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💰 'Bitcoin NFT' Hysteria Comes to Sotheby's as Super-Mario-Style Mushroom Character Tops $200K
The first-ever sale by Sotheby's of "inscriptions" created using the Bitcoin blockchain's Ordinals protocol – from a pixelated collection known as "BitcoinShrooms" – drew about $450,000, or five times the highest estimates, potentially revealing a mainstream fervor for the tradable digital images colloquially referred to as "NFTs on Bitcoin.". The auction, which concluded on Wednesday, consisted of three of the images, including a pixelated avocado that fetched more than $100,000. The results recall the mania that swept digital-asset markets a couple years ago when digital artwork and non-fungible tokens or "NFTs" first started drawing eye-popping sums, and captured mainstream attention; one NFT by the artist Beeple drew $69 million at the auction house Christie's. Many of those collections, however, were built atop the Ethereum blockchain. The Ordinals inscriptions, which debuted late last year featuring a new technology pioneered by Casey Rodarmor atop Bitcoin have witnessed bouts of popularity this year sufficient to cause congestion and elevated fees on the distributed network, launched in 2009 to be a peer-to-peer payments network.
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🪙 Casio Drops Virtual G-Shock Watches as Ethereum NFTs—With Exclusive Perks
Japanese electronics company Casio has launched an exclusive collection of digital art collectibles featuring its iconic G-Shock brand of watches, with a fresh set of incentives tied to the Ethereum NFTs. The limited-edition set of 2,000 NFT art pieces in a pair of futuristic “Virtual G-Shock” designs went on sale at 10pm ET Thursday. This marks Casio's second foray into the NFT space following September’s debut of free G-Shock Creator Pass NFTs on Ethereum scaling network Polygon. Owners of the Ethereum NFTs will gain access to exclusive behind-the-scenes experiences with Casio, including a tour of the G-Shock Endurance Test Laboratory in Tokyo that showcases the durability testing the brand is known for. Collectors will also attend a roundtable discussion with designers to learn about the creative process behind the virtual G-Shock models. Furthermore, owners will receive behind-the-scenes design materials tied to the Virtual G-Shock watches, along with the first right to buy the next wave of Virtual G-Shock NFTs. Additionally, Casio has hinted at future opportunities for NFT holders to collaborate on creating new digital Casio products.
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🖼 'Lords of Light' NFT Game Studio Raini Reveals New Owners, RST Token on Beam
Crypto infrastructure firm Ceden and the studio behind the NFT collection Kanpai Pandas have bought and acquired Raini Studios, the firms announced Wednesday. The new joint venture is called RJV International DBA Raini Studios, according to a post from the Raini team. The team’s token, RST, is a consolidation of its previous RAINI and PHOTON tokens and will now live on the Avalanche subnet Beam, a gaming network, per CoinGecko data. Together, the three teams have already begun work on a new game that they say uses one of the largest combat game IPs in the world, they shared in a Twitch stream. The name of the IP has not yet been revealed, but Ceden co-founder and game industry veteran Michael Haller shared that more details will be revealed “shortly.” Raini Lead Designer Marty Burgess is now a part of the new, larger studio, and the entire Raini team will stay on post-acquisition, the studio confirmed to Decrypt. Raini Studios is primarily known for its digital trading card game Raini: The Lords of Light, which offers a free-to-play Hearthstone-like gaming experience with tons of crypto memes and optional NFT cards.
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🖼 J1mmy.eth once minted 420 Bored Apes… and had NFTs worth $150M: NFT Creator
Jimmy McNelis, aka j1mmy.eth, will hold a special place in history as a creator, as a passionate advocate, and for having one of the greatest NFT collections of all time. An NFT OG who started his journey on Dec. 5, 2017, when he purchased his first CryptoKitty, the 45-year-old American is also the founder of Avastars, an early PFP project from February 2020 that set the scene for intellectual property (IP) rights being given to holders. That was popularized by Bored Ape Yacht Club and the 2021 PFP mania that saw IP rights for holders becoming the standard for most projects. Avastars was also a pioneer in putting the project on-chain, inspired by Autoglyphs, which minted 10 months earlier. J1mmy also has an almost unrivaled NFT collection worth around $150 million at the peak. The astonishing collection includes eight Autoglyphs, 19 Chromie Squiggles, 30 Bored Apes, five CryptoPunks, 11 Gazers, 61 Meebits, 114 CyberBrokers and a Twin Flame by Justin Aversano. “One thing that I maybe don’t do a good enough job really talking about is the collector aspect of my NFT journey and the art collector that I am as well. I believe that I have one of the best art collections in existence.”
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🔫 ODDLY-SHAPED PLAYSTATION 5 PRO CONCEPT EMPHASIZES VR IMMERSION FOR METAVERSE GAMES
Sony just released the PlayStation 5 Slim to give gamers another reason for hitting the couch this winter season. The console is considerably smaller than the bigger brother released in November 2020. The question remains, is it the better version of the PS5 or do gamers deserve a better gaming console from Sony.This is where the rumors of a PlayStation 5 Pro sound exciting, filling in the gap to the long lull before PS6 finally hits the shelves. This flamboyant concept gives our imagination wings of what PS5 Pro could bring to the competition. The main focus here is on the augmented reality and virtual reality aspects of modern games, and that’s where we’re headed in the future. Gear for such a gaming console requires VR headsets and accompanying controllers. The rear of the console houses the VR controllers and headsets and comes with wireless plug-and-play functionality. To keep the wire-clutter of main cables routed to the console to a minimum, the bottom rear handles the organizing aspect. What’s most intriguing about this concept gaming console are the controllers. They can behave as knuckle controllers in conjunction with the VR headset for an immersive experience.
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🖼 Champions Arena is Ushering In a ‘New Generation’ of In-Game NFTs
Following its launch in August on Gala Games, OneUniverse’s turn-based mobile battler Champions Arena is powering ahead with the addition of new NFT features and a bold plan to win over Web2 gamers to the world of Web3 gaming.It’s a strategy that’s played out well for the game; Decrypt’s review of Champions Arena called it “addictive,” and “casual-friendly,” with a “solid core gameplay loop” that had our reviewer hooked for hours. With well over a hundred characters, plus levels, individual attacks and spells, “there is a ton of strategy involved,” said Brink. Once you’re ready to take the plunge into Web3 gaming, Champions Arena lets players segue smoothly into using NFTs. “All players have the option to play with minted NFT characters in all aspects of the game,” Brink explained. Players can take their NFTs into the PvP arena, where they can earn Victory Points that determine their daily GALA rewards for playing. “Additionally, all in-game characters may be minted (turned into owned NFTs) using purchased items called Minting Scrolls,” said Brink. “This allows players to level up their characters before committing to minting them.” A future update will add items called Nexus, an “extremely limited quantity” item that enables owners to rent out their best Champion characters to free players, unlocking their ability to earn GALA rewards.
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🔫 'One Point Five' climate-related newspaper in metaverse world launched at COP28
The COP28 conference witnessed the launch of the "One Point Five" newspaper dedicated to climate and environmental issues in the metaverse world to shed light on the repercussions of climate change and its impact on the environment. In a statement to the Emirates News Agency (WAM) during the conference, Khaled Ammar, Founder of the "One Point Five" newspaper, shared details about the newspaper, which integrates virtual reality, metaverse, and artificial intelligence technologies. Ammar, who is also a journalist, lecturer and writer at the International Journalists Network in Washington, explained that the idea of the newspaper aims to keep pace with the massive technological advancements in the metaverse world. Additionally, it actively contributes to easing the burden on nature by utilising virtual media. He added that the newspaper was launched by a group of Egyptian journalists, featuring a virtual studio, an editorial hall, meeting and lecture rooms, and a training centre. Through these facilities, they work to provide live models of nature, reducing physical visits to reserves and forests by allowing virtual exploration.
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🖼 Enjin completes Ethereum to Polkadot NFT migration
Longstanding blockchain gaming platform Enjin has completed its migration from Ethereum to its new Polkadot-based Enjin Blockchain, which is specifically designed for NFTs. Launched in 2017, over 200 million NFTs have been minted on Enjin’s Ethereum-based platform and users can now migrate all these assets using Enjin’s migration tools. In addition, Enjin is providing free transactions on its new blockchain for the next three months. More generally, Enjin’s decision to move to Polkadot enables its ecosystem to take advantage of features including a throughput up to 5,000 transactions per second, enforced on-chain royalties and transaction fees priced around $0.005. In addition, game developers will be able to deploy their own game chains while interoperating with the main Enjin chain. “Enjin’s migration from its legacy solutions exemplifies the community’s dedication to progress in its pursuit of mass-market success,” said Rene Stefancic, chief operating officer of Atlas, which is the company developing out the technology.
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🔫 OPC UA connects industry to the metaverse
The OPC Foundation reported Nov. 14 that it’s published its concept for a common metaverse solution for use cases, such as remote condition monitoring and maintenance, production process training and manufacturing logistics planning and execution. Its working group was able to publish in less than a year thanks to standardized solutions for requirements like information modeling, information exchange, cloud connectivity and asset identification. After the need for a standardized metaverse solution was identified by Dr. Holger Kenn of Microsoft in October 2022, the foundation’s board of directors decided to establish a working group, chaired by Erich Barnstedt of Microsoft, to make sure that OPC UA is well-suited for metaverse applications. With its base of standardized solutions, the working group reports it main task was assembling components for the use cases. In addition, the OPC Foundation’s YouTube channel provides an instructive recording detailing the standardized solutions for public access. It features condition monitoring overlayed over wind farm assets.
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🔫 BharatBox Brings The Mahabharata To the World Of Metaverse
BharatBox, the India destination within The Sandbox, in collaboration with Mythoverse, the vanguard of transmedia storytelling, recently unveiled a celestial partnership with their project: Mahabharata in the metaverse. This alliance marks a revolutionary stride in digital storytelling, reimagining the Mahabharata, an epic ingrained in Indian ethos, as an immersive metaverse experience, said the company in a statement. With this, the Mahabharata, a timeless saga of honor, valor, and destiny, finds new life in the BharatBox metaverse. Here, ancient lore meets modern technology, creating a multi-dimensional experience transcending time and space. Through the brilliance of Mythoverse's storytelling, the Mahabharata unfolds in a vivid, narrative-driven adventure, beckoning audiences from across the globe to witness the grandeur of Indian epics like never before. BharatBox is a joint venture company between Brinc and Sandbox set up to create a new cultural hub featuring key partners from India's entertainment, art, and sports sectors, including Bollywood.
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📣 Sony BBC Earth makes people ‘Feel Alive’ with Metaverse experience
The brand has developed two virtual worlds offering an unparalleled journey into the metaverse. Sony BBC Earth is giving viewers an opportunity to step into the Polar region and witness the breathtaking Aurora lights, inhabited by enchanting beings like penguins, seals, and polar bears. Tropical rainforest gives a chance to take a walk through alongside the lush green canopy teeming with exotic animals such as the Toucan, Cheetah, Crocodile, and Jackal. Sony BBC Earth in collaboration with The Little Flea Market is extending the metaverse experience to people of all ages. It promises a visual extravaganza, and an immersive adventure, providing attendees with an experience like never before. Scheduled for the 8th, 9th, and 10th of December 2023, from 3:00 PM to 11:00 PM, at the MMRDA Grounds, BKC, Mumbai, the Sony BBC Earth Metaverse kiosk is all set to curate unique and eclectic experiences. By creating some of the most pristine and inaccessible terrains on Metaverse, we are glad to offer an opportunity to experience the wonders of the world like never before.
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🖼 Pudgy Penguins Reveal 'Pudgy World' NFT Game Rollout Plans
Pudgy Penguins, the Ethereum NFT profile picture (PFP) collection first launched in July 2021, has unveiled a trailer at Art Basel in Miami for its 3D browser game experience, dubbed Pudgy World, which is slated to launch in alpha sometime in 2024. After controversy surrounding its original owner led to a buyout and change in leadership last year, Pudgy Penguins appointed an executive advisory board, raised $9 million in funding, stocked plush penguin toys in over 2,000 U.S. Walmart stores and Hot Topic locations. Now, Pudgy Penguin fans can take their first steps onto the ice in Pudgy World’s lobby. When it fully releases, Pudgy Penguin NFT holders as well as plush toy owners will be able to adopt a virtual likeness of their collectibles as a 3D character in the world. Pudgy World will also be free-to-play, however, so gamers can hop into Pudgy World, choose whether to buy traits to customize their own characters, and “embark on a story-driven journey,” according to a statement. The story of Pudgy World will follow two penguins, Pudgy and Peaches, as they embark on as-yet-unrevealed adventures. Under the hood, Pudgy World will use Matter Labs’ Ethereum layer-2 scaling protocol zkSync.
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🔫 Reebok Ventures into Metaverse with “Reebok Impact” Premiere
Leading sportswear brand Reebok is set to embrace the metaverse, aiming to elevate consumer interaction with its products, spanning from footwear to apparel. The ambitious venture, named “Reebok Impact,” is scheduled for a 2024 debut, promising a cutting-edge digital shoe experience that integrates elements of AI, web3, gaming, and metaverse technologies. metaverse is a strategic move to expand its digital presence and engage consumers in innovative ways. The collaboration with Futureverse marks the initial step in what both parties envision as a long-term partnership. Futureverse, a dynamic company encompassing 11 metaverse infrastructure and creative content firms, has already gained significant momentum in the market since its launch last year. Todd Krinsky, CEO of Reebok, expressed enthusiasm about the collaboration, emphasizing the goal to transcend traditional innovation boundaries. The partnership with Futureverse, coupled with the upcoming launch of Reebok Impact, aims to redefine the realm of possibility in the digital evolution of products, providing consumers with a unique and immersive experience.
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📊 NFT trading volume nears $1B as markets turn bullish: Report
As crypto markets turn bullish, nonfungible token (NFT) trading has started to join the wave, with volume nearing $1 billion in November, according to data published by the decentralized app tracking platform DappRadar. The report highlighted that the NFT industry maintained upward momentum for the second month in a row. Trading volume surged by 125% in November, suggesting a shift in user behavior compared to earlier downturns in NFT trading. On Nov. 6, analytics firm Nansen reported that NFT sales volumes showed continued weekly increases in October. NFT sales consistently went up, from $56 million in the week ending on Oct. 9 to $129 million in the week ending on Nov. 5. Executives working in Web3 believe that this trend may continue further in the coming months. On Nov. 14, SuperRare co-founder Jonathan Perkins told Cointelegraph that the worst of the bear market is “behind us” and things are starting to turn around. Despite a seemingly bearish mood all year, blockchain gaming projects managed to secure $2.3 billion in investments from the start of 2023 up to October. An earlier DappRadar report showed that in the third quarter of 2023 alone.
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🖼 SVARGA: Reshaping NFTs on the Bitcoin Ordinals
As market anticipation for BTC ETFs heats up, BTC has breached the $40,000 threshold, continuing its surge to new yearly highs. The rise of BTC is further buoyed by active trading in Ordinals: data from Dune Analytics shows that on December 3rd, the daily trading volume on mainstream platforms for Bitcoin Ordinals inscriptions rose to approximately $15.94 million, a more than 200% increase from the recent low of $4.94 million on November 26th. The development of Ordinals, much like the evolution of Bitcoin itself, demonstrates that what doesn’t kill you only makes you stronger. In this context, SVARGA, a new experiment on the Bitcoin network’s Ordinals, has garnered widespread attention. However, SVARGA is more than just an NFT issuance project on Ordinals; it represents a new direction in the NFT domain — transforming traditional PFP NFTs into more interactive and personalized Avatars. Differing from traditional NFT projects, SVARGA employs a unique method to create these avatars. Designers first gather Metadata from diverse sources to ensure the uniqueness of each NFT.
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🖼 Red Bull Formula 1 team drops NFTs after dominant season
Formula 1 racing team Oracle Red Bull is commemorating a strong showing in 2023 with a collection of digital collectibles. With two drivers atop the 2023 Formula 1 standings, Red Bull's racing team is dropping a collection of digital collectibles to commemorate its dominant year. Drivers Max Verstappen and Sergio Pérez ranked number one and two this year respectively, which also made Red Bull the clear leader among all other teams. The team is issuing NFTs to help fans remember the successful year. "The launch follows the most successful year in history for Oracle Red Bull Racing who set records for most championship points in a single season," Red Bull said in a statement. "The collectibles will feature unique art designed by Automobilist, an award-winning design studio with individuals passionate about creating designs and art around all things motorsport. The NFTs will be available via Bybit.com." Sports lovers have for several decades collected memorabilia and collectibles that they either treasure or perhaps later sell. In recent years, the push to bring the pastime into the digital age has attracted a lot of big name sports leagues and players within web3, including NBA Top Shot from Dapper Labs and Candy Digital's Major League Baseball NFTs.
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🖼 Social Giant Line Raises $140 Million for NFT Push, 'Brown and Friends' Games
Line Next, the NFT subsidiary of Japanese messaging giant Line, has raised $140 million in a funding round led by private equity firm Crescendo Equity Partners. The investment marks the largest backing for an Asian blockchain company this year, the company claims. The firm plans to use the fresh capital injection to expand its global NFT business and introduce new services to promote wider Web3 adoption. First on the agenda is the official launch of Dosi, Line Next’s global NFT marketplace, in January 2024. Integrated with Line's existing NFT platform in Japan, Dosi will be offered as a mobile app that enables global trading of digital assets. Line Next—which is based in South Korea but also has offices in the U.S. and Japan—is also developing a social app powered by AI avatars, as well as blockchain games utilizing Line's popular Brown & Friends characters from the Line Friends IP. The company also operates the Game Dosi platform, which hosts a number of NFT games. Finschia, which was previously called Line Blockchain (and originally the Link Chain). Finschia’s native cryptocurrency is LINK. Line Next and the Peter Thiel-backed Crescendo will join the Finschia Foundation to contribute to expanding the blockchain's ecosystem.
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⬜️ OKX NFT Marketplace Claims First Place in Dapp Radar Rankings, Surpassing Blur and OpenSea on December 13
OKX today announced that its NFT Marketplace has secured the top spot in Dapp Radar's ranking of NFT marketplaces on December 13. Surpassing other marketplaces like Blur and OpenSea, OKX NFT Marketplace has emerged as the go-to platform for NFT traders and enthusiasts.Dapp Radar ranks NFT marketplaces based on a combination of factors that reflect their popularity and activity, such as the average price of NFTs sold on the marketplace, number of unique traders on the platform and trading volume. In addition to its top ranking on Dapp Radar, OKX NFT Marketplace has also made significant strides in the BTC ordinals space. Its Ordinals Market, a leading platform for trading and inscribing BRC-20 and BTC NFTs, recently reached a percentage share of volume by marketplace of 91.7% on November 19 and 90.2% on November 21. The world's most powerful, secure and versatile crypto wallet which gives users access to over 70 blockchains while allowing them to take custody of their own funds. The wallet includes MPC technology which allows users to easily recover access to their wallet independently, removing the need for traditional, 'written down' seed phrases. In addition, OKX Wallet’s account abstraction-powered Smart Account.
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🖼 Trump hawks new NFTs for a chance to win a piece of his mugshot suit
Former President Donald Trump is adding a twist to his latest NFT sales pitch, unveiling another set of digital trading cards that will give fans the chance to not only eat dinner with him but also score a piece of the suit he wore for his recent mugshot. Previous Trump NFT drops have included bonuses like Zoom calls and an opportunity to dine with the president at a gala dinner. Trump is calling the suit he wore "the most historically significant artifact in United States history," according to the website promoting the NFT drop and bonus merchandise. The new "Mugshot Edition" trading cards cost $99, and anyone who buys 47 in a single transaction ($4,653) will get both dinner with Trump and a physical trading card that includes a piece of the suit he wore when the mugshot was taken by police in Georgia after he was indicted in August. Consumers who use crypto to buy 100 trading cards in one go will get extra bonuses including a chance to attend a "pre-gala" cocktail reception with the former president. Besides a physical card with a piece of the suit, those buying more than 100 cards will also receive another physical card that includes a piece of the tie he wore when police photographed him.While the 24-hour increase is notable, the total volume registered below $100,000, according to OpenSea data.
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🔫 Worldline Introduces Metaverse Shopping Hub
Worldline has released the Worldline Metaverse Shopping Hub within Spatial, a significant upgrade to its white-label solution for merchants seeking access to the Metaverse. Through this platform extension, online businesses will be able to benefit from major advances in graphical quality and accessibility across desktop, mobile and VR devices. With the Metaverse e-commerce marketplace estimated to reach US$2.6 trillion by 2030 according to McKinsey. After a successful launch of the Worldline Metaverse Shopping Mall earlier this year in Decentraland, Worldline now adds Spatial, thus creating a Metaverse Shopping Hub across various Metaverse platforms. Understanding the transformative nature of gaming’s influence on the digital world, season two within Spatial will provide new customer engagement methods supportive of the digital environment’s pre-existing intuitive behaviours. For example, merchants can incentivise users to participate in virtual scavenger hunts, allowing them to collect digital eggs in exchange for community card NFT rewards.
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🖼 FIFA drops NFTs that offer chance at World Cup final tickets, moves to Polygon
FIFA, the international governing body for the world's most popular sport, is dropping a limited number of digital collectibles later this week that will give holders the opportunity to watch the final game of the 2026 World Cup, according to a statement. "For the first drop, 100 digital collectibles will be made available ... and will feature the rarest collectibles that offer the chance to secure 2026 FIFA World Cup final tickets," the statement said. FIFA's NFTs were originally minted on Algorand, but are now planning to move to Polygon with the second stage of this upcoming collection, a blockchain popular among web3 gaming projects. Future FIFA digital collectible launches will also utilize Polygon, the statement said. When FIFA first announced "FIFA+ Collect" last year, it was billed as offering "football fans around the world with the chance to affordably own unique digital collectibles." The NFT drop comes as the FIFA Club World Cup 2023 is set to kick off tomorrow in Saudi Arabia. Big brands, however, have continued to pursue opportunities to service and monetize super fans with digital collectible initiatives.
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🔫 Oasys taps rollup platform AltLayer to simplify metaverse deployment
Gaming-focused blockchain Oasys collaborated with zero-knowledge rollup platform AltLayer to simplify the deployment of metaverses within the Oasys ecosystem. Oasys announced Tuesday that the partnership will use AltLayer’s rollup-as-a-service feature to provide a simpler experience to builders who want to launch blockchain games and metaverses within the Oasys network. In February 2022, Oasys launched its network to increase the mainstream adoption of play-to-earn (P2E) blockchain games. The network touts its “zero gas fee experience” and asset portability between projects built within it. The blockchain’s founding team included bigshots in gaming and crypto gaming. He also noted that with the number of small and medium-sized developers expected to increase, the team believes it’s important to provide a platform where creating a “Verse” within the second layer of Oasys’ two-layer architecture is easy. The environment around blockchain gaming had “definitely evolved,” and he sees the industry as “thicker” than the previous year.
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🔫 Fortnite's early billion-dollar metaverse ideas shared by former Epic Games exec
Fortnite was an ambitious game right from the get-go, and the free-to-lay sensation owes its success to a spoke diagram drawn on a dry-erase board way back in 2017. Ex-Fortnite creative officer Donald Mustard recently shared what appears to be Epic's 'north star' for the battle royale. This could be one of the earliest plans for gaming's growing metaverse aspirations. Fortnite has defined social gaming for years with its live concerts and in-game events, not to mention the plethora of crossovers with billion-dollar brands across multiple industries. The Hub is definitely a framework that's helping facilitate the nascent Games-as-a-Platform business concept for the interactive entertainment industry, which sees games can being distributed and played within other games. Epic and its partners just launched three new live service games that can be played within Fortnite itself, including an innovative and highly-praised Lego mode. Other examples include Ubisoft's upcoming Assassin's Creed Infinity game, and Roblox was a big innovator in this space as well.This could be one of the earliest plans for gaming's growing metaverse aspirations. Fortnite has defined social gaming for years with its live concerts and in-game events, not to mention the plethora of crossovers with billion-dollar brands across multiple industries.
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🔫 The global metaverse gaming market set to surge 1085.92% by 2030
The metaverse gaming market denotes a virtual space where players engage in real-time interactions, bridging the gap between physical and digital realms. Fueled by technological advancements such as augmented reality and blockchain, the metaverse in gaming has already transformed the landscape of interactive digital experiences. According to CoinJournal.net, the global metaverse gaming market is set to experience a significant change, with projections indicating a substantial leap from $14.2 billion in 2023 to a staggering $168.4 billion by 2030. Several factors contribute to the remarkable growth anticipated in the metaverse gaming market. First and foremost is the rapid advancement of technology, including augmented reality (AR) and virtual reality (VR). These technologies are creating immersive gaming experiences that go beyond traditional boundaries, enticing players into expansive virtual worlds. The shift in consumer behavior is another significant driver of the metaverse’s expansion. Gamers are increasingly seeking more than just isolated gaming experiences; they crave interconnected universes where they can socialize, create, and explore. The metaverse offers an answer to these demands, providing a holistic environment where players can engage with a multitude of activities beyond gaming.
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📣 India’s ABP Network Election Centre Metaverse Sets New Benchmarks
ABP Network announced significant success with its recently launched Election Centre Metaverse, achieving remarkable engagement during the counting day and beyond. The platform recorded an impressive turnout, boasting over 25,000 global users distributed across more than 500 parallel rooms. The Election Centre Metaverse by ABP Network, a groundbreaking initiative as the first media house in India. The platform witnessed a surge of over one lakh interactions encompassing Live TV, Video on Demand (VoDs), and Short Videos. Users actively participated in exploring election scenes, tuning into live streams, playing interactive games, casting virtual votes, and sharing selfies, setting a new standard for scalable virtual events accessible directly from mobile phones. ABP Network’s Election Centre Metaverse seeks to revolutionize the way election coverage is perceived. The platform aims to provide users with an immersive and interactive experience, blending technology and news reporting to offer a comprehensive view of the electoral process.
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💰 Solana Surpasses Ethereum in NFT Sales
Solana has recently overtaken Ethereum in terms of sales volume. Data indicates that Solana's sales have reached nearly $16 million after a 2.78% increase.This surge comes despite a broader downturn in the market, with Ethereum seeing a significant drop of 22.70% in sales.The blockchain landscape for NFT sales is showing interesting trends. Ethereum has long been the frontrunner in the NFT market, but recent data reveals Solana's ascending trajectory. Ethereum's sales have dropped to $11.4 million, a stark contrast to Solana's nearly $16 million in sales.Bitcoin, typically not a direct player in the NFT space, has recorded sales of $13 million. This is due to the surge of Bitcoin Ordinals, which have also contributed to the flagship cryptocurrency recently overtaking its altcoin archrival in terms of total fees.Other blockchains like Polygon and ImmutableX are also making their presence felt, albeit with lower sales volumes of $1.5 million and $942,113, respectively.Solana's NFT marketplace has seen a robust increase in activity, with Tensor emerging as the leading platform. The platform has achieved a monthly trading volume of approximately $1 million while surpassing Magic Eden.
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🖼 Shiba Inu-Backed Shibacals Unveils NFT Launch In Collaboration With Busta Rhymes
Shibacals, a peculiar real-life component of the Shiba Inu ecosystem, recently announced plans to launch an NFT collection. The upcoming launch of these NFTs, also known as the ‘Celebrities NFT Collectibles,’ comes in collaboration with Busta Rhymes. Busta Rhymes, a.k.a. Trevor George Smith Jr., is a distinguished American rapper and songwriter with a substantial worldwide influence. However, a key player within the Shiba Inu ecosystem, LucieSHIB, shed light on the upcoming NFT launch. Shibacals, a platform backed by the Shibarium ecosystem, announced the launch of the aforestated NFT collection today, December 9. Furthermore, the collection ‘Chooky feat. Busta Rhymes’ is all set to drop next year. As per the statement, December 20, 2024, marks the date for the release of Chooky feat Busta Rhymes NFT collectibles. Moreover, interestingly, Busta Rhymes promoted the collaboration by taking the NFT launch news to an X post. Besides, the songwriter claimed the collection to be an authenticated limited edition, fueling inquisitiveness within the NFT realm. The aforestated launch also comes in harmony with the recent upsurge witnessed by the Shiba Inu cryptocurrency.
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🖼 Amazon Prime Is Giving Out Free Items for NFT Game ‘Champions Ascension’
Champions Ascension, a combat-oriented action role-playing affair, is the latest blockchain game to offer up free in-game items for Amazon Prime subscribers to claim. Beginning Friday, the Amazon Prime Gaming portal is offering subscribers a free claim for 100 in-game gold, as well as a monster parts loot box. The loot boxes can eventually yield enough parts for a player to craft a monster for the upcoming Maestro Towers mode. While Champions Ascension is built around NFTs—including characters that were initially minted on Ethereum but later migrated over to scaling network Polygon—the items in the Amazon Prime giveaway are not tokenized NFTs that can be traded—they are purely in-game digital items. Some other Web3 games that have done Prime Gaming giveaways, like Gods Unchained and NFL Rivals, have taken a similar approach. New Champions Ascension in-game items will be offered biweekly through Amazon Prime Gaming as part of a 12-week promotion, with plans to give out resources like essence and bone alongside additional monster part boxes.
NFTs | OpenSea | News
🖼 OpenSea on back-footing as OKX surpasses it in NFT trading volume
According to data from DappRadar, OKX NFT marketplace secured 32% dominance in the NFT sector, surpassing OpenSea in trading volume. In a blog post on Dec. 7, 202, DappRadar gathered top marketplaces for trading digital collectibles, which allocated the most liquidity in November 2023. According to the data, the Blur marketplace was ranked the top platform, controlling a 35% share of the NFT trading volume. OKX NFT, a digital marketplace powered by the OKX crypto exchange, appeared to be the second-largest NFT platform over the past month, surpassing OpenSea in trading volume. As per DappRadar, OKX NFT secured a “substantial 32% dominance in the NFT sector,” overtaking OpenSea, which is currently holding a 10% market share in terms of trading volume. Yet, DappRadar Blockchain Analyst Sara Gherghelas notes that OpenSea remains the top platform in terms of user base with over 190,000 registered accounts as of November 2023. She also suggested OKX succeeded in its efforts thanks to its bet on unique offerings of Bitcoin Ordinals art pieces.
NFTs | OpenSea | News
📊 Metaverse Market Size to Surpass USD 3409.29 Billion by 2027, exhibiting a CAGR of 69.2%
The global metaverse market size was valued at USD 234.04 billion in 2022 and is projected to reach USD 3,409.29 billion by 2027, exhibiting a CAGR of 69.2% during the forecast period. Fortune Business Insights™ displays this information in a report titled, “Metaverse Market Forecast, 2023-2027.” Metaverse is a simulated digital environment created with the help of Augmented Reality (AR), Virtual Reality (VR), mixed reality, blockchain, and other advanced technologies. Many e-commerce organizations are availing digital world services to show their offerings in the virtual world and create a real-world experience for their customers. These companies are also increasing their investment in these services, thereby fueling the metaverse market growth. For example, in November 2021, Nike, Inc., a shoe and retail apparel giant, collaborated with Roblox Corporation to create a virtual world named Nikeland. Nikeland enables dressing up with individual avatars in Nike’s branded apparel and sneakers. Roblox Corporation acquired 3D Avatar creator Loom.ai, which supported the capabilities of the metaverse. This acquisition helped Roblox develop a real-time facial simulation that is equipped with advanced computer vision, deep learning, neural networks, and visual effects.
NFTs | OpenSea | News