Bitcoin.com is the premier source for everything crypto-related.
Contact firstname.lastname@example.org to talk about press releases, sponsored posts, podcasts and other options.
Cryptocurrency has been around for quite some time and is gradually being accepted, albeit with some hiccups on the way. However, the year 2021 will be remembered for the sudden boom in the world of non-fungible tokens (NFTs) and the metaverse.
While one of the biggest news in the world of crypto was El Salvador’s monumental decision to make Bitcoin a legal tender, Facebook’s metaverse rebranding and Argentine football legend Lionel Messi launching ‘Messiverse’ made headlines, too.
2021 can surely be crowned as the year of the NFTs — a tradeable digital asset whose ownership is stored on the blockchain, similar to that of cryptocurrency.
American artist Beeple, whose real name is Mike Winkelmann, had one of his artworks, titled Everydays – The First 5000 Days, sold at the Christie’s auction for a record USD 69 million.
In a tweet on 11 March, the auction house said that the price fetched for the collage of 5,000 individual images made one per day over more than 13 years elevated Beeple to become one of the top three most valuable living artists.
It was later revealed that the buyer of the artwork was an Indian cryptocurrency investor named Vignesh Sundaresan, who went by the name Metakovan.
Krista Kim, a Toronto-based artist, designed a virtual house on the Red Planet and tokenised it as an NFT. The Mars House, as it is called, was sold for more than USD 500,000 as crypto real estate late in March.
The virtual house has bay windows, which gives a breathtaking view of the Martian red surface. It also features a garden lounge but no kitchen. The ‘inhabitants’ can, however, take a shower.
Even the deed of the house was in virtual form.
A collection of computer-generated 10,000 apes was released on 30 April, and it soon became one of the biggest NFT crazes of all time.
The collection was sold out in a day. Later, four of the ‘apes’ from the collection were auctioned along with NFTs by CryptoPunks and Meebits for USD 12 million by Christie’s. Auction house Sotheby’s too sold an ape NFT for USD 3.4 million — the highest for any single Bored Ape.
Its famous collectors include NBA star Steph Curry, musician The Chainsmokers, singer-songwriter Post Malone, record producer Jermaine Dupri and TV show host Jimmy Fallon.
Football player Lionel Messi took the world of sports and NFTs by storm earlier in 2021 when he announced his collection known as The Messiverse.
Featuring four unique digital artworks of the legendary Argentine footballer, The Messiverse was created by digital designer BossLogic in collaboration with the Ethernity Chain platform.
The four NFT pieces were titled, The Golden One, The Man From Tomorrow, The Man of The Past and The King Piece. Each showed Messi striking a pose. A fifth one, titled The Magician, designed by Impossible Brief was revealed later.
The collection was launched in August. The winner of a record seven Ballon d’Or, Messi, is considered by many as the greatest footballer in history.
Bitcoin, the oldest cryptocurrency, was made a legal tender by El Salvador on 7 September.
Speaking in favour of the cryptocurrency before the decision, El Salvador’s President Nayib Bukele said that it would help those in the country who have no access to “traditional financial services”. He also said that it will encourage investment and remittances from expat Salvadorans.
It was also revealed that the government of El Salvador held 550 Bitcoin worth around USD 26 million at the time.
One of the biggest newsmakers in the world of technology was Facebook.
On 28 October, Facebook CEO Mark Zuckerberg announced that the company was rebranding itself as Meta Platforms Inc., or Meta.
In a 77-minute video posted on Facebook and YouTube, Zuckerberg showed the world what his company was aiming for in the near future. Millions saw how Facebook was going right inside the metaverse, with everything virtual, including homes to plants.
“The defining quality of the metaverse will be a feeling of presence — like you are right there with another person or in another place,” Zuckerberg wrote in the Founder’s Letter.
The decision by Facebook gave a fillip to the concept of the metaverse and brought it into the mainstream. Though the idea of a metaverse has existed for over three decades, it is only now, with much technological progress, that the concept is gradually being realised.
Other than Facebook, Microsoft has its own metaverse plan called Mesh. Older metaverse players include Roblox and Fortnite.
One of the most famous actors of Bollywood, Amitabh Bachchan, was the biggest name from India making news in the NFT universe.
Early in November, a collection, featuring his father Harivansh Rai Bachchan’s poem Madhushala and several vintage posters of the star, went up for auction. The collection reportedly sold for USD 966,000.
While the poem is one of his father’s best works, the movie posters include Sholay (1975), which is among Amitabh Bachchan’s most critically and commercially acclaimed films.
The Korean drama, Squid Game, was one of the most-watched shows on Netflix this year. The series is about several dangerous games that 456 hapless contestants are forced to play to recover from their dire financial situation.
So, when a Squid Game crypto was launched in the PancakeSwap marketplace on 26 October, it generated quite a buzz. It was launched at USD 0.012 and climbed rapidly over the next few days. But signs of trouble became apparent, when many said they could not resell their tokens.
By 2 November, the crypto crashed, and investors’ money was wiped out, indicating it was a scam.
The French luxury brand launched an NFT collection on 23 November, featuring 15 unique pieces of art. The collection marked a collaboration between Givenchy and airbrush artist Chito.
The artworks ranged from those bearing the Givenchy logo to animated characters and symbols.
Collins Dictionary named “NFT” as its word of the year for 2021. The dictionary defined NFT as a “unique digital certificate, registered in a blockchain, that is used to record ownership of an asset such as an artwork or a collectible.”
In a second definition, the lexicon described NFT as an “asset whose ownership is recorded by means of a non-fungible token.”
Among the top 10 words, which were announced on on 24 November, two were connected to blockchain technology — “crypto” and “metaverse”. The others were cheugy, climate anxiety, double-vaxxed, hybrid working, neopronoun, pingdemic and Regencycore.
On 24 November, a mega yacht was sold for USD 650,000 on The Sandbox — a virtual gaming world, which is part of the metaverse.
The boat labelled “Metaflower Super Mega Yacht” is as lavish as any of the real-world superyachts billionaires own.
Congrats to the new owner of The Metaflower NFT Super Mega Yacht on making metaverse NFT history. This auction marks the highest price paid for a @TheSandboxGame NFT asset at 149 ETH ($650,000), and an exciting time for every member of the Fantasy Community. pic.twitter.com/Nl0278JbOT
— Republic Realm (@joinrepublic_re) November 24, 2021
The three-storey yacht has two helipads, hot tubs, a DJ booth and several lounge areas, among other amenities. It is designed for those who’d want to experience luxuries in ‘virtual’ life.
The Sandbox is a virtual universe existing on the Ethereum blockchain.
An NFT-based virtual real estate company named Metaverse Group reportedly bought virtual land on Decentraland for USD 2.43 million, reported New York Post on 25 November.
Decentraland is built on the Ethereum blockchain and lets people buy and sell virtual plots of land. Once a plot is bought, the owner can create an entire virtual micro-world with objects such as trees, buildings and aircraft.
The ‘land’ in Decentraland is in the form of NFTs, which can be traded using cryptocurrency known as MANA.
Barbados will be the first country with an embassy on Decentraland, which will be opened in January 2022.
Tarantino is one of the most acclaimed directors in cinema, and his 1994 film Pulp Fiction is counted among his best works.
In November, the American filmmaker announced he will release seven uncut scenes from the film as NFTs. However, he did not reveal details about which scenes will be part of the collection.
But Tarantino landed in trouble when Miramax, the producer of the film, filed a lawsuit the same month, demanding to halt any planned sale of the film’s NFTs and accused the director of violating the company’s copyright and trademark.
Pulp Fiction follows an assortment of characters, two of whom are hitmen, whose paths cross in violence-fuelled scenes. The film stars Uma Thurman, John Travolta, Samuel L. Jackson, Bruce Willis, Tim Roth, Amanda Plummer, Ving Rhames and Harvey Keitel in pivotal roles.
In 1995, it won the Oscar for Best Writing, Screenplay Written Directly for the Screen for Quentin Tarantino and Roger Avary.
The former US First Lady announced on 17 December the launch of a new venture called the Melania Trump NFT platform.
The first NFT to be launched by the platform is Melania’s Vision, a watercolour artwork by Marc-Antoine Coulon. Her office said in a statement that more NFTs will be released on the platform in the future.
A portion of the proceeds will be used to support children ageing out of foster care, the statement added.
(Main image: XR Expo/@xrexpo/Unsplash; Featured image: Jievani Weerasinghe/@jievani/Unsplash)
Workshops and Programs Will Discuss and Showcase the Innovations that Deliver Content to the Metaverse
CHICAGO, Aug. 8, 2022 /PRNewswire/ — SIGGRAPH 2022 delves into the evolution and advancements in technology for the metaverse. Several programs across the conference will explore the current state and future possibilities in this virtual universe. Conversations and workshops will be held to assist in creating content for the metaverse; while leading experts touch on the experiences, and other metaverse-related ideas, from discussions on interoperability, workshops on 3D modeling, and even tackling potential challenges in this environment. The 49th annual conference will run 8–11 August in person, with on-demand sessions available virtually 25 July–31 October 2022.
The metaverse, once considered a hypothetical virtual world, is now an immersive network of 3D worlds focused on social interaction. Advancements in technologies, including augmented and virtual reality, have made it easier to connect users in both these remote and 3D worlds. But how does an interactive experience affect one’s life in the metaverse? What will happen to how people socialize, work, learn, and play? How does it affect various industries such as art, gaming, fashion, healthcare, or movies?
At SIGGRAPH 2022, the metaverse will be the focus of many panels, courses, and hands-on workshops. Topics covered include how computer graphics deals with the mechanics of the human body, the sense of touch with physical hardware in a spatial environment, and even neural network algorithms in art. Programs including: Appy Hour, Art Papers, Birds of a Feather, Courses, Educator’s Forum, Emerging Technologies, Featured Speakers, Frontiers, Immersive Pavilion, Panels, Real-Time Live!, and Talks, will address these subjects.
“I believe SIGGRAPH 2022 is the ideal place to talk about the metaverse, discuss what is happening now, and exchange ideas as to what is possible,” said Munkhtsetseg Nandigjav, SIGGRAPH 2022 Conference Chair. “Our community is made up of creators and innovators. We want to further these discussions and promote how this experience will potentially change lives. We contribute to the variations and transformations occurring in this virtual world, and we can empower these creators to make an impact for the better.”
Highlights that will cover the metaverse include:
[Frontiers Workshop] Challenges to Unlock the Metaverse: Haptics, Gaze, Prototyping Tools, & More!
Contributors: Pedro Lopes, University of Chicago; Michael Nebeling, University of Michigan; Shan-Yuan Teng, University of Chicago; Mark Billinghurst, Empathic Computing Lab, The University of Auckland; Yudai Tanaka, University of Chicago
Advances in augmented and virtual reality have paved the way for a new type of user interface that can connect users remotely via spatial interactions: the metaverse. This workshop will deep dive into some of the roadblocks to unlock the potential of the metaverse. These include integrating haptic sensations, integrating gaze and attention into user interfaces, and accelerating the prototyping of metaverse experiences.
[Panel] Privacy, Safety, and Wellbeing: Solutions for the Future of AR and VR
Moderator: Callie Holderman, Snap Inc.; Panelists: Eakta Jain, University of Florida; Michael Running Wolf, Northeastern University; and Liv Erickson, Mozilla
There have been many discussions about the metaverse as a construct and how it will be populated, while issues such as privacy and safety have not been brought up. This panel touches on these topics.
[Birds of a Feather] The Web3D Ecosystem and the Metaverse
Contributor: Anita Havele, Web3D Consortium
This session features a discussion on how technology contributes to the metaverse. From interactive real-time 3D to mixed reality and humanoid animation, everything done in 3D is significant to an open metaverse. See the scaling expertise in 3D, modeling and simulation, geospatial, augmented reality, and web audio toward an open, interoperable metaverse.
[Courses] Building the Open Metaverse: Part I
Contributors: Patrick Cozzi, Cesium; Marc Petit, Epic Games; Neal Stephenson, Lamina1; Rev Lebaredian, NVIDIA; Natalya Tatarchuk, Unity; Steve May, Pixar Animation Studios
This session features an introduction to the concepts and building blocks for the open metaverse, covering the current state and potential future directions, including: 3D-first computing, interoperability, game engine ecosystems, the evolution of content creation, and scaling users and worlds. The themes of openness and collaboration are woven throughout all the topics.
[Immersive Pavilion] Journal of My Journey: Seamless Interaction in Virtuality and Reality with Digital Fabrication and Sensory Feedback
Contributors: Miguel Ying Jie Then, Ching Lui, Yvone Tsai Chen, Zin Yin Lim, Ping Hsuan Han, National Taipei University of Technology
Journal of My Journey is a work that explores the possibilities of integrating seamless interactions in virtuality and reality. The choices users make in the virtual world can be output to the real world, thus enhancing the connection between reality and the virtual world.
Access to the various metaverse presentations and workshops at SIGGRAPH 2022 are available in person and online. Learn more and register for the conference at s2022.SIGGRAPH.org/register.
About ACM, ACM SIGGRAPH, and SIGGRAPH 2022
ACM, the Association for Computing Machinery, is the world’s largest educational and scientific computing society, uniting educators, researchers, and professionals to inspire dialogue, share resources, and address the field’s challenges. ACM SIGGRAPH is a special interest group within ACM that serves as an interdisciplinary community for members in research, technology, and applications in computer graphics and interactive techniques. The SIGGRAPH conference is the world’s leading annual interdisciplinary educational experience showcasing the latest in computer graphics and interactive techniques. SIGGRAPH 2022, the 49th annual conference hosted by ACM SIGGRAPH, will take place as a hybrid event, with live events 8–11 August at the Vancouver Contention Centre and virtual content available starting 25 July through 31 October. Click here for news from the conference and its partners.
Today’s video focuses on Unity Software (U 7.89%) and four things I am keeping my eye on as an investor during its earnings on Tuesday, August 8, after the market closes. The past few months have been a rollercoaster for Unity, from a merger announcement to an issue with its monetization solutions, causing the company to revise its guidance. Check out the short video to learn more, consider subscribing, and click the special offer link below.
*Stock prices used were the pre-market prices of August 8, 2022. The video was published on August 8, 2022.
Jose Najarro has positions in Unity Software Inc. The Motley Fool has positions in and recommends Unity Software Inc. The Motley Fool has a disclosure policy. Jose is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Everyone is now familiar with the term “NFTs,” which provide users with decentralized asset ownership and legitimate property through blockchain technology. Similarly, NFT domains are currently trending with a similar approach of giving users ownership rights, but the difference is that these NFT domains can be stored as an asset, used to host a decentralized website, or even change heavy digital wallet addresses to make them human-readable. Quik.com is paving the way for users to mint their very first NFT domains.
Users can establish a presence on the web of the future by choosing from a variety of top-level domains (TLDs), including .metaverse domains, .web3 domains, and .vr domains via Quik.com. The gap between the real world and the virtual world is gradually closing as technology advances at an accelerated rate and as time goes on.
With this shrinking gap, it is anticipated that by the year 2020, 40% of the world’s population will be practically active in the metaverse. Users will also need to establish their existence in the virtual world and construct their identity, and users will be able to host their decentralized identity using NFT domains.
The fundamentals of decentralized web3 technology and blockchain-driven applications support users with a secure web experience and application experience that blocks third-party interference and even eliminates the way centralized organizations distribute user data for providing preference-oriented experiences for users, like ads related to searches. Even users have power over the distribution of data, the optimization of content, and even the uploading of new content thanks to this decentralized web.
What are NFT domains and their correlation to the Metaverse?
The principal access to emerging technologies like the metaverse, web3, virtual reality, and other significant resources is through NFT domains. The Quik ecosystem is designed to support users with these popular NFT TLDs so they may develop not just an establishment but an establishment that is relevant and engaging as well.
The metaverse has made it possible for people to build a virtual haven where they can escape reality and also establish themselves in a virtual world that functions in real-time with the physical world. Users now have the option to link their NFT domains to their metaverse properties, which will improve both the metaverse and the decentralized web3, as well as the users’ metaverse properties.
With the .metaverse NFT domain offered by Quik.com, users can host metaverse web pages or websites as well as modify their metaverse wallet. The possibilities offered by the emerging metaverse have attracted major investors seeking major investment opportunities as well as serving as a source for growing businesses and even personal experiences via investments like virtual reality headsets and metaverse assets providing metaverse education, parties, and even metaverse office culture.
Users’ preferences have dramatically shifted from a 2D immersive experience to a 3D virtual world of the metaverse, which provides an escape that is close to reality and may also be able to help users cope with significant stress from the real world and work as a stress buster.
NFT domains and Web3 technology
The natural transition from web2 to web3 has given rise to several opportunities for tech-focused businesses and communities, as well as a hot topic for techies. The user-oriented systems and applications that let users manage their content, as well as their identity and data, are the main emphasis of this decentralized progression.
Although traditional TLDs like.com and.gov have generated a lot of attention online, ICANN, a centralized organization in charge of domain management, controls and manages these domains.
Although they are technically not the rightful owners of these domains, even though the users of these domains are the ones who are authorized to use the domain and website. These domains that users acquire are technically centralized property because the central authority decides what content will be published and has the power to remove any content or user if it so intends.
This is because the centralized web2 is commercialized and focuses more on businesses than users. Once the centralized authority decides to, users will no longer have access to their accounts or even the content.
Decentralized NFT domains are the exact antithesis of these centralized domains and authorities, and the distinguishing characteristic that sets them apart from one another is that they are user-oriented and focus more on user preference and user privacy.
What is Quik.com?
Quik.com is a P2P NFT domain marketplace that provides users with significant TLDs to create web3, metaverse, virtual reality, and digital experiences using a blockchain-driven technology that adjusts via each sector and gives users control over their data and a safe decentralized web experience.
The Quik ecosystem enables users to interact and communicate with other users as well as locate the NFT domains they have acquired and also exchange, trade, sell, and even purchase these domains using a follow registry that provides users with a list of users who own NFT domains as well as filters of available domains and taking names to make it simple for users to choose their NFT domain name.
The fundamental benefit that these domains provide users is that they cannot be copied. The domain registry provides customers with a list of domains that other users have purchased, but because these domains employ blockchain technology, it is impossible to replicate them.
Users can take advantage of the marketplace opportunity that enables them to communicate with other users to negotiate to acquire a certain domain that has already been minted by another user.
TLDs on Quik.com Explained:
While these rapidly evolving tech genres are always generating excitement among the tech community, these NFT domains allow users to connect their digital advancements, present these industries and even refresh their portfolio, giving them a unique experience.
Benefits of NFT domains on Quik.com
The Quik.com NFT domains have significant advantages that allow users to have a decentralized experience and even progress alongside the web toward a virtual world with significant potential for the future and a world where everything is digital.
The main advantage is that it enables users to host decentralized websites with their preferred NFT domains, which represent the content that a website is holding. This results in a tech-related experience that gives audiences a clear picture of what the website contains because the Quik.com NFT domain is integrated into your website.
Another is that users can use NFT domains to convert their lengthy wallet addresses into human-readable names, which will eventually simplify exchange processes and make it even easier to remember your digital wallet rather than relying on the copy/paste method.
Soon, Quik.com will debut The Goodplace, its metaverse where users can purchase real estate, advertise, and even conduct business in a manner akin to that of the physical world.
Owners of Quik.com will undoubtedly benefit greatly from the upcoming metaverse project, and other users will eventually be able to connect their metaverse assets and property to the metaverse NFT domain offered on Quik.com, which will significantly improve your property and the virtual marketplace experience.
Join Quik’s telegraph group – https://t.me/quikcom
Follow Quik on CMC – https://coinmarketcap.com/currencies/quik
Follow Quik on Instagram – https://www.instagram.com/quikdotcom/
Follow Quik on Twitter – https://twitter.com/quikdotcom
This is a sponsored post. Learn how to reach our audience here. Read disclaimer below.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
About Google Data Analytics Professional Certification | Includes my opinion
SteelSeries Nova Pro Wireless review: it nearly does it all
ENO celebrates 50 Years in India with First-Ever Metaverse Stand Up Show
Location, celebrity partners unveiled for $150M sports destination coming to Miami-Dade
Everything You Need to Know About the Solana Blockchain and NFTs
2B3D, Metaverse for Veteran PTSD Therapy, Sends Gratitude
‘Selling Sunset’ Star Christine Quinn And Tech Entrepreneur Husband Have Plans To Disrupt The Real Estate Industry
22 Rising NFT Artists to Watch in 2022