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Metaverse June 2, 2022

Klaystore releases new metaverse service

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The Klaytn network-based Metaverse Service, also known as “KlayStore,” will launch its initial minting service on June 7, 2022. This event is scheduled to take place in the year 2022. NFT holders will have access to a staking pool as part of their reward in the first round of the competition. A total of 14,000 limited edition NFTs of various job characters will be produced, with 2,000 NFTs being issued for each character.

The maximum amount of KlayStore NFT that can be minted for a single character is 5,000. During the following round, KlayStore intends to mint 3,000 NFT for each character.

Beginning with the very first coin minting, staking can be carried out on a daily basis through the use of STC for a period of ten years. After a user has successfully mined an NFT using the mining power (MP) provided by this service, the user will be able to stake a claim on famous landmarks and locations all over the world in advance and will be eligible to receive rewards for an extended period of time. There are a variety of mining grading systems, as well as the levels of characters that users have created or picked, and all of these things have the potential to have an impact on MP.

The minted character NFT automatically receives mining power, which is then used as the benchmark for the staking pool. In addition, it is intended for the earned STC to be turned into cash after first being traded for KLAY through the KLAY swap

Because users can now participate in the mining process on Klaytn, they are needed to use either a Kaikas or a Metamask wallet in order to make use of the service. This is because users are now able to engage in the mining process on Klaytn. The festivities commemorating KlayStore’s first year in business are going to be televised on SNS in addition to a variety of other networks.

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Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Metaverse

Fuji Village is a themed NFT collection

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Fuji is a collection of 3,600 unique Warriors on the ETH blockchain that aims to become a status symbol collection that initiates an exclusive network of brilliant minds who aspire to become the leaders of tomorrow. Fuji was created with the intention of becoming a status symbol collection and has the potential to initiate an exclusive network of brilliant minds.

A Tier 1 membership to the Meraki-Verse, which is an industry standard NFT analytics platform, exclusive membership access to professional mentorship and accreditation programs, and a great deal more are all included in the Fuji roadmap

Fuji’s long-term goal is to play an instrumental role in the development of a movement that will completely transform digital innovation. The end goal is to create a self-sustaining ecosystem centered on the Fuji brand. This ecosystem will be a Web3-based brand that functions as a real world business with real world usefulness and will include relationships with Web2 and Web3 businesses.

“We are dedicated to researching what lies beyond the known with the help of the amazing minds who are collectively represented in our community. As a group, our goal is to one day emerge as influential figures who have made a significant contribution to the Web3 ecosystem. We don’t want to be simply another NFT project that over promises a number of things that aren’t sustainable and then doesn’t deliver on those claims. Our objective is to not overpromise while at the same time providing the greatest possible level of quality in everything that we provide.”

“Fuji is committed to doing its part to help the environment and contribute to the development of environmentally friendly solutions. This specific endeavor is very near and dear to the hearts of the members of our team, and we have faith that the community will share our enthusiasm and appreciate it in kind. The “The Scoutt Code” will be Fuji’s long-term goal, and the company will publish its own whitepaper in support of this endeavor.”

The corporation has decided to provide a portion of the monthly royalties that it receives to a variety of charitable organizations. In order to maintain both transparency and integrity, the community will either put up candidates for these charities or vote on those candidates.

Twitter: twitter.com/fujinft

Discord: discord.com/invite/fujivillage

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Metaverse

PLUR introduces TMR.WORLD metaverse

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A 28-hour treasure hunt for TMR.WORLD, a new metaverse project, was held for PLUR, a highly detailed 3D NFT project. Participants worked together to find encrypted easter eggs in each NFT image.

Following the treasure search, the neighborhood found another NFT inside of their PLUR Ape Club NFT. TMR.WORLD is the first project on the entire Ethereum blockchain to embed an NFT inside an NFT, as this new hidden NFT represents a plot of land there. The team has spent a great deal of time and energy developing and researching the project in order to highlight its prospective expansion rather than its financial success.

The team is excited to build the first metaverse, which will feature incredible graphics and limitless potential. The voxelization of game content and the socialization of gameplay are two directions that TMR.WORLD has identified that can be utilized after the project is formed. Game voxelization can successfully address R&D and content efficiency issues, allowing for a larger player base. Another approach to get beyond blockchain’s technical limitations is the socialization of gameplay, which PLUR can do by enhancing the social aspects of gaming.

“According to us, the gaming sector continues to offer the greatest opportunity in the Metaverse. However, there are still issues with Web3’s technical effectiveness, particularly with regard to high-concurrency data processing. In order to create a robust and vibrant ecosystem that can improve social interactions while supporting a larger player base, we hope to connect creators and gamers “Ejan, the founder of PLUR, remarked.

TMR.WORLD is anticipated to go live in the first half of 2023. The group is also planning to incorporate GameFi in the future, which would let users earn rewards and turn the metaverse into a play-to-win game.

PLUR will formally introduce its NFT collection of 8585 high-definition 3D apes, with free minting for the general public. On May 21, 2022, a Livestream on the REVEAL of PLUR was held, during which the team synced 216GB of picture resources to the blockchain, with an average NFT size of about 25.74MB. The easter egg event was launched the following week, resulting in the first ever decoded NFTs in Ethereum history.

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Metaverse

NeXR engages in new metaverse project

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NeXR Technologies SE has joined the Metaverse Standards Forum, a consortium of over 30 IT companies, groups, and entities working to create an interoperable Metaverse.

By joining the 35-person group, the Berlin, Germany-based company intends to share its expertise in open interoperability standards, avatar development, motion capturing (mocap), and virtual reality technologies with colleagues for creating the Metaverse.

The business boasts a selection of XR cloud-based solutions, including its Avatar

Cloud computing platforms, where the latter uses Epic Games’ Unreal Engine to host avatars and metaverse solutions for virtual events while the former uses body tracking techniques for virtual changing rooms. The Metaverse is commonly regarded as the successor to mobile internet, and the Forum wants to create open Metaverse standards and unite the sector.

The MSF was established in June to promote collaboration within the extended reality (XR) sector to develop interoperability standards. Members include important businesses including Adobe, Epic Games, the Web3D Consortium, the XR Association, Meta Platforms and many others.

The group of standard developing organizations (SDOs) seeks to encourage the widespread adoption of innovative Metaverse standards while minimizing the need for repeated development work.

Such industry standards, according to Markus Peuler, Managing Director of NeXR Technologies SE, are “a critical catalyst” for bringing forward fresh technological advancements.

He stated, “Especially from the user standpoint, the development of industry standards is a critical stimulant for the breakthrough of new technologies. Technological barriers must be removed in order to minimize costs and enable mass market penetration. Additionally, the increased functionality of programs as a result encourages users to engage themselves in the metaverse.”

The Khronos Group had previously announced that it would hold the Forum to realize the potential of creating industry-wide standards in an effort to overcome barriers in the future of an open-source Metaverse.

According to Neil Trevett, president of Khronos, the association will join the group’s members in July to assure the acquisition of “a constellation of interoperability standards.”

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