Značka: Music

Going meta: Disney, Second Life and K-pop

Following the announcement that Facebook’s parent company would be rebranding in a shift towards the Metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer. Visit Disneyland… in the Metaverse?The entertainment company behind some of the most popular theme parks in the world recently had a patent approved for a “virtual-world simulator in a real-world venue.” Though the Los Angeles Times reported that Disney had “no current plans” to use the simulator in the near future, the application does suggest Disneyland and Disney World guests may eventually see Metaverse attractions at one or more of the parks in the United States, Hong Kong, China, France, and Japan. Disney World in Orlando, Florida. Source: PexelsThe tech would work by tracking visitors using their mobile phones and generating and projecting personalized 3D effects onto nearby physical spaces, such as walls and other objects in the park. According to the patent application, Disney’s possible foray into the Metaverse could “provide users with realistic and highly immersive individualized 3D virtual experiences without requiring those users to wear an augmented reality AR viewing device.”K-pop in the Metaverse?On Monday, Metaverse concert organizer Animal Concerts announced it had inked a deal with South Korean unicorn Kakao’s Klaytn network as part of a plan to increase its exposure to the country’s entertainment industry. Animal Concerts CEO Colin Fitzpatrick said that “Klaytn’s major goals are NFTs and Metaverse.”“Technical limitations prohibit how many people can actually attend a concert in the Metaverse,” said Fitzpatrick, referencing scalability issues. He aims to build a network of virtual venues across existing and new Metaverse platforms to host concerts with a variety of talent, seemingly including K-pop artists.Second Life creator returns as project goes metaLinden Lab, the company behind the virtual online world Second Life, announced on Thursday founder Philip Rosedale would be rejoining the project as a strategic adviser along with Metaverse team members of San Francisco-based VR company High Fidelity. According to the firm, the addition of the new and old talent would facilitate Second Life’s entry into the Metaverse.“Virtual worlds don’t need to be dystopias,” said Rosedale. “Big Tech giving away VR headsets and building a metaverse on their ad-driven, behavior-modification platforms isn’t going to create a magical, single digital utopia for everyone.”Launched in 2003, Second Life was one of the earliest virtual world experiences before the connectivity of modern social media platforms like Facebook, Twitter, and Instagram. Rosedale departed as the CEO of Linden Labs in 2008 before going on to found High Fidelity in 2013. His return could mark a significant milestone for incorporating new Metaverse-themed ideas into established platforms:Philip Rosedale returning to Linden Labs (breaking news today) definitely reminds me of Steve Jobs in the 90s returning to Apple #secondlife #metaverse— Andrew Oleksiuk (they/them) (@Andrew_Oleksiuk) January 13, 2022

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Nifty News: The Red Ape Family show, Mini Royale on Solana and The Weeknd’s NFT collection

Catch up on nonfungible token (NFT)-related news this week as Cointelegraph rounds up the stories you don’t want to miss. Bored Apes gets cast in an TV seriesThe Red Ape Family (TRAF) is a new animated comedy series centered on Bored Ape Yacht Club (BAYC) NFTs. Episodes are sold as individual NFTs and run between 5 to 10 minutes long. The plot is about a family of Bored Apes that escape Earth to live on Mars.OpenSea is already reselling Episode 1 and the yet-to-be-released Episode 2 is available to mint. One Episode 1 token holder received a Bored Ape, three token holders won two Mutant Apes, and others were airdropped a poster, gravity sneakers and a discount to mint Episode 2.The cast, made up mostly of Bored Apes, will also include Mutant Apes, the Bored Ape Kennel Club, Coolcats, Craniums and Lions. Rapper 2 Chainz is an executive producer. The first episode is available on YouTube:[embedded content]The Weeknd drops animated NFT collection on AutographThe Weeknd’s “Blinding Lights” song became the No. 1 song on Billboard’s Greatest Songs of All Time Hot 100 Chart and to mark the milestone, the artist and Billboard released a series of NFTs this week.The seven-piece NFT collection includes a one-to-one NFT featuring The Weeknd’s November 2021 Billboard cover, as well as three trading cards, each in two editions, inspired by the “Blinding Lights” music video. Each piece is signed by The Weeknd.Fans can purchase these NFTs on Tom Brady’s Autograph marketplace.”Blinding Lights” is officially the #1 Hot 100 song – of all time. In celebration, we’ve partnered with @theweeknd and @billboard on a limited-edition, hand-signed collection exclusively on @opensea. Auction starts today, December 20 at 5pm ET. https://t.co/JV54p3RSvR pic.twitter.com/PMLWsUYvAN— Autograph (@Autograph) December 20, 2021Related: Ubisoft pursues NFT initiative with Aleph.im following fan backlashMini Royale game adds 2M playersMini Royale: Nations, a web-based first-person shooter, became the first live multiplayer game to run on Solana after existing as a blockchain-integration-free game for months. Following the launch of its first in-game NFT items, the number of active players has doubled.On Dec 16, 2021, Mini Royale: Nations became the first live multiplayer game on @solana pic.twitter.com/WnTO8tGQnX— Mini Royale: Nations (@MiniNations) December 16, 2021

However, Mini Royale is not a play-to-earn game. An NFT acts as an in-game avatar and owners can receive benefits, including the game’s upcoming CHEDDAR token. So far, Mini Royale NFTs have sold for 17,637 SOL, worth roughly $3.2 million, on the Magic Eden market place. RadioShack makes a comeback in cryptoAfter filing for bankruptcy twice in 2015 and in 2017, the century-old former electronics retailer is planning to launch the RADIO token as part of “RadioShack DeFi” that will enable users to trade tokens via the Atlas USV protocol. Atlas USV is a project that is attempting to build a universal base layer for the DeFi sector.Are you ready? https://t.co/gXXKXc1UT2#RadioShack #Blockchain #Cryptocurrency pic.twitter.com/rXT3HvGli1— RadioShack (@RadioShack) December 19, 2021

According to its proposal, RadioShack’s new mission is “to be the first protocol to bridge the gap in mainstream usage of DeFi.” By targeting “blue-chip, large corporations” and aiding their transformation into blockchain companies, RadioShack wants to educate CEOs and an older generation of crypto users.Related: 3 embroidery artists weave NFT charity drop to help victims of human traffickingOther Nifty NewsAs the year draws to an end, Cointelegraph rounded up the top ten NFT projects of 2021 based on trading volume and communities.For a more in-depth look at the prices behind the top collections, the Cointelegraph Research team released an 80-page report on NFTs. It found that the CryptoPunks collection has had the highest return for collectors since 2017, while Bored Ape Yacht Club has had the highest return for collectors in 2021.

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NFT music platforms to disrupt Spotify in 2022, Saxo Bank predicts

As popular music streaming services like Spotify cut much of musicians’ revenues, new technologies like nonfungible tokens (NFTs) are likely to help artists grab back their fair share, Saxo Bank predicted.According to one of Saxo Bank’s Outrageous Predictions 2022: Revolution, music creators would benefit from NFT-based streaming platforms as they allow distributing music directly to listeners without centralized middlemen charging a fee. Saxo Bank’s cryptocurrency analyst Mads Eberhardt argued that mainstream music streaming platforms like Spotify and Apple Music take a substantial cut, which together with the cut paid to labels is some 75% or more of the total revenue.“These models don’t guide individual subscribers’ fees to the actual music an individual subscriber listens to,” Eberhardt stated, adding:“The use case for NFTs could prove particularly compelling in the next step for the technology for content generators in the music industry as musicians feel unfairly treated by the revenue sharing models of the current streaming platforms like Spotify and Apple Music.”The analyst noted that NFT-based music streaming projects are likely to start kicking off in 2022, including initiatives like Audius, a blockchain music platform backed by Katy Perry, The Chainsmokers and Jason Derulo. Based on blockchain, the Audius platform is a decentralized music-sharing and streaming protocol designed to cut out the middleman from the music industry and allow fans and creators to interact with each other directly.In contrast, the future of traditional streaming platforms like Spotify is “bleak,” according to Saxo Bank. The company predicted that Spotify shares would tumble 33% in 2022. SPOT has already been dropping in 2021: starting the year around $300, Spotify shares dropped to as low as $204 in August, according to data from TradingView. At the time of writing, SPOT is trading at $229.In the meantime, Spotify’s revenues have been steadily growing over time, reflecting much potential for NFT-based music platforms to disrupt. According to Spotify’s official 2020 financial results, the company generated 7.85 billion euro ($9.5 billion) revenue last year, a 16% increase from 2019. Spotify’s financials continued growing in 2021, with the total amount of monthly active users surging 19% year-on-year to 381 million in Q3 2021.Source: Business of AppsRelated: NFT music marketplace Royal raises $55M in Series A roundAs previously reported, Spotify has been paying attention to the cryptocurrency industry, looking for talent with a crypto background in late 2020. The firm is also well aware of the rise of NFTs as it mentioned NFTs in its Spotify Wrapped 2021 compiled for users on Dec. 1, 2021.I will say I was not expecting to see an NFT reference in my Spotify Wrapped today but here we are pic.twitter.com/KnpwrR90Y4— Meghan Bobrowsky (@MeghanBobrowsky) December 1, 2021Spotify did not immediately respond to Cointelegraph’s request for comment.

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