Metaverse | Nfts | News

2023-12-12 19:17:37 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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2023-12-11 18:53:36 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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2023-12-09 19:58:33 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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2023-12-08 19:52:03 Parallel Unleashed Reinventing Sci-Fi Gaming In The NFT World

Welcome to the thrilling world of NFT gaming, where the fusion of digital asset ownership and entertainment creates a unique gaming experience. Today’s spotlight is on “Parallel,” a sci-fi trading card game that is reshaping the gaming landscape by merging advanced technology with artistic expression to offer an immersive experience. Parallel is not your average addition to the NFT gaming catalog. It’s a well-crafted digital arena set in a vast, alternate version of Earth.

Within this universe, players find themselves entangled in a compelling narrative where five factions battle for control. This world unfolds through in-game stories and regular updates, allowing players to immerse themselves in the philosophy and aesthetics of their chosen faction. The charm of Parallel lies in its gameplay, which is both strategic and innovative. It utilizes a play-to-earn model, allowing players to earn NFTs through strategic gameplay. Players engage in battles, using decks they’ve built from a collection of 40 cards, each with unique abilities. These decks are composed of units, spells, and artifacts, with faction-specific specialties adding an extra layer of strategy.

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2023-12-07 13:06:20 Multiple NFT collections at risk by flaw in open-source library

A vulnerability in an open-source library that is common across the Web3 space impacts the security of pre-built smart contracts, affecting multiple NFT collections, including Coinbase. The disclosure came earlier today from Web3 development platform Thirdweb. The announcement provides a minimum of details, which irked some users who wanted clarifications that could help them protect contracts.

Thirdweb said that it became aware of the security flaw on November 20 and pushed a remediation two days later, but did not disclose the name of the library and the type or severity of the vulnerability to prevent tipping off attackers. The company says it has contacted the maintainers of the vulnerable library and also alerted other protocols and organizations of the issue, sharing findings and mitigations. "If you used our Solidity SDK to extend our base contract or built a custom contract, we don't believe the vulnerability extends to your contract," explains Thirdweb, adding that this is not a guarantee because they "are unable to audit individual contracts."

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2023-12-06 14:08:01 Enjin Beam upscales NFT allocation options

Enjin Beam has enhanced its NFT allocation tool with the addition of an advanced Claim Conditions option. Developers will be able to provide NFT rewards for certain behaviors, such as accomplishing tasks and holding their NFTs, as a result of this. Claim conditions strengthen the user’s ability to establish the need to obtain their NFTs. This, in turn, improves the interactive exposure of giveaways while remaining in sync with the allocation of their drops with their creative objectives.

Various conditions have been introduced and tailor-made to meet every need. The first is the ENJ holdings, which is a pre-calculated quantity of ENJ that is required for proper user identification. The NFT ownership of a specific NFT can thus be established as a prerequisite, expanding the NFT’s potential. Whitelist inclusion refers to whitelisted users gaining connectivity by rewarding individuals involved in various activities. Then there is Twitter follow, in which it becomes necessary for claimants to keep track of their Twitter account to receive a drop. Geographical restrictions will be implemented soon, permitting users from designated regions to reserve claims. This will prove advantageous for those who wish to concentrate on local engagement.

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2023-12-05 11:53:57 Fortnite embraces the metaverse with 3 new ambitious games

LEGO Fortnite is described as “the ultimate survival crafting LEGO adventure,” introducing “vast, open worlds where the magic of LEGO building and Fortnite collide. Designed for people of all ages to enjoy together, the game will encourage creativity, experimentation and collaboration through play.” Rocket Racing meanwhile will be “a supersonic arcade racer where players drift, fly, and boost with friends through an ever-growing selection of tracks”.

Developed by Psyonix of Rocket League fame, this new mode offers a much more robust racing experience when compared to the standard Fortnite karting seen across the BR map. Last but certainly not least is Fortnite Festival: “a new music game where players can play in a band with friends or perform solo on stage with hit music by their favourite artists”. As with Rocket Racing, this rhythm game is developed by an Epic Games subsidiary – Harmonix – known best for creating both Guitar Hero. LEGO Fortnite will go live on the 7th of December, with Rocket Racing following closely just one day later on the 8th – and Fortnite Festival bringing up the rear on the 9th of December.

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2023-12-03 16:10:18 Aqua Gaming NFT Marketplace Closes Due to Scaling and Funding Challenges

The gaming NFT marketplace Aqua is no more, CEO Sean Ryan announced on Linkedin Friday. The plan was first shared last month, but as of today, it's official. “At Aqua, we did some things well and some things not as well, but the Web3 gaming market isn't scaling to a mass market size in a time frame that made sense,” Ryan wrote. “Therefore, it was time to call it a day and move on to other opportunities, especially for our awesome employees.”

“I'm still a firm believer in the idea that gamers will own their gaming assets, but it's going to take a bit longer [than] we had all hoped,” the CEO added. Ryan, who previously worked as a VP at Facebook, launched Aqua in 2022 and partnered with blockchain firms like Immutable and Polygon Labs. Now, after less than two years, the “player-focused” NFT gaming startup has closed its doors. In a graphic attached to the post, Ryan also shared that the startup struggled to raise funds in a broader crypto gaming market with “slower-than-expected growth.” "I'm a strong believer in the category, but sometimes one is just too early," Ryan told Decrypt's GG when reached on Friday.

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2023-12-02 22:32:44 Malta implicated in €23 million NFT fraud investigated by Italy

Italian authorities are delving into a sophisticated financial fraud involving non-fungible tokens (NFTs) and digital currencies, with 80 individuals under investigation, including 38 financial agents, in connection to the disappearance of €23 million. The fraudulent scheme, orchestrated by a Financial Technology company based in Treviso, promised clients a 10% return on investments in NFTs and crypto. Italian investigators, in collaboration with global authorities, are conducting a wide-reaching effort to recover funds, including reaching out to Malta.

NFTs, unique digital files like paintings or music bought through digital currency, were exploited in a fraudulent cycle where promised returns failed to materialize. The company’s three founders, Christian Visentin, Emanuele Giullini, and Mauro Rizzato, are now facing charges of criminal association and fraud and are suspected to have fled to Switzerland and Dubai. Last summer, when expected returns did not materialize, around 700 formal fraud reports were filed, amounting to €23 million in losses. However, the true extent of the fraud may be much larger, with an estimated 4,000 victims and approximately €300 million invested in the scheme.

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2023-12-01 16:14:06 NFT Prices Are Still Lagging Behind Ether's Gains

Crypto is inching toward bull-market territory, but non-fungible tokens (NFTs) have failed to benefit from the market euphoria. While ether (ETH) is up approximately 70% year-to-date, NFT valuations aren't following. Nansen's NFT-500 index, which measures the valuation of the top 500 NFTs, has dropped 50% year-to-date when denominated in ether and 16% in dollar terms. The Blue-Chip 10 index, which measures the valuations of the most prominent NFTs.

OpenSea, the largest NFT marketplace, hasn't fared much better. At the height of NFT mania in January 2022, the platform was clearing $387.48 million in fees every month and $120.45 million in revenue, according to data from DeFiLlama. "NFTs have survived their first market cycle and have yet to take on a new jumping point in technology to usher in more user interest, like DeFi had with Uniswap's AMM," Nick Ruck, the COO of ContentFi, a decentralized IP-focused content financial ecosystem, said in an email interview. "Many new innovations are still being built to increase the use cases of NFTs, but it's also partly due to the fact that NFT prices are generally negatively correlated with the USD price of ether."

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