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Vancouver Biennale Unveils the World’s Largest NFT on Kusama

The world’s largest digital collectible in the history of VR/AR art will be unveiled on Vancouver Biennale.

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The Vancouver Biennale, a top-tier contemporary art festival, hosts a 19,000-square-foot (1,765-square-meter) public art piece that is open to the public. It will be a physical object, as well as augmented reality and Kusama-based NFT.

When VR/AR Meets Blockchain: Introducing Voxel Bridge on Kusama

According to a press release by the Vancouver Biennale’s crew, a one-of-a-kind artwork will be unveiled at the festival. In addition, Polkadot’s’sister chain,’ Kusama, will launch the world’s largest NFT (KSM).

The sculpture will resemble a giant two-dimensional vinyl painting that will cover the pedestrian walkway, buildings, and the bridge’s bottom.

This artwork is exceptional in that it exists in three multiverses at the same time. To begin with, it is a work of contemporary art placed near Vancouver’s Cambie Bridge.

The Spheroid Universe team then created a VR/AR file for it. It can be viewed using a free app available for both iOS and Android smartphones.

Finally, it will be an NFT created on the Kusama (KSM) experimental smart contract environment, a “canary network” of the Polkadot cross-chain ecosystem.

Experience with Cutting-edge Art Installations

Users can learn the most important details regarding the Kusama (KSM) blockchain’s growth and technical design by visiting this VR/AR installation.

The president and artistic director of the Vancouver Biennale, Barrie Mowatt, highlights the revolutionary importance of this notion for mass VR and blockchain adoption:

“The Biennale of Vancouver has always been ahead of the curve, pushing the traditional boundaries of public art. We were resolved to offer an art installation of enormous creative and technological significance to the world now that the very idea of public has evolved to mean virtual.”

Andrey Almiashev, CEO of Spheroid Universe, emphasizes that this object will introduce all digital art fans to the resilience and eccentricity of Polkadot’s Kusama Network (KSM):

We visualized the Kusama Network blockchain’s life as an AR installation based on dynamic geolocation in the Voxel Bridge project. The key technological challenge is the precise positioning of a giant interactive AR object, which can be achieved primarily using photo and video data about the surroundings rather than markers. In the Polkadot / Kusama Network environment, we propose to use this knowledge to render NFT Art AR objects.

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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Projects

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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