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The Future Of Gaming NFTs; How SkinFlip Plans To Unite The World Of Gamers And Traders Through Their NFT Hybrid Marketplace

SkinFlip is going to revolutionize the world of gaming NFTs by developing a multichain NFT
marketplace for gaming assets.

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#nft #skinflip #gaming #trading

Non-fungible tokens (NFTs) have been around for a couple of years. From the early days to CryptoPunks and CryptoKitties, which brought public awareness to NFTs, the world of NFTs has grown a lot. Lately, the NFTs have started growing popular within the gaming community, where video game assets are becoming NFTs. Each day, more and more NFT games are popping up as game developers have recognized NFTs as the future of gaming. Primarily, NFT games were developed by individuals and small video game studios. However, the success they have been experiencing has caught the eye of the established and long-standing video game studios that have recently announced the development of NFT games.

Furthermore, with the spread of smartphones, Android and iOS games developers have also started looking into the possibilities of playing NFT games on mobile devices. This has made game developers of established NFT games expand into the world of smartphones to reach a more global audience. All of this has, once again, proved that NFT games are not just a current niche in the world of NFTs and blockchain but that the NFT games are the actual future of video games.

#nft #skinflip #gaming #trading

This creates a world where gamers are acquiring tradeable NFTs. All gamers then need is a marketplace that will allow them to trade their NFTs from multiple video games, further enabling the play-to-earn (P2E) model. Thus, all gamers will have an opportunity to trade the video game assets they earned in the form of NFTs.

This is where SkinFlip comes in by providing a perfect solution for this issue, as the current NFT marketplaces aren’t specifically designed to trade video game assets. So, not only will the gamers have an opportunity to trade their video game assets, but NFT traders will also have the opportunity to look for their new investments, which will unite both gamers and traders on one platform, creating a one-stop-shop for all of them. However, SkinFlip will be more than just a marketplace for video game assets.

#nft #skinflip #gaming #trading

By developing a multichain NFT marketplace for gaming assets, SkinFlip will have the first-mover advantage. This will create a unique opportunity for SkinFlip to thrive when NFTs become a standard for the video game industry. SkinFlip is a strong advocate of open game economies and will vigorously push for NFTs to become the gaming industry standard. Furthermore, by providing a multichain marketplace, the users will trade NFTs from any blockchain. It will not focus solely on Ethereum’s NFTs, the so-called ERC-721 tokens, as most other NFT marketplaces support the NFTs from only one blockchain.

Ethereum, Solana, Flow, Binance Smart Chain, and Polygon are the leading blockchains for NFTs, and SkinFlip will be integrated with all of them. As more and more blockchains have smart contract capabilities, SkinFlip will monitor their development and incorporate them in the future. With a marketplace explicitly made for video game assets, there will be countless opportunities for gamers and traders to participate in trading those assets. SkinFlip will help them develop a marketplace for it by having the lowest fees in the industry, an easy-to-use platform, vetting projects to protect the users, integrating multiple blockchains, and much more. But, it won’t stop there.

#nft #skinflip #gaming #trading

SkinFlip Turtle NFTs are the native NFTs of the SkinFlip marketplace. This NFT collection brings utility and benefits to holders via NFT staking mechanisms. Each holder of the SkinFlip Turtle NFT will have its marketplace trading fee reduced, own all IP rights to the NFT, have early access to the marketplace and its future products, and access to SkinFlip DAO voting.

Oh, and the owners of SkinFlip Turtle NFTs will also earn passive income in the form of SkinFlip Exchange Tokens (SFX) by staking their NFTs. SFX is an SPL token and the native currency of the SkinFlip ecosystem. It is designed to be the foundation of our system, alongside our native NFT Collection SkinFlip Turtles. This means that SkinFlip will offer the marketplace for video game assets, its NFT collection, and its token. Similar to the SkinFlip Turtle NFTs, the SFX token will also provide utility to its holders.

#nft #skinflip #gaming #trading

For the opportunity to own a SkinFlip Turtle NFT, the SkinFlip team is organizing an Initial NFT Offering (INO) in December 2021. Each person will have an opportunity to mint a SkinFlip Turtle NFT, the so-called Flippy. Amongst all the participants, a random draw will decide which participants will be able to mint their SkinFlip Turtle NFT. Those who will be able to acquire SkinFlip Turtle NFTs can enjoy all the utility that those NFTs offer.

To learn more about SkinFlip or any of their products and projects, visit their website or join their community on Discord. To stay in touch with all the latest updates, follow their social media channels (links below).

Official Website: https://skinflip.net

Discord: https://discord.gg/skinflip

Twitter: https://twitter.com/skin_flip

TikTok: https://tiktok.com/@skin_flip

Instagram: https://instagram.com/skin_flip/

NFT

To Be Sold for $70 Million, with Proceeds Used to Support NFT Purchases at MoMA

The auction of works by Renoir, Picasso, Bacon, and Rousseau will help the museum increase its online presence and maybe buy NFTs.

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This fall, the William S. Paley Foundation will hold an auction featuring works of art valued at at least $70 million in order to increase the digital presence of the Museum of Modern Art (MoMA) in New York and possibly acquire the institution’s first NFTs.

Since the passing of the co-founder of CBS in 1990, William S. Paley’s collection has been maintained by MoMA. Sotheby’s has been hired by Paley’s namesake organization, which includes endowment funds for museums and educational and cultural activities, to auction off 29 of the 81 items in the MoMA collection.

The sale proceeds will go toward growing the museum’s online presence. MoMA’s director Glenn Lowry stated in the Wall Street Journal that the museum had suggested several potential uses for the funds.

MoMA may start its streaming service, organize online exhibitions and video discussions with artists, or work with colleges and training organizations to offer online courses. More importantly for cryptocurrency enthusiasts, MoMA might also buy its first NFTs.

According to Lowry, the museum has a dedicated team monitoring the digital art scene to hunt for suitable artists to collaborate with or buy from.

In the interview, he added of NFTs, “We’re aware that we lend an imprimatur when we acquire things, but that doesn’t mean we should shun the domain.

What’s on offer?
The William S. Paley Foundation and MoMA have an agreement that gives MoMA the final say in how the collection is used. Other humanitarian endeavors championed by the late Paley will receive a tiny share of the proceeds from the autumn auction.

Most of the collection’s most famous works, such as Picasso’s “Boy Leading a Horse” from 1905–06 and Matisse’s “Woman with a Veil,” are not for sale. Rousseau and a Renoir, on the other hand, will be sold at auction, according to Lowry.

According to Sotheby’s, Francis Bacon’s “Three Studies for a Portrait of Henrietta Moraes” will be auctioned for at least $35 million in London in October, and Pablo Picasso’s “Guitar on a Table” will be sold for at least $20 million in New York this November.

It’s anticipated that the collection would bring in between $70 and $100 million.

Despite not yet owning a tokenized work of art on the blockchain, MoMA has already contributed to the development of NFTs. The MoMA gave all of its collection’s information in November of last year to the Unsupervised exhibition and NFT project by AI artist Refik Anadol.

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NFT

How NFT Projects Are Setting Up For Ethereum’s Network Shift to Stay Ahead of the Merge?

This week is finally predicted to see the occurrence of one of the most important occurrences in the history of cryptocurrencies. 

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The blockchain network will completely switch from its existing proof-of-work consensus process to the proof-of-stake model thanks to Ethereum’s significant software upgrade, known as The Merge. Ethereum is anticipated to carry on as usual, except that PoS authentication of cryptocurrency transactions will now be used instead of PoW.

Ethereum.org states that “The Merge signifies the combining of Ethereum’s new proof-of-stake consensus layer, the Beacon Chain, with its existing execution layer (the Mainnet).” It does away with the necessity for energy-intensive mining and instead uses ETH stakes to safeguard the network.

Sustainability, scalability, and security are the three key areas of concern that The Merge seeks to solve. Researchers at the Ethereum Foundation claim that the new architecture not only paves the way for future scaling improvements like sharding but also significantly cuts Ethereum’s energy consumption by more than 99% because miners won’t have a financial incentive to run computers constantly.

Further modifications to the NFT market are anticipated due to the switch from proof-of-work to proof-of-stake. The Merge may improve the tokenomics of the entire market, broaden the range of cryptocurrencies it supports, and potentially raise the price of NFT.

The bulk of NFTs are a part of the Ethereum blockchain, and many people are enthusiastic about the switchover because it is anticipated to use less energy, allowing users to mint and sell NFTs in a more environmentally friendly manner. However, other users worry that, as with every substantial technological change, there may be a chance for fraud, hacking, volatility, and confusion.

Do you have safe NFTs?
Due to duplicate NFTs existing as a result of the ETH proof-of-work chain and other future forks, it may be unclear which assets are “official” or “real.”

There is a chance that there will be two different types of NFTs when the merge is finished because Ethereum is projected to have at least one proof of work (PoW) fork that will continue to exist. Thus, NFT owners can experience a problem known as a “replay attack.” When a transaction is finished on one blockchain and then repeated on another, this occurs.

OpenSea, the largest NFT market, and well-known companies like Yuga Labs, the company behind the Bored Ape Yacht Club, have officially said that they will not accept the identical NFTs that are present on these chains. In a similar vein, Proof, the startup that is in charge of the Moonbirds NFT project, has stated that it will neither acknowledge or support any forks that are made after a merging.

The Merge will quickly establish itself as the dividing point between PoW-era and PoS-era NFTs. One of the first projects to launch during Ethereum’s new phase will be Supercute World’s SELFi3STM NFT collection. The project will be powered by Web3 developer platform, Alchemy, and will showcase the company’s new full stack NFT development capabilities.

Nikil Viswanathan, cofounder and CEO of Alchemy, stated, “Our objective has always been to bring web3 to a billion people, and we see NFTs being a crucial driver of that adoption.” We’ll keep investing in our full-stack NFT development offering and supporting innovative, exciting new projects like Supercute World to help reach that aim.

The first completely inclusive NFT initiative is SELFi3STM by Supercute WorldTM, which offers male, female, and gender-neutral variants so users can develop and represent the greatest versions of themselves online. Without ever changing the rarity score, holders will be able to select the best version of themselves.

The upcoming collection of 7,777 SELFi3S from Supercute World is anticipated to debut in October. Visit the website and follow the project on Twitter to keep up with developments and learn more about Supercute WorldTM.

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NFT

‘LG Art Labs,’ a new NFT marketplace, is introduced by LG Electronics

The second major South Korean television manufacturer to do so this year is the electronics giant, which just opened its own NFT marketplace.

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The “LG Art Labs” NFT marketplace has just been released by LG, a South Korean electronics business, and is now accessible to all US LG television owners running webOS 5.0.

From the comfort of their homes, users may purchase, sell, and trade non-fungible tokens (NFTs) through the marketplace, which is available from the LG home screen.

NFTs are non-fungible tokenized blockchain representations of non-fungible assets, making them distinct and irreplaceable. Similar to how antiques and works of art are frequently non-fungible in the real world, NFTs on a blockchain ledger typically represent digital versions of these items.

Wallypto, LG’s in-app cryptocurrency wallet created by the Hedera network last September, manages transactions on LG Art Labs.

Hashgraph, an alternative distributed ledger system (DLS) to blockchain that offers lightning-fast transaction times, highly functional smart contracts, high energy efficiency, and transaction fees that amount to only pennies, is the DLS that Hedera employs.

On August 12 of this year, LG submitted an application to register the Wallypto patent.

The two companies initially collaborated when LG joined other tech giants like Google, IBM, Deutsche Telekom, and Ubisoft on Hedera’s governing board in 2020.

LG Electronics enters the NFT market

LG is not the first Korean TV maker to integrate NFT trading into the viewing experience.

To develop a new NFT marketplace for owners of Samsung TVs, Samsung announced a partnership with NFT marketplace Nifty Gateway in March of this year.

Through a smart TV interface unveiled in January, users may view, purchase, trade, and display NFTs.

The Samsung MICRO LED, Neo QLED, and The Samsung NFT Platform supports the Frame TV models from 2022.

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