NFT Review 24 - Facebook Goes Meta!
Adobe enables NFT verification, new multiverse launches on Moonriver, Disney diving into NFTs, and more.
For a more general overview of the Web3 ecosystem, consider subscribing to Dot Leap.
Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
If you don’t exist in digital darkness then you may have heard of the biggest crypto news of the past week—Facebook has abandoned its identity for a new one in a bid to beat all its competitors to market in a new industry. In short, Facebook has changed its company name to Meta. In the statement to announce the name change, Mark Zuckerberg made it clear, lest it be confused, that the name change is a signifier of the company’s new focus on building ‘The Metaverse’.
The first thing that comes to mind is—can a Metaverse be centralized? Further, can Facebook (currently Meta…lol) overcome its addiction to centralization?
I think ‘no’ on both accounts. In our mind, it would be a disaster if Mark owns the metaverse. Well, maybe ‘disaster’ is being overly dramatic, but the point is, the whole concept of a metaverse rests on its openness and extensibility. For this reason, no one company or team will ‘own’ it. In fact, the very idea of owning a metaverse is entirely ridiculous. It’s almost like calling Bitcoin a company.
To all teams building open metaverses that respect their users’ privacy, this is our call to arms. With Mark having announced this name change, it’s clear Meta is ready to make a big push. We can’t let them win in the new world, not again.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
Bit.Country partnered with Republic Realm to usher in a new metaverse generation and a wave of in-metaverse content creation.
You can now set your on-chain identity in Kodadot.
DonnieBigBags launched a multiverse protocol on Moonriver, with Minecraft being the first metaverse to deploy.
Bit.Country Metaverse Network announced a strategic partnership with Polkadot DAO Infrastructure SubDAO.
Moonbeans, a new NFT project with a token offering ‘frictionless dividends’, launched on MOVR.
Kanaria (home of NFT 2.0) has netted over 462 KSM (~ $193k) in sales volume over the last 7 days, and 9,425 KSM (~ $3.9m) in one month.
The second round of presale for the first collection of the Dino x Dino Metaverse is open to Kanaria bird holders, who get to purchase at a discount ranging from 25% to 5% based on their bird type.
A new product type has been launched on Singular—podcasts.
RMRK community member Jeremy posted a great 2-tweet thread on how to do NFT due diligence before buying on Singular.
RMRK Co-founder Bruno Škvorc was on the Zero Knowledge Podcast episode titled ‘Keeping up with the Kusama Network’.
The Malingering Eye is an NFT event hosted D1 Ventures to showcase NFTs in the real world. It happens today, 4th November.
There is now a dedicated NFT page in the Polkadot wiki explaining all the NFT protocols in the DotSama space.
🗞 NFT News from Ethereum and Beyond
Shoyu, Sushiswap’s NFT platform, is going live next week.
Fractional has pivoted to ERC-1155 tokens for its NFT fractions.
NFT lending platform NFTfi notches a new all-time high loan backed by Autoglyph #488.
Convex Labs released a detailed guide on how to cheat in NFT launches.
NFT liquidity protocol NFTX has launched swaps.
Huobi has rolled out a trial for Huobi NFT, an NFT marketplace allowing users to buy and trade NFT artwork and collectibles in numerous sectors, such as games, art, animation, and music, Huobi Group announced on Monday.
Erstwhile crypto skeptic Jordan Belfort has bravely outed himself as an NFT proponent amid the booming growth of the sector in 2021.
Disney is taking the plunge into the NFT sector with a collection of tokenized characters from popular movies and shows owned by the multinational giant.
GameStop is assembling a team of blockchain and nonfungible token (NFT) experts to work on the firm’s upcoming NFT platform.
Adobe offers users the ability to verify NFT marketplace creations through metadata.
Dapper Labs’ head of partnerships said pro sports leagues have opened their arms to NFTs amid the sector's booming growth this year.
NFT software firm Nameless raises $15M at a $75M valuation led by Mechanism.
Nifty Gateway expands beyond curated drops as Ethereum’s NFT aggregator.
Binance launches its Initial Game Offering.
Someone made a flash loan purchase of CryptoPunk #9998 from themself for 124.46K ETH. How’s that for an on-chain NFT stunt?
NFT collectibles tab + NFT details coming to Twitter soon? Check.
Gods Unchained nears 1M trades on Immutable X.
Meet Briqs: composable building blocks stored as NFTs on StarkNet.
On-chain royalties, all the time: check out the new Royalty Registry project.
Check out Hyype, a new NFT social lore platform.
Confused about NFT taxes? Don’t miss this helpful NFT Tax Guide!