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2022-10-30 23:01:29 The Top 5 NFT Marketplaces Surpass $40 Billion in All-Time Sales

While non-fungible token (NFT) sales have slipped since the start of the year, the top five marketplaces, in terms of the largest number of all-time sales, have reached more than $40 billion. Moreover, the NFT marketplace platform Opensea captured over $32 billion worth of sales as the NFT market platform currently dominates the top five NFT marketplaces by 79%. During the month of October, the top five NFT marketplaces surpassed the $40 billion mark, in terms of all-time sales, with approximately $41.36 billion on Oct. 29, 2022. The largest NFT marketplace in terms of sales was Opensea as it nears the $33 billion range with $32.76 billion recorded on Saturday.

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2022-10-29 22:40:08 Interpol says the metaverse could open up a whole new world of crime

The metaverse could be used not just to facilitate crime in the physical realm, but could also be used for various other dangerous forms of cybercrime, as well, a new warning from Interpol has warned. Interpol’s executive director for technology and innovation, Madan Oberoi, explained that member countries are growing. One of the most popular fraud methods - phishing - could take on a whole new meaning when virtual reality and augmented reality are thrown into the mix, Oberoi stated. What’s more, the question of child safety cannot be understated.

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2022-10-28 22:50:01 McCain Foods wants young consumers to farm its metaverse potatoes

Frozen food conglomerate McCain Foods wants young consumers to farm its metaverse potatoes in a new game on Roblox. The world’s largest manufacturer of prepared potato products is hoping to educate them about challenges facing the farming community and the benefits of regenerative farming, it said in a release. Integrated into Roblox’s popular Livetopia game, Farms of the Future allows players to virtually grow potatoes using regenerative farming methods that improve and restore soil health. The free-to-play game will launch today. Players are rewarded when they apply regenerative practices such as planting cover crops, integrating livestock through rotational grazing and encouraging biodiversity.

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2022-10-27 22:50:05 Norway Steps Into the Metaverse With Decentraland Tax Office

The Norwegian government is taking steps to embrace Web3 with the establishment of a metaverse tax office.At the Nokios conference on Wednesday, the Brønnøysund, Norway’s central register, and Skatteetaten, the nation’s tax authority, announced that they’re partnering with consulting firm Ernst and Young (EY) to establish an office in Decentraland. The goal of the initiative, according to Nokios, is to deliver services to younger, tech-native individuals while establishing their Web3 footprint.Magnus Jones, Nordic blockchain lead at EY, wrote in a LinkedIn post on Tuesday that he hopes the partnership with Norwegian authorities will help spearhead education in the crypto space by teaching users about taxes related to decentralized finance (DeFi) and non-fungible tokens (NFT).

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2022-10-26 22:50:00 Microsoft Working to Bridge Its Services With the Metaverse

Microsoft, the software and computing behemoth, is seeking to adapt part of its software service stack to the metaverse. Ihsan Anabtawi, CMO of Microsoft UAE, declared that the company was working to make its cloud division compatible with metaverse experiences, and to allow companies to use the data obtained as resources for their specific applications. Microsoft, one of the biggest software companies in the world, is one of the companies that considers the metaverse part of a digital future for consumers as well as for institutions. As part of this focus, Microsoft UAE CMO Ihsan Anabtawi commented on the plans of the company and its considerations regarding the metaverse. This new tool must be treated as a natural occurrence that comes.

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2022-10-25 22:50:00 Zuckerberg’s $100B metaverse gamble is ‘super-sized and terrifying’ — Shareholder

A shareholder’s open letter to Meta CEO Mark Zuckerberg has labeled the tech giant’s investment into the Metaverse as “super-sized and terrifying.” The shareholder has urged the company to scale down its investment in the metaverse and its related technology arm amid a significant fall in its stock price over the last 18 months. The open letter was published on Oct. 24 and was directed at Zuckerberg and the board of directors. It was authored by Brad Gerstner, CEO and founder of technology investment firm Altimeter Capital, which owns roughly a 0.11% share in Meta, according to Hedge Follow.

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2022-10-24 22:49:01 Lamborghini Unleashes Its Metaverse World Tour-themed NFTs

The luxurious car manufacturer Automobili Lamborghini has announced plans to launch its tour-themed NFT collections this week. The new Lamborghini NFTs will offer users an exclusive metaverse road trip experience across various global destinations.In an October 21 blog post, the luxurious car manufacturer confirmed ready plans to launch its new world tour-themed NFTs. Lamborghini has teamed up with global live brand storytelling agency INVNT to launch the new tour-themed NFTs. The luxury carmaker anticipates using these NFTs to celebrate its 59-year innovative journey since its inception in 1963. The new Lamborghini NFTs will offer collectors a unique metaverse journey experience across New York, Japan, and Dubai and an exclusive tour of its iconic headquarters in Italy.

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2022-10-23 21:59:59 While Overall NFT Transactions and Buyers Are Down, NFT Sales Jumped 2% Higher Than Last Week

During the last week, non-fungible token (NFT) sales volume has managed to climb 1.9% higher than the week prior with $85 million in NFT sales in seven days. However, the number of NFT buyers slid by 12.63%, and the number of NFT transactions is down 19.19% on October 23, 2022. While NFT sales are a lot lower than they were a few months ago, this past week with $85,068,480 in sales volume according to cryptoslam.io, NFT sales are up 1.9%. The top collection this week selling the most NFTs stemmed from Sorare as the Ethereum-based project saw $8.5 million in sales. Bored Ape Yacht Club (BAYC) reigned in the second position in terms of seven-day sales, raking in $6.69 million.

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2022-10-22 23:20:11 Solana Could Get Enforceable NFT Royalties Via New Metaplex Standard

Creator royalties have largely fallen out of favor in the Solana NFT space lately, as top marketplace Magic Eden made paying them optional last week after royalties-shunning rivals snatched away market share. Now Metaplex, the creator of Solana’s NFT standard, says it is developing a new standard that can enforce royalty payments across the board. Metaplex announced the news on Thursday night amid the ongoing debate around creator royalties, saying it is “building a new asset class that will enable creators to enforce royalties at the protocol level.”. And while this has largely upset project creators that depend on those fees for revenue, NFT royalties are not currently enforceable with the current Solana standard.

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2022-10-21 22:40:00 Nike, BAYC biggest winners as NFT royalties generated $1.8 billion, Galaxy says

A report from the research arm of Galaxy Digital, a digital asset-focused financial services firm, laid out data showing that, while NFT royalties benefit small artists, the main beneficiaries are top NFT projects like Bored Ape Yacht Club and corporations like Nike. Royalties for Ethereum-based NFT projects earned a total of $1.8 billion in revenue. The top 10 NFT projects netted $489 million, or 27% of all royalties earned. Yuga Labs, with its Bored Ape, Mutant Ape and Otherside projects, brought in $147.6 million in royalties, followed by Art Blocks with $82 million. Adidas was next, raking in $4.7 million in royalties, with Gucci’s royalties seeing $1.6 million.

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