Co-producer of an animated film with the NFTs, Minting-As-A-Service, Landscape of the NFT Musical

Since the launch of Bitcoin in 2008, Crypto has presented an endless amount of white space with imaginable and unimaginable market opportunities, often with the mobile at the center of art in play. S1822

Decipher the future

The meta-verse as a concept has been around for a couple of decades. However, interest in the virtual world increased at the end of 2021 after an increase in NFT sales as well as announcements from Big Tech players indicating their interest and investment in space. Today, the most popular way to experience Metaverse is through a video game played on a virtual reality (VR) headset. But in the subsequent report, we discuss the possibility that Metaverse will be the next iteration of the Internet or Web3. This “open metaverse” would be community-owned, community-driven, and a freely interoperable version that would ensure privacy by design.

Users should increasingly have access to a wide range of consumer goods, including trade, art, media, advertising, healthcare and social cooperation. A device-agnostic metavers would be available via personal computers, game consoles and smartphones, which would create a large ecosystem. Using this broad definition, the total addressable market for Metaverse could be between $ 8 trillion and $ 13 trillion by 2030, with a total Metaverse user base of around five billion.

But to reach this market level, it will be necessary to invest in infrastructure. The metaverse content streaming environment is likely to require an improvement in computing efficiency above 1,000 times the current level. There will be a need for investment in areas such as computer, storage, network infrastructure, consumer hardware and game development platforms. Interoperability and seamless exchange between the underlying blockchain technology is the key to ensuring a frictionless user experience.

Finally, if Metaverse is actually the latest iteration of the Internet, it is likely to attract greater control from regulators, policy makers, and global governments. Issues such as anti-money laundering rules for exchanges and wallets, the use of decentralized financing (DeFi), cryptocurrencies and property rights all need to be addressed.

Source

Become a co-producer of an animated film with NFTs

Each owner of one or more NFT PLUSH automatically becomes a co-producer of the film, it is lifted from the PlushNFT project. It will be produced and directed by Rooftop-Production and Karlab studios, two major players (35 years of experience) in the world of animation, whose teams have been working on the biggest hits of the last ten years. Members of the PLUSH community will also be able to influence the film’s main themes through a voting system that will influence the original script. All owners of NFT PLUSH will receive a proportionate 80% of the film’s worldwide box office profits.

According to them, the potential is huge! over the last 10 years, these types of movies have averaged over $ 700 million at the box office. On this basis, an NFT Plush could generate, still on average, a price gain of 667% in two years.

New concept, Quantum Skull

Generating art on a real quantum computer, learning to utilize observation of atoms to achieve massive processing power. This processing power has the potential to be so powerful that it is likely to break the cryptographic security of blockchains, which is wonderfully ironic because the artwork is being put on the blockchain.

The Quantum Skull artwork was sold at Sotheby’s for $ 81,900

Interview with Michel Mauny, CEO of Nomadic Labs and Arthur Breitman, Tezos

NFT Market Q1 2022 by NonFungible

The NFT market experienced strong euphoria in 2021, mainly driven by the Collectibles segment. But at the end of the year, the various volumes began to decline, and this trend continued in the first quarter of 2022. This is explained in particular by a rather complex geopolitical context, but not only. NonFungible produces 54 pages dedicated to NFT market analysis for the first quarter of 2022.

How did the NFT market react to the war in Ukraine? One of the most important events in this first quarter is the war in Ukraine. This is probably what marked the biggest move in the industry, as can be seen in this Google Trends search chart. With the media oversaturating the subject towards the end of the year, it was only natural that interest would decline. Another important factor is the Fed’s announcements at the beginning of the year about the slowdown in “anti-covid” financial measures.

In general, the indicators are bearish. a decrease in NFT sales volume was to be expected due to saturation of the collectibles market. Many projects, such as Profile Picture (PFP) with an offer of 10,000 assets have declined sharply to make room for projects with fewer offers. However, this decrease in sales volume is accompanied by a much smaller decrease in the volume of dollars traded (a decrease of only 5%).

With nearly $ 8 billion traded in the first quarter of 2022, the market can not really be considered to have collapsed. We observe a stabilization of the NFT market in line with the last quarter of 2021.

However, two indicators are rising:

  • The number of smart contracts increased by 10.46% from 1,271 in Q4 2021 to 1,404 in Q1 2022
  • The average price of non-fungible tokens increased by 80%, from $ 587 in Q4 2021 to $ 1,057 in Q1 2022

Source

NFT Market Q1 2022 by Coinbase

Despite the market slowdown, the first quarter was another very active quarter for venture capital financing. According to data from The Block, in the first quarter of 2022, there was a record-breaking venture capital financing of $ 12.5 billion. A number that has risen in seven consecutive quarters. Coinbase Ventures was also busy, closing 71 new deals in the first quarter. This is facilitated by the low start-up costs that crypto and Web3 companies benefit from thanks to open source code and the ability to start or self-finance through token issuance.

Coinbase invests in over 300 teams, building from Layer 1 protocols, Web3 infrastructure, centralized on-ramps, decentralized economics, NFTs, metaverse technologies, developer tools and more.

On the infrastructure side, we see a wealth of activity in cross-chain solutions and DAO tools. Polkadot is gaining momentum, with parachains live, Polkadot is now able to host user applications. Ecosystems outside of BTC / ETH have exploded and there are now over 10 chains coughing up over $ 1 billion in value.

NFT projects aim to bring more utility to the space, with Yuga Labs making some serious waves in the quarter. While NFT activity in 2021 was centered around simple buying and selling, the next wave of projects is to create utility around NFTs. Platforms like Cymbal aim to bring more communities and social functions around NFT ownership.

The advent of Axie Infinity has attracted successful traditional game developers to integrate into Web3, where Southeast Asia has become a hotbed of activity.

Fantastic Yuga Labs

Yuga Labs, the startup behind the $ 4 billion Bored Ape Yacht Club (BAYC), has launched the first phase of its future Otherside metaverse. In less than 24 hours, Yuga Labs generated over $ 561 million from Otherside’s “Otherdeed” NFT sales alone. NFT is the key to claiming land in Otherside, the next metaverse game from Yuga Labs. About 55,000 NFTs have been minted, meaning that each Otherdeed costs about $ 5,800 considering the price of Apecoin (about $ 19) at the time of minting. Otherdeed has already seen over $ 242 million in total secondary sales volume.

Hack BAYC

Sale of VIP passports

Investment in Web3 / Blockchain Space

New crypto- and blockchain technologies received over $ 25 billion in venture capital funding in 2021. That is an increase of 713% from $ 3.1 billion in 2020 (according to CB Insights). And it accounted for 4% of all global venture capital dollars (compared to 1% in 2020).

Funding for NFT companies alone increased to $ 4.8 billion in 2021 (from $ 37 million by 2020). During this time, there were 240 DeFi transactions (almost doubling compared to 2020). Coinbase Ventures was the first investor in 2021 (with 68 investments), closely followed by AU21 Capital (with 51 investments) and Andreessen Horowitz (with 48 investments).

Rarify offers an NFT API

Rarify removes the biggest obstacles companies face when introducing NFTs to their existing products. Rarify is intended to offer an application programming interface (API) platform that enables companies to build, manage and scale NFT products with simple integration.

The startup currently offers trading API infrastructure for marketplaces and apps to build end-to-end NFT experiences.

MoonPay builds Minting-As-A-Service

MoonPay is hiring a number of engineers for its new HyperMint service, a platform that will bill just like Amazon Web Services for NFTs as the company adds more product lines to its core payment offering. HyperMint’s early customers include high-end fashion houses and record companies. The company also recently partnered with OpenSea to roll out direct card payments to simplify the process of acquiring an NFT for those who do not own crypto. In October 2021, the company raised $ 400 million in a round where its valuation was estimated at $ 3.4 billion.

News

Decathlon reveals NFT sneakers on Tezos
Goldman Sachs says it is exploring tokenization of real assets
Bitcoin is now the official currency of the Central African Republic

Leave a Comment