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The beginning of 2022 saw both the crypto market cap and the non-fungible token (NFT) market reaching incredibly healthy status. Crypto reached a strong $2.5 trillion in value, and NFTs peaked after 2021’s exponential growth.As in previous crypto bull markets, new projects gained significant attention, which drove aggressive speculative investment; the Terra ecosystem being a prime example. Moreover, both retail and venture capitalists were heavily investing in what was fast becoming an overcrowded space. All this activity was taking place against a backdrop of a wider macroeconomic environment that felt unendingly strong, and with easy access to borrowing at low…
The Seoul Metropolitan Government has launched its Metaverse Seoul project, allowing residents of the South Korean capital city to access city services in a virtual environment.In a Jan. 16 press briefing, Seoul Mayor Oh Se-hoon announced the launch of the first phase of Metaverse Seoul following beta testing of the project. According to the mayor, the online environment will be a “place of communication for citizens” of the capital city, allowing them to virtually visit many of Seoul’s attractions, access official documents, file certain complaints, and receive answers to questions on filing municipal taxes.’메타버스 서울’ 내놓은 오세훈 “독자적 구축이 바람직”…
For each of the 14 museums will be a unique NFT painted in the style of one of the best pictures in its exhibition on a 3D model of the Borodyanskiy Rooster. It’s a digital copy of the famous ceramic piece, which is among the few objects that survived in the Russian occupation in March in a small town near Kyiv. It is already a symbol of the resilience of Ukrainians. And now it will also become a symbol of the nation’s unity. Due to the art language that can be understood without words.The 3D model’s surface replicates the paintings…
Decentral Games is launching 10,000 limited edition ICE Poker skins in partnership with CoinGecko.They will release the ICE Poker skins through the CoinGecko Candy Reward store on Monday, December 12.All CoinGecko ICE Poker skins, which allow users to play ICE Poker and enter Sit-n-Go tournaments for free, will be airdropped on Friday, December 16.In addition, players can wear this skin around the Decentraland metaverse and become the iconic CoinGecko Gecko.Bobby Ong, COO and co-founder of CoinGecko said: “Decentral Games’ ICE Poker is one of the leading play-to-earn metaverse games. We are honored to be a strategic partner, and for the…
As the World Economic Forum brings global leaders together to tackle global issues, a number of cryptocurrency and blockchain events will create a vibrant sideshow in the snowy ski destination in the Swiss Alps.Cointelegraph will be on the ground to cover the World Economic Forum (WEF) as well as a host of blockchain-focused events taking place. Key members from global governments, businesses and civil society converge on the town annually for the WEF conference, but cryptocurrency and blockchain events are beginning to make their mark during the exclusive event.The official WEF agenda for 2023 has made provision for cryptocurrency and…
NFT Despite the massive boom seen in the NFT industry, many still seem to be unconvinced about its future, which is why businesses who work towards AML compliance might have an edge later on. As nascent as this technology seems, it shows incredible promise, fast growing adoption rates, and ease of use. Accordingly, when those who are still caught up on conventional finance methods fully understand what NFTs can bring to the table, we might see widespread usage as integration into other industries will unfold. As a way of working towards that goal, NFT businesses should consider a move towards…
Despite the bullying that gamers inflict on traditional gaming companies dipping their toes into nonfungible tokens (NFTs), executives working within the NFT gaming industry are hopeful that more traditional gaming firms will jump into the space this year. From mainstream gaming companies jumping in, to the relevance of NFT gaming models like play-to-earn (P2E) and move-to-earn (M2E), various industry professionals shared their insights on NFT gaming trends in 2023. Traditional gaming studio adoption ranked second in factors affecting the advance of blockchain gaming. Source: BGA reportAleksander Larsen, the co-founder of Sky Mavis, the team behind the popular P2E game Axie Infinity, told…
NFT Disney, founded in 1923, is well known for its entertainment offerings like characters and theme parks. It was established collectively by Walt Disney and Roy Disney as an entertainment and media company. Little were they aware of the empire that it was going to become in the years to come. For instance, it later ventured into television shows, music, and books, not necessarily in the sequence of events. NFTs, short for non-fungible tokens, is something that has totally changed the game for Disney now. The company continues to celebrate its brilliance in storytelling and entertainment experience. Fortunately, that is…
Mandala Club is the latest private members’ club to issue NFT memberships. Holders of the digital collectibles will have access to incredible perks. The NFTs have real-world utility and are not for speculation purposes only. For the first edition of the NFTs, there are a total of 250 pieces selling on a first-come, first-served basis. Dubbed the Genesis Pass, each piece goes for S$15,000 ($11,180 USD) and 50 of these rare NFTs have already been snapped up.Speaking to reporters, Drew Mills, head of marketing at Mandala, notes that the NFTs offer insights into how Web3 technology builds communities and influences…
Multichain smart contract platform Astar Network has announced its partnership with the renowned artist Yoshitaka Amano for his debut NFT collection.The ‘Candy Girl’ NFT collection will feature 108 angels hand drawn by Amano, and will be released on the Astar blockchain.Furthermore, Astar also announced plans to build a Web3 entertainment site for the ‘Candy Girl’ collection, which will serve as a branch to new galleries, entertainment and designers.The ‘Candy Girl’ NFT collection marks the first representation of Amano’s iconic artwork on the blockchain.Sota Watanabe, founder and CEO of Astar Network said: “Without a doubt, Yoshitaka Amano is a legendary artist…
