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How does Secretum intend to take over NFT gaming in the long term?

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#secretum #nft #nfts

Since the long-gone era of Pong and Galaxy Games, NFTs have become the newest, hottest, and most powerful trend in the gaming world. For the first time, players all over the world can now earn real money by playing to earn (P2E) games, and in-game assets (such as characters, land, tools, and more) have been converted into tradable tokens with real monetary value. Investors and gamers alike are pouring money into the industry:

Sales of NFT land plots surged by more than 1,600 percent in 2021, peaking at more than $3 million per day for Sandbox, a virtual world development game.
An unprecedented $203 million was raised in Ember Sword’s NFT digital land sale in August of 2021. Investment fund Metaverse Group paid $2.43 million in December 2021 for an NFT land plot on Decentraland, a record price. In 2021, Axie Infinity, the most popular NFT metaverse game, sold a record-breaking $3 billion worth of NFTs.


This seismic shift is being signaled by the explosive growth of NFT trading volumes ($41 billion in 2021) and the rapid rise in the number of NFT game metaverses (which is rapidly approaching 500). It also appears that the term “metaverse” has been introduced to the general public as a result of Facebook’s name change to Meta. Goldman Sachs estimates a potential $8 trillion in the metaverse by 2030, while PwC estimates $1.54 trillion.

However, this paradigm-shifting development has not been without its drawbacks. Discord and Twitter, as well as NFT storage, have recently been the targets of high-profile hacks targeting gamers’ communication channels.

Gamers will never again be spammed, phished, or harassed by malicious actors thanks to strong gaming communities. Unlike Discord or Twitter, all members of the community are real, and all communications within the channel are authentic. The NFT token becomes a means of verifying one’s identity, while the SER token serves as the currency of a new messaging ecosystem.

Increased NFT Trading Volumes – Public Smart Channels increase the amount of communication, connections, and NFT trading on Secretum. As a result, NFT owners can avoid the high fees, congestion, and lack of liquidity that plague many crypto and NFT exchanges. To encourage Secretum users to invest and trade NFTs, Solana’s trading costs are just $0.00025 per transaction. Solana ensures that Secretum is scalable with a potential of 65,000 transactions per second.

With the Solana blockchain at its core, the Secretum hopes to build the NFT gaming world’s most trusted platform for secure communications, cost-effective NFT trading, and community building. Secretum is well-positioned to meet growing demand in the NFT sector, which is experiencing unprecedented growth.

Ending on April 22, 2022, at 24:00 EDT or when all 3,000,000 tokens have been sold, the last round of the Secretum Private Token Sale will be closed at the rate of $0.50 per token.

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Is Fender quietly getting ready to enter the NFT market?

In order to preserve or launch its brand in web3, Fender has filed various NFT-related patents and trademark applications in the United States.

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Fender, a well-known guitar manufacturer, has filed three patents related to NFT with the US Patent and Trademark Office.

When it comes to developing, selling, or buying NFTs with the Fender brand name, the patents would suggest a purpose to make or protect its brand.

Fender filed a series of trademark applications linked to its headstock design in possible NFTs, according to GuitarWorld, including NFT collectibles, virtual products, pictures, artwork, video, and audio recordings featuring music and musical instruments.

Mike Kondoudis, a trademark attorney, noticed the application to the US Patent and Trademark Office, which was filed on April 28.

Source: Twitter

Fender isn’t the first guitar company to think about using NFTs. Billboard reported in January that Gibson, the legendary guitar brand and Fender rival, was preparing to join the NFT industry with six trademark applications connected to NFTs and digital goods.

Big brands, from Adidas to Gucci, have been fast to experiment with NFTs and the Metaverse as two new distribution channels. They’re still figuring out where they belong in the virtual worlds.

NFTs are being used by musicians to reinvent fan involvement

NFTs and the Metaverse are being used by many established bands and brands to redefine how they communicate with fans. Additionally, musicians that rely significantly on in-person concerts as a fundamental income source will find the revenue streams and royalties available by the sale of NFTs appealing.

Music producers and platforms such as Audius, DAOrecords, and TokenTraxx are collaborating with musicians to demonstrate the possibilities of Web3 technology and allow fans to be creative using NFTs.

As famous guitarists get involved in the NFT realm, guitar brands are naturally interested. Keith Richards sold one of his beloved guitars with an exclusive 1-of-1 Tezos blockchain NFT produced for $57,600 in January of this year. The guitar, as well as a digital replica in the shape of an NFT and a video of Richards signing the guitar, were all up for auction.

Since the beginning of the year, the number of NFT trademark applications has increased dramatically, with 3,306 applications filed between January and April.

Source: Twiter

Despite the applications, Fender has yet to reveal its plans for NFT.

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According to Music Ally, Spotify has begun testing NFTs on its platform

If a trial deployment goes well, artists may soon be allowed to market their non-fungible tokens (NFTs) on Spotify, according to Music Ally.

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Spotify, the most recent tech business to join the NFT bandwagon, entered the web3 world earlier this month with the introduction of “Spotify Island” on Roblox on May 3. Spotify will now test NFTs on the platform to specifically selected US consumers, starting with a single trial selection of artists, including Steve Aoki and The Wombats.

Users will have to purchase NFTs through an external marketplace, thus they won’t be able to sell them directly. As part of the trial, Spotify has stated that it will not take a portion of the sales.

Simultaneously, customers have stated that Spotify is sending out surveys and even paying some people to talk to team members about their feelings regarding NFTs and web3. Questions concerning sentiment, cryptocurrency purchases, and why people acquired NFTs have been circulated on Twitter. Some poster responded with mockery to the queries.

Since March, when Spotify placed two job offers for working on early-stage web3 projects, rumors have circulated that the firm was interested in entering the web3. The announcement comes only days after Meta revealed that it would begin testing digital collectibles and NFTs on Instagram as well.

By the time of publication, Spotify had not responded to a request for comment from The Block.

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Square Enix intends to issue tokens and make a significant investment in Web3 gaming

By investing in blockchain gaming infrastructure, the big game producer is altering its business strategy to include a stronger NFT environment.

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Square Enix announced in its first-quarter results report that as part of its medium-term business strategy in 2022, it will include nonfungible tokens (NFTs) into more game goods.

According to Square Enix’s most recent earnings report, the company manages $3 billion in assets. The company controls the Final Fantasy franchise, which it sold for $300 million on May 3rd.

According to the report, the company began testing NFTs in February this year on the Shi-San-Sei Million Arthur game. If the pilot program is a success, the game’s NFTs will be renewed for a second season, and the company will expand its NFT and blockchain activities.

SE wants to provide regulatory clarity and norms for blockchain gaming, address scalability in NFT economies, and consider forming a corporate capital venture unit, among the top priorities of its blockchain domain projects.

The company also announced that it intends to create an overseas organization that will be responsible for “issue, administering, and investing our own tokens,” implying that the company will begin to build a large gaming-token economy.

SE has been exploring its options in the blockchain gaming market with the help of Web3 gaming and metaverse venture capital firm Animoca Brands. As SE digs deeper into the ecosystem, collaboration between the two companies is expected to deepen.

Square Enix’s gaming clout, according to Animoca’s executive chairman Yat Siu, will only help the company establish a blockchain gaming presence. On Monday, he said to Cointelegraph,

“Square Enix has long talked about the possibilities of blockchain games, so it understands it better than most of the traditional gaming titans.”

The third objective of the report’s medium-term business strategy is to invest in and monetize blockchain, artificial intelligence (AI), and cloud computing. This aligns with CEO Yosuke Matsuda’s stated desire in January to increase his company’s involvement in such technologies.

Despite a broad cryptocurrency market dip in 2022, the appeal of Web3 and NFT gaming has remained strong. On Saturday, according to market tracker DappRader, there were roughly one million daily active gamers, nearly the same as on January 1.

Gamers, on the other hand, aren’t spending as much as they used to, with total sales volume for NFT game items falling 88 percent from $70 on January 1 to $8.7 million on Saturday.

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