Nike's Swoosh, Royal Family's Metaverse, Ronaldo's NFTs, Playstation
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NFT degens remain diamond hands, even in the midst of crisis. Thankfully, this has proven to be true in the post-FTX market! This week, we have huge brands such as the Duke & Duchess of Essex, Cristiano Ronaldo, and Nike showing how bullish they are on this space!
Read the full issue to find out
Markets

In the face of the FTX contagion, this week’s NFT sales across the board are down 24% from last week’s NFT sales. $114.81 million in NFTs were sold this week, with the Bored Ape Yacht Club (BAYC) collection commanding the number one position in terms of the most sales.

Out of 88 total transactions, $6,443,320 in BAYC sales were recorded during the past seven days, according to cryptoslam. Cryptopunks held this past week’s third position in terms of sales with $1,057,812 in sales across 12 total transactions. Both blue-chip NFT collections represented 8.51% of Ethereum’s total $88.10 million in sales during the last seven days.

Other top sellers this week include the Where My Vans Go NFTs, QQL Mint Pass, Mutant Ape Yacht Club (MAYC), Azuki, and DigiDaigaku NFTs.

Data from OneLand reveals a 25% decrease in overall metaverse land market cap for the 10 listed projects to 863,320.78 ETH (approx. $1.055 billion). The total volume was up week-on-week on the back of an uptick in trading activity of Otherdeeds (+132%) but not Decentraland (-10.3%) and The Sandbox (-12.9%), while the aggregate number of unique landholders appeared steady.

In Other News,
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Headline
Nike launches dot Swoosh platform

Nike has made its latest foray into the web 3 space with the launch of an NFT marketplace named .Swoosh!

The .Swoosh platform is billed as the epicenter for Nike’s digital efforts around Web3. It's designed to spotlight the brand’s NFTs and virtual apparel initiatives, including future ways for customers to become co-creators and share in digital product royalties.

Nike will use the platform as a hub to launch virtual apparel like t-shirts and sneakers for avatars that can be used within Web3 games. It will also utilize Web3 tech to allow users to unlock real-world benefits, such as exclusive physical apparel or chats with pro athletes.

The company plans to gradually let new users into the closed platform through the end of the year, ahead of the first NFT drop in January 2023. Nike's NFT apparel will be minted on Polygon, whereas the previous Nike and RTFKT drops have all been launched via the Ethereum mainnet. It plans to open up user registrations later this week.

In other headlines,

  • Yuga Labs acquires Beeple’s 10KTF game, hints at metaverse integration. Read More
  • Blur to enforce royalties on permissioned NFTs. Read More
  • $4.8 million round for NFT fraud detection startup Yakoa. Read More
  • CryptoPunks Come to Art Museums as Yuga Labs Begins Donating Ethereum NFTs. Read More
In Other News,
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Metaverse
Harry & Meghan to build Meg-Averse

Prince Harry and Meghan are planning to make their way into the metaverse. The Duke and Duchess of Sussex, England are reportedly building a 3D virtual world where they will be able to reach millions more people across the globe.

According to the report, Harry and Meghan have teamed up with the metaverse platform pax.world to create Meg-averse, an immersive world where they will be able to interact with the global audience. Harry and Meghan could use their virtual universe to hold events, meetings and talks for fans.

Pax.wWorld’s founder Frank Fitzgerald said: “We’re offering Harry and Meghan a plot of prime pax.world land and the chance to collaborate with the world’s leading architects, build on it, and connect with new audiences. If they are to pursue business and entertainment deals, position themselves as thought leaders, and progress their charity work, they must partner with a platform that shares their values.”

The report suggests that the deal could also enable Harry and Meghan to offer various experiential activities including gaming and online communities where the couple appear in 3D avatars of themselves.

In other news,

  • The first airport metaverse takes flight in India. Read More
  • L’Oréal Partners With Metaverse Avatar Platform, Ready Player Me. Read More
  • Metaverse could add up to $1.4tn a year to Asia’s GDP. Read More
  • Renault Launches Its Industrial Metaverse, Aims to Save $330 Million by 2025. Read More
In Other News,
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Gaming
PlayStation files NFT patents

Sony’s PlayStation has filed a patent called “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger.” It primarily focuses on the expected applications for NFTs in gaming, namely creating, using, and modifying in-game assets. The patent was first submitted on May 7, 2021, but published only a few days ago.

The patent uses baseball card collections as an example but notes that the NFTs could have value if they could be transferred across blockchains or platforms. The patent pays particular focus to what is likely the eSports industry, noting that these individuals can have a large following. As such, there could be NFTs associated with these events and individuals commemorating special occasions.

In other news,

  • Polycade Expands Web3 Gaming Ecosystem in Partnership with Atari. Read More
  • Malta Gaming Authority opens consultation on new NFT policy. Read More
In Other News,
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Sports
Cristiano Ronaldo launches first NFT collection with Binance

As part of an exclusive multi-year agreement, Cristiano Ronaldo’s first NFT collection will be made available on Friday, November 18, by Binance. A global marketing initiative involving Ronaldo will support the mega launch and bring Web3 to his millions of followers worldwide via NFTs.

The very first Cristiano Ronaldo NFT collection, which includes seven animated collectibles with four rarity levels —Super Super Rare (SSR), Super Rare (SR), Rare (R), and Normal, will be released on November 18 at 9 a.m. UTC. Each NFT collectible features an iconic scene from Ronaldo’s life, from his career-defining bicycle kicks through his early years in Portugal.

There will be unique benefits associated with each rarity level, including a personal message from Cristiano Ronaldo, autographed CR7 & Binance merchandise, guaranteed access to all future CR7 NFT drops, complimentary CR7 mystery boxes, and VIP entry into giveaways with signed merchandise & prizes.

In other news,

  • 2022 FIFA World Cup NFTs kicking off. Read More
  • Manchester United launched official NFT digital collectibles with Tezos. Read More
In Other News,
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Quiz Answer
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