Značka: Decentraland

The Australian Open swings into the Metaverse on Decentraland

Tennis Australia has partnered with Decentraland to host the Australian Open (AO), which will be the first official tennis grand slam in the Metaverse.A virtual recreation of key areas in Melbourne Park, including the Rod Laver Arena and Grand Slam Park, will be open for the duration of the Australian Open tournament, which will run for a fortnight beginning on Jan. 17. The event will include exclusive content for virtual visitors, including behind-the-scenes footage from over 300 cameras around Melbourne Park, including the exclusive player arrivals area and the practice village. As well as broadcasting live footage and AO radio, it will also feature archival footage from tennis matches dating back to the 70s and virtual meet-ups with tennis players including Mark Philippoussis, with other players yet to be confirmed.Tennis Australia NFT & Metaverse Project Manager Ridley Plummer said in a virtual welcome address on Decentraland that he hopes for the AO to become the “world’s most accessible and inclusive sports and entertainment event.”“With the unique challenges fans have faced getting to Melbourne, we’ve fast-tracked our launch into the Metaverse,” he said.“Taking the AO into the Metaverse is an important step to provide truly global access to our great event.”This is especially pertinent given travel restrictions due to the COVID-19 pandemic, making it very difficult for many fans to reach Melbourne to view the event in real life. The 2021 AO faced a range of challenges, including a historically low number of on-site spectators and lockdown restrictions. Despite the timely introduction of the partnership given the pandemic, Plummer says that the AO plans to continue to collaborate with Decentraland in the future. “We’re in it for the long term,” he said.“The Metaverse is not going anywhere, and as a company, we’re invested in continuing to grow our online presence and push the boundaries of innovation.”He also added that Tennis Australia is exploring the possibility of a year-round property in the Metaverse. “We definitely think of ourselves more as an entertainment event rather than just a tennis event. Whether we’re providing entertainment via the metaverse twelve months of the year or only a few months of the year, that’s definitely a decision to be made in our roadmap going forward.”Australian Open lands a sweet NFT partnership Meanwhile, on Jan. 17, the AO also announced it would be teaming up with NFT platform Sweet to release six NFT collections commemorating the last five decades of the AO. The collections will be released intermittently between Jan. 17 and 27 to coincide with the tournament. Tom Mizzone, CEO of Sweet said that the NFT release demonstrates a “truly new level of access” for fans to get a glimpse into the world of their idols. “We love this idea of turning IP into digital memorabilia and tying that memorabilia back to an experience,” he added.“The idea that the AO designed an umpire chair that had never been seen before and now tennis fans can own and display that umpire chair as an NFT is just amazing.”Separately, the AO launched a collection of 6,776 algorithmically created “Art Ball” NFTs on Opensea on Jan 12. According to Plummer, the collection sold out in three minutes following the public drop with a price floor of 0.26 ETH (around $875) and a trading volume of 223 ETH ($751,287). Each Art Ball is allocated a unique plot on the court. And we’ll be using electronic in line calling tech to update winning points to their corresponding AO Art Ball NFTs. So your ball could decide the match. No challenges. pic.twitter.com/KRj2FiGlAd— AOmetaverse (@AOmetaverse) January 11, 2022Related: Australia’s largest crypto exchange will sponsor tennis star Ajla TomljanovicThis isn’t the Open’s first rodeo in the Metaverse. In 2020, the AO hosted the Fortnite Summer Smash, an esports event with a $100,000 prize pool. Tennis Australia has leased the virtual land from Vegas City, a company that owns large areas of the metaverse.The AO has already had its share of drama, with an Australian court dismissing Serbian tennis star Novak Djokovic’s appeal against a deportation order. Djokovic has released a statement following the court decision pic.twitter.com/V0IYHJ04Yc— Andrew Brown (@AndrewBrownAU) January 16, 2022

Djokovic is a vocal critic of the COVID-19 vaccination and claims he was given an exemption from the Australian government to enter the country despite being unvaccinated.

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Nifty News: Decentraland Times Square NYE party, Mutant Apes go bananas and more…

Times Square NYE party in DecentralandDecentralized Metaverse project Decentraland will unveil the virtual reality version of the iconic Times Square via a New Years Eve party that coincides with the timing of the real life celebration in New York city. The event is called the “MetaFest 2022 NYE Party” and will run until 8:00 am UTC on Jan. 1 in Decentraland’s Estate 4 district. It will feature live music, rooftop VIP lounges, a new tokenized collectibles and wearables drop, live feeds of real world NYE events across the globe, CryptoArt galleries and games. The virtual reality equivalent of the famous spot at the heart of New York is called “One Times Square,”, with the “one time” pun suggesting that the structure may be dissolved after the party concludes. Celebrate New Year’s in Times Square… in Decentraland!https://t.co/phe7qr10LY— Decentraland (@decentraland) December 29, 2021“Let’s party like it’s 2022: for Meta or for Worse” Decentraland punned in the event invite. Only around 150 people have registered their attendance so far, but you know how it is with parties — first you worry no one’s coming and then everybody shows up at once..Surging interest for Mutant ApesYuga Labs’ Bored Ape Yacht Club spinoff project the Mutant Ape Yacht Club has risen to the top of the secondary sales volume charts. According to data from CryptoSlam, interest in the Mutant Ape Yacht club NFTs have surged 355.29% over the past 30 days, generating $76.8 million worth of sales on secondary markets.The NFTs depict Mutant versions of the widely popular Bored Ape avatars, and it is currently the top ranked project in terms of 24 hour and 7 day volume.The recent trend appears to be part of a larger demand of Yuga Lab’s NFTs, as the seven-day secondary volume for its other projects such as the Bored Ape Kennel Club and the Bored Ape Chemistry Club have also increased by 915% and 345% respectively. While Yuga Lab’s NFT projects all sit in the top 10 of seven day sales volume, the biggest surge in demand appears to be for the Solana-based Crypto Astronauts NFTs, with secondary sales volume increasing by a whopping 172,235% within that time frame. Taking NFTs to the bank?Crypto-friendly Swedish bank Mecro Bank has outlined plans to enter the NFT and Metaverse sector. The bank offers services across Europe and is currently working on a pilot project to launch a digital asset custody service in the future.According to a Dec. 29 announcement, Mecro Bank aims to launch its own NFT collectibles as a new way to “make money,” and it is currently working on strategies to roll out a virtual banking experience across Metaverse-based virtual worlds. The firm cited the importance of integrating its services with emerging technologies and trends to meet the growing demand of users. “[The] Metaverse has been tipped to grow in importance as a digital financial platform for banking and financial transactions, as well as personal and business interactions. In order to make this new environment as immersive and realistic as possible, managing finances and transactions effectively will be critical,” the announcement read. Related: Leading toymakers launch NFTs on carbon-neutral blockchainCipher Punks NFT drop causes a stirAn unlicensed NFT project dubbed “Cipher Punks” depicting key figures from the Cypherpunk movement has been shut down after pushback from people featured in the tokenized artworks.The team behind the project, ItsBlockchain revealed in a Dec. 29 blog post that it was shutting down the collection of 500 NFTs just three days after launch, citing feedback from Cypherpunks who “didn’t like the idea of their images being used as NFTs and digital drawings.”Figures such as Electronic Frontier Foundation (EFF) speech activist and director Jillian York, noted on Twitter on Dec. 27 that they “don’t approve of this whatsoever” and asked the team to remove the NFT and digital artwork depicting them. I don’t approve of this whatsoever and would like it removed. https://t.co/xy6W2w97NF— Jillian C. York (@jilliancyork) December 26, 2021

The ItsBlockchain team said that it will be refunding every “single penny” anyone spent on the project, including gas fees and it has completely wiped the project off the internet, with its social media pages and OpenSea accounts no longer accessible. “We were not aware of the likeness laws in NFTs as the market is not regulated. It’s our mistake. We have to own up to it,” the blog post read. Well, someone reposted the NFT collection. This won’t go away, will it? https://t.co/4jQo0kUQ9h cc: @mattblaze @kataclyst @runasand @evacide @joncallas— Jillian C. York (@jilliancyork) December 27, 2021

Other Nifty NewsKraken co-founder and CEO Jesse Powell revealed last week that the crypto exchange will launch a nonfungible token (NFT) marketplace that will enable users to borrow funds against their NFTs.Italian luxury sports car manufacturer Ferrari is making moves in the blockchain industry after it penned a partnership with Swiss blockchain startup Velas Network. The deal will potentially see the with rollout of licensed Ferrari NFTs, as the start up firm has a specific focus on the sector.

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5 times quickfire crypto traders bought the news for double (or triple) digit profits

Why do crypto traders “buy the rumor, sell the news”?Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us are completely ignorant of what may be coming.But with rumors, there are no guarantees. Which can lead to disappointment and serious loss of investment for those traders who gamble that they’re true… and end up wrong.So how can you possibly compete with thousands of other market participants when important news actually breaks? You’d have to be one of the very first to know in order to catch the price before it spikes.Look at the examples below — the time between a closely-guarded announcement and a massive price spike of 144% can be just a few minutes!NewsQuakes™ on the Cointelegraph Markets Pro data intelligence platform allow you to completely outsource monitoring the crypto news space to AI. The machine learning algorithm automatically combs through thousands of relevant sources and instantly alerts members via mobile notifications when potential market-moving events are detected.NewsQuake™ announcements are snapped from primary sources such as exchange websites, Medium posts, or projects’ Twitter accounts, meaning that traders don’t have to wait for the media or their favorite influencers to turn raw information into a story.Extensive research has identified three types of news — exchange listings, staking, and partnership announcements — that are most likely to spark strong rallies.Here are  5 stories that alerted traders to massive profit opportunities in 2021… and a few dramatic illustrations of how NewsQuakes™ tipped off Markets Pro members.WAX (WAXP): +144% in 2 hoursWAXP price following Cointelegraph Markets Pro NewsQuake™Exchange listings reliably boost crypto prices, especially when it is a small or medium-cap coin being listed on a major exchange.On Aug. 23, before the news of WAXP’s listing on Binance came in, the token was trading at 18 cents. In two hours from the announcement, WAX’s price soared to reach 44 cents. In this situation, getting the news quickly was key. As can be seen in the chart, the NewsQuake™ alert (red circle) came in just before WAX’s price exploded.Decentraland (MANA): 111% in 96 hoursMANA price following Cointelegraph Markets Pro NewsQuake™It is now hard to believe that in March 2021, long before Facebook’s rebranding into Meta and the associated hype around the group of assets now widely known as metaverse tokens, MANA was trading at just $0.55. On March 12, the announcement of OKEx enabling margin trading for the asset got crypto investors stoked, and sparked a long rally that saw MANA go from $0.55 to $1.16 over the next four days. The earlier traders were in buying the NewsQuake™, the more profit they could have secured for themselves…Polygon (MATIC): +90% in 50 hoursMATIC price following Cointelegraph Markets Pro NewsQuake™On Feb. 23, in the middle of a cool-off that followed the first leg of the week’s big rally, the announcement of MATIC’s debut on Binance Staking gave the asset a powerful second wind. (The red circle indicates the Markets Pro NewsQuake™.) The resulting hike propelled the coin from $0.11 to its then-all-time high at over $0.21, an increase of 90%. Today, this can seem minor in the light of the token’s year-to-year return on investment of more than 11,000%, but on that day, traders were surely content with MATIC’s price “only” nearly doubling.VeChain (VET): +46% in 52 hoursVET price following Cointelegraph Markets Pro NewsQuake™A great example of impactful partnership news is VeChain’s announcement of its collaboration with the accounting firm PricewaterhouseCoopers that came up on Apr. 12. It was not a huge surprise that the news of the enterprise-oriented blockchain project getting access to the client base of one of the Big Four firms pushed the token’s price 46% up over the fours of two days.In this case, the NewsQuake™ from Markets Pro arrived significantly before the major rally.Amp (AMP): +42% in one hourAMP price following Cointelegraph Markets Pro NewsQuake™On Nov. 23, a post on Binance’s Twitter account announced that digital collateral token AMP was slated to be listed on the exchange platform. Markets Pro users received their near-instant NewsQuake™ alerts within seconds. It was a very clean breakout: Apparently, no-one front-ran the news, and the token’s price soared immediately following the public announcement, shooting up almost vertically from $0.050 to $0.071 in just an hour – a gain of 42%.Timing was key here, and those Cointelegraph Markets Pro members who got the news early thanks to the NewsQuake™ alert found themselves ahead of the pack.Cointelegraph is a publisher of financial information, not an investment adviser. We do not provide personalized or individualized investment advice. Cryptocurrencies are volatile investments and carry significant risk including the risk of permanent and total loss. Past performance is not indicative of future results. Figures and charts are correct at the time of writing or as otherwise specified. Live-tested strategies are not recommendations. Consult your financial advisor before making financial decisions.

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Virtual land in the Metaverse dominated NFT sales over past week

Digital land is in high demand in what is already a highly lucrative market as the past week’s NFT and Metaverse sales figures revealed. Data from the industry metrics platform, NonFungible, indicates that over the past week there have been more than $300 million in NFT sales. Of that total, almost a quarter have been for digital land in the Sandbox Metaverse. Over the past week, each one of the top ten NFT Metaverse sales across the top five collections were for in-game digital land. The Sandbox traded a total volume of $70.5 million for 4,433 assets over the past week — making it the Metaverse collection that raked in the most cash. Although Decentraland ranked in second place for the total volume traded, the top ten most expensive metaverse NFT sales during the past week, ranging from 225,000 MANA ($758,250) to 50,000 MANA ($220,000), were all on the Ethereum-based virtual world. Decentraland traded $6.6 million in volume for 399 assets over the past week.Meanwhile, over the past seven days CryptoVoxels traded around $650,000 in volume for 81 assets, Somnium Space traded $492,000 for 40 assets, and SuperWorld traded $227,600 for 506 assets — all of their top trades were also for virtual land. The Metaverse is an immersive virtual reality experience of the internet that uses blockchain technology and nonfungible tokens (NFTs) to pay and own items online. For example, when you make an in-game purchase you actually own the item, and are free to hold, trade or sell it. According to DappRadar, $106 million worth of Metaverse land was sold among more than 6,000 traders in the week ending Dec. 2. “Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space,” stated DappRadar in a blog post at the time. Related: Flying Hot Off the Shelves — Virtual Land Based on BlockchainIn June, a virtual real estate investment firm broke Decentraland’s record for the most expensive digital land plot ever sold after spending $913,000 on 259 parcels.On NFT marketplace Opensea, Sandbox and Dentraland held their spots as the top two collections traded on the platform over the past week. 

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$106M worth of metaverse land sold last week: DappRadar

Four blockchain-based metaverse projects generated more than $100 million worth of virtual land nonfungible token (NFT) sales last week, according to data from DappRadar. A Tuesday post from the decentralized application analytics firm reported that between Nov. 22 and Nov. 28, activity was “booming” on The Sandbox, Decentraland, CryptoVoxels and Somnium Space with a combined $105.8 million worth of trading volume among them from more than 6,000 traders:“Undoubtedly, Metaverse land is the next big hit in the NFT space. Outputting record sales numbers and constantly increasing NFT prices, virtual worlds are the new top commodity in the crypto space.”The Sandbox represented the lion’s share of volume for the week with $86.56 million, Decentraland accounted for $15.53 million, while CryptoVoxels and Somnium Space generated $2.68 million and $1.1 million, respectively. All four of these metaverse projects are built on the Ethereum blockchain, although projects on other chains such as Solana are beginning to gather pace, too. DappRadar noted that “the wave of attention towards virtual worlds like The Sandbox and Decentraland started with Facebook’s rebranding to Meta.”“However, this is only the tip of the iceberg that pushed the term Metaverse into the mainstream. Virtual worlds carry such enormous potential, and we’re just beginning to see the full array of use cases for metaverse land,” the blog post read. Related: NFT sales aim for a $17.7B record in 2021: Report by Cointelegraph ResearchCommenting on The Sandbox’s enormous surge in NFT land sales volume, Yat Siu, chairman and co-founder of Sandbox’s parent company, Animoca Brands, told Cointelegraph: “Facebook in their attempt to usurp the narrative of the metaverse caused a chain reaction of other companies not in Web 3.0 (such as Microsoft) to also announce their metaverse strategies and created mass interest and awareness.”Siu contrasted Meta’s approach to the more organic, user-built environment of The Sandbox.“While not everyone understands what digital property rights really mean, enough of them are interested in this now, and this has created more net awareness. The Sandbox has captured the narrative of a real metaverse — one where you can really own a piece of it, and this is also reflected somewhat in the token price,” added Siu.Out of the four projects listed, Decentraland has seen the biggest NFT land sale over the last 30 days, with a plot consisting of 116 parcels of land in the virtual world’s Fashion Street District selling for 618,000 MANA tokens ($2.7 million at current prices) on Nov. 23. On the same day, The Sandbox also sold a tokenized ultra-luxury mega-yacht for 149 Ether (ETH) worth more than $666,000 at the time of writing. Top 10 NFT sales Nov. 22–Nov. 28. Source: DappRadar

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