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As the firm moves to open up The Sandbox Map, co-founder Sebastian Borget said he believes individual creators and brands will ultimately drive what the metaverse of the future will offer. Individual creators and brands will ultimately determine the future of the metaverse as opposed to any centralized entity, according to the co-founders of The Sandbox. On Nov. 3, the team behind the Ethereum-based metaverse announced on X it had made The Sandbox Map accessible to everyone, where “LAND” owners can publish their own experiences without needing to partake in an application process (which was previously required). THE METAVERSE IS NOW OPEN Starting today, LAND owners in The Sandbox can instantly publish experiences on the map! We're accelerating user-generated content to unleash the creative potential of creators like you. Let's build the metaverse together. #UGC #CreatorsDayHK pic.twitter.com/A2E8gNI2it — The Sandbox (@TheSandboxGame) November 3, 2023 “Now [anyon...

Dive into the realm of content creation, where the key players are “perplexity,” “burstiness,” and “predictability.” Perplexity gauges textual intricacy, burstiness contrasts sentence variations, and predictability measures the likelihood of anticipating the next sentence. Unlike AI-generated sentences, which tend to be more uniform, human writing embraces burstiness, incorporating both lengthy and concise expressions. Crafting the forthcoming content, I seek a balance of perplexity and burstiness while minimizing predictability. The language must be English. Now, let’s reimagine the given text: The announcement of Microsoft’s acquisition of Activision Blizzard in January 2022 sparked extensive discourse on the metaverse. Contrary to expectations, the focus leaned towards business applications rather than gaming. If public declarations and leaked documents are indicative, the Activision deal could hold more promise for the future of crypt...

Bitcoin has seen around $167.47 million in NFT sales over the past 30 days, while StepN has integrated Apple Pay to remove barriers to entry to the app. Bitcoin, the next biggest NFT network? With nonfungible tokens (NFTs) still causing a stir among the Bitcoin community, the network has rapidly become the second-largest NFT chain, according to data from CryptoSlam. Looking at the 24-hour, seven-day and 30-day metrics, CryptoSlam data indicates Bitcoin has hosted the second -largest amount of NFT sales volume across the market. Over the past 30 days, Bitcoin has seen a whopping $167.47 million worth of NFT sales on secondary markets, though it’s still far behind the $395.95 million posted on Ethereum during that same period. Notably, Bitcoin is now well ahead of its nearest competition, including Solana and Mythos Chain, which have only seen $55.8 million and $35.4 million worth of sales over the past 30 days, respectively. 30-day NFT sales volume by blockchain. Source: CryptoSlam In...

Gaming and Metaverse tokens have been leading the crypto market’s recovery show. Top cryptos like Axie Infinity, ApeCoin, Sandbox, and Enjin Coin have fetched their investors with double-digit gains ranging between 10%-35% each over the past week. On Monday, however, the spotlight was on Decentraland ’s MANA . In the past 24 hours, the token rallied by more than 24%, while on the weekly, its gains stood at 75%. Earlier during the day, MANA went on to script a new multi-week high at $0.7375. Resultantly, the rise from its local bottom created on December 30 to its current level translated to roughly 160%. At press time, MANA was rejected by the 0.5 Fibonacci level. With the market highly overbought, the top gainer could see a correction to $0.607 over the short term. Source: TradingView For now, however, the investors are in quite a comfortable position. MANA ’s Sharpe Ratio was hovering around its 1-year high, at 4.82, on Monday. This ratio measures the ri...

The program aims to help Web3 companies boost their media presence, community growth and brand awareness. The Web3 space is growing rapidly, and new startups are emerging daily. Overall investment into Web3 projects skyrocketed to $30 billion in 2021 and $36 billion in 2022, even amid the market crisis. While many projects have good ideas and a strong value proposition to bring to the space, this is a challenging field riddled with competition and a lack of trust from the broader audience. Cointelegraph has established itself as a leader in the digital asset, Metaverse and emerging technologies media business since 2013, and is now looking to help other rising stars reach their full potential. Cointelegraph is delighted to introduce its Accelerator Program — a startup booster leveraging Cointelegraph’s capabilities as a strong media and strategic partner for promising Web3 companies. Paul Solntsev, Head of Cointelegraph Accelerator, shared: “We are excited to expand our product suite...

The wallet address of RTFKT’s chief operating officer got drained of its NFTs through a phishing scam. In this week’s news letter , read about how nonfungible tokens (NFTs) in the Magic Eden Marketplace showed “unsavory images.” Read about Final Fantasy developer Square Enix’s aggressive investments in blockchain Gaming and how Play-to-earn (P2E) will transition from the growth phase to maturation. In other news, check out Metaverse developments throughout 2022. And don’t forget this week’s Nifty News featuring Solana NFTs’ surge in trading volume.  ‘WTH did I just witness?’ Magic Eden shows porn after hosting service hacked Solana-based NFT marketplace Magic Eden had recently assured its users that their NFTs are safe after pornographic images were spotted in its trading platform on Jan. 3. The marketplace told its users that it wasn’t hacked. Instead, the third-party service provider hosting images within the platform was “compromised.” Tweets posted by Magic Eden users pointed to ...