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Metaverse December 4, 2021

Enjin forms elite team for decentralized metaverse

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On Efinity, the group led by Enjin is attempting to establish the “foundation for the decentralized, cross-chain metaverse”.

In Polkadot’s parachain auction, Efinity is one of the first bidders. Promising to build a “cross-chain NFT superhighway” to support Web3.0 development.

Enjin

MetaNews.

Expansion of NFTs

“With NFTs rapidly expanding beyond art and games. We now have the opportunity to connect creators from around the world in an open, decentralized, and collaborative metaverse,” said Witek Radomsky, Enjin’s Chief Technology Officer.

Radomsky stated that their goal is to make NFTs accessible to everyone. Additionally working closely with ecosystem partners will help them achieve that goal.

“The companies will avoid paying excessive gas fees on Ethereum and will not require an in-house blockchain team to gamify their project with NFTs,” Radomski added.

Hololoot and VRJam are two of the assembled participants who will provide augmented reality (AR) and virtual reality (VR) capabilities to support the visual aspects of the decentralized metaverse.

Lost Relics, Age of Rust, Forest Knight, Dvision Network, Uniqly, Pluto Alliance, and SwissBorg have also worked together.

Enjin has set up a $100 million fund to support the growth of decentralized metaverse initiatives.

The metaverse has gotten a lot of attention since Facebook announced its rebranding as Meta. The tech behemoth is attempting to establish a stronghold in the nascent industry.

Metaverse might be worth trillions

According to Matthew Ball, CEO of Epyllion Venture Capital, the metaverse economy could be worth $30 trillion in a decade.

The metaverse economy, according to Nvidia CEO Jensen Huang, could reach $80 trillion in the future, surpassing the real-world economy.

Even in modern times, however, history has favored the smaller and more energetic competitor. As Matthew Ball points out, the internet’s arrival brought with it a slew of new surprises.

“Everyone expected AT&T and AOL to dominate the internet era and Microsoft’s advantages to continue, but none of that happened,” he said.

While the future of the metaverse is unknown, current blockchain metaverse projects are thriving.

In the last 30 days, Decentraland (MANA) has risen 59 percent, Decentral Games (DG) has risen 24 percent, and The Sandbox (SAND) has risen 316 percent.

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

Apaches is an exciting NFT project

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On the Solana Blockchain, the Apaches project is a type of NFT that uses the collective knowledge of the tribes to make predictions about the future of other leading NFT tribe projects. After thousands of years of habitation on the ancestral lands, the company is in need of the accumulated knowledge of their NFT holders in order to assist them in restoring the proper equilibrium to the Solana NFT landscape. They call for their NFT holders for this assistance.

The corporation will award the members of the tribe with $MEZCAL, which is the tribe’s preferred alcoholic beverage, if they are able to properly anticipate the development of the top Solana NFT tribal initiatives

The utility token known as $MEZCAL is the glue that holds all of the tribes together. NFT holders who exhibit exceptional behavior while on tribe premises and who make accurate predictions will be rewarded for their efforts by the head of the tribe. After that, members of the tribe will be allowed to exchange their $MEZCAL for goods and services within Apache territory.

The Apaches initiative has released its first collection, which is titled “Geronimo, the Apache.” It is a collection on Solana that is unique to the NFT and was inspired by his story as well as historical data from many Native American tribes.

Geronimo was the epitome of resistance, leadership, and knowledge all rolled into one. The chief will instill confidence in the NFT holders, allowing them to defend themselves and make use of their group knowledge to make educated guesses about the future of other friendly top Solana NFT enterprises.

“The Apaches platform is the first NFT Web3 platform to use a technique called “Future Contracts” to forecast the floor price of top NFT collections. A portion of the mechanisms that we are now building will be made public.”

Twitter / Discord

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Metaverse

Lords of the Lands introduced NFT presale

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Lords of the Lands (LOL) is a utility-driven metaverse ecosystem that lets NFT holders rent out virtual lands. The pre-sale will include 300 Land NFTs and 255 Lord NFTs.

The event will allow early access to Land and Lord NFT’s genesis mints at a discounted price. Lords of the Lands will offer this special opportunity.

LOL Metaverse is built on unity and Ethereum blockchain and will be available on Web, IOS, Android, and VR Apps. The initiative aims to deliver an engaging and interesting metaverse experience for LOL holders and the community. To become a “Landlord,” holders must have 1 Land NFT and 1 Lord NFT in the same wallet. Additionally, being a Landlord generates monthly Ethereum rentals.

LOL landlords get 25% of creator royalties. The rent will be based on the Land NFT’s rarity and the number of days NFT holders have both in their wallet.

LOL will also organize e-gaming tournaments on its e-gaming partner apps/website for its Landlords, where they may play PubG, GTA V, FreeFire, etc. and win special LOL NFTs like Lords, Lands, Vaults, Swords, weapons, accessories, and up to $10,000. Twice a month, there will be e-gaming tournaments.

LOL is offering 555 NFTs in the first pre-sale collection out of 3000 Land and 2000 Lord NFTs

The Land NFT is a rare, non-fungible digital asset under an Ethereum smart contract. It costs Ethereum. Each 1×1 Land NFT in the LOL Metaverse has a secret Treasure Chest with uncommon LOL NFTs.

Land NFT holders are able to develop, distribute, and monetize unique experiences on LOL Land by making use of premade templates that are specific to their needs.

The Lords are virtual reality-ready avatars with distinct powers, equipment, and accessories. Lord NFT holders will have beta access to the LOL Metaverse and VIP access to LOL concerts and sporting events.

Lords of the Land’s official Premint Page is now accepting whitelist registrations, and the pre-sale date will be announced soon on their Discord server and Twitter channel. Land NFTs will cost 0.2 to 0.8 ETH in the pre-sale, and Lord NFTs will cost 0.15 ETH.

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Metaverse

Nvidia unveils new metaverse developments

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This week at the SIGGRAPH 2022 conference, where Nvidia is announcing its most recent set of software breakthroughs for computer graphics, the intersection of computer graphics, the metaverse, and AI is on full show.

Nvidia made a number of technological announcements at the conference that will further integrate AI and the metaverse. The Nvidia Omniverse Avatar Cloud Engine, a set of tools and services for building virtual assistants driven by AI, is one of the announcements.

The business also disclosed a number of technological initiatives to enhance its computer graphics creation capabilities for applications in the metaverse. The new NeuralVBD library, a development of the OpenVBD open-source library for sparse volume data, is one of the initiatives. In order to help further enable metaverse applications, Nvidia is also working on improving the open-source Universal Scene Description format.

According to Sanja Fidler, VP of AI research at Nvidia, “3D content is very crucial for the Metaverse as we need to put objects in the virtual environment. We think AI is essential for the generation of 3D content, particularly for the metaverse.”

With the idea of neural graphics, computer graphics can be much more than just produced visuals

The goal of neural graphics, according to Fidler, is to integrate AI capabilities into various stages of the graphics pipeline. AI can speed up graphics in a wide range of applications, including video games, digital twins, and the metaverse.

Nvidia unveiled two new software development kits (SDKs) with Kaolin WISP and NeuralVDB at SIGGRAPH 2022 that use the capabilities of neural graphics to create and present animation and 3D objects. An addition to the PyTorch machine learning toolkit called Kaolin WISP enables quick 3D deep learning. According to Fidler, the focus of Kaolin WISP is on neural fields, a branch of neural graphics that focuses on 3D picture representation, and the production of content using neural approaches.

While Kaolin WISP is focused on speed, NeuralVDB is a project created to aid with 3D picture compression.

“We can now express considerably greater resolution of 3D data because NeuralVDB delivers incredibly compact neural representations that drastically lower the memory footprint”, according to Fidler.

For MetaNews.

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