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Deciphering the Metaverse #2: Virtual World Frenzy, the Evolution of Blockchain Gaming, and In-Game Economies

November 26, 2021, 7:05PM EST • 16 min read Quick Take This weekly series explores the most interesting insights in NFTs, blockchain gaming, and virtual worlds The metaverse frenzy, which Facebook helped unleash, started to spill over to virtual world projects Investigating the current trends in blockchain gaming unearthed different types of games, which range from rudimentary experiments to premium AAA productions Join The Block Research for exclusive research like this Gain access to this research piece and 100s of …

Crypto data firm DappRadar set to launch its own token

DappRadar, a crypto startup that provides data to analyze decentralized applications (dapps), is set to launch its own native token called radar. Announcing the news on Thursday, Lithuania-based DappRadar said the token will help it decentralize its business in the future. The firm also announced that it is repositioning to a full-scale dapp store, similar to a centralized app store but for dapps.  Founded in 2018 by Skirmantas Januškas, DappRadar provides data for dapps such as transaction activity, token volume, …

Play-to-Earn gaming guilds

November 26, 2021, 9:58AM EST • 17 min read Quick Take The play-to-earn (P2E) model reshapes the gaming industry by transforming the conventional one-way interaction between players and the game into a two-way relationship. The proliferation of P2E guilds is paving the way for the eSports industry’s future landscape. Also known as GameFi DAO, they increasingly serve as entry points for players to the metaverse, including the DeFi industry. As P2E games and guilds grow, we will see a greater …

Axie Infinity virtual land plot sells for a record $2.4 million

advertisement A virtual land plot in the Axie Infinity NFT game sold for a record price of 550 ether (about $2.4 million) on Wednesday. The plot is part of the “Genesis” land type, which Axie Infinity describes as “extremely rare.” Genesis land is located in the center of the Axie Infinity map and is capped at 220 plots. The seller of the plot goes by “ArcaChemist,” and the buyer goes by “Lunacian #789512.” There are different types of land in …

Adidas Originals announces partnership with Coinbase

advertisement Adidas Originals, a brand of the German sportswear clothing firm Adidas, has announced a partnership with the crypto exchange Coinbase. “We partnered with @Coinbase. Probably nothing,” Adidas Originals wrote in a Wednesday tweet.  Coinbase affirmed the partnership with “gm @adidasoriginals. Welcome to the party, partner!” Adidas Originals did not respond to a request for more information about the partnership. However, the brand showed interest in the metaverse in a tweet two days prior to the partnership announcement, suggesting, “adiVerse, …

MoonPay quietly set up a concierge service to help celebrities buy NFTs

Crypto payments firm MoonPay has quietly launched a new ‘concierge service’ to help celebrities and the super-rich purchase non-fungible tokens (NFTs) and cryptocurrency.   The company has been working with television host Jimmy Fallon and Post Malone, the rapper, as clients for a beta version of the service.  Both men have recently touted items they’ve acquired from the Bored Ape Yacht Club collection, which currently cost a minimum of 43.9 ether (or $186,000) a piece.  Fallon tweeted a picture of Bored …

‘NFT’ named top word of the year by the dictionary publisher Collins

advertisement Collins, a dictionary publisher founded in 1824 recording over 4.5 billion words, named “NFT,” or ‘non-fungible token,’ as the top word of the for 2021.   “It’s certainly a buzzword we’ve heard over and over again in the past 12 months, in breathless news reports and on social media,” the publisher wrote in a Wednesday blog post, describing it as the intersection between internet and money.  As The Block’s data shows, interest in NFTs exploded in 2021. NFT transaction volume …

ORIGYN secures $20M for NFT-based authentication certificates

advertisement ORIGYN Foundation, a Switzerland-based non-profit organization, has completed a $20 million strategic raise from backers like Bill Ackman’s Table Management, Polychain Capital, and American singer and media personality Paris Hilton. Other investors include GD10 Ventures, Vectr Ventures, Jaeson Ma, Div Turakhia, Carter Reum, and Coinko, among others.  According to the Tuesday announcement, the $20 million capital raise puts the foundation at a $300 million valuation. ORIGYN uses non-fungible tokens (NFTs) as digital certificates to identify and authenticate luxury physical …