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🖼 Six-Figure Prices for Bitcoin Rock Ordinals and EtherRock NFTs Reignite Hopes for Return of NFT Mania
Nonfungible tokens (NFTs) are back in the spotlight this week after separate high-profile sales of EtherRock NFTs and Bitcoin Rock Ordinals for over $100,000 each. The sales come amid a resurgent cryptocurrency market, with Bitcoin rallying past $37,000 for the first time since May 2022 and Ethereum surging above $2,100 on renewed optimism. With crypto prices rallying, the mood among cryptocurrency investors has shifted to guarded hope that the market may have put in a definitive low. The hugely popular EtherRock collection consists of 100 indistinguishable grey boulder NFTs on the Ethereum blockchain. EtherRock #95 from the popular EtherRock NFT collection sold for 100 ETH earlier today, valued at around $209,000 at the time, while a Bitcoin Rock Ordinal NFT from a comparable collection was also sold for 2.99 BTC, worth over $111,000. While neither collection comes with any special benefits or utilities beyond the NFTs themselves, these seemingly basic images of rocks have accrued tremendous speculative value. Social media reaction to the sales appears divided. Some see it as a welcome return to the “frothy frenzy” of last year’s peak market, while others consider it reminiscent of the overexuberance and “absurdity” that eventually led to the crypto crash.
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🖼 Google joins Brewdog in support of Degen Distillery's NFT Initiative
Degen Distillery, a London-based tech-driven maker of spirits, but also a whole lot more, has today announced that Google is joining the firm's existing partner Brewdog. The project will see Degen offer NFTs, (yes, remember them?) in what the company is calling a “social distribution” project that essentially allows community members to have their say in when and where the distribution of Degen’s distilled products will be distributed. Having previously announced a partnership with Scotland’s $2 billion craft brewers, Brewdog, through the latter’s JetPack programme, the Google partnership further propels the brand through a “series of announcements” to be forthcoming via Google’s Web3 startup programme. As part of the programme, Degen will have access to Google Cloud credits, Google’s technical support team, a private community of the top Web3 businesses, access to funding, and Google's unparalleled network. The sole purpose of this wrapper is to serve as the definitive voice of ownership of this data. There's no question of whose candy bar it is.
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🖼 The Simpsons Treehouse of Horror Features Kylie Jenner in an NFT-Inspired Segment
Kylie Jenner guest-starred in The Simpsons’ “Treehouse of Horror XXXIV” episode, voicing a character based on herself in a NFT-themed storyline. The annual Treehouse of Horror episode on The Simpsons, titled “Treehouse of Horror XXXIV,” aired recently, captivating audiences with its Halloween-themed anthology. However, what truly turned heads was the guest appearance of Kylie Jenner. Kylie Jenner made a notable guest appearance in the Treehouse of Horror episode. In the storyline, Bart Simpson finds himself transformed into an NFT, prompting his parents, Marge and Homer, to seek help from a group called “the enlightened intellects who safeguard the crypto-verse.” This group consists of Kylie Jenner, Rob Gronkowski, and Jimmy Fallon, with Jenner being the only one to lend her actual voice to the episode. Addressing Homer’s skepticism about their intentions, Jenner’s character clarifies their position regarding NFTs, stating, “Ugh, we would never promote a technology if we didn’t understand the distributed ledger underpinning it.” .
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🖼 Sky Mavis co-founder echoes Roblox CEO Baszucki’s NFT dream
Roblox founder and CEO David Baszucki has attracted web3 headlines since revealing a future prospect of NFTs on the popular UGC platform. During an interview with CNBC, Baszucki was asked both about his vision for the platform’s Robux currency expanding outside Roblox and whether NFTs could one day become reality in the game. Talking particularly about the potential prospect of exclusive NFTs earmarked for charity, Baszucki added “We would imagine someday that those would go off-platform, as an NFT, possibly get sold off-platform, and then come back on-platform.” Animoca Brands co-founder and chairman Yat Sui said via X, ”Sentiment is changing & the spillover due to the shared network effect inherent in web3 would have a massive impact to everyone in the NFT space.” While Sky Mavis co-founder and COO Aleksander Leonard Larsen commented, “David has been an investor in Sky Mavis since 2021. “We regularly update him and the rest of our investors on our plans for Ronin and Axie. Games with NFTs will be more immersive and engaging. Its inevitable.” “There’s a bit of a dream here about objects and NFTs moving from platform to platform,” he said. During an interview with CNBC, Baszucki was asked both about his vision for the platform’s Robux currency expanding outside Roblox and whether NFTs could one day become reality in the game.
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🔫 Global Mofy Metaverse Limited Announces Exercise of the Underwriter’s Over-Allotment Option
Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced that Prime Number Capital LLC, as underwriter of the Company’s initial public offering (“IPO”), has exercised the over-allotment option to purchase an additional 40,000 Ordinary Shares at the IPO price of $5.00 per share. Prime Number Capital, LLC acted as the sole bookrunner for the Offering. Ortoli Rosenstadt LLP acted as U.S. counsel to the Company, and Hunter Taubman Fischer & Li LLC acted as U.S. counsel to Prime Number Capital, LLC, in connection with the Offering. A registration statement on Form F-1 (File No. 333-268553) relating to the Offering, as amended, has been filed with the Securities and Exchange Commission (the "SEC") and was declared effective by the SEC on September 28, 2023. The Offering is being made only by means of a prospectus. Copies of the final prospectus related to the Offering may be obtained, when available, from Prime Number Capital, LLC by email at info@pncps.com or via standard mail to Prime Number Capital, LLC, 12 E 49th St, Floor 27, New York, NY10017.
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🖼 Roblox CEO Envisions In-Game NFTs as Part of Open Ecosystem 'Dream'
Roblox founder and CEO David Baszucki sees a future in which NFTs come to the popular metaverse gaming platform—and he shared how that sort of significant move could happen. In an interview with CNBC, Baszucki was asked about whether the billion-dollar platform’s synthetic Robux currency might become a currency usable outside of Roblox—and whether NFTs could exist on Roblox and then be able to move off-platform. “There’s a bit of a dream here about objects and NFTs moving from platform to platform,” Baszucki said. Why would NFTs on Roblox matter? Roblox is a massive platform with a wide reach, especially among younger audiences. Roblox’s daily active user count is up 20% compared to November of last year, per CNBC. And in Q3 this year, Roblox saw over 70 million people spend an average of 2.5 hours on its platform, according to Roblox’s 2023 iteration of its Digital Expression, Fashion & Beauty Trends Report published Thursday. “What we do expect is the creators—whether it’s Elton John or Nike, or someone else making a digital item—that they would play a key role and have a fair amount of control in that process,” the CEO added. “We would imagine someday that those would go off-platform, as an NFT, possibly get sold off-platform, and then come back on-platform,” Baszucki said of the theoretical capes.
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🖼 Animoca Brands’ gaming studio GAMEE to hold NFT-gated mobile game tournament
Animoca Brands Corporation Ltd’s subsidiary arcade gaming studio GAMEE has revealed its most ambitious gaming event to date: Arc8 GameFest, scheduled to be held on 16-30 November 2023. Arc8 GameFest is an NFT-gated mobile game tournament that boasts a total prize pool worth ~US$120,000, comprising both tokens and highly sought NFTs from the event’s sponsors and partners. Interested players are invited to mint a GameFest Pass on OpenSea to access the event. Following the Arc8 League: Season 0 held this past July, Arc8 GameFest offers players a larger game tournament with an increased prize pool and a wider list of partners ranging from other Animoca Brands portfolio companies and projects to major gaming projects and international gaming communities. Other partners of Arc8 GameFest have contributed into the prize pool and have committed to enhance Arc8 GameFest’s engagement and reach. One of these partners is Mocaverse, Animoca Brands’ marquee NFT project, which has returned to support Arc8 GameFest, following the Into the Mocaverse campaign earlier this year.
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💰 Shiba Inu Admin Denounces Affiliation to NFT Projects
Shiba Inu community member and Telegram group admin and community manager Ragnar Shib took to X to denounce any forms of affiliation to some NFT projects publicized in his name. Ragnar felt the need to caution the community as the proliferation of projects on Shibarium might see some fraudulent ones make their emergence as well. The developer tasked SHIB community members to do their research and understand he maintains no affiliation with some of these projects. Ragnar’s disclosure aligns with the commitment of the Shiba Inu team members to guide the community on how to navigate its fast-growing ecosystem. According to Ragnar, everyone is welcome to build applications on Shibarium, keeping with its key design as an open ecosystem. With the ecosystem growing as envisaged, the Shib team has doubled down its effort to sensitize its community from hackers to cases where users need to beware of bug-related issues on Shibarium-affiliated platforms. As reported earlier by The Crypto Basic, Shiba Inu’s lead developer, Shytoshi Kusama also sounds alarm on fake tokens making the rounds in the ecosystem. In one of these instances, Kusama warned users not to purchase BONE and LEASH on PuppyNet, Shibarium’s testnet before it launched on the mainnet months later.
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🖼 Yuga Labs' win in Bored Apes NFT counterfeiting case upheld by US appeals court
U.S. appeals court has affirmed a ruling denying artist Ryder Ripps' bid to dismiss California state-law claims brought by Bored Ape Yacht Club non-fungible token maker Yuga Labs over his alleged counterfeiting of its NFTs. The 9th U.S. Circuit Court of Appeals said on Monday that Ripps and his business partner Jeremy Cahen were not protected from Yuga's allegations by a California law protecting free speech. Last week a federal judge in Los Angeles determined that Ripps and Cahen owe Yuga more than $1.5 million in damages. Yuga accused Ripps and Cahen in a lawsuit last year of making millions of dollars from counterfeiting its Bored Ape tokens under the guise of an art project. Ripps has described his copies as 1st Amendment-protected works of appropriation art that lampoon supposedly racist and antisemitic imagery in Yuga's NFTs and branding. U.S. District Judge John Walter said last week that Ripps and Cahen must pay Yuga all of their profits from the copies after finding in April that they were "no more artistic than the sale of a counterfeit handbag" and likely to confuse consumers. The 9th Circuit appeal concerned Walter's ruling last year denying Ripps' and Cahen's request to dismiss Yuga's state-law claims under California's anti-SLAPP statute, which protects conduct "in furtherance of" free speech from frivolous lawsuits.
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🖼 Atari Revives Retro Members Only Jackets for NFT Collectors
The Atari club is coming back—with Members Only jackets in tow. Retro game publisher Atari is launching new versions of its Atari Club member jackets inspired by the 1980s originals. The navy blue zip-up jackets will go on sale Thursday until December 1 and will only be available to holders of Atari’s ARC NFTs, according to the announcement. It’s an official collaboration with the Members Only fashion brand that was popular in the 1980s, much like Atari itself. Compared to the original jackets, the new versions will be of a thicker material, and the Atari logo is no longer a removable patch but is instead embroidered onto the coats. It’s an official collaboration with the Members Only fashion brand that was popular in the 1980s, much like Atari itself. While fans can buy plenty of merch without crypto, Atari’s website states that owners of the ARC NFT launched back in May will gain early access to merch, voting privileges, and discounts in addition to presale access to the new member jackets. The new jackets won’t be delivered to buyers until roughly February or March of 2024, but fans will be able to buy Atari patches from the publisher’s shop in the meantime and attach them to their jackets when they arrive.
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🇸🇦 Saudi Arabia to Invest $50 Million into Metaverse Firm Animoca
Saudi Arabia is set to invest a whopping $50 million into Metaverse firm Animoca, according to a new announcement. Indeed, the blockchain gaming company announced the alliance with Neom, the Saudi Arabian development project, in order to develop crypto technology in the region. The two sides had signed a memorandum of understanding to partner in the development of digital projects. Moreover, the collaboration will aid Neom’s 2030 vision and the establishment of its own ecosystem. The year has seen Saudi Arabia explore ways of diversifying its economy and growing its international presence. A key part of that has been its inclusion in the growing BRICS economic alliance. Moreover, it is now seeking to continue the developments within its borders. Now, Saudi Arabia has announced a $50 million investment into the metaverse and blockchain gaming firm, Animoca Brands. Indeed, the two sides announced a signed memorandum of understanding. Subsequently, Saudi Arabia’s Neom is seeking to work with the metaverse firm in the development of its own blockchain and crypto infrastructure.
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🖼 Mecca Foundation Unveils Smart NFTs, Transforming the Landscape of Digital Collectibles
Singapore-based Mecca Foundation LTD has announced a groundbreaking innovation with the introduction of Smart NFTs (Non-Fungible Tokens). These cutting-edge digital assets are poised to redefine the world of digital collectibles, offering new opportunities for both creators and collectors. This exchange will serve as the ultimate hub for Smart NFTs, enabling cross-domain interaction, trade, and collaborative learning. It not only offers increased engagement for Smart NFT holders but also fosters knowledge sharing and cooperation. Fueling this ecosystem is the MCA token, which plays a crucial role in unlocking the potential of Smart NFTs. MCA tokens enable Smart NFTs to undergo training, upgrades, and unlock additional features. They facilitate multimedia presentations, including videos, animations, and audio, as well as voice and automated responses, making Smart NFT interactions more dynamic and engaging. MCA tokens are set to become an indispensable tool for digital art creators and collectors, enhancing creativity and interactivity. Mecca Foundation LTD's innovation is poised to revolutionize the landscape of digital collectibles. By allowing for more comprehensive engagement with digital art and knowledge sharing across diverse fields, Smart NFTs will enhance the value and appeal of digital collectibles.
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🔫 Rarible and Metal Blockchain to Explore BSA-Compliant NFT Solutions for Banks and Fintechs
Metallicus, the core developer behind Metal Blockchain, and Rarible – a leading cross-chain NFT marketplace, jointly announced a strategic partnership to explore the development of compliant digital ownership solutions for the banking and fintech sectors. Metal Blockchain and Metallicus recently solidified strategic integrations with leading financial service entities to make progress on their commitment to reshape the financial sector. The partnership with Rarible will see both projects leverage their respective technical expertise to explore new applications of Non-Fungible Token (NFT) technology in mainstream financial products and consumer banking experiences. With the adoption of blockchain technology within the traditional finance sector still in its infancy – Rarible and Metal Blockchain will pool dedicated resources to conduct R&D on financial products such as tokenized rewards, globally compliant digital asset transfers, immutable and infinite on-chain documentation of financial records, and other customized alerts. "In working with Rarible, we recognize their deep expertise in the NFT arena.
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🖼 NFT casino game arrives in Georgia Market with Aviatrix
NFT casino game supplier Aviatrix has expanded its presence into the Georgian market. This expansion arrived after Aviatrix obtained certification to offer its crash game in Georgia, aligning with the company's goal of entering regulated markets worldwide. Anton Yarash, the COO at Aviatrix, expressed the company's dedication to entering regulated markets, stating: “Gaining certification in Georgia underlines Aviatrix’s commitment to entering regulated markets. "We are achieving this in less than a year since first launching, which shows just how quickly the game has gained popularity. We’re also excited to partner with Slotegrator to bring Aviatrix to operators in Georgia.” The Georgian market is emerging as a destination for online gaming companies, as demonstrated by other industry players like CT Interactive and 7777 Gaming, who have recently ventured into the region. As Aviatrix gains a foothold in Georgia, it is part of a broader trend of gaming companies capitalising on the potential of emerging markets surrounding crash-style games and NFT features. CT Interactive certified more than 190 games for the Georgian market.
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🖼 Meta-Builders Unveils Platform to Connect Web3 Developers with Businesses for NFT and Metaverse Integration
Meta-Builders, a prominent player in the Web3 development industry, has introduced a novel means for freelancers in this domain to establish connections with business owners keen on integrating NFTs and metaverse environments into their operations. This development serves as a boon for freelancers with expertise spanning a spectrum of Web3 applications, encompassing NFTs, smart contracts, and metaverse constructs. Despite the initial fervor surrounding metaverse projects appearing to have somewhat subsided, data from Metaversed suggests that there still exist a staggering 400 million active users worldwide. With more than 70% of Americans either contemplating or already immersed in this virtual realm, it is anticipated that by 2026, a quarter of Americans will devote a portion of their daily lives to the metaverse, according to research findings compiled by METAV.RS. venturing into the world of Web3 development necessitates a profound understanding of niche domains like blockchain programming and smart contract integrations.
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🔫 NEAR Protocol and the rising metaverse platform ZEP form partnership to onboard users
South Korea's leading metaverse platform, ZEP, announced on the 13th a partnership with the global Layer 1 platform NEAR Protocol and revealed plans for building on NEAR Protocol. NEAR is a blockchain network optimized for large scale user-oriented service operations, offering a user-friendly interface and stability similar to Web2. Leveraging these advantages, NEAR has seen rapid growth among Layer 1 blockchains this year. ZEP, a joint venture between mobile game developer Supercat (known for "The Kingdom of the Winds: Yeon") and NAVER Z's operator Zepeto, launched its beta version on November 30, 2021. With 1.3 million monthly active users (MAU) and 8.3 million cumulative users this year, ZEP has garnered attention from domestic and international businesses and public institutions. With proven usability in the domestic market, ZEP is poised to enter the Japanese and Southeast Asian markets in the second half of the year. Mark Mi, Gaming Director of NEAR Protocol, stated, "This collaboration with ZEP is a significant opportunity to expand the NEAR ecosystem into the new realm of 1the metaverse." He added, "We will continue to strive to expose NEAR users to various content in different areas.
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🖼 NFT Boom: CryptoPunks Collection Shines With 900% Trading Volume Increase
The non-fungible token (NFT) industry has predominantly experienced a decline in trading activity since the beginning of the year, but the market appears to be currently undergoing a noteworthy and positive transformation. Based on on-chain data, one of the major collections that seems to be leading this recent surge is the CryptoPunk non-fungible tokens. CryptoPunks, a series of 10,000 unique pixel art characters on the Ethereum blockchain. CryptoPunks collection has been garnering the attention of investors and collectors. According to data from blockchain analytics firm IntoTheBlock, there has been a substantial surge in the trading volume of the Cryptopunks NFT collection, escalating from $200,000 to well over $3 million in the previous week. The trading volume is a crucial metric that helps measure market interest, market activity, and liquidity of a non-fungible token collection. As such, high trading volumes often suggest rising liquidity and increasing demand for NFTs in a collection. Another data point that points to the rising demand for CryptoPunks’ non-fungible tokens is the growing floor price. As of this writing, the NFT collection boasts a floor price of 59.4 ETH, reflecting a roughly 27% increase in the past seven days.
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🔫 DigiDrub Founder Acquires Minority Stake in Enterprise Metaverse Reach
DigiDrub founder and Managing Partner, Aninda Bose completed acquisition of a minority stake in Industry Metaverse Reach, the trailblazing enterprise metaverse firm, www.reachcloud.org. Driving the momentum of Metaverse adoption are factors such as the reduced cost and weight of VR headsets, coupled with advancements in processors and graphics technology. Enterprises are leveraging these developments to pioneer the next generation of VR training modules. Gamification in enterprise learning and development (L&D) is carving out a new niche in the training sector. By gamifying learning modules, enterprises are making it not just feasible but also enjoyable for users to upgrade their skills and have fun as they hone their knowledge. "Metaverse offers unparalleled advantages, from limitless scalability to collaborative rapid development and the flexibility of centralized modifications. Our investment in industry Metaverse Reach aligns perfectly with our vision of harnessing these benefits for our customers," said Aninda Bose, founder and Managing Partner of global Digital Experience agency, DigiDrub.
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🔫 TCG World Metaverse and Procedural Worlds Craft Vast and Vivid Landscapes with Groundbreaking Technology
TCG World Metaverse has joined forces with the talented team at Procedural Worlds to forge a sprawling and immersive environment within the burgeoning metaverse sector. Covering an impressive 900 square kilometers, TCG World has been meticulously sculpted into four distinct regions: North, East, Forest, and Asia. Each quadrant boasts its own unique biome and atmosphere, thanks to the innovative suite of tools provided by Procedural Worlds — Gaia, GeNa, and the revolutionary new software, Storm. The TCG World Metaverse is not just a feast for the eyes but also an odyssey of discovery. Procedural Worlds has sprinkled the landscape with enthralling points of interest that are set to become iconic landmarks within the virtual space. Among these are the mysterious Glacial Ruins, the secretive Dragon Cave club hidden within a cavern's depths, and the adventurous Pirate Cove. Additional constructs such as marinas, ports, and other key areas serve both aesthetic and functional roles, inviting interaction and exploration. The terrain undulates between serene valleys and imposing mountain ranges, punctuated by breathtaking waterfalls that beckon explorers and virtual adventurers alike.
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🔫 InvincibleMeta.Ai Lights Up Metaverse with Virtual Diwali: A Sustainable Fusion of Tradition and Technology
As the vibrant Indian festival of Diwali approaches, InvincibleMeta.Ai is poised to bring a dazzling display of virtual fireworks to its metaverse platform. Combining tradition with cutting-edge technology, the virtual celebration is scheduled for 7 pm on Saturday, November 11, 2023, offering a unique and immersive experience for users worldwide. A notable feature of the InvincibleMeta.Ai experience is its real-time synchronization with Indian Standard Time (IST), ensuring that the virtual world mirrors the day and night cycle precisely as it unfolds in the physical realm. Customers eager to partake in this virtual Diwali celebration can access the platform. This portal serves as the gateway to an experience that seamlessly blends the joy of Diwali with the wonders of virtual reality. Ajay Setia, Founder & CEO of Invincible Meta, expressed the company’s philosophy, stating that innovation should not only captivate the senses but also embody a commitment to sustainability and cultural resonance. As the virtual sky lights up with Diwali fireworks in the Metaverse, Setia envisions a celebration that reflects a sustainable approach to festivities, marrying digital experiences with cultural traditions. InvincibleMeta.Ai is dedicated to providing immersive experiences that align with environmental responsibility.
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🔵 NFT Giant Opensea Retrenches an Unknown Number of Employees
Opensea, one of the largest non-fungible token (NFT) marketplaces, recently parted ways with some of its long-serving employees as part of a rebuilding exercise. According to Devin Finzer, the co-founder and CEO of Opensea, the objective of the exercise is to have “a smaller team with a direct connection to users.” Finzer said while the departure is the “most difficult part of this change,” taking this step helps Opensea build a foundation which enables it to innovate faster. Finzer’s confirmation of the workers’ retrenchment is coming at a time when the NFT hype. Finzer’s confirmation of the workers’ retrenchment is coming at a time when the NFT hype continues to fizzle out. As recently reported by Bitcoin.com News, the NFT sales, which have been trending downwards since February 2023, went down by 21% in October. The flagging NFT sales have seen one of Opensea’s biggest investors Coatue mark down its investment by 90%. “We’re making these changes with our community in mind. As we rebuild, we’ll continue supporting our existing products, and will be iteratively testing Opensea 2.0 in public — remaining nimble, attentive, and focused,” Finzer said. The CEO added that his organization is now working on “re-orienting the team around” the upgraded product.
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🖼 The NFT Market Has Crashed
NFT market's multi-year downturn, many artists who once thrived are now navigating a challenging and uncertain landscape. The NFT market had experienced exponential growth in recent years before it stumbled, leaving artists to question whether digital artwork is still a viable avenue for success. As new technologies continue to emerge for the distribution of art, it is crucial for artists to focus on methods that enable them to promote and sell their work long-term, regardless of the state of any market. According to a recent survey by Artsy, a staggering 52% of respondents said they collect art to support artists, whereas 38% said they purchase art as an investment. This statistic highlights the enduring strength of artist communities and emphasizes the importance of connecting with individual collectors. Building personal connections with collectors is a powerful strategy, especially in terms of return on investment. When collectors feel a personal connection to an artist, they are not just buying art; they are investing in a creative journey. This emotional bond often leads to long-term support and a loyal collector base. Let's delve into why this approach is essential and explore its advantages, drawing inspiration from successful artist-collector relationships.
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🔫 Sony Pictures, Spyglass Media and MeetKai create Survive Thanksgiving horror metaverse
Spyglass Media Group and Sony Pictures have teamed up with AI and metaverse company MeetKai to create a horror metaverse experience for the upcoming horror film Thanksgiving. Survive Thanksgiving, developed on MeetKai’s metaverse platform, transports players into a nightmarish reality set in the peaceful town of Plymouth, Massachusetts. Through compatible VR headsets or any web browser on mobile or desktop devices, participants find themselves face-to-face. The immersive world of Survive Thanksgiving offers three realistic 3D avatars for players to embody as they attempt to escape the clutches of the town’s killer, John Carver. Exploring six iconic locations featured in the film from a first-person perspective, users can navigate the halls of Plymouth High School, interact with frightened inhabitants on Main Street, overcome challenges, and discover hidden easter eggs, unlocking new gamified player experiences. Moreover, the metaverse integration seamlessly incorporates eCommerce, allowing gamers to shop for exclusive film merchandise in a mini shop just outside the cemetery. These digital twin replicas provide realistic representations of the items, and purchases can be made through the seller’s official website.
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🖼 ATP Tour Releases Customizable Tennis Posters as NFTs
The ATP (Association of Tennis Professionals) has joined forces with the digital art platform Artchild to introduce “POSTERS,” a collection of limited-edition tennis posters that can be customized by fans. The collaboration is set to make its debut at the season-ending Nitto ATP Finals, taking place from Nov. 12 to 19, and will feature an official poster designed by acclaimed artist Honor Titus. Honor Titus, a visual artist hailing from Los Angeles, California, is not only known for his artistic prowess but also for his deep passion for tennis. “POSTERS” apart is the interactive element it offers to fans. Through the Artchild digital canvas and artist-curated color palettes, tennis enthusiasts will have the opportunity to customize and purchase their own versions of the Nitto ATP Finals Official Poster. Each customized poster will come to life as a physical print, carefully packaged and shipped to fans’ homes. In a nod to the digital age, every poster will also be accompanied by an NFT on the Polygon blockchain. A select number of these fan-customized posters will be prominently displayed at the Pala Alpitour arena. The official poster, in its original design by Honor Titus, along with its digital counterpart, will be exclusively available for purchase during the 2023 Nitto ATP Finals.
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🔫 Metaverse Spectrum Business Conference Announces First-Ever Pitch Fest in the Metaverse on December 7th, 2023
The Metaverse Spectrum, an online marketplace for metaverse solutions and Web 3.0 technologies, is proud to announce that its inaugural Pitch Fest in the Metaverse will take place virtually on December 7, 2023, at the second annual Metaverse Business Conference and Expo.This groundbreaking event will bring together esteemed investors from various sectors, including venture capital firms, investment banks, private investors, and angel investors, providing a unique opportunity for companies in the AI, VR, Web3, and augmented reality industries to pitch their businesses for funding. Among the notable investors attending the Pitch Fest are SC Ventures, Focus Investment Banking, Spouting Rock Asset Management, London Real Ventures, and Newbridge Securities Corporation, among others. These influential investors will be actively seeking groundbreaking ideas and innovative startups to support and nurture. Furthermore, the Metaverse Spectrum Business Conference has joined forces with fintech.tv, a renowned financial technology media platform, to offer participating companies an unparalleled opportunity for additional exposure. Through this partnership, companies will have the chance to showcase their ideas and business models to a global audience, increasing their visibility and attracting potential investors.
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🖼 Steve Aoki Launches Exclusive Digital Sneakers as NFTs on Stepn’s Move-to-Earn Platform
Steve Aoki and Stepn collaborate to release a limited series of NFT digital sneakers. Image by GulyaevStudio, Adobe Stock.In a recent collaboration that brings together the entertainment industry and cryptocurrency, electronic musician and NFT creator Steve Aoki has teamed up with the mobile move-to-earn game Stepn. The partnership seeks to launch a unique collection of digital sneakers as non-fungible tokens (NFTs) on the Solana blockchain. The collection aligns with Aoki’s existing NFT-based membership club, A0K1VERSE. The Steve Aoki x Stepn collection consists of 300 limited-edition digital sneakers in four distinct designs—Walker, Jogger, Runner, and Trainer. 240 of these will be sold via the MOOAR marketplace between October 31 and November 4 for 3,500 GMT (approximately $695). An additional 60 NFTs will be allocated to Aoki’s fan community, rounding off the collection at 300 NFT editions. The NFTs, when connected to mobile phones via the Stepn platform, allow users to earn crypto rewards based on their physical movements, such as walking or jogging. Created by Find Satoshi Lab, Stepn claims to have over 2 million active monthly users. “Collaborating with Stepn is an exciting step towards bringing the metaverse and real world closer together,” Steve Aoki said in a release.
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🔫 Everdome unveils Spaces metaverse-as-a-service platform
In a move that the Dubai-based metaverse project says will usher in a new era of metaverse accessibility, Everdome has launched the Spaces metaverse-as-a-service (MaaS) product line with the aim of making the metaverse more accessible for all. Spaces is designed to allow users without deep technical knowledge to quickly produce metaverse experiences that can last for days, weeks or even a matter of hours as a metaverse pop-up space. Citing the reasons for the launch, Everdome noted a report by McKinsey showing that almost 60% of consumers. Yet Everdome said the research also highlighted that the metaverse remains confusing for many business and consumer users, with greater barriers to entry and understanding than widely used web2 applications. Everdome said it was seeking to change this with its Spaces application, which it said would deliver easy-to-use, customisable and engaging metaverse pop-up spaces that can be created in a matter of minutes. This product release follows closely behind Everdome’s Mars Landing experience release, which represented the completion of its alpha layer-one of their immersive metaverse destination, taking users from a virtual Hatta Spaceport through to a digital imagining of a future Martian civilisation. Created as a standalone application from the Mars metaverse environment, Spaces aims to address the ongoing challenge of accessibility in metaverse development.
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🇬🇧 UK risks regulating NFTs the wrong way, says Mintable CEO
The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks. In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates the role NFTs play in copyright infringement and fails to recognize that they are more than just volatile digital pictures. “NFTs are in a transition phase where they’re moving away from the speculative boom of PFPs, and now it’s going into utilities of brands implementing NFTs across a whole range of different things,” Burks explained. In the Oct. 11 report, the Culture, Media and Sport Committee urged the government to take action to protect artists and content creators from copyright infringement associated with NFTs. Burks acknowledged that copyright protections and intellectual property rights for artists are of paramount importance, pointing to Mintable’s own IP protection algorithm it uses to prevent plagiarism on its platform. However, he explained that while these issues should be a top priority for all NFT platforms.
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🔫 Nomura and Laser Digital Launch Metaverse Botanical Garden for Digital Innovation
Laser Digital Holdings has joined forces with Nomura Holdings to unveil the Nomura & Laser Digital Botanical Garden in The Sandbox metaverse. This immersive experience, which has been introduced as part of The Sandbox Fall Event, serves as a showcase for the combined expertise and resources of Nomura’s Digital Company and Laser Digital, with the primary aim of accelerating the bank’s advancements in the digital asset sector. The Nomura-Laser Digital Botanical Garden offers a serene setting in the form of a Japanese botanical garden. Visitors to this metaverse can embark on a journey through 20 quests, engaging with avatars representing senior executives from Nomura and Laser Digital. The quests include activities such as cultivating a personal bonsai tree, adding an enriching layer to the virtual experience. Throughout the garden, QR codes are strategically placed to provide visitors with in-depth information about Nomura, Laser Digital, and their strategic investments and innovations in the realm of digital assets. The Sandbox, a virtual world underpinned by NFTs on both the Ethereum and Polygon blockchains, has been in existence since 2011 and has accumulated over 4.7 million registered accounts since its inception.
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📣 Galgotias University Organizes Workshop On Metaverse
The Department of Mass Communication at Galgotias University hosted a workshop on the topic of Metaverse. Anshul Aggarwal, the founder of XR Central Company, along with his team member Mayank Singh, graced the event as esteemed chief guests. Anshul Aggarwal discussed the intricacies of Metaverse, talking about Virtual Reality, Augmented Reality, and Video Gaming. He further mentioned that it may take 5 to 10 years for this technology to become mainstream since it is difficult to comprehend. Metaverse is a virtual realm where humans reside and soon will have the ability to engage in activities as humans do. The metaverse will offer various forms of entertainment, we will be able to buy virtual properties etc. He illustrated this with an example where a student residing in a rural area can attend a college class in Delhi, simulating a typical classroom experience. Dr. K. Mallikharjuna Babu, Vice-Chancellor expressed his delight while addressing the students who were engaged in the creation of a virtual portfolio on metaqube.in. He commended both the students and the faculty for their efforts in organizing an innovative learning workshop on Metaverse.
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