The Metaverse calls: NFTs construct virtual economies to stay relevant in 2022
“Utility” is the 2022 NFT buzzword and a few forward-looking projects are venturing into the Metaverse by integrating gamification and token emission strategies to their roadmap. As NFT projects prepare to embark into the Metaverse, it seems they are pivoting from their static imagery to integrating mechanics that provide utility.Notably, Bored Ape Yacht Club has amassed over $1 billion in total volume and announced a mobile play-and-earn game, while fellow primate projects, CyberKongz and SmolBrains continue to announce and integrate new gamification features to their collections.....
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2022 is ramping up to a buzzing year for the metaverse. Upcoming projects like Next Earth aim to usher in a new era of user-governed virtual worlds. Next Earth is a metaverse that uses blockchain technology to manage virtual land NFTs on a 1:1 replica with Earth. This allows users to buy, sell, and trade virtual land as they please. The platform also has a built-in marketplace where users can buy and sell digital assets, from the virtual Pyramids to pixel-colored Land Art. One of the most impressive features of Next Earth is its focus on environmentalism. 10% of all transactions on the....
Trademark applications filed for NFTs alone grew from a total of 2,142 filed for 2021 to 6,855 by the end of October 2022. The number of companies filing trademarks for nonfungible tokens (NFTs), metaverse-related virtual goods and services, and cryptocurrencies has grown rapidly in 2022. According to data compiled by licensed trademark attorney Mike Kondoudis, the number of trademark applications filed for digital currencies, as well as their related goods and services, has reached 4,708 as of the end of October 2022 — surpassing the total number filed in 2021 (3,547). Thru October, 4708....
Virtual reality (VR) is a computer-generated, three-dimensional depiction of a digital environment at its most basic level. The beauty of VR is that it may be any environment or simulation we want it to be, and we can be “in” it, engaging in a variety of ways, having multisensory experiences, and even doing things that defy logic. Thanks to the creation of the metaverse, virtual reality is going to become much more than what we know it to be now,. VR’s future is bright, but before we get there, it’s vital to understand how it came to be and why it’s become such a....
People can have a better knowledge of the Metaverse and Web3 by learning how to utilize Minecraft. What is the Metaverse?The Metaverse is a term coined by Neal Stephenson in his 1992 science fiction novel Snow Crash to describe a future virtual reality-based online world. Some have gone as far as pronouncing Stephenson’s novel a prediction of the future.Before you agree that it’s some mystical peek into the future and invoke the rules of time travel, let’s first investigate what the Metaverse is through the lens of something much more accessible: Minecraft. But, more on this later.Unlike....
One of the most significant applications of virtual reality and metaverse technology involves education and the prospect of incorporating virtual reality classes. Social media giant Meta is implementing this concept by aiding 10 universities in launching campuses that will be built on metaverse “soil.” As part of its $150 million Immersive Learning Project, Meta (formerly Facebook) […]