Metaverse | Nfts | News

2023-09-29 09:14:08 'Hoofster' NFT-Backed Shoe Hits AVAVAV's Milan Fashion Week Runway

During Milan Fashion Week on Sunday, a distinctive shoe with crowdsourced design decisions and NFT functionality made its debut on the AVAVAV runway. Dubbed the Hoofster, the cloven-toed boot with a faux-fur overlay recalled the hooves of a shaggy pony. And now you can order it. The Hoofster, created in partnership with Web3 design studio OnlyEver, is linked to an Ethereum NFT thanks to an embedded near field communication (NFC) chip.

The shoe was co-created with the AVAVAV community, whereby details from structure to color and materials—and even the name—were all put to a vote. Ultimately, it can be worn with or without the faux-fur, revealing a black leather. “By embracing blockchain technology and involving our community in the design process, we are pushing boundaries and challenging traditional norms,” OnlyEver founder Rocco Bressanin said in a statement. He also emphasized his belief that the future of fashion lies in community and co-creation. OnlyEver is the newly launched arm of luxury Italian design and production company RubensLuciano, which boasts a 35-year history in the footwear industry.

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2023-09-28 08:53:48 Pudgy Penguins NFT Launches Toys in 2,000 Walmart Stores, Trading Volume Surges by 530%

Popular NFT collection Pudgy Penguins has launched its Pudgy Toys collection in 2,000 Walmart stores across the United States. The toys, which have been available online since May, are expected to see a significant boost in exposure with their presence in Walmart. Each Pudgy Toy will come with a unique birth certificate that enables owners to claim exclusive traits for their digital 'Forever Pudgy' character within Pudgy World.

“Pudgy Penguins is bridging the gap between our physical and digital worlds of play for kids in a really engaging way,” said Brittany Smith, vice president of merchandising – toys, Walmart U.S. According to data from CoinGecko, the NFT collection has registered 1,033 ETH (worth around $1.6 million) in trading volume over the past day, up by 530%. The floor price of the collection has also surged over 11% to 5.2 ETH (worth around $8,200), while its market cap reached 46,008 ETH ($73 million). Walmart's position as the largest retailer in the U.S. and one of the world's largest companies by revenue in 2022 will undoubtedly enhance the collection's popularity beyond the crypto industry. Pudgy World, an immersive multiplayer digital environment, allows users to explore, play games, and fully customize their Forever Pudgy character.

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2023-09-27 09:06:03 Cypher Metaverse Inc. Announces Next Steps in Proposed Business Combination With Agapi Luxury Brands Inc.

Cypher Metaverse Inc. (CSE:CODE) ("CODE" or the "Company") is pleased to announce that it has entered into a binding definitive agreement ("Definitive Agreement") dated August 29, 2023, in respect to a business combination (the "Transaction") with Agapi Luxury Brands Inc. ("Agapi"). It is expected that upon completion of the Transaction, the combined entity (the "Resulting Issuer") will meet the listing requirements for an industrial issuer under the policies of the CSE Venture Exchange (the "CSE").

The Transaction is expected to be completed by way of a share exchange, which will result in Agapi becoming a wholly-owned subsidiary of CODE. the holders of Agapi Common Shares will receive 0.7601 common shares of the Resulting Issuer in exchange for each of their Agapi Common Shares, (the "Exchange Ratio"); all outstanding Agapi warrants will be replaced with equivalent convertible or exchangeable securities of the Resulting Issuer entitling the holders thereof to acquire common shares of the Resulting Issuer; CODE will change its name to such name as determined by Agapi in its sole discretion, in compliance with applicable law and as may be acceptable to the CSE.

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2023-09-25 09:13:06 Magic Eden Introduces Solana cNFTs for Effortless NFT Minting

Magic Eden, where cutting-edge technology meets the thriving NFT industry. In this article, we will explore how Magic Eden is transforming the landscape of NFT minting through the integration of Solana compressed NFTs (cNFTs). We’ll delve into the benefits of cNFTs, their impact on scalability and affordability, and the potential they hold for various sectors, including gaming, events, music, and the Metaverse. Let’s dive in! cNFTs offer a revolutionary approach to digital collectibles by incorporating compact off-chain data storage.

One of the key advantages of cNFTs is their unparalleled scalability. By leveraging off-chain data storage, Magic Eden enables the creation of up to 1 million cNFTs for a fraction of the cost compared to Ethereum-based NFTs. While Ethereum transactions can range from $2.9 to over $30 for a single NFT, cNFTs offer a cost-efficient alternative, with approximately $110 enabling the minting of 1 million cNFTs. This remarkable cost-effectiveness paves the way for broader adoption and accessibility within the NFT ecosystem. Magic Eden’s introduction of cNFTs is a significant step towards democratizing digital collectibles.

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2023-09-24 21:39:27 Elacity Partners with the Metaverse Bank to Bring Seamless Payments and NFTs to the World’s Creators

Elacity, the global marketplace foruser-generatedd content on the Elastos Smart Chain (ESC), has partnered with the Metaverse Bank to provide a new model for seamless payment of user-owned content fees and royalties, allowing them to be moved freely between crypto and fiat currencies. Elacity’s unique marketplace and digital rights management system allow users to take ownership of their content and monetize.

Through the partnership, Metaverse Bank is making its Enigma stable coin payment engine available to content developers, enabling them to seamlessly transfer crypto earnings into any fiat currency around the world. Sash Mitchell, CEO of Elacity, describes the partnership as a’milestone’ for 99% of the creator community, which has traditionally remained subordinate to multiple other interests when attempting to protect the integrity and value of their work. This empowerment of content offers a new inclusive economic model for content creators, allowing them to define, receive, and share royalties automatically with key partners, co-creators, and other stakeholders in the form and format of their choice.

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2023-09-23 20:14:04 Senco Gold & Diamonds launches virtual jewellery showroom ‘Sencoverse’ on the Metaverse

Senco Gold & Diamonds, the Indian jewellery retailer with a legacy of over five decades, has taken a major step forward in the fast-evolving digital landscape by launching its first virtual showroom, ‘Sencoverse’ on the metaverse. It is India’s first virtual jewellery showroom on metaverse aimed at connecting with the new age customers to redefine their shopping by providing them a more customized and seamless experience.

Sencoverse, the digital platform from Eastern India’s largest jewellery retailer, is a convergence of technology and artistry to bring the brand’s exquisite jewellery to life in the virtual realm. The initiative offers an end to end shopping experience to customers, from hassle-free browsing of the virtual showroom to selection of items to receiving the chosen pieces at their doorsteps. Expressing his delight at the launch of this new initiative, Suvankar Sen, MD & CEO of Senco Gold & Diamonds, said, ‘The launch of Sencoverse marks a significant leap in our digital transformation journey and our commitment to offer exceptional and hassle-free shopping experiences to our valued customers. We believe that the digitally savvy millennials and Gen Z shoppers are the future of retail.

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2023-09-22 20:31:01 For sponsored ads in @DeFi_Updates & @Facebook_Metaverse_Nfts

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2023-09-21 08:52:36 BitMart Launches "Vote to Earn NFT Round Two" with Exclusive Pre-Sale and Marketplace Release

BitMart, the global cryptocurrency exchange, is thrilled to announce the exciting launch of its "Vote to Earn II" NFT. After the remarkable success of its inaugural Vote to Earn NFT, BitMart is again offering its community the unique opportunity to actively vote on potential projects to be listed on BitMart and earn coveted airdrops from projects that reach the voting threshold and are successfully listed on BitMart.

In the second installment, 'Vote to Earn II' NFT holders are empowered to exercise their voting rights, influencing the listing of projects in the forthcoming season on BitMart. This unique opportunity not only grants NFT holders a voice in determining the tokens available on the platform but also offers them exclusive access to project tokens or stablecoin airdrops for their active participation. In a world increasingly fascinated by non-fungible tokens, BitMart is leading the charge in democratizing the exchange’s offerings through NFT ownership. With Vote to Earn II, BitMart continues its commitment to empowering its users to further shape the ecosystem and support project they believe in.

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2023-09-19 14:29:08 Krafton enters NFT-integrated metaverse gaming landscape

Krafton, which is a colossus in the field of iGaming in South Korea, is entering the NFT-incorporated iGaming sector with its own game, Overdare. Initially, the game was named Project Migaloo, and plans are afoot to introduce the game towards the end of the year. The entirety of the delivery will occur between January and July of 2024. Most notably, Krafton has unveiled Settlus, a blockchain technology built particularly for Overdare. The platform is often compared to Roblox and will get boosted by Epic Games’ Unreal Engine 5. Krafton is known for its achievement, PUBG.

Overdare is established to provide developers with generative AI tools. This will help form various game groups, from sharpshooting to delicate role-playing content. Over and above that, Overdare will render service to the social space, allowing users the option of putting together avatars and carrying out replicated interactions. An initial preview exposes a spread-out virtual universe. In this, players will have the chance to utilize AI tools for creating complex games. Krafton initiated the project in partnership with Naver Z, a company specializing in augmented reality technology. As of the present equity stake, Krafton holds a majority of 85 percent of Overdare’s shares. Naver Z holds the remaining 15% market share. The create-to-earn economic model of Overdare will motivate players to convert virtual in-game assets into non-fungible tokens (NFTs).

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2023-09-18 23:32:07 Solana's 1 NFT Marketplace Beats Whole NFT Industry on Ethereum

Solana's leading NFT marketplace is making waves, boasting nearly as many daily traders as all Ethereum-based NFT platforms combined. This is not just a fluke; it is a testament to the unique synergy between Solana's user-friendly, cost-effective blockchain and the ever-popular world of NFTs.Why is this a big deal? Solana's blockchain is not just fast; it is also incredibly accessible. Combine that with NFTs, which have a universal appeal, and you've got a recipe for mass adoption. While Ethereum's NFT marketplaces are still performing.

Now, let's talk numbers. Solana's current total value locked (TVL) stands at approximately $306.8 million, according to DefiLlama. This robust DeFi landscape adds another layer of allure to Solana's NFT marketplace, making it a one-stop-shop for all things crypto.As for Solana's price performance, the latest data shows that one SOL is valued at around $18. While this might not be its all-time high, the coin has shown resilience and potential for growth, especially considering the anti-FUD measures Solana influencers are taking in order to battle the effect of the upcoming FTX liquidation. the sheer volume of activity on Solana's top NFT platform should make anyone sit up and take notice.

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