MetaSavvy

2022-05-28 10:36:30 Animated anthology Love, Death + Robots returns with a third volume produced by Tim Miller and David Fincher. And now it is accompanied by NFTs.

9 Love, Death + Robots QR-Coded Artworks have been strewn across the digital and physical world. Each piece of special, limited edition imagery reflects Love, Death + Robots’ unique collective of visual perspectives and creative storytelling from Volume 3. Users have to look out for Love, Death + Robots QR codes to scan in order to unlock the art. Mint the art as an NFT, and voilà.

The scavenger hunt was created in partnership with Web3 studio Feature and includes nine pieces of QR-Coded digital artwork in various mediums, including billboards, videos, and episodes of the sci-fi series. Open / Comment

2022-05-26 12:47:12 Artist and writer Alice Bucknell presents a new series of talks, screenings and performances, aimed at helping us to envision the future worlds we want to inhabit.

New Worlds is an experimental series, merging magic and technology to explore the interconnected topics of sound and ritual, myth-making, non-linear storytelling, ecological futures, and more-than-human narratives.

In an ever-complexifying present, where vital reconceptions of history and speculations on the future converge, the need for critically imagining new and alternative worlds has become a vital practice.
Featuring nine artists across five events, these evening sessions will feature performances, installations and film screenings alongside conversations with the artists, moderated by Bucknell.

PROGRAMME

NEW WORLDS is available through 26 May - 21 Jul 2022 at SOMERSET HOUSE STUDIOS. Open / Comment

2022-05-25 01:39:59 MetaSavvy pinned a photo Open / Comment

2022-05-25 01:39:42 5,000 USDT Giveaway From Kishu Inu x Bybit NFT

To participate and win
all you have to do is to follow their communities and social media accounts. It's as simple as that!

Participate HERE.

Don't forget to join Bybit NFT community for more news and to check out the new, exciting NFTs on Bybit NFT Marketplace Open / Comment

2022-05-21 17:52:24 Some news in The Garden, AZUKI's brand for metaverse.

Each Azuki holder has been airdropped a token, which can be used to redeem the jacket in the coming weeks. All royalties from the secondary market trading of the Azuki Twin Tigers Jacket token will go towards supporting Stand With Asians, an AAPI-focused community fund.

The Azuki Twin Tigers Jacket is inspired by "Sukajan" jackets, an all-time classic fashion piece dating back to the 1940s that combines American & Japanese street culture. Azuki added their own twist on the jacket, creating a beautiful piece symbolizing the solidarity of the Azuki garden.

Holders of the Azuki Twin Tigers Jacket token will be able to claim the physical jacket soon. Open / Comment

2022-05-18 16:37:39 Explore the vast collection of NFTs with the first version of Coinbase NFT

Beta testers will be able to create a Coinbase NFT profile to buy and sell NFTs using any self-custody wallet!

For a limited time only, there’ll be no Coinbase transaction fees

CREATE.
COLLECT.
CONNECT.
at nft.coinbase.com Open / Comment

2022-05-18 13:13:15 Key notes from New Frontiers in Fashion and Technology dedicated to metaverse & fashion [CONTINUATION].

Some companies are using augmented
reality (AR), to enable users to alter photos and videos, and are creating digital skins to change
the appearance of a user’s avatar. For example, digital fashion start-up DressX, which sells virtual clothing that can be added to a photo and posted on social media, has partnered with brands such as H&M to launch digital collections. Meanwhile, users on online gaming platforms such as Roblox update their avatars with new skins regularly.

Furthermore, if brands choose to partner with virtual platforms, in gaming or otherwise, the top-line opportunity may be dampened by high take rates, which could reach as high as 50% commission on revenues.

Much of the frenzy about blockchain-based NFTs has been centred around digital art collectibles, which are in some cases bought and traded for inordinate sums, driving news headlines as some observers scratch their heads. The compound annual growth rate of the value of the NFT market skyrocketed 750% between 2018 and 2021, from $41 million to $24.9 billion.

But the rapid rate of growth in NFT sales
is already starting to moderate. Indeed, the daily trading volume on NFT marketplace OpenSea fell by 80% between February and March 2022.

The potential revenue generation of in-game outfits and accessories can be significant. Gucci sold a virtual version of its Dionysus bag for the equivalent of $6 on Roblox, which later led to bids of more than $4,000 per bag when resold on the secondhand market.

The long-term business opportunity for fashion brands to engage with NFTs will likely serve more pragmatic purposes by using NFTs as loyalty tokens. Gucci, Adidas and The Hundreds, among others, have used NFTs to offer benefits like early access to new NFT drops and physical products, essentially serving as a membership programme. In a sense, these NFTs are digital collectibles, since users cannot yet wear them in virtual worlds, though they could use them for social media profiles. Brands are starting to add more utility to collectible NFTs, which could make buying one more worthwhile to consumers and translate into a long-term opportunity for brands.

Business of Fashion Open / Comment

2022-05-18 13:13:15 Key notes from New Frontiers in Fashion and Technology dedicated to metaverse & fashion.

The marketing value of digital fashion and NFTs may now be clear, but fashion brands will need to separate hype from the concrete opportunities to generate sustainable revenue streams presented by growing consumer engagement with the metaverse.

Pioneers in the metaverse have shown there is a business case for fashion brands to invest in virtual worlds. Granted, a fully formed metaverse — comprising an interconnected, virtual ecosystem that overlaps with or offers an alternative to physical reality — is not yet possible given technology constraints. But brands’ experiments with metaverse principles, such as virtual fashion, extended reality, gaming and non-fungible tokens (NFTs), demonstrate the impact that virtual activities can have as marketing and community-building tools for fashion. Global spending on virtual assets reached around $110 billion in 2021 and is expected to grow at roughly the same rate as the gaming market to be worth around $135 billion or higher by 2024.

The next frontier for leading brands will be to translate unproven technologies into sustainable revenue streams, effectively separating hype from reality. Over the next two to five years, fashion brands focused on metaverse innovation and commercialisation could generate more than 5 percent of revenues by investing in virtual activities today.

Looking beyond a five-year horizon, some bullish observers expect mass consumer adoption of virtual worlds, creating the biggest opportunity for the fashion industry since e-commerce. The bears predict that the hype around the metaverse will fade as technologies fail to meet expectations or users prove reluctant to use virtual spaces as extensively as some business plans are counting on.

The pace of adoption will be driven by technological advancement, the interoperability between virtual environments and social acceptance. Tech players as well as fashion start-ups and brands need to develop technologies that help evolve today’s unrefined virtual experiences into mature, immersive realities. Mass consumer adoption could be a significant hurdle — 78% of people who have already ventured into virtual worlds say they miss physical interaction when doing so.

In virtual spaces and on social media platforms, the appetite for creating and adapting online identities is high: approximately 70% of US consumers from Gen-Z to Gen-X rate their digital identity as somewhat important or very important. A similar appetite for virtual goods can be found in China, where 70% of luxury consumers have purchased or will consider purchasing virtual assets. Open / Comment

2022-05-18 12:00:14 We just had a fantastic interview with Ukrainian multidisciplinary artist Julia Beliaeva about her almost prophetic art, first days of Russian invasion and moral dilemma for female artist when witnessing atrocities of ongoing war.

There’s a funny story. Before the war, I was proposed to make an NFT collection. It was interesting but at some point I was told that I need to consider the market and demand… I answered that I won’t draw the monkeys. It was the end of the conversation - Julia Beliaeva

FULL INTERVIEW AT COEVAL MAGAZINE
@mzm2night Open / Comment

2022-05-16 18:25:52 Collecting digital images (.jpg etc.) as NFT art actually pierces the essence of an art collection. The concept of “owning” something is in fact abstract, and as a mechanism to ensure that concept, NFT art relies on cryptocurrency, Web 3.0, and blockchain—magic words—for it to function. Physical artworks, as corporeal objects, need materials such as canvas and paint, or stone and metal, to bolster the concepts that back up their values. But it’s possible that actually such materials are not required for art to be art. That’s the most notable thing that is revealed when you start making NFT art - Takashi Murakami.

CHECK OUT THE FULL INTERVIEW ON ARTNET Open / Comment