NFTs & DeFi 🗓

2022-10-31 10:14:03 OpenSea Lists Elon Musk’s ‘The Bird Is Freed’ Tweet As NFT

OpenSea, a leading Non-fungible token marketplace, listed the new Twitter CEO’s first tweet after purchasing the media company as a collectible. The tweet which reads ‘the bird is freed’ is worth 25 Ethereum or $37,640.25 on OpenSea. At the time of writing, it has sold a piece. After closing the $44 billion Twitter deal, Elon assumed ownership of the popular media platform. Subsequently, he laid off all the top executive board members of the company. Hence, by default, giving him complete control over the affairs of Twitter. Elon Posted the now trending ‘the bird is freed’ tweet in the wee hours of Friday, at precisely 4:48 AM.

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2022-10-31 04:14:01 FTX CEO dissects Mark Zuckerberg's intent to pump $10B/year into Meta

Zuckerberg’s $100 billion Metaverse experiment first raised eyebrows when the CEO released the avatar for Meta’s Horizon Worlds VR platform. Subsequent releases of the Zuckerberg avatar fell prey to internet memes, although each new iteration seemed visually better than its predecessor. According to Bankman-Fried, Facebook’s growth was not impacted by newer rivals such as TikTok. Rather, he argued that the company “stopped growing because, well, there was no more room to grow.” SBF suspected that rebranding to Meta was a way for Facebook to improve its reputation through distraction.

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2022-10-30 21:41:01 Future of Work in the Metaverse to Look 'More Like Video Games': Microsoft Xbox Lead

Microsoft’s gaming CEO has poured water on Meta’s metaverse project, describing it as “a poorly built video game.”. Phil Spencer, speaking at the WSJ Tech Live conference, had a less than enthusiastic take on the quality of the project in comparison to modern video games. The exec was not entirely dismissive of the future of the Metaverse but feels it will look much different from Meta’s current offering. “There are engagement models where you can really have productive interactions and get things done in 3D virtual spaces, and I think they’re going to look a lot more like video games than some of the models we’re seeing today,”.

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2022-10-30 16:14:00 NFTs Are Going Big in Latin America Amid a Crypto Boom

With an increasing number of financial and political crises in recent years, Latin American citizens have found in crypto a powerful tool to cope with the instability. Now, non-fungible tokens (NFT) are booming in the region, with the goal of solving real problems and not speculation. High inflation has led millions of Latin Americans to seek refuge in cryptocurrencies, with stablecoins leading the way. According to Mastercard, 51% of consumers in the region have made at least one transaction with crypto. Brazil, Argentina, Colombia and Ecuador are among the top 20 countries with the greatest crypto adoption, according to Chainalysis' 2022 Global Crypto Adoption Index.

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2022-10-30 10:14:00 Twitter Reveals 'NFT Tweet Tiles' in Order to 'Impact' the Social Media Experience

According to the social media company Twitter, the firm plans to launch a new feature called “NFT Tweet Tiles,” a segregated panel within a tweet that showcases non-fungible tokens (NFTs) and the marketplaces that list the specific NFT shared. The new NFT concept is expected to drop soon, in order to “impact the Tweet experience,” Twitter developers explained on Oct. 27. After Elon Musk officially took over Twitter, the social media’s development team tweeted that the firm aims to drop a feature called NFT Tweet Tiles soon.

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2022-10-30 04:14:00 Interpol says the metaverse could open up a whole new world of crime

The metaverse could be used not just to facilitate crime in the physical realm, but could also be used for various other dangerous forms of cybercrime, as well, a new warning from Interpol has warned. Interpol’s executive director for technology and innovation, Madan Oberoi, explained that member countries are growing. One of the most popular fraud methods - phishing - could take on a whole new meaning when virtual reality and augmented reality are thrown into the mix, Oberoi stated. What’s more, the question of child safety cannot be understated. There are also ways for threat actors to use virtual realities to plan and practice future physical attacks.

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2022-10-29 22:01:53 Gucci Launches New Immersive Metaverse Experience

Gucci Vault Land, as it’s known, was crafted by the luxury Italian house’s Vault concept store, which itself is the brainchild of Alessandro Michele. Through Nov. 9, what’s billed in a press release as a “play-to-know narrative” will be available for perusal, with entry notably not requiring an NFT or other form of ticket. After visitors begin their journey at the Garden of Curiosities, a story is told across multiple rooms, each one crafted to represent different elements of the unique creative intention behind the larger Vault project. Among the privileges awarded to guests is the chance to restore a vintage bag in the Vault Vintage Lab, among other memorable mini-excursions. NFT is indeed not required to access any of this, there are benefits of holding a SUPERGUCCI or Gucci Grail NFT.

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2022-10-29 16:25:00 Premier League weighs $34.7 million NFT deal with Sorare

The Premier League, one of the largest soccer organizations in the world, is reportedly having conversations with its teams about signing a multi-year deal with Sorare for digital collectibles. The deal would include a multi-year contract for static images of players in the form of NFTs. ConsenSys, the blockchain infrastructure provider of Infura and MetaMask, is thought to have tried to renegotiate a lower-priced contract with the Premier League after NFT valuations and volumes dipped this past year. The Premier League, the UK's top-tier soccer organization with hundreds of millions of avid fans, also is reportedly in discussions with Dapper Labs, another digital collectibles company which started the NBA Top Shots platform.

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2022-10-29 10:25:00 Meta selloff erases quarter of company's value after metaverse losses top $9 billion

Facebook owner Meta’s shares sank by 25% amid a wide selloff that suggests investors are none too pleased with CEO Mark Zuckerberg’s metaverse strategy. The share drop brought Meta’s total market capitalization below $265 billion. It exceeded $1 trillion last year. Shares fell dramatically on the heels of Meta reporting that Reality Labs, its metaverse division, lost $3.7 billion during the third quarter. The division’s year-to-date losses total $9.4 billion, the company reported on Wednesday. Zuckerberg says his company’s metaverse strategy also includes augmented reality and neural interface technologies, but these are still in phases of research and development.

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2022-10-13 04:25:02 CNN to shut down its NFT marketplace and issue 20% refund

United States-based multimedia outlet CNN announced in a tweet on Oct. 10 that it would shut down its nonfungible token (NFT) project less than four months after its launch. Dubbed “Vault by CNN: Moments That Changed Us,” the collection included a series of tokenized iconic news moments from CNN’s 41-year history. According to its official roadmap, developers were supposed to implement new features such as “exclusive CNN perks for Vault collectors” and “mint your own CNN article NFT.” In the project’s Discord server, CNN staff member Jason said that users would receive 20% of the original mint price of the NFT tokens in the form of stablecoins or FLOW tokens deposited to collectors’ wallets.

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