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2022-05-24 08:54:02 MENA’s first metaverse EA Sports tournament to kick-off in Qatar

The first-of-its-kind metaverse championships bags a total prize of 182,000 QAR for four skilled EA Sports winners.Qatar’s much-awaited EA Sports FIFA22 Champions Cup is drawing open the curtains on a new era in eSports, with the event being broadcasted entirely in the metaverse.

The first-of-its-kind tournment in the region will take place on May May 24, 25, and 28 at Aspire Ladies Sports Hall in Doha in front of e-Sports enthusiasts who will get the chance to see prominent gamers compete for the title.Major FIFA and Qatari influencers will also attend the tournment, in addition to a plethora of entertainment and activities to ensure an unforgettable night. Gates will open at 5.30pm.Ooredoo Nation – Gamers’ Land, the company’s own eSports brand, will also offer a selection of exclusive non-fungible tokens (NFTs).

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2022-05-23 14:25:01 Sony Announces Metaverse Push in Latest Annual Corporate Strategy Meeting

Sony, the global electronics giant, has announced it will take a more focused approach when it comes to metaverse experiences as part of its entertainment strategy. The company that owns the Playstation brand revealed that prior investments in Epic, makers of the Fortnite game, and Bungie, another gaming studio, are part of this new push.

Gaming and entertainment brands are now trying to integrate metaverse experiences to entice more users to enter their ecosystems. Sony, one of the most influential companies when it comes to entertainment and gaming, has announced its interest in including more metaverse-inspired experiences to attract customers.

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2022-05-22 15:54:02 Amazon Exec LOLs at Zuckerberg's Make-Believe Metaverse

Amazon’s head of devices took a swipe at Meta on Thursday, saying the company is working on enhancing a virtual world that will entice people to neglect the real world.Whatever that means, it’s not really helping sell Zuckerberg’s virtual world fantasy for now, but maybe when the company gets a better grasp on what they want the Metaverse to be.

You don’t kick a horse while it’s down, but people from the tech industry keep dunking on Mark Zuckerberg’s Metaverse as his company bleeds money, and its stock continue to plummet.Meta, the company formerly known as Facebook, has invested over $10 billion in the elusive Metaverse as its shares fell this year, by 26% the year. No one really understands what the Metaverse is despite Zuckerberg’s best efforts to sell people on it being their future.

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2022-05-21 17:37:02 Cardano NFT Sales Reached $27 Million in April

Cardano NFT sales touched $27 million in April, as shared by a Twitter user. According to opencnft, which shares the latest data from the Cardano NFT market, 182,411 assets have been sold in the last 30 days, with the chilledkongs collection holding an 11.58% share by volume.

Recent statistics from IOHK indicate that 4.7 million native tokens have been issued on Cardano. Also, 937 projects are being built on Cardano while the total number of NFT projects is increasing to 5,549. The rise in the number of minted pieces of non-fungible art and projects is linked to the Cardano network's growth.

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2022-05-20 17:17:02 A Win for Solana NFTs as Not Okay Bears Delisted by OpenSea

Solana NFT derivative collection the ‘Not Okay Bears’ has been removed from OpenSea marketplace, after complaints from Okay Bears collectors.Okay Bears quickly rose to become one of the best Solana NFT projects since the minting of the 10,000 Okay Bear NFTs on April 26th.

The initial mint price was 1.5 SOL ($75) which rose to a floor price today of 207 SOL ($10,000) on OpenSea NFT marketplace.Then this week on May 16th a knockoff version or ‘derivative’ project calling itself the Not Okay Bears was minted, an Ethereum NFT collection.That clone NFT collection was met with criticism from fans of Okay Bears NFTs, but some more neutral collectors and those who found it funny, or just prefer ETH over Solana NFTs began to buy and trade the copycat collection.

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2022-05-19 18:02:02 NFT prices take a gut punch as the crypto bear market deepens

Without fail, crypto has a way of humbling even the most self-assured and this market is definitely not for the faint of heart. Nonfungible token (NFT) investors have entered what appears to be a bear market and the recent chaos is also impacting community morale.

The decline in NFT prices occurred as the United States Federal Reserve raised interest rates, Terra’s LUNA and UST-based platforms collapsed and traders came to terms with the reality that the entire sector could be in a bear market.Things aren’t as bad as they were in 2018, but the NFT market isn’t as seasoned. Despite this, investors are already strapping up for potential future profits and ways to survive the current market downturn.

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2022-05-18 16:09:02 NASA Offers $70,000 For The Best Martian Metaverse Design

If you’re a programmer and would love to dip your fingers into creating a Martian metaverse, then NASA wants you.What’s up with the new challenge? NASA is currently on the lookout for ambitious and innovative programmers who can come up with the best design of the epic Martian Metaverse for a hefty prize of $70,000.

Elon Musk believes a Mars coin will be minted – and NASA now wants to create this Martian Metaverse. Everything seems to revolve nowadays around Mars.The MarsXR challenge is an initiative founded by the US space agency in partnership with Buendea and Epic Games.The challenge is geared towards game and app developers who want to contribute in creating immersive experiences around the Martian metaverse with the integration of virtual reality (XR).

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2022-05-17 17:54:02 Morgan Stanley warns about NFTs after Terra fiasco

A report, issued last week, noted that the steep declines of Bitcoin, Ethereum and other tokens was not tied to the decline in equity markets. Instead, wrote crypto analyst Sheena Shah, the higher prices were due to investor “speculation, with limited real user demand,” Coinbase reported.

That speculation, the note continues, isn’t limited to cryptocurrencies. Both NFTs and digital real estate in the metaverse have been just as vulnerable to speculation. And that raises concerns for both.Shah notes that many people bought NFTs with the expectation that they could sell them for a higher price to another buyer. And, with a few exceptions, that’s simply not happening now.

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2022-05-16 12:50:01 Top Video Game Artists Adopt NFTs to Help Ukraine, Collection to Release on Official MetaHistory Museum

Since the outbroke of the Russian-Ukrainian war, many celebrities, social activities, and visual artists joined the league of supporting Ukraine by cryptocurrency and NFT artworks. And the trend just doesn’t stop.

Now, a group of top-notch artists bring the support and devotion to a brand-new level with long-lasting impact – the avatar NFT series. The absolutely stunning visuals, the breathtakingly painful images, the suffocatingly realistic resemblance of the ongoing cruelty, and the undying power of resilience truly set these artworks apart and earn them a solid place in the contemporary NFT art world.

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2022-05-15 17:22:02 Crypto Market Downturn Leads to Steep Drop in Blue-chip Ethereum NFTs

The current cryptocurrency downtrend has prices plunging across the board — and with the value of crypto falling, so have NFTs in dollar terms been declining over the past few weeks. Ethereum (ETH), the leader of the NFT market, is trading around $2,000 at the time of publication, down from $2,800 a week ago. Terra’s stablecoin, TerraUSD (UST), and its native token, LUNA, collapsed in recent days, losing more than 99%.

While UST de-pegged from its one-to-one tandem with the US dollar and is trading at $0.13, LUNA hovered around $0.0000914 Friday afternoon.NFTs built on Terra, meanwhile, marked record levels of trading activity on May 11 that have since declined.Blue-chip projects, such as Bored Ape Yacht Club (BAYC) and CryptoPunks, have been no exception. Trading of Bored Ape Yacht Club collectibles on OpenSea fell to its lowest point in the past month, down 63% on May 12 over a seven-day period.

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