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South Korean telecoms giant LGU+ expands further into NFT Space

According to Money Today and Chosun Ilbo, the firm, which is a unit of the LG conglomerate, will issue a new collection featuring its Moono octopus-like animated character. The collection is inspired by the success of the firm’s debut collection, which sold out in just 2 seconds after it was released on OpenSea, via the Kakao-founded Klaytn blockchain in May.

LGU+ stated that the upcoming collection would be much larger than the first. 1,000 NFTs will be issued. The collection will feature Moono office workers and their “changing emotions” over the course of the working week. The firm also revealed that all the KLAY tokens it receives from the sale would be donated to charity. It intends to withhold 100 of the new NFTs for “marketing purposes,” while the remaining 900 collectibles will be up for public acquisition during two sales to be held on September 5.

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OpenSea Trading Volume Down 99% From All-Time High

Think the cryptocurrency market has it rough? Take a look at what happened to non-fungible tokens – aka NFTs. Data from DappRadar shows that trading volume at OpenSea – the world’s largest NFT marketplace – has fallen by 99% in less than four months. While the company contested the figure to some degree, it admitted that the substantial slowdown in activity is both real and expected.

According to DappRadar’s statistics page, the daily trading volume of ETH at OpenSea peaked above $400 million on May 1st. By comparison, the platform only generated $5 million in ETH volume on August 28th. In an email to Fortune, OpenSea noted that the figure is a bit exaggerated, as it compares a day of unusually high volume to a day of some of the platform’s lowest volume. It also said that measuring volume in ETH, rather than dollars, was preferable to eliminate ETH’s price volatility from the equation.

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Bored Ape Yacht Club (BAYC) Flips CryptoPunks in NFT All-Time Sales Ranking

Bored Ape Yacht Club has seen its sales outperform competitor projects such as Mutant Ape Yacht Club (MAYC), Art Blocks, Otherdeed, NBA Top Shot, Azuki, CloneX, VeeFriends, and Moonbirds. More importantly, BAYC’s $2.4 billion in sales volume has exceeded one of the most successful digital collectibles projects, CryptoPunks.

Launched in April 2021, Bored Ape Yacht Club is comprised of 10,000 unique NFT digital collectible ape avatars. Like most NFTs, the project struggled in its first month generating just $37,557 in sales. There were 141 unique buyers and 176 total transactions. The average sale value was $213.39 — far below the cost of 1 ETH. Bored Ape NFT sales benefitted massively from the huge liquidity that was poured into the market and volume reached approximately $17 million.

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ORIGIN Metaverse Announces Partnership with Latin American Inventory Group Vreal.mx

Headquartered in Querétaro Mexico, Vreal.mx, formerly known as Virket Real Estate, boasts a portfolio of over $500 million dollars in luxury real-estate in Latin America. With a team of experts in digital marketing along with dedicated real estate agents.

Vreal.mx as a Spinoff Virket has also won top multinational awards in marketing technology and innovation and are a leading partner for Google and Facebook. By providing a singular virtual real estate marketplace for users to buy, sell, and rent metaverse land as well as transact conventional real estate as NFTs safely and securely, Vreal.mx will lead the Latin American market using ORIGIN's simplified platform while making digital real estate accessible to everyone, fulfilling their goal of mass adoption with Latin America as a first step.

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A key leader for Meta’s metaverse software is leaving the company

The vice president of Meta’s Horizon social media virtual reality software, Vivek Sharma, is leaving the company, a spokesperson said Friday. Sharma has been with Facebook parent Meta for the past six years, holding high-ranking positions in marketplace and gaming, and most recently its nascent metaverse-related business unit.

As VP of Horizon, Sharma, who is based in the Seattle area, oversaw various VR projects such as the Horizon Worlds social media service, which is akin to the online game Second Life that’s been retrofitted to virtual reality. Other Horizon products include the VR-based workplace collaboration app Horizon Workrooms, and the Horizon Venues app for live events, which was moved into the core Worlds app this summer. The spokesperson added that the Horizon team will now directly report to Vishal Shah, Meta’s VP of the Metaverse.

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Crowds flock to Thailand Metaverse Expo 2022 for glimpse of the future

Thailand Metaverse Expo 2022 (TME) has successfully helped drive Thailand into the Web3 era. More than 50 CEOs of leading companies and gurus of the industry unveiled their visions and the event offered new business opportunities to many of the 4,000 attendees. The three-day event was held for the first time in Thailand.

Throughout the three-day event, more than 30 companies and startups from the metaverse and related industries joined the booths. Three stages showcased fresh ideas to illustrate the state-of-the-art power of the new virtual world that will seamlessly connect with the physical world. The Nation, under Nation Group, joined forces with partners “Block Mountain”, one of the largest blockchain and digital asset exhibitions in Thailand, and Metaverse XR, a metaverse tech startup, to organise this landmark event in Thailand and open it to the public for free.

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Azuki NFT The Anime Avatar Project Killed by Its Founder

Despite hundreds, possibly thousands of NFT projects launching since the NFT avatar scene exploded in early 2021, not too many went from zero to hero, and even fewer circled all the way back. Azuki’s story is one of those: one of reaching the absolute heights of hype and falling to relative mediocrity.

Launched in January 2022 by four anonymous founders, Azuki was one of the few avatar NFT collections that everyone believed had done everything right. The execution on Chiru Labs’ part, the startup behind Azuki, was so good that many quickly became convinced the project could turn out to be “the next Bored Ape Yacht Club”—then and still the most prized NFT collection in the nascent industry. Christian Williams, the Editor-in-Chief at Crypto Briefing, wrote a column in April praising the collection.

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Battle Infinity To Be Listed On LBANK - The 18th Largest Exchange With A 24-Hr Trading Volume Of More Than $1 Billion!

Get Ready To Fill Your Bags With $IBAT On LBank Exchange On 26th August 2022 At 12:00 PM UTC. Become A Holder Of A Token That Sold Out Its Pre-Sale 65 Days Early And Raised 16500 BNB, And Is Expected To Continue Rocketing!

$IBAT Has Seen Massive Gains Of 400% From Presale Price Even In The Middle Of The 2022 Bear Market! So Buy Now!

TOKEN INFO:
Deposit starts: 25th Aug 8pm UTC+8 /12pm UTC
Withdrawal starts:27th Aug 8pm UTC+8/12pm UTC
Current Price -$0.0058
Trading Pair: IBAT/BNB
New metaverse platform with play-to-earn (P2E) mechanics.
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Presale sold out 66 days early, raising over $5 million.
$IBAT is also liquidity locked (1-year Lockup)
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boAT hosts metaverse concert ‘FloAtverse

boAT has hosted a K-pop metaverse concert ‘FloAtverse’ concert on Loka, a gamified replica of the actual Connaught place in a virtual world, the company informed. The company stated that the Rashmika Mandanna was also a part of this concert. Users were given an opportunity to participate in several challenges to win massive discounts as well as a chance to fly to Seoul, the capital of South Korea.

“Through FloAtverse, we created an experience that combines the cultural trend of KPop with the latest marketing technology. During Shark Tank, I met Krishnan, the founder of Loka, and had an in-depth conversation around metaverse with him. Huge kudos to Loka and my team to get this project together,” Aman Gupta, co-founder, chief marketing officer (CMO), boAt, said. Imagine marketing limited was established by Aman Gupta and Sameer Mehta in 2013.

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Ethereum NFT Lending Service BendDAO Aims to Solve Its Liquidity Crisis

BendDAO, which uses NFTs as collateral to loan Ethereum to borrowers, is in hot water. The project's DAO—a community centered around a shared initiative that uses blockchain-based tokens for collective voting—must now decide whether to adopt a new policy on its liquidation thresholds after seeing its treasury all but drained.

According to Etherscan data, the DAO’s wallet has since received a small influx of funds and now holds roughly 425 ETH, but things aren’t exactly stable yet. One BendDAO co-founder, a Bored Ape Yacht Club NFT holder who goes by CodeInCoffee.eth, put the new proposal to community vote Monday in an effort to stabilize the DAO’s finances and restore confidence in the lending protocol. The way BendDAO currently works is by enabling users to deposit high-value NFTs into the service and receive up to 40% of the asset's "floor price" as a loan in ETH.

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@Metaverse_Web3_GameFi

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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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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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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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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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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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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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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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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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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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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Samsung’s metaverse island in Fortnite goes live next week

Samsung is all in on the metaverse concept. After launching virtual worlds in Decentraland, ZEPETO, and Roblox earlier this year, Samsung unveiled at Galaxy Unpacked 2022 that it will soon release its own island in the Fortnite metaverse. Samsung Latin America says that Smart City is “not just about having fun, but above all about exploring and building relationships.” Either way, it has gameplay elements and easter egg hunts for in-game loot.

In gameplay terms, Samsung’s Smart City in the Fortnite metaverse will be a part of the Z Series Fun Game Quest. It encourages players to play “hide and seek” games and find the new hidden Galaxy Z Fold 4 in-game item. While keeping the Z Fold 4 in the possession of their characters, players can enable features such as Nightography, which gives them enhanced night vision inside the game world. Samsung’s new foldable phones promise brighter.

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Bank of England Analysts See Crypto Having Important Roles in the Metaverse

Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust consumer protection and financial stability regulatory frameworks,” they added. Bank of England’s economist Owen Lock and policy analyst Teresa Cascino published a blog post titled “Cryptoassets, the metaverse and systemic risk” Tuesday.

Lock and Cascino explained that “The open metaverse will require a means with which to own and transact digital objects which are interoperable between virtual worlds,” elaborating: “We think cryptoassets are well placed to play an important role here.” Furthermore, corporates may increasingly accept crypto payments for goods and services, and sell digital assets, such as clothing non-fungible tokens (NFTs), in the metaverse, they added.

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AC Milan Sign Partnership Deal With OneFootball For NFT Collection

AC Milan have officially announced on their website a new deal with One Football as a premium partner to create exclusive digital video highlight and still collectibles for the over 500 million Rossoneri fans across the globe. The new multi-year deal, which sees OneFootball become the new Official NFT Video Highlight Moment Partner.

OneFootball has created a simple and accessible way for real fans to buy moments - giving them the chance to own a real-life moment of incredible football, in perpetuity. The product will be revealed on 1st August with the first 2022/23 season drop available from 29th August on OneFootball’s marketplace, Aera by OneFootball. Built on the sports-industry leading Flow blockchain, Aera by OneFootball is the world’s largest football media platform on which fans.

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Wipro steps up investments in emerging areas of metaverse, web 3.0: Rishad Premji

Wipro has restructured its operating model from being industry-organised to market-organised and, as part of this transformation, the company has lined up $1 billion to be invested in the cloud services vertical over the next few years, Chairman Rishad Premji said at the Annual General Meeting on July 19.

Premji said the company will continue to invest in "building capabilities and acquiring market-leading talent” in growth areas. “We are accelerating our investments in TopCoder, our crowdsourcing platform and in emerging areas such as the metaverse, web 3.0, robotics, self-learning AI, and privacy systems,” he said. The demand for digital, cloud, data and cybersecurity services is growing at a fast clip, and therefore, despite elements of uncertainty in the short term, long-term prospects for the technology services industry look impressive, Premji said.

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Tweets on the metaverse grow 8181 percent

The metaverse is continuing to worm its way into the current zeitgeist with tweets on the subject skyrocketing 8181 percent according to a new Twitter report. The 2022 Twitter Trends Report shows decentralised finance (DeFi) and esports are some of the most popular conversations being had on Twitter by Australian users.

According to the report, conversations on gaming have increased by 93 percent year over year and AR is up 12 percent. The trends report analysed billions of Tweets from 2019 to 2021 and found the three biggest movements floating to the top of conversations, from finance and gaming to social inequalities. From these billions of tweets, neither Angus Keene, managing director of Twitter ANZ nor a Twitter rep could tell Digital Nation how many tweets were sent by bots.

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Metaverse | Web3 | GameFi pinned «Your source for Metaverse | Web3 | GameFi news, analysis & culture. In 5 years you'll be wishing you paid more attention to this page. Admin: @AaronWithCrypto @Metaverse_Web3_GameFi»

Your source for Metaverse | Web3 | GameFi news, analysis & culture.

In 5 years you'll be wishing you paid more attention to this page.

Admin: @AaronWithCrypto

@Metaverse_Web3_GameFi

2 Months of Running With NFT Fitness App Stepn

Back in April, all the degens on Crypto Twitter were boasting about the money they were making just going out for a run and using "move-to-earn" Stepn. The app rewards you in its GST (Green Satoshi) token for walking, jogging, or running outdoors. Some Web3 folks were racking up more than $20 worth of GST per run.

The people who were early to Stepn would talk about how quickly they expected to earn back the money they spent on their sneaker NFT and begin making a profit. At current crypto prices, I'll earn back what I spent in 363 months, or about 30 years. The app also continually tries to get you to spend more money by "repairing" your sneaker or "leveling up" by buying another. If the tokenomics aren't enough of a turnoff (it certainly prompts Ponzi scheme accusations), the UX is far inferior to leading Web2 fitness apps like Nike Running Club and Strava.

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@ChartsSignalsTrading just posted their Trading Report For June 2022 with a whooping profit of 1197 %

Join their FREE trading channel: @ChartsSignalsTrading

Total Trades: 57
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Stop-loss: 6
Open trades: 4

Red Hare Integrates BOA Financial Group To Explore NFT Opportunities

Red Hare, one of the leading non-fungible token (NFT) analytic firms, has successfully partnered with Hong Kong-based BOA Financial Group (BOAFG) to explore business opportunities in the NFT space. In a July 15 press release, the NFT analytic firm confirmed the successful partnership with BOA Financial Group.

Launched in April 2022, Red Hare Analytics is an Asian firm offering products and services such as NFT indexes and index-related services, NFT-related analytics, NFT data APIs, NFT-related technical development, and NFT incubation, among others.On the other hand, BOA Financial Group is a Hong Kong-based firm that facilitates consulting services to its corporate arm, Bank of Asia Limited (BOA). BOA is a fully licensed financial group incorporated in the British Virgin Islands. s part of the joint efforts to expand across Asia and the rest of the world.

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