https://t.me/Metaverse_Web3_GameFi

2022-08-23 10:51:02 Invesco Offers Investors Exposure to Metaverse

Asset management giant Invesco has launched a metaverse fund as it sees a particularly large opportunity in companies developing the infrastructure required for the space to reach its true potential. The actively managed fund will invest in companies of all sizes across the US, Asia and Europe and will be available to investors in 14 European countries.

Tony Roberts and James McDermottroe, members of Invesco’s UK-based Asia and emerging markets equities team, will co-manage the fund, the firm revealed Monday. The fund focuses on seven areas, one of which is blockchain. It also is set to invest in devices that offer access to the metaverse, tools allowing interoperability and services that will facilitate the digitization of the real economy. The fund group partnered with Elwood Asset Management in March 2019 to launch a blockchain ETF on the London Stock Exchange.

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2022-08-22 14:37:02 Buyer Faces $3M Loss In Squiggle NFT Bet Amid Crypto Meltdown

The latest market analysis confirms that an anonymous trader who bought a pair of Chromie Squiggle non-fungible tokens (NFT) last year for a staggering $4 million now attract more than a $3.9 million loss amid the continuing general crypto meltdown. On September 07, 2021, Christie’s, a British auction house, announced that an anonymous buyer had bought two Chromie Squiggle NFTs.

At the time, the anonymous buyers snapped up Chromie Squiggle #7583, a rare and perfect spectrum at 922.5 ETH, and a follow-up purchase of Chromie Squiggle #2855 for 420 ETH. Before ending the spending spree, the buyer grabbed Ringer #787 for 275 ETH. These purchases attracted the attention of the winder NFT community, with many speculating the buyer was a Venture Company or an institution as the estimated wallet was worth more than $25milion and featured an array of highly sought-after pieces.

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2022-08-21 14:46:02 Hell’s Kitchen to Make Debut in The Sandbox

Gordon Ramsay is among the most influential and celebrated chefs across that globe. Many people know him from the TV series titled Kitchen Nightmares where he helps the falling food businesses to get back on the track. In the recent news, his reality cookery show Hell’s Kitchen has joined forces with The Sandbox game.

Hell’s Kitchen features teams of chefs guiding the participants in a cooking competition to claim the top honor on show. There’s no official date as to when it will mark its debut in the metaverse, but is anticipated to enter this realm soon. The Sandbox will feature the latest entry on ITV LAND. This initiative is an effort for promoting the show by the celebrity chef. Users can earn rewards like Gordon Ramsay avatars in the form of non-fungible tokens.

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2022-08-20 18:09:02 MTV introduces the 'Best Metaverse Performance' award category

The 2022 MTV Video Music Awards (VMAs) added a new category to its list of competition categories. This year, artists are eligible to compete under the category of “Best Metaverse Performance” for a coveted award. Initially, the award show began in 1984 as an esteemed recognition for music video prowess. Major music artists, including Madonna, Nirvana and Kanye West, are among previous VMA recipients.

Typical award categories include, “Video of the Year,” “Artist of the Year” and “Song of the Year,” though this year, there is a Web3 twist. The VMAs took into account performances in the Metaverse and created a brand new award category. In its inaugural year, six artists are up for nomination. This includes "the Rift Tour," featuring Ariana Grande (Fortnite), Blackpink's "The Virtual" (PUBG Mobile), BTS (YouTube), Charli XCX (Roblox), "Justin Bieber — An Interactive Virtual Experience".

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2022-08-19 11:16:02 ApeCoin DAO gets third offer of free NFT marketplace

Non-fungible token (NFT) marketplace Rarible published a proposal to create a bespoke NFT marketplace for the ApeCoin DAO on Wednesday, the latest in a string of offers. Rarible said its marketplace will charge no fees and require no investment by the DAO.

This marks the third proposal to build an NFT marketplace that the ApeCoin DAO, the governance mechanism for the ApeCoin ($APE) token, has received recently. Magic Eden last week made a similar proposal for a marketplace with low transaction fees, also at no cost to the DAO. A third contender, startup Snag Solution, also submitted a proposal hours after the publication of Magic Eden's. Although the DAO is populated by holders of Yuga's NFTs, which includes the Bored Ape Yacht Club, it is not controlled by it.

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2022-08-18 17:38:02 Revolutionary Metaverse Launch from UFO Gaming

UFO Gaming, the pioneering blockchain gaming platform, unveiled its long-awaited Metaverse with thousands of visitors in attendance. While many companies are building Metaverses following Facebook's rebrand to Meta, UFO Gaming was among the early pioneers that announced audacious plans on building.

UFO Gaming is the first initiative to establish a unique multichain Metaverse with concrete advantages for gamers, providing them with digital assets such as NFTs in the form of in-game items, virtual land, and monetary value. $UFO holders may take advantage of a variety of perks, including dividends and community participation. During the launch, UFO Gaming orchestrated an Easter Egg Hunt, Team AMA, Streamer Takeover, and Staking dApp Launch, all within their Metaverse event allowing their community to play and win prizes.

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2022-08-17 15:37:02 Justin Bieber, Paris Hilton among 19 celebs called out for shilling NFTs

Consumer watchdog group Truth in Advertising says celebrities promoting nonfungible tokens on their social media channels is an area “rife with deception.”.Consumer watchdog group Truth in Advertising (TINA.org) has called out 19 celebrities for allegedly promoting nonfungible tokens (NFTs) without disclosing their connection to the projects.

The not-for-profit consumer advocacy organization said on their website they investigated “celebrities who promote non-fungible tokens (NFTs) on their social media channels,” finding that “it is an area rife with deception.”. Among the star-studded list are sports stars Floyd Mayweather and Tom Brady, music icons Eminem and Snoop Dog and several actresses including Gwyneth Paltrow all of whom have been sent letters urging them to immediately disclose any material connections they have to NFT companies or brands they have promoted.

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2022-08-16 11:27:02 An NFT marketplace set 0% royalties, sparking concerns about the future of artist compensation

Sudoswap, a decentralized marketplace for non-fungible tokens (NFTs), sparked controversy with its automated market maker (AMM), with chatter about the potential consequences of its fee structure reaching fever pitch over the weekend. The AMM allows people to buy and sell on any market automatically without individuals having to wait for interested buyers or sellers.

Sudoswap’s removal of artist royalties made sense to some who support economic leanness above all else, while others felt this could set a race to the bottom, where artists can lose a valuable source of income. Despite their prevalence in music and publishing industries, royalties are not a set fixture within the NFT space. They’re a “social concept,” The Block researcher Eden Au said, that are not enforced at a smart contract level. Thus, NFT royalties must be enforced on a marketplace level.

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2022-08-15 17:18:02 Encryptus partners with Azari Records to explore the NFT ecosystem

Encryptus, a licensed platform for institutional crypto assets, has now collaborated with a record label Azadi Records. The firm announced the development on its official handle. Encryptus will harness the partnership to explore the NFT ecosystem and develop innovative use cases.

Encryptus, with this development, joins the growing list of institutional firms investing heavily in cryptos and NFT. According to reports, the firm has enjoyed increased trading volume despite the prevailing market conditions. Encryptus is moving to explore the crypto world further by collaborating with industry actors and adding crypto assets to the balance sheets. The CEO reacted to Encryptus’ partnership with Azadi Records.

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2022-08-14 16:38:02 Rolling Loud announces LoudPunx NFT program

Rolling Loud‘s exquisite taste and appetite for innovation helped the brand create the world’s biggest hip-hop festival in just a few short years. Today, Rolling Loud keeps an eye firmly focused on the future, announcing LoudPunx, a new Rolling Loud NFT program with unprecedented utility.

Named after the “Punx” figures that populate the grounds at each Rolling Loud festival, “LoudPunx” is a collection of 10,000 NFTs that provide holders free entry into every Rolling Loud festival across the globe–for life. “LoudPunx” holders also receive many other benefits, including a generative PFP image, and preferred access to Rolling Loud’s future Metaverse and Web3 endeavors. LoudPunx is a collection of 10,000 utility enabled NFTs.

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