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    Is the Rise of Digital Real Estate Worth the Hype? Insights into 3 of the biggest Metaverse Projects

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    Is the Rise of Digital Real Estate Worth the Hype? Insights into 3 of the biggest Metaverse Projects

    crypto basset hound

    Picture this! It’s the mid-1980s. The internet, which was going to connect everyone around the world and revolutionize how they communicated, had just started, and everyone wanted a part of it. Fast forward to the early-mid 2000s, Facebook, Twitter, Flickr, and Tumblr had just arrived on the scene, and social media was born. Today, the Metaverse is the new kid on the block, and it just seems like people can’t stop talking about how it is redefining the digital real estate landscape and how it will change how we interact with the internet, and each other, forever. But wait, “Metaverse,” “Digital Estate”, what do those mean, and more importantly, what’s the hype all about? What Is Digital Real Estate, and How Does It Relate to the Metaverse? Digital real estate is, simply put, property that exists on the internet. Traditionally, this used to be in the form of websites, social media accounts, or even email lists. However, today, digital real estate includes virtual spaces and assets in the Metaverse which you can own, lease, or develop, just like in the physical world. The Metaverse is a term used to describe the virtual world where people can interact with each other and with digital content in an immersive experience. This virtual world can take many forms, but it typically includes some combination of 3D avatars, virtual spaces, and other virtual assets such as in-world tokens. So, from having meetings with employees in a virtual office to selling digital art or fashion in a virtual gallery to exploring exotic virtual worlds with fantastic avatars and breath-taking creatures, the Metaverse provides opportunities for businesses to do things that were once impossible, or at least impractical. Now that we know what digital real estate is and what the Metaverse is, let’s take a look at some specific Metaverse projects that are helping to shape the digital real estate landscape. Projects That Show Why Digital Real Estate is Worth the Hype There are many different Metaverse projects out there, but here are three that show the potential of digital real estate and the Metaverse. SIDUS HEROES A major upcoming project that is set to make waves and leverage digital real estate potential in Metaverse gaming is SIDUS HEROES. The brainchild of a massive collaboration between some of the best minds in blockchain tech and gaming, with a large supporter base, SIDUS HEROES is set in a virtual universe inhabited by NFT characters from twelve technological races with unique traits and features. The game is notably listed as one of New Zoo’s top 10 gaming projects to look out for and one of Coin Market Cap’s top NFT games for 2022. Conceived as a game where players can travel to all corners of the Metaverse and seek out various adventures, SIDUS HEROES has also forayed into adding digital real estate value into its gameplay. SIDUS HEROES metaverse apartments are the form of digital real estate in the game that can be bought, sold, or rented out to other players. The apartments are located in the capital city of the in-game universe and provide private space quarters where players can store virtual household items within the game. With only 6000 apartments of different rarity, i.e., Common, Epic, and Legendary, in the game, they have been designed with various features and amenities that make them worth investing in for players. These include robots, which provide bonuses for investment activities within the game; plants, which produce the fruits that upgrade the in-game heroes and pets; and workbenches, which are used to create new pharmaceutical items. Of course, players can use these assets to develop different industries within the game, which can translate into actual revenue for whoever is holding them. Apartments in the SIDUS HEROES metaverse will soon be out for sale, and early investors can start to get their hands on these valuable in-game assets. With the digital real estate landscape getting heated up and projects like SIDUS HEROES leading the charge, it’s advisable to keep your eyes peeled, follow updates on its Opensea, Twitter, and Discord channels,  watch out for its upcoming release, and keep your crypto wallet ready. The successful precedent set by similar projects with established communities, innovative gaming marketplace, and ecosystems like SIDUS HEROES highlights that players have every reason to invest in digital real estate for their game-play value and investment potential. Let’s check out two of these similar projects below. Otherside BAYC The Otherside BAYC is an offshoot of the successful Bored Ape Yacht Club NFT project. Yuga Labs, BAYC Creator, announced the project in March 2022 and was launched on 30th April 2022. Although the Otherside Metaverse is currently in development, it is already one of the most talked about projects in the Metaverse space. The world will feature playable characters will feature up to 10,000 playable characters in a massively multiplayer online role-playing game. Its in-world natural voice chat also takes in-world communication to its next level. With the awe-inspiring tour that Bored Ape and Mutant Ape owners participated in during July, it’s easy to see why 55,000 Otherdeed–plots of land in the Otherside sales were sold for more than $300 million when the project’s first round of land selling concluded; and why the value of Otherdeeds has grown over time, enabling it to scale over $1 billion in sales in the secondary market, becoming the fastest NFT collection to do so. Illuvium Illuvium is another upcoming Ethereum-based MMORPG, set to be officially released in 2022 on Mac and PC. With 100,000 land plots available in the game, 22,000 were put up for sale for early investors and prospective sellers, making over $72 million in sales. Like in real life, the owners can use these plots in various ways to make money. These include mining fuel to sell to game players, generating NFT blueprints, renting space to other players, etc. These possibilities have made many enthusiasts eagerly anticipate the game’s official launch and a possible future land sale. Key Takeaway Digital real estate is worth the hype, and Metaverse projects are a big part of why. While the three projects discussed above lend credence to the explosive potential of digital real estate, it happens that SIDUS HEROES is the only one with a launch coming up soon for interested players. Although it is in its early adoption phase, placing a cap on how much it can multiply in value is impossible. Like NFTs and actual real estate, the primary driver of digital real estate’s value is scarcity. With a limited supply of apartments, coupled with an ever-growing demand for them, the value of digital real estate will only increase with time. For example, while the BAYC project minted at 0.08 ETH, just a little over a year later, its floor price on the Open Sea is 72.6 ETH. These projects are changing the way we think about virtual worlds and asset ownership, and they have the potential to revolutionize the gaming industry. With so much potential, it’s no wonder that more value is increasingly being attached and generated by digital real estate.  

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    ASMR crypto art will stir up the NFT market–while calming you down, xtingles founder explains

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    ASMR crypto art will stir up the NFT market–while calming you down, xtingles founder explains

    crypto basset hound

    While “utility” became one of the most common topics in the NFT space, chased by artists and entrepreneurs as the magic ingredient for success, Andrew Fai started a platform that is bringing audio-visual Autonomous Sensory Meridian Response (ASMR) art on the blockchain.

    The post ASMR crypto art will stir up the NFT market–while calming you down, xtingles founder explains appeared first on CryptoSlate.

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    The NFT – Faith Connexion

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    The NFT – Faith Connexion

    crypto basset hound

    Over the years, Faith Connexion has been a trendsetter in fashion, creating thousands of street-wear garments seen on a number of A-List celebrities. With a style described as chic rock, edgy glamour or street couture, the brand’s clothing is sought by celebrities and trendsetters alike. This is because Faith Connexion stands out from the mainstream, representing an eclectic yet practical wardrobe for people who seek to showcase their individuality. It was only a matter of time that a brand as innovative and creative as Faith Connexion launches its own NFT, under the name Faith Tribe. Iconic brands like Louis Vuitton and Balenciaga have jumped onto the NFT hype over the past year. But why the hype and what even is an NFT? NFTs are non-fungible tokens of digital content linked to the blockchain. To get one, you need a cryptocurrency wallet, through which you can purchase NFTs on an NFT marketplace. Since NFTs are non-fungible, they are exclusive and not mutually exchangeable, unlike fungible assets (such as Bitcoin). A brand can either release exclusive NFTs, where there is only one copy of the digital work or an exclusive NFT with multiple copies. At the Art Basel Fair in Miami Beach, Faith Tribe launched its very own NFT initiative and token. However, its NFT release will come with a special spin, unseen from any other brand. Faith Tribe will be launching ten NFT collectibles that will be paired with the brand’s most iconic garments. The garments will be displayed and then sold in Faith Tribe’s showroom during the Art Basel Fair, with the garments embedded with NFT tags that prove ownership upon scanning. Faith Tribes’ NFTs at Art Basel were complemented with designer sketches and related media. The brand will also potentially invite NFT owners to exclusive virtual and live events. So buyers of Faith Tribe’s NFTs at the Art Basel Fair will not only be purchasing an iconic garment from the brand but will also be purchasing the garment’s story, with the sketches revealing how the garment came to life. They’ll be purchasing a part of Faith Connexion’s history, as the NFTs will be the first of likely many that the brand will introduce. They will also be buying access to the brand’s future, through exclusive invitations to brand events. We want in on this and you should too. Buying one of Faith Tribe’s NFTs doesn’t just mean ownership of a piece of digital work. It means an exclusive, multifaceted and memorable experience, and that’s what the brand’s about. Individuality, excitement and uniqueness. Faith Tribe’s initiative at Art Basel will be the prelude to the launch of its own token, and its own online marketplace and open-source creative platform, “Faith Tribe”. Faith Tribe will enable users to select a clothing template from more than 10,000 Faith Connexion garments in its archive as a base for their own garment design. Users can then upload their own designs and even set prices, auctions and royalty fees. Faith Tribe’s exclusive token will be used to mint the NFT, with designers and users being able to sell and buy designs on the Faith Tribe marketplace. Designs can be bought and sold with their token. Behind the idea of Faith Tribe, is Faith Connexion’s innate desire to democratize fashion and enable everyone to showcase and profit from their talent, true to its modus operandi of thinking outside of the box. The Art Basel Fair in Miami will take place in early December for those — rightfully — seeking to get their hands on Faith Tribe’s NFTs.

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    How Supreme Can Make Millions Through NFTs

    2021

    How Supreme Can Make Millions Through NFTs

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    Supreme – the ultra-trendy brand.  NFTs – a concept that most do not have a grasp of but is bound to be the future for buying and trading art and basically anything digital. Both Supreme and NFTs can benefit one another. The ability to buy Supreme’s digital content through NFTs would be a surefire way to get everyone to know, talk about and want NFTs even more than they do now. But for Supreme, the stakes are higher.  NFTs can be a multi-million dollar opportunity for Supreme, creating a secondary market for the company. Sounds far-fetched? Well, it doesn’t have to be. First, a quick briefing on NFTs. NFTs are non-fungible tokens that are pieces of digital content linked to the blockchain. This digital content isn’t limited to digital art and can extend to images of physical objects, video game skins, GIFs, Tweets, virtual real estate and more. NFTs are non-fungible, so unlike fungible assets, like Bitcoin, they are unique and not mutually exchangeable. No two NFTs are the same. Once you own an NFT you are the sole owner. One of the appeals of Supreme has been exclusivity and unparalleled creativity. Everybody wants Supreme’s latest drops, but there are only limited numbers of certain Supreme products. People have waited in line for days to get their hands on Supreme merch. So, there is no reason to believe that people wouldn’t jump on the opportunity to buy Supreme’s NFTs, especially if that means they will be the sole owner of that specific Supreme digital product. And there is no reason why Supreme shouldn’t jump on the opportunity to capitalize on NFTs. The NFT market rose to USD 2.5bn in the first half of 2021, and it just keeps growing and growing. With its unparalleled creative direction, Supreme could create merchandise like digital art and videos that would be coveted by thousands of people. Luckily, the marriage between Supreme and NFTs could happen very soon thanks to NFT marketplaces like Spores Network that align with its branding and vision. Spores Network believes that the decentralization of ownership and burgeoning metaverse will uniquely bridge our digital and physical lives. Their mission is to create an NFT ecosystem that is creator-centric, community-driven, and borderless. Spore’s unique twist on the NFT marketplace is that they function as a media company that leverages an NFT marketplace and game publishing platform to activate content creators in art, games and entertainment. Supreme’s capitalization of NFTs could change the future of the company and the future of how NFTs are perceived. For Supreme — and all of us — it would be best if this union happens sooner rather than later.

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    Japan crypto exchange Coincheck to host IEO for NFT platform Hashpalette

    2019

    Japan crypto exchange Coincheck to host IEO for NFT platform Hashpalette

    crypto basset hound

    Coincheck, a Japan-based crypto exchange company, today announced its plans to conduct an IEO this summer for Hashpalette, a blockchain network to mint, manage and trade digital content as NFTs. Back in summer 2019, to contribute to the growth and development of its cryptocurrency exchange, Coincheck began considering entering the IEO business. Then, back in […]

    The post Japan crypto exchange Coincheck to host IEO for NFT platform Hashpalette appeared first on CryptoNinjas.

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