Equality, transparency and a community driven NFT approach to the metaverse
The power of web 3 in decentralized storage, revolutionary NFT practices and latest trends in gameFi
In this weekly issue relevant topics are stated about major changes in which both NFTs and metaverse are currently going through. There are many reasons pointed out why the decentralization of doing things is the way to move forward.
Furthermore, new companies have the chance to innovate in the early stages of the metaverse, leaving significant impacts to future users and take advantage of new opportunities to capitalize in this growing industry.
Finally, we will provide you with some new gameFi announcements and trends that have been dominating on social media.
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Balancer: an Ethereum, Polygon and Arbitrum - Based Automated Market Maker Protocol
Future metaverse predictions and the necessity for decentralized storage
Based on expert opinions, it is estimated that around 25% of the population will interact with the metaverse. This prediction might be achieved if brands decide to collaborate together and unify their vision. At the moment, nothing is certain due to the fact that the metaverse is still at a nascent stage. 📚 Further reading Moreover, metaverse developers have to face various technicalities that are essential for a smooth metaverse operation. One of the aspects that simply can't be ignored is decentralized storage.
Source: beincrypto.com
Three key qualities a web3 must possess are: 1) Data sovereignty 2) Interoperability 3) Security Web3 will be subject to greater demands in the coming years, so humans must get it right. Discover here how.
More sophisticated NFT practices on the horizon
We have come to a stage where our whole imagination is started to become NFT related. Recently, some articles have included the role of NFTs in supporting content creators and in the ticketing industry. NFTs are giving content creators more autonomy on monetization and content rights, therefore enabling them to maximize their earnings. The NFT technology will help to prevent from content being replicated and avoiding plagiarism. It will identify the source of the digital item, making a finite number of duplicates from that source, and uniquely tracking each replica. Also third parties will not be able to sell content at the expense of the original content providers. ✏️ Learn more
Source: centaurify.com
The same can be applied in the ticketing industry. It can forever solve the transparency problems as it is all recorded on the blockchain. Thus, bad actors will no longer be able to scam fans with fake tickets on the secondary market. This needs to be implemented on a global scale. The first niches to do so are in the event & music industry.
Centaurify
Centaurify is the leading firm functioning as the NFT bridge to the music industry. It uses DeFi technology to tokenize tickets as NFTs in order to avoid scalping and fraud. On top of that, it is built on multiple blockchains such as Ethereum, Solana, Polkadot and Cardano, which will help the firm to distribute thousands of tickets at a low cost and in a sustainable manner. 🎶 All details about Centaurify
Tribe X - The first Green-Chip NFT project in the metaverse
The core objective of the project is to bring communities together who are left out during sudden digital advancements. Tribe X plans to do so by launching an educational platform where qualified individuals will be able to provide new opportunities to minority communities to benefit both in the metaverse and real world.
Source: cdn.newswire.com
The participants will be identified in the form of an avatar. Tribe X is a collection of 11 thousand 3D avatar-style NFTs built on the Ethereum blockchain. The slogan 'we exist to impact lives' aims to provide diversity and inclusion in the metaverse. TRIBE X NFT holders will receive plenty of additional bonus, such as: 1) fractionalized ownership over blue-chip NFTs; 2) co-ownership of the upcoming TRIBE X Agency; 3) co-ownership of valuable land in the Metaverse. 👩🦱️ Discover all features of Tribe X
10 cool innovations in NFT and metaverse
💯 NFT Terminal - real time NFT data analytics. 💯 Secretworld.network - first metaverse bridge between real and the virtual world 💯 Quoth - all in one NFT authentication oracle 💯 Metabrge - first ever digital retailer on the top 3 metaverse platforms 💯 Dixel Club - draw to earn 💯 Ethereum Towers - meet-ups and NFT galleries 💯 Bit Hotel - gamified virtual hotel experience 💯 Smart MFG - first 3D NFT marketplace focused on interoperable 3D metaverse assets 💯 Arenum - leading E-sports brand 💯 Theos - change environmental impact caused by NFTs
Important events, new releases and partnerships
💥 Impossible NFT whitelist 💥 Meta Penguin Island press release 💥 Gala Games expanding NFT offerings 💥 EdenSol - Solana based metaverse 💥 Blockchainspace x Cyball 💥 Bomb Crypto - 800k holders 💥 Infinity Arena - $1.5 million USD in private and seed round 💥 Defenders Rise release - 10th of February 💥 OP Games - 11th of February 💥 Metamall VR - 14th of February