Co-producer of an animated film with the NFTs, Minting-As-A-Service, Musical NFT Landscape – crypto watch

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with mobile at the center of Art in Gaming. S1822

Decipher the future

The metaverse as a concept has been around for a few decades. However, interest in the virtual world increased in late 2021 following an increase in NFT sales as well as announcements from Big Tech players indicating their interest and investment in the space. Today, the most popular way to experience the Metaverse is through a video game played on a virtual reality (VR) headset. But in the report that follows, we discuss the possibility of the Metaverse becoming the next iteration of the Internet, or Web3. This “open metaverse” would be community-owned, community-governed, and a freely interoperable version that would ensure privacy by design.

Users should increasingly be able to access a multitude of use cases, including commerce, art, media, advertising, healthcare, and social collaboration. A device-agnostic metaverse would be accessible through personal computers, game consoles, and smartphones, creating a vast ecosystem. Using this broad definition, the total addressable market for the Metaverse could be between $8 trillion and $13 trillion by 2030, with the total number of Metaverse users around five billion.

But to reach this market level, it will be necessary to invest in infrastructure. The Metaverse content streaming environment will likely require a computational efficiency improvement of more than 1000 times current levels. Investments will be needed in areas such as compute, storage, network infrastructure, consumer hardware and game development platforms. Interoperability and seamless exchange between the underlying blockchain technology is key to ensuring a frictionless user experience.

Finally, if the Metaverse is indeed the newest iteration of the Internet, it will likely attract greater scrutiny from regulators, policymakers, and global governments. Issues such as anti-money laundering rules for exchanges and wallets, the use of decentralized finance (DeFi), crypto assets, and property rights will all need to be resolved.


Become a co-producer of an animated film with NFTs

Each owner of one or more NFT PLUSH automatically becomes a co-producer of the film, this is the promise of the project PlushNFT. It will be produced and directed by Rooftop-Production and Karlab studios, two major players (35 years of experience) in the world of animation, whose teams have worked on the biggest hits of the past ten years. Members of the PLUSH community will also be able to influence the major themes of the film, through a voting system that will influence the original script. All owners of NFT PLUSH will receive a prorated 80% of the film’s worldwide box office profits.

According to them the potential is enormous! over the past 10 years, these types of films have averaged over $700 million at the box office. On this basis, an NFT Plush could generate, still on average, a capital gain of 667% in two years.

New concept, Quantum Skull

Generating Art on a real quantum computer, learning how to leverage the observation of atoms to achieve massive processing power. This processing power has the potential to be so powerful that it will likely break the blockchain’s cryptographic security, which is wonderfully ironic because the artwork is being put on the blockchain.

The work Quantum Skull was sold at Sotheby’s for $81,900

Interview with Michel Mauny, CEO Nomadic Labs and Arthur Breitman, Tezos

The NFT Market Q1 2022 by NonFungible

The NFT market experienced strong euphoria in 2021, mainly driven by the Collectibles segment. But at the end of the year, the various volumes began to fall and this trend continued in the first quarter of 2022. This is explained in particular by a rather complex geopolitical context, but not only. NonFungible produces 54 pages dedicated to NFT market analysis for the first quarter of 2022.

How the NFT market reacted to the war in Ukraine? One of the most significant events of this first quarter is the war in Ukraine. This is probably what marked the biggest drag on the industry as can be seen on this Google Trends search chart. With media oversaturation on the subject towards the end of the year, it was only natural that interest would drop. Another important factor is the Fed’s announcements at the start of the year regarding the slowdown in “anti-covid” financial measures.

Overall, the indicators are bearish. a decline in NFT sales volume was to be expected due to the saturation of the collectibles market. Many projects, such as Profile Picture (PFP) with a supply of 10,000 assets have declined sharply to make way for projects with fewer offers. However, this drop in sales volume is accompanied by a much smaller drop in the volume of dollars traded (a drop of only 5%).

With almost $8 billion traded in the first quarter of 2022, the market cannot really be considered to have collapsed. We observe a stabilization of the NFT market, in line with the last quarter of 2021.

However, two indicators are on the rise:

  • The number of smart contracts increased by 10.46%, from 1,271 in Q4 2021 to 1,404 in Q1 2022
  • The average price of non-fungible tokens increased by 80%, from $587 in Q4 2021 to $1,057 in Q1 2022


The NFT Market Q1 2022 by Coinbase

Despite the market slowdown, the first quarter was another very active quarter for venture capital funding. According to data from The Block, the first quarter of 2022 saw a record $12.5 billion in venture capital funding. A figure that has increased for seven consecutive quarters. Coinbase Ventures was also busy, closing 71 new deals in the first quarter. This is facilitated by the low start-up costs that crypto and Web3 businesses enjoy through open source code and the ability to start or self-fund through token issuance.

Coinbase invests in over 300 teams that build from Layer 1 protocols, Web3 infrastructure, centralized on-ramps, decentralized finance, NFTs, metaverse technologies, developer tools, and more.

On the infrastructure side, we’re seeing a ton of activity in cross-chain solutions and DAO tools. Polkadot is gaining momentum, with parachains live, Polkadot is now able to host user applications. Ecosystems outside of BTC/ETH have exploded, and there are now more 10 channels hosting over $1 billion in value.

NFT projects aim to bring more utility to the space, with Yuga Labs making some serious waves in the quarter. While NFT activity in 2021 centered around simple buying and selling, the next wave of projects is creating utility around NFTs. Platforms like Cymbal aim to bring more community and social features around NFT ownership.

The rise of Axie Infinity has attracted successful traditional game developers to integrate into Web3, with Southeast Asia becoming a hotbed of activity.

Amazing Yuga Labs

Yuga Labs, the startup behind the $4 billion Bored Ape Yacht Club (BAYC), has launched the 1st phase of its future Otherside metaverse. In less than 24 hours, Yuga Labs generated over $561 million from Otherside’s “Otherdeed” NFT sales alone. NFT is the key to claiming land in Otherside, the next metaverse game from Yuga Labs. Some 55,000 NFTs have been minted which means that each Otherdeed costs around $5,800 considering the price of Apecoin (around $19) at the time of the mint. Otherdeed has already seen over $242 million in total secondary volume traded.


Sale of VIP passes

Investing in the Web3/Blockchain Space

New crypto and blockchain technologies received over $25 billion in VC funding in 2021. That’s up 713% from $3.1 billion in 2020 (according to CB Insights). And that accounted for 4% of all global venture capital dollars (compared to 1% in 2020).

Funding for NFT companies alone jumped to $4.8 billion in 2021 (from $37 million in 2020). During this time, there were 240 DeFi transactions (almost doubling the number compared to 2020). Coinbase Ventures was the first investor in 2021 (with 68 investments), followed closely by AU21 Capital (with 51 investments) and Andreessen Horowitz (with 48 investments).

Rarify offers an NFT API

Rarify removes the biggest hurdles companies face when introducing NFTs into their existing products. Rarify is intended to offer an application programming interface (API) platform that allows companies to build, manage and scale NFT products with simple integration.

The startup currently offers commerce API infrastructure for marketplaces and apps to build end-to-end NFT experiences.

MoonPay builds Minting-As-A-Service

MoonPay is hiring a number of engineers for its new HyperMint service, a platform that will bill like Amazon Web Services for NFTs, as the company adds more product lines to its core payment offering. HyperMint’s early customers include high-end fashion houses and record labels. The company also recently partnered with OpenSea to roll out direct card payments to simplify the process of acquiring an NFT for those who don’t own crypto. In October 2021, the company raised $400 million in a round that saw its valuation assessed at $3.4 billion.


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We wish to thank the author of this write-up for this incredible material

Co-producer of an animated film with the NFTs, Minting-As-A-Service, Musical NFT Landscape – crypto watch

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