The non-fungible token (NFT) ecosystem continues thriving, despite many segments within the crypto space facing glitches over continuing extremely high market volatility. In recent weeks, the developments in the NFT space have made headlines and lately, things are becoming interesting.
Daniel Rozenberg, a renowned Dutch artist, also known as Dadara, made news headlines after creating a collection of non-fungible tokens (NFTs) numbered up to 7.9 billion, representing the number of people in the world, as a social experiment.
Dadara has teamed up with RAItech to develop a collection of 7.9 billion identical non-fungible tokens dubbed “CryptoGreymen” on Ethereum scaling platform Polygon. Although these NFTs are somewhat the same, each asset contains a unique serial number.
While commenting about the crypto advancement, Dadara said in an official announcement that the social experiment is simple and can rattle the cage of consensual reality and elevate conversation:
“No one specific NFT is better than another, and because the minting price is widely accessible, it will be interesting to see what value each CryptoGreyman holder brings.”
Furthermore, the NFT collections can also be used as educational devices by the non-profit Movement on the ground for refugees willing to learn the usage of crypto wallets. Movement on the Ground is a non-profit organization dedicated to dignifying the acceptance of refugees around the globe.
It is worth noting that Dadara’s simple social experiment appears a few days after Russia invaded Ukraine, the move that has already attracted thousands of refugees fleeing to neighboring countries.
Pixelmon Mixed-Up Controversy
Pixelmon continues making headlines this week after its NFT collection got hit with a collective case of buyers complaints, following the subpar artistic quality of some pieces in the collection over the past weekend.
Previously, the protocol hinted at the creation of a sharp and crisp art for each character, with many investors also expecting their new non-fungible tokens (NFTs) to contain similar artistic qualities.
But unfortunately, the finalized NFT art varied greatly in style, with the “Kevin” character, an investor, being so bad that it has even become a meme in the NFT community.
Each NFT sold for 3 Ether (ETH), worth about $8,700 at current prices, but the floor price of the collection on the OpenSea NFT marketplace was 0.36 ETH ($1,051) at the time of writing. In total, the project raised about $70 million.
Future NFT Arts On Sale
Gabrel Dean Robert, an artist at SuperWorld, has put 120 original works on sale as non-fungible tokens. The $150 million “Omega” “Ω” collections include Roberts’ future work over the next decade, a custom-designed Rolls Royce Ghost that Roberts designed, 1 million trees planted, and $1 million to Doctors Without Borders. These NFT collections are currently available for sale on the Super World metaverse and NFT marketplace.
While commenting about the debut of these Future NFTs, Robert said in the official announcement that these collections are the highest value NFT ever sold or resold, adding:
“At 50,000 Ethereum (Approximately 150 Million USD) Ω will disrupt the art world and change the way people see smart contracts as a tool.”
Gamie Raises $3.8M To Expand Entertain Metaverse
The celebrity metaverse platform Gamie has raised $3.8 million in funding round to expand its non-fungible token marketplace. The successful funding initiative saw the participation of Newman Capital, Soul Capital, Kenetic, Sparks Digital Capital, and others. Gamie will announce its first celebrity to onboard the project in Q2 2022.
In an official statement earlier this week, Gamie CEO John Fund said he hopes to bring the Asian entertainment industry into the Web3 world by embracing a “new virtual way of fan engagement.”
In other news, the South Korean government announced a new initiative to sponsor the construction and growth of a national metaverse. The ministry of ICT, Science, and Future Planning has pledged $186.7 million to fund the expansion of technological, creative, industrial, and commercial metaverse. According to the Ministry, this project will stimulate global economic growth.
Elsewhere, the Japanese e-commerce giant Rakuten has also announced the launch of its NFT marketplace in the coming weeks. The marketplace will allow property owners to create their websites for selling and issuing their properties as NFTs.
