Autor Cointelegraph By Ezra Reguerra

OpenSea implements a new protocol that ranks NFT rarity

OpenSea implements a new protocol that ranks NFT rarity

Uverejnil používateľ | sep 22, 2022 |

With thousands of nonfungible tokens (NFTs) getting minted every single day, trying to find rare pieces can be a challenge for NFT collectors. However, as the industry continues to progress, the hassles in finding rare NFTs may soon become a thing of the past. In a tweet, NFT marketplace OpenSea announced the implementation of OpenRarity, a protocol that provides verifiable rarity calculations for NFTs within its platform. The protocol uses a transparent mathematical approach to calculating rarity. OpenSea said that rare NFTs will be awarded lower numbers like 1 or 2, while NFTs that have attributes similar to many other NFTs will have higher numbers. With this, the marketplace highlighted that buyers would be able to view a reliable “rarity ranking” when considering purchasing NFTs. The feature will not be automatically applied to all NFT collections. According to the NFT marketplace, creators will still have control if they want to choose to apply the OpenRarity feature to their collections or not. The OpenRarity project was a collaborative effort between various NFT community entities, including Curio, icy.tools, OpenSea and Proof. The goal is to standardize the rarity methodology and provide consistent rarity rankings across all NFT platforms. Related: Nonfungible tokens: How to get started using NFTsThe NFT marketplace also recently launched an initiative that lets creators make their own NFT drop pages that they can customize with images, videos and highlights. With this, creators can share information about the NFT drop, like the minting schedule and a gallery. Apart from these, creators can also add a countdown clock and allow collectors to receive email alerts to remind them of the mint. Meanwhile, a report published by blockchain analytics firm Chainalysis highlighted that NFTs are the largest driver in crypto adoption in the Central, Southern Asia and Oceania (CSAO) region. According to the report, 58% of web traffic to crypto services is NFT-related.

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Bandai Namco, SEGA eyeing blockchain gaming: Nifty Newsletter, Sept. 14-20

Bandai Namco, SEGA eyeing blockchain gaming: Nifty Newsletter, Sept. 14-20

Uverejnil používateľ | sep 21, 2022 |

In this week’s newsletter, read about how a science fiction comic book uses nonfungible tokens (NFTs) to make the reading experience more interactive and how Web3 musicians view NFTs. Check out how big names like Bandai Namco, Sega and Square Enix are eyeing blockchain gaming. In other news, find out how a metaverse-focused fir- integrated NFTs within Minecraft despite its ban on NFTs. And, don’t forget this week’s Nifty News featuring the first metaverse wedding at The Sandbox.Sci-Fi NFT comic book project lays the foundation for CCG developmentAn NFT comic book project created by former game developers is working to bring their vision of a GameFi comic book series to life. Speaking with Cointelegraph, Dušan Žica, CEO and chief operating officer of 2142, described the comic’s premise as an artificial intelligence battle in 2142 AD, right after the last Bitcoin (BTC) is mined and Satoshi Nakamoto’s dormant wallet wakes up.Within the project, users can mint, collect and compile pages of the comic book series and participate in a decentralized autonomous organization (DAO) that decides the direction of the story.Continue reading…Web3 is creating a new genre of NFT-driven musicOne of the most hyped use cases for NFTs is music. Because of this, Cointelegraph spoke with various creators within the NFT music space to ask what comes first — the music or the desire to create music NFTs.Reveel CEO Adrien Stern described music NFTs as an “anti-genre,” as it promotes diversity and freedom, while NFT musician Thomas Pipolo said that NFTs are a tool to sell the product. Meanwhile, Jeremy Fall, who founded a Web3 record label, said that it’s not about the hype but about utilizing the technology. Continue reading…Bandai Namco, SEGA among gaming giants eyeing blockchain gamingGaming giants Bandai Namco, Sega and Square Enix have been looking at blockchain gaming, according to Ryo Matsubara, representative director of Oasys. In a Cointelegraph interview at the 2022 Tokyo Games Show, Matsubara said that these gaming companies, who are also their partners, have a long-term vision for blockchain gaming. The executive also mentioned that the firms are not simply looking to make a quick profit but are interested in creating the future of games. The executive mentioned that this new gaming model needs more time to mature before getting broader integrations in traditional games.Continue reading…Metaverse firm implements NFTs into its Minecraft and GTA 5 serversA metaverse-focused firm has managed to implement NFT integrations within their Minecraft and Grand Theft Auto (GTA) 5 servers. In an interview with Cointelegraph, Oscar Franklin Tan, chief financial officer of Enjin, and MyMetaverse CEO Simon Kertonegoro shared how they were able to integrate NFTs into Minecraft despite its ban on NFTs. According to Kertonegoro, they do not have any pay-to-win NFTs, and their best NFTs are free, and this is how they have NFTs on their server without violating the terms of service. The executive also said that they are looking to start a conversation with Mojang studios, the creators of the game. Meanwhile, Tan also expressed that Enjin supports MyMetaverse’s efforts to reach Mojang. Continue reading…Nifty News: The Sandbox hosts its first wedding, Hollywood actor auctions photo of eye as NFT and moreThe Sandbox has held its first wedding within its Metaverse. A couple from Singapore, Joanne Tham and Clarence Chan, celebrated their union in a digital replica of Alkaff Mansion, a popular spot in Singapore. Meanwhile, actor Javier Bardem donated a photo of his eye as an NFT to raise funds to help restore people’s sight. Continue reading…Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

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From skies to blocks: How an aerospace student became a Web3 entrepreneur

From skies to blocks: How an aerospace student became a Web3 entrepreneur

Uverejnil používateľ | sep 21, 2022 |

A popular adage says that the path to success is not a straight line. Sometimes, it leads to various detours along the way, like learning about developing aircraft, being a writer, keeping an eye on Bitcoin (BTC) and exploring the blockchain space. In a Cointelegraph interview, Ahmet Usta shared his journey from being fascinated by technology since he was a child to becoming the founder of several successful Web3 projects focusing on blockchain gaming and nonfungible tokens (NFTs). Usta studied aerospace engineering at Istanbul Technical University in Turkey mainly because of his passion for technology. After that, he pursued a career in information technology and worked for various businesses. Ten years later, Usta found himself in a weird situation. He said: “By some strange coincidence, I found myself as a technology writer and editor. I’ve written about technology for Bloomberg Businessweek Turkey and a variety of other publications.”Then came Bitcoin, capturing Usta’s attention as he “kept a close eye on it.” Being enticed by the technology behind the cryptocurrency, Usta co-authored Turkey’s first book on blockchain and then pursued gigs as a blockchain specialist, giving speeches, seminars and training company personn on the topic. Back in 2021, the entrepreneur worked on a blockchain gaming project that integrated NFTs. After finding success, he turned the project over to his partner to focus on a more long-term business called ELYT, which recently raised fresh funds to connect brands and influencers to Web3 technology.When asked why he thinks it’s important for brands to utilize Web3 technologies like NFTs, Usta said that NFT technology is more than an application. It’s a new way of thinking. He explained that: “Innovation begins to sprout as soon as you can begin to think in this new way. The rest is simply an engineering and business problem. The key is to be able to create real business models from a fresh perspective.”The executive also said that the possibilities in terms of NFT use cases are limited only by people’s imagination. “The monkey visuals and game assets are nothing more than a tiny snowball rolling on the iceberg visible above the water,” he said. Related: Intellectual property has an awkward fit in Web3 decentralization — LawyersUsta believes that there are many opportunities opened up by Web3. According to him, Bitcoin, Ethereum, NFTs and decentralized finance (DeFi) all have their roles to play in the world. He explained that: “Bitcoin enabled the keeping of records without the need for a centralized structure. For the first time in human history, this enabled a decentralized trust protocol. With smart contracts, Ethereum has transformed business workflows.”The Web3 entrepreneur also mentioned that NFTs limit the ownership of digital assets that could otherwise be replicated indefinitely and believes that the space will be discovering various other applications. Meanwhile, Usta also highlighted his confidence that DeFi will play a vital role in the future of finance.

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Coinbase to hand out ENS usernames to simplify wallet transactions

Coinbase to hand out ENS usernames to simplify wallet transactions

Uverejnil používateľ | sep 21, 2022 |

As simplified wallet addresses become more popular within the blockchain space, crypto exchange Coinbase integrated with Ethereum Name Service (ENS) to give their customers usernames to replace their traditional Coinbase crypto wallet addresses. In a post, the exchange announced that it will be handing out free “name.cb.id” usernames. Through Coinbase Wallet’s browser extension, people can claim their new address and use it for their transactions. With this, users can send and receive crypto tokens using the simplified name instead of the usual 42-word alphanumerical address. The exchange also said in the announcement that this is a necessary step in creating a more open financial system for the world. According to Coinbase, the use of “human-readable” usernames is a step toward making Web3 more user-friendly. The firm highlighted that simplified usernames help erase the anxiety associated with sending tokens and nonfungible tokens (NFTs) using traditional wallet addresses.Apart from being user-friendly, Coinbase argued that users can benefit from the usernames in terms of having a foundation to build their online identity. However, the firm also recognized that this is only the first step and that there are more to be done in terms of “identity-related gaps” that need to be addressed before Web3 can onboard billions of users. Related: Ethereum co-founder’s poll shows people want $100 lifetime .eth domainsSimplified wallet addresses became more popular during the bear market. Back in In July, ENS registrations surged by 200%, with 126,141 total registrations recorded in a week. This occurred as the Ethereum Network’s average gas fees fell to $1.57 and as the second most expensive .eth domain was sold. Meanwhile, Nick Johnson, the founder of ENS, recently told Cointelegraph that their team did not realize how valuable ENS would become when they first created it. The founder believes that users register ENS names because it helps them have a decentralized identity that works across many platforms.

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Nasdaq reportedly preparing crypto custody services for institutions

Nasdaq reportedly preparing crypto custody services for institutions

Uverejnil používateľ | sep 20, 2022 |

As more institutions become interested in dabbling in cryptocurrencies, multinational financial services firm Nasdaq has reportedly started preparations to offer digital asset custody services to institutional clients. According to a Bloomberg report, the company has created a new group focusing on digital assets and will start by offering Bitcoin (BTC) and Ether (ETH) custody services for institutions. The firm also onboarded Ira Auerbach, who previously led prime broker services at crypto exchange Gemini, as the head of its new digital assets division. In the report, Auerbach expresses his belief that the next wave of the financial revolution will be driven by institutional adoption. According to the executive, there’s no better place than Nasdaq to bring trust to the market. In May, Nasdaq partnered with Brazilian firm XP to create a digital asset exchange called XTAGE. Roland Chai, an executive at Nasdaq, said that the partnership with XP would bring new opportunities to investors and other companies. According to XP, the exchange is scheduled to launch in 2022. Related: Fidelity will ‘shift’ retail customers into crypto soon — Galaxy CEOIn a recent interview with Cointelegraph, BitMEX CEO Alexander Höptner predicted that following the Ethereum Merge — when the network shifted to a proof-of-stake consensus — institutions would be more open to investing in crypto, as companies are concerned with efficiency and environmental development. “I’m absolutely sure that this will further push for institutional adoption and also mass market adoption,” he said. Henrik Andersson, an executive at the fund manager Apollo Capital, also recently spoke to Cointelegraph. He said institutions would soon make a U-turn regarding their hands-off stance on crypto. The executive highlighted that there will be a time when people won’t want to miss out and that it will become a “career risk not to be invested.”

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