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Metapurse Launches ‘Dreamverse,’ the World’s First NFT Festival

In November, Dreamverse will take place at Terminal 5 in Manhattan, which has already welcomed big names in music such as Run The Jewels.

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Metapurse, an NFT investment firm, has announced Dreamverse, a one-of-a-kind festival focusing solely on “NFT-focused music, art, and technology,” billed as the world’s “first-ever” event of its sort. It will take place in New York City in November. Metapurse’s first physical event is taking place this weekend.

The event will feature the world premiere of acclaimed modern artist Beeple’s ‘EVERYDAYS: THE FIRST 5000 DAYS,’ as well as a full art display and an electronic music concert.

Dreamverse, according to Metapurse’s announcement, is a “two-fold” NFT-specialized experience, with one half taking place during the day and the other during the night. The ‘Dreamverse Gallery’ will be open throughout the day, with the “evening Dreamverse Party” taking over in the evening. Alesso, RAC, and PLS&TY are among the performers at the celebration.

Alesso’s performance also celebrates the launch of the EDM artist’s own first-ever NFT collection on the OneOf platform.

Who is Metakovan, and what is Metapurse?

Metapurse describes itself as a non-traditional investment fund. Along with Mark Cuban, Crypto.com Capital, and Galaxy Interactive, Metapurse was believed to have been one of the key participants in a $16 million financing round for Althea AI’s NFT bot “Metaverse” in August.

Metakovan (AKA Vignesh Sundaresan) created and led the company, which had its first public engagement with artist Beeple in March of this year. In addition, Metakovan was announced as the winner of a $69 million auction for a Beeple-produced NFT in March.

Beeple’s most recent NFT work(s) will be shown at Dreamverse in November.

The (im)possible Dreamverse

On June,2 Miami hosted ‘Bitcoin 2021,’ which was widely billed as “the biggest Bitcoin event in history,” with speakers including Jack Dorsey. It also served as a forum for the emerging NFT scene, attracting famous contemporary artists, Beeple, and others.

Dreamverse is the next big crypto event, and it will take place in New York City on November 4, 2021, at the Manhattan site ‘Terminal 5′. Terminal 5 is a multi-level event hall with a capacity of up to 3,000 people; however, this capacity was calculated before the epidemic, and the maximum attendance will most likely be substantially lower.

Run The Jewels, Bring Me The Horizon, Travis Scott, Bonobo, and a slew of other artists have performed at Terminal 5, including Run The Jewels, Bring Me The Horizon, Travis Scott, Bonobo, and a slew of others.

This makes it an ideal location for the first-ever NFT festival, and it marks the shift of NFT musicians from avant-garde experimentalists to full-fledged rock stars!

NFT

OpenSea and Kakao’s Klaytn collaborate to expand NFT across Asia

Klaytn, a Singapore-based public blockchain platform, and OpenSea, a non-fungible token (NFT) market, established a cooperation on Friday to support the Asian NFT ecosystem.

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  • In order to showcase Asian NFT initiatives to a worldwide audience, the alliance involves conference collaborations and ecosystem awards.
  • The largest NFT marketplace in the world supports four blockchains: Klaytn, Polygon, Solana, and Ethereum.
  • The blockchain subsidiary of South Korean internet behemoth Kakao, Ground X, founded the Klaytn Foundation.
  • On its central bank digital currency (CBDC) pilot project, the Bank of Korea collaborates with Ground X.

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Shopify Expands Online Retailers’ NFT-Gated Options

Brands are able to increase the exclusivity of their shops thanks to the e-commerce platform.

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The future of e-commerce, according to Shopify, is in NFTs.

As a new option for brands wishing to make their stores more exclusive, the online retail behemoth, which enables small businesses to construct customized e-commerce shops, is providing NFT-gated storefronts, Shopify announced on Wednesday.

In the Shopify introduction video, which includes a skating woman who passes through a pastel portal and transforms into a Doodles NFT, a voiceover urges viewers to “invite their communities into a world that acknowledges and rewards devotion.”

The video explains that token holders can access special shopping opportunities by connecting a cryptocurrency wallet, including early access to drops and limited collections as well as one-of-a-kind experiences and other surprises.

Only individuals with existing NFT collections are able to apply for early access to Shopify’s “gm” shop, which is a gated merchandise store and a play on the Crypto Twitter acronym for “good morning.”

However, those that haven’t received approval yet can still integrate NFT token-gating apps like Shopthru or Single into their Shopify sites.

Shopify announced that it has already collaborated with the Adam Bomb Squad, Doodles, World of Women, Invisible Friends, Superplastic, Stapleverse, and Cool Cats NFT collections to develop token-gated shops as part of its token-gated business launch.

Shopify is introducing “IRL” token-gating in brick-and-mortar stores in addition to online token-gating, which restricts access to certain merchandise to authorized NFT holders exclusively.

Why is this important? The future of Web3 commerce will focus on exclusivity, for one thing. NFTs, which are distinctive blockchain tokens that denote ownership over an asset, are increasingly employed as membership cards, tickets to events, and “keys” to open benefits, despite the fact that they are frequently oversimplified as digital art or “jpgs.”

Additionally, this isn’t Shopify’s first venture into NFTs: The business has been involved with Web3 since last year, when it announced the launch of NFT sales on its platform. Brands can mine and sell NFTs on Shopify to clients using the Ethereum, Polygon, Solana, or Flow platforms.

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OpenSea, beware—Uniswap is pushing into NFTs

The NFT aggregation platform Genie is being purchased by Uniswap Labs, the organization that created the Ethereum-based decentralized exchange Uniswap.

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In a Bankless interview on Tuesday, Uniswap founder and CEO Hayden Adams said, “We’re attempting to transfer what we brought to the ERC-20 market to the NFT sector.”

You can buy NFTs—individual blockchain tokens that represent ownership—on a variety of different marketplaces, such as OpenSea, LooksRare, or Coinbase NFT. However, few allow consumers to buy many things at once, and none provide aggregation tools that let traders view listings on competing marketplaces.

According to Uniswap Labs on Twitter, “We see NFTs as another form of value in the burgeoning digital economy, and it’s a no-brainer for us to integrate them.”

The NFT aggregator Gem, which also enables customers to acquire numerous NFTs in a single transaction, was purchased by OpenSea just two months prior to the announcement of its acquisition by Genie. OpenSea intends to incorporate NFT aggregation functions into its primary platform, just like Uniswap.

A new tab dedicated to NFTs will be added to Uniswap’s main website later this year as part of the company’s push into NFTs, according to a statement from the company. Additionally, NFTs will be included in its developers’ APIs and widgets.

Uniswap Labs intends to airdrop an unspecified quantity of the stablecoin USDC to Genie’s early backers as a way to commemorate its acquisition. By April 15th, USDC will be given to everybody who had utilized the platform at least once or owned a Genie Genesis NFT. (The business had earlier tweeted that Genie Gem owners were eligible for the airdrop.)

Uniswap entered the NFT market for the first time in 2019 with Unisocks, an NFT that granted holders access to a real pair of socks.

The largest NFT market, OpenSea, has a floor price for Unisocks of 13 ETH (about $15,300) at the time of writing.

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