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UK politicians enter the metaverse, mainstream media says NFTs are worthless: Nifty Newsletter

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Source: Coin Telegraph

In this week’s newsletter, check out Glassnode data that shows nonfungible token (NFT) protocol Bitcoin Ordinals may not be clogging the network. Read about British politicians using the metaverse to discuss opportunities and challenges in Web3, and find out why Rolling Stone says NFTs are “finally totally worthless.” And don’t forget this week’s Nifty News, featuring world-renowned artist Takashi Murakami saying he might not release any more NFTs. 

U.K. politicians don metaverse avatars as they share Web3 roadmap

Politicians in the United Kingdom gathered in the metaverse on Sept. 20 to set out a vision for the country’s Web3 and blockchain industry. The gathering included eight British Lords, politicians and global leaders speaking about both the opportunities and challenges that the growth of Web3 technology could bring.

According to Natalie Elphicke, a member of parliament who appeared with a unique avatar in the metaverse, Web3 “reimagines the very fabric of the internet,” representing a paradigm shift.

Read more: https://cointelegraph.com/news/uk-politicians-enter-metaverse-mainstream-media-says-nf-ts-are-worthless-nifty-newsletter

Metaverse

All Eyes on Art: Upcoming Collections to Watch the Week of May 13

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Source: nftnow

When you consider just how quickly things move in the metaverse, it’s a wonder that anyone can keep up with all the news and product launches, let alone the constant influx of incredible artwork. 

All things considered, it raises an important question: how can you efficiently discover the best upcoming art collections?

For the answer, look no further! I’ve scoured the metaverse to uncover the drops you simply can’t afford to overlook so you can focus on elevating your collection instead of endlessly scrolling through X and Discord.

Read more: https://nftnow.com/art/all-eyes-on-art-upcoming-collections-to-watch-the-week-of-may-13/

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Metaverse

All Eyes on Art: Upcoming Collections to Watch the Week of May 6

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on

Source: nftnow

When you consider just how quickly things move in the metaverse, it’s a wonder that anyone can keep up with all the news and product launches, let alone the constant influx of incredible artwork.

All things considered, it raises an important question: how can you efficiently discover the best upcoming art collections?

For the answer, look no further! I’ve scoured the metaverse to uncover the drops you simply can’t afford to overlook so you can focus on elevating your collection instead of endlessly scrolling through X and Discord.

Read more: https://nftnow.com/art/all-eyes-on-art-upcoming-collections-to-watch-the-week-of-may-6/

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Metaverse

Saudi’s National Metaverse Project ‘Cultural Universe’ Unveiled on Founding Day 2024

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Source: Coinpedia

The Saudi Ministry of Culture has launched what appears to be the world’s first state-operated national metaverse project, ‘Cultural Universe’. The innovative virtual environment, which integrates droppGroup’s Generative Media Intelligence (GMI) AI technology and Oracle’s Hyperledger Fabric 2.5 blockchain, was unveiled on February 22 to mark Saudi Arabia’s Founding Day 2024.

The purpose-built Middle Eastern metaverse digitally replicates various attractions and activities which formed part of last week’s real-life celebrations in the capital Jeddah. These include a History Walk which provides an educational stroll through significant events in the nation’s history, as well as sections devoted to Saudi heritage including music, art, history, and cuisine.

Read more: https://coinpedia.org/information/saudis-national-metaverse-project-cultural-universe-unveiled-on-founding-day-2024/

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