The metaverse technology, that creates hyper-realistic virtual ecosystems, is grabbing the attention from the manufacturing sector in the US. This detail has been disclosed in a recent report published by the World Economic Forum (WEF). The metaverse is poised to supercharge the upcoming phase of the industrial revolution, the report says. Compatible with cryptocurrencies and NFTs, the metaverse technology can provide virtual destinations for people to visit as avatars.
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NFTs | OpenSea | News
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Glenfiddich Distillery is releasing a rare 1985 cask bottling, with just 150 bottles estimated to be yielded from the cask. The whisky, which will be auctioned via NFT platform, BlockBar also comes with a VIP distillery experience and an overnight stay at a William Grant & Sons house on Glenfiddich’s estate. According to a brand press release, the lot is estimated at £750,000-£1,200,000.
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NFTs | OpenSea | News
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Cardano ($ADA) has recently introduced Plutus script validation of CIP25 metadata, a technical enhancement aimed at improving the functionality of NFTs and AMMs within its ecosystem. Sebastien Guillemot, Co-founder of Paima Studios, announced the new capability on X. This technical improvement addresses a previous limitation in accessing transaction metadata from Plutus, which had hindered the development of dynamic NFTs and AMMs.
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NFTs | OpenSea | News
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WOOFi, a decentralized cryptocurrency exchange (DEX) and sister to crypto exchange WOO X, is applying novel elements from the world of role-playing games (RPG) to decentralized finance (DeFi), using non-fungible tokens (NFTs) to boost yields generated by customers staking tokens on the platform. The world of DeFi, a hotbed of innovation several years ago, could probably use some fresh ideas.
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NFTs | OpenSea | News
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According to a report by DappRadar, the non-fungible tokens (NFT) market maintained its bullish trajectory in the second quarter of 2024. The firm recorded $4 billion in NFT trading volume, a 3.7% increase, and a 28% increase in NFT sales. CoinDesk's Jennifer Sanasie presents the "Chart of the Day."
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US immersive technology company Infinite Reality has acquired British metaverse startup Landvault for $450m (£352m). The all-stock deal will see London-headquartered Landvault’s employees join Infinite Reality. The deal will give Infinite Reality a foothold in the Middle East, with Landvault’s founder and CEO, Sam Huber, becoming global president of enterprise and CEO of MENA region at Infinite Reality.
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NFTs | OpenSea | News
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Unstoppable Domains, a key player in Web3 domains and digital identity solutions, has announced an integration with Pudgy Penguins, enabling users to access Pudgy World using their .pudgy domain names. The integration allows users to bypass traditional password-based logins, offering a more streamlined access that doesn’t rely on Web2 credentials. This approach not only enhances user privacy and autonomy but is meant to also fosters a sense of ownership in the Pudgy World experience.
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NFTs | OpenSea | News
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The 2024 Bitcoin halving event reduced the block reward to 3.125 Bitcoin. As a result, the supply of new BTC slowed down, and the profitability of mining companies plummeted. In a new report, Cointelegraph Research explores the current state of the mining ecosystem, including its economic conditions and technical developments. The report also covers new approaches to make Bitcoin (BTC) mining open to retail investors, including GoMining’s gamified Bitcoin mining using non-fungible tokens (NFTs).
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NFTs | OpenSea | News
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Securities litigation arising from the purchase or sale of digital products such as cryptocurrencies, nonfungible tokens (NFTs) and security tokens has proliferated in recent years. A gating question in these cases is whether the digital product purchased is a “security” subject to federal or state securities laws. The district court predicated this holding on allegations, accepted as true at the pleading stage, that DraftKings NFT sales reflected.
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The metaverse market is poised for significant growth, projected to expand by 575 percent and surpass $500 billion in value globally by 2030, a report revealed. This dramatic surge is fueled by a convergence of factors, including the widespread adoption of virtual reality (VR), augmented reality (AR), and mixed reality (MR) technologies across various sectors, according to AltIndex. The market, currently valued at $75 billion, is expected to grow by an average of $100 billion annually over the next six years.
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The metaverse is still happening, and it’s going to be big. Really. The global market is set to expand rapidly to $54.50 billion by 2028 from $17.5 billion in 2023, with a compound annual growth rate (CAGR) of 25.5%, per S&P Global. The company is hiring an executive to lead AI-metaverse integration; it plans to spend up to $40 billion on AI this year to enhance metaverse content and features, per Coingeek.
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MILC (Media Industry Licensing Content) is proud to announce the launch of its revamped website, featuring a fresh and modern design that promises a smoother, more informative, and faster user experience. After weeks of dedicated work, the MILC website now matches the high standards of its continually evolving suite of services.
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NFTs | OpenSea | News
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Transcosmos has announced the launch of its metaverse services on Roblox, one of the most popular metaverse platforms, in partnership with EbuAction. By combining its “trans-DX Service for Metaverse” with the metaverse development and design capabilities of BORDER, EbuAction’s metaverse production studio, transcosmos aims to provide enhanced creative and content production services.
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Tactical turn-based RPG Champions Tactics: Grimoria Chronicles, developed by Ubisoft, launches its free Champions NFT mint today at 18:00 UTC. The minting will start with holders of The Warlords NFTs, followed by the private and public mint on July 18 where each Warlord NFT holder can mint up to 5 Champions NFT per Warlord NFT owned, whilst other participants are limited to 3 Champions NFT per wallet.
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Open metaverse platform CIZ VERSE has announced the launch of its Bitcoin-powered platform. Set to go live in late July, CIZ VERSE will form a sprawling virtual environment replete with user-generated content that will extend the capabilities of the Bitcoin ecosystem.
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ApeCoin has announced the upcoming launch of the ApeChain testnet, named Curtis on today July 16. This milestone represents a significant advancement for ApeCoin, showcasing its ongoing efforts to expand and enhance its blockchain capabilities. Greg Solano, co-founder of Yuga Labs, shared insights on the launch in a recent blog post.
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Forwarded from Charts | Signals &Trading
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Gods Unchained Cards led CryptoSlam’s NFT sales board on Tuesday, with US$930,439. This surge in sales has significantly impacted Gods Unchained’s all-time sales volume, which now sits at the 16th spot, behind Bored Ape Kennel Club. In second place, Ethereum-based Autoglyphs recorded a total of US$858,764.77 in sales with only four transactions.
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NFTs | OpenSea | News
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Gods Unchained, a digital collectible card game, topped CryptoSlam’s non-fungible token (NFT) sales chart on Wednesday for the second consecutive day, though it recorded a drop from the previous day. The Immutable network, where Gods Unchained resides, recorded over US$806,000 in total sales on Wednesday, which was the fifth in the industry.
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NFTs | OpenSea | News
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