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You Can’t Miss Out On These Breaking NFT Project Launches

Investors, collectors, gamers, and anybody else interested in obtaining unique products are still flocking to the NFT market.

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NFTs have seen a 2,500 percent rise in trading volumes in Q1 2021, and have achieved an overall valuation of over $2 billion on some platforms dedicated to trading Non-Fungible Tokens, therefore DeFi is relinquishing its role as the major hype-maker and volume-breaker.

The industry is becoming so popular that famous celebrities and venues are boarding the NFT bandwagon. This week, Miami will host an NFT BAZL as well as a two-day virtual NFT Summit focused on the sector and its possibilities.

With so much already happening and creating such a frenzy in terms of both technology and finance, it’s only natural to assume that the surge in NFT-related enterprises is heating up and promising to give a plethora of exciting ventures.

The following is a list of some of the more exciting NFT debuts that everyone should keep an eye on, salivating at the promises that the next items have to give in terms of top-notch entertainment and possible financial worth.

YooShi

Memecoin YooShi, a DeFi-oriented currency running on the Binance Smart Chain, is the first NFT project in the lineup. YooShi provides its holders with all of the benefits of decentralized finances that gamers and token holders have gotten accustomed to, in addition to a colorful metaverse full of fun and nonstop challenges. The YooShi metaverse, where players are plunged into multiple sub-game universes established by community members, has it all: NFT yield farming, play-to-earn, and prize distributions. Players can create their own businesses or find regular employment in the metaverse for a chance to earn some highly sought YooShi as part of the bombardment of jobs and minigames, converting the process of production and trade from a mundane work into a pleasurable gameplay experience.

YooShi uses token burns and a new auto-liquidity function to swiftly raise the liquidity level within the universe, in addition to taking advantage of all the benefits of the Binance Smart Chain. YooShi is primarily focused on catering to the community and bridging the gap between token issuers and holders for a wholesome, gamified earning experience for all involved by combining a variety of DeFi mechanisms and providing developers with a convenient toolset for building their own universes inside the game.

Bit.Country

Bit.Country is a fully established DAO that lets all of its users to build and customize a 3D voxel world metaverse. The project is so ambitious and tied to the real world that it has already carried out a full-fledged experiment involving the migration of over 150 average internet users into its metaverse, rewarding them with MVPC tokens for engaging in the world by posting quality content, leaving comments, and interacting with other users.

Bit.Country allows users to do or build anything they want, whether it’s a business, an event, an expo, or even a reenactment of a simple walk in the park, using a simple constructor that empowers participants with tools that blur the border between the virtual and real worlds. Bit.Country has what it takes to attract a serious following, thanks to its advanced decentralized and peripheral visualization technologies, which attracted over $4 million in seed funding from such titans as Animoca Brands – the brains behind hit games like CryptoKitties, The Sandbox, F1 Delta Time, and others.

Wilder World

Wilder World, an immersive 3D environment held together and managed entirely by NFTs, is another candidate for investors’ and NFT market observers’ attention. The initiative will be launched in partnership with Zero.Space, a decentralized metaverse that allows users to share, trade, and create with their peers. Wilder Planets allows users to explore multi-leveled, photorealistic, and mixed reality realms and worlds as Wilders, thanks to its large foundation. The Wilders are gamers who have complete freedom to travel the infinite virtual globe, gathering unique goods, purchasing land plots, and generally exhibiting themselves through avatars, decorative goods, fashion statements, and other means.

Wilder Worlds is based on the Ethereum blockchain and is absolutely intent on making it big in the realm of NFTs, with a fully community-governed approach to traction. Given that all of the goods dispersed around the numerous worlds of Wilder are one-of-a-kind and produced by fans and players, the opportunity to sell them for a small fortune is significant and worth considering.

Trace Network

Last but not least, there’s Trace Network, a fully decentralized finance protocol with advanced identification solutions built in to increase the quality of available product and ownership management procedures – all via NFTs, of course. Trace Network, an enterprise-grade DeFi protocol focused on the fashion, lifestyle, and luxury goods sectors, has already announced the creation of its own marketplace, aptly dubbed BLING, which will serve as a Limited Edition Luxury and Lifestyle NFT Marketplace.

BLING will leverage the Polygon network to speed NFT purchases and make the process even simpler and more efficient for new and inexperienced users, as part of its mission to function as a bridge between real-world items and virtual Non-Fungible Tokens representing a unique premium product. Apart from BLING, Trace Network is planning to launch a white label stablecoin backed by its native token, which will be utilized for on-chain settlements and accounts.

Up And At Em’

Despite the current digital currency market fall, NFTs are not going away, demonstrating once again that nothing beats the attractiveness and application of blockchain-based assets when they are connected to real-world objects – notably in the luxury or entertainment industries. The mind boggles with the potential that decentralized technologies still have in store, especially with so much creativity pouring in each of the initiatives being placed on the market.

NFT

Could this trademark application indicate that PayPal is developing an NFT market? 

A trademark application for blockchain and cryptocurrency technology has been submitted by PayPal. Some claim that the file has something to do with Web3 and the metaverse, although it may be tied to an NFT marketplace.

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A recent trademark application by PayPal has been found, and it suggests the development of a service pertaining to several facets of blockchain technology. The file, which was made on October 18, makes a notable allusion to the potential introduction of a non-fungible token (NFT) market.

For its logo, PayPal submitted two trademark applications. The first one concerns “downloadable software” for cryptocurrency trading and storage. The second discusses cryptocurrency-related payment processing services.

Although users may currently buy cryptocurrencies on PayPal’s platform, this filing suggests that there may be more to come. The concept of assets is substantially broader in the filing’s terminology. Mike Kondoudis, a trademark lawyer licensed by the USPTO, claimed on Twitter that this filing relates to NFTs and the metaverse.

Although there is no proof to support this, it would not be shocking if it were true. The finance business would be adding its name to a lengthy list of businesses that are starting to make inroads into the Web3 and metaverse spaces.

PayPal is investing more in cryptocurrency.
Over the past two years, PayPal has intensified its focus on cryptocurrencies. First, the company made a huge announcement for the industry by saying that consumers would be able to purchase cryptocurrency on its platform.

However, it didn’t start enabling users to move those funds into wallets outside of the network until recently. It indicated that it would roll out additional crypto-related features in the latter part of last year. One of those additions might be an NFT marketplace.

It teamed up with Coinbase’s TRUST network more recently. This was viewed by many as an endorsement of the sector. The TRUST network upholds consumer security and privacy while adhering to the banking industry’s Travel Rule.

Increased Criticism of Payment Giant
Additionally, PayPal has been in the spotlight for all the incorrect reasons. The business has recently come under fire for a contentious policy that penalized users for disseminating false information. Later, it claimed that false information was released with the amended policy. Crypto aficionados, however, were eager to point to this as evidence of the value of decentralization.

PayPal established a blockchain and cryptocurrency advisory committee earlier this year. According to the company’s management, working with governments is essential to overcoming obstacles and seizing possibilities.

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Seba Bank, a cryptocurrency company, aims to store valuable NFTs

Seba Bank, a cryptocurrency company, has launched its first NFT service, a blue-chip NFT-specific institutional-grade, certified, and independently audited hot and cold storage custody product.

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The launch comes in response to requests from customers to keep their NFTs with the bank alongside other crypto assets, such as the already-approved Bored Ape Yacht Club, Cryptopunk, and Clone X NFTs. The bank stated that new collections would be added based on customer demand.

With its newest offering, Seba Bank seeks to entice investors who view NFTs as an asset class and crypto natives. Not your keys, not your bitcoin is a well-known phrase in the crypto sphere, and adherents of this maxim could object to having their Apes or Punks stored with a third-party custodian.

Urs Bernegger, co-head of markets and investment solutions at Seba Bank, however, highlights a growing group of NFT holders who are more at ease handing up their NFTs and private keys to a company.

They don’t want the key because they aren’t even aware of how to handle and store it. He claimed that they’re more concerned with damaging the key than giving it to a bank.

It’s a significant issue. Between 2.3 million and 3.7 million bitcoins, according to Chainalysis, are trapped in inaccessible wallets. Numerous accounts of people have lost millions owing to losing private keys, including Russian officials, students, and engineers. Families have also been prevented from accessing substantial quantities of money following sudden deaths in which wallet owners had not disclosed their private keys.

Bernegger asserts institutional custody can be advantageous for native crypto users as well. There has been an increase in businesses providing services that employ NFTs as collateral for conventional banking services like loans.

Seba Bank is thinking about implementing these features in the future. Based in the crypto-friendly Swiss town of Zug, the four-year-old bank already backs several investing, credit, lending, and staking options for cryptocurrencies and might extend them to NFTs.

“Instead of traveling to the market, for instance, we could create a club for collectors and assist them in finding other collectors. There are a few things we have in mind, but we laid the groundwork by storing NFTs securely at first, “explained he.

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The NFT album maker for Kings of Leon now includes a metaverse music venue

YellowHeart, a Web3 ticketing startup, is opening a metaverse music venue in an effort to transform how performers, teams, and event organizers distribute tickets and interact with fans.

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The facility, constructed on Spatial, will feature Grammy-nominated blues musician G.Love as its opening act later this year. Fans can communicate with one another, participate in meet-and-greets before and after performances, and use several screens to view what is happening in various areas of the stadium simultaneously.

They will soon be able to order meals and drinks before the event, which will also be available as digital things.

The idea of an online concert has so far primarily been popularized by big gaming companies. The most well-liked virtual competitions have occurred on sites like Fortnite and Roblox. Ariana Grande’s Fortnite concert in August 2021 received 78 million viewers. Next month, Decentraland will host its second Metaverse Music Festival. Over 100 musicians are on the lineup, including well-known performers like Ozzy Osbourne and Soulja Boy.

In addition to throwing an event, YellowHeart, which assisted Kings of Leon in releasing an NFT version of their most recent album, stated that it hoped to accomplish more. It was established in 2017 with the lofty goal of revolutionizing the music ticketing sector as a whole, which has historically been dominated by powerful reselling organizations and exclusive ticketing relationships. These alliances frequently impose limitations on what purchasers can and cannot do with their tickets. Trying to resell a ticket for a concert you can’t go to might be a headache.

YellowHeart believes these issues can be resolved by returning control to artists and fans via web3 technology. Additionally, it may provide advantages that cannot be programmed into conventional tickets.

“These range from complete albums to personalized vinyl records, exclusive merchandise, and immersive visual art. Web3 tickets also allow performers to update fans on new tour dates, music releases, giveaway possibilities, and much more, according to the business.

It has already collaborated with well-known figures, including Julian Lennon, Maroon 5, and MGM Resorts. Contrary to the non-NFT versions offered on Spotify, iTunes, and other platforms, those obtained through YellowHeart entailed particular customer benefits.

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