!)” will be jointly issued by the SBI VC Trade and SBINFT, a venture operating an NFT business. While SBINFT will issue the NFT, the digital collectible can be viewed on a dedicated website developed by SBI VC Trade. Notably, “Myakoon!” is part of a service SBI Holdings is planning to launch for the collection of NFTs from the upcoming Osaka-Kansai Expo. Per the announcement, the service will commence in May 2024 before the expo. Furthermore, SBI Holdings said it will make the NFT project available to the 28.2 million visitors at the expo. Also, the financial giant disclosed that the “Myakoon!” NFT cannot be transferred and resold. SBI Holdings emphasized that attendees of the expo can also receive bonus NFTs by completing missions announced before, during, and after the event. Commenting on the development, pro-XRP lawyer Bill Morgan described the initiative as interesting.
NFTs | OpenSea | News
🖼 September Marks the Worst Month in NFT History
The third quarter of 2023 has been challenging for the non-fungible tokens (NFTs) market, with sales hitting their lowest point since the last quarter of 2020. September alone recorded a dismal sales figure of around $300 million. This downturn is primarily attributed to a significant drop in average sales prices and floor prices of popular collections. The NFT market has been on a downward trajectory, particularly in September, which saw the worst sales figures since January 2021 The average sales price in September plummeted to $38.17, a stark contrast to its peak of $791.84 in August 2021. Collections like Azuki, BAYC, and MAYC have seen their floor prices decline by more than 25% quarter-over-quarter. The newest Binance Research quarterly report shows while the NFT market is struggling, Ethereum and Immutable X have managed to gain market share. Ethereum's share increased 6% in Q3, partly due to lower gas fees and a decrease in ETH prices. Immutable X, a Layer 2 solution built on top of Ethereum, also saw its market share rise from 4% to 8%. The platform hosts popular blockchain games like Gods Unchained, which led the sales count for the quarter.
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🖼 Wemade launches first-of-its-kind Real World Event NFTs at G-STAR 2023
NILE, the NFT and DAO marketplace developed by leading Korean blockchain gaming company Wemade, will introduce first-of-its-kind Real World Event NFTs at the upcoming G-STAR 2023, the biggest gathering of gaming enthusiasts and fans from around the world. The event NFTs represent the latest milestone for NILE (shorthand for “NFT is Life Evolution) as it continues to focus on expanding the NFT ecosystem. Earlier this year, NILE successfully attracted users globally with the launch of the world’s first NEITH NFT. The G-STAR 2023 event ticket NFTs are dynamic in nature, vividly conveying the changes of NFTs in real-time during the event’s opening, closing, and entry. Significantly, the new event ticket NFTs will set a new record in the history of the Korean domestic game industry. To mark the occasion, Wemade will be giving away exclusive gifts and special items to G-STAR 2023 event ticket NFT holders at the event. Only 300 of the NFTs have been minted and are exclusively available through NILE, including 50 each on Day 1 and 2 and 100 each on Day 3 and 4. Ticket sales start at 12 noon local Korea time on Wednesday October 25, 2023, while stocks last. Wemade is returning as the main sponsor of G-STAR 2023, which will be the biggest ever with 3,250 booths, 10% higher than last year (2,947) and beating the previous record of 3,208 booths set in 2019.
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🖼 New Programmable NFTs Offer Code and Substance, Launch Collection Celebrates the World’s Food
Hitch Interactive, the company connecting innovators and providing immersive experiences in AI, robotics, fintech, and the Metaverse, today announced the launch of its Hitch1999 platform for Web3, along with the first-ever programmable non-fungible tokens (NFTs)—capable of delivering code-driven content and experiences. Built to a new interactive standard called the Immutable Miniverse Format (IMF), the first limited edition collection of 1,000 NFTs is minted on the Ethereum blockchain. Each playful foodie hamster NFT in this “Yummy Hamo” collection is an original design encoded with a curated gourmet miniverse. The IMF embedding procedure immutably encodes and/or encrypts tailored messages, content, and interactive experiences on the NFTs, visualized as a string of dynamically changing secret code. Each NFT includes unique art like some traditional NFTs, but also an underlying miniverse that might contain an executable program, exclusive text and animation, an interactive game, or another application—even a foodie event with an encrypted, private recipe from a famous chef. The miniverse’s substance is self-contained in the NFT. The inaugural, limited edition Yummy Hamo collection, created by the designers at Hitch Interactive to be an interactive cookbook and cultural resource, celebrates 1,000 gourmet cuisines from around the world in 1,000 miniverses. The collection meticulously curates a compendium of dishes and experiences from nine diverse culinary cultures, plus a special category of culturally rich street food. The artwork contained in each NFT is digitally created to include a foodie hamster protagonist called Hamo.
NFTs | OpenSea | News
🔫 Metaverse Platform Utherverse Launches $1.235 Million Equity Crowdfunding Campaign
Utherverse, an immersive, interoperable and synchronous virtual universe platform designed to change how people interact, work and play, today launched a $1.235 million equity crowdfunding campaign with Republic, a global financial technology firm at the frontier of democratizing access to the private markets. The minimum investment is $100. Utherverse began accepting reservations for investment spots on Sept. 21 with more than $100,000 reserved by potential investors prior to the launch of the crowdfund. The company has been valued at $70 million and has brought in more than $77 million in revenue. "We are looking to consolidate all metaverse offerings across the entire Web3 space into a single, interoperable platform that can leverage the entire community to provide the best in education, entertainment, business, fashion, virtual real estate and other verticals," said Brian Shuster, Founder and President of Utherverse. "Our goal is to become that single platform upon which the next generation of the internet is built." Bonus perks for investors at various levels include getting on the whitelist for early beta access, VIP access to the platform, virtual real estate, UtherTokens and titles. This includes tools and technologies that will enable third parties to create and operate their own virtual worlds, creators to design digital assets and businesses to offer a wide range of products and services in a wide range of industries.
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🖼 Azuki NFT Collection Sees Phenomenal 47% Price Surge in Just One Month
In the ever-evolving world of cryptocurrencies and non-fungible tokens (NFTs), one collection has been making waves, catching the eye of enthusiasts and investors alike. The Azuki NFT collection has recently experienced a remarkable 47% price surge over the past thirty days, skyrocketing from 3.7 ETH to 5.3 ETH. The Azuki collection, known for its distinctive anime-inspired art style, has now accumulated a staggering market cap exceeding $90 million. This substantial growth in value has placed each Azuki NFT at a current price of 5.3 ETH, equivalent to approximately $9,039. The Azuki NFT collection, introduced to the world in early 2022, comprises a remarkable array of 10,000 unique NFTs, all following the popular pfp (profile picture) format. These NFTs have become a favorite choice for crypto enthusiasts seeking to express their individuality and creativity. Azuki’s unique charm lies in its generative NFT avatars, each a work of art inspired by the anime aesthetic, boasting a distinctive and captivating style that has captured the hearts of many. The initial launch of Azuki took the NFT world by storm. All 8,700 available NFTs, offered through a Dutch auction, were sold for 1 ETH each. In a breathtaking frenzy of demand, these Azuki NFTs flew off the virtual shelves within a mere 4 minutes, leaving many admirers in awe of their beauty and rarity.
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🖼 Galaxis Says NFTs Are Maturing Towards ‘Genuine-Utility’, as 95% Of Digital Collectibles May Now Be Useless
CEO and founder András Kristof believes as people become more educated about NFTs, the focus will be on utilities. The inventor of Tembusu Terminals (first Bitcoin ATMs) in Singapore says he’s spent the last two years building a post-hype utility NFT platform. Although, founder András Kristof is gratified to see people almost unknowingly engaging with digital collectibles worldwide amidst the ‘NFT winter’ of late. These significant developments shed light on members within the NFT industry ‘picking through the wreckage’. Over the course of 2021, beginning earnestly with the landmark Beeple sale, the NFT market was sky high, with around $1 billion a week – with average prices of NFTs above $3,000, despite the turbulent market. Like most other economic bubbles that eventually burst, the NFT bubble has done so in spectacular fashion with an NFT collapse of 95 percent. Although what triggered the crash is unclear, the fall in demand – catalysed by a slump in the cryptocurrency market has wiped out billions of the combined value of all NFTs in circulation. Kristof says the new breed of use cases is surfacing that take advantage of the particular properties of NFTs (such as Chainlink’s CCIP that allows people to move NFTs cross-chain), which is one of the core factors at Galaxis.
NFTs | OpenSea | News
🖼 Kaufland To Exchange NFTs For Shopping Vouchers
German retailer Kaufland is offering a €10 shopping voucher to anyone interested in transferring unwanted NFTs to the retailer. Kaufland launched the 'NFT Refresh' online campaign at Fresh4trash.io, which will run until 30 October 2023. The certificates usually refer to a virtual object, for example a digital work of art. In the past few months, however, NFTs have lost significantly in value, which prompted the retailer to launch the campaign. Christoph Schneider, managing director of marketing at Kaufland Germany said, "The vast majority of NFTs that are on the blockchain are no longer worth anything today. It's not the only NFT-related initiative to be launched by a European retailer this year – in February, Italian hypermarket chain Bennet launched the Bennet NFT Club, the first customer loyalty project by an Italian retailer based on blockchain and NFT technology. This initiative provides three 'NFT by Bennet' collections, with a total of 2,700 different digital objects on offer, the basic design of which takes its cue from the new Bennet shopping bags created by IED-Istituto Europeo di Design. Elsewhere, retail cooperative Gruppo VéGé launched a NFT in January to celebrate the brand's inclusion in the special register of 'historic brands of national interest'. The NFT, entitled L'Italia faceva la spesa, Gruppo VéGé faceva la storia, was available in 99 copies on the industry benchmark OpenSea platform.
NFTs | OpenSea | News
🖼 Sharjah Digital Office launches 'Sharjah NFT' for digital certificates at GITEX Global 2023
Sheikh Saud bin Sultan Al Qasimi, Director of Sharjah Digital Office, unveiled 'Sharjah NFT,' a pioneering initiative in the UAE that leverages NFT technology for government and private entities to issue verified digital certificates using soulbound tokens, efficiently storing and tracking documents using blockchain through a QR code. This marks a significant achievement in Sharjah's digital transformation journey and underlines its commitment to a sustainable future for all. The platform was inaugurated at the Sharjah Government Pavilion during GITEX Global 2023. It provides an innovative and user-friendly system enabling various entities, including government authorities, educational institutions, private businesses, and event organisers, to issue authenticated certificates as non-fungible codes stored in a digital record. The platform acts as a firewall; it is impervious to any form of tampering or fraud and ensures the authenticity and credibility of certificates through blockchain technology, guaranteeing their direct association with the legitimate recipient." He also stressed that this initiative aligns with Sharjah Digital Office's strategy to reinforce and expedite the digital transformation journey in the emirate, with a strong emphasis on making significant strides in the domain of smart living.
NFTs | OpenSea | News
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