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​🖼 Meta-Builders Unveils Platform to Connect Web3 Developers with Businesses for NFT and Metaverse Integration

Meta
-Builders, a prominent player in the Web3 development industry, has introduced a novel means for freelancers in this domain to establish connections with business owners keen on integrating NFTs and metaverse environments into their operations. This development serves as a boon for freelancers with expertise spanning a spectrum of Web3 applications, encompassing NFTs, smart contracts, and metaverse constructs. Despite the initial fervor surrounding metaverse projects appearing to have somewhat subsided, data from Metaversed suggests that there still exist a staggering 400 million active users worldwide. With more than 70% of Americans either contemplating or already immersed in this virtual realm, it is anticipated that by 2026, a quarter of Americans will devote a portion of their daily lives to the metaverse, according to research findings compiled by METAV.RS. venturing into the world of Web3 development necessitates a profound understanding of niche domains like blockchain programming and smart contract integrations.
The District of Columbia Court of Appeals has sided with Grayscale in a lawsuit against the SEC which had denied the company’s application to convert the Grayscale Bitcoin Trust to an ETF.

The crypto markets surged on the news, as the ruling has paved the way for Bitcoin exchange-traded funds.
​🇬🇧 UK risks regulating NFTs the wrong way, says Mintable CEO

The
United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks.   In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates the role NFTs play in copyright infringement and fails to recognize that they are more than just volatile digital pictures. “NFTs are in a transition phase where they’re moving away from the speculative boom of PFPs, and now it’s going into utilities of brands implementing NFTs across a whole range of different things,” Burks explained. In the Oct. 11 report, the Culture, Media and Sport Committee urged the government to take action to protect artists and content creators from copyright infringement associated with NFTs. Burks acknowledged that copyright protections and intellectual property rights for artists are of paramount importance, pointing to Mintable’s own IP protection algorithm it uses to prevent plagiarism on its platform. However, he explained that while these issues should be a top priority for all NFT platforms.
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Telegram, the widely used chat application for 800 million monthly active users, has unveiled TON Space, a self-custodial cryptocurrency wallet.

Self-custodial wallets are gaining immense popularity due to their robust security features.

Unlike centralized counterparts, where users entrust their private keys to third-party servers, self-custodial wallets place full control of funds in the hands of users.

While the global rollout of TON Space is scheduled for November, it will not be accessible in certain regions, including the United States.
​🔫 Animoca Brands Bolsters Metaverse Gaming Through Azarus Acquisition

Animoca
Brands recently revealed their acquisition of Azarus, a pioneering Web3 streaming platform. The purchase of a majority stake in Azarus marks an effort to seamlessly integrate Azarus’ innovative blockchain-based game streaming technology into Animoca Brands’ extensive portfolio, thereby amplifying the streaming capabilities within the realm of Web3 games. While the financial details of this acquisition remain undisclosed, it signifies Animoca Brands’. Animoca Brands has a history of substantial investments in numerous Web3 game companies, and this latest endeavor aligns with their broader vision of harnessing Web3 technology to cultivate a player-owned economy. Their overarching goal is to empower creators, gamers, and streamers with the ability to exercise control over their digital property rights. By uniting Azarus’ proficiency in blockchain-driven game streaming with Animoca Brands’ extensive experience in digital game development and publishing, the collaboration aims to expedite a significant transformation in gaming culture, with Web3 at its core.
OpenAI, the creators of ChatGPT, announced on Thursday a significant enhancement to its ChatGPT platform.

Users will soon be able to tailor the responses of the AI chatbot to better align with their preferences without having to repeat those needs each time.

This new feature, termed “custom instructions,” encourages users to more clearly define the parameters for ChatGPT’s replies.

The introduction of custom instructions is a stride towards a more individualized AI experience, but it does come at a cost — users will need to choose between convenience and maintaining their privacy.
​🖼 ATP Tour Releases Customizable Tennis Posters as NFTs

The
ATP (Association of Tennis Professionals) has joined forces with the digital art platform Artchild to introduce “POSTERS,” a collection of limited-edition tennis posters that can be customized by fans. The collaboration is set to make its debut at the season-ending Nitto ATP Finals, taking place from Nov. 12 to 19, and will feature an official poster designed by acclaimed artist Honor Titus.  Honor Titus, a visual artist hailing from Los Angeles, California, is not only known for his artistic prowess but also for his deep passion for tennis.  “POSTERS” apart is the interactive element it offers to fans. Through the Artchild digital canvas and artist-curated color palettes, tennis enthusiasts will have the opportunity to customize and purchase their own versions of the Nitto ATP Finals Official Poster. Each customized poster will come to life as a physical print, carefully packaged and shipped to fans’ homes. In a nod to the digital age, every poster will also be accompanied by an NFT on the Polygon blockchain. A select number of these fan-customized posters will be prominently displayed at the Pala Alpitour arena. The official poster, in its original design by Honor Titus, along with its digital counterpart, will be exclusively available for purchase during the 2023 Nitto ATP Finals.
UK risks regulating NFTs the wrong way, says Mintable CEO

The United Kingdom’s government is in danger of regulating nonfungible tokens (NFTs) in a way that doesn’t suit the true nature of the nascent technology, says Mintable CEO and founder Zach Burks. In an interview with Cointelegraph, Burks said he believes a recent report from a U.K. parliamentary committee significantly exaggerates the role NFTs play in copyright infringement and fails to recognize that they are more than just volatile digital pictures.
​🖼 Treehouse Acquires Origins to Expand Into NFT Analytics

Treehouse, a Web3 company transforming digital assets data into actionable insights for professional investors and institutions, announced the intellectual property (IP) acquisition of Origins Analytics to bolster its non-fungible token (NFT) product offering Origins, an enterprise-grade NFT analytics platform, raised US$4M in 2022 and had a robust community of 10,000+ users. The company's software utilizes both on- and off-chain data to enable experienced NFT traders, protocols, and game studios to make informed decisions. The acquisition comes amidst a bear market and increasing consolidation in the space—a testament to Treehouse's commitment to Web3 analytics. The firm last raised US$18M in its seed round in 2021 from leading venture capital (VC) and strategic investors, including Lightspeed, MassMutual, Binance, Mirana, LeadBlock, Jump, GSR, Wintermute, and more. With a strong balance sheet, the company is currently assessing mergers and acquisitions (M&A) opportunities in its mission to become "The Most Comprehensive Digital Asset Analytics Platform.". "Treehouse is excited to make this move into NFT analytics. This strategic acquisition underscores our commitment to our clients, many of whom have NFT exposures.
Sam Bankman-Fried has been found guilty on all seven charges of fraud and conspiracy by the jury.

Sentencing is set for March 28th, 2024. The counts carry a maximum sentence of 110 years.
​🖼 Nike-RTFKT's crypto universe nears $1.4 billion in NFT trading as sneakerheads swoon

The
primary example of that may be Nike and RTFKT's non-fungible token universe which has, in less than two years, while facing a bear market much of the time, generated more than one billion dollars in trading volume and more than one hundred million dollars in earnings. Since December 2021, Nike-RTFKT NFTs have spurred close to $1.4 billion in trading volume, according to The Block Research data. While the majority of those numbers are thanks to the success of the CloneX collection, which launched during the height of crypto's bull run, the volume and earnings of the other collections is still noteworthy. In some cases owning the NFTs has unlocked the opportunity for consumers to order limited-edition Nike's that come with a special authenticating tag embedded in the shoes. Thousands of sneakerheads, and even NBA great LeBron James, have jumped on the opportunity. "The quality is really, really, really good. I'd say better than any of the other Nike shoes that I have," said photographer Frankie Sutera, a long-time sneaker collector and NFT enthusiast living in Utah.
SafeMoon founders Braden John Karony and Thomas Smith have been arrested and charged with fraud.

The SEC filed a lawsuit against the crypto company today (Nov. 1), accusing them of a massive fraudulent scheme through the SafeMoon token.

Prosecutors say the executives lied to investors about locking up SafeMoon liquidity and allegedly used millions of dollars to purchase real estate and luxury cars.

Karony, Smith, and the third executive, Kyle Nagy, were charged with conspiracy to commit securities fraud, conspiracy to commit wire fraud and money laundering conspiracy.
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​🔫 Metaverse Faces Uphill Battle Due to Limited Use Cases, Says GlobalData

The
much-hyped metaverse, a virtual world where users share experiences and interact in real-time within simulated scenarios, is encountering significant obstacles on its path to widespread adoption, according to a report from GlobalData, a prominent data and analytics company. GlobalData’s latest report, titled “Metaverse – Thematic Intelligence,” points to several challenges that the metaverse is grappling with, including limited knowledge of the theme, unimpressed consumers. “The metaverse theme has lost its luster due to limited use cases and the limitations of underlying technologies like blockchain, augmented reality (AR), virtual reality (VR), and digital twins. Without improvements in these technologies, the metaverse will continue to disappoint,” Rupantar Guha, Principal Analyst at GlobalData’s Thematic Intelligence team, said. Technology companies need to develop user-friendly interfaces that seamlessly merge real and virtual environments while ensuring user safety and comfort during extended usage. He also stressed the importance of offering a diverse range of content to keep users engaged. Companies that confine themselves to a single content type risk limiting their revenue opportunities in the long run.
OpenSea cuts half of employees as CEO announces new direction

NFT marketplace OpenSea is letting go of half of its employees as the firm plots a major redirection. The firm is creating a new foundation to foster innovation, OpenSea co-founder and CEO Devin Finzer wrote in a social media thread. Doing so requires "shifting to a smaller team with a direct connection to users." The move is a part of the firm's push toward the so-called "OpenSea 2.0," which focuses on product upgrades to technology, reliability, speed, quality and experience.
​🖼 Nike-RTFKT NFT Universe Soars to $1.4 Billion in Trading

The
collaboration between Nike and digital art studio RTFKT has ushered in a new chapter in NFT trading, with their collections nearing a $1.4 billion volume. With earnings soaring to $170 million, this partnership highlights the burgeoning intersection of digital assets and physical merchandise. The recent frenzy was catalyzed by a forging event allowing NFT holders to order limited-edition Nike-RTFKT shoes, sparking a 600% trading surge. Nike-RTFKT offerings, with special events granting NFT holders exclusive access to tangible products. The recent forging for Dunk Genesis Cryptokicks led to a spike in trading activity. In October alone, trades for the requisite NFTs climbed to over half a million dollars. Additionally, the market response to the physical sneakers was equally strong, with aftermarket sales on platforms such as eBay fetching prices upwards of four times the initial cost.  Nike and RTFKT’s digital venture stands as a testament to the effective merger of NFT technology with traditional consumer goods, enhancing not only the value but also the authenticity of sneakers for collectors worldwide. As this blend of the physical and digital worlds takes a firmer root, it is clear that the landscape of collectible footwear is undergoing a significant transformation.
OpenSea cuts half of employees as CEO announces new direction

NFT marketplace OpenSea is letting go of half of its employees as the firm plots a major redirection. The firm is creating a new foundation to foster innovation, OpenSea co-founder and CEO Devin Finzer wrote in a social media thread. Doing so requires "shifting to a smaller team with a direct connection to users." The move is a part of the firm's push toward the so-called "OpenSea 2.0," which focuses on product upgrades to technology, reliability, speed, quality and experience.
​🔫 ‘Industrial metaverse can solve real-world problems in factories’

The
idea of an industrial metaverse has attracted much interest in recent months. It describes a highly immersive and connected virtual and physical reality enabling never-before-seen levels of connectivity and data analytics. “Indian companies have a unique opportunity to accelerate their digital transformation with Siemens Xcelerator portfolio which includes latest technologies such as industrial AI, industrial edge, digital twin and 5G,” says Peter Koerte, chief technology officer & strategy officer, Siemens AG. On a recent visit, Koerte and Sunil Mathur, MD & CEO, Siemens India, spoke to Sudhir Chowdhary on some of the megatrends and digital use cases on Siemens Xcelerator. How do you envision the integration of the industrial metaverse with traditional manufacturing processes? Peter Koerte: The industrial metaverse helps industry become much faster, more flexible, and also more sustainable. We recently built a brand-new factory, but that new factory was first built as a digital twin where we had optimised every machine, every workflow, and every material flow. As a result, our workers already knew how to operate the machines. By the time we started this new factory, it was already 20% more productive. Since we have the digital layout and we can seamlessly combine the real and the digital world, this synergy allows us to achieve 40% increase in flexibility
Gary Vee took to the stage at a real estate conference recently where he was asked about NFTs and where he sees them going in the next 3-5 years.
​🔫 Gucci Cosmos Land Opens in The Sandbox Metaverse Game

Luxury
fashion house Gucci has brought its archival exhibition in London to the metaverse, opening Gucci Cosmos Land in The Sandbox virtual world game. The digital experience allows visitors to explore decades of Gucci history and iconic designs through an interactive journey, the company announced Wednesday. Originally envisioned by artist Es Devlin and curated with archival Gucci designs by Maria Luisa Frisa, Gucci Cosmos Land evokes the real-world Cosmos exhibition. "Gucci Cosmos Land is a new way for fashion and history lovers alike to access the iconic London-based exhibition from anywhere in the world," said Sebastien Borget, COO and co-founder of The Sandbox, in the announcement. "It will allow visitors to immerse themselves into Gucci's past, present, and future." The metaverse activation serves as an homage to Gucci's origins and continued innovation since being founded in 1921. Gucci founder Guccio Gucci drew inspiration working as a porter at The Savoy Hotel in London in the late 19th century before launching what would become an iconic luxury brand. Ethereum-based metaverse game that allows players to purchase virtual land via NFTs and develop their own games and experiences.
Individual creators will ultimately shape the metaverse: Sandbox founders

Individual creators and brands will ultimately determine the future of the metaverse, not a centralized entity, according to the co-founders of The Sandbox.The team behind the Ethereum-based metaverse announced on X (formerly Twitter) it had made The Sandbox Map accessible to everyone, where “LAND” owners can publish their own experiences without needing to partake in an application process (which was previously required).