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Metaverse April 29, 2022

Nike’s booming latest NFT release

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Nike’s first collection of shoes for the metaverse is fetching astronomical sums.

The collection is being auctioned off as NFT

On the online marketplace OpenSea, the CryptoKicks collection is being auctioned off as non-fungible tokens (NFT). Customers are paying between $4,000 to $9,500 for the shoes in cryptocurrency, but some pairs have sold for far over six figures. According to OpenSea, around 9,000 Nike Dunk Genesis NFTs have been sold.

On StockX on Thursday, a pair of Nike Supreme Stars Mean Green SB Dunk Lows was selling for around $1,000. According to CBSSports.com, a pair of Nikes worn by Michael Jordan during his rookie season in 1984 sold at auction for $1.47 million in October.

NFTs are virtual things that leverage blockchain technology and smart contracts to ensure that each item is one-of-a-kind and immutable. Instead, the shoes will be worn by an avatar walking through a virtual world like Decentraland.

Customers can choose the color of the iconic Swoosh, heel, straps, and tongue of CryptoKicks by purchasing a “skin vial.” Following Nike’s acquisition of RTFKT in December, the sneakers were designed by NFT design studio RTFKT. Nike and RTFKT are hopeful that the shoes will help them get a piece of the metaverse-related sales boom that is expected in the coming years.

According to Strategy Analytics, the global market for metaverse transactions is estimated to reach $6.1 billion this year and approximately $42 billion by 2026.

Last year, RTFKT made headlines when it sold out of a range of actual sneakers combined with NFTs.

RTFKT, which is set to arrive in 2020, made headlines last year when it sold out of a line of actual sneakers combined with NFTs in seven minutes, netting $3.1 million.

Nike did not respond to a request for comment on the sale of CryptoKicks. CEO John Donahoe mentioned “the positive momentum and excitement we’re already witnessing in the space” in a recent earnings call. Last November, the business introduced Nikeland, an online game zone on Roblox where fans can create an avatar and play sports in a virtual setting.

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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

NeoEden’s Realm is an emerging NFT project

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NeoEden’s Realm is made up of a collection of 5005 one-of-a-kind pieces of digital art that are referred to as “Neo-Cardz.” These Neo-Cardz depict the noble inhabitants of the realm. Each one is generated from millions of different possible combinations, has the design of a traditional deck of playing cards, and depicts a different king or queen who resides in the Realm. These kings and queens each have their own distinct personality and are exceedingly rare.

The fantastical setting that served as the inspiration for NeoEden’s Realm was given a contemporary crypto spin so that it may become a reality

The “Crypto OG” philosophers who established the Realm had the idea for Neo Eden, which involved community-based NFTs being combined with creative blockchain solutions.

“Our objective is to establish ourselves as the community standard for bridging the gap between non-linear time travel technology and the world we live in.”

Each Neocard will be minted at a cost of 0.0777 Ethereum, with a limit of four cards per wallet at any given time. Neocard owners have complete ownership of their assets and are allowed to use them anyway they like under a license that does not give them exclusive rights. Each member of the team will be awarded with 4 Neocardz of arbitrary value and 5% of any future $ROSES that are burned.

The owners of each Neocard will be able to claim five gorgeous $Roses each and every day for the next five years. This will usher in a new era of “Rosenomics” for the Realm, which will serve a variety of purposes for the many ecosystem utilities. Owners are entitled to a one-time payout of one hundred dollars in roses for each Neocard that they mint.

The direction that Neo-Eden will take in the future will be heavily influenced by the proposals that it has for its “DAO.” The company that manages Neo-Eden will implement voting features, and the more one is involved with the project and holds a variety of assets within the ecosystem, the more voting power they will have.

“We want our community to govern on key decisions with the direction of the project by voting openly on its ideas,” “We want our community to govern on prime decisions with the direction of the project.”

Twitter: twitter.com/NeoEdensRealm

Discord: discord.com/invite/qjRJWdDAnw

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WimbleWorld is a new metaverse for tennis fans

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Wimbledon’s sponsors and partners can now reach under-18s in the metaverse. As the tournament begins, so does WimbleWorld in Roblox. It allows spectators to play on a virtual Centre Court, a tribute to the famous stadium’s 100th year on Church Road.

Fans can also receive incentives for the virtual Wimbledon store. Roblox users can opt to have their avatars wear pieces from the Wimbledon Ralph Lauren 2022 collection. Roblox and AMC fans can get Andy Murray’s 2022 AMC cap for their avatars. WimbleWorld features Andy Murray.

James Kay, Roblox’s senior director of international communications, says the tennis event may reach a new audience through Roblox’s gamified experience. “Center Court at Wimbledon is 100 years old. You’re talking about something that’s had supporters for generations. We’re thinking about how to engage the next generation of fans beyond watching matches”, says Kay.

Wimbledon will also activate The Gang’s Strongman Simulator, a popular Roblox game

As WimbleWorld starts on Roblox, the key Wimbledon social channels will promote it to maximize crossover. In addition to WimbleWorld on Roblox, fans may enjoy other ‘Wimbledon at Home’ activities and experiences, whether they are attending the tournament in person, from a distance, or interactively through Roblox.

Kay believes the execution is meant to promote Wimbledon to a new generation of fans, but it also has other KPIs. “There might be a monetization aspect, or they may realize we have a great fan base in this generation and want to engage them. It depends on the brand’s type, location, and goal.”

In the case of Wimbledon, they want to ensure that the next generation is hooked on tennis like prior generations were and that the tournament’s tradition continues. Alexandra Willis, All England Club communications and marketing director, states, “Our objective is to ensure that tomorrow’s fans love Wimbledon as much as today’s.”

WimbleWorld on Roblox allows fans to participate virtually on Centre Court. Thank you to Roblox, The Gang, and Andy Murray and Ralph Lauren for being a part of WimbleWorld in its inaugural year.

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Siemens boosts metaverse for the industry

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Siemens, a leader in industrial automation and software, infrastructure, building technology, and transportation, and NVIDIA, a pioneer in accelerated graphics and AI, expanded their relationship to allow the industrial metaverse and promote use of AI-driven digital twin technologies.

Siemens Xcelerator, an open digital business platform, will be connected to NVIDIA OmniverseTM, a 3D design and collaboration platform. With Siemens’ physics-based digital models and NVIDIA’s real-time AI, enterprises can make faster, more confident decisions.

Omniverse’s inclusion to Siemens Xcelerator will speed the adoption of digital twins to optimize production and product lifecycles. Companies of all sizes will be able to use digital twins with real-time performance data, create novel industrial IoT solutions, utilize actionable insights from edge or cloud analytics, and overcome engineering issues by making visually rich, immersive simulations more accessible.

“Photorealistic, physics-based digital twins implanted in the industrial metaverse can alter our economies and industries by offering a virtual world where people can engage and collaborate to solve real-world challenges. Through this alliance, we’ll provide the industrial metaverse to all enterprises” stated Siemens CEO Roland Busch. “Our digital twin technology has helped customers across many industries enhance productivity for over a decade. We offer the industry’s most comprehensive digital twin. When Siemens Xcelerator is connected to Omniverse, we’ll offer a real-time, immersive metaverse that connects hardware and software from the edge to the cloud using Siemens’ software and solutions.”

This alliance combines technology and ecosystems to create the industrial metaverse

Siemens straddles the physical and digital worlds, IT and OT. Moreover, Siemens Xcelerator integrates mechanical, electrical, and software domains across product and production processes, enabling IT and OT convergence.

AI-enabled, realistically simulated, industrial-scale virtual-world engine NVIDIA Omniverse enables live digital twins. NVIDIA AI is the world’s most popular AI platform, powering Omniverse in the cloud and autonomous systems at the edge. NVIDIA Omniverse and AI constitute Siemens Xcelerator’s digital twin.

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