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First Ever EntertainFi metaverse UVP Launched Amidst a Crypto Bear Market – Benzinga

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SINGAPORE, Oct. 05, 2022 (GLOBE NEWSWIRE) — An NFT project with great growth potential, UniVerse Platform or UVP, has quietly entered the NFT circuit. UniVerse Platform (UVP) happens to be the first EntertainFi metaverse. The developers created the NFT to empower a variety of entertainment content, including games, animations, movies, VR, etc., thereby facilitating gamers with E2E (Entertain to Earn) via unique token models and designs.
Relying on a unique United Innovation Engine, 3D animation whole-process system, and DAO mechanism, UVP helps users to jointly build a sustainable Web 3.0 metaverse world. UVP is a multi-faceted entertainment platform based on the well-known Asian animation IP Tulpa Mancer. NFT is a hybrid NFT of PFP and Utility, which is based on the IP animation characters. As Tulpa Mancer is a well-known animation IP popular in Asia, the developers wanted to introduce its character CG and action models to make it more attractive.
"The NFT market started falling off a cliff since May 2022, thereby opening up a bear market. In the second half of May, there used to be a wave of crappy, ugly and grotesque NFT projects, which are unbranded without roadmap, utility, or even Creative Commons 0. At present, many GameFi products overemphasize the economic attribute but ignore the recreational attribute. As a result, the projects can attract many speculators instead of game users in the early stage. Once the short-term return declines, they'll quit. Consequently, the liquidity of the products will drop rapidly, which will result in death spiral until collapse. The CG of many GameFi products is roughly produced, with predictable relationships between characters and weak storylines. There is still a remarkable gap between them and the mainstream web 2.0 games. It is difficult to attract incremental users to the industry", said one of the key developers from the UVP team.
"Our team has years of experience in animation, film and game development, and excels in ongoing development and long-lasting operation. Most importantly, UVP's Tulpa Mancer has a strong storyline, and the anime has tens of millions of Asian fans. What makes UVP stand out is that UVP comes with web2 traffic, which means UVP's NFT will have a strong potential mobility", added the developer.
According to the developer, UVP supports a powerful IP ecology. The EntertainFi meta-universe ecology that UVP will create is not limited to NFT, games and animation, and compared to other NFTs, UVP has higher credibility and success rate, the developer maintained.

"UVP team has been authorized to adapt Tulpa Mancer and release NFT. UVP has opened a new door for the NFT market and injected new hope into the bear market. We will also follow UVP official news and look forward to the official release of its NFT and the ecological construction", he stated.
UVP team us backed by people who bring to the table a wealth of diverse experiences. Not only comic creation experience, but they also have backgrounds in blockchain technology, animation, film and TV and sustainable operation.
In addition to games, UVP has also launched massive videos and related games based on animation IP, which have enriched the ecology of recreation, improved the playability, and created an unlimited space for appreciation of platform's NFTs. UVP will break the top-down voting mode, with a transition to the bottom-up collaboration mode, truly realize user autonomy of DAO-featured communities to let users jointly decide the construction, reward and punishment.
In future, UVP will make the UIE system code open-source to provide whole-process technical support for users to create their own IPs. Incentivized by the DAO mechanism and the unique dual-token economic system of "platform token and IP token", more and more users will create their own IPs and become IP owners, and they can continuously increase earnings from diverse IP-based entertainment content, the developer stated. Ultimately, UVP will work with users to create a Web3 metaverse of universal creation and entertainment.
About Us
Built up in Ethereum, UniVerse Platform is the first originally created EntertainFi Metaverse worldwide.
Twitter:https://twitter.com/universe_ive
Discord:https://discord.gg/rA2gb3dJPJ
Telegram:https://t.me/UniVerse_ive
Official website:www.ive.games
Contact:
Bianca Cham
+44 0773032593
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Elrond transforms into MultiversX and launches Metaverse products – Oryen sets primary focus on Passive Income – Business 2 Community

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Elrond transforms into MultiversX and launches Metaverse products – Oryen sets primary focus on Passive Income  Business 2 Community
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The Metaverse and Crypto – The Motley Fool

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Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.
The metaverse, cryptocurrency, Web3. Besides all three of these things being hot technology buzzwords, what do they have in common? For many tech developers and investors, the metaverse and crypto are intertwined and will become part of Web3 — a decentralized internet controlled by individual users rather than by big companies.
Although the metaverse (basically three-dimensional immersive virtual worlds) and cryptocurrency (Bitcoin (CRYPTO:BTC) being the first of thousands of cryptos) are two very different things, they could come to heavily rely on each other as they develop.
Let's start with a fundamental piece of technology that lies at the heart of both cryptocurrency and the metaverse: blockchain. Originally designed by Bitcoin creator Satoshi Nakamoto and now used by other big cryptos such as Ethereum (CRYPTO:ETH), blockchain is a public digital ledger that records transaction data. Transactions utilizing a blockchain network can be peer-to-peer and remove intermediaries (such as a bank or tech company) from user interactions. This can reduce cost and speed up the time for transactions to take place, among other things.
Commerce on the internet is still taking place using a digital version of traditional fiat currencies. Blockchain and currencies based on it were developed as a digital-native means of transacting business in a digital world. Metaverses with their 3D virtual worlds and immersive services are also seen by some as utilizing blockchain technology as a way to create permission-less interactions between internet users.
There are lots of 3D immersive worlds in existence today, such as video games where players can interact with each other in real time. By some definitions, though, these 3D worlds don't truly become part of the metaverse until they have a fully fledged digital economy.
Many of these games and services allow users to purchase digital items. For avid video gamers, this is a common practice. Outfits and accessories can be purchased to customize your in-game look or improve player performance. Cloud computing-based services utilize a similar concept, enabling a free-to-use or cheap starter package but locking premium or add-on features behind a paywall.
Sound a little pointless and far-fetched? This concept of metaverse shopping could have real-world applications, too. Shoppers could try on a virtual version of clothes in the metaverse before making a purchase. Nvidia (NASDAQ:NVDA) CEO Jensen Huang talks a lot about "digital twins" of physical world locations, which has tremendous potential for businesses when designing and constructing property or planning for manufacturing projects. The same could be said for individuals who could preview a home remodel or sample a product, such as furniture, in a digital recreation of their home. 
With the potential for e-commerce and social interaction, this is where cryptocurrencies and applications built on a blockchain enter. Direct peer-to-peer interactions on the web hold the promise of instantaneous settlement of funds and near-zero fees. Item ownership can be guaranteed using an NFT (non-fungible token), which could take the form of a piece of art, a digital collectible item, or a digital version of a real-world purchase, such as a pair of Nike (NYSE:NKE) sneakers you could also wear in the metaverse.
For now, though, the metaverse is largely the realm of the video game industry and other imaginative start-ups. It's worth noting that turmoil in the crypto space during the first half of 2022 has also cast a shadow on the metaverse and its viability as a fully fledged digital economy. Nevertheless, here are four early-stage projects to watch that are bridging the gap between cryptocurrencies and the metaverse.
The Sandbox (CRYPTO:SAND) is a user-created digital world in which users can create and sell digital content within the game. SAND is the in-game token that acts as a currency and is built atop the Ethereum blockchain network. These tokens can be bought and sold on a number of cryptocurrency exchanges. SAND can be used to purchase virtual land, buildings, accessories, and other items as NFTs.
Decentraland (CRYPTO:MANA) is another Ethereum network-based metaverse experience. Participants can use the native token MANA to purchase virtual land and develop it for games and other experiences, as well as for avatars and digital accessories. Decentraland is controlled by the Decentraland DAO (decentralized autonomous organization). Owners of MANA or virtual property in Decentraland can participate in the DAO and vote on initiatives and new development.
Think of Axie Infinity (CRYPTO:AXS) as an Ethereum blockchain-based version of Nintendo's (OTC:NTDOY) Pokémon franchise. Players train fantasy monsters called Axies and compete against other teams. Axie Infinity is a "play-to-earn" game, meaning participating can earn the player AXS tokens. The tokens can be spent on new Axies (which trade as NFTs), training existing Axies to improve their traits, and the upcoming launch of virtual land within the Axie Infinity universe. The most expensive Axie ever was bought for the equivalent of $820,000 of Ethereum (at the then-market price).
Crypto Baristas is an NFT project that aims to bridge the gap between the physical and virtual worlds. Owners of a Crypto Barista NFT character get access to a metaverse where other coffee enthusiasts can meet. But this is more than just a place to grab a virtual coffee. The project is also being used to fund an actual café in New York City called Coffee Bros., which will partner with coffee farmers around the world (the first being an established farmer in Honduras). At this point, this is a very new project that has only just recently released a white paper on how its tokens will work, but it's an example of how metaverses can also have real-world applications.  
This digital, 3D world can present real opportunity for investors.
Digital real estate is the technical term used to describe virtual property.
You can't live on virtual land, you can't farm it, and you can't mine it — but you might make a profit from it.
Read our expert Q&A about what you should know before investing in crypto.
Prices of some native tokens used in a metaverse have skyrocketed in recent years, attracting plenty of investor attention. However, bear in mind that investing in cryptocurrencies and tokens built on a blockchain network is highly speculative — and not just because they're new technologies.
Crypto coins and tokens used in the metaverse aren't businesses that generate revenue and profits. Instead, they're a type of digital currency that can be used to make purchases or participate in a metaverse. Therefore, their values are highly subjective and prone to wild swings in price. Individual stocks of businesses are very volatile, too, but investors can make assessments on their value with revenue and profit metrics — metrics that crypto investors do not have. This problem has led to some of the extreme volatility in the wider crypto universe in 2022. 
Nevertheless, early versions of the metaverse hold a lot of promise, especially for those interested in participating in them. Ownership of some cryptos grants the holder a voice in a DAO or other virtual project, and artists and other digital creators can have a new outlet for their business.
Tread lightly when it comes to investing in this space as it's moving fast and still under development. But the intersection between cryptocurrencies and the metaverse is worth keeping an eye on in the years ahead.
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SHIB May Have Reached Bottom, Ripple CBDC Hackathon Concluded, SHIB Metaverse Reveals New Concept Art: Crypto News Digest by U.Today – U.Today

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Take a look at what’s happening in the world of crypto by reading U.Today’s top four news stories.
Following the FTX crypto exchange collapse, Shiba Inu dropped to levels last seen in early summer of this year. However, this time, the SHIB price suffered slightly less: after another round of crypto market capitulation, the token did not go below the zone around $0.000009, which may signal that SHIB has once again reached the bottom. There are two factors that may trigger the rise of the meme coin’s price. The first one is Shibarium, the ecosystem’s own Layer 2 protocol, which should greatly increase SHIB’s utility and lead to increased demand, trading volumes and SHIB burning rate. The second factor is the overall crypto market environment. After the FTX crash, investor confidence may take a long time to return and even longer for tokens like SHIB, which are not at the forefront.
According to Ripple’s official announcement, CBDC Innovate, the hackathon the fintech giant organized to reaffirm its commitment to strengthening its positions in the stablecoins segment, has come to an end. Experts shared the names of the winners in three nominations: interoperability, financial inclusion and retail apps. For every nomination, a $150,000 prize was allocated. The winners of the interoperability nomination are payment application PeerPay and peer-to-peer loans machine P2P-CBDC. Checksum and conFIEL B2B platforms became the leaders of the financial inclusion track. Last, but not least, SpendTheBits and Community Loans received enterprise and individual prizes in the retail apps category. As covered by U.Today, Ripple’s competition for projects that use XRPL-based CBDCs started in July-August 2022.
Only 24 hours after revealing the concept art for its scenic dunes, the SHIB Metaverse team unveiled yet another one. This time, it is the tech trench hub that was made in ancient times and yet has evolved into a hyper-technological avenue. While working on this concept art, the team took inspiration from the architectural designs of leading universities and tech schools from around the world, such as Yale University (U.S.), Otemon Gakuin University (Japan), Rolex Learning Center (Switzerland) and many more. To get the necessary feedback from the Shiba Inu community, today the team will conduct the Tech Trench Fireside Chat at 8:00 p.m. EST/5:00 p.m. PST on the official Shibtoken Discord.

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The XRP community could recently see an anomaly in trading volumes, as they exceeded the current market capitalization of cryptocurrencies by 33%. With the combined value of all XRPs at $18.56 billion, in the last seven days, trading volume turned out to be $25 billion. Stablecoins USDT and BUSD are demonstrating similar figures. The abnormal pattern of XRP trading volumes is most likely due to the token being actively used by Ripple in its ODL activities, roughly speaking as fuel for the technology. According to recent reports, the company has seen an increase in ODL usage, both because the business of old partners is growing and because new ones are joining.

Valeria is the community manager at U.Today. She is a crypto enthusiast and believes that cryptocurrency is the future of finance. Currently, Valeria covers the latest news in the world of crypto and blockchain.
 
Disclaimer: Any financial and market information given on U.Today is written for informational purpose only. Conduct your own research by contacting financial experts before making any investment decisions.

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