https://t.me/nftsdefifinance

2022-10-20 21:31:03 Complete Metaverse Won’t Arrive Until 2029, Gartner Says

The Gartner equation for what makes a complete metaverse relies on three capabilities – transport, transform, and transact – VP and analyst Marty Resnick explained at this week’s Gartner IT Symposium 2022 in Orlando. But he said we won’t see metaverses that tick-off all three of those Ts until 2029. Transport is the metaverse capability most are familiar with, which enables users to “leave this physical world and engage in a virtual one,” Resnick said. Gartner considers metaverses with transport functions like gaming and professional work spaces to be in the emerging stage, and according to the analyst firm, many are already there. Advanced solutions that facilitate the transform piece of the metaverse.

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2022-10-19 22:45:06 Reddit Now Has More NFT Wallets Than the OpenSea Marketplace

A majority of Reddit Vault wallets were created just for NFT avatars. A total of 3 million wallets have now been created on the Reddit Vault. Reports are emerging that eight out of ten Reddit Vault wallets were created following the introduction of NFT avatars. The information was revealed during a TechCrunch Disrupt conference panel. Reddit chief product officer Pali Bhat was one member of the panel who said that over 3 million Redditors had used Reddit’s Vault wallet to create crypto wallets. Bhat also pointed out that 2.5 million of those wallets were created to purchase NFT avatars. What’s interesting is the fact that the market’s biggest NFT marketplace, OpenSea, only has 2.3 million active wallets. That means Reddit potentially has more active wallets than OpenSea.

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2022-10-18 22:05:04 Ripple’s XRPL to soon support NFTs

Ripple’s XRP Ledger could enable support for non-fungible tokens (NFTs) as early as Oct. 31, according to a tweet shared by Ripple’s vice president of corporate strategy and operations, Emi Yoshikawa. According to the tweet, the two weeks countdown to XLS 20 Amendment v1.9.2 began on Oct. 17. The XLS-20 is the proposal for creating native NFTs on the XRP Ledger. According to Ripple, the proposal seeks to make the creation of NFTs efficient on XRPL. At the same time, the proposal ensures that these new digital assets do not negatively affect the ledger’s performance. Ripple has announced the second wave of creators receiving funding from its $250 million Creators Fund for their web3 and NFT projects.

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2022-10-17 21:30:23 Quest Pro VR headset raises privacy concerns for Meta’s future in metaverse

Meta announced its latest VR headset, Quest Pro, which includes a new eye and facial movement tracker said to enhance digital avatar expressions and realism. The company introduced new features to enhance digital avatars, which raised privacy concerns regarding data collection. The Quest Pro is the latest piece of VR technology released by Meta as it continues its push into the Metaverse. It utilizes five cameras inside the headset, which are positioned to watch and track a person’s facial expressions and eye movements. In addition, it has five external cameras, which will be employed in the future to track other bodily movements to mimic real-world motions. According to Meta, they will accurately and uniquely reflect a user’s emotions and expressions in real-time.

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2022-10-16 21:40:07 Beeple Building Physical Studio to Bring NFTs Into the Real World

Mike “Beeple” Winkelmann made headlines last year with his record-breaking $69.3 million sale of NFT artwork at a Christie’s auction, and followed that up with a Time magazine cover and “The Tonight Show” appearances. Now he’s aiming to bring the NFT world to even more people by establishing a real-world studio that will host exhibitions. Today, Beeple shared a video showing the construction of his sizable new studio in Charleston, South Carolina, which appears to be set in an overhauled warehouse. In the video, we see the first steps as workers tear down walls and develop the space within the future Beeple Studios.

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2022-10-15 22:40:09 Dubai law conference hears ‘legitimate questions’ raised by metaverse

The Government of Dubai Legal Affairs Department held its third virtual law conference entitled ‘Legal Regulation of the Metaverse’ on Friday to discuss developing law practice and legislative requirements related to augmented virtual reality. It discussed mechanisms for dealing with the implications of the technological innovation in the legal sector. Dr Lowai Mohamed Belhoul, director-general of the Government of Dubai Legal Affairs Department, said the department is fully committed to being supportive of the government’s digital economy in line with the directives.

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2022-10-14 22:40:08 Magic Eden Losing Market Share as Solana NFT Traders Reject Royalties

The debate over NFT royalties is raging again, this time in the Solana NFT space—and marketplaces that eschew creator royalties are finding eager traders while capturing market share in a way that they haven’t yet in the larger Ethereum NFT community. And now the shifting tides of the Solana NFT market appear to have forced Magic Eden’s hand. Magic Eden has been the leading NFT marketplace on Solana over the last year, quickly commanding 90% or more of the market en route to a $1.6 billion valuation in June. But its grasp on the Solana market has been rapidly eroding in recent weeks as new and evolving rivals alike successfully draw away NFT traders with the allure of zero-royalty transactions.

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2022-10-12 21:30:14 OpenSea Adds Avalanche NFT Support

OpenSea has added NFTs from the Avalanche blockchain to its online marketplace, the company announced Tuesday. The marketplace—which saw roughly $350 million in Ethereum NFT volume traded last month—now supports NFTs from seven different blockchains: Ethereum, Polygon, Klaytn, Solana, Optimism, Arbitrum, and now Avalanche. Avalanche is an open-source network with the native token AVAX and three different blockchains, one of which is called the C-Chain. The C-Chain is optimized for Ethereum compatibility and smart contracts, which NFTs use (NFTs can exist on Avalanche’s C-Chain or X-Chain). According to CryptoSlam data, Avalanche saw $2.4 million in total NFT volume traded in September across roughly 25,000 transactions and just 4,488 buyers.

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2022-10-11 22:40:10 Multiverse Labs launches government-backed metaverse city in UAE

Multiple emirates in the UAE are looking to the metaverse to boost tourism in their respective regions. Sharjah now joins Dubai in broadening its Web3 ambitions. Artificial intelligence ecosystem Multiverse Labs has launched a new metaverse city in the United Arab Emirates (UAE), a move the emirate said could enhance the region’s tourism industry. The metaverse city is backed by the Sharjah Commerce and Tourism Development Authority, or SCTDA, which is the main government agency tasked with promoting the emirate’s tourism industry. SCTDA’s chairman, Khalid Jasim Al Midfa, said the new initiative is intended to transform “the mass market tourism industry towards next-generation, sustainable practices.

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2022-10-10 22:00:55 Solana Phantom security update NFTs push password-stealing malware

Hackers are airdropping NFTs to Solana cryptocurrency owners pretending to be alerts for a new Phantom security update that lead to the installation of password-stealing malware and the theft of cryptocurrency wallets. This ongoing attack started two weeks ago, with NFTs titled 'PHANTOMUPDATE.COM'. Phantom requires all users to update their wallets. This must be done as soon as possible," reads the warning in the fake Phantom update NFT. "Failing to do so, may result in loss of funds due to hackers exploiting the Solana network. Visit www.updatePhantom.com to get the latest security update.". When the batch file is launched, it will check if it is running with Administrator privileges and, if not, show a Windows UAC prompt asking for permissions.

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