non-fungible token

Bitcoin has decreased over the past week by 0.9%, ending it at around $38,700. Yesterday, the decline continued, bringing the price to 38500. Ethereum lost 0.7% in 24 hours and added 1.5% in a week. Other leading altcoins from the top ten show mixed dynamics over 24 hours: from a decline of 3.8% (XRP) to a rise of 3.3% (Terra). According to CoinMarketCap, the total capitalization of the crypto market decreased by 14% in 24 hours, to $1.72 trillion. The Bitcoin Dominance Index fell 0.1% to 42.4%. The FxPro Analyst Team emphasized that the Cryptocurrency fear and greed index added 2 points in a day to 23 and remains in "extreme fear" condition. In the first half of the past week, the first cryptocurrency tried to strengthen, testing five-day highs near $42,600. Later, BTC lost all gains, again being thrown back to support near $38,000. Pressure on all risky assets continues to be exerted due to the situation in Ukraine. One of the Apple founders, Steve Wozniak, said that bitcoin would reach $100,000, which will be facilitated by the general interest in cryptocurrency. At the same time, he has a negative attitude towards altcoins and non-fungible tokens (NFTs). The US Securities and Exchange Commission (SEC) has again rejected applications from the NYSE Arca and Cboe BZX Exchanges to create spot bitcoin ETFs due to non-compliance with US exchange law. El Salvador has announced that it will postpone the issuance of bonds in bitcoins in connection with the events in Eastern Europe. The received funds were planned to be used for the construction of the "Bitcoin City". Visiting the UAE, Russians massively sell cryptocurrency for billions of dollars. Earlier, FBI Director Christopher Wray emphasized that the United States has vast experience in tracking cryptocurrencies, and Russia will not be able to use them to circumvent sanctions.  

Blockchain gaming exploded in 2021, turning into a distinct sector of the gaming industry. The digital land market exploded in 2021, causing an influx of players to the metaverse. Play-to-earn RPGs such as Axie Infinity attract large user bases in countries where earnings can exceed the minimum wage. NFTs and Layer 2 solutions like Immutable X may be forming a symbiotic relationship with games, attracting vice versa users. The blockchain gaming space has experienced massive growth in 2021 and emerged as a distinct sector of the gaming industry. The rise of the digital land market in 2021 is a good example of this, causing an influx of players to metaverse titles such as Decentraland and The Sandbox, with the latter rapidly outpacing its older rival in terms of LAND holders. In this report, we take a look at the current trends in the blockchain gaming userbase, to get a feel for how the new sector is shaping up in contrast to the traditional gaming sector.  We conclude that the explosive development of GameFi lies not only in the number of games on the market but in the number of players investing their time and money in them, and suggest that this sector is beginning to come together in earnest.  Read the full report: Cybernauts and Role-Players Blockchain Gamers by Genre Source: crypto.com

Imagine all the people… living life in the Metaverse. Once we immerse ourselves in the digital sphere, gold may go out of fashion. Or maybe not?Do you already have your avatar? If not, maybe you should consider creating one, as the Metaverse is coming! What is the Metaverse? It is a digital, three-dimensional world where people are represented by avatars, a network of 3D virtual worlds focused on social connection, the next evolution of the internet, “extended reality,” and the latest buzzword in the marketplace since Facebook changed its name to Meta. If you still have no idea what I’m talking about, you can watch this or just Spielberg’s Ready Player One.The idea of personalities being uploaded online is an intriguing concept, isn’t it? In this vision, people meet with others, play, and simply hang out in a digital world. Imagine friends turning group chats on Messenger or WhatsApp into group meetups in the Metaverse of family gatherings in virtual homes. Ultimately, people will probably be doing pretty much everything there, except eating, sleeping, and using the restroom.Sounds scary? For people in their 30s and older who were fascinated by The Matrix, it does. However, this is really happening. The augmented reality technology market is expected to grow from $47 billion in 2019 to $1.5 trillion in 2030, mainly thanks to the development of the Metaverse. China’s virtual goods and services market is expected to be worth almost $250 billion this year and $370 billion in the next four years.In a sense, it had to happen as the next phase of the digital revolution. You see, we now experience much of life on the two-dimensional screens of our laptops and smartphones. The Metaverse moves us from a flat and boring 2D to a 3D virtual universe, where we can visualize and experience things with a more natural user interface. Let’s take shopping as an example. Instead of purchasing items on Amazon, customers could enter a virtual shop, see and touch all products in 3D, and buy whatever they wanted (actually, Walmart launched its own 3D shopping experience in 2018).OK, we get the idea, but why does Metaverse matter, putting aside sociological or philosophical issues related to transferring our minds into the digital world? Well, it might strongly affect every aspect of business and life, just as the internet did earlier. Here are a couple of examples. Famous brands, like Dolce & Gabbana, are designing clothes and jewelry for the digital world. Some artists are giving concerts in virtual reality. You could also visit some museums virtually, and instead of taking a business trip, you can digitally teleport to remote locations to meet with your co-workers’ avatars.Finally, what does the Metaverse imply for the gold market? Well, it’s difficult to grasp all the possible implications right now. However, the main threat is clear: as people immerse deeper and deeper into the digital world, gold could become obsolete for many users. Please note that cryptocurrencies and non-fungible tokens (NFTs) are and will continue to be widely used as payment methods in the Metaverse.However, there are some caveats here. First, the invention and spread of the internet didn’t sink gold. Actually, the internet enabled gold to be widely traded by investors all over the world. Just take a look at the chart below. Although gold was in a bear market in the 1990s and struggled during the dot-com bubble, it rallied after the bubble burst.Second, the digital world didn’t kill the analog reality. Despite digital streaming of music, vinyl record sales soared last year, reaching a record high in a few decades. The development of the Metaverse could trigger a similar backlash and a return to tangible goods like gold.Third, some segments of the Metaverse look like bubbles. Maybe I’m just too old, but why the heck would anybody spend hundreds of thousands, or even millions of dollars to buy items in the virtual world? These items include virtual real estates (CNBC says that sales of real estate in the metaverse topped $500 million last year and could double this year), digital pieces of art or even tweets (yup, the founder of Twitter sold the first tweet ever for just under $3 million)! It does not make any sense to me, as I can right-click and download a copy of the same digital files (like a PNG file of a grey pet rock) for which people pay thousands and millions of dollars.Of course, certain items could increase the utility of the game or virtual experience, but my bet is that at least some buyers simply speculate on prices, expecting that they will be able to resell these items to greater fools. When this digital gold rush ends – and given the Fed’s tightening cycle, it may happen in the not-so-distant future – real gold could laugh last.Thank you for reading today’s free analysis. We hope you enjoyed it. If so, we would like to invite you to sign up for our free gold newsletter. Once you sign up, you’ll also get 7-day no-obligation trial of all our premium gold services, including our Gold & Silver Trading Alerts. Sign up today!Arkadiusz Sieron, PhDSunshine Profits: Effective Investment through Diligence & Care.

TL;DR GameFi refers to play-to-earn blockchain games that offer economic incentives to players. Typically, players can earn cryptocurrency and NFT rewards by completing tasks, battling other players, and progressing through the different game levels. Unlike traditional video games, most blockchain games let players transfer the gaming items out of the game’s virtual world. This allows players to trade their items on NFT marketplaces and their crypto earnings on crypto exchanges.   Introduction GameFi has been rapidly taking over the traditional gaming industry since the rise of Axie Infinity. It attracts gamers by offering them an opportunity to make money while having fun. What is GameFi, and how is it different from the video games we’re familiar with?   Learn more on Binance.com   What is GameFi? GameFi is a fusion of the words game and finance. It refers to play-to-earn blockchain games that offer economic incentives to players. The GameFi ecosystem uses cryptocurrencies, non-fungible tokens (NFTs), and blockchain technology to create a virtual gaming environment. Typically, players can earn in-game rewards by completing tasks, battling other players, and progressing through the different game levels. They can also transfer their assets outside of the game to trade on crypto exchanges and NFT marketplaces.   How does GameFi work? In GameFi, the reward can come in different forms, such as cryptocurrencies or in-game assets like virtual land, avatars, weapons, and costumes. Each GameFi project will adopt a different model and game economy. In most cases, the in-game assets are NFTs running on the blockchain, meaning they can be traded on NFT marketplaces. In other cases, however, the in-game assets need to be converted into an NFT before players can trade or sell them. Typically, the in-game assets will provide certain benefits to the players, allowing them to make more rewards. But, some games also feature avatars and cosmetics that are purely visual and have no impact on the gameplay and earnings. Depending on the game, players can earn rewards by completing tasks, battling with other players, or building monetized structures on their plot of land. Some games also let players generate passive income without playing the game, either through staking or by lending their gaming assets to other players. Let’s take a look at some of the common features in GameFi.   Play-to-earn model (P2E) At the core of GameFi projects, we have play-to-earn (P2E) as a revolutionary gaming mode. It’s quite different from the pay-to-play model adopted by traditional video games. Pay-to-play requires gamers to invest before they can start playing. For example, video games like Call of Duty need players to purchase licenses or recurring subscriptions. In most cases, traditional video games won’t generate any financial returns to players, and their in-game assets are controlled and held by the gaming company. In contrast, P2E games can give players full control over their in-game assets while also offering opportunities for them to make money. However, keep in mind that it all depends on the model and game design adopted by the GameFi projects. Blockchain technology can (and should) give players full control over their in-game assets, but that’s not always the case. Make sure you understand how the game works and who is behind the project before getting into a P2E game. Another thing to note is that P2E games can be free-to-play and still generate financial rewards to players, but some GameFi projects require you to purchase NFTs or cryptoassets before you can play. As such, it’s always important to DYOR and evaluate the risks. If a P2E game requires a big investment to start and the rewards are small, you are more likely to lose your initial investment. One of the most popular play-to-earn games is Axie Infinity. It’s an Ethereum-based NFT game that has been growing in popularity since 2018. Gamers can use their NFT pets (Axies) to earn SLP tokens by completing daily quests and battling other players.  They can also get AXS rewards if they manage to achieve a certain PvP rank. In addition, AXS and SLP can be used to breed new Axies, which can be used in-game or traded in their official NFT marketplace. Apart from buying and selling Axies, players can lend their Axies to other players, which gives owners an opportunity to earn without playing the game. This lending model is known as scholarship. It allows scholars to use the borrowed Axies to play and earn rewards.  In other words, Axie owners can make a passive income while scholars can play the game without making any investment. The earned rewards are then split between scholars and Axies owners.   Digital asset ownership As we’ve discussed, blockchain technology allows for digital asset ownership, meaning that players can monetize their in-game assets in many different ways. Similar to video games, players can own avatars, pets, houses, weapons, tools, and much more. But in GameFi, these assets can be issued or created as NFTs in the blockchain (also known as NFT minting). This allows players to have full control over their assets, with authenticity and verifiable ownership. Some popular metaverse games, such as Decentraland and The Sandbox, focus on the concept of land ownership. They allow players to monetize their virtual land. In The Sandbox, gamers can purchase digital pieces of real estate and develop them to generate revenue. For instance, they can charge other players visiting their land, earn token rewards by hosting content and events, or rent their customized land to other players.   DeFi applications Some GameFi projects also offer DeFi products and features, such as staking, liquidity mining, and yield farming. Typically, players can stake their in-game tokens to earn rewards, unlock exclusive items, or access new gaming levels. Introducing DeFi elements can also make crypto gaming more decentralized. Unlike traditional game studios that centralized control over their game updates, some GameFi projects allow the community to participate in their decision-making process. They can propose and vote for future updates via decentralized autonomous organizations (DAOs). For example, Decentraland players can vote on in-game and organizational policies by locking their governance tokens (MANA) in the DAO. The more tokens they lock, the higher their voting power. This allows gamers to communicate directly with game developers and influence the development of the game.   Are video games considered GameFi?  Traditional video game players can also earn in-game currency and collect digital assets to upgrade their characters. Still, these tokens and items can’t (or aren’t supposed to) be traded outside of the game. In most cases, they don’t even carry any value beyond the scope of the game. Even when they do, players are often prohibited from monetizing or trading their assets in the real world. In blockchain games, the in-game tokens and assets are usually cryptocurrencies and NFTs. There are some blockchain games that use virtual tokens rather than crypto or NFTs, but players should still be able to convert their in-game assets into NFTs if they wish. This means that gamers can transfer their earnings to crypto wallets and trade their assets on crypto exchanges or NFT marketplaces. They can then convert their crypto profits into fiat money too.   How to get started with GameFi games? There are thousands of blockchain games in the market, and they each work differently. Be careful with scam projects and fake websites. Connecting your wallet or downloading games from random websites can be dangerous. Ideally, you should create a new crypto wallet specifically for this purpose and only use funds you can afford to lose. If you are confident the game you found is safe, follow these steps to get started.   1. Create a crypto wallet To access the GameFi world, you need a compatible cryptocurrency wallet, such as Trust Wallet or MetaMask. Depending on the game you’re playing, you might need to use different wallets or connect to different blockchain networks. For example, if you want to play blockchain games on the BNB Smart Chain (former Binance Smart Chain), you will need to connect your MetaMask to the BSC network first. You can also use Trust Wallet or any other supported crypto wallet. Check the game’s official website to find out the ones they support. You can also connect your crypto wallet to the Ethereum blockchain and access most games running on the Ethereum network. Still, some games like Axie Infinity and Gods Unchained will build their own wallet to reduce costs and improve performance. Axie Infinity is built on Ethereum, but their team developed the Ronin network as a sidechain. As such, you need to use the official Ronin Wallet to interact with the Axie Infinity ecosystem. As a sidechain, the Ronin network makes it much cheaper to trade and breed Axies, reducing the costs of playing.   2. Connect your wallet to the game To play a blockchain game, you will need to connect your wallet. Make sure you are connecting to their official website and not a fake copy. Head over to the game’s website and look for the option to connect your crypto wallet. Unlike traditional online games that require you to set up a username and password, most blockchain games use your crypto wallet as a gaming account, so you will likely be asked to sign a message on your wallet before you can connect to the game.   3. Check the requirements to play  Most GameFi projects will require you to purchase their cryptocurrency token or in-game NFTs to get started. The requirements vary from game to game, but you should always consider the earning potential and overall risks. Make sure to estimate how long it might take to get your initial investment back and start making profits. If you want to play Axie Infinity, you need 3 Axies in your game wallet. You can purchase them from the Axie Marketplace. To purchase Axies, you need wrapped ETH (WETH) in your Ronin Wallet. You can buy ETH from crypto exchanges like Binance and use the Ronin bridge to transfer them to your Ronin Wallet. For more information, please check out How to Use the Ronin Wallet? If you don't have any money or don't want to take risks, consider looking for a scholarship program. They allow you to borrow NFTs to play, but you will have to share your earnings with the NFT owners.   The future of GameFi The number of GameFi projects has boomed in 2021 and will likely continue to grow in the coming years. As of March 2022, there are more than 1,400 blockchain games listed in DappRadar. We now have popular games across multiple blockchains, such as Ethereum, BNB Smart Chain (BSC), Polygon, Harmony, Solana, and many more. As blockchain technology continues to develop, the GameFi growing trend is expected to continue at a fast pace. The ability to own in-game assets and make money from games makes GameFi very attractive, especially in developing countries.     Closing thoughts Since the early days of Bitcoin, we have had people trying their luck with simple browser games, hoping to make BTC profits. While BTC games are still around, the rise of Ethereum and smart contracts certainly changed the blockchain gaming world, which is now able to offer much more elaborate and interesting experiences. It’s easy to see how GameFi attracts gamers by combining entertainment with financial incentives. With the growing popularity of blockchain games, we will most likely see an increasing number of big companies building up the metaverse.

NFT of former Twitter CEO Jack Dorsey’s first tweet is valued at over $48M on OpenSea. The U.K. is set to create government-backed NFTs. Nansen’s recent report states NFTs outperform cryptocurrencies year-to-date. APR 13, 2022 Key Takeaways The NFT of former Twitter CEO Jack Dorsey’s first tweet is now valued at about US$ 48 million on OpenSea. Just last March, the tweet was worth $2.9 million and sold to Bridge Oracle CEO Sina Estavi.  Sports media giant ESPN released its first Tom Brady NFTs on 7 April, in collaboration with Brady’s NFT startup Autograph. This is part of a multi-year deal agreement between the two firms, and the NFTs were minted on Polygon.  Chancellor Rishi Sunak has tasked The Royal Mint to develop government-backed NFTs this summer. This move signals the Treasury’s intention to stay at the forefront of cryptocurrency and supports the Chancellor’s ambitions for the UK to be the global hub of ‘cryptoasset technology’.  On Tuesday, blockchain analytics platform Nansen recently released its quarterly report for Q1 2022 which highlights that the NFT market has outperformed the cryptocurrency market year-to-date. Blue chip and metaverse NFTs were the main drivers of this tremendous market growth.  LooksRare recorded a -34% decrease in sales and a -27% drop in transactions. OpenSea recorded a -32% decrease in sales and an +18% jump in transactions. Crypto.com NFT in the Spotlight ‘Remember The Name’ is the first athlete NFT project which allows you to personalise your redeemable experience on Crypto.com, created by portrait artist Carling Jackson and cricket legend Carlos Brathwaite. Each NFT in this pseudo PFP collection places the owner in a bespoke redeemable stream allowing them to cater their redeemable experience to their interests. The Remember the Name collection features fan-favourite action figures and the first publicly available work from the world renowned ‘athlete artist’. ‘BeatHeadz’ is the PFP project for all music lovers on Crypto.com. Created by artist Phil Lumbang and musician Aloe Blacc, each of the 10,808 BeatHeadz in the collection is a digital collectible avatar with a unique combination of headphones, hair, eyes, clothing, and accessories. Highlights Ethereum NFT-backed loan market heats up as CryptoPunks owner borrows $8.3M Refunds for NFTs? New standard sets give-back period for minters Logan Paul’s new company ‘Liquid Marketplace’ allows people to invest in shares of rare collectibles NBA’s crypto chief registers second .Eth domain as league files for 4 NFT trademarks NFT avatar startup Genies reaches unicorn status with $150M funding led by Silver Lake NFT analytics firm bitsCrunch partners with Mastercard to help non-crypto natives secure their digital assets Cyber Yachts announces world’s most expensive NFT priced at $400M Grammys 2022: NFTs hot topic of discussion among musicians and industry experts SecuX unveils world’s first NFT-focused hardware wallet to compete with Ledger Nano S Plus NFT artist FEWOCiOUS raises nearly $20M in digital art sales in 24 hours Gary Vaynerchuk-backed Swoops raises $3.5 million for NFT basketball game Stellar users can now earn NFTs by solving difficult quests on network Transaction Volume Benchmark     Top Collectibles   Project Name Weekly Sales (USD) Transaction Count Number of Buyers MOAR by Joan Cornelia $27,192,913 5,820 3,949 Bored Ape Yacht Club $26,099,727 98 76 Mutant Ape Yacht Club $24,589,035 321 248 Arcade Land $23,165,209 5,006 2,895 Azuki $20,781,780 269 195       * Collectibles data from CryptoSlam.io The following chart shows selected top NFTs and their historical floor prices. Upcoming NFT Sales The following table shows top upcoming NFT sales (by market cap) and a sample of their art.   Project Name Sale Date Price Items Market Cap Sample Chilled Camel Club 29 Apr 2022 1.5 (SOL) 10,000 15,000 (SOL) MetamonGo 15 Apr 2022 0.2 (ETH) 40,000 8,000 (ETH) Fancy Fox Association 1 Jun 2022 0.8 (ETH) 9,189 7,351.2 (ETH) AquaHeads 30 Apr 2022 2 (SOL) 3,333 6,666 (SOL)       Top Artists The following table shows selected top artists (by sales volume on each platform) and a sample of their art.   Platform Artist Sales Volume (USD) Sample Crypto.com NFT Ballies $2,000,000+ Solanart Degenerate Ape Academy $274,584 OpenSea MOAR $23,059,293   Source: Crypto.com

Learn more on Binance.com Part I: Binance Academy: Non-fungible Tokens: $69 Millions For An NFT!? NFT - What Is It?| FXMAG.COM 6. TPunk #3442 - $10.5 million Some people consider TPunks as Tron’s version of CryptoPunks, with the familiar pixelated faces that carry different rarity and attributes. One of the rarest is this joker-face TPunk #3442. It was sold for 120 million TRX in August 2021 to Justin Sun, CEO of Tron. This was the most expensive NFT ever sold on the Tron blockchain. Sun didn’t keep the TPunk, though. He donated it to APENFT right after the purchase.      7. CryptoPunk #4156 - $10.26 million Yes, another CryptoPunk among the most expensive NFTs. CryptoPunk #4156 is an ape with a blue bandana. Its previous owner was someone with a matching pseudonym “Punk 4156,” who acquired the NFT at $1.25 million in February 2021. However, he sold the NFT for $10.26 million in December of the same year.     8. CryptoPunk #5577 - $7.7 million At #8 sits another ape-like CryptoPunk, this time with a cowboy hat. CryptoPunk #5577 was sold for 2,501 ETH in February 2022. Although not confirmed, many believe that the buyer was Robert Leshner, CEO of Compound Finance, who tweeted a “Yeehaw” after the purchase happened.     9. CryptoPunk #3100 - $7.58 million Sold at $7.58 million in March 2021, CryptoPunk #3100 is also one of the nine rare alien punks and it also wears a headband. As of May 2022, this Punk is listed for 35,000 ETH. If it ever gets sold, it will be the biggest NFT sale in the history of CryptoPunks.     10. CryptoPunk #7804 - $7.57 million CryptoPunk #7804 is the sixth CryptoPunk in our list. It’s a pipe-smoking alien with a cool cap and sunglasses. #7804 was owned by the CEO of the designer software company Figma, who proudly referred to it as the “digital Mona Lisa.” The NFT was sold for $7.57 million in March 2021.     Where can I buy NFTs? You can get your first NFT at various NFT marketplaces. Depending on the blockchain network, you’ll need a compatible wallet and the supported cryptocurrencies for the purchase. For example, NFT prices on Binance Smart Chain (BSC) are almost always in BNB or BUSD, while NFTs on the Ethereum blockchain typically use ether (ETH).  You can buy the cryptocurrencies needed on the Binance exchange and transfer them to a wallet that can be connected to the NFT Marketplace. If you’re purchasing NFTs on the Binance NFT Marketplace, you can simply move your funds to the Funding Wallet. Select the desired NFT and click [Buy Now] or [Make Offer]. Check out our NFT Marketplace guide for more details.     If you’re looking to buy NFTs on other marketplaces, browser extension wallets like Binance Chain Wallet and MetaMask are good options. After transferring your funds from Binance to your wallet, connect it to the NFT marketplace to get started. Don’t forget to check the URL you are visiting to ensure that you’re on the official website. If you connect your wallet to fake or suspicious websites, your funds might be stolen. Closing thoughts It’s no doubt that NFTs are growing in popularity and continuously creating new record-high sales. While most NFTs are simply collectible artworks, we have an increasing number of NFTs created with a variety of use cases. As NFTs mature, we can expect to see more utilities and adoptions than simply digital collectibles and possibly even higher sales.

Chess fan? Then this metaverse will pretty much blow your brain. If this virtual world succeeds, it will be the metaverse we all dreamed of. A London-based Extended Reality (XR) development studio is on the cusp of releasing a life-like tabletop metaverse. If you are a chess nerd, this is your metaverse. And it is free, which is everyone’s favourite price. In development for over a year, canVERSE say they have used cutting-edge rendering technology to produce a hyper-realistic tabletop gaming experience. Charlie Hasdell is the CPO of canVERSE. “We set out to create not only the greatest-looking version of chess but also the first piece in our roadmap to the Metaverse.” The first offering is Chess. The “Early Access” Beta is available to wishlist on Steam. On canVERSE’s Community Discord server, they are asking their community to help sculpt their developmental roadmap. So now is the time to get involved if you love games like chess, backgammon and mah-jongg. Barn Cleave is the CEO of canVERSE. “We’re delighted to be developing Metaverse content, that’s interoperable, open and built with the community.” canVERSE says they hope that their “hyper-realistic tabletop gaming space will not only entertain on numerous platforms, but will be the beginning of larger discussions around how the gaming landscape is moving closer to the decentralized nature of Web 3.0 and the Metaverse.” Chess and Other Games In the canVERSE metaverse, up to 64 players are seamlessly connected for tournaments. This can be accessed via desktop, AR & VR. Players can also voice-chat in real time. While the games look realistic, the company say that their aim is connection. “Whilst at heart canVERSE aims to host really good-looking table-top games, its true purpose is to connect friends and communities globally in an immersive, totally interoperable shared environment.” Other boardgames are coming, after chess. The company say they have focused on games that have been a fundamental pastime and have continued being popular for generations. Their first offering, chess, is an “ancient and unchanging game. It transcends language and locale and has become almost culturally ubiquitous. With chess we found the perfect starting block for canVERSE and utilizing bleeding edge technology… we are able to deliver an almost- lifelike game.” NFT Ownership Developers working on the canVERSE Metaverse have designed and generated 10,000 unique NFT Chess Sets. “NFT Chess Set owners will be rewarded with future NFTs and in-game content as canVERSE grows.” The NFT chess sets can be classically styled, ornate timeless pieces. Or you can go hardcore high tech and have sleek hyper-modern pieces. Your own chess set will be unique to you, and unlike any other chess players’ sets. But also, when you buy the chess set NFTs, you can unlock an environment and board. Chess Board: Minting the NFT Players can mint all NFTs on the site. Any other site offering the NFTs will be scams. Once you own the NFT, you can hold community roles, and get pre-sale access for future NFTs, among other benefits. Checkers Another game the metaverse plans to offer is checkers. The game has been played for thousands of years. Pharaohs even loved it. It was first brought to PC in 1951. If only the pharaohs could see the metaverse version. They would never want to go back to their pyramid life. Backgammon This game is also on the way. This is one of the oldest board games still actively played. CanVERSE say that it is “a seemingly simple game to master, however, its mysteries are deep and complex with over 3 billion possible end game scenarios.” Chess nerds? Your time in the sun has arrived. Got something to say about chess in the metaverse or anything else? Write to us or join the discussion in our Telegram channel. You can also catch us on Tik Tok, Facebook, or Twitter. Disclaimer All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.   Source: BeInCrypto

TL;DR The metaverse is an online, immersive space that connects its users' digital and real-world lives. By incorporating technologies like augmented reality (AR), virtual reality (VR), and blockchain, the metaverse offers new digital ways to work, socialize, and relax.  Projects like Decentraland and SecondLive are already experimenting with play-to-earn games and other blockchain applications, enabling communities to gather around, work, and build toward common goals. In addition, tech giants are building their metaverses to keep up with the trend. While there can be many metaverses, they would all benefit if they could connect with each other. Blockchain technology offers a unique way to metaverse interoperability. This could potentially enable users to move cryptocurrencies, items, and other digital assets between the metaverses. Introduction The metaverse is one of the words people mention when considering the future of technology, cryptocurrencies, and the Internet. The metaverse is not fully here yet, but it's noticeable that small projects and global companies are striving to build the future of digital spaces. Read more on Binance.com What is the metaverse? The metaverse is a concept of connected, virtual universes that are explorable via 3D avatars. You can think of it as the next evolution of the Internet, with more immersive and interactive online experiences. The metaverse incorporates technologies such as augmented reality (AR), virtual reality (VR), and blockchain. While AR enables users to morph digital visual elements into the real world using a camera, VR produces computer-generated virtual environments that users explore through VR headsets. Meanwhile, blockchain technology enables properties of digital proof of ownership, digital collectibility, and transfer of value. NFT platforms like the  Binance NFT Marketplace are also contributing to the development of the gaming metaverse by providing the link between gaming projects and crypto communities. In addition, the community-driven BNB Smart Chain (BSC) hosts various metaverse projects. Also, Fortnite has developed a metaverse platform that has connected over 350 million players in its virtual world. Even though the metaverse is still under development, it will likely expand beyond gaming platforms. For example, applications in digital identity, remote working, and decentralized governance are just some potential sectors that could benefit from the metaverse. What can be done in the metaverse? The metaverse creates shared virtual spaces that combine the physical and digital. For example, businesses could start using the metaverse for hosting mixed reality meetings using VR headsets or signing contracts without being physically in the same place. Similarly, you could do groceries by interacting with virtual aisles, showcase your NFT collections to virtual buddies, and visit art exhibitions without leaving the cozy of your home. Play-to-earn games like Axie Infinity and work socialization tools like Gather.town already prove working aspects of the virtual worlds possible. They invite users to have fun, meet people, transact using digital currencies, and even earn a living. Decentraland, on the other hand, is an online, digital world that successfully mixes social elements with cryptocurrencies and NFTs, representing anything from cosmetic collectibles to virtual real estate. For example, a player can use Decentraland's native cryptocurrency, MANA, to purchase 16x16 meter land parcels that are issued as NFTs (non-fungible tokens) on the Ethereum blockchain. Finally, the metaverse enables human collectives to gather around shared interests. For example, Fortnite famously hosted Travis Scott's virtual Astronomical concert with over 12 million listeners worldwide. In contrast to a regular concert, gamers could interact with the famous rapper with their avatars and enjoy animated, 3D visuals. Is there just one metaverse? The metaverse concept suggests that there is one common and shared virtual ground that everybody shares. But, as we have seen, there can be various metaverses that are separate from each other. Therefore each metaverse has a specific function in the collective of metaverses. In the same way, as each social media platform provides specific services to its users, metaverses offer distinct virtual possibilities. Likewise to earlier examples, one metaverse could concentrate on gaming while others on meetups or concerts. Crypto metaverse projects like Axie Infinity, Decentraland, and SecondLive each have their unique approach to building metaverse. In addition to blockchain-based metaverses, big tech is moving forward with the metaverse narrative. For example, Facebook changed its name to Meta and invested billions of dollars in developing metaverse content, software, and AR and VR headsets. Likewise, big companies like Microsoft, Google, and Tencent are building metaverse and are entering the space by developing new technologies. Ideally, the various metaverses should become interoperable. Metaverse interoperability means one or more metaverses could easily interact and exchange data. Interoperable metaverses would allow users to move assets from one metaverse to another, including NFTs and cryptocurrencies. Many developers and protocols are betting on blockchain technology to connect metaverses. Firstly, it’s decentralized and transparent. And secondly, it can offer digital proof of ownership, authenticity, transfer of value, and accessibility. For example, if two play-to-earn games were interoperable and built on the same blockchain, players could switch between them, and their virtual items could be established and secured in both games. In other words, users could use their guns, skins, and other in-game items in both virtual worlds. There is also the possibility of using blockchain bridges to move cryptocurrencies and other digital assets across different blockchain networks. The future web of metaverses The metaverse is still in the early phases of its development. No one knows how it will play out, but it's undoubtedly a technology sector that attracts capital and developers' attention. As mentioned, the metaverse will probably consist of several individual metaverses. Nevertheless, technologies like blockchain and cryptocurrencies will likely play a central role in connecting multiple virtual worlds. In the long run, we may see various metaverses with different purposes becoming part of a single metaverse. Creating a web of different metaverses could also encourage further adoption. Closing thoughts The metaverse continues to grow as new projects come to the market and the existing ones develop new functionalities and services. The crypto space already has successful metaverse projects, including blockchain-native ones like Decentraland, as well as players from the traditional markets like Fortnite and Meta. With the advancement of AR, VR, blockchain, and other technologies, we will likely see exciting new virtual, borderless metaverses rising.

NFT trading is now live on Uniswap. Porsche is planning a 7,500-piece NFT collection. Animoca Brands starts a $2 billion metaverse fund. New Project Spotlight NFT Collectibles [COMING SOON] “Martian Colony” features 5,555 character NFTs organised into four tribes: Labour, Civilian, Scientist, and Governing. The collection is created by David Fiery, an NFT enthusiast and entrepreneur from Prague. This collection drops on 8 December, exclusively on Crypto.com NFT. [COMING SOON] Lil Bitcoin’s “Chapter 2: Birth Of Bitcoin” brings together art and music. Collectors have the chance to redeem physical comics and exclusive NFTs. This collection will drop on Crypto.com NFT on 14 December Blockchain Games [COMING SOON] The highly anticipated tycoon-style idle game Loaded Lions Mane City, based on the in-demand Loaded Lions NFT project, is set to be released soon. As pioneers of Mane City, all Loaded Lion and Cyber Cub holders will receive exclusive benefits during the land sale and in the game. [COMING SOON] CroSkull V2 Missions are about to start. The new missions feature updates including compounding rewards, multi-collections support, gas fees reduction, and bulk sending. NFT Metrics The following table shows select top collections (by weekly sales volume on each platform) and a sample of their art: PlatformCollectionSales Volume (USD)Floor Price (USD)Sample OpenSea CryptoPunks $3,429,000(-35%) $83,100 OpenSea Mutant Ape Yacht Club $3,250,000(+97%) $16,600 Crypto.com NFT Loaded Lions $142,000(-27%) $1,700 Crypto.com NFT Match Ready Lions $100,000(+497%) $50 Minted Bored Candy $47,000(+206%) $40 Minted VVS Miner Mole $23,000(-52%) $250 Blockchain Game Metrics The following table shows select top games by weekly Unique Active Wallets (UAW): GameBlockchain(s)UAWVolumeLogo Splinterlands Hive, Wax 257K(+1%) $8K Tiny World BNB Chain 53K(+23%) $37K Planet IX Polygon 49K(+4%) $244K Trickshot Blitz Flow 39K(-28%) $19K Axie Infinity Ronin, ETH 38K(-9%) $7.7M Source: DappRadar Gaming Token Performance The total market cap for gaming tokens now stands at US$5.86 billion, up +2% from last week.     News Highlights NFT trading is now live on Uniswap, with users being able to trade digital collectibles across OpenSea, X2Y2, LooksRare, and other marketplaces using the platform’s NFT aggregator tool. In addition, there is a US$5 million airdrop for eligible historical users of Genie, the NFT marketplace aggregator Uniswap acquired in June 2022. Luxury sports car manufacturer Porsche has planned a 7,500-piece NFT collection based on the classic Porsche 911. The NFTs are targeted to be released in January 2023, and each holder can take part in the process of shaping the design of their individual NFTs. Gaming investor Animoca Brands plans to start a $2 billion metaverse fund. The fund, named Animoca Capital, targets to make its first investment next year and intends to focus on digital property rights in the metaverse.     Argentina 2022 Survey: Argentines Are Increasingly Keen to Adopt Cryptos and NFTs: Crypto.com recently commissioned a survey of more than 2,000 Argentines to find out more about their investment preferences, knowledge, and opinions on crypto and NFTs. Research Roundup Newsletter (October 2022): In this issue, we cover our recent Bloomberg Terminal integration, a special research report for the Singapore Fintech Festival, and feature articles on NFT financialisation and utility. Alpha Navigator (October 2022): We look at crypto industry performance in October, including ETH’s short-term correlations with equities reducing. Is the Fed pivoting on rate tightening policy? Disclaimer The information in this report is provided as general market commentary by Crypto.com and its affiliates, and does not constitute any financial, investment, legal, tax, or any other advice. This report is not intended to offer or recommend any access to products and/or services. While we endeavour to publish and maintain accurate information, we do not guarantee the accuracy, completeness, or usefulness of any information in this report nor do we adopt nor endorse, nor are we responsible for, the accuracy or reliability of any information submitted by other parties. This report is not directed or intended for distribution to, or use by, any person or entity who is a citizen or resident of, or located in a jurisdiction, where such distribution or use would be contrary to applicable law or that would subject Crypto.com and/or its affiliates to any registration or licensing requirement. The brands and the logos appearing in this report are registered trademarks of their respective owners. Nothing in this report is intended to suggest that NFTs are investment products, nor securities, nor anything similar or “financial” of any description. NFTs are to be reserved for fun only and NOT with any expectation of “value”, “profit”, “yield” or “investment”. You are also aware that NFTs are not a store of value, are not a generally accepted medium of exchange, and are considered very illiquid and volatile. Author Research and Insights Team Get fresh market updates delivered straight to your inbox: Subscribe to newsletters   Be the first to hear about new insights: Follow us on Twitter Tags BLOCKCHAIN GAMING CRYPTO RESEARCH CRYPTOCURRENCIES NFT Source: NFT & Blockchain Gaming Weekly (02/12/2022) (crypto.com)