NFT & Crypto Updates

2023-09-19 10:02:59 NFT Combining (NFTC) Announces Project Launch

NFT Combining (NFTC), a real-world enterprise leveraging non-fungible tokens (NFTs) to provide employment opportunities and cash flow, has announced its project launch. NFTC encompasses two distinct concepts - social responsibility and commerce. For the former, NFTs are deployed to address significant humanitarian and environmental needs. And for the latter, they are used to create and manage businesses. NFT holders become collective owners. The introduction of this model will streamline the development of businesses, create employment opportunities, and guarantee increased cash flow. The central idea behind NFTC in the area of social responsibility is to contribute to activities such as reforestation, natural disasters, and food aid. These are done via tree sales using NFTs, preparation and disbursement of relief materials through NFTs, and food aid sale packages utilizing NFTs. According to the project team, this model will increase community participation, provide necessary assistance to those in need, and promote a spirit of social responsibility. In the field of commerce, NFTC aims to tokenize physical assets via NFTs and sell percentages to individuals. For example, if assets like cutleries, chairs, tables, kitchen equipment, etc., for a restaurant, are tokenized and sold to investors, the real-world business is launched.

@CryptoWorldICOs Open / Comment

2023-09-19 04:02:59 Galxe and FNCY of Metaverse World collaborate strategically

Galxe has announced its strategic partnership with FNCY of Metaverse World. The objective is to provide an epic experience to players, for which Galxe has said that it will be integrating the blockchain mainnet of its partner along with FNCY Wallet. FNCY of Metaverse World is a subsidiary of Netmarble F&C. The reason for choosing Netmarble is that it has been in the mobile gaming industry since 2000. Therefore, it possesses the necessary experience and abilities for the growth of both partners. Seo Woo-won, the Chief Executive Officer of Netmarble, has called Galxe the best partner in forming and expanding the Web3 community. They have also stated that Netmarble will now leverage the potential of this partnership to expand the community of FNCY and the blockchain ecosystem. Galxe has previously partnered with Polygon, Optimism, and Arbitrum, among others, to help them propel their growth. The list includes approximately 3,300 partners. Galxe has more than 12 million unique users at the time of this announcement. All the partnerships at Galxe are pointed in the direction of cultivating genuine connections between brands and citizens across the world. Brands here pertain to the ones that are into blockchain technologies.

NFTs | OpenSea | News Open / Comment

2023-09-18 21:02:59 Metaverse holds potential for transforming the eCommerce landscape: VOSMOS

By harnessing the power of virtual reality, companies can unlock new possibilities and pave the way for a more innovative and connected future. Hence, concepts like the metaverse and virtual events are emerging, according to VOSMOS, a tech start-up focused on the metaverse and virtual experiences. These platforms provide opportunities for brands to connect with their community of customers and engage them through immersive virtual experiences. Metaverse is making its impact felt in India's diverse sectors, from entertainment, gaming to education and automotive. In the retail sector, virtual stores have emerged as a tool to provide immersive product showcases and collect valuable customer data. This technology bridges the gap between physical retail and e-commerce, providing a unique and convenient shopping experience. Using augmented reality, IKEA showcases how its storage solutions can make clutter-free living a reality. The Swedish retailer has partnered with Snapchat to launch an augmented reality ‘escape room’. Point your camera at a blank space and a messy 3D room will pop up.

NFTs | OpenSea | News Open / Comment

2023-09-18 16:02:59 OKX NFT Trading Soars 114%, Overtakes Blur and OpenSea in DeFi Craze

OKX NFT Marketplace has demonstrated its prowess by recording an astonishing 114% surge in trading volume, reaching a staggering $11.54 million on September 16. The marketplace’s rapid ascent can be attributed to its strategic focus on aggregating liquidity from various exchanges. By providing a seamless and efficient platform for NFT trading, OKX has successfully attracted a significant influx of users seeking to capitalize on the booming NFT market. OKX NFT Marketplace apart is its ability to cater to the burgeoning community of DeFi enthusiasts, affectionately known as “Degen players.” With overall active addresses accounting for approximately 49.6% of Blur and 14.8% of OpenSea, OKX NFT Marketplace’s offerings have evidently struck a chord with this niche segment of the market. Its user-friendly interface and diverse range of NFT collections have solidified its reputation as a go-to destination for DeFi enthusiasts. A substantial 31.13% of the marketplace’s addresses belong to Power Users, further underlining the platform’s appeal to experienced NFT traders and collectors. This diverse user base fosters an environment of innovation and growth, ensuring that OKX NFT Marketplace remains a dynamic and influential player in the NFT space.

NFTs | OpenSea | News Open / Comment

2023-09-18 10:02:59 Bitcoin Metaverse Token Coming From Animoca Game Studio

Crypto gaming and metaverse investment giant Animoca Brands has unveiled plans this week through one of its subsidiary companies to launch a first-of-its-kind metaverse ecosystem token on Bitcoin via the Ordinals protocol. Game studio Darewise Entertainment (aka Life Beyond Studios), an Animoca subsidiary, aims to create an all-encompassing metaverse ecosystem built around Bitcoin Ordinals—a protocol that lets users inscribe NFT-like assets to the blockchain and create BRC-20 tokens on Bitcoin. The studio’s metaverse plan includes gaming, brand integrations, real-world experiences, and more. Darewise is the studio behind Life Beyond, an upcoming metaverse game with NFTs. It will be the first game to implement the newly announced Bitcoin-based metaverse token for in-game assets, virtual lands, and more. To create the upcoming Bitcoin token, Darewise will collaborate with Horizen Labs, the company that helped develop the smart contract and token strategy for ApeCoin (APE)—the Ethereum-based token tied to the Bored Ape Yacht Club NFT project. Life Beyond has previously released gaming NFTs on Ethereum scaling network Polygon. “I'm very excited for our Life Beyond Studios to be pioneering the use of Bitcoin Ordinals,” Animoca Brands CEO Robby Yung told Decrypt.

NFTs | OpenSea | News Open / Comment

2023-09-18 04:02:59 Karl Lagerfeld’s legacy goes phygital; Diesel NFT holders visit Milan Fashion Week

With fashion month in full swing, all eyes are on the physical runways. But there are plenty of activations taking place in the online world, too. Though big brands have significantly toned down their use of Web3-powered technologies this time, following a standout season for Web3 and blockchain in September last year, a small community of enthusiasts and experimentalists continues to push ahead with its tech vision on the sidelines. Meanwhile, Diesel is relying on traditional fashion week’s cultural influence to propel its latest project. With consumers demanding more than just a well-packaged item from luxury brands, the Italian retailer is expanding its horizons, and inviting its tokenholder community to attend the frontlines of its upcoming Milan Fashion Week runway. Experiential digital goods marketplace The Dematerialised launched the third product from its Karl Lagerfeld partnership, a phygital collection dubbed ‘POP Karl,’ created in collaboration with Venetian ceramics label Bosa Ceramiche and released on September 7. The drop included two limited-edition sculptures. Each arrived with its own non-fungible token (NFT), alongside 177 digital Karl proof of attendance protocols (POAPs).

NFTs | OpenSea | News Open / Comment

2023-09-17 21:44:48 Deloitte: Manufacturing Industry Expected to be Fundamentally Transformed by Industrial Metaverse

Deloitte and the Manufacturing Leadership Council (MLC), "Exploring the Industrial Metaverse," examines the opportunity for manufacturers to leverage next-gen technology by entering the industrial metaverse and its immersive three-dimensional virtual environments to spearhead ongoing transformation and improve operational efficiencies. Adoption of the industrial metaverse technologies could help manufacturers to build new markets and unlock measurable value. The outlook for continued adoption of industrial metaverse infrastructure appears strong. The report found nearly two-thirds of respondents believe the industrial metaverse will fundamentally transform how organizations do business, interact, collaborate, or have value-added virtual experiences over the next five years. Analysis of the anonymous survey results identified a cohort of respondents whose companies are already taking the lead in metaverse implementation. They are likely to have a higher number of metaverse use cases in play; are committing larger investments to their metaverse initiatives; and are more likely to look towards external partners to help deploy metaverse initiatives.

NFTs | OpenSea | News Open / Comment

2023-09-17 16:03:01 PUBG Creator Krafton Unveils 'Overdare' NFT Game With AI Creation Tools

South Korean game studio Krafton, maker of the popular battle royale shooter PUBG, announced Thursday that its upcoming NFT-driven metaverse game project will be called Overdare—and offered a first look at the creation-centric platform. Previously known as Project Migaloo, Overdare will soft-launch in December and fully release sometime between January and July 2024, Krafton said in a statement. The company has created its own blockchain, Settlus, for the game. Overdare appears to be a Roblox-like mobile game platform built with Epic Games’ Unreal Engine 5 that will offer creators generative artificial intelligence (AI) tools to help gamers craft their own shooter games, role-playing games (RPGs), and action RPGs, to name a few. The social game platform will also let users create custom avatars and chat with each other. The first official teaser trailer above suggests an open-world platform that lets users build games and environments using AI tools, play the wide array of user-generated games, attend virtual concerts, customize their avatars, and more. Earlier this year, Krafton announced the project as a joint venture between the studio and Naver Z, an augmented reality (AR) tech firm.

NFTs | OpenSea | News Open / Comment

2023-09-17 10:03:01 Nouns Fork: Disgruntled NFT Holders Exit With $27 Million From Treasury

The community of NFT holders in prominent Ethereum collection Nouns fractured into two late Friday when a proposed fork from the project was completed. Holders of more than half of all Nouns NFTs opted to leave—and collectively withdrew over $27 million worth of ETH from the project treasury in the process. The owners of 472 total Nouns NFTs—out of 846 in total, or almost 56% of the collection—joined the fork, and took almost 16,757 ETH ($27.3 million worth at present) with them from the current Nouns DAO treasury into a new DAO organization. A DAO, or decentralized autonomous organization, is an online group with tokenized membership and shared goals. Ultimately, the amount of Ethereum leaving the treasury divides down to approximately 35.5 ETH per NFT, or about $57,850. As a result of the fork, the owners’ original NFTs will be returned to the DAO treasury and each holder will be issued a replacement NFT with identical artwork for the new DAO. The new DAO will let holders “ragequit” and take their share of the treasury—that 35.5 ETH per NFT—and forfeit their profile picture (PFP) for good. The move signals a lack of confidence from many who bought into the current Nouns DAO format, which has seen millions of dollars worth of ETH spent since the project’s debut in 2021 to fund an array of Nouns-themed projects.

NFTs | OpenSea | News Open / Comment

2023-09-17 04:03:01 NFT Music Market Royal Founder 3LAU Withdraws From friend.tech, Donates ETH To Charity

3LAU, the renowned founder of the NFT music marketplace royal, has made a significant decision to withdraw from friend.tech. This announcement comes as a surprise to the crypto community, given 3LAU‘s prominent role in the NFT and blockchain space. Friend.tech, a blockchain-based project, had issued tokens known as KEY, which 3LAU held. At its peak, the maximum value of 3LAU’s KEY tokens on the platform was 0.36 ETH. However, recent market dynamics have seen the value decline significantly to 0.03 ETH. Despite this drop, there are still 20 holders retaining their KEY tokens. 3LAU’s decision to exit friend.tech and redirect his assets towards charitable endeavors underscores the importance of risk assessment and philanthropy within the cryptocurrency community. This move also highlights the dynamic nature of blockchain projects and the need for careful consideration when engaging with emerging platforms. The donation of 8 ETH to a NFT music-related charity reflects 3LAU’s ongoing commitment to the music industry’s growth and development, even as he navigates the evolving crypto landscape. As blockchain technology continues to influence various sectors, including music, 3LAU’s philanthropic gesture serves as a positive example of leveraging crypto wealth for social good.

NFTs | OpenSea | News Open / Comment