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Metaverse May 15, 2022

Avalanche steps in the metaverse

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Avalanche just announced that it is diving into metaverse development through a $290 million incentive program. The announcement reveals how Avalanche intends to venture into its next growth phase not just to stay competitive but also to thrive as a network.

Avalanche earned a stop in the list of top blockchain networks that achieved robust growth in the last two years. Its latest announcement about its venture into the multiverse highlights its plan to maintain its robust growth trajectory. The blockchain network recently announced an inventive program through which it will spend as much as $290 million to develop the Avalanche Multiverse.

The announcement revealed that subnets will be an essential focus area as part of its plan to create scalable blockchains that target app development. The subnets will reportedly make it easy and efficient for on-chain migration of institutions while also helping them to tap into DeFi protocol.

“Avalanche Subnets enable us to create an ideal environment for institutions to migrate on-chain and experience the power of DeFi protocols first-hand as users rather than just as investors,” stated Aave CEO Stani Kulechov.

The company plans to integrate KYC infrastructure into its subnets. This will be an important step towards enabling and encouraging institutional adoption. The latter has been touted as the biggest growth catalyst in the crypto space and the announcement showcases the steps that Avalanche is taking to be the preferred network.

The announcement noted that there would be incentives worth $15 million for AVAX

AVAX has been heavily affected by the latest bearish market conditions. It traded at $52.19 after tanking by 7.08% in the last 24 hours and 10.39% in the last 7 days (at the time of this press). It is down by 49% from its April top.

AVAX is currently hovering above the oversold zone but its RSI and it might be due for some upside. Its RSI currently registers a higher low compared to the lower low price pattern. It is also showing signs of trend bearish trend weakness according to the MFI.

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Michelle D. Madsen graduated from the University of Westminster and has been deeply involved in the world of finance ever since. She has worked as a Broadcast Journalist hosting various news shows and informative webcasts about the financial markets. Since 2004 she has also been writing for MetaNews daily, her attention to detail, and her in-depth knowledge of the financial markets have led her to cover Foreign Exchange and commodities. The world of finance has changed in the last few years with the introduction and rising popularity of cryptocurrencies and the Metaverse. She has in no means been left behind, adding this to her bank of intellect and is now also an expert in cryptocurrencies. For the last ten years, Ms. Madsen has been engaged in the financial market. She has notedly written a great number of incredibly informative reviews for the crypto, NFT and the Metaverse. Her wealth of knowledge has enabled her to become a leading expert in the field. She continues to inform the public writing up-to-date, thorough reviews for the readers of MetaNews as she has for the last decade.

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Metaverse

Lowe’s increases its metaverse offerings

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Lowe‘s wants to help builders visualize projects with it; Lowe’s metaverse assets, including free downloads of 500 product assets like chairs, are available on its own hub.

Lowe’s EVP and CMO Marisa Thalberg told media, “It’s all developing and up for exploration.” The shop chose “neutral and democratized” metaverse platforms, she said. She continued, “Our goal is to let individuals utilize their imaginations to make their virtual spaces as fascinating, inspiring, and entertaining as their real world spaces.” And that’s all we want.”

Metaverse members have paid thousands for non-fungible tokens to outfit aviators from Gucci, Balenciaga, Dolce & Gabbana, and Ralph Lauren. Gucci’s Roblox garden had 19 million visits. Dolce & Gabbana sold “The Glass Suit” NFT for $1 million.

Lowe’s will provide the first 1,000 Decentraland participants a limited NFT collection of boots, hardhats, and other accoutrements

Seemantini Godbole, Lowe’s EVP and CIO, said CNBC the retailer is bringing many of the concepts it applies for shoppers to the metaverse initiative.

“While shopping and becoming inspired, individuals want to put things together in the virtual world before starting their project,” she said. “Metaverse is the same. You want them to experience, feel, and comprehend before starting the real project.”

Godbole said many metaverse assets were built as 3D digital copies of tangible objects to assist online customers visualize real-life dimensions and characteristics. Lowe’s uses virtual and augmented reality to let shoppers design a kitchen online or map their home’s floor plan using a smartphone. “Our customers want to use VR and AR” said Godbole. “We’re applying some metaverse lessons”

Lowe’s doesn’t offer a physical good with a virtual one or a connection to its website from metaverse platforms, Godbole added. This may change.

“In the future, we could think about how all these things link and make sure metaverse users can shop these items on Lowe’s.com or in our stores,” she said.

Thalberg said the average metaverse player is “very young,” younger than the average Lowe’s customer or homeowner.

“Kids who use Minecraft and Roblox build and design a lot, which is intriguing. This idea of being able to construct, decorate, design, and develop is key, she said. We see a tremendous wave of millennial new homeowners who aren’t afraid of technology, so catching them young is wonderful.

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Ambush 3D releases new metaverse wearable

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The shoe brand AMBUSH is introducing a new project that will be fairly unprecedented in the world of fashion. The project will involve the creation of a pair of 3D-printed shoes that can be worn in the metaverse as well as in regular life. The sneaker, which goes by the name 100S, was produced in collaboration with Zellerfeld, a shoe maker. Zellerfeld was also responsible for producing the totally 3D printed HERON01 sneaker, which was displayed a few months ago.

The footwear was designed with the intention of promoting a circular economy through the use of recycled materials

In addition to its physical counterpart, the model is also offered as a digital counterpart known as an NFT. This NFT can be unlocked and worn within the AMBUSH SILVER FCTRY metaverse.

Since it has been a few months, the idea of the metaverse has been used more and more, and many concepts have been formed around this virtual world, which is still somewhat abstract for many people. Mark Zuckerberg, the founder of Facebook, offers this definition of the term: “In the metaverse, you will be able to do almost anything you can imagine. You can get together with friends and family, work, learn, play, shop, and create. There will also be completely new experiences that don’t really fit how we think about computers or phones today.” It would appear that this is now supposed to also involve the wearing of shoes that have been manufactured using 3D printing technology.

AMBUSH is a brand that has established itself as a new stayholder in the world of fashion. It was established by the American-Korean designer Yoon Ahn. A point of reference that provides even more forward-thinking items by making use of 3D technologies. Concerning the 100S, it is challenging to determine with absolute certainty which procedure was utilized.

The bright color and attention-grabbing design of the sneaker ensure that it will not be overlooked, that much is certain.

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SeaCrypt is an incoming NFT collection

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SeaCrypt is an important milestone in the history of NFT projects because it was the first one to feature a decentralized lifeform. In a world without a central authority, every fish has complete freedom to swim and move about.

Both NFTs and metaverses will be around for the foreseeable future. SeaCrypt NFTs are not intended to be confined to a single metaverse; rather, the goal is for them to be easily translated to and incorporated into various metaverses.

“In this planet, not a single creature is made with the same characteristics as the others. Because of natural selection and the passage of millions of years, the only organisms that have survived to the present day are the healthiest and most attractive ones.”

“We at SeaCrypt think that our community is deserving of NFT and metaverse pets with similar levels of complexity in their evolutionary paths. This belief resulted in the creation of the very first NFT pets and metaverse pets, each of which has a genetic representation that is comparable to 102500 individual works of art. In comparison, there are only 1044 molecules spread throughout the atmosphere of our planet.”

According to the company’s founders, consumers are able to form an emotional connection with the fishes through interactions with the fishes

In the near future, users will have the option of decorating their SeaCrypt aquariums with SeaCrypt’s existing décor or designer assets sourced from the designer community.

“You are the master artist behind the NFT artwork that you created. If you give your memories to your NFT fish in the form of a birthmark, it will be able to take on your memories’ specific characteristics, such as its shape, pattern, color, and soul.”

During the process of hatching or breeding fish, a birthmark will also be “carved” onto the iris of the fish genetically, in addition to the characteristics that the fish already possesses. This technique cannot be undone and has lasting effects. As a consequence of this, SeaCrypt fishes serve as the most effective emotional links between users and the most cherished memories of those people.

In the following phases of SeaCrypt’s development, gaming will be the primary focus. The SeaCrypt fishes are superior to the NFT varieties. As long as users own SeaCrypt fishes, they will be eligible to take part in a variety of on-chain games that will be available.

Twitter: twitter.com/SeaCrypt

Discord: discord.com/invite/SeaCrypt

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