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7 Essential Components of the Metaverse, Around the World in 10,000 NFTs, Artrade Democratizes 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 forefront of the art in gaming. C1922

7 Essential Components of the Metaverse

In many ways, the metaverse is just another name for the evolution of the Internet: to be more social, immersive, and much more economically complex than what exists today. In general, there are two competing views on how to achieve this: one decentralized, generous with property rights and new borders, compatible, open and owned by the communities that create 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 residents.

The key parameter for comparing these two representations is open and closed, and the differences between them can be represented as follows:

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Around the world in 10,000 NFTs

This is an IRL community project reaching out to 10,000 crypto citizens worldwide in 10 different cities. Every CryptoCitizen is a DAO member and can vote on governance proposals to create an IRL experience and build the most diverse DAO in the world. CryptoCitizens are NFTs created with a generative art smart contract based on art blocks.

Bright Moments is an arts organization owned and operated by CryptoCitizen NFT holders. Their mission is 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 as determined by the CryptoCitizen community. Join the DAO by purchasing or creating CryptoCitizen. CryptoCitizens have voted for the next city on the Bright Moments roadmap. The next 1,000 CryptoCitizens will be minted in London this summer.

Vatican creates VR NFT gallery

The Vatican opens an official VR NFT gallery to democratize works of art. This is a partnership with virtual reality company Sensorium and Humanity 2.0, a Vatican non-profit organization. While it’s not clear if these Vatican NFTs can be made available on the NFT market and make a profit, the goal is clear – use the legacy! St. Peter’s Basilica and the Sistine Chapel are a few notable features of the metropolis. Artwork, statues and more can be seen at the historic site. In total, the Vatican Museum has more than 70,000 works. These include works of art by Leonardo da Vinci, Raphael and many others. The Vatican plans to present these works to people using NFTs.

Hack Ferrari

A cryptocurrency scam called “Mint Your Ferrari” tricked visitors into buying NFT tokens by falsely claiming that Ferrari had introduced a “4458 horsepower NFT kit on the Ethereum network.”

One of Ferrari’s subdomains was hacked yesterday to host a scam promoting a fake Ferrari NFT collection, researchers said. An Ethereum wallet linked to a cryptocurrency scam appeared to have raised several hundred dollars before the hacked subdomain was shut down. What makes the scam particularly interesting is the fact that the luxury car maker previously announced plans to launch NFT in partnership with tech company Velas.

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Economic models based on scarcity

Scarcity in an economy refers to when the demand for a resource exceeds the supply of that resource because resources are scarce. Scarcity forces consumers to make decisions about how best to allocate resources to satisfy all basic needs and as many desires as possible. Scarcity works in a free market through supply and demand, which can cause the price of a good or service to fluctuate over time as there are more or less of them. 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, command a high price due to their limited availability and market control. Essentially, blockchain-enabled NFTs create a digital scarcity. Without scarcity, property has no economic value. There are more and more NFTs that are rare and in high demand due to their popularity on the internet. Offer is limited to one buyer only. The less something, the more people want it 🙂

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Collection of urban legends

NFT’s exclusive art collection, Urban Legends, pays tribute to every urban tribe in history to continue to wave the flag of free speech, equality, eccentricity and respect for all people who expressed their rebellion with clothing that broke codes. And it is these hairstyles, clothes, tattoos, facial expressions and accessories that are depicted in urban legends.

The Urban Legends project begins with an NFT art collection to create avatars, spaces, services, and experiences in the metaverse. In addition to the original skins, Urban Legends will feature 3D skins that can be used in a metaverse where all races, styles and the freedom to be who we are will be featured in Urban Legends. Urban Legends came out on May 7th. Like Urban Tribes, Urban Legends has chosen Solana as an alternative blockchain network that has a strong claim to its place.

Samsung to list its blockchain-based 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 an ETF on the blockchain, which is very similar to the BLOK ETF from Amplify. This is the first time that an Asian ETF of its kind, including a cryptocurrency, will be listed in the region. The proposal is expected to follow a basket of large blockchain technology companies.

The move sparked new ETF filings around the world, including in the United States, which has yet to approve its first 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 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, parent company of NFT platform OurSong, has raised $7.5M 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 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 fairer way to create digital creations, monetize their work, and build communities around them.

While many platforms require complex and costly processes to create and own an NFT, OurSong offers an easy-to-use mobile experience that makes NFT ownership and the associated social and digital benefits as easy as a few clicks on your phone. It partners with TTWallet, which fully supports NFT asset management and runs on ThunderCore, which is a secure, high-performance, and EVM-compliant public blockchain with its own native TT currency. ThunderCore currently has an international user base that spans over 100 countries.

Fumigene Art Gallery at the Polygon

You can collect exclusive digital collectibles created by top designers. From art, fashion to music, we are promoting a list of top creators and offering them the opportunity to list their digital artwork for sale as a non-fungible ERC-721 token. We provide a free and fast 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 the subject, you’ll discover a principle that’s relatively simple: 2 teams competing in different very different games: Splashes vs Cracks, it’s all done by an animator, played in 3D and streamed on Twitch. Except that spectators could participate and even win prizes at the end of each season (6 weeks) of play if they submitted one of the NFTs of one of the two teams. According to the creators, every Sunday the game show will be new, with new mechanics and unexpected twists.

7 things to know when starting your NFT project

Faced with the complex legal issues that arise in connection with NFTs, the law firm seeks to gather in one guide all the answers we can give in the current state of affairs. The guide will enable any NFT entrepreneur to understand the legal environment applicable to their project in a simple and efficient way.

Artrade Democratizes NFTs

It is the first web and mobile app that allows you to consult, refer, store, buy and create NFTs in the easiest way possible. While it is true that NFT-related electricity consumption is questionable on the Ethereum blockchain, their choice led them to keep Solana to reduce that consumption and associated costs. In addition, he is working with ClimatePartner to confirm that all CO2 emissions caused by NFT mining on the platform have been offset by proven climate protection projects, making our NFTs carbon-neutral or climate-neutral.

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