🌐Metaverse Nfts Web3🌐

2023-12-08 19:52:28 NFL Rivals breaks $2 million in NFT trading volume

Three months on from breaking the $1 million barrier, Mythical Games’ mobile title NFL Rivals has broken $2 million in terms of NFT trading volume. One significant aspect of the news has been the rise in wallets that own the game’s NFTs. The total for the first million dollars was 35,710 wallets, whereas the $2 million total has seen this expand this to 127,490 wallets (up 257%). Of course, this is a measure of how many wallets have acquired NFTs – in this case official NFL players .

The other aspect of NFL Rivals is people buying the NFTs, either via the game app itself or on the web-based Mythical Market. Back in September, there were 4,613 wallets buying NFTs and 2,922 wallets selling NFTs. This has now risen to 16,676 (up 262%), with selling wallets now at 9,694 (up 232%). One significant aspect of the news has been the rise in wallets that own the game’s NFTs. The total for the first million dollars was 35,710 wallets, whereas the $2 million total has seen this expand this to 127,490 wallets (up 257%). Of course, this is a measure of how many wallets have acquired NFTs – in this case official NFL players – either via gameplay rewards or via IAPs.

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2023-12-07 13:05:44 Ethereum NFT Creators Scramble to Secure Projects From Thirdweb Vulnerability

Some creators of Ethereum NFT projects are scrambling to secure their collections after Thirdweb, a prominent crypto development platform, disclosed issues with its smart contracts late Monday. Thirdweb wrote that a security vulnerability in a “commonly used open-source library for Web3 smart contracts” was discovered, and that it affects pre-built contracts offered by Thirdweb among others. Smart contracts hold the code that power autonomous decentralized apps (dapps) and NFT collections.

Due to the apparent seriousness of the vulnerability, Thirdweb is not disclosing which open-source library was the root of the exploit, or details on what the issue entails. OpenZeppelin, a widely used open-source library for smart contracts, has since come out to say that the issue isn’t tied to its repository. “Based on our investigation, the issue is inherent to a problematic integration of specific patterns, and not particular to the implementations contained in the OpenZeppelin Contracts library,” it tweeted—but added that it would still “lead the effort to assess who in the community is affected and provide them with mitigation strategies.”

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2023-12-06 14:08:21 JP Morgan Looking Forward to Testing ‘Immersive Training Applications’ of Metaverse

The world of banking is gearing up to explore the use cases of up-and-coming technologies like Artificial Intelligence (AI) and the metaverse to benefit their present working conditions. JP Morgan, for instance, is excitedly looking to try out immersive training applications for new bank staff members, all through the metaverse technology. The idea was recently shared by Blair MacIntyre who serves as the Managing Director (MD) and the global head of immersive technology at the US-headquartered bank.

Speaking on MIT's Business Lab podcast, MacIntyre said that newly joining staff members could benefit from stepping into an immersive virtual ecosystem rather than having them watch videos or go through presentations, EfinancialCareers said in a report. Along with JP Morgan, Citi Bank is also running a virtual reality internship experience. This lets the trainers provide feedback in real time. As part of his vision of ushering-in an immersive era of hiring, MacIntyre wishes to bring together the technologies of Augmented Reality (AR) and Virtual Reality (VR) into the day-to-day office working like gathering for meetings.

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2023-12-05 11:53:20 BingX Sponsored NFT TAIPEI for Second Consecutive Year

BingX, a global leading cryptocurrency exchange, proudly announces its strategic sponsorship of NFT Taipei 2023, marking the second consecutive year of partnership with this prime event. NFT Taipei, organized by the Taiwan NFT Application & Development Association (NADA), unfolded from November 30 to December 03 at the enchanting Songshan Cultural & Creative Park in Taipei, Taiwan, drawing a remarkable attendance of over 100,000 enthusiasts.

NFT Taipei, distinguished as Asia's premier hub for NFT art and blockchain dialogue, hosted pivotal events such as the OneOffs Fair & Fest and the NFT Taipei International Conference. This global convergence brought together industry leaders, government representatives, creators, venture capital funds, developers, and startups from over 30 countries. OneOffs Fair & Fest unfolded under the theme "O dash O Zero Distance," offering attendees an immersive experience into the world of art. It provided insights into collection trends, brand culture, the emerging generation of collectors, and the fusion of reality and virtuality. BingX elevated this experience by curating exclusive limited-edition merchandise, adding an extra layer of allure.

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2023-12-03 16:10:35 Virtual stores are taking center stage in brands’ holiday metaverse strategies

As retailers begin to roll out their metaverse strategies for the holidays, virtual stores appear to be the format of choice for many. Earlier this month, J.Crew announced the launch of the holiday version of the metaverse store it opened over the summer in partnership with experiential commerce platform Obsess. Beauty Brand L’Occitane also opened a holiday shop in the metaverse in November, which mimics a chalet in the Provençal French Alps.

For the last three years, brands have been incorporating various metaverse experiences into their holiday marketing campaigns. Some brands have previously opted to develop virtual try-on experiences, create interactive challenges or give users the chance to co-create virtual products. This holiday season, however, more brands have been investing in ways to bring the fun of in-store shopping into the digital world by way of metaverse stores. “The moniker of metaverse isn’t the thing that’s resonating with consumers. Instead, it’s convenience and customization,” said Marcus Collins, marketing professor at The University of Michigan and author of “For The Culture.” “People want autonomy. They want agency to shop the way they want, when they want, at their own discretion.”

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2023-12-02 22:32:25 ben elliot and nagami's 3D-printed Xchair embodies metaverse aesthetics

Artist Ben Elliot delves into the speculative world of XR (Extended Reality) with his latest creation, the Xchair. Designed jointly with 3D printing group Nagami, this cutting-edge lounge chair links back to Elliot’s ongoing Metaone project at Gallery Esther Schipper, which mimicks a futuristic interior infused with metaverse aesthetics. The minimalist setup nudges visitors to test out virtual reality (VR) headsets in an environment featuring video work, a chair, a curtain artwork, and printed images pulled from the VR space.

Ben Elliot (see more here) and Nagami (and here) crafted the Xchair using recycled PETG Polymeras, offering a central piece in any home or living room. The hybrid design responds to the evolving dynamics of modern life by accommodating work, meals, and relaxation amidst the rise of digital tools and extended reality. Its ergonomic, translucent, and curvaceous form, akin to layers forming an L-shape, provides dynamic and responsive sitting, supported by a cantilevered core that functions like a spring. The tactile, evolving texture of the chair reflects a sensual surface, adaptable like skin or shells, while its elasticity allows continual shape adjustments.

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2023-12-01 16:14:38 Finland seeks to become metaverse global leader by 2035

The report, entitled ‘Metaverse Initiative by the Finnish Ecosystem: Virtual Potential into Real-World Impact’, states that Finland would like to become “a global leader in the metaverse industry”. The term ‘metaverse’ as it stands is fairly slippery. The European Commission’s strategy published in July on the topic instead used the phrase ‘virtual worlds’ – as the metaverse lexicon was deemed too closely associated with Meta (formerly Facebook).

According to the Finnish report, while there have been several definitions, today, “the term [metaverse] has been used to describe various visions of virtual worlds that are immersive and experiential, and that may integrate elements of the physical and digital worlds.” Moreover, the metaverse can remember users and their environment; some parts are “seamlessly connected to the real world”. It also mimics reality and is “by default in immersive 3D”. According to Patrick Grady, editor at policy hub Metaverse EU, Finland’s “definition for the ‘metaverse’—and not ‘virtual worlds’—helps to clarify rather than confuse key elements of new immersive technology”.

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2023-11-30 16:19:02 Bitcoin NFT marketplace Bioniq eyes lofty goal of alleviating network congestion

A new Bitcoin nonfungible token (NFT) marketplace aims to reduce network fees associated with the advent of Bitcoin Ordinals inscriptions by tapping into the Internet Computer Protocol (ICP). Developed off the back of the creation of Bitcoin Ordinals in early 2023, Bioniq operates on the ICP and taps into its native Bitcoin integration to power the trade of Bitcoin-based Ordinals inscriptions.

Speaking to Cointelegraph on the eve of the platform’s launch, Bioniq CEO and co-founder Bob Bodily said the project has been in development since February 2023. The team has built a marketplace featuring Ordinals smart contracts auctions on the ICP, a complete cross-chain wallet between Bitcoin and the ICP, as well as an inscription tool. The Bioniq team highlighted the growth in the market capitalization of BRC-20 tokens since their inception in Jan. 2023. The market cap now exceeds $3 billion, with over 42.6 million Ordinals minted to date. This has directly affected Bitcoin network congestion, leading to a spike in Bitcoin transaction fees last seen since 2021.

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2023-11-29 14:41:02 BinaryX Launches AI Chat Game ‘AI Hero’ With Limited NFT Mints

BinaryX today announced the official launch of AI Hero, an AI-based battle royale adventure game. The team initially released an Open Beta version of the game in October this year. The game combines the best elements of AI technology, Battle Royale and GameFi, offering an immersive and personalized gaming experience for players. AI Hero, players will be part of an exciting adventure, with 20 participants simultaneously entering the game and shaping the world, a feat that can only be achieved by incorporating AI.

The game has an innovative PvP element, where encounters with other players trigger intense player-versus-player events, adding an additional layer of excitement and competition to the game. The ultimate goal for players is to gather resources, craft superior gear, and outmaneuver their rivals among the 20 participants to survive and claim victory. After the launch, players will have the opportunity to mint NFT heroes to participate in a new competitive game mode and potentially receive mining rewards. The NFT heroes can be obtained by winning a normal game which grants a minting opportunity, recruiting hero NFTs with BNX, purchasing one from the open marketplace, or holding a number of BNX tokens to unlock free minting opportunities.

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2023-11-28 16:17:02 Magic Eden Launches Cross-Chain NFT and Crypto Wallet for Bitcoin, Ethereum, Solana, and Polygon

Magic Eden sees a crypto future that spans multiple blockchains—and is launching its crypto wallet browser extension in closed beta to support that aim, the firm behind the NFT marketplace announced Monday.“Up until today, for a user to really experience all the different products and features and great content that we have on every chain, they effectively have to download three wallets,” Lu said of the current challenges plaguing the wallet space that have led to user fragmentation on Magic Eden.

The marketplace’s crypto wallet is launching for the Google Chrome browser first, but a Safari browser version and mobile app are also in the works. The mobile app could come into fruition as soon as early 2024, Lu shared. The wallet will be compatible with the four blockchains that Magic Eden currently supports on its NFT marketplace: Bitcoin, Ethereum, Solana, and Ethereum scaling network Polygon. The initial Magic Eden wallet will be self-custodied, meaning users will have full control over their crypto assets and will have to keep a seed phrase. Magic Eden’s wallet promises a more user-friendly, cross-chain solution for crypto fans, allowing them to avoid bridging (transferring crypto from one chain to another) by doing cross-chain token swaps through the wallet.

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