Square Enix Ventures into the World of NFTs
In an exciting twist for gamers and collectors alike, Square Enix has announced a partnership with NFT platform Enjin to launch a collection of digital collectibles themed around the beloved video game Final Fantasy VII. This venture is not just a digital affair – each collectible will have a physical counterpart available for purchase at the Square Enix store. Players eager to collect these gems must redeem codes found on the physical items through the Efinity network, making for a truly immersive collecting experience. Mark your calendars, as these digital treasures will become available in 2023!
Open Metaverse Alliance: A New Frontier for Web3
The digital landscape is evolving, and with it comes the launch of the Open Metaverse Alliance for Web3. This coalition is made up of notable blockchain powerhouses such as Animoca Brands and Dapper Labs, aiming to establish a decentralized autonomous organization (DAO). The goal? To promote transparency and set standards in the realms of NFTs and cross-world interoperability. Imagine a world where digital assets seamlessly connect across multiple platforms – this alliance hopes to make that dream a reality.
NFT Sales: Funding Art Restoration in Ukraine
Amid the turmoil in Ukraine, there’s a glimmer of hope using the arts. The Ukrainian government is looking towards NFT sales as a means to fund the restoration of its cultural heritage damaged in the conflict. The Meta History Museum of War has already generated approximately $1.3 million from NFT sales, with plans to use the proceeds to bring back to life the art that has been lost. As Oleksandr Borniakov from Ukraine’s Ministry of Culture puts it, while NFTs won’t cease hostilities, they present a chance for Ukraine to embrace innovation and rebuild its economy.
GameStop’s NFT Controversy: The Power of the People
In an episode that underscores the influence of community voices, the NFT titled Falling Man was pulled from the GameStop marketplace following significant backlash. This controversial piece, which depicted an individual resembling a famous falling figure from the 9/11 tragedy, faced rapid rejection from the community. In a decisive move, GameStop not only removed the NFT but also banned the artist from further minting activities. This incident highlights how community standards can shift the tides in the NFT marketplace.
Nifty News Roundup: A Expensive Mistake
In this week’s edition of Nifty News, we see that humor can sometimes have a hefty price tag. A Bored Ape Yacht Club (BAYC) holder known as Franklinisbored attempted to poke fun at the EnsBidsBot on Twitter, only to find themselves on the wrong end of a 100 ETH loss. By placing an unintentional bid on their own Ethereum Name Service domain and failing to remove it before accepting another bid, they learned a valuable lesson about the importance of attention – especially when it comes to NFTs!
Thanks for tuning into our weekly roundup of the most notable developments in the NFT universe. Join us next Wednesday for more insights into this ever-changing landscape!
