7 Essential Ingredients of 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 conceivable 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 the evolution of the Internet: being more social, more immersive, and far more economically advanced than what exists today. There are broadly two competing visions of how to achieve this: one is decentralized, generous in property rights and new frontiers, 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 gains from its creators, collaborators and inhabitants.

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

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Around the world in 10,000 NFTs

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

Bright Moments is an arts organization owned and operated by holders of NFT CryptoCitizen. They are on a mission to educate, empower and connect communities around the world through unique and memorable experiences. Over the next two years, Bright Moments will be launched in 10 cities determined by the CryptoCitizen community. Join the DAO by buying 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 opens an official VR NFT gallery to democratize artworks. It is a collaboration with virtual reality company Sensorium and Humanity 2.0, the Vatican non-profit organization. While it is not clear whether these Vatican NFTs could be available in the NFT market and make money, the goal is clear, use heritage! St. Peter’s Basilica and the Sistine Chapel are some notable features in the metropolis. Artworks, statues and more can be seen in 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 has “introduced a collection of 4,458 horsepower NFTs on 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 linked to the cryptocurrency scam appears to have raised several hundred dollars before shutting down the hacked subdomain. What makes the scam particularly interesting is the fact that the luxury automaker previously announced plans to launch NFTs in partnership with tech firm Velas.

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Economic models based on scarcity

Scarcity in economics refers to when the demand for a resource exceeds the supply of that resource because the resources are limited. Scarcity forces consumers to make decisions about the best allocation of resources to meet all basic needs and as many wants as possible. Scarcity operates in the free market through supply and demand, allowing 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. In short, blockchain-enabled NFTs create digital scarcity. Without scarcity, real estate has no economic value. There are more and more NFTs that are rare and in demand due to their online popularity. Offer is limited to one buyer only. The less of something, the more people want it

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The 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 codes broke. And it is precisely these hairstyles, clothes, tattoos, expressions and accessories that are portrayed in urban legends.

The Urban Legends project begins with a collection of NFT art to create avatars, spaces, services, and experiences in the metaverse. In addition to their original 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 are represented by Urban Legends. Urban Legends arrived on May 7. Like the Urban Tribes, Urban Legends chose Solana, as an alternative blockchain network that is heavily claiming its space.

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

South Korea’s Samsung Asset Management will aim to launch the fund on the Hong Kong Stock Exchange in the first half of 2022, 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 has been listed in the region. The offering is expected to follow a basket of major blockchain technology companies.
The move sparked renewed ETF filings around the world, including the United States, which has yet to approve its first spot bitcoin fund, due to the SEC’s cautious stance.

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OneFootball raises 300 million

The startup is leveraging 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, investing 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, has raised $7.5 million in a funding round led by Infinity Ventures Crypto and Animoca Brands. Our Happy Company was founded by experienced entrepreneurs in the streaming and entertainment industry, including famed 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 nurture communities around them. to build.

While many platforms require complicated and expensive processes to create and own NFTs, OurSong offers an easy-to-use mobile experience that makes owning NFT and its associated social and digital benefits as simple as a few clicks on a phone. It is linked to the TTWallet wallet which fully supports NFT asset management and which is based on ThunderCore, a secure, high performance and EVM compliant 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 created by top designers. From art, fashion to music, we promote a shortlist of top creators and offer them the opportunity to list their digital artworks for sale as an ERC-721 non-fungible token. We provide a free and faster trading platform using proof-of-stake technology.

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1st Interactive P2E Game Show on Twitch

If you listen to the NFT Morning podcast on this topic, you will discover the principle that is relatively simple: 2 teams competing in different, very varied games: Splashes against Cracks, all settled by an animator reproduced in 3D and broadcast on twitch. Only viewers could enter and even win prizes at the end of each season (6 weeks) of the game, if they showcase one of the NFTs of one of the two teams. Every Sunday the game show is 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 associated with NFTs, a law firm aims to gather in a single guide all the answers we can provide as it stands. The guide enables any entrepreneur working in the field of NFT to understand in a simple and effective way the legal environment applicable to their project.

Artrade democratizes NFTs

it is the first web and mobile application that allows you to consult, consult, store, buy and create NFTs in the easiest way. While it is true that the electricity consumption attributed to NFTs is questionable on the Ethereum blockchain, their choices have led them to keep Solana to reduce this consumption and associated costs. In addition, it partners 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.

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