Blockchain gaming continues to grow and dominate the nonfungible token space with a share of roughly 22% of all NFT trading volume in the third quarter of 2021, according to a report released by the Blockchain Gaming Alliance, or BGA. The report showed that NFT games accumulated $2.32 billion in revenue between July and September. Metaverse-related activity was also highlighted in the report. It showed that virtual land sales reached $42.6 million while the total market capitalization for virtual world decentralized apps reached an all-time high of $4.6 billion at the end of November. Additionally, the report mentioned that there …

TPG Telecom and the Avocado Guild, a blockchain gaming business focused on the play-to-earn (P2E) model, have teamed up to allow customers to exchange their AVO DAO tokens for mobile data credits. AVO DAO is the native digital currency of the Avocado Guild. It will be utilized to incentivize players for their time and effort in playing blockchain games. While commenting on the new partnership, Avocado Guild CEO and co-founder Brendan Wong said that the partnership contributes to the overall vision for Avocado Guild "to enrich our scholars' lives by allowing them to exchange the tokens for internet access." The …

Mongolia is a land of endless steppes, hosting mystic Tibetan Buddhist monasteries and fierce horse warriors blessed by the eternal Tengri, the sky god in folk shamanism. For centuries, the harsh, cold climate of the plains forced its people to venture to the world beyond in a series of journeys and conquests. And now, blockchain enthusiasts can hear their stories in the form of nonfungible tokens through the Mongol NFT platform. Since its inception in September, the platform has surpassed 100,000 registered users and close to 400 creators in various stages of their projects. In an exclusive interview with Cointelegraph, …

In its debut weekend, the first NFT from Adidas Originals’ "Into the Metaverse" project has generated 11,391 Ether (ETH), worth over $43 million, on OpeanSea. Ranked by trading volume, this collection has earned the second spot on OpeanSea after RTFKT’s Clone X and Takashi Murakami collection. In collaboration with Bored Ape Yacht Club, PUNKS Comic, and gmoney, Adidas Originals co-created one digital asset and put up 30,000 copies of the same item for sale on Dec. 17. Almost 20,000 copies of the Phase 1 NFT have been sold so far. Related: Adidas Originals to launch debut NFT collection According to …

As it currently stands, there is a lot of hype around the metaverse concept. While market excitement exists, fundamental considerations are still being overlooked, namely, the desire for others to be a part of it. Namely, the desire for others to want to be a part of it. This leaves an important question on the table: how can pioneers in this industry excite people enough to want to spend a substantial amount of their time and money in a digital format. Would the metaverse need to be futuristic in context, closer to the real world, composed of online avatars or …

Despite the People’s Bank of China’s (PBOC) warning on metaverse and nonfungible tokens (NFTs) in November, more than a thousand Chinese companies have submitted thousands of metaverse-related trademark applications. In a summit back in November, Gou Wenjun, the PBOC’s AML and Analysis Center Director, warned about the dangers of digital assets. According to Gou, because virtual assets have no physical basis, they can be used for illegal financial activities. Gou cited activities such as “illegal fundraising, pyramid schemes, and fraud.” However, ignoring the PBOC’s warnings, Chinese companies rushed to register metaverse-related trademarks such as “metaverse satellite” and “metaverse exhibition.” According …

For the past three years, NYC.NFT has been the leading annual gathering in the nonfungible token and digital blockchain art world. This year, over 5,500 attendees and 135 sponsors joined debates, talks, workshops and briefings in the namesake event. In an exclusive ask-me-anything session, Cameron Bale, co-founder of NYC.NFT, joined Cointelegraph Markets Pro users to discuss the outlook on the NFT industry. Here's what Bale had to say. Cointelegraph Markets Pro User: You had some amazing speakers in NFT.NYC 2021. Can you tell us a bit aboutwhat insights were shared by some of those heavily influential folks? Cameron Bale: Some …

A new play-to-earn game in the metaverse is vowing to harness the power of Shiba Inu (SHIB) to create an innovative experience like no other. Legends of Bezogia, created by Bezoge Earth, has won support from a number of crypto influencers — including the so-called "Shiba Brothers." Tommy and James had gone viral after their $7,900 investment in SHIB ballooned in value. The memecoin then exploded in value — and according to CNN, the value of their crypto wallet was worth a staggering $9 million at one point. The brothers made headline news — connecting them to an elite network …

Following the announcement that Facebook’s parent company would be rebranding in a shift towards the metaverse, many projects have started similar initiatives entering the virtual space, from buying property to testing the limits of what this universe has to offer. Digital cities: Santa Monica and Seoul The Downtown Santa Monica District west of Los Angeles was one of the first real-world areas to allow users to have access to the metaverse through the FlickPlay app. Branded as a metaverse tool, walking around the district seems to be more of a limited augmented reality experience rather than a virtual one, with …

What is this new metaverse and NFT experience? With all the fuzz around the metaverse and NFTs, a cyberpunk playground is currently just around the corner. Nonfungible tokens (NFTs) are coming up in all shapes and sizes, and the next project under review here offers some interesting positives. This is Cyber Galz which is a gynoid NFT content platform for cyberpunk and sci-fi enthusiasts. The project aims to create a metaverse playground that community members enjoy the pleasure of owning its NFTs and cultivating Galz’ content with social experiences. The so-called Erst generation of Cyber Galz NFTs comprises 9,999 digital …

The 2021 year remains the breakout year for the metaverse. The concept quickly caught on, moving from conversations to project development and public adoption. Yet, it has one shortcoming for all the good it offers, an overemphasis on the gaming aspect. The metaverse is far more than gaming, though. It isn’t a world of entertainment only, and importantly users shouldn’t have to pay for its enjoyment. It’s these pain points that Dontplaywithkitty.io (DPK) seeks to solve. The project sees the metaverse as a world where users can verify private assets. Additionally, it’s creating a digital community with access to a …

Digital ecosystems are taking on a new form in a virtual reality metaverse. As a truly immersive experience, these opportunities give users a fresh take on how people live their lives. In iterations of this concept, some have noted the Mirrorworld, a reality in which experiences will exist in an almost one-to-one map with experiences including how a person works or learns, and projects like NewsCrypto (NWC) offer even more – trading and education-focused metaverse, where users can learn to make better investment decisions. By encompassing all the activities that make up our world today, the metaverse will allow our …