NFTs & DeFi 🗓

2022-09-26 02:14:00 Flipkart Jumps Onto Metaverse Bandwagon, To Launch Flipverse This Diwali

Ecommerce giant Flipkart is reportedly planning to announce its interactive and Metaverse-themed virtual shopping platform, Flipverse, during the ongoing ‘Big Billion Days Sale’. Sources told The Decrypting Story that Flipkart has partnered with social media giant Meta and Ethereum Layer-2 scaling startup Polygon for the project. Flipverse is expected to deploy a host of Web3.0 technologies to elevate current user experience to include a virtual reality experience. The new offering will enable users to walk through the virtual shopping centre and interact with digital store fronts. According to the report, Flipverse will host games, NFTs, product launches, and other contests.

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2022-09-25 19:20:00 Global experts in Dubai to demystify the metaverse

The inaugural Dubai Metaverse Assembly will bring together over 300 regional and international experts who will discuss the potential applications of metaverse and its impact on humanity at Dubai Future Museum on September 28 and 29. Organised by Dubai Future Foundation (DFF), under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the two-day global event will dive deep on the experiences.

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2022-09-25 14:25:05 Asian fashion brand set to sell clothing on Color Star's metaverse

US’ entertainment technology company Color Star Technology Co Ltd has announced that Asian fashion brand Unbounded Human will officially begin selling its clothing on its ColorWorld Metaverse platform. Color World is a metaverse platform featuring artificial intelligence and celebrity entertainment. Focused on the oriental style, Unbounded Human not only aspires to expand globally but also has its eyes on the future developments of Color World. The fashion brand will become the first of its kind on the platform. As the brand continues to mature, its focus is now on the metaverse commerce era.

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2022-09-25 08:29:01 Hadean raises $30M to build out metaverse infrastructure

Metaverse infrastructure and developer startup Hadean today announced that it has raised $30 million in new funding to bridge the gap between the physical and virtual worlds. The Series A round was led by Molten Ventures, with participation from 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel. Epic Games, the creator of the massively popular video game “Fortnite” and developer of gaming graphics software kit Unreal Engine also participated in the round. The company was founded in 2015 with the mission of providing a scalable, distributed computing platform for Web3 and the metaverse. It is currently used to power immersive virtual worlds in video games and industrial applications for real-world simulation.

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2022-09-25 01:52:01 NFT ecosystem attempts a bounce back amid bearish market sentiment

Over the past two years, nonfungible tokens (NFTs) gave the crypto ecosystem the boost it needed to grab mainstream attention — owing to the involvement of prominent artists and celebrities. However, despite the enormous losses suffered by NFT investors following the ongoing. Since Sept. 12, the performance of blue-chip NFT collections witnessed a steady growth, inching back toward the 10,000 Ether (ETH) that was lost in mid-August 2022, according to data by NFTGo. On Sept. 20, the market capitalization, which is derived from the floor price and the trading price of NFTs, spiked nearly 16.5% at roughly 11.25 million ETH.

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2022-09-24 19:10:07 NFTs Will Spawn the Next Marvel or Disney, Says Solana Founder

Solana co-founder and Solana Labs CEO Anatoly Yakovenko believes, telling Decrypt at this week’s Messari Mainnet conference in New York that NFT projects can lead to significant IP in the decades to come. He described NFTs as the “dominant, breakout use case” right now for Web3 technology. The possibilities are endless,” he added, “and this is, I think, the best place to zero-to-one a brand, or a new story, or new lore for whatever—games, movies, IP, franchises, whatever you want. It's early days, but really, really exciting.

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2022-09-24 15:50:54 The ETH Merge Did Little to Energize a Tepid NFT Market

Ethereum continues its reign as one of the dominant blockchains for launching non-fungible tokens (NFTs), some speculated that its milestone transition from proof-of-work to proof-of-stake last week would help reinvigorate an NFT market that’s been trending downward for the better part of two months. NFT trading decreased overall, and this past week has been just slightly better. One of the industry's top marketplaces, OpenSea, has seen $84 million of volume in the past seven days for Ethereum-based NFTs, a 5.3% increase from the week leading up to the Merge, according to data from DappRadar.

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2022-09-24 08:52:02 Couple say 'I do' in Singapore’s first metaverse wedding

Avatars clapped and cheered as the digital likeness of Mr Clarence Chan and Ms Joanne Tham sealed their vows with a kiss at a virtual altar during their metaverse wedding – in what they say is the first of its kind in Singapore. Family and friends, the wedding officiator, and even the bride’s pet dog, were present in pixel form. Mr Chan said this is the first wedding held on decentralised virtual world The Sandbox, and the couple marked the happy occasion by planting the Singapore flag in their digital wedding venue. “We were the first in the world to do this in The Sandbox and just like Neil Armstrong, we wanted to plant the Singapore flag, being proud Singaporeans ourselves,” said Mr Chan.

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2022-09-24 03:14:01 Post offices adopting NFTs leads to a philately renaissance

Nonfungible tokens are being used to reinvigorate postage stamp collecting in Austria and the Netherlands. This same search also paints the picture of a hobby in decline, as younger generations are increasingly preoccupied with their screens and the constant stream of dopamine hits served up by TikTok, Instagram, Twitter and other popular social media platforms. Two European postal services have looked to capitalize on the popularity of nonfungible tokens (NFTs) in recent years to reinvigorate the philately sector. Cointelegraph caught up with Netherlands’ PostNL and the Austrian Post Office (PostAG) at the Blockchain Expo in Amsterdam to delve into their collaborative effort that has successfully married postage stamps with NFTs.

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2022-09-23 21:05:01 Italy's AC Milan Launches NFT Game With MonkeyLeague

Italian soccer club AC Milan is diving deeper into crypto with a new collection of NFTs from Solana-based esports franchise MonkeyLeague. The new non-fungible token (NFT) partnership will let fans mint Rossoneri-branded wearables and give them access to game tournaments, such as football players playtesting the game. Earlier this year, the club started new partnerships to issue official NFT video highlight moments and entered an NFT-based fantasy football game, allowing users to collect, trade and play with digital cards from AC Milan. AC Milan is the first football club to partner with MonkeyLeague. “We are thrilled to kick off this partnership with MonkeyLeague, a collaboration that allows us to strengthen our positioning in the field of digital innovation,”.

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