NFT Review 62 - the killer metaverse use case?
NFT Review 62 - the killer metaverse use case?
Web3-focused console, first metaverse wedding, Doodles raise $54 million, 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, DotSama reached two milestones but we only emphasized one. We would like to rectify that. Bit.Country’s Pioneer metaverse builder, which enables anyone to create their own metaverse, was launched. 136 metaverses were created in the first 7 days, some of which are impressive.
It got us thinking–what is the best use-case for the metaverse we’ve found so far? Although we are aware that the industry is still figuring it out, we are fascinated by this question because having such conversations will enable us to innovate faster. For this reason, today’s newsletter will do something we’ve never done before–ask for your opinion. Let’s make a conversation out of this and see what we may find.
We will start–we think the metaverse is a blank slate that we can use to paint new experiences, much like the printing press and computer screens gave birth to different forms of creative expression–algorithmic art, novels, comic books, newspapers, etc. The main point is that, as a blank slate, it may not be perfect for one thing but can adapt to the needs of the creators/users. The question is what kind?
A few ideas:
A digital museum for sharing personalized experiences of a person’s life, artist’s work, builder’s achievements, brand's story, or others. Imagine Instagram in 3 dimensions. But for it to work, it needs to offer something Instagram cannot.
A meeting place for communities–this is the mainstream narrative.
A unique story or aesthetic-based experiences–much like YouTube where creators decide what kind of spatial story they want to create.
Your turn—what is your killer metaverse use case? There’s no wrong answer so feel free.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
A new NFT 2.0 concept ‘Proof of Perkability’.
Follow the new RMRK Medium publication and read the latest article Multi-Resource NFTs — An Innovation For the Future.
Chaos Collective released the first animated Kanaria background with their new release.
RMRK published a new short video Beginner’s Guide to NFTs in 2022.
SubWallet partners with Bit.Country and launches its first metaverse.
Want to try out building a metaverse without costs, try Bit.Country’s Sandpit.
Efinity published Impossible Standards: One Metaverse Group Is Chasing the Purest Form of Interoperability.
A Malaysian cereal company replaced its scratch cards with NFTs, minted via QR codes in the cereal boxes.
There is a fundraiser to help get a notable Singular artist out of Russia.
🗞 NFT News from Ethereum and Beyond
Exosama NFTs are now live on OpenSea.
OpenSea to allow creators to host NFT drops directly through its homepage.
Funko and Warner Bros. collaborate on Walmart exclusive NFTs.
Nameless is set to launch an NFT software product that enables developers to test their NFT smart contracts on fully private test nets.
UNICEF Giga NFTs to connect schools in developing countries to the internet.
NFTs ‘biggest on-ramp’ to crypto in Central, Southern Asia and Oceania: Report.
Web3 is creating a new genre of NFT-driven music.
Bandai Namco, SEGA among gaming giants eyeing blockchain gaming.
The Sandbox has held its first hybrid digital and real-life wedding on its metaverse.
Selling physical items as NFTs, explained.
Beyond the NFT hype: The need for reimagining digital art’s value proposition.
Zilliqa announced a Web3 focused console with a cryptocurrency wallet and mining capabilities.
Capsules, an on-chain typeface project, launched.
OpenSea is adding support for more blockchains and collaborated with industry partners to introduce OpenRarity, an open rarity standard for NFTs.
Starbucks tapped Polygon for its NFT rewards program.
swapkiwi, an NFT swapping platform, rolled out its redesign.
Doodles raised $54 million via equity funding.
POAP has now facilitated over 5.6 million NFT mints.
Yuga Labs has filed a trademark for “MetaRPG.”
Art Blocks added secondary marketplace listings via Reservoir.
dom unveiled ROSES, a procedurally-generated and on-chain art project.
The Museum of Modern Art is exploring the purchase of its first NFTs.
Arpeggi rolled out Clips, which lets creators upload their own audio files to the platform.
Decentraland is hosting the Samsung #RecycleUp Fashion Show and Climate Week Quest starting Sept. 20th.
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!