NFT & Crypto Updates

2022-10-03 08:52:01 Facebook, Instagram Users in US Can Now Share Ethereum, Flow and Polygon NFTs

Meta first began enabling NFT support on its platforms in May with Instagram, and then added Facebook support in June. In both cases, the firm started with a limited number of users, but has gradually expanded the pool over time. Now anyone in the U.S. can showcase their NFTs, joining users in some 100. The feature currently supports collectibles from the Ethereum, Flow, and Polygon blockchains, with Solana support also on the horizon. Facebook and Instagram support wallet connections MetaMask, Dapper Wallet, Coinbase Wallet, Rainbow, and TrustWallet. The feature is available from the “digital collectibles” tab in settings in both mobile apps. According to Meta, the feature showcased the “interoperability” of NFT assets that can plug into various platforms.

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2022-10-03 03:25:14 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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2022-10-02 22:10:10 Elon Musk's Ex-Girlfriend Grimes Says Mark Zuckerberg 'Wildly Under Qualified' To Run Metaverse

Tesla CEO Elon Musk's ex-girlfriend Grimes says that Meta Platforms Inc CEO Mark Zuckerberg isn't the right person to run the metaverse. On Friday, Aug. 26, she went on Twitter to say Zuckerberg is "under qualified" to launch the metaverse. Claire Boucher, the Canadian musician known as Grimes, expressed concerns about Zuckerberg overseeing the virtual world. She also mocked Zuckerberg's metaverse avatar and said, "this is bad art," and even an indie game looks better than this. Grimes spoke about Zuckerberg in response to his recent interview with Joe Rogan. Last week, Zuckerberg shared a photo of his avatar on his Facebook page, and people reacted by creating memes. In response, he went on Instagram to introduce a new avatar.

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2022-10-02 17:20:15 Deutsche Telekom is developing hologram technology for our metaverse future

German telecommunications provider Deutsche Telekom is developing hologram technology to "merge virtuality with reality”. The head of global devices partnerships at Deutsche Telekom, Sven von Aschwege, said that the international companies have decided to work together since “[holographic calls] only really make sense if they work with everyone and not just with a company's customers." The hologram will be created with a 5G internet connection and a smartphone selfie camera, and will create a 2D image which is then rendered into a real-time 3D image.

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2022-10-02 10:20:10 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.

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2022-10-02 03:41:02 Spanish Soccer League Laliga Partners With Globant to Support New Web3 and Metaverse Initiatives

Laliga, the premier soccer league organization in Spain, has announced a partnership with Globant, an Argentine software giant, to bring Web3 and metaverse experiences to its fans. The partnership will combine Globant’s tech resources with Laliga’s tech division in order to build products to expand the reach of the organization in the digital realm. Big sports organizations are getting closer to the digital world as a way of reaching new fans and offering new interaction possibilities for their users. Laliga, the premier soccer league organization in Spain, recently announced a partnership that will serve to expand the digital reach of the company. The organization partnered with Globant, a Buenos Aires-based software giant, to build metaverse and Web3 experiences for current fans and new users.

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2022-10-01 22:20:14 Blackrock Plans to Launch a Metaverse ETF

BlackRock’s iShares Future Metaverse Tech and Communications ETF will give investors exposure to metaverse-focused companies, as per the filing on Thursday. This may include companies with links to social media, virtual platforms, digital assets, gaming, augmented reality and much more. The metaverse, which combines technologies such as virtual reality and NFTs, has become a focal point for exchange-traded product issuers. Most recently, Switzerland-based crypto exchange-traded product issuer 21Shares and US rival ProShares have launched their own Metaverse ETFs. Despite a major slowdown in the Metaverse space, some industry surveys estimate that the total addressable market between $8-13 trillion by 2030.

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2022-10-01 18:20:15 BendDAO Community Proposes to Develop Bendearn Yield for ApeCoin Staking

With the decentralized peer-to-peer NFT liquidity platform, BendDAO plans to pump up more APE stakings to maximize user revenue. Accordingly, the protocol aims to reform the Yuga-based non-fungible tokens (NFT) following the latest proposal from its community. Users on this staking plan are eligible to earn passive income from their activities. However, BendEarn aims to pair the mining of NFT and $APE with a focus on profit distribution. The scheme seeks to utilize market mechanisms to discover higher prices to maximize returns. This method has merits because it enhances users’ operation processes and ensures the token holders’ balance.

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2022-10-01 12:40:14 Shemaroo becomes the first to open a cinema on Decentraland Metaverse

Shemaroo has introduced ‘Shemaroo Theatre’ in the Decentraland Metaverse. It will be accessible on one of the world’s most sought-after Metaverse platform, Decentraland, in partnership with Filmrare, a leading Metaverse Consulting & Development Company. This collaboration marks new beginnings for the global entertainment industry. Shemaroo Theatre will present the virtual visitors an all-new exciting screening experience along with a host of other movie experiences such as a plush lobby, box office counter, virtual trailer zones, along with popcorn and drinks counters for an immersive storytelling feel. The patrons will be treated to a Bollywood movie every Friday, starting 7th October 2022, which initially will be free for the users.

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2022-10-01 08:14:01 VeChain is set up for a $4 trillion metaverse market with ExoWorlds and other partnerships

As a blockchain platform designed to enhance supply chain management and business processes, VeChain has for the past few months sealed several high-profile partnership deals with industry-leading firms. According to a recent report, VeChain has been set up for the metaverse with the likes of ExoWorlds and other partnerships. VeChain is one of the leading blockchain platforms that are scalable enough to serve the $4 trillion market. The team behind the project has also launched “VeChainHasNFTs”, an all-inclusive community meant to advance the interest of the VNFT ecosystem. According to their latest report, there is a giveaway in the pipeline once their targeted milestone is achieved. VeChain recently sealed a partnership deal with the china-based subsidiary of Walmart to build a blockchain traceable platform on VeChainThor.

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