Apple's NFT Update, Epic's Verse, and Reddit's Sales!
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This week, NFTs are looking to end the year on a high! The Reddit fairytale continues, while Apple is set to allow in-app NFTs and Epic Games made a sizable contribution to the metaverse.
Read the full issue to find out
MARKETS

Data indicates that NFT Sales Volume in the past days are up by 24.73% at $152,180,952.06. Most of these transactions come from Ethereum NFTs, which account for about $120 million in sales. However, buyers of NFTs are down about 46% and transactions are down by 35.14%!

Trading volumes in NFTs have decreased 97% since the start of the year,  according to Bloomberg. Also, a Statista and Pitchbook survey revealed that NFT games saw $1.73bn of investments between September 2021 and September 2022, a significant increase from $573 million in the year-ago period. 

The Reddit Collectible Avatars NFT initiative crossed the 5 million mark this week, according to blockchain data from Dune. They’re not highly concentrated amongst whales, either, as the project has more than 4.25 million total unique wallets. About 3.95 million of those wallets hold a single Reddit NFT!

In Other News,
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HEADLINE
Apple to allow third-party app stores

In a move that could benefit NFT and crypto apps, Apple reportedly plans to enable the installation of apps from external sources outside of its own App Store on iPhones and iPads. The changes are being made in response to the European Union’s Digital Markets Act, which requires tech companies to fully comply with restrictions by 2024.

According to Bloomberg, the rollout of support for external apps from third-party sources and marketplaces will initially begin only in Europe to comply with the new law. However, the functionality could be expanded to other territories depending on whether those countries adopt similar regulations.

The reported changes come amid growing pushback to Apple’s closed ecosystem, which not only philosophically clashes with Web3’s decentralized ethos but also has led to restrictions around the ways that apps can utilize NFT assets.

In other headlines,

  • Snoop Dogg, Justin Bieber, The Weeknd Facing Lawsuit for Promoting Bored Ape NFTs. Read More
  • Morningstar Ventures Opens $5M NFT Art Gallery in Dubai. Read More
  • ParaSpace Introduces Cross-Margin Lending Protocol for NFTs and Fungible Tokens. Read More
In Other News,
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FEATURED
Virtua’s Monster Zone Metaverse Land Sale Is Now Open!

Virtua is a games metaverse that provides immersive Web3 gaming and digital collectible experiences through its interactive virtual environments, curated marketplace, and brand partnerships – and we’re now selling land plots and condos in our brand-new metaverse environment, the Monster Zone!

Located on Virtua Island (the latest island to be revealed on Virtua Prime, the first planet in the Virtua metaverse), the Monster Zone is an immersive and terrifying space, where unpredictable surprises lurk in the gloom and darkness. Only the most truly fearless adventurers dare to explore its deepest depths...

Pioneer Land Plots and Condos in the Monster Zone are some of the most prestigious status symbols on Virtua Prime, and come with a range of benefits and perks! More information is available through the Virtua wiki here.

You can also get a 10% discount when minting with $TVK, our native utility token!

MINT NOW

In Other News,
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METAVERSE
Epic Games launches metaverse programming language, Verse

Epic Games is expanding its metaverse campaign into the world of programming. The Unreal Engine developer has launched Verse, a new web3 programming language for the metaverse.

According to a presentation prepared by Epic Games, Verse focuses on five key principles that the company believes will be key to building the metaverse. Like its web2 3D tech platform, Epic has made Verse open-source. The language is focused on enabling the creation of social interactions in a shared real-time 3D environment and supporting an open economy governed by rules and with no corporate overloads.

The open-source product will also be available for all programmers, artists, and designers. Verse also seeks to support interoperable content with live updates of running code, while also leveraging operational standards from multiple game engines including Unity.

In other news,

  • Footwear Brand SWEAR’s Takes First Steps into the Metaverse. Read More
  • Infinite Reality to Go Public. Read More
  • Shaquille O’Neal to Host Virtual Reality New Year’s Eve Party on Meta Platforms. Read More
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GAMING
DOGAMÍ raises $14M in seed funding

Dogamí, an augmented reality mobile game involving NFT pets, has raised $14M in seed funding!

Founded in mid-2021, DOGAMÍ has launched a mobile application that allows users to play, feed, pet, and walk with their virtual NFT dogs and be rewarded with the native $DOGA cryptocurrency. DOGA House is exclusively available to owners of a Dogamí NFT for both iOS and Android.

The company intends to use the funds to expand its range of Web3 games and applications for mainstream audiences. In the coming months, DOGAMÍ plans to introduce new features and improvements, including personalization of Dogamí avatars with branded accessories, development of the game environment, new animations and interactions, augmented reality, mini-games, and competitions between Dogamers.

In other news,

  • Ripple views gaming NFTs as promising. Read More
  • Splinterlands Announced Monumental Land NFTs Release. Read More
In Other News,
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