NFT Review 44 - Meta wants 47.5, RMRK wants <3
NFT Review 44 - Meta wants 47.5, RMRK wants <3
Phygital Kanaria statues auctioned, MetaMask warns users, NBA files metaverse-related patents, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Looking for a primer on NFTs? This should be the last introduction you’ll ever need.
Dear NFT enthusiast,
Last week, Meta released more details about Horizon Worlds, and the biggest headline was how much they plan to charge as commission. 47.5% on each item sold on its new Meta Quest app store, including NFT when they are available.
You read that right, forty-seven point five percent. Upon reading this, all we could think of was “how can they justify such a figure?” Some Twitter users saw this move as proof that Meta is out of touch with decentralized reality. Or are we the ones who can’t see?
RMRK recently released a wiki detailing some details of its upcoming Skybreach metaverse. In it, they handed the power of value creation and transmission to the participants of the Metaverse. Harberger taxes, trades with less than 3% commission, open auctions–in short, a world with no external string-puller, just the community pulling its own strings.
For those who are unfamiliar or ignorant of some of the goals of decentralization, let us restate it–decentralize the power of value creation so that more people can benefit from digital commerce. How can you decentralize digital commerce and still charge a 47.5% service fee? Why? It makes no sense. With this move, they are saying that whatever Meta offers is worth almost half the creator’s effort. That’s very bold.
Thank heavens we have teams building truly decentralized metaverses that won’t take half our rewards. With this, we have already won regardless of the level of adoption because having the choice to reject centralized greed is a victory worth a trillion nodes.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
RMRK auctioned Phygital Kanaria statues for Kanaria holders which grant a % of revenue from Harberger tax on Skybreach. 30% of sales goes to Ukraine.
With sales closing The statues are at their lowest price now due to Dutch auction.
All Skybreach land deed vouchers were distributed to Kanaria birds. Learn more here.
The LP rewards and NFTs from the Karura Network liquidity campaign have been distributed.
Polkadex partnered with RMRK on crowdloan-exclusive NFT rewards.
Bit Country is running an Avatar Wearables Design Contest.
Unique Network CEO Aleksandar Mitrovich was interviewed on Jay Chrawnna’s Space Monkeys podcast.
DonnieBigBags released the 3D render of the protagonist for the NOVA game.
🗞 NFT News from Ethereum and Beyond
Hyundai partnered with Meta Kongz to create a limited collection of 30 NFTs launching sometime in May 2022.
Activision Blizzard recently sent out a survey to players, asking them to share their interest level in NFTs, along with their thoughts on play-to-earn (P2E) and metaverse games.
HashCash to collaborate on a medical NFT marketplace project.
MetaMask warns Apple users over iCloud phishing attacks.
Archie Comics and Palm NFT Studio want fans to co-create the comic’s future series.
Researchers found a security flaw in Rarible that could have caused users to lose all their NFTs.
Line, Japan’s most popular social messaging app, adds NFT marketplace.
Meta has announced plans to charge 47.5% on each item sold on its new Meta Quest app store, including NFT when they are available.
Airline asset tokenization platform TravelX and Spanish airline Air Europa have partnered up to allow the airline to issue tickets in NFT form as NFTickets.
The NBA has filed a patent application for a laundry list of items it wishes to make into “virtual consumer merchandise.”
Sega wants to include cloud technology and NFTs into its Super Game project designed to connect different games together.
White Star Capital raises $120M for Ubisoft-backed Web3 investment fund.
Animoca drives into crypto racing games with its latest acquisition.
Blue chip and metaverse NFTs propel growth of NFT market, says Nansen report.
MGM Grand tests NFT ticketing in YellowHeart tie-up.
13 NFL franchises are set to announce a tie-in with fan token platform Socios.
Context announced its $19.5M seed round and rolled out new features.
Catddle introduced ERC721-O, a new standard for omnichain NFTs.
CryptoFighters Alliance introduced ERC721R, a new standard that allows minter to return NFTs for refunds.
LooksRare is now officially audited.
Offchain Labs launched The Arbitrum Odyssey NFT event in partnership with Ratwell and Project Galaxy.
Sina Estavi is having trouble reselling the NFT of Jack Dorsey’s first-ever tweet.
Coinbase is launching a BAYC-themed film trilogy.
Forgotten Runes Wizard’s Cult creators Magic Machine completed a new funding round.
Nouns DAO is collecting new Noun traits for August 8th, the first birthday of the Nouns project.
Drift made photography history via +10k mints of his open edition piece, First Day Out.
The U.S. Treasury Department confirmed that North Korean hacking outfit Lazarus Group was behind the Ronin bridge attack.
TreasureDAO to become the decentralized Nintendo of the future? Two Treasure co-founders made the case on this week’s Alpha Leak by Bankless.
Coopahtroopa.eth published This Week in Music NFTs - April 11th.
Warner Music Group partnered with digital memento project POAP.
Decentraland is collaborating with EPNS on push notifications.
6529 unveiled OM, a new metaverse project powered by oncyber.
Uniswap (whose LP positions are represented by NFTs) just launched a customizable Swap widget.
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!