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❕ Shemaroo Entertainment collaborates with The Sandbox
According to an official release, Shemaroo Entertainment Limited, a media and entertainment conglomerate, announced its collaboration with The Sandbox, a decentralised gaming virtual world and a subsidiary of Animoca Brands, set within BharatBox, a cultural metaverse hub in The Sandbox featuring artists and brands from India’s entertainment industry. The Sandbox is a testament to Shemaroo’s plan to bring innovation and embrace the future of entertainment. Shemaroo’s foray into digital collectibles and non-fungible tokens (NFTs) is expected to have secured its presence in the metaverse. Together with BharatBox, this venture plans to reinvent entertainment, infusing Bollywood IPs such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue and 22 Yards, among others, offering fans a virtual engagement. Furthermore, “This partnership is not just about bringing Bollywood to the metaverse but celebrating the cinematic history of India in a space that can redefine the future,” .Shemaroo’s foray into digital collectibles and non-fungible tokens (NFTs) is expected to have secured its presence in the metaverse.
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🔫 Global Mofy Metaverse Limited Accredited for iQIYI’s Leap Project
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 the Company has been accredited for the so-called “Leap Project” of iQIYI INC (“iQIYI”), a leading provider of online entertainment video services in China. Global Mofy Metaverse has been officially selected to join a strategic collaboration with iQIYI through a two-year partnership agreement (the “Agreement”), which establishes the Company as an accredited visual effects supplier within IQIYI's ecosystem, specifically focusing on delivering virtual technology services. The Company expects to sign a formal collaboration agreement with iQIYI early next month. The terms of the Agreement have been settled. Pursuant to the Agreement under negotiation, Global Mofy Metaverse will play a pivotal role in iQIYI's future film and television projects. The collaboration with iQIYI, which is renowned for its high-quality content offerings, presents a significant opportunity for Global Mofy Metaverse to showcase its expertise and expand its market presence.
NFTs | OpenSea | News
🖼 Game distributor G2A opens gaming-focused NFT marketplace
Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by adding gaming NFTs to its wider collection of gaming software. According to a press release sent to Cointelegraph, the new venture launched on Nov. 15 is aimed at giving exposure to Web3 and NFT games that the G2A team has curated. With this, gamers will have the chance to see what blockchain gaming offers and be shown NFTs from games partnered with G2A. Bartosz Skwarczek, the CEO of the G2A Capital Group, said in a statement that the company has been following the development of the blockchain gaming sector since the advent of NFT gaming project Cryptokitties. As it watched, it discovered that gamers already engage with the sector despite some believing gamers hate crypto. Because of this, the game vendor launched G2A Geekverse to provide an online space for fans of Web3 games. Skwarczek added that within this space, gamers will “find information about the best Web3 games” and “have the opportunity to buy and sell digital assets associated with these games.”. Traditional gaming distributors have been warming up to Web3 gaming since 2023.
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🖼 OpenSea NFT users report massive email phishing campaign
Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack and have received emails containing malicious links from attackers posing as the marketplace. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer. One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt at an email strictly dedicated to their OpenSea Application Programming Interface (API) key. “In other words, dev contacts have been exfiltrated from OpenSea and are the real target in this campaign,” the post read. The social media report came in response to OpenSea’s insistence that the platform has not been hacked and urging users not to click on links they don’t trust. Another OpenSea user took to Reddit to express confusion about the ongoing phishing campaign on Nov. 14.
NFTs | OpenSea | News
🔫 EverQuest, Call of Duty Vets Unveil Metaverse Game Avalon
Avalon is coming. On Tuesday, online gaming startup Avalon unveiled the first trailer for its upcoming metaverse game of the same name, offering the first substantial glimpse of the experience. It’s led by an array of game industry veterans—and it’ll use both blockchain tech and AI tools. Launched in 2022, Avalon boasts a team of industry leaders who have worked on landmark games like EverQuest, Call of Duty, Diablo, Assassin’s Creed, Elden Ring, and World of Warcraft. In February, Avalon announced a $13 million raise led by Bitkraft Ventures. According to Jeffrey Butler, Avalon’s chief product officer and former EverQuest creative director, the fantasy game spawned from an attempt to create accessible new tools for other teams. “Initially, we were building a product that would allow developers like ourselves to create games and create them rapidly—not in new ways, but without the need for any sort of developer-level understanding of how to build games, where we would provide templates and Lego-style modular pieces that we assembled,” he explained. Avalon collaborated with Didimo and Inworld AI to create its virtual universe. The team utilized Didimo's Popul8 platform for character creation and Inworld AI's advanced AI-driven character engine to design characters and non-player characters (NPCs).
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📣 ELF Launches First Experience on Roblox
ELF Up! takes users on a dynamic, personalized journey to become successful entrepreneurs and cultural changemakers. In ELF Up!, users create dream startups that represent places and causes they care most about. The highly personalized experience fosters an advanced level of self-expression while building life skills like gamified financial literacy and raising social awareness that users will continue to flex each time they return to ELF Up. “Our community has been asking for us to be on Roblox,” said Kory Marchisotto, chief marketing officer, ELF Beauty. “It’s part of our journey to disrupt norms, shape culture and connect communities through positivity, inclusivity and accessibility. We did it first on TikTok with ELF Yeah, then on Twitch with ELF You and ELF Up! on Roblox will be no different. This time we are able to create an experience where our community can follow their entrepreneurial dreams and empower the next generation of changemakers who flourish in these digital economies.” World Economic Forum's 2023 Future of Jobs Report insight, which states that "creative, analytical thinking and coding are the key skill sets for today’s workplace".
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🖼 Disney Reveals NFT Platform With Dapper Labs, Including Star Wars and Pixar
Entertainment giant Disney will launch an NFT collectibles platform with NBA Top Shot maker Dapper Labs called Disney Pinnacle, the companies announced Tuesday. Inspired by the physical pins that Disney sells at its theme parks and that fans collect and trade, Disney Pinnacle will offer pin-inspired digital collectibles that are minted as NFTs on the Flow blockchain—the same network as NBA Top Shot and NFL All Day. The platform will include digital pins based on Disney, Pixar, and Star Wars characters and properties. In an interview with Decrypt, Dapper Labs CEO Roham Gharegozlou mentioned such characters as Buzz Lightyear and Woody from “Toy Story,” the Disney Princesses, and Darth Vader from “Star Wars” as some that will be in the mix. While Disney also owns Marvel, the comic book IP wasn't mentioned in the announcement. Asked if Marvel is coming to the platform, Gharegozlou said, “not at launch.” Disney Pinnacle was designed from the ground up for mobile, unlike Top Shot, which launched first on the web and later added a native mobile app.
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🔫 Dear Blink, Blackpink Ready to Shake Metaverse Through Roblox
Previously reported, Girlband from South Korea, Blackpink is ready to attend Roblox. YG Entertainment's besutan group made history this year as the first K-pop group to become Coachella headlines, and now heads to metaverse through Roblox by launching 'Blackpink the Palace'. Harvesting the DeCrypt page on Tuesday (8/22/2023), this experience will give Blink, a designation for Blackpink fans an interactive space to enjoy Blackpink music and gather to re-create their famous choreography. Fans can also take photos with the avatars of the members, including Jennie, Lisa, Jisoo, and Rosé, and buy a series of clothes and emojis specifically for their own avatars. Users will also be able to enhance their experience items by destroying crystals using 'lightsticks', lighted trinkets that are shaped like hammers. Blackpink The Palace will be updated with new content throughout the year with a series of challenges that will give Robux players, the currency in the Roblox game. The Blackpink-themed Roblox world will be launched August 25, and has been developed by the British studio Karta. Every fan who visits the game within the first 24 hours after release will receive a unique badge for their Roblox profile.
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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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🇹🇼 Jorjin combines AR with healthcare to build Taiwan's first 'optometry X metaverse center'
A groundbreaking collaboration has emerged between Jorjin, a provider of augmented reality technology, and the Department of Optometry at the Central Taiwan University of Science and Technology (CTUST). This partnership marks a significant step in the integration of healthcare and digital advancement, leading to the establishment of Taiwan’s inaugural optometry center dedicated to exploring the metaverse’s potential. This union signifies a bold venture into uncharted territory, melding the precision of optometry with the boundless possibilities of the metaverse. The initiative is not just a first for Taiwan but also sets a global precedent for the application of augmented reality within the field of eye care. The collaboration is driven by a mutual recognition of the transformative impact such technology could have on both education and the treatment of visual impairments. Such a pioneering project reflects the digital zeitgeist, where virtual and augmented realities are increasingly intersecting with diverse professional fields.
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🔫 Copyright expo to feature online metaverse exhibition
The Ninth China International Copyright Expo, to be held in Chengdu, Sichuan province, from Nov 23 to 25, will feature an online metaverse exhibition for the first time, organizers said on Wednesday. The exhibition will use livestreaming to present offline forums and activities at the expo and also offer digital copyright consumption scenarios, said Wang Zhicheng, head of the copyright management bureau at the Publicity Department of the Communist Party of China Central Committee. The exhibition will use livestreaming to present offline forums and activities at the expo and also offer digital copyright consumption scenarios, said Wang Zhicheng, head of the copyright management bureau at the Publicity Department of the Communist Party of China Central Committee. He added that the exhibition aims to offer new ideas, approaches and paths for the transformation and development of the digital copyright industry. In addition to the exhibition, visitors will also witness China's latest achievements and technologies in the copyright industry at the expo, Wang said. He said people participating in the ninth such expo will come from more than 20 countries and international organizations.
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📊 Metaverse Market is Predicted to Garner $1,237 Billion by 2030: Allied Market Research
As per the report published by Allied Market Research, the global metaverse market is envisioned to generate a revenue of $1,237 billion by 2030. The market accounted for $41.9 billion in 2020 and is projected to manifest a fascinating CAGR of 40.4% over the forecast period 2021-2030. The report presents a comprehensive analysis of the market size & estimations, changing market trends, top investment pockets, drivers & opportunities, top winning strategies, and competitive landscapes. The global metaverse market is predicted to observe significant growth owing to the increasing popularity of cryptocurrencies and non-fungible tokens (NFTs). Furthermore, the compassionate goals of the decentralized network technology are predicted to bring profitable growth opportunities for the market over the estimated timeframe. However, complex security and privacy challenges on the Metaverse platform may impede the growth of the market to some level. The global metaverse market is evaluated based on component, technology, application, industry vertical, and region. By component, the hardware segment held the highest market share in terms of revenue, providing more than half of the total market revenue in 2020.
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🖼 'Mutant Ape Planet' NFT Developer Pleaded Guilty in $3M Fraud
The developer behind the Mutant Ape Planet non-fungible token (NFT) collection – a knockoff of the Mutant Ape Yacht Club NFTs – pleaded guilty on Tuesday to defrauding buyers in a rug pull that netted almost $3 million, according to the U.S. Department of Justice (DOJ). Aurelien Michel, a French citizen who lived in the United Arab Emirates, was arrested earlier this year in New York. He faces up to five years in prison and has agreed to pay $1.4 million in forfeiture, according to the U.S. Attorney for the Eastern District of New York. “Our office is acutely aware that criminal actors are taking advantage of the constant pace of innovation in the digital asset space and the investing public’s desire to become involved in cryptocurrency to perpetrate large-scale frauds," said U.S. Attorney Breon Peace.He faces up to five years in prison and has agreed to pay $1.4 million in forfeiture, according to the U.S. Attorney for the Eastern District of New York. When the Mutant Ape Planet buyers began realizing they'd been duped by the developers, authorities say that Michel, posting under the pseudonym “James”, admitted to the rug pull in the community’s Discord channel. “We never intended to rug but the community went way too toxic,” the developer posting as “James” wrote. “I recognize that our behavior led to this.”
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🇰🇷 Korea Metaverse Festival 2023 Concludes Successfully with Over 18,000 Attendees
The 8th Korea Metaverse Festival 2023 (KMF 2023), held under the theme “Again Metaverse, Partnering with A.I.,” officially concluded on October 18th at COEX. The exhibition, which attracted over 18,200 attendees, featured a record participation of 191 companies and 330 booths. At the opening ceremony on October 16th, Minister Lee Jong-ho of the Ministry of Science and ICT delivered digital rights and metaverse ethics policy messages in a virtual space created using metaverse technology. The global conference, “The MEANS,” featured policy announcements on metaverse by the Ministry of Science and ICT, as well as keynote speeches by experts from leading metaverse companies such as META, HTC, and NAVER Z. The conference explored the development of the metaverse industry, integrating A.I. and various sectors, presenting business strategies for Metaverse of Things (MoT) and Metaverse as a Service (MaaS). MoT (Metaverse of Things) signifies the metaverse version of the Internet of Things (IoT), connecting everything to the metaverse. MaaS (Metaverse as a Service) is the metaverse version of Software as a Service (SaaS), representing a subscription-based model for using metaverse platforms.
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🖼 NFT sales volume upward trend to continue, industry execs say
In the weeks leading up to November, nonfungible token (NFT) data showed a consistent upward leap in weekly sales. While the volume is still far from its peak in 2021, executives in the industry believe the upward trend will likely continue. On Nov. 6, data published by blockchain analytics firm Nansen showed that NFT sales volume leaped from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 6. According to Jonathan Perkins, the co-founder of NFT marketplace SuperRare. Perkins also believes that the downturn in NFTs was “purely sentiment.” The SuperRare co-founder told Cointelegraph in a statement that in the past 18 months, nothing “inherently went wrong” with NFTs. “NFTs are a fundamental advancement in the internet because they introduce traceable origin and ownership to digital objects. This unlocks a new online creator economy that can be 100x bigger than Web2,” he added. The executive also believes that in the long term, NFTs will be a big part of the online economy, and the space will see volumes that “eclipse those of the last cycle.” Meanwhile, Oscar Franklin Tan, the chief financial officer of NFT platform Enjin, echoed the sentiments.
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🖼 Mad Lads NFTs Hit All-Time High as Backpack Taps FTX Lawyer for Exchange Launch
Solana-based NFT wallet app Backpack will launch a cryptocurrency exchange based in Dubai, the company has added former FTX general counsel Can Sun to lead the exchange. And now Backpack’s associated NFT project, Solana’s Mad Lads, has soared to an all-time high price. The news comes just weeks after Sun testified against ex-boss Sam Bankman-Fried in the U.S. government’s fraud trial against the FTX co-founder and former CEO. According to the report, Trek Labs aims to sell a 10% stake of the company to investors at a valuation above $100 million. Coral co-founder and CEO Armani Ferrante is listed as a minority shareholder in Trek Labs, per the report, while his wife Claire Zhang also holds a stake. Zhang was previously Sun’s deputy at FTX, while Ferrante himself worked at both Alameda and FTX before founding Coral. Trek Labs announced in October that it obtained a Virtual Asset Service Provider license from the Dubai Virtual Assets Regulatory Authority (VARA) to launch a regulated exchange in the country. Sun disclosed his history with FTX during the regulatory application process, according to the Wall Street Journal.
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🇨🇳 China declares stealing digital collections like NFTs liable for criminal theft sentence
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.” The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft. It elaborates on this topic, naming digital collections “network virtual property” and stressing that in the criminal law context, “collections should be recognized as property.” NFTs were specifically mentioned, establishing that digital collections are derived from the concept of NFTs “abroad” and use blockchain technology to “map specific assets” with “unique, non-copyable, tamper-preventing, and permanent storage characteristics.”
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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.
NFTs | OpenSea | News
🔵 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.
NFTs | OpenSea | News
🖼 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.
NFTs | OpenSea | News