7 essential ingredients of a metaverse, Around the world in 10,000 NFTs, Artrade democratizing NFTs – 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. S1922

7 Essential Ingredients of a Metaverse

In many ways, the metaverse is just another name for evolving the internet: to be more social, immersive, and far more economically sophisticated than what exists today. There are, broadly, two competing visions of how to achieve this: one is decentralized, generous in property rights and new boundaries, interoperable, open, and owned by the communities that build and maintain it. The other view — all too familiar to many today — is centralized, closed, subject to corporate whims; and often extracts painful economic rents from its creators, contributors and inhabitants.

The key dimension to compare these two views is open vs closed, and the differences between them can be conceptualized as follows:

Source

Around the world in 10,000 NFTs

It’s an IRL community project hitting 10,000 CryptoCitizens around the world in 10 different cities. Every CryptoCitizen is a member of the DAO and can vote on governance proposals to create IRL experiences and build the most diverse DAO in the world. CryptoCitizens are NFTs and are created via a generative art smart contract Powered by Art Blocks.

Bright Moments is an arts organization owned and operated by NFT CryptoCitizen holders. They are on a mission to educate, empower and connect communities around the world through unique and unforgettable experiences. Over the next two years, Bright Moments will launch in 10 cities determined by the CryptoCitizen community. Join the DAO by purchasing or creating a CryptoCitizen. CryptoCitizens have voted for the next Bright Moments roadmap city. The next 1,000 CryptoCitizens will be minted in London this summer.

The Vatican creates a VR NFT gallery

The Vatican is opening an official VR NFT gallery to democratize works of art. It’s a partnership with virtual reality company Sensorium and Humanity 2.0, the Vatican nonprofit. Although it is not clear if these Vatican NFTs could be available in the NFT market and make money??, the target is clear, use heritage! St. Peter’s Basilica and the Sistine Chapel are a few notable features inside the metropolis. Works of art, statues and more can be seen at the historic site. In total, there are more than 70,000 works in the Vatican Museum. These include works of art by Leonardo da Vinci, Raphael and many more. The Vatican plans to present these works to people using NFTs.

Ferrari hack

The crypto scam titled “Mint your Ferrari” tricked visitors into buying NFT tokens, falsely claiming that Ferrari introduced “a collection of 4,458 horsepower NFTs to the Ethereum network.”

One of Ferrari’s subdomains was hijacked yesterday to host a scam promoting a fake collection of Ferrari NFTs, researchers say. The Ethereum wallet associated with the cryptocurrency scam appears to have raised a few hundred dollars before the hacked subdomain was shut down. What makes the scam particularly interesting is the fact that the luxury automaker previously announced plans to launch NFTs in partnership with tech company Velas.

number of the week

Economic models based on scarcity

Scarcity in economics refers to when the demand for a resource is greater than the supply of that resource because resources are limited. Scarcity forces consumers to make decisions about how best to allocate resources to satisfy all basic needs and as many wants as possible. Scarcity works in the free market by supply and demand, which can cause the price of a good or service to fluctuate over time, when there is more or less of it available. For example, natural resources like gold, oil, silver and other fossil fuels are naturally scarce. When demand exceeds supply, these resources become scarce and prices can rise. Other commodities, such as diamonds, have a high price due to their limited availability and market control. Basically, blockchain-enabled NFTs create digital scarcity. Without scarcity, property has no economic value. There are more and more NFTs which are rare and in high demand due to their online popularity. Offer is limited to one purchaser only. The less of something, the more people tend to want it 🙂

Source

The Urban Legends Collection

The exclusive NFT art collection, Urban Legends, pays homage to every urban tribe in history to continue waving the flag of free speech, equality, eccentricity and respect for all. people who expressed their rebellion with a way of dressing that broke codes. And it is precisely these hairstyles, clothes, tattoos, expressions and accessories that are depicted in urban legends.

The project Urban Legends starts with a collection of NFT art, to create avatars, spaces, services and experiences in the metaverse. In addition to their initial skins, Urban Legends will feature 3D skins that can be used in the Metaverse, where all races, styles, and freedom to be who we are will be represented by Urban Legends. Urban Legends arrived on May 7. Like the Urban Tribes, Urban Legends chose Solana, as an alternative blockchain network that strongly claims its space.

Samsung will list its blockchain ETF on the Hong Kong Stock Exchange

South Korea’s Samsung Asset Management will try to launch the fund in the first half of 2022 on the Hong Kong Stock Exchange, the Korea Economic Daily reported Thursday. The brand wants to list a blockchain ETF that closely resembles Amplify’s BLOK ETF. This is the first time an Asia-based ETF of its kind that includes crypto will be listed in the region. The offering is expected to follow a basket of big blockchain tech companies.
The move sparked renewed ETF applications across the world, including the United States, which has yet to approve its first spot bitcoin fund, due to the SEC’s cautious stance.

Source

OneFootball raises 300 million

The startup uses blockchain technology to “publish digital assets and fan-centric experiences. Blockchain fund and incubator Liberty City Ventures led the round, with additional investments from Animoca Brands, Dapper Labs, DAH Beteiligungs GmbH, Quiet Capital, RIT Capital Partners, Senator Investment Group and Alsara Investment Group. The money will support the company’s expansion efforts, investments in Web3 companies and OneFootball Labs, a new joint venture with Animoca Brands and Liberty City Ventures

OurSong, mobile NFT platform

Our Happy Company, the parent company of NFT platform OurSong, raised $7.5 million in a funding round led by Infinity Ventures Crypto and Animoca Brands. Our Happy Company was founded by veteran entrepreneurs in the streaming and entertainment industries, including renowned musician and producer John Legend; KKBOX founder Chris Lin; and Twitch founder Kevin Lin. The company’s flagship product, OurSong, is a mobile NFT platform designed to provide creators, including musicians and artists, with a more equitable way to generate digital creations, monetize their work, and build communities around of them.

While many platforms require complicated and expensive processes for creating and owning NFTs, OurSong offers an easy-to-use mobile experience that makes NFT ownership, and the accompanying social and digital benefits, as simple as few clicks on a phone. It is associated with the TTWallet wallet which fully supports the management of NFT assets and which is based on ThunderCore which is a secure, high-performance, EVM-enabled public blockchain with its own native currency, TT. Currently, ThunderCore has an international user base that spans over 100 countries.

Fumigene art gallery on Polygon

you can collect exclusive digital collectibles made by top designers. From art, fashion to music, we promote a shortlist of top creators and offer them the opportunity to list their digital artwork for sale as an ERC-721 non-fungible token. We provide a free and faster trading platform using proof-of-stake technology.

Source

1st interactive P2E game show on Twitch

If you listen to the NFT Morning podcast on the topic you will discover the principle which is relatively simple: 2 teams which compete in different very varied games: Splashes versus Cracks, all refereed by an animator reproduced in 3D and broadcast on Twitch. Except that viewers could participate and even win prizes at the end of each season (6 weeks) of the game, if they present one of the NFTs of one of the two teams. Every Sunday the game show will be different, with new game mechanics with surprising twists according to the creators.

7 things to know when launching your NFT project

Faced with the complex legal issues posed by NFTs, a law firm aims to compile within a single guide, all the answers that we can provide in the current state of things. the guide will allow any entrepreneur working in the field of NFT to understand, in a simple and effective way, the legal environment applicable to his project.

Artrade democratizing NFTs

it is the first web and mobile application that allows you to consult, reference, store, buy and create NFTs in the simplest way. While it is true that the electricity consumption attributed to NFTs is questionable on the Ethereum blockchain, their choices led them to retain Solana in order to reduce this consumption and the associated costs. In addition, it works with ClimatePartner to certify that all CO2 emissions caused by the mining of NFTs on the platform have been offset by validated climate protection projects, making our NFTs carbon neutral or climate neutral.

Source

News



We would love to say thanks to the writer of this write-up for this outstanding material

7 essential ingredients of a metaverse, Around the world in 10,000 NFTs, Artrade democratizing NFTs – crypto watch


Check out our social media accounts as well as other pages that are related to them.https://metfabtech.com/related-pages/