7 Essential Ingredients in a Metaverse, Around the World in 10,000 NFTs, Artrade Democratizing NFTs

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with the mobile at the center of art in play. S1922

7 essential ingredients in a metaverse

In many ways, the metaverse is just another name for developing 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 terms of property rights and new frontiers, interoperable, open and owned by the communities that build and maintain it. The second view – all too familiar to many today – is centralized, closed, subject to the whims of companies; and often extracts painful economic rents from its creators, contributors, and inhabitants.

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

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Around the world in 10,000 NFTs

It’s an IRL community project that hits 10,000 CryptoCitizens around the world in 10 different cities. Each CryptoCitizen is a member of 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 driven by art blocks.

Bright Moments is an art 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 be launched in 10 cities determined by the CryptoCitizen community. Sign up for DAO by purchasing or creating a CryptoCitizen. CryptoCitizens has 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 opens an official VR NFT gallery to democratize works of art. It is a partnership with the virtual reality company Sensorium and Humanity 2.0, the Vatican’s non-profit organization. While it is not clear if these Vatican NFTs could be available on the NFT market and make money ??, the goal is clear, use heritage! St. Peter’s Basilica and the Sistine Chapel are a few notable features of the metropolis. Artworks, 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

Crypto scams titled “Mint your Ferrari” tricked visitors into buying NFT tokens, mistakenly 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 carmaker has previously announced plans to launch NFTs in collaboration with technology company Velas.

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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 the resources are limited. Scarcity forces consumers to make decisions about how best to allocate resources to meet all basic needs and as many desires as possible. Scarcity acts in the free market by supply and demand, which can cause the price of a good or service to fluctuate over time when more or less of it is available. For example, natural resources such as 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 popularity online. The offer is limited to only one buyer. The less of something, the more people tend to want it 🙂

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Urban Legends Collection

The exclusive NFT art collection, Urban Legends, pays tribute to every urban tribe in history for continuing to wave the flag of freedom of 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 Urban Legends project begins with a collection of NFT art, to create avatars, spaces, services and experiences in the meta-verse. In addition to their original skins, Urban Legends will feature 3D skins that can be used in Metaverse, where all races, styles and freedom to be who we are will be represented by Urban Legends. Urban Legends arrived on May 7th. Like Urban Tribes, Urban Legends chose Solana as an alternative blockchain network that strongly claims its place.

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

South Korea’s Samsung Asset Management will attempt to launch the fund in the first half of 2022 on the Hong Kong Stock Exchange, the Korea Economic Daily reported on Thursday. The brand wants to list a blockchain ETF that is similar to Amplify’s BLOCK ETF. This is the first time that an Asia-based ETF of its kind, which includes crypto, will be listed in the region. The offering is expected to follow a basket of large blockchain technology companies.
The move triggered renewed ETF applications around the world, including the United States, which has not yet approved its first spot bitcoin fund due to the SEC’s cautious stance.

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OneFootball raises 300 million

The startup uses blockchain technology to “publish digital assets and fan-centric experiences. The 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 the NFT platform OurSong, raised $ 7.5 million in a financing round led by Infinity Ventures Crypto and Animoca Brands. Our Happy Company was founded by veteran entrepreneurs in the streaming and entertainment industry, 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 give creators, including musicians and artists, a fairer way to generate digital creations, monetize their work, and build communities around them.

While many platforms require complicated and expensive processes to create and own NFTs, OurSong offers a user-friendly mobile experience that makes NFT ownership and the accompanying social and digital benefits as simple as a few clicks on a phone. It is connected to the TTWallet wallet, which fully supports NFT activation management and is based on ThunderCore, which is a secure, high-performance and EVM-compatible public blockchain with its own native currency, TT. ThunderCore currently has an international user base spanning 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 offer a free and faster trading platform using proof-of-stake technology.

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1. interactive P2E game show on Twitch

If you listen to the NFT Morning podcast on the subject, you will discover the principle, which is relatively simple: 2 teams competing in various very varied games: Splashes against Cracks, all arbitrated by an animator rendered 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 to 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 starting your NFT project

Faced with the complex legal issues that NFTs raise, a law firm aims to gather in a single guide all the answers we can provide in the current situation. The guide will give any entrepreneur working within NFT the opportunity to understand in a simple and effective way the legal environment that applies to his project.

Artrade democratizing NFTs

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

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