https://t.me/nfts_defi_metaverse

2022-10-05 22:50:09 Mainstream NFT adoption will be driven mostly by their utility

Hype may have been a factor in the rise of NFTs, but the actual utility will be the catalyst for the mainstream adoption of the technology. Nonfungible tokens (NFTs) have seen a stratospheric surge in popularity accompanied by sky-high values, giving rise to legitimate and ongoing worries about a market bubble, as many projects lacked real-world application or utility. NFT utility is an essential component because it adds value and functionality to the technology. One of the most well-known use cases for NFTs is the ownership of digital art pieces like CryptoPunks. Play-to-earn (P2E) gaming is another use case that had massive popularity in 2021.

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2022-10-05 17:26:42 Ripple CEO Flags Twitter BOTs Issue; Will This Help Elon Musk?
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2022-10-04 23:10:08 Moonbirds DAO to Launch With $2.6M in Ethereum and NFTs From Kevin Rose’s Proof

Proof, which was co-founded by CEO and tech entrepreneur Kevin Rose, revealed additional details for the previously-confirmed DAO structure, which is being established to “empower creatives that are building towards furthering the Moonbirds ecosystem, reputation, and lore,” per an official explainer. A DAO is an online group united by a shared goal or purpose, with membership typically represented via ownership of a token. In this case, the Moonbirds DAO will allow owners of Moonbirds and the upcoming Moonbirds Mythics NFTs to join and participate, submitting and voting on proposals to expand the ecosystem around the tokenized owl collectibles.

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2022-10-03 21:30:21 Bored Apes' Otherside Builder Improbable Eyes Fresh Funding at $3.6 Billion Valuation

Gaming technology startup Improbable is set to raise a new funding round of $111 million (£100 million) as it sets its sights on creating metaverse worlds for buzzy Web3 firms like Bored Ape Yacht Club-creator Yuga Labs. The hyped, Softbank-backed company is finally close to achieving “operating profitability,” its CEO Herman Narula said. The CEO said its venture with Yuga Labs, where it and Animoca Brands were tapped to create the "Otherside" metaverse, will contribute a big part of its revenue in 2022. The latest round would value the company at $3.36 billion (£3 billion), up from its last $2.8 billion (£2.5 billion) valuation in 2018. According to documents, the company recorded a $170.4 million (£152 million) loss in 2021, which left it with $ 63.9 million (£57 million) in the bank as of the end of last year. Improbable raised the then-largest funding round.

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2022-10-02 23:01:01 NFT Trading Volume has Fallen 97% Since the Beginning of the Year

NFTs have been in steady decline for months, and new data shows just how bad it has gotten: digital collectibles have basically lost all of their luster and trading volume has collapsed by 97% since the beginning of 2022. A Bloomberg report shows trading volume for non-fungible tokens (NFTs) has gone from $17 billion. NFTs below the point they were in just before the NFT boom that took place in the summer of 2021 which saw the creation of NFTs explode in popularity. Gizmodo notes that OpenSea, which is the largest NFT trading platform by volume, saw its sales drop 75% in September compared to just two months prior. This, despite the fact that the number of traders hasn’t really fallen much even though the number of trades has collapsed. There were over 42,000 total traders in September.

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2022-10-01 20:40:06 OpenSea Has Delisted Several Azuki Non-fungible Tokens

The NFT prominent characters, Azuki, have ended the week on a bad term as OpenSea has reportedly delisted several of their collectibles today. The reason is yet to be confirmed since users can no longer partake in token sales from the marketplace. According to a statement from their official discord, the crypto-based organization announced that they have reached out to OpenSea on the issue concerning delisting emails sent to Azuki holders. Azuki users should be patient as the management waits for a response to relist the digital assets. As we advance, the substantial case in hand is the same as that one that occurred to Bored Ape Yacht Club. BAYC also faced the same issue in June when the company apologized to their holders.

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2022-09-30 22:30:08 Gucci appoints new CEO of Gucci Vault and Metaverse Ventures

Robert Triefus, Gucci’s senior executive vice president, corporate and brand strategy, will now also be taking on the new role of chief executive officer for the house’s Gucci Vault and Metaverse Ventures. From November 1, Triefus will oversee emerging opportunities for brand expansion and scaling the luxury brand’s metaverse and gaming strategies. The multimedia platform is home to various conceptual experiences, as well as an e-commerce space dedicated to pre-owned, vintage Gucci items. Additionally, the brand has aimed to highlight emerging designers through the site via a ‘Conversations’ category and selling select products through the platform. To develop these spaces, Triefus will continue to work alongside the respective teams to position Gucci in the gaming and Web3 industry.

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2022-09-29 21:39:59 Warner Music partners with OpenSea to give artists access to new Drops feature

Warner Music Group will be partnering with OpenSea to allow artists to engage with their fanbase through NFTs. According to a Sept. 29 announcement, “select WMG artists” would be able to “build and extend their fan communities in web3.”. The selected artists will be given access to a new “drops product,” receive increased visibility, as well as personalized landing pages on the OpenSea website. OpenSea is also offering “dedicated support” for WMG artists, something that is not available to all content creators on the platform.

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2022-09-29 16:52:19 1 MORE DAY TO @AffynOfficial BIG UNVEILS!!! This is one of the most severely undervalued projects that I believe will become the Number 1 blockchain Metaverse in the entire industry.

Register for the ALPHA event!:
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2022-09-28 23:20:00 Dubai Metaverse Assembly kicks off today at Museum of the Future

Dubai Metaverse Assembly kicks off today, September 28, 2022, at the Museum of the Future and AREA 2071, Emirates Towers, Dubai. The two-day event supports the vision of His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, for technology and innovation to drive positive change for humanity. Mohammad bin Abdullah Al Gergawi, Minister of Cabinet Affairs, and Vice Chairman of the Board of Trustees and Managing Director of Dubai Future Foundation (DFF), affirmed that the global event aims to help governments, technology companies, and international organisations explore the opportunities, capabilities and applications of the metaverse.

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