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New York-based Quontic Bank proudly proclaims on its website that you can “Join Quontic In The Metaverse ,” and calls its foray into virtual worlds “the first of its kind.”  Unfortunately, during my visits to this Decentraland-based bank diorama, I was the only person there — unless you count the teller or poolside DJ.  Screenshot of Decentraland avatar clipping into ATM Accessing the poolside DJ requires you to first activate the ATM, something I found more difficult than anticipated due to failures in object collision detection. Being the only person at a Metaverse bank’s pool party with a DJ playing music was something I had never experienced before, and something I doubt I will experience again any time soon. Screenshot of Quontic Bank’s lonely metaverse pool party . Speaking to the teller allows you to have a short conversation about some of the products that Quontic offers, including a checking account that offers rewards in bit...

An NFT trader who noticed a bot was copying his trades tricked the bot out of 800 ETH, worth around $1.5 million. In this week’s newsletter, read about how the team behind Bitcoin Ordinals plans to drive the development of nonfungible tokens (NFTs) on Bitcoin and find out why metaverse platform The Sandbox requires Know Your Customer (KYC) checks for staking. In other news, learn why NFT gas usage is on a downward trend, and don’t forget this week’s Nifty News, featuring an NFT trader tricking a bot and bagging $1.5 million in profit .  Bitcoin Ordinals team launches nonprofit to grow protocol development The team behind Bitcoin Ordinals has launched a nonprofit aiming to boost the development of NFTs on Bitcoin. Dubbed the Open Ordinals Institute, the nonprofit will provide funding for Ordinals developers. The Bitcoin Ordinals protocol was launched in January, and it rapidly became one of the most popular trends in crypto. Users rushed to inscribe their assets like NFTs and Bitcoi...

The creators of the popular NFT game Axie Infinity announced a partnership with NFT collection CyberKongz to migrate the Play & Kollect game to Ronin. In this week’s newsletter, read about how Reddit onboarded millions into Web3 through its nonfungible token (NFT) avatars, and check out McDonald’s first metaverse experience in The Sandbox. Find out why professional gamers are interested in trying out Web3 games, and why Axie Infinity creator Sky Mavis is partnering with NFT collection CyberKongz to develop a new game. And don’t forget this week’s Nifty News, featuring an NFT image of Ethereum co-founder Vitalik Buterin. Reddit engineer shares strategy behind NFT onboarding at EthCC At the recent Ethereum Community Conference (EthCC) event, Reddit’s senior engineer Mirela Spasova shared how the online forum platform onboarded millions to its NFT avatars. Spasova highlighted that the motivation behind the project was empowering users with freedom of use. By making the collectible p...

Jack Daniels is dropping digital collectibles in an AR game, while FIFA launched an AI-football simulation game that will eventually ship NFT integrations. Otherside holders get dripped out in Gucci Luxury fashion giant Gucci has designed a limited edition pendant for Yuga Labs’ Otherside metaverse that will come in both physical and nonfungible token (NFT) forms. Gucci’s silver jewelry piece is dubbed the “KodaPendant,” and will drop on April 6 for hodlers of the Koda or Vessel NFTs, which essentially function as either creatures or avatars in Otherside. Koda and KodaPendant NFT artwork. Source: Yuga Labs The physical chain itself is 50cm long, with a Koda-shaped pendant engraved with “GG.” There will be 3,333 in total on sale for 450 ApeCoin (APE) a pop, worth roughly $1,930 at current prices. Once the NFTs are purchased, their Koda or Vessel NFT metadata will be updated with a KodaPendant trait, resulting in a physical update to the token’s associated animated character. Introducin...

While trying to wrap his CryptoPunk to borrow money, an NFT investor accidentally sent the asset to a burning address, permanently removing it from circulation. In this week’s newsletter, read about Sony filing a patent for a nonfungible token (NFT) framework for games, and how executives believe that Grand Theft Auto (GTA) and Minecraft developers may change their minds on blockchain technology. Learn how an NFT collector accidentally burned a CryptoPunk worth $135,000 while trying to borrow funds, and find out about Disney reportedly sacking its metaverse division. In other news, His Majesty’s Treasury in the United Kingdom has dropped the Royal Mint NFT project.  Sony eyes NFT transfers across multiple game platforms, reveals patent Sony has recently filed a patent for an NFT transfer framework across multiple game platforms. This new addition to Sony’s preparations to enter crypto integrates NFTs into gameplay. With this, NFTs can become skins or other in-game functions and items....

Join Our Telegram channel to stay up to date on breaking news coverage Amid all the excitement as of late around ChatGPT and OpenAI GPT models, there are some startups that are attempting to apply those technology to the crypto metaverse. In their own words, Oncyber is a metaverse platform that makes it easy for anyone to create their own 3D, immersive experience that can be accessed from the browser.   They provide a text-to-world interface that can be used to modify environments in real time, through an AI tool called Magic Composer. The platform provides many kinds of NTFs used by Web3 and communities, and it currently runs on OpenAI’s GPT-3.5 model.   Introducing a GPT-powered AI tool for text to world building ✨ here’s a sneak peek, where your creativity can flow from your brain to web3D. stay tuned for public access — notifs on 🫡, 🔽 for early access pic.twitter.com/0GzkpYoMBC — ᴏɴᴄʏ...

56.8% of metaverse-related tweets coming from Vietnam were positive sentiments that show support for the concept. A recent analysis of more than a million tweets showed a list of countries that love and hate the metaverse, with Vietnam showing the most love for the concept and Ireland topping the opposite side of the spectrum.  Crypto data website CoinKickoff analyzed 1.6 million tweets from different parts of the world to determine which countries are in favor of the metaverse concept and which countries oppose it. The results showed that Vietnam topped the in-favor list, with 56.8% of the metaverse tweets coming from the Southeast-Asian country being positive. East-Asian countries were generally positive toward the concept. Apart from Vietnam, the Philippines, Ukraine, Nigeria and Indonesia also made it to the top countries in support of the metaverse. List of countries in favor and against the metaverse. Source: CoinKickoff Meanwhile, Ireland was on top of the list of countries wi...