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Metaverse April 29, 2022

Nike’s booming latest NFT release

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Nike’s first collection of shoes for the metaverse is fetching astronomical sums.

The collection is being auctioned off as NFT

On the online marketplace OpenSea, the CryptoKicks collection is being auctioned off as non-fungible tokens (NFT). Customers are paying between $4,000 to $9,500 for the shoes in cryptocurrency, but some pairs have sold for far over six figures. According to OpenSea, around 9,000 Nike Dunk Genesis NFTs have been sold.

On StockX on Thursday, a pair of Nike Supreme Stars Mean Green SB Dunk Lows was selling for around $1,000. According to CBSSports.com, a pair of Nikes worn by Michael Jordan during his rookie season in 1984 sold at auction for $1.47 million in October.

NFTs are virtual things that leverage blockchain technology and smart contracts to ensure that each item is one-of-a-kind and immutable. Instead, the shoes will be worn by an avatar walking through a virtual world like Decentraland.

Customers can choose the color of the iconic Swoosh, heel, straps, and tongue of CryptoKicks by purchasing a “skin vial.” Following Nike’s acquisition of RTFKT in December, the sneakers were designed by NFT design studio RTFKT. Nike and RTFKT are hopeful that the shoes will help them get a piece of the metaverse-related sales boom that is expected in the coming years.

According to Strategy Analytics, the global market for metaverse transactions is estimated to reach $6.1 billion this year and approximately $42 billion by 2026.

Last year, RTFKT made headlines when it sold out of a range of actual sneakers combined with NFTs.

RTFKT, which is set to arrive in 2020, made headlines last year when it sold out of a line of actual sneakers combined with NFTs in seven minutes, netting $3.1 million.

Nike did not respond to a request for comment on the sale of CryptoKicks. CEO John Donahoe mentioned “the positive momentum and excitement we’re already witnessing in the space” in a recent earnings call. Last November, the business introduced Nikeland, an online game zone on Roblox where fans can create an avatar and play sports in a virtual setting.

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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

Angeless Anxolotls presents unique NFTs

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The Ageless Axolotls are a collection of 9,999 distinct non-fungible tokens (NFTs) digital collectibles that are hosted on the Ethereum Blockchain. The 10,000th Newfound Treasure is an extremely rare Xolotl God that possesses unique qualities and rights that are not available to any other Ageless Axolotl.

When all of the Axolotls have been minted, a total of 314 ETH will be added to the Axolotl Community Treasure. The Axolotls Olympics classification will determine how it is dispersed among the participants.

The Axolotls Operations Treasury is going to receive all of the money that was earned after expenses from the successful launch of the Axolotls Olympics across mobile platforms. Through the DAO, holders will have the ability to decide the future of the Treasury. Additionally, they will have the opportunity to take part in exclusive events like as NFT claims, raffles, community giveaways, and additional rewards that will be unlocked after the roadmap is activated.

The AA Olympics are comprised of a total of eight different competitions. In each game, players will compete against other people who own axolotls for the opportunity to acquire punctuation and, consequently, a place in the final classification.

“Axolotls don’t age, therefore they keep playing all the games. We won’t punish players who don’t play; we’ll focus on keeping them engaged. We urge you to compete hard so you can raise your axolotl’s value, win, and become the Xolotl God.”

Users will receive a greater number of points at the conclusion of those games based on the position at which they finished the game

The purpose of competing in the Axolotls Olympics is to get a greater punctuation in each game so that one can win the competition and be awarded the grand prize of 31,4 ETH as well as the title of Xolotl God.

Even if there are a lot of different features, certain ones are more likely to show up than others. The percentage of an axolotl’s qualities that it possesses in comparison to the total number of available attributes is used to determine how rare it is. The percentage of other axolotls that have the same trait as the user’s may be viewed by going to the user’s Axolotl in Opensea and looking at the percentage of axolotls that have the same trait as the user. They also have the option of accessing the web-based rarity tools in order to acquire further information and a rarity score for their axolotl.

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Metaverse

Animoca Brands invest in a metaverse initiative

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Cinder Studios, the makers of Cinder, a Solana-based metaverse that can be explored immediately after purchasing one of its NFTs, has acquired Series A funding from Animoca Brands.

Cinder is an immersive and graphically gorgeous MMO with a vibrant social environment in which players can design, generate, and own the tokenized material they create. Owners of Cinder NFTs are already growing their virtual social circles, and will soon be able to earn real money through play-to-earn battle mechanics and the production of new avatars, locations, and other content using Cinder’s powerful creator tools.

Animoca Brands is a global pioneer in gamification and blockchain technology. The company has made over 200 investments in non-fungible token-related companies and decentralized initiatives that are contributing to the development of the open metaverse.

Cinder’s exciting product roadmap, which includes staking, play-to-earn gaming, new avatar mints, and the launch of its own proprietary currency, will be funded with the new funding announced today

Cinder Studios, Inc. CEO Michael Lopez remarked, “We’re ecstatic to have Animoca Brands join us on our quest to become one of the most popular gaming experiences on the Solana blockchain. Our staff is made up of game industry professionals who are ecstatic about web3 and the possibility of finally transferring actual intellectual property rights to our players who spend endless hours producing and customizing their own content. Cinder will be THE social game for individuals who like to game, socialize, collect, explore, and earn in an aesthetically beautiful environment.”

Yat Siu, executive chairman of Animoca Brands and a co-founder of the company, said, “It’s wonderful to be a part of Cinder’s management team, which is full with talent. Cinder is a game that stands out as a huge step forward for digital ownership and the open metaverse because of its user-friendliness and its accessibility right from the get-go, as well as its foundation on Solana, which is currently one of the most promising blockchains.”

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Metaverse

Origin presents new metaverse features

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Shufti Pro, an AI-powered identity verification and anti-money laundering screening solution, has been integrated into the services of ORIGIN Metaverse, the pioneering virtual real estate marketplace. To foster universal acceptance of virtual real estate and actual real estate as NFTS, ORIGIN Metaverse is designing a platform that is simple, secure, and streamlined.

The new verification procedure will allow clients on the ORIGIN Metaverse platform to trade virtual and physical real estate as NFTs faster and more securely, enhancing ORIGIN Metaverse’s aim to increase mass acceptance in virtual real estate.

Within seconds, users will be able to trade safely on ORIGIN Metaverse

Shufti Pro’s authentication process is not only simple to use, but also extremely quick. It’s the fastest verification system on the market, with verification times ranging from 2 to 20 seconds.

Not only is the system rapid, but it can also analyze the credentials of anyone from any country in any language, proactively guaranteeing that the user is not interacting from a blacklisted or prohibited region, thanks to its hybrid AI/human verification process.

Since Shufti Pro has been included into the Origin Metaverse platform, the environment in which the NFT population lives is now far more secure. While Origin continues to make the digital marketplace accessible to a wider audience by offering a secure authentication technique that eliminates the need for delays, it also closes off access to con artists and money launderers who seek to profit from using the platform.

ORIGIN Metaverse is a virtual real estate marketplace that focuses on allowing users to buy and sell land across the Metaverse as well as exchange physical real estate as NFTs. Origin’s one-of-a-kind marketplace unites these disparate worlds into a streamlined, straightforward, and secure marketplace that is fully compatible with all platforms and cryptocurrencies.

Shufti Pro is an identity verification service provider that helps worldwide organizations enroll and manage the risk of genuine consumers through KYC, KYB, and AML services.

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