Značka: Gaming

5 NFT-based blockchain games that could soar in 2022

After the popularity of DeFi, came the rise of nonfungible tokens (NFTs) and to the surprise of many, NFTs took the spotlight and remain front and center with the highest volume in sales, occuring at the start of January 2022. Growing number of unique NFT buyers on Ethereum Source: Delphi DigitalWhile 2021 became the year of NFTs, GameFi applications did surpass DeFi in terms of user popularity. According to data from DappRadar, Bloomberg gathered: “Nearly 50% of active cryptocurrency wallets connected to decentralized applications in November were for playing games. The percentage of wallets linked to decentralized finance, or DeFi, dapps fell to 45% during the same period, after months of being the leading dapp use case.” Blockchain, play-to-earn game Axie infinity, skyrocketed and kicked off a gaming craze that is expected to continue all throughout 2022. Crypto pundits and gaming advocates have high expectations for p2e blockchain-based games and there’s bound to be a few sleeping giants that will dominate the sector.Let’s take a look at five blockchain games that could make waves in 2022.DeFi KingdomsThe inspiration for DeFi Kingdoms came from simple beginnings— a passion for investing that lured the developers to blockchain technology. DeFi Kingdoms was born as a visualization of liquidity pool investing where in-game ‘gardens’ represent literal and figurative token pairings and liquidity pool mining. As shown in the game, investors have a portion of their LP share within a plot filled with blooming plants. By attaching the concept of growth to DeFi protocols within a play-and-earn model, DeFi Kingdoms puts a twist on “playing” a game.DeFi Kingdoms aerial image. Source: Twitter DeFi KingdomsBuilt on the Harmony Network, DeFi Kingdoms became the first project on the network to ever top the DappRadar charts. This could be attributed to an influx of individuals interested in both DeFi and blockchain games or it could be attributed to its recent in-game, utility token (JEWEL) surging.JEWEL is a utility token which allows users to purchase NFTs in-game buffs to increase base-level stat, and it is used for liquidity mining that grants users the opportunity to make more JEWEL through staking. JEWEL/USD daily chart. Source: Gecko Terminal JEWEL is also a governance token that gives holders a vote in the growth and evolution of the project. In the past four months the token price surged from $1.23 to an all time high of $22.52. At the time of writing JEWEL is down by nearly 16%, trading at $19.51. Surging approximately 1,487% from its humble start of $1.23 four months ago, back in September, JEWEL token price has increased roughly 165% this last month alone, according to data from CoinGecko. Guild of GuardiansGuild of Guardians is one of the more anticipated blockchain games in 2022 and it is built on ImmutableX, the first layer-2 solution built on Ethereum that focuses on NFTs. Aiming to provide more access, it will operate as a free to play, mobile RPG game modeling the play-and-earn mechanics. Guild of Guardians Heroes. Source: Guild of GuardiansSimilar to blockchain games like Axie Infinity, Guild of Guardians in-game assets can be exchanged. The project seems to be of interest to many gamers and investors with both its NFT founder sale and token launch generating nearly $10 million in volume. Launching its in-game token in October of 2021, the Guild of Guardians (GOG) tokens are ERC-20 tokens known as ‘gems’ inside the game. Gems are what power key features in the game such as mint in-game NFTs, interact with the marketplace and are available to earn while playing. GOG monthly price action. Source: CoinGeckoFor the last month, the Guild of Guardians token has performed strongly, reaching an all-time of $2.81. Despite the token being down nearly 50% from it’s all-time high, at the time of writing, some members of the community are looking forward to the possibility of staking and liquidity pools, which are features that tend to help stabilize token prices.Galaxy Fight ClubImagine taking a proof-of-picture (pfp) NFT and making it into an avatar to battle other fighters in a galaxy far away? Galaxy Fight Club (GFC) is a blockchain game that switched its gear from a 10,000 avatar collection to the first cross-brand and cross-platform PvP fighting game where players can fight with their collection of avatars.Focusing on interoperability, GFC uniquely places high value on its original fighters, but allows other avatars to battle for the opportunity to earn rewards.Artist’s depiction of gameplay in GFC. Source: Galaxy Fight Club AvatarThe game is expected to launch on the Polygon network and it will feature different themes from various partnering collections such as Animetas and CyberKongz, integrating its cross–platform aim. GFC plays on the nostalgia of SuperSmash Bros., except one is battling for loot keys to open loot boxes rather than simply wiping out their opponent.GFC is currently in beta testing, and is facing minor setbacks, including a delayed IDO. To date, it’s not clear when public access will be made available, but many are hopeful for a Q1 2022 rollout. GCOINEach Galaxy Fighter generates anywhere between 5 to 15 GCOIN daily, and each fighter began generating GCOIN in October of 2021. If a fighter is sold, the new owner will inherit the GCOIN presently accrued. GCOIN is likely to be valuable in the ecosystem because it is needed to power players in game moves, the forging of weapons, opening loot boxes and training and selling second generation fighters.Despite its minor setbacks, an IDO for GCOIN is scheduled on PolkaStarter for January 6and is set to release 4 million tokens for sale at $0.50 each and a max allocation of $500 per wallet. Sadly, the project’s KYC and whitelist requirements have left many residents sitting out.According to Ado, a team lead for the project, “The first $1.5M was purchased and sold out in roughly 15 minutes, at which point the remaining $500K reserved only for the Battle Pass holders took another hour to be filled,” indicating a successful IDO. Approximately 2,600 unique wallets are holding GFC fighters, with the top wallet holding nearly 2% of the entire collection. CryptoBeastsCryptoBeasts is a pixelated digital art game that elicits the retro feel of the original Zelda game. Built on the Ethereum blockchain CryptoBeasts is a ‘peer-to-peer electronic rare egg system,’ (first for everything, right?) These 10,000 pixelated colorful eggs grant each owner one land parcel in the game’s “Eggland” universe and one DAO vote. Hatched CryptoBeasts. Source: CryptoBeastsThe DAO operates on a hierarchy where the number of eggs a player owns determines their status and as strange as it sounds, each decision appears to be calculated in CryptoBeasts. Numbers are worth noting as they can determine one’s status, and prime numbered eggs tout benefits like yielding more of its native CBX token and they also hatch rare beasts with increased strength.According to data from Dune Analytics, the highest-selling rare egg went for 5 Ether, valued at $9,085 at the time of sale. On December 31, 2021 an announcement about in-game tokenomics resulted in an uptick in sales and the current entry point at 0.05 Ether is notably higher than the 0.01 ETH mint price in June 2021. CBX tokenWhile Cryptobeasts claims it’s more than “play to earn,” but rather “fun-to-play” it is still a blockchain game whose competitive edge is also dependent on its tokenomics. The native token, CBX, is the in-game token that is scheduled to be airdropped to all rare-egg holders. CBX tokens can allegedly be used and earned in a variety of ways such as beast battling, land parcels generating daily CBX, completing certain in-game tasks and farming and harvesting resources. CBX can also be staked, incentivizing HODLing a little longer than intended. The token is expected to power in-game utilities and functionalities like purchasing items within the in-game economy to breeding. Similar to Axie Infinity, but not by happenstance, CryptoBeasts intends to integrate an academy and scholarship to provide the opportunity for bigger investors to loan out their assets.Axie Infinity Notably, the first blockchain game to execute its play-to-earn model, Axie Infinity has an established, highly developed ecosystem with a strong economic model. Axie Infinity is currently seen as the trojan horse for broader blockchain game adoption.3D scene of Axies. Source: Axie Infinity Land 3D TeaserAxie Infinity continues to solidify its place at the top of DappRadar NFT rankings, according to its data. As the top traded collection, Axie Infinity comes on top of NBA TopShot, Splinterlands, and WAX blockchain’s, “Farmer’s World,” closing out $563.6 million in the past 30 days. SLP, AXS and RONAxies are the NFT used for gameplay and can be bred using SLP, the in-game utility token, and AXS, which is the governance token. AXS can be staked, and with over $1.68 billion staked, users are continuing to reap a substantial APY despite yield being reduced from over 200% at the start to roughly 86%. The recent launch of the Katana DEX gives players the opportunity to provide liquidity using SLP or AXS to farm RON. RON is the ecosystem token and, similar to MATIC, it will be used as the gas fees on Axie Infinity’s Ronin sidechain. Axie Infinity, in many ways, is its own digital nation with a real economy. Like any first market mover, it faces challenges and its recent price correction could be an attractive entry point for investors who were previously priced out. With land yet to be released, users may have the opportunity to craft and harvest resources that will generate other tokens. To date, one of the largest digital land sales in the NFT / Metaverse sector came from an Axie Infinity one of 75 genesis land plots that sold for $2.3 million.Adapting to the rapidly growing blockchain games ecosystem, the Sky Mavis team has announced that it has rewritten the core engine from its 2D art style to 3D. The team also announced that ‘Project K’— codename for a piece of a game and Lunacia’s kingdom— will be released in phases and each focuses on different elements of the game from resource gathering to “group strategic gameplay.” As the concept of blockchain games gains broader adoption, and “play to earn” and “play and earn” models continue to develop, 2022 will be an exciting year for gamers, creators, and investors alike. The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Square Enix CEO reveals plans for blockchain, metaverse, NFTs

Wider adoption of nonfungible tokens (NFT) and play-to-earn games may be on the way, as one of the world’s largest gaming companies sees them as the future of the industry.Yosuke Matsuda, CEO of Square Enix, revealed the company’s intentions for blockchain and NFT spheres in his new year’s message on Saturday. In his letter, Matsuda begins with a discussion of the metaverse before noting that Facebook’s renaming to Meta is proof that the concept isn’t a passing fad. He expects 2022 to be a year of hype for the metaverse as society begins to slowly embrace virtual worlds and their ability to connect individuals across geographical boundaries. He thinks that extended reality technology, the growing use of cloud computing and 5G will all lead to the metaverse’s existence. While discussing the concept, Matsuda wrote:“As this abstract concept begins to take concrete shape in the form of product and service offerings, I am hoping that it will bring about changes that have a more substantial impact on our business as well.”a New Year’s letter from the Square Enix president talks about new tech/concepts including NFTs, the metaverse, and particularly how blockchain games “hold the potential to enable self-sustaining game growth” https://t.co/qtdFCvQdeB pic.twitter.com/FOG4S9Hpgb— Wario64 (@Wario64) January 1, 2022He goes on similarly about NFTs, then blockchain and play-to-earn. Matsuda points out that 2021 was “year one” for NFTs and the metaverse, during which there was a lot of wild trading that didn’t always correspond with market speculations.Investments in blockchain are still rising at a rapid rate, and some of the most adamant in trying to legitimize blockchain technology have been companies from the gaming business. Square Enix initially invested in the metaverse by taking part in a $2-million funding round for The Sandbox, an Ethereum-based metaverse game. Matsuda’s annual letter indicates that the firm is doubling down on several developing technologies.Related: Study: 58% of video game developers are already using blockchainMatsuda’s letter appears to be a reaffirmation of Ubisoft’s position that it will remain committed to its NFT and blockchain ambitions. Another big name in the gaming industry, Andrew Wilson, CEO of video game company Electronic Arts, agreed that NFTs and play-to-earn games are the future of gaming despite the fact that it’s still early to figure out how they’ll function.

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5 cryptocurrency projects that made waves in 2021

2021 was a breakout year for the cryptocurrency market in many respects and most investors are absolutely thrilled that Bitcoin (BTC) price established a new all-time high of $68,789. In the same timeframe, Ether (ETH) went on a parabolic rally which saw its price gain 565% from Jan. 1 to hit a record high at $4,859 on Nov. 10.While it was a banner year for large cap cryptocurrencies, some of the biggest gains and most impactful developments came from the altcoin market where decentralized finance (DeFi) and nonfungible tokens (NFTs) rallied by thousands of percent and helped to usher in a new level of awareness and adoption for blockchain technology and cryptocurrencies. Here’s a look at five altcoin projects that made significant contributions to the cryptocurrency ecosystem in 2021. UniswapThe decentralized exchange Uniswap (UNI) has arguably had the greatest impact on the crypto ecosystem as a whole since launching in the summer of 2020, with the DEX seeing significant growth throughout 2021 as it helped facilitate the launch of thousands of new crypto projects by removing the barriers to launch that existed on centralized exchanges.Data provided by Dune Analytics shows that Uniswap has been the dominant DEX throughout the year and it has consistently seen more trading volume than all other DEXs combined. Monthly DEX volume by project. Source: Dune AnalyticsAs seen on the chart above, the volume traded on decentralized exchanges really started to ramp up in the second half of 2021 led in large part by activity on Uniswap. Throughout 2021 Uniswap led the field in development as well, with the developers behind the protocol announcing the release of Uniswap v3 in March. The v3 upgrade included multiple protocol upgrades and it built the foundation to integrate layer-two scaling solutions like Optimism and Arbitrum with Uniswap as a way to help reduce the transaction costs and processing times for users. AaveAave (AAVE) is a DeFi lending protocol that allows users to deposit their tokens and lend them out as a way to earn a yield or pledge them as collateral in order to borrow another asset.As the DeFi sector started to gain traction in early 2021, AAVE emerged as a community favorite thanks to the wide swath of crypto assets supported and the backing from some well-funded players.Over the course of the year, AAVE expanded its capabilities and reach with the release of AAVE v2 which added support for Polygon, a layer-two scaling solution, and Avalanche, which is a popular cross-chain blockchain network.Total liquidity on the AAVE protocol. Source: AaveAs a result of these added capabilities, the total liquidity available on the AAVE protocol has surpassed $25.7 billion, making AAVE the top-ranked DeFi protocol by total value locked (TVL). CurveCurve Finance is a stablecoin-focused protocol that utilizes an automated market maker to manage liquidity on the platform and across the DeFi ecosystem. Stablecoins have emerged as a foundational piece for the cryptocurrency community as a whole in 2021 because they provide sufficient liquidity for the market and a safe haven for traders seeking shelter during periods of high volatility. The growing importance that stablecoins have benefited Curve protocol and its native CRV by accelerating its integration of stablecoins into many of the top DeFi protocols, including the Yearn.Finance ecosystem and Convex Finance. Despite the fact that a significant portion of the assets locked on the Curve protocol are stablecoins, the platform now ranks as the second leading protocol in terms of TVL behind AAVE, with data from Defi Llama showing that $21.77 billion in value is now locked in Curve vaults. Total value locked on Curve. Source: Defi LlamaCurve has also integrated with many of the most active blockchain networks, including Ethereum, Avalanche, Harmony, xDAI, Polygon, Arbitrum and Fantom, which is further evidence of the protocol’s quest to be the stablecoin liquidity provider for the entire crypto market. Related: US Financial Stability Oversight Council identifies stablecoins and cryptos as threats to financial systemAxie InfinityAxie Infinity is a play-to-earn (p2e) trading and battling game that allows participants to collect, breed, raise, battle and trade NFT-based creatures called Axies. The p2e model emerged as a new fan favorite over the course of 2021 because it provides users with the ability to earn a daily income alongside their gameplay, which offers a few unique advantages when compared to the traditional pay-to-play model.Alongside the rise in popularity of Axie Infinity came a new all-time high for the platform’s native AXS token. As the token stormed to new highs, the platform generated a daily revenue of $17.55 million at its height on August 6. Axie Infinity price vs. total revenue. Source: Token TerminalAxie Infinity was also one of the earliest projects to establish the trend of migrating away from the Ethereum network because of high fees and slow transactions. Earlier in the year the project migrated to the Ronin sidechain and in November the project launched its own DEX called Katana.DogecoinDogecoin is an open-source proof of work cryptocurrency that leads the field of “meme” coins that made headlines all throughout 2021. While the project has few contributions on the technological or development front, frequent shilling from the likes of Tesla CEO Elon Musk and Shark Tank star Mark Cuban helped to push Doge into a 23,746% rally that saw the price rise fr from $0.0031 on Jan. 1 to an all-time high of $0.74 on May 8. DOGE/USDT 1-day chart. Source: TradingViewOn top of the gains seen in DOGE price, the token received increased attention after it was announced that it would be used to help fund the launch of a lunar satellite by SpaceX and the Dogecoin movement also kicked off a meme-coin rally and spawned a bevy of copy-dog projects li Shiba Inu (SHIB) and Dogelon Mars (ELON). The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph.com. Every investment and trading move involves risk, you should conduct your own research when making a decision.

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Ubisoft pursues NFT initiative with aleph.im following fan backlash

Earlier this year, gaming giant Ubisoft joined the aleph.im network as a core channel node operator after the blockchain-based storage and computing startup became a part of Ubisoft’s Entrepreneurs Lab. On Tuesday, aleph.im announced that it will offer a decentralized storage solution for Ubisoft Quartz in order to further incorporate nonfungible tokens (NFTs) into Ubisoft’s AAA games.https://t.co/oTzJGUOcyw partners with Ubisoft to bring playable NFTs to AAA games for the first time!!! Read all about how we did it here https://t.co/JiFlATvFcX#aaa #games #decentralized #storage #computing pic.twitter.com/eytP8etvyI— Aleph.im Network (@aleph_im) December 21, 2021Players will be able to acquire dynamic NFTs called Digits on Quartz that will be used in Ubisoft’s Tom Clancy Ghost Recon Breakpoint game. Players can use Digits in-game and can also put them on sale on Rarible and Objkt marketplaces for others to buy. The metadata and the history of the item will be publicly available.Aleph.im’s technology enables players to see the names and achievements of previous item owners, as well as item descriptions and videos. The advantages of aleph.im’s system includes securely storing the NFT metadata on a fully decentralized storage network of over 70 nodes, allowing all NFT ownership to be tracked on the Tezos blockchain. Ubisoft and aleph.im claim they are working together to challenge traditionally static NFTs and enable the creation of dynamic NFTs with metadata that evolves as they transfer from player to player. Didier Genevois, Ubisoft’s blockchain technical director, said players need to actually own their Digit in order to fulfill the technology’s promise. “Aleph.im’s role was key in building this experiment by allowing us to decentralize the storage of the Digits’ video asset and metadata,” he said.Related: Ubisoft will seek to invest in and create blockchain gamesCointelegraph previously reported on the backlash that Ubisoft received when it first announced its foray into NFTs. The Ghost Reckon community was not entirely happy with what they deemed a “cash grab.” Ubisoft’s response is to pivot to dynamic NFTs with the help of aleph.im to ease their players’ concerns.

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NFT gaming generated $2.32B in Q3 — BGA report

Blockchain gaming continues to grow and dominate the nonfungible token (NFT) space with a share of roughly 22% of all NFT trading volume in the third quarter of 2021, according to a report released by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September. Metaverse-related activity was also highlighted in the report. It showed that virtual land sales reached $42.6 million while the total market capitalization for virtual world decentralized apps reached an all-time high of $4.6 billion at the end of November. Additionally, the report mentioned that there is a “6,566% increase in daily unique active wallets.” These are wallets that interact with smart contracts connected to games. The report also cited significant investments in blockchain gaming companies this year. Hong Kong-based game software company Animoca Brands raised $88 million in May, $138 million in July and $65 million in October, doubling its valuation to $2.2 billion. Additionally, Cryptokitties developer Dapper Labs shocked the world with $230 million in sales on its NBA Top Shot project. Meanwhile, Pokemon-inspired NFT battling gaming Axie Infinity currently holds the record as the highest NFT sales with almost $4 billion all-time sales. DappRadar co-founder Dragos Dunica believes that this growth will continue as everything comes together toward the metaverse. According to Dunica, the user growth of blockchain games will lead to something bigger and “potentially all-encompassing, the Metaverse.”The metaverse has been described as more than a game, but less than the real world. As our interactions become more virtual, NFTs appear to be a pivotal factor in accelerating the metaverse’s development. https://t.co/iE0pAlWkux— Cointelegraph (@Cointelegraph) August 29, 2021Related: We saw mainstream adoption for NFT art kicking off in 2021, says NFT.NYC co-founder Cameron BaleAs the metaverse becomes more popular, major companies are jumping into the fray. In China, despite warnings from the government about NFTs and virtual assets, companies embarked on a race to register metaverse-related trademarks. More than a thousand companies applied to register 8,534 metaverse trademarks by Sunday.

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Avocado Guild and TPG Telecom partnership lets players earn mobile data with tokens

TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avocado Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games.While commenting on the new partnership, Avocado Guild CEO and co-founder Brendan Wong said that the partnership contributes to the overall vision for Avocado Guild “to enrich our scholars’ lives by allowing them to exchange the tokens for internet access.”The collaboration with the Avocado Guild, according to CEO Richard Tan of TPG Telecom, allows TPG Telecom to take a long-term approach toward participating in the blockchain digital economy. The TPG Telecom and the Avocado Guild will also introduce a pilot project, which utilizes the Avocado DAO and involves PSP Soteria Ventures (PSV) and QCP Capital, according to the announcement.Related: Binance partners with Indonesian telco to develop new crypto exchangeThe new collaboration comes after Avocado Guild raised $18 million in Series A funding to help it grow its gaming services. The company will invest the cash to expand its technological know-how and transition to Avocado DAO, a decentralized autonomous organization.The Avocado Guild is a blockchain gaming association that highlights the play-to-earn (P2E) business model. In this system, gamers profit from playing games rather than through the traditional microtransactions seen in most mobile and PC games. Players are rewarded with digital assets that have real-world value. These assets can be used to purchase in-game items or traded on secondary markets for cash.

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'We saw mainstream adoption for NFT art kicking off in 2021,' says NFT.NYC co-founder Cameron Bale

For the past three years, NYC.NFT has been the leading annual gathering in the nonfungible token and digital blockchain art world. This year, over 5,500 attendees and 135 sponsors joined debates, talks, workshops and briefings in the namesake event. In an exclusive ask-me-anything session, Cameron Bale, co-founder of NYC.NFT, joined Cointelegraph Markets Pro users to discuss the outlook on the NFT industry. Here’s what Bale had to say.Cointelegraph Markets Pro User: You had some amazing speakers in NFT.NYC 2021. Can you tell us a bit aboutwhat insights were shared by some of those heavily influential folks?Cameron Bale: Some people don’t realize it, but 2021 was our 3rd year hosting the event. Hardly anyone knows!! We had 500 attendees in the first year (I think beyond those people, most believe NFTs have only been around a year or so!) Personally, since our first year, I think we knew that many industries, beyond gaming and art, would be disrupted by NFTs. The coolest thing was seeing real-world applications of NFTs within some of those industries.CT Markets Pro User: Justin Herzig presented a “formula” to value NFTs. Is there such a thing? How can NFT.NYC help projects build a community?CB: I think that is an excellent idea so long as people don’t treat it as gospel. Certain signals can suggest or help predict the increasing value of a project, such as news stories, the buzz on social, growing community on Discord. People relying on this information and investing money they can’t afford to lose high risk — indicators like Justin presented need to come with a disclaimer, as I’m sure he does![embedded content]CT Markets Pro User: Other than art, what are the most critical use cases for NFT?CB: There are some pretty cool use cases out there. Anyone who joined the space early might recognize these cycles of NFTs penetrating different industries. Art and collectibles came first. In my opinion, this was because they are digestible and relatively easy to understand use cases. Following that, blockchain gaming, and then onto more focused industries, ticketing, entertainment, genetics, all sorts of cool stuff. Finally, in 2021 we saw mainstream adoption for art kicking off. Thank you, Beeple, Metakovan, and Christie’s, for bringing it to the mainstream!Now we are seeing events that shine a light on those other industries. Gaming and metaverses are starting, etc. The question above about Zuckerberg and Meta is interesting. Anyone who holds land in the Sandbox or other metaverse projects probably noticed a spike in interest in their assets following Facebook’s announcements.The NFT community is curious and optimistic about how NFTs can disrupt these different industries. Still, without adoption by mainstream media and brands who can reach millions/billions and show them HOW, we won’t see the impact we want.Related: The NFT world is gradually bridging the gap between niche and mainstreamCT Markets Pro User: What are the top NFT projects you will watch for 2022?CB: Three things guide my personal interests. (1) Does it have a meaningful utility that adds value to my life, or someone else’s — I am excited about virtual land now that the world is waking up to metaverses! (2) Is there a community — this could be literal in the sense of Discord groups or online communities, or it could be aspirational, like getting an NFT from a brand you admire and becoming part of “the tribe” (3) Do I love the art?CT Markets Pro User: How will NFT be used with consumer goods? Serialized products?CB: That’s a really broad one! Digital twins/NFT registration of high-value or luxury goods is a cool use case. We ran a trial at NFT.NYC, where we gave away 1,000 caps — each contained an NFC tag which could be scanned by tapping your phone on it.The first time it was tapped delivered you an NFT that essentially registered the product. Subsequent taps after that then showed whoever scanned the tag who owned the product (via the NFT). I think that’s an excellent example because you can verify the authenticity of the physical product by confirming that the official brand minted the attached NFT. Another one for consumer products is coupons. Of course, digital coupons have been around forever, but using NFTs as the store of value of coupons makes them tradable and composable.Related: Daft Punk meets CryptoPunks as Novo faces up to NFTsCT Markets Pro User: Will NFT.NYC 2022 tickets be minted as NFTs?CB: This was a common question at NFT.NYC 2021. We have experimented with NFT ticketing every year of the event. There are some great crypto-centric products out there (we had a great experience with Mintbase in 2020). However, in my experience, I’ve yet to find a platform that caters to the business needs of a large-scale event (think communications with attendees and badge printing, etc., or to mainstream audiences). We are focused on bringing mainstream media and newbies into the space.)

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MGA Entertainment and Ioconic launch L.O.L. Surprise NFT platform in 20,000 retail stores worldwide

Toy company MGA entertainment announced Tuesday that the first NFT-based cards for the L.O.L. Surprise trading card game are now available for purchase.The company entered into a partnership with digital asset consultancy firm Ioconic in September, and now hopes that the $25 billion L.O.L. Surprise brand will succeed in ushering its young fans into the NFT ecosystem.10 million physical packs of the card game, containing 50 million individual cards, are to be delivered to global retailers before the end of the year, according to the announcement. L.O.L. Surprise collectors will receive a QR code that can be scanned to redeem online rewards in the Play L.O.L Surprise portal. Rewards include digital trading cards, tokens, NFTs or a digital version of their physical collectible. Users can view their collection in their L.O.L. Surprise Art Gallery, and purchase additional NFTs in the L.O.L. Art Shop when new collections become available through limited drops.Related: $25B toy brand to launch L.O.L. Surprise NFT collectiblesIn a statement shared with Cointelegraph, Jamie Lewis, CEO of Ioconic, said that the game will, “launch in 20,000 major retail outlets across the globe, including Walmart, Target, and Walgreens in the US, and Tesco, Asda, Smyths, and Amazon in Europe.”All transactions will be powered by the Polygon blockchain, while Forte integrates the blockchain technology into the games. Forte, a U.S.-based startup that provides blockchain solutions for game publishers, recently raised $725 million in its Series B round. Sandeep Nailwal, Polygon Cofounder, added that “Polygon is delighted to support the fastest-growing global toy doll brand, L.O.L. Surprise as they move these beloved toys on-chain with the help of Ioconic. L.O.L. Surprise NFTs will provide an innovative way to increase fan engagement.”Physical L.O.L Surprise dolls first launched in 2016, and have been annually listed as the No. 1 U.S. Toy Property by market researcher the NPD Group ever since. MGA Entertainment also owns brands such as Bratz and Rainbow High.

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Nifty News: Pepsi’s debut drop, 1inch expands P4 Metaverse and Tom Brady gifts NFTs

Cointelegraph has had a lot of NFT related news this week from pop culture to sports and gaming. Below is a roundup of stories you don’t want to miss. Pepsi and VaynerNFT team upPepsi launched their Mic Drop genesis NFT collection made up of 1,893 generative style NFTs on the Ethereum blockchain. The number commemorates the year Pepsi was born. Consumers will only have to pay gas fees, and to ensure more manageable fees, Pepsi implemented a waitlist process from now until December 14.In homage to the brand’s history, the design of the NFTs are grounded in variations of a microphone visual and inspired by iconic Pepsi flavors including classic blue Pepsi, silver Diet Pepsi, red Pepsi Wild Cherry, black Pepsi Zero Sugar and more.The Pepsi Mic Drop NFT collection was designed by and created with VaynerNFT, a consultancy under the umbrella of the VaynerX holding company. Gary Vaynerchuk, CEO of VaynerNFT told Cointelegraph, “NFTs will change the culture of value creation forever; this is an exciting moment for the brand to build loyalty & bring immense value to its community & fans.”Additionally, Pepsi is implementing a carbon offset program for the launch of the Pepsi Mic Drop NFT to ensure a net carbon footprint of zero.1inch and Parts of Four drop Mystery BoxA joint collection of magic and industry by 1inch and Parts of Four will debut as a Mystery Box drop on the Binance NFT Marketplace on Dec. 13. In total, 22,000 NFTs with 31 versions will be minted across 7 levels of sophistication, and offered at 25 BUSD each.Based on the Parts of Four catalog, the NFT collection of digital jewelry employs an alchemy-based NFT approach. The collection will also be part of a game focused on acquiring and forging rare wearables across P4’s upcoming Greater Metaverse.The P4 Metaverse expansion will begin with an ERC-20 community token, P4C, and then towards an NFT platform running on the Binance Smart Chain, or BSC. The Parts of Four ecosystem plans to promote interaction with the physical world via embedded tech, AR and bi-directional swaps via the P4 platform.Tom Brady drops Origins NFT Collection for the holidaysThe Tampa Bay Buccaneers quarterback Tom Brady released a 16,000 collectible set on his Autograph NFT platform called “Live Forever: The Tom Brady Origins Collection.”This collection that represents memories from the beginning of his football career includes a resume he created prior to his 2000 draft selection, a stopwatch, cleats, a jersey from the NFL combine, and more.This is why we started @Autograph, to turn memories into collectibles that people can hold onto forever. The Origins Collection arrives today for pre season access pass holders and Thursday for everyone else…be ready LFG!! pic.twitter.com/TEGfSNjqIl— Tom Brady (@TomBrady) December 7, 2021The catch however is that the NFTs will be a mystery at the time of purchase until Dec. 14 when token owners can unlock them to reveal a collectible in 1 of 5 possible styles and tiers of rarity.Tezos x Pantone Color of the Year InitiativePantone, the global color authority, has chosen the energy-efficient Tezos blockchain to release the Color of the Year 2022 through a digital collection as NFTs. PANTONE 17-3938 Very Peri, is the Pantone Color of the Year selection for 2022. This year marks the first time a colour has been created specifically for Pantone’s colour of the year designation. Paris-based multidisciplinary artist, Polygon1993, will create artworks inspired by this periwinkle shade to develop a digital representation of the color..@Tezos x @PantonePantone announces an exploration of the digital art world with #Tezos x Pantone Color of the Year initiative.The initiative illustrates how color trends in the digital world are being manifested in the physical world and vice versa. pic.twitter.com/hM5fdBOY8E— Tezos (@tezos) December 9, 2021

Tezos, with over 50 million transactions in 2021, had an average carbon footprint of just 17 individuals.Other Nifty NewsFrench gaming giant Ubisoft Entertainment SA is facing backlash from the gaming community after launching its new NFT platform Ubisoft Quartz. Ubisoft’s YouTube video introducing its NFTs got a 96% dislike ratio. Virtual land sales in the metaverse have been dominated by NFT sales since the beginning of December reaching over $300 million. Of that total, almost a quarter has been for digital land in The Sandbox metaverse, outpacing all other items, art and collections.

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Ubisoft launches Ubisoft Quartz platform for playable and energy-efficient NFTs

French video game publisher Ubisoft announced its first foray into nonfungible tokens (NFTs) via a new platform called Ubisoft Quartz to launch in beta this week with Ghost Recon Breakpoint for PC players on Ubisoft Connect. Introducing Ubisoft Quartz We’re bringing the first energy efficient NFTs playable in a AAA game to Ghost Recon: Breakpoint!Try it in the beta from December 9 with three free cosmetic drops and learn more here: https://t.co/ysEoYUI4HY pic.twitter.com/owSFE2ALuS— Ubisoft (@Ubisoft) December 7, 2021Related: Microsoft muscles into the metaverse with Teams updates and Xbox upgradesAccording to a statement shared on the Ubisoft website, players can get collectible pieces of Ubisoft game worlds called Digits, which are “the first NFTs playable in AAA games and running on energy-efficient technology.” Digits, such as in-game vehicles or weapons, will be released in limited quantities and editions and rewarded to early adopters for free on December 9, 12, and 15 in the United States and Canada. Quartz will also be available in Brazil, Spain, France, Belgium, Germany, Italy and Australia.Ubisoft Quartz’ energy-efficient technology is leveraged on the proof-of-stake blockchain Tezos. Didier Genevois, Ubisoft’s blockchain technical director, expressed the company’s commitment to reducing its global footprint in an interview published on the corporate website:“This type of blockchain achieves the same results while using significantly less energy than proof-of-work protocols. To give you an idea, a transaction on Tezos is equivalent to 30 seconds of video streaming, while on Bitcoin, it is equivalent to watching one year straight of video streaming!”Previously, however, Ubisoft had partnered with distribution platform Ultra to leverage its games on the UOS blockchain. Cointelegraph reached out to Ubisoft to learn about their relationship with Ultra. No comment was received before the time of publication.Related: Ubisoft will seek to invest in and create blockchain gamesIn the same interview with Genevois, Ubisoft’s blockchain product director Baptiste Chardon added his take on NFTs and gaming:“This new approach can even, on a longer term, open up new opportunities such as interoperability between games. […] We see blockchain as a means of placing back into the hands of players and creators the value they generate through their engagement with their games.”Ubisoft ranks among the top 25 largest gaming companies worldwide in terms of market capitalization, hovering over $5.8 billion. And it is significant that a AAA gaming company is championing blockchain technology when other companies like Valve have recently removed blockchain games from their marketplaces.

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