NFTs & DeFi 🗓

2023-04-22 10:14:01 Entertainment Industry Veteran Praises $SHIB Metaverse’s Potential for Hollywood

Shiba Inu ($SHIB), a decentralized cryptocurrency project inspired by the popular internet meme of the Shiba Inu dog breed, has made significant strides in its “SHIB: The Metaverse” project. The team behind the project recently released an update on the development’s progress, which includes structural changes, new designs, and a modified roadmap. The team aims to have several areas of the Metaverse accessible to users by the end of 2023. The team has significantly improved the development infrastructure of SHIB – The Metaverse, focusing on providing users with a more photorealistic experience. To achieve this, the team has adopted Unreal Engine 5.1, which has streamlined their workflow process and reduced the time spent on troubleshooting. The team is working on developing several tools to enhance the user experience, including the Plot Builder and the Avatar Builder. The team also shared a sneak peek of the next Hub to be revealed, Rocket Pond, which promises to take users to new heights and offers a glimpse of the Metaverse’s expansive world.

NFTs | DeFi | News Open / Comment

2023-04-22 04:14:01 Pragmatic Play Breaks into the Metaverse with Land Vegas in LatAm

Under the terms of this partnership, Pragmatic Play will supply its cutting-edge games to Land Vegas, which is the region’s first casino based in the Metaverse, making the supplier’s bid on the future of entertainment clear. Metaverse entertainment has been for a while now trying to attract interest from casinos and suppliers, and Land Vegas’ prominent local foothold, combined with Pragmatic Play’s established reputation for delivering impeccable iGaming content, is finally making this a reality. Pragmatic Play further benefits from the opportunity to strengthen its reputation as a leading innovator in the region and also has a chance to blaze a trail in a new and exciting vertical. Pragmatic already has a strong commercial footprint in Latin America, with the Land Vegas link-up only adding to this reputation. Players at Land Vegas will now tap into an array of Pragmatic’s experiences, including but not limited to the Slots, Live Casino, and Virtual Sports titles. The supplier wants to continue and deliver transformative experiences in the local market that strike home with player bases and resonate with casino gamers.

NFTs | DeFi | News Open / Comment

2023-04-21 20:52:00 HiFi Finance price jumps 70% after its NFT collateral status update

HiFi Finance price has caught a majority of crypto traders by surprise today after jumping 70% at press time and still going. HIFI, the native token of the decentralized finance protocol HiFi Finance, is among today’s top gainers as the global crypto market cap is dropped by 2.97%. The main reason for today’s HIFI price surge is the NFT collateral status update that HiFi Finance made today. For those who it is their first time coming across HiFi Finance, it is a DeFi protocol that allows users to lend and borrow cryptocurrencies at a fixed rate. It was originally known as Mainframe when it launched in 2017. Mainframe began as a decentralized communications layer for Web3 before pivoting to Decentralized Finance and rebranding to HiFi in early 2020. users can also participate in HiFi Governance where users use the HIFI token to vote on proposals by staking the token. The delegates’ voting rights are automatically adjusted depending on the amount of staked HIFI tokens.

NFTs | DeFi | News Open / Comment

2023-04-21 16:25:09 LandVault teams up with Super League for metaverse gaming

LandVault, which views itself as a construction company in the metaverse, has teamed up with Super League to create metaverse gaming platforms in the Middle East. The companies have set up an exclusive partnership to serve the needs of businesses throughout the Gulf Cooperation Council region, which includes Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates. Together, LandVault and Super League will help bring consumer brands, international sports franchises, entertainment conglomerates and government agencies to the metaverse. In addition, their combined expertise in Web2 and Web3 provides third parties throughout the region with a solution for the creation, distribution, marketing, and monetization of metaverse initiatives. Coinciding with this announcement, Super League has appointed LandVault as the official builder for Web3 platforms in the GCC region, with a particular focus on the United Arab Emirates. The company’s local presence enables Super League’s partners.

NFTs | DeFi | News Open / Comment

2023-04-21 10:25:09 PUBG developer's NFT metaverse platform is coming this year and still sounds like nonsense

PUBG developer Krafton announced that it was getting its hands dirty with NFTs and metaverse shenanigans last year, and it looks like its plans are coming to fruition. The metaverse platform, which has the working title Migaloo, is due to launch this year. Like so many NFT and metaverse projects, the initial announcement was pretty vague, offering no real indication what prospective players could expect. Over a year later, and with its arrival on the horizon, nothing seems to have changed. So far, so vague. What sort of things will it be possible to build? And why would anyone want to buy them? The concept of user-generated content is ancient now, so at the moment all that Krafton is offering is a way to sell your stuff, which itself is hardly revolutionary. It's also not clear how it's going to stand out from the other metaverse and NFT projects floating around. "[I]t promises to be a new metaverse platform that incentivizes creators and offers transparency in transactions and settlements," the announcement adds, but again, this is all pretty woolly. It's just so easy to be incredibly sceptical of these kinds of announcements because they all sound like half-baked snake oil pitches that lack specifics and always fail to answer the basic question of why this needs to exist.

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2023-04-21 04:25:07 Meta opens its Horizon Worlds VR metaverse to teenagers

Meta’s metaverse platform Horizon Worlds lets people create their own 3D environments, which other users can then explore (Meta). Horizon Worlds has been intended for use by adults only until now. However, 13-17 year-olds in the US and Canada will be able to access the virtual world “in the coming weeks”, with other countries expected to follow. Meta says it has introduced “a robust set of age-appropriate protections and safety defaults”. Horizon Worlds lets people create their own 3D environments, which other users can then explore. This is where potential issues for younger users arise — any platform with user-generated content is likely to surface stuff unsuitable for kids, regardless of how rudimentary the building tools are. The platform is also home to curated areas and mini-games, including battleground Arena Clash and a virtual comedy club. Horizon Worlds was launched in December 2021 in the US and Canada, before being released in the UK in June 2022. The app reportedly failed to meet Meta’s expectations. An initial goal of 500,000.

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2023-04-20 20:25:12 Trump’s Second NFT Collection Sells Out While Prices on First Collection Plunge

In the early hours of Wednesday morning, former U.S. President Donald Trump’s second series of non-fungible tokens (NFT) sold out after releasing to the public a day prior. The new collection features 47,000 tokens, which sold for $99 each, this time with limited one-of-one NFTs and autographed cards. Traders who purchased 47 tokens would be eligible for a dinner with Trump at his Mar-a-Lago estate in Florida. The second collection features art that closely resembles that from Trump’s NFT debut in December, which also sold out within a day of release. The first collection was a surprise success and its floor price quickly jumped in the 24 hours following the sale, with prices on secondary marketplace OpenSea reaching 0.19 ether (ETH), or about $230 – more than double the original price. Trading volume also crept up to 900 ETH, or $1.08 million, on the day following the sale. Recent filings also indicate that Trump made between $500,000 to $1 million from the NFT project via a licensing deal he inked with the collection’s creator.

NFTs | DeFi | News Open / Comment

2023-04-20 16:14:02 Starbucks' crypto marketplace is selling pictures of coffee cups for $1,000

Pictures of coffee cups are changing hands on Starbucks’ NFT marketplace for around $1,000. We all know that Starbucks has somehow made us pay extravagant prices for what is, fundamentally, flavored hot water. In New York, a "venti toasted Graham" currently goes for $6.88. But we comfort ourselves with the thought that even though we might be overpaying, we were still getting some actual caffeine in actual coffee in an actual cup. Starbucks’ is so expensive — compared to regular coffee — that giving up your daily Starbucks habit has often been touted as a way to get rich. Shawn Carter, a writer for Forbes, once calculated that Starbucks costs him $2,300 a year. But now, Starbucks is offering you a much faster way to get rich: if you were lucky enough to obtain a “Holiday Cheer Edition 1 Stamp” last year — there were only 5,000 of them! — you could expect to sell it on for $1,000, according to Starbucks’ Odyssey NFT marketplace. There have been 210 sales in the secondary market since the collection launched four months ago.

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2023-04-20 10:14:02 STEM Metaverse launches summer camp for young learners

Ed-tech platform STEM Metaverse has announced the launch of its three-month long online summer camp starting from April 18, 2023. The camp is designed for young learners to help them learn valuable skills and make the most of their summer, an official release said. This camp is accessible to students in PAN India and offers a range of fun and engaging activities that encourage experiential learning, the release added. The camp activities are divided into two parts – Explorer and Advance. The Explorer camp is meant for students who want to try out a new skill and see if it interests them, while the Advance camp enables students to dive deeper into their programme of choice. The Explorer camp gives a feel of a variety of programmes suh as Creative Writing, Code a Game, Robotics, Indian Art forms, YouTubing and Become a Young Scientist, and Solving a Murder Mystery. The Advanced Camp, on the other hand, is best suited for Middle schoolers. It is outcome oriented and gives students a detailed and practical understanding, with programmes such as Becoming a Published Author, Building an App-controlled Car, Advance Python, Decrypting Algorithms, and Acrylic Painting.

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2023-04-20 04:14:02 Music Band Pussy Riot Joins IMVU to Launch Metaverse And Airdrop NFTs

Pussy Riot’s lead singer Nadya Tolokonnikova is launching a metaverse to welcome women, BIPOC, and LGBTQIA+ collectives. According to Venture Beat, the Pussy Riot community space will be launched within the interactive 3D chatroom game IMVU. Additionally, the first 5,000 users who visit the metaverse and complete a free mission will unlock an NFT designed by Tolokonnikova. The purpose of the community space “Utopia: A Virtual Haven for All” is to provide a unique and welcoming environment for all women, BIPOC, and people from the LGBTQIA+ community, where everyone can interact within a feminist church with ideologies similar to those defended by Pussy Riot. Those who wish to visit Tolokonnikova’s metaverse can do so starting April 14 by logging into IMVU and creating a unique avatar to their liking. A true feminist activist, Tolokonnikova, who claims to have been imprisoned for two years for protesting against Russian President Vladimir Putin’s government, noted that this is one of the first projects focused on the crypto ecosystem she is working on to support LGBTQIA+ communities in Russia.

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