🖼 Six-Figure Prices for Bitcoin Rock Ordinals and EtherRock NFTs Reignite Hopes for Return of NFT Mania
Nonfungible tokens (NFTs) are back in the spotlight this week after separate high-profile sales of EtherRock NFTs and Bitcoin Rock Ordinals for over $100,000 each. The sales come amid a resurgent cryptocurrency market, with Bitcoin rallying past $37,000 for the first time since May 2022 and Ethereum surging above $2,100 on renewed optimism. With crypto prices rallying, the mood among cryptocurrency investors has shifted to guarded hope that the market may have put in a definitive low. The hugely popular EtherRock collection consists of 100 indistinguishable grey boulder NFTs on the Ethereum blockchain. EtherRock #95 from the popular EtherRock NFT collection sold for 100 ETH earlier today, valued at around $209,000 at the time, while a Bitcoin Rock Ordinal NFT from a comparable collection was also sold for 2.99 BTC, worth over $111,000. While neither collection comes with any special benefits or utilities beyond the NFTs themselves, these seemingly basic images of rocks have accrued tremendous speculative value. Social media reaction to the sales appears divided. Some see it as a welcome return to the “frothy frenzy” of last year’s peak market, while others consider it reminiscent of the overexuberance and “absurdity” that eventually led to the crypto crash.
Nonfungible tokens (NFTs) are back in the spotlight this week after separate high-profile sales of EtherRock NFTs and Bitcoin Rock Ordinals for over $100,000 each. The sales come amid a resurgent cryptocurrency market, with Bitcoin rallying past $37,000 for the first time since May 2022 and Ethereum surging above $2,100 on renewed optimism. With crypto prices rallying, the mood among cryptocurrency investors has shifted to guarded hope that the market may have put in a definitive low. The hugely popular EtherRock collection consists of 100 indistinguishable grey boulder NFTs on the Ethereum blockchain. EtherRock #95 from the popular EtherRock NFT collection sold for 100 ETH earlier today, valued at around $209,000 at the time, while a Bitcoin Rock Ordinal NFT from a comparable collection was also sold for 2.99 BTC, worth over $111,000. While neither collection comes with any special benefits or utilities beyond the NFTs themselves, these seemingly basic images of rocks have accrued tremendous speculative value. Social media reaction to the sales appears divided. Some see it as a welcome return to the “frothy frenzy” of last year’s peak market, while others consider it reminiscent of the overexuberance and “absurdity” that eventually led to the crypto crash.
BRC-20 SATS Emerges as Dominant Player in NFT Market, Surpassing CryptoPunks and BAYC
According to the latest data from NFTScan, the cumulative number of inscriptions minted on the Bitcoin blockchain has reached an impressive milestone of nearly 38 million. These inscriptions have significantly contributed to the Bitcoin network, generating over 2,400 BTC in transaction fees. Moreover, the popularity of inscriptions is evident from the fact that there are now more than 672,000 wallets holding these unique digital assets. In the recent week, the BRC-20 SATS token has emerged as a dominant player in the NFT market.
In the recent week, the BRC-20 SATS token has emerged as a dominant player in the NFT market with a staggering transaction volume of over $32 million. With a staggering transaction volume of over $32 million, it has surpassed other popular NFT projects such as CryptoPunks and Bored Ape Yacht Club (BAYC).
According to the latest data from NFTScan, the cumulative number of inscriptions minted on the Bitcoin blockchain has reached an impressive milestone of nearly 38 million. These inscriptions have significantly contributed to the Bitcoin network, generating over 2,400 BTC in transaction fees. Moreover, the popularity of inscriptions is evident from the fact that there are now more than 672,000 wallets holding these unique digital assets. In the recent week, the BRC-20 SATS token has emerged as a dominant player in the NFT market.
In the recent week, the BRC-20 SATS token has emerged as a dominant player in the NFT market with a staggering transaction volume of over $32 million. With a staggering transaction volume of over $32 million, it has surpassed other popular NFT projects such as CryptoPunks and Bored Ape Yacht Club (BAYC).
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🖼 Mad Lads NFTs Hit All-Time High as Backpack Taps FTX Lawyer for Exchange Launch
Solana-based NFT wallet app Backpack will launch a cryptocurrency exchange based in Dubai, the company has added former FTX general counsel Can Sun to lead the exchange. And now Backpack’s associated NFT project, Solana’s Mad Lads, has soared to an all-time high price. The news comes just weeks after Sun testified against ex-boss Sam Bankman-Fried in the U.S. government’s fraud trial against the FTX co-founder and former CEO. According to the report, Trek Labs aims to sell a 10% stake of the company to investors at a valuation above $100 million. Coral co-founder and CEO Armani Ferrante is listed as a minority shareholder in Trek Labs, per the report, while his wife Claire Zhang also holds a stake. Zhang was previously Sun’s deputy at FTX, while Ferrante himself worked at both Alameda and FTX before founding Coral. Trek Labs announced in October that it obtained a Virtual Asset Service Provider license from the Dubai Virtual Assets Regulatory Authority (VARA) to launch a regulated exchange in the country. Sun disclosed his history with FTX during the regulatory application process, according to the Wall Street Journal.
Solana-based NFT wallet app Backpack will launch a cryptocurrency exchange based in Dubai, the company has added former FTX general counsel Can Sun to lead the exchange. And now Backpack’s associated NFT project, Solana’s Mad Lads, has soared to an all-time high price. The news comes just weeks after Sun testified against ex-boss Sam Bankman-Fried in the U.S. government’s fraud trial against the FTX co-founder and former CEO. According to the report, Trek Labs aims to sell a 10% stake of the company to investors at a valuation above $100 million. Coral co-founder and CEO Armani Ferrante is listed as a minority shareholder in Trek Labs, per the report, while his wife Claire Zhang also holds a stake. Zhang was previously Sun’s deputy at FTX, while Ferrante himself worked at both Alameda and FTX before founding Coral. Trek Labs announced in October that it obtained a Virtual Asset Service Provider license from the Dubai Virtual Assets Regulatory Authority (VARA) to launch a regulated exchange in the country. Sun disclosed his history with FTX during the regulatory application process, according to the Wall Street Journal.
NFT Boom: CryptoPunks Collection Shines With 900% Trading Volume Increase
The non-fungible token (NFT) industry has predominantly experienced a decline in trading activity since the beginning of the year, but the market appears to be currently undergoing a noteworthy and positive transformation. Based on on-chain data, one of the major collections that seems to be leading this recent surge is the CryptoPunk non-fungible tokens. CryptoPunks, a series of 10,000 unique pixel art characters on the Ethereum blockchain.
According to data from blockchain analytics firm IntoTheBlock, there has been a substantial surge in the trading volume of the Cryptopunks NFT collection, escalating from $200,000 to well over $3 million in the previous week. The trading volume is a crucial metric that helps measure market interest, market activity, and liquidity of a non-fungible token collection.
The non-fungible token (NFT) industry has predominantly experienced a decline in trading activity since the beginning of the year, but the market appears to be currently undergoing a noteworthy and positive transformation. Based on on-chain data, one of the major collections that seems to be leading this recent surge is the CryptoPunk non-fungible tokens. CryptoPunks, a series of 10,000 unique pixel art characters on the Ethereum blockchain.
According to data from blockchain analytics firm IntoTheBlock, there has been a substantial surge in the trading volume of the Cryptopunks NFT collection, escalating from $200,000 to well over $3 million in the previous week. The trading volume is a crucial metric that helps measure market interest, market activity, and liquidity of a non-fungible token collection.
🖼 OpenSea NFT users report massive email phishing campaign
Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack and have received emails containing malicious links from attackers posing as the marketplace. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer. One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt at an email strictly dedicated to their OpenSea Application Programming Interface (API) key. “In other words, dev contacts have been exfiltrated from OpenSea and are the real target in this campaign,” the post read. The social media report came in response to OpenSea’s insistence that the platform has not been hacked and urging users not to click on links they don’t trust. Another OpenSea user took to Reddit to express confusion about the ongoing phishing campaign on Nov. 14.
Users of the major nonfungible token (NFT) marketplace OpenSea have said they are being targeted with a new email phishing attack and have received emails containing malicious links from attackers posing as the marketplace. According to social media reports, OpenSea users and developers have been targeted by various email phishing campaigns, including a fake developer account risk alert and a fake NFT offer. One OpenSea developer took to X (formerly Twitter) on Nov. 13 to report receiving a phishing attempt at an email strictly dedicated to their OpenSea Application Programming Interface (API) key. “In other words, dev contacts have been exfiltrated from OpenSea and are the real target in this campaign,” the post read. The social media report came in response to OpenSea’s insistence that the platform has not been hacked and urging users not to click on links they don’t trust. Another OpenSea user took to Reddit to express confusion about the ongoing phishing campaign on Nov. 14.
NFT Boom: CryptoPunks Collection Shines With 900% Trading Volume Increase
The non-fungible token (NFT) industry has predominantly experienced a decline in trading activity since the beginning of the year, but the market appears to be currently undergoing a noteworthy and positive transformation. Based on on-chain data, one of the major collections that seems to be leading this recent surge is the CryptoPunk non-fungible tokens. CryptoPunks, a series of 10,000 unique pixel art characters on the Ethereum blockchain.
According to data from blockchain analytics firm IntoTheBlock, there has been a substantial surge in the trading volume of the Cryptopunks NFT collection, escalating from $200,000 to well over $3 million in the previous week. The trading volume is a crucial metric that helps measure market interest, market activity, and liquidity of a non-fungible token collection.
The non-fungible token (NFT) industry has predominantly experienced a decline in trading activity since the beginning of the year, but the market appears to be currently undergoing a noteworthy and positive transformation. Based on on-chain data, one of the major collections that seems to be leading this recent surge is the CryptoPunk non-fungible tokens. CryptoPunks, a series of 10,000 unique pixel art characters on the Ethereum blockchain.
According to data from blockchain analytics firm IntoTheBlock, there has been a substantial surge in the trading volume of the Cryptopunks NFT collection, escalating from $200,000 to well over $3 million in the previous week. The trading volume is a crucial metric that helps measure market interest, market activity, and liquidity of a non-fungible token collection.
🖼 Game distributor G2A opens gaming-focused NFT marketplace
Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by adding gaming NFTs to its wider collection of gaming software. According to a press release sent to Cointelegraph, the new venture launched on Nov. 15 is aimed at giving exposure to Web3 and NFT games that the G2A team has curated. With this, gamers will have the chance to see what blockchain gaming offers and be shown NFTs from games partnered with G2A. Bartosz Skwarczek, the CEO of the G2A Capital Group, said in a statement that the company has been following the development of the blockchain gaming sector since the advent of NFT gaming project Cryptokitties. As it watched, it discovered that gamers already engage with the sector despite some believing gamers hate crypto. Because of this, the game vendor launched G2A Geekverse to provide an online space for fans of Web3 games. Skwarczek added that within this space, gamers will “find information about the best Web3 games” and “have the opportunity to buy and sell digital assets associated with these games.”. Traditional gaming distributors have been warming up to Web3 gaming since 2023.
Digital game vendor G2A has recently launched a marketplace for nonfungible tokens (NFTs) linked to Web3 games to expand its offerings by adding gaming NFTs to its wider collection of gaming software. According to a press release sent to Cointelegraph, the new venture launched on Nov. 15 is aimed at giving exposure to Web3 and NFT games that the G2A team has curated. With this, gamers will have the chance to see what blockchain gaming offers and be shown NFTs from games partnered with G2A. Bartosz Skwarczek, the CEO of the G2A Capital Group, said in a statement that the company has been following the development of the blockchain gaming sector since the advent of NFT gaming project Cryptokitties. As it watched, it discovered that gamers already engage with the sector despite some believing gamers hate crypto. Because of this, the game vendor launched G2A Geekverse to provide an online space for fans of Web3 games. Skwarczek added that within this space, gamers will “find information about the best Web3 games” and “have the opportunity to buy and sell digital assets associated with these games.”. Traditional gaming distributors have been warming up to Web3 gaming since 2023.
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🖼 Bazooka Tango Raises $5 Million to Revive 'Shardbound' as NFT Game
Bazooka Tango, a studio formed by former developers of the fantasy MOBA game Vainglory, has secured $5 million in a new round of funding led by Bitkraft Ventures, the game studio announced Thursday. RW3 Ventures, Sfermion, and 1Up Ventures also participated in the round. Bazooka Tango plans to use the fresh funding to expand its team and further development on its upcoming title, Shardbound, which has committed to launch on the upcoming Immutable zkEVM network. “Amid an incredibly challenging year for VC funding, it speaks volumes to the quality of our games,” said Bazooka Tango CEO Bo Daly in a statement in response to the funding news. “We are focused on expanding our team in critical disciplines essential for launching and growing the Shardbound universe,” Daly added. Shardbound is a mix of an NFT trading card game and a turn-based player-versus-player RPG, where players must place characters strategically onto a tiled board. But the game was very much incomplete when Bazooka Tango took it over from its indie developers at Spiritwalk Games, who had left many art assets unfinished.
Bazooka Tango, a studio formed by former developers of the fantasy MOBA game Vainglory, has secured $5 million in a new round of funding led by Bitkraft Ventures, the game studio announced Thursday. RW3 Ventures, Sfermion, and 1Up Ventures also participated in the round. Bazooka Tango plans to use the fresh funding to expand its team and further development on its upcoming title, Shardbound, which has committed to launch on the upcoming Immutable zkEVM network. “Amid an incredibly challenging year for VC funding, it speaks volumes to the quality of our games,” said Bazooka Tango CEO Bo Daly in a statement in response to the funding news. “We are focused on expanding our team in critical disciplines essential for launching and growing the Shardbound universe,” Daly added. Shardbound is a mix of an NFT trading card game and a turn-based player-versus-player RPG, where players must place characters strategically onto a tiled board. But the game was very much incomplete when Bazooka Tango took it over from its indie developers at Spiritwalk Games, who had left many art assets unfinished.
China declares stealing digital collections like NFTs liable for criminal theft sentence
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.”
The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft.
The Chinese government says theft of digital collections violates the protection law and interests of the crime of illegally obtaining computer information system data. It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or digital property. However, the statement stresses that the third view, which sees digital collections as both data and virtual property, would fall under the umbrella of “co-offending.”
The statement explained that stealing a digital collection includes intrusion into the system on which it is housed, therefore also committing the crime of illegally obtaining computer information system data and theft.
❕ Shemaroo Entertainment collaborates with The Sandbox
According to an official release, Shemaroo Entertainment Limited, a media and entertainment conglomerate, announced its collaboration with The Sandbox, a decentralised gaming virtual world and a subsidiary of Animoca Brands, set within BharatBox, a cultural metaverse hub in The Sandbox featuring artists and brands from India’s entertainment industry. The Sandbox is a testament to Shemaroo’s plan to bring innovation and embrace the future of entertainment. Shemaroo’s foray into digital collectibles and non-fungible tokens (NFTs) is expected to have secured its presence in the metaverse. Together with BharatBox, this venture plans to reinvent entertainment, infusing Bollywood IPs such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue and 22 Yards, among others, offering fans a virtual engagement. Furthermore, “This partnership is not just about bringing Bollywood to the metaverse but celebrating the cinematic history of India in a space that can redefine the future,” .Shemaroo’s foray into digital collectibles and non-fungible tokens (NFTs) is expected to have secured its presence in the metaverse.
According to an official release, Shemaroo Entertainment Limited, a media and entertainment conglomerate, announced its collaboration with The Sandbox, a decentralised gaming virtual world and a subsidiary of Animoca Brands, set within BharatBox, a cultural metaverse hub in The Sandbox featuring artists and brands from India’s entertainment industry. The Sandbox is a testament to Shemaroo’s plan to bring innovation and embrace the future of entertainment. Shemaroo’s foray into digital collectibles and non-fungible tokens (NFTs) is expected to have secured its presence in the metaverse. Together with BharatBox, this venture plans to reinvent entertainment, infusing Bollywood IPs such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue and 22 Yards, among others, offering fans a virtual engagement. Furthermore, “This partnership is not just about bringing Bollywood to the metaverse but celebrating the cinematic history of India in a space that can redefine the future,” .Shemaroo’s foray into digital collectibles and non-fungible tokens (NFTs) is expected to have secured its presence in the metaverse.
Global Mofy Metaverse Limited Accredited for iQIYI’s Leap Project
Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced the Company has been accredited for the so-called “Leap Project” of iQIYI INC (“iQIYI”), a leading provider of online entertainment video services in China.
Global Mofy Metaverse has been officially selected to join a strategic collaboration with iQIYI through a two-year partnership agreement (the “Agreement”), which establishes the Company as an accredited visual effects supplier within IQIYI's ecosystem, specifically focusing on delivering virtual technology services. The Company expects to sign a formal collaboration agreement with iQIYI early next month. The terms of the Agreement have been settled.
Global Mofy Metaverse Limited (the "Company" or “Global Mofy Metaverse”) (NASDAQ: GMM), a technology solutions provider engaged in virtual content production, digital marketing, and digital assets development for the metaverse industry, today announced the Company has been accredited for the so-called “Leap Project” of iQIYI INC (“iQIYI”), a leading provider of online entertainment video services in China.
Global Mofy Metaverse has been officially selected to join a strategic collaboration with iQIYI through a two-year partnership agreement (the “Agreement”), which establishes the Company as an accredited visual effects supplier within IQIYI's ecosystem, specifically focusing on delivering virtual technology services. The Company expects to sign a formal collaboration agreement with iQIYI early next month. The terms of the Agreement have been settled.
🇹🇼 Jorjin combines AR with healthcare to build Taiwan's first 'optometry X metaverse center'
A groundbreaking collaboration has emerged between Jorjin, a provider of augmented reality technology, and the Department of Optometry at the Central Taiwan University of Science and Technology (CTUST). This partnership marks a significant step in the integration of healthcare and digital advancement, leading to the establishment of Taiwan’s inaugural optometry center dedicated to exploring the metaverse’s potential. This union signifies a bold venture into uncharted territory, melding the precision of optometry with the boundless possibilities of the metaverse. The initiative is not just a first for Taiwan but also sets a global precedent for the application of augmented reality within the field of eye care. The collaboration is driven by a mutual recognition of the transformative impact such technology could have on both education and the treatment of visual impairments. Such a pioneering project reflects the digital zeitgeist, where virtual and augmented realities are increasingly intersecting with diverse professional fields.
A groundbreaking collaboration has emerged between Jorjin, a provider of augmented reality technology, and the Department of Optometry at the Central Taiwan University of Science and Technology (CTUST). This partnership marks a significant step in the integration of healthcare and digital advancement, leading to the establishment of Taiwan’s inaugural optometry center dedicated to exploring the metaverse’s potential. This union signifies a bold venture into uncharted territory, melding the precision of optometry with the boundless possibilities of the metaverse. The initiative is not just a first for Taiwan but also sets a global precedent for the application of augmented reality within the field of eye care. The collaboration is driven by a mutual recognition of the transformative impact such technology could have on both education and the treatment of visual impairments. Such a pioneering project reflects the digital zeitgeist, where virtual and augmented realities are increasingly intersecting with diverse professional fields.
💰 Solana's Top NFT Project Just Pumped 122% in a Week
Solana (SOL) has seen a wild pump lately, more than doubling over the past month and hitting an 18-month high earlier this week. But it’s not just SOL that’s on the way up—the network’s top NFT project has also seen a rapid rise in value of late, registering a price climb of more than 100% in just the last seven days alone. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. That makes it the most valuable Solana collection by floor and also by market cap based on that floor price, which ultimately tops $57 million. This week, Mad Lads's price jumped even higher, above $6,000 worth of Solana. Not only was this notable for the price of the assets themselves, but also because the Mad Lads floor briefly surpassed that of DeGods. Mad Lads has registered the third-most trading volume of any NFT project over the last week, per data from CryptoSlam.
Solana (SOL) has seen a wild pump lately, more than doubling over the past month and hitting an 18-month high earlier this week. But it’s not just SOL that’s on the way up—the network’s top NFT project has also seen a rapid rise in value of late, registering a price climb of more than 100% in just the last seven days alone. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. According to blockchain data compiled by SolanaFloor, the floor price of a Mad Lads NFT has jumped 122% over the past week to 100 SOL, or about $5,750 at present. That makes it the most valuable Solana collection by floor and also by market cap based on that floor price, which ultimately tops $57 million. This week, Mad Lads's price jumped even higher, above $6,000 worth of Solana. Not only was this notable for the price of the assets themselves, but also because the Mad Lads floor briefly surpassed that of DeGods. Mad Lads has registered the third-most trading volume of any NFT project over the last week, per data from CryptoSlam.
🔫 ZTX Unveils Global Metaverse Gaming Competition, Offering $ZTX Rewards
ZTX, a pioneering Web3 virtual world and creator platform, has initiated a strategic global partnership to launch an innovative competition. This initiative allows speculators to engage in metaverse gaming predictions for the opportunity to win ZTX rewards. The campaign, organized by ZGM, a global metaverse influencer management and content creation company, is set to debut during the Yield Guild Games Web3 Games Summit in Manila.
Participants in the competition have the opportunity to speculate on the outcomes of metaverse games by holding certain amounts of ZTX tokens in their wallets. The betting process is facilitated through the ZTX Discord server, and there is no direct payment or fee required for participation. Successful players stand a chance to win portions of a prize pool exceeding $20,000 USD worth of ZTX tokens at current trading prices.
ZTX, a pioneering Web3 virtual world and creator platform, has initiated a strategic global partnership to launch an innovative competition. This initiative allows speculators to engage in metaverse gaming predictions for the opportunity to win ZTX rewards. The campaign, organized by ZGM, a global metaverse influencer management and content creation company, is set to debut during the Yield Guild Games Web3 Games Summit in Manila.
Participants in the competition have the opportunity to speculate on the outcomes of metaverse games by holding certain amounts of ZTX tokens in their wallets. The betting process is facilitated through the ZTX Discord server, and there is no direct payment or fee required for participation. Successful players stand a chance to win portions of a prize pool exceeding $20,000 USD worth of ZTX tokens at current trading prices.
🔫 Shemaroo Entertainment Enters the Metaverse with BharatBox Collaboration
Shemaroo Entertainment, a prominent media and entertainment conglomerate, has announced its collaboration with The Sandbox, a decentralised gaming virtual world under Animoca Brands. This strategic alliance unfolds within BharatBox, an emerging cultural metaverse hub in The Sandbox, featuring renowned artists and brands from India’s entertainment industry. non-fungible tokens (NFTs) marks a significant step in establishing its footprint in the metaverse. The collaboration with BharatBox aims to revolutionize entertainment by incorporating iconic Bollywood intellectual properties (IPs) such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue, 22 Yards, and more. This venture offers fans a unique virtual engagement with beloved characters, blurring the lines between reel-life entertainment and real-life experiences. Arghya Chakravarty, Chief Operating Officer of Shemaroo Entertainment, expressed that the collaboration with The Sandbox exemplifies Shemaroo’s dedication to innovation and its forward-looking approach to entertainment. By merging the world of Bollywood with the groundbreaking metaverse of BharatBox, the collaboration aims to provide fans with an immersive journey into the heart of Indian cinema.
Shemaroo Entertainment, a prominent media and entertainment conglomerate, has announced its collaboration with The Sandbox, a decentralised gaming virtual world under Animoca Brands. This strategic alliance unfolds within BharatBox, an emerging cultural metaverse hub in The Sandbox, featuring renowned artists and brands from India’s entertainment industry. non-fungible tokens (NFTs) marks a significant step in establishing its footprint in the metaverse. The collaboration with BharatBox aims to revolutionize entertainment by incorporating iconic Bollywood intellectual properties (IPs) such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue, 22 Yards, and more. This venture offers fans a unique virtual engagement with beloved characters, blurring the lines between reel-life entertainment and real-life experiences. Arghya Chakravarty, Chief Operating Officer of Shemaroo Entertainment, expressed that the collaboration with The Sandbox exemplifies Shemaroo’s dedication to innovation and its forward-looking approach to entertainment. By merging the world of Bollywood with the groundbreaking metaverse of BharatBox, the collaboration aims to provide fans with an immersive journey into the heart of Indian cinema.
🔫 Metaverse Market is expected to grow at a CAGR of 50.1% during the forecasted period
Metaverse Market size accounted for USD 85.2 Billion in 2023, growing at a CAGR of 50.1% from 2023 to 2033. The term "Metaverse" refers to a collective virtual shared space that is created by the convergence of physical and virtual reality. It is a space where users can interact with a computer-generated environment and other users through the use of augmented reality (AR), virtual reality (VR), and other immersive technologies. In the Metaverse, users can engage in various activities, such as socializing, working, gaming, and more. The development of more powerful hardware, better graphics, and improved networking infrastructure has fueled the growth of the Metaverse. The widespread availability of high-speed internet and the proliferation of smartphones and other connected devices have facilitated increased connectivity, making it easier for users to access and engage with the Metaverse. The desire for enhanced social interaction and connection in virtual spaces has driven the popularity of social VR platforms and virtual worlds.
Metaverse Market size accounted for USD 85.2 Billion in 2023, growing at a CAGR of 50.1% from 2023 to 2033. The term "Metaverse" refers to a collective virtual shared space that is created by the convergence of physical and virtual reality. It is a space where users can interact with a computer-generated environment and other users through the use of augmented reality (AR), virtual reality (VR), and other immersive technologies. In the Metaverse, users can engage in various activities, such as socializing, working, gaming, and more. The development of more powerful hardware, better graphics, and improved networking infrastructure has fueled the growth of the Metaverse. The widespread availability of high-speed internet and the proliferation of smartphones and other connected devices have facilitated increased connectivity, making it easier for users to access and engage with the Metaverse. The desire for enhanced social interaction and connection in virtual spaces has driven the popularity of social VR platforms and virtual worlds.
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🔫 AR-glasses maker Rokid closes $112M round to expand metaverse products
Hangzhou, China-headquartered augmented reality glasses maker Rokid Inc. today announced that it has closed a strategic investment round led by NetDragon Websoft Holdings Ltd., bringing its Series C funding round to $112 million. According to a report from Bloomberg, the cash infusion from the newest investor NetDragon brings the valuation for Rokid to $1 billion. The company will use the new funds to expand its reach overseas. NetDragon specializes in education and massively multiplayer games, with a focus on what are called “metaverse” technologies, which are highly immersive 3D spaces where users can interact, work, shop and play. This technology dovetails tightly with AR as it overlays holographic computer-generated graphics onto the real world, creating “mixed reality” experiences that allow people to interact with computer environments for education and gaming. Founded in 2014, Rokid develops augmented reality glasses and a fully open-source artificial intelligence voice interactive operating system YodaOS. The company released its first voice interaction product in 2016 and has since built up a large portfolio of AR glasses aimed at the industrial and consumer clientele.
Hangzhou, China-headquartered augmented reality glasses maker Rokid Inc. today announced that it has closed a strategic investment round led by NetDragon Websoft Holdings Ltd., bringing its Series C funding round to $112 million. According to a report from Bloomberg, the cash infusion from the newest investor NetDragon brings the valuation for Rokid to $1 billion. The company will use the new funds to expand its reach overseas. NetDragon specializes in education and massively multiplayer games, with a focus on what are called “metaverse” technologies, which are highly immersive 3D spaces where users can interact, work, shop and play. This technology dovetails tightly with AR as it overlays holographic computer-generated graphics onto the real world, creating “mixed reality” experiences that allow people to interact with computer environments for education and gaming. Founded in 2014, Rokid develops augmented reality glasses and a fully open-source artificial intelligence voice interactive operating system YodaOS. The company released its first voice interaction product in 2016 and has since built up a large portfolio of AR glasses aimed at the industrial and consumer clientele.
