📣 Tokens.com’s Metaverse Subsidiary Acquires CocoNFT
Tokens.com Corp. (NEO Exchange Canada: COIN)(Frankfurt Stock Exchange: 76M) (OTCQB US: SMURF) (“Tokens.com” or the “Company”), a publicly-traded company that invests in web3 assets and builds businesses linked to crypto staking, the metaverse, and play-to-earn gaming.
Metaverse Group will work to advance Coco’s technology offering and integrate the products with its virtual world B2B offerings. Additionally, Metaverse Group will leverage Coco’s strategic partnerships with the likes of Opensea and Rarible, and the online communities that Coco has built with over 45,000 followers across TikTok and Twitter. Coco’s co-founders will join Metaverse Group, Mark Allen as Chief Technology Officer and Brody Berson as Chief Product Officer.
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🔫 Metaverse Tokens ApeCoin, Axie Infinity Ring in New Year With 6% Surge
The prices of metaverse-related cryptocurrencies including ApeCoin (APE) and Axie Infinity (AXS) have shot up by around 6% in the past 24 hours. In contrast, the broader cryptocurrency market cap is only up around 1.6% in the last 24 hours.
The news came as APE recently finalized its Special Council elections, which saw five members elected to govern the future of the ApeCoin project. ApeCoin is the utility and governance token that underpins Otherside, the metaverse project from Bored Ape Yacht Club creator Yuga Labs. Elsewhere, video game publisher Square Enix reaffirmed its commitment to blockchain and Web3 gaming in its annual New Year's letter.
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🖼 NFT Sales Continue to Decline, With ETH-Based NFTs Seeing a 20% Drop in the Past Week
Non-fungible token (NFT) sales over the last seven days are ending the year 13.97% lower than the week prior. During the last week, statistics show that $147,054,554 in NFT sales were recorded across 334,668 NFT buyers.
NFT sales are down this week, 13.97% lower than last week according to cryptoslam.io metrics. 2022 hasn’t been a good year for NFTs as sales and NFT values have slid dramatically over the last 12 months. Out of the $147.05 million in NFT sales this past week, NFTs that derived from Ethereum (ETH) represented $113.86 million of the aggregate sold in seven days.
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📣 Financial Giant Fidelity Files Trademarks for Crypto, NFT, and Metaverse Products
Fidelity Investments, a major financial services firm with $10 trillion in assets under administration, has filed several trademark applications for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services.
Fidelity Investments filed three trademark applications with the United States Patent and Trademark Office (USPTO) last week for a wide range of cryptocurrency, non-fungible token (NFT), and metaverse products and services. Fidelity has $9.6 trillion in assets under administration as of Sept. 30; the financial services firm serves about 40 million individual investors.
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🇨🇳 China’s Quanshi Hits Limit up on Deal to Build Metaverse Space for Travel Agency UTour
Shares in Beijing Quanshi World Online Network Information surged by the exchange-imposed limit today after the Chinese digital tech and marketing services provider said it will develop an exclusive, immersive and interactive virtual brand space.
Quanshi will create UTour-specific tourism content in its ‘Infinite Box,’ which is a virtual commercial complex that Quanshi launched in March, it said yesterday, citing a deal penned between the two parties that day. By wearing a special virtual reality headset, people can enter the ‘Infinite Box’ through computers, mobile apps and other means. to showcase and promote its virtual digital products.
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📉 Donald Trump’s NFT’s floor price drops 80% in 10 days
Former U.S. President Donal Trump’s NFT collection, Trump Digital Trading Cards, lost 80% of its value as the floor fell to 0.16 Ethereum (ETH) from 0.84 ETH ten days ago.
According to OpenSea data, 45,000 NFTs are currently owned by a total of 15,115 owners, which equates to a 34% unique owner rate. Trump launched his collection on Dec. 15 with 45,000 NFTs available for minting during the Sweepstakes Entry Period. Each NFT costs $99 during the entry period, which equates to 0.083 ETH based on the ETH prices at the time of writing.
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🇨🇳 China Metavese Received 14.7% Total Global Investment With 4 Unicorn Projects
China Metavese received 14.7% (over $1.8 billion) of the industry’s total global investment. 125 projects have received investment capital. The 4 unicorns in the Metaverse industry include Animaoca Brands, Xiaoice, Soul and Mofa Technology.
On December 28, according to the “Global Metaverse Investment and Financial Report 2022” released by Financial Associated Press Venture Capital and IT Juzi said that in 2022, a total of 704 fundings have occurred in the global metaverse industry, with a total of 86.867 billion yuan (about $12.5 billion).Among them, China (including Hong Kong, Macao and Taiwan) completed 125 projects, with a total funding of 12.782 billion yuan.
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📣 Leading fashion brands earn over 245 million dollars in NFTs sales
Many are the brands that are foraging the Metaverse seeking for new revenue streams. Companies like Nike, Adidas or Tiffany’s have already cracked the code of non-fungible tokens (NFTs) sales, earning more than 245 million dollars collectively.
Whilst partnerships with online gaming, investments in property in the Web 3.0., and pushing the runway into the realm of augmented reality are the most common initial outings into the Metaverse, some of the leading players in the fashion industry have turned to NFTs in order to increase their revenue. It’s the case of Nike, Tiffany’s, Gucci, Dolce & Gabana, Adidas, and Lacoste, amongst others.
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🏦 Kraken Opens NFT Marketplace Beta to the Public
Kraken, one of the world’s largest and most-trusted digital asset platforms, is excited to announce the public beta launch of Kraken NFT, the marketplace for collectors to explore, discover and securely trade NFTs.
Kraken NFT makes the NFT space accessible and intuitive for all types of collectors, from professional flippers to those just starting their collection. It was built from the ground up to make it one of the most secure, easy-to-use and dynamic marketplaces available in the industry today. demonstrating Kraken’s commitment to accelerating the adoption of cryptocurrency.
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🆘 Suspected North Korean hacker made $365,000 from 1,055 stolen NFTs: Report
A wallet address associated with a suspected North Korean APT Group stole more than 1,000 NFTs from victims of phishing attacks and made 300 ETH ($365,000) from their sale, according to a report by blockchain security firm SlowMist.
The SlowMist report said that North Korean APT Groups have been leading a massive NFT phishing campaign. Phishing is an attack method used by hackers in which they pretend to be reputable organizations in order to trick victims into revealing sensitive information. In the NFT space, such attacks can be modified with hackers posing as known NFT projects or marketplaces to deceive victims into signing malicious transactions.
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🖼 Starbucks’ NFT Initiative Could Encourage More Big-Brand Digital Collectible Integrations
Starbucks Rewards, the company’s reward program, is among the best in the business, largely because of how successfully it has adapted to new technologies like the Starbucks App.
The concept of “building the digital Third Place” was outlined in May by Starbucks’ chief marketing officer Brady Brewer and adviser Adam Brotman, who has experience working on the retailer’s past digital efforts. (People hang out in areas other than their homes and places of employment, known as “Third Places” in Starbucks.The piece published on Starbucks Stories.
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⚡️ Antier Hosted First Ever Christmas In The Metaverse For Global Audiences
The buzz around Antier's first Anfestier event of Diwali celebration in the Metaverse has still not faded away, and it's back with Christmas celebrations in the Metaverse. Antier provided an open invitation.
The history of Anfestier dates back to 21st October 2022, when Antier surprised its employees by inviting them to join the Diwali celebration in the specially built Metaverse platform in which they were allowed to participate in different activities, and bursting firecrackers. Anfestier is an initiative that helps celebrate festivals in the immersive virtual world.
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🔫 Fiat claims world first metaverse-powered dealership
Launching in Italy, Fiat Metaverse Store will enable customers to research, configure and complete their next car purchase while ‘recreating the feel of a showroom from the comfort of their homes’.Inside the digital experience, prospective buyers can interact with a real person.
Fiat Metaverse Store has been developed in collaboration with Touchcast and Microsoft. Touchcast’s Metaverse-as-a-Service platform is built on the Microsoft Cloud and provides customers with access to the metaverse without requiring VR headsets, avatars or specialised hardware. The result, Fiat says, is the synthesis of digital and physical into an immersive experience unlike any other.
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🇬🇧 UK advertising regulator bans Crypto.com, Turtle United NFT promotions
The UK's advertising regulator has ruled against NFT promotions by Crypto.com and a project called Turtle United for failing to lay out the risks of investing in NFTs and not properly illustrating transaction fees.
Contesting the ruling, which concerned its NFT marketplace, Crypto.com confirmed the ad is no longer live and argued that the company did not believe the NFTs available on its platform, which included artists’ work and sports collectibles, to be financial in nature. It said that due to the fact NFTs were excluded from recent Treasury consultation papers on crypto, it believed they would be exempt from the financial rules.
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📣 Preventing Metaverse’s Digital World from Consuming Resources of Physical World
The compute power for the metaverse is unlike anything we’ve seen and will require a huge amount of support from the physical world to support its offering of an unconstrained digital universe.
While this will undoubtedly generate a huge demand for more power and edge computing sites, it will also require billions of gallons of water in the coming years – which quite frankly, we do not have to spare. For context – Google reported that their sites alone consumed more than 4.3 billion gallons of water in 2021. great way to reduce a data center’s water usage.
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🔫 Metaverse Fundraising Of The Year 2022 Up To $1.82 Billion
According to the year-end report of Metaverse Post, in 2022, 348 companies specializing in NFT, metaverse, gaming, AI, VR, and AR, raised a total of $7,164,997,888 ($4.8 billion more than in the previous year), a number remarkable when the market is in a difficult context.
Gaming, Metaverse, and Social Networks are the three most-funded categories, receiving $4.49 billion (accounting for 62.5% of the total investment in Web3), $1.82 billion (accounting for 25.4%), and $259.1 million (accounting for 3.6%). In addition, the Infrastructure, AR&VR, and AI categories received $208 million, $178.6 million, and $136.5 million in investment, respectively. Paradigm emerged as Web3’s most active investor in 2022.
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📣 Prada has announced the release of its latest Timecapsule NFT iteration for January
Prada has announced the release of its latest Timecapsule NFT iteration for January which would be its 8th exclusive Timecapsule drop. The soon-to-be-released Timecapsule shirt will feature a print designed by Enzo Ragazzini in 1969.
Prada welcomes the Web3 community and addresses a new audience with the release of a new item on 5th January, accompanied by a gift NFT that gives buyers access to exclusive content. Using the optical interference technique and mechanical devices of Ragazzini’s own invention, the design for this January’s ‘Interferenza Ottica Art Print by Enzo Ragazzini 1969’ shirt dates back to 1969.
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🖼 Metaplex Agreed NFT Creators To Upgrade Existing NFT Collections In 90 Days
The NFT platform Metaplex on Solana announced that starting next Friday (January 6), creators will be able to upgrade existing NFT series to start enabling royalty enforcement. NFTs through the use of mandatory royalties, but migration between the two will not be supported.
Creators are in charge of informing their collectors of the impending changes, although Metaplex will publish a public notification page to assist in doing so. They will have the ability to list the applications that will be able to communicate with their NFTs a few days after the upgrade tool’s initial release. For simplicity, the platform will have an optional rule set with a list of frequently used programs that honor royalties. a 14-day countdown will begin before the upgrade takes effect.
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📣 Insurance Giant Tokio Marine to Offer Its Services in the Metaverse
Tokio Marine, the biggest property/casualty insurance group in Japan, is taking its services and operations into the metaverse. The group, which has more than 39,000 employees all over the world, will allow its users to review and purchase insurance products on a metaverse platform.
While gaming, social, and tech companies have been the first in embracing the metaverse as a concept, other companies are now also entering available metaverse platforms. Tokio Marine, the biggest property and casualty insurance group in Japan, has announced that it will start offering insurance services in the metaverse. The company will offer insurance and other kinds of policies in the digital world in January.
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💰 Polygon Surpasses Ethereum and Solana in terms of NFT Users
According to data from the analytics platform Nansen, Polygon’s NFT market is currently experiencing significantly increased adoption, bringing it closer to Ethereum in terms of numbers. Meanwhile, NFT ecosystems on other chains..
Over the past month, 10 collections on Polygon’s NFT market attracted more than 180,000 holders, while four collections drew the attention of more than 500,000 holders. Comparatively, there have been four collections with over 100,000 holders and one collection with over 500,000 holders in Ethereum’s NFT market. According to Nansen’s statistics.
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🤟 Yuga Labs lawsuit receives counterclaim from NFT artist
Yuga Labs, creators of the popular Bored Ape Yacht Club NFTs, received a counterclaim in an ongoing lawsuit against an artist and his business partner who allegedly forged “copycat” versions of their NFT collection.
Yuga Labs filed the lawsuit in June, accusing artist Ryder Ripps and the founder of NFT marketplace Not Larva Labs, Jeremy Cahen, of copying their NFT collections and devaluing the original Bored Ape products. The pair have responded to the complaint, denying many of the allegations. NFTs is an entry on a decentralized digital ledger and entirely unique by design
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🖼 Donald Trump Says He Launched NFTs for the 'Sort of Cute' Art
Former U.S. president Donald Trump said that he decided to launch his NFT collection because he liked the art and thought the images of him were “sort of cute.”. Trump Digital Trading Cards were not about making an investment, but rather an artistic endeavor.
Trump launched NFT (non-fungible token) trading cards earlier this month, teasing them beforehand as “a major announcement.” People criticized the $99-apiece Polygon NFTs when they dropped, with many Trump supporters saying that they wouldn’t buy them, and others finding watermarks from stolen stock photos in the images. The digital trading cards were promoted as featuring "amazing art of [Trump's] life and career,".
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🔫 Dubai and Saudi Arabia's Metaverse ambitions do make for a sound business case
The Metaverse represents the next step in the evolution of the internet, with game-changing innovation that will impact multiple aspects of our lives. Still at an early stage in its development, there are competing definitions as to what exactly the Metaverse is, should be, or could be.
As an investment theme, the Metaverse goes beyond social and gaming platforms with virtual reality (VR) headsets and personalized experiences enriched through augmented reality (AR). The investible universe encompasses a broad range of existing industries and sectors, with opportunities across the spectrum of market capitalization. And it’s happening at an increasing speed.
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📣 ReelStar launches on-the-spot NFT creation zone at Great Indian Sneaker Festival
ReelStar is the title sponsor for India’s biggest Sneaker & Streetwear festival, The Great Indian Sneaker Festival on December 24-25, 2022. The company will also be providing access to a Beta version of the ReelStar app, soon to be launched in Q1, 2023 ReelStar app.
The ReelStar app democratises and levels the playing field for creators and artists. As promised, we are here in India at The Great Indian Sneaker Festival with on-the-spot NFT creation for creators/artists. This is just the beginning of what is going to open a whole new world of experience and opportunities for Indian creators and artists based anywhere in the country. The ReelStar app can also open a broad range of new opportunities.
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🪙 Tezos Developing Its First Decentralized Fractional NFT Platform
Tezos native token XTZ set its all time high at $9.18 on October 4, 2021. There is no doubt that the last few months have been disastrous for the crypto industry, excluding NFTs. Almost all cryptocurrency prices have plummeted and have lost approximately 60-80% value since November 2021.
Tezos Commons tweeted that the developer team CrunchyTez is working hard to develop its first decentralized fractional NFT platform on the Tezos protocol. The official news release of Tezos Commons on Medium explains the concept of the upcoming fractional NFT: “Each segment represents an ownership percentage of that NFT. This process allows an individual to hold ‘shares’ in the same NFT alongside many others.”.
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🔫 Metappfactory Launches as Leading Metaverse Development Company
Metappfactory, a leading metaverse development company, is proud to announce its launch this week. Metappfactory provides services for the development of virtual reality and augmented reality applications, creating a variety of immersive experiences for its clients.
At Metappfactory, the team is dedicated to helping clients create advanced, interactive virtual worlds. The company leverages the latest technology to provide a range of services, such as 3D modeling, world-building, animation, and more. Its team of experienced developers, designers, and artists will work closely with clients to bring their vision to life.The company is committed to creating solutions that are both cost-effective and innovative.
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🇦🇪 Dubai Future Foundation launches new report on future of the metaverse
Dubai Future Foundation has published a report on the outcomes of the inaugural Dubai Metaverse Assembly held in September at the Museum of the Future under the patronage of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum.
The assembly was attended by around 600 technology experts and specialists from 50 countries. Over the course of two days, they participated in more than 25 workshops and panel sessions that hosted more than 30 speakers and 40 local and international institutions and technology companies. as well as the major trends and applications that were discussed.
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🖼 Mercedes-Benz files 5 trademark applications for metaverse and NFTs
The German multinational automotive corporation Mercedes-Benz Group AG is taking steps into the digital space with non-fungible tokens (NFTs) and the metaverse.The filing with the United States Patent and Trademark Office (USPTO) on December 14.
According to information by Mr. Kondoudis, the trademark filings for “Mercedes Benz, Mercedes, S-Class, G-Class, and Maybach” the filings will include licenses for digital currency, NFTs, retail stores for virtual vehicle parts, and cryptocurrency trading, among others. NFT and metaverse licensed trademark attorney Michael Kondoudis in a tweet on December 19.
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🇮🇹 Fiat opens world’s first metaverse-powered dealership in Italy
Fiat has opened the world’s first metaverse-powered car dealership in Italy which will enable customers to research, configure and even complete their next car purchase, recreating the feel of a showroom from the comfort of their homes.
Initially, customers will be able to buy the flagship model, 500 La Prima by Bocelli, before the experience will be extended to the entire Fiat 500 line-up later this month. customers will be able to explore additional Fiat models in the Metaverse Store, while the digital experience will also be made available to other markets.
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⚽️ Sporting metaverse at $80B inflection point as World Cup ends
As the World Cup in Qatar comes to a close, a report from Web3 Studios revealed exciting insights into the sporting metaverse industry, which it claims is “at an inflection point.” It indicated the potential for the industry to hit $80 billion in size by 2030.
The report included contributors from Animoca Brands, FaceIt, ConsenSys, The Football Company, Apex Capital, Upland, LootMogal, and other key players in the space. The document declared that “the sports metaverse space may generate more than $80bn by 2030.” However, the subsequent challenges are being addressed and are critical to the nascent industry’s success.
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