Metaverse | DeFi | Nfts | Trading

2023-10-17 14:13:40 Korean telecom giant launches digital currency for its metaverse

To boost users’ activity, SK Telecom has launched a digital currency for virtual purchases in its metaverse dubbed Ifland. One of the largest telecommunication companies in South Korea is taking another step towards the adoption of metaverse technologies. SK Telecom, a Korean telecom provider with over 30 million customers, announced in a press release on Monday, Oct. 16, 2023, the launch of an economic system to its metaverse platform Ifland, with a new virtual currency named “Stone.”

According to the Seoul-headquartered company, the digital currency can be used to purchase virtual items with “high collectible values” and to sponsor hosts of events or meetups. With the launch of Stones, SK Telecom wants to bring in more users as influencers can now generate profit by receiving donations from subscribers. In addition to Stones, SK Telecom launched virtual items linked to non-fungible tokens (NFTs) through TopPort, an NFT marketplace powered by SK Telecom. The items can be used for avatar customizations (e.g., special costumes, hair accessories) or other in-metaverse activities.

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2023-10-16 01:45:11 Reddam House Embraces Innovative Learning with VR and the Metaverse

Reddam House Helderfontein and Waterfall, part of the Inspired Education Group, have wholeheartedly embraced the realm of virtual reality (VR) and metaverse-based learning within their classrooms. Following a triumphant initial trial across five international schools, the metaverse-based learning program is now in the process of implementation in 17 other Reddam schools worldwide. The convergence of VR and the metaverse materializes as a catalyst for enriched and more efficacious learning undertakings.

Reddam House Helderfontein and Waterfall, students have seamlessly integrated VR headsets and the metaverse into their academic routines, thereby embarking on scientific experiments, embarking on virtual journeys to iconic landmarks, and peering into the intricate inner mechanisms of volcanoes. By skillfully intertwining VR and metaverse tools into the curriculum, these schools have ingeniously fostered immersive and interactive learning domains, which not only captivate the imagination of their students but also present diverse subjects in a profoundly innovative light. This pedagogical paradigm, deeply attuned to varying learning styles, provides a promising glimpse into the vistas of education in the digital epoch.

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2023-10-14 21:16:41 China Daily to Launch NFT and Metaverse Platform

China Daily, the prominent English-language newspaper steered by the Publicity Department of the Chinese Communist Party, announced the launch of its own metaverse and NFT platform. According to the announcement and Tender Offer invitation, China Daily is awarding approximately $390,000 (2.813 Chinese yuan) to a third-party contractor (either a Chinese or foreign firm that specializes in blockchain) that can develop the Zhongbao Shuzang NFT issuance platform within three months.

After both parties confirm the form of the digital collection, a single digital collection must be developed and launched for online distribution and promotion within one month. In addition, the mainnet of the blockchain firm that wins the contract must be capable of handling upwards of 10,000 transactions per second. China Daily emphasized four crucial elements underlying its metaverse project, described as the cornerstone of its broader initiative. This new venture will focus on refreshing both domestic and international NFT digital assets, with each NFT undergoing a one-month development phase before its online release. Concurrently, AR/VR creations are slated for promotion within two months. Furthermore, the newspaper has outlined a two-month window for finalizing the development and layout of its unique metaverse space.

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2023-10-13 09:06:43 Ferrari Lead Designer Unveils Heartfelt NFT Tribute

Alessandro Fiori, the Lead Designer at Ferrari, is set to release an NFT on Oct. 11. His piece will drop exclusively with Exchange.art, a fine art platform on Solana that now also supports Ethereum transactions. Fiori releases his digital art under the name “Mr. Uramaki.” The piece, named “After All This Time,” pays homage to a dearly departed person in his life. From an early age, Alessandro embraced the arts despite his family wanting him to pursue a career in medicine. After high school, Fiori moved cities to study Industrial Design with an automotive specialization.

After college, Alessandro prioritized his career, sidelining his genuine love for art and design, his true form of self-expression. Yet, a unique first date with a special woman reignited this passion when he drew a sentimental sketch for her on a placemat—a gesture she cherished. Their bond grew, and for three years, every meal they had together became an opportunity for Alessandro to craft a new artwork, be it on a napkin or a scrap of paper. Sadly, she passed away in 2018, leading him to put away his art tools. To honor their anniversary and her fondness for New York City, Alessandro planned an exhibition showcasing the drawings he had given her. He now believes that Web3 offers the perfect platform to bring this touching tribute to life.

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2023-10-12 09:07:04 Cristiano Ronaldo and Binance Unveil CR7 ForeverZone NFT Collection

The essence of this venture is to bring fans closer to Ronaldo in the Web3 space. Each mystery box contains an exclusive NFT influenced by Ronaldo’s illustrious football career. Moreover, the collection boasts of 50 autographed footballs and jerseys. Additionally, there’s an exciting inclusion of 50 tickets to the anticipated Binance Blockchain Week. Notably, special NFTs reflect previous Ronaldo collaborations. Each set features a golden ticket NFT, offering fans a once-in-a-lifetime opportunity to train personally with Ronaldo.

Ronaldo’s journey in the NFT space began after initiating a relationship with Binance last summer. He introduced his “CR7” NFT collection, showcasing seven animated sculptures across various rarity tiers. To offer fans unparalleled experiences on the Binance NFT platform. Additionally, he unveiled a second collection named “Forever CR7: The GOAT” later in the year. This collection celebrates digital renditions of some of his iconic goals. Through the Binance partnership, he believes he has found a way to establish this profound connection and share a part of his legacy. Binance’s Chief Marketing Officer, Rachel Conlan, highlighted Ronaldo’s innovative approach in sports and beyond.

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2023-10-10 13:02:21 Steven Soderbergh-Backed, NFT-Funded Film Lands Global Sales Deal

“The Quiet Maid,” an upcoming feature film funded by the sale of NFTs, has secured a global sales deal. The film, a social satire formerly titled “Calladita” from the Spanish filmmaker Miguel Faus, sold its world sales rights to the Ibero-American entertainment firm FilmSharks out of Iberseries, the industry conference held this week in Madrid. Deadline first reported the deal. It is based off a short film made by Faus, which was picked up by streaming service Max after a stint last year on the festival circuit.

Faus soon after leveraged the 15-minute film to sell NFT passes, in the aim of raising funds for a feature-length version of the same story. The NFTs were a success, raising a $750,000 production budget; they offered holders behind-the-scenes access to the film’s production as well as control, via a decentralized autonomous organization (DAO), over a portion of the film’s eventual proceeds. In January, “Ocean’s Eleven” director Steven Soderbergh awarded Faus $100,000 to finish the film, from an on-chain fund established with Decentralized Pictures and designed to assist promising filmmakers open to non-traditional film financing methods.

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2023-10-09 08:54:05 NFT creator wins multimillion-dollar lawsuit, paving ways for other artists to 'stand up for themselves'

Reaching millions of audiences using his artist name Coolman Coffeedan, Casale’s work revolves around a wholesome idea that he personally believes in. “You know, messaging around how everything's gonna be okay, how you are loved, you are special, you're not nearly as ugly as you may think you are,” he told ABC News. His art has also been featured in prominent exhibitions around the world including K11 Shanghai and Art Basels Hong Kong and Miami Beach, among others.

To date, Casale has accumulated hundreds of millions of views on his YouTube channel and over 6 million followers on Instagram and TikTok combined. He also published a book in 2021, called, "Ur Special: Advice for Humans from Coolman Coffeedan." Although achieving such success in life sometimes could come at a cost and in Casale’s circumstance, it almost robbed him of his career and identity as an artist. The NFT creator told ABC News, in March 2022, he learned a multimillion lawsuit was filed against him by DigiArt LLC, a platform which was co-founded by Robert Earl, a billionaire who is also the founder and CEO of Planet Hollywood. "The only issue is the contract that they were putting out there that was signed, countersign dated, never was, never existed," Casale told ABC News.

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2023-10-08 15:43:03 Metaverse Market worth $1,303 billion by 2030

CHICAGO, Oct. 6, 2023 /PRNewswire/ -- The future of the metaverse will be characterised by the widespread use of VR and AR technologies, convergence with AI, blockchain, and IoT, a wide range of applications outside of gaming, digital economies with NFTs, privacy and security challenges, the need for interoperability, regulatory considerations, and significant societal and cultural effects. The metaverse's exact shape and effects, though, are still up for debate, and it will take a while for it to mature.

The global Metaverse Market is expected to grow from USD 83.9 billion in 2023 to USD 1,303.4 billion by 2030 at a Compound Annual Growth Rate (CAGR) of 48.0% during the forecast period, according to a new report by MarketsandMarkets . The metaverse market is expanding, and vendors are adopting a strategic focus to attract customers. VR hardware, including headsets, controllers, and tracking systems, has improved dramatically in terms of quality, affordability, and accessibility, making VR more attractive to a broader audience. VR has found applications in training and education across various industries. From medical simulations to flight and job training, VR provides a safe and effective way to learn and practice in realistic scenarios. These services are increasing the demand for the metaverse market.

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2023-10-07 12:21:07 Versum NFT Platform Announces Shutdown

Versum, the NFT platform used by many artists, collectors, and Tezos NFT enthusiasts, has announced its decision to discontinue services and shut down its platform over the next few months. While the company didn’t cite a specific reason, the founders of Versum took to their official social media channels to express deep gratitude for the unwavering support and sheer enthusiasm that its community has provided over the years. The bond, as they put it, has been nothing short of heartwarming.

While the decision comes as a blow to many, the founders remain optimistic about the enduring spirit of the Versum community, hopeful that its essence will reincarnate in other innovative platforms and ventures. To ensure a seamless transition and allow users ample time to wrap up their affairs on the platform, Versum has delineated a phased shutdown process: Starting October 20th, minting on the ITEMs contract will be discontinued. By November 1st, the creation of new market listings will come to a halt. This will be followed by the freezing of the marketplace contract on November 14th, where users will only have the ability to cancel their listings. Finally, on December 1st, the Versum website will officially cease all operations.

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2023-10-06 09:32:04 Starbucks Celebrates 20 Years of Pumpkin Spice Latte with NFT Collectibles

Autumn is on its way, and for many coffee drinkers, 'tis the Pumpkin Spice Latte season. Starbucks' popular beverage is turning 20, and to celebrate the occasion, the American coffee shop chain announced special non-fungible token (NFT) collectibles. Starbucks Odyssey, the coffee giant's Web3 rewards and loyalty platform, will today release Pumpkin Spice Latte digital stamps, exclusively for its members. Nonmembers can join the Starbucks Odyssey waitlist.

Each NFT from "The PSL Collection: Spiced Stamp" will cost $20. Payment options include ETH, Nifty Gateway balance, Gemini balance, credit card, and buy now pay later. Four types of NFTs will be available, each representing a type of "fall’s most iconic drink": Spiced, Iced, Steamed, and Whipped. Each member can purchase up to 4 Stamps from the collection, according to the description on the NFT marketplace Nifty Gateway. Starbucks' NFTs are minted on Ethereum scaling network Polygon and sold on Nifty Gateway. The company announced its blockchain-facilitated loyalty program, Starbucks Odyssey, last year. It launched the platform in a closed beta version in December.

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