Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection

Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection

The well known playing card manufacturer Bicycle has announced the launch of the company’s first non-fungible token (NFT) collection. The NFT card collectibles called the “Genesis Collection” were designed by the artist Adrian Valenzuela and the first drop of NFTs were officially revealed via the NFT marketplace Kolectiv on Thursday.

Bicycle Playing Card Manufacturer Aims to Bridge the Gap Between Tradition and Innovation

When it comes to playing cards, the name Bicycle has been a popular brand since the company’s inception in 1885. The card’s official name Bicycle was chosen because the bicycle was an extremely popular invention at the end of the 19th century. Now close to 136 years later, Bicycle is entering the world of blockchain technology with its first non-fungible token (NFT) collection. The artwork designed by Adrian Valenzuela represents iconic Bicycle playing cards but they transformed into cards from 1,000 years into the future.

“At Bicycle, we’re a heritage brand that has been at the forefront of playing cards for over 135 years and this NFT launch marks a special moment in our history where we’re bridging the gap between tradition and innovation,” Stefaan Merckx, the CEO of Bicycle said in a statement. “Looking ahead, we’ll continue to reach new consumers and generations, while also staying true to our history.”

Aces, Jokers, and NFTs: Playing Card Manufacturer Bicycle Launches NFT Genesis Collection

According to the firm, the new collection will start the collector on a “journey alongside Bicycle, from continued support to perks including access to exclusive events, presales, and whitelists of future Bicycle NFTs.” Essentially, the cards will serve as VIP membership, Bicycle details, to an “elite club of Bicycle collectors.” However, Bicycle does disclose that the primary sale benefit will not be “extended for NFT buyers on [the] secondary market.” The auction started on Thursday via the NFT marketplace Kolectiv.

Bicycle Joins a Slew of Well Known Brands Jumping on the NFT Bandwagon

Bicycle cards, ten through the Ace, and the Jokers, will be dropped in groups every couple of days. Jokers will be issued in a surprise fashion and Bicycle intends to drop 8,008 NFT items for sale on December 16th as well. These specific cards will feature “an animated card tuck case and unique mint numbers from 1 through 8,008,” Bicycle explains. Besides crypto payments, the Bicycle card NFTs can be purchased with USD via a Shopify plug-in.

“The NFT launch demonstrates how Bicycle is leading the way for others as we continue to innovate and, in addition to introducing new tools that make our cards more digital and accessible, segue into a new era targeting younger generations,” said Ann Viaene, Bicycle’s CMO. “We’re focused on unlocking magical moments that foster connection and delighting our fans with new releases.”

Bicycle follows a slew of well known companies getting into NFTs like Pepsi-Cola, Budweiser, Adidas, Coca-Cola, Rolling Stone, TIME, Arizona Iced Tea, Ubisoft, AMC, Sony, Fox Entertainment, WWE, Studio 54, Disney, Marvel, DC Comics, and more. Since the start of 2021 and leading up to the end of the year, NFTs have become a multi-billion dollar industry.

What do you think about Bicycle’s NFT collection? Let us know what you think about this subject in the comments section below.

Rarible Plots Multi-Chain NFT Long term With Ethereum, Stream, Tezos and Far more

In brief

  • Rarible announced strategies this week to guidance Tezos NFTs, signing up for recent platforms Ethereum and Solana.
  • The platform, which also a short while ago launched a messenger services, also options to increase Solana and Polygon assistance.

NFT marketplace Rarible could show up equivalent to foremost rival OpenSea at a glance, but it has taken a different approach towards serving electronic collectors. Rarible’s RARI governance token gives end users a say in its foreseeable future and stake in its good results, for illustration. However, the market is also pushing more rapidly for a multi-chain long run over and above the major current network for NFTs, Ethereum.

In November, Rarible launched assistance for Move, Dapper Labs’ burgeoning blockchain community that plays host to NBA Best Shot. And past 7 days, the market declared ideas to increase guidance for Tezos NFTs in mid-December.

Tezos doesn’t have any where around the degree of NFT trading quantity of Ethereum, but it hosts a vibrant crypto art group and has been supported by creators like blue chip NFT artist XCOPY and Linkin Park member Mike Shinoda. Its largest NFT market, Hic et Nunc, lately shut down, but an equivalent “mirror” market was recreated inside times.

Bringing the Ethereum, Circulation, and quickly Tezos NFT ecosystems with each other tends to make Rarible one of a kind, uniting three layer-1 blockchains under a single umbrella.

FTX US at the moment supports Ethereum and the rising Solana NFT ecosystem, although OpenSea supports Ethereum, Klaytn (popular in South Korea), and layer-2 Ethereum scaling solution Polygon. OpenSea, for its component, announced strategies earlier this yr to guidance each Circulation and Tezos, but neither integration has occur to fruition nonetheless.

“For now, we’re the only marketplace that supports various layer-1 chains,” Rarible CEO and co-founder Alexei Falin instructed Decrypt last week at NFT BZL in Miami. “Most other marketplaces just aid layer-2 chains these types of as Polygon, which we will roll out quite shortly, as properly.”

Falin also verified that guidance for Solana is “very close” on their roadmap as properly. Solana support is becoming formulated internally at Rarible, whilst Tezos builders have dealt with their own implementation into the marketplace protocol. By constructing open up-resource, he claimed, it is much easier to pool means and permit blockchain creators create on leading of Rarible’s protocol.

Movement is an interesting piece of the equation. There are many builders making on the blockchain—additional than 600, says Dapper Labs—but most of those people tasks are nevertheless out on the horizon. NBA Top rated Shot has been a significant strike and Dapper has an NFL equivalent, NFL All Working day, launching quickly, but Flow’s wider NFT ecosystem could swiftly speed up once a lot more initiatives debut.

Falin explained Dapper as staying “pretty successful” at wooing intellectual residence holders to the Stream ecosystem, and called the blockchain’s long term growth a “really large opportunity” for Rarible. Users can mint their very own NFTs on Circulation with Rarible, way too, giving any individual accessibility to the progressively decentralized blockchain community, which is fewer expensive to use than Ethereum.

Rarible also just not long ago released a very first-of-its-variety crafted-in market messaging service, letting potential NFT purchasers and sellers communicate immediately through their Ethereum wallet addresses. That saves the stress of attempting to get in speak to by means of Twitter or Discord.

Rarible finally plans to spin the messenger instrument out into a standalone products that other World wide web3 builders can implement, as effectively. In this case, Falin mentioned that what advantages Rarible in the beginning can in the long run profit the whole NFT ecosystem, as effectively. “We’re making an attempt to establish products and solutions that market wants, and also the goods that Rarible desires,” he described.

Late past yr, prior to the NFT marketplace seriously took off, Rarible was building additional month to month Ethereum buying and selling volume than OpenSea. Which is no longer the situation: OpenSea has logged various $3 billion months of late, per knowledge from Dune Analytics, while Rarible’s greatest thirty day period was just higher than $21 million in buying and selling volume in August.

Falin thinks that it is however early in the NFT current market and that trends and pursuits are quickly switching, but he also instructed that Rarible is developing in a distinctive way.

Amongst its token-based local community ownership and sustaining a protocol that other applications can faucet into and make upon, Rarible is focusing on other edges that towering ETH tallies by itself can’t quantify. Monday’s information that OpenSea is setting up to at some point go community with a conventional IPO, possibly as an alternative of a token airdrop to early people, may well only enhance that see.

“We have a minor little bit various technique to OpenSea,” reported Falin. “We are trying to be a World-wide-web3-indigenous company—decentralized as a lot as we can.”

The post Rarible Plots Multi-Chain NFT Long term With Ethereum, Stream, Tezos and Far more appeared first on Soltimes.

Pepsi-Cola Celebrates the Soft Drink’s Birth Year With 1,893 Generative NFTs

Pepsi-Cola Celebrates the Soft Drink's Birth Year With 1,893 Generative NFTs

The carbonated soft drink manufacturer Pepsi has revealed the company is stepping into the world of blockchain with its first collection of non-fungible token (NFT) assets. Pepsi introduced the “Pepsi Mic Drop” genesis NFT collection on Thursday, which features 1,893 generative NFTs on the Ethereum blockchain. Pepsi aims to create a real-time community of NFT holders with the NFTs that feature designs like the classic blue Pepsi, silver Diet Pepsi, red Pepsi Wild Cherry, black Pepsi Zero Sugar, and Crystal Pepsi.

Pepsi Introduces the Company’s First NFT Collection

Pepsi-Cola is a well-known soft drink manufacturer that was created and developed back in 1893 by Caleb Bradham. When the soft drink first came out it was called “Brad’s Drink,” but was rebranded to Pepsi-Cola in 1898. These days both Pepsi-Cola and Coca-Cola are the two most popular cola-flavored drinks on the market.

In order to celebrate the birth year of Pepsi-Cola, Pepsi has launched a genesis collection of non-fungible token (NFT) collectibles. The collection is called the “Pepsi Mic Drop” genesis NFT collection and features 1,893 unique generative NFTs that feature variations of a microphone visual and iconic Pepsi flavors.

Pepsi-Cola Celebrates the Soft Drink's Birth Year With 1,893 Generative NFTs

The NFT collection from Pepsi is hosted on the web portal and Vaynernft helped the company produce the NFT collectibles. The waitlist for a wallet will start on Friday, December 10 at 12:00 p.m. (EST) and the “approved will be able to mint their Pepsi Mic Drop genesis NFT free of charge (not including Ethereum gas fees) on Tuesday, December 14 at 12:30 p.m. (EST).”

“The exclusive generative traits of the Pepsi Mic Drop genesis NFT collection, generated randomly by an algorithm so each NFT is totally unique and different, pay homage to the brand’s storied history in music and the suite of Pepsi flavors that have captivated unapologetic cola-loving consumers for decades,” Pepsi’s NFT announcement details.

“Pepsi has always been a brand with a strong heritage in music and pop culture, so it’s only fitting for us to bring that legacy into the new world of NFTs with a ‘mic drop’ of epic proportions,” Todd Kaplan, Pepsi’s vice president of marketing said in a statement sent to News. Kaplan further added:

We created the Pepsi Mic Drop genesis NFT collection for our fans, putting their interests and needs at the forefront by ensuring the NFTs are all free of charge and presented equitably as an inclusive and accessible opportunity for anyone to experience the exciting world of NFTs. This collectible series of microphones is not only inspired by our history, but also represents the scale and scope of how accessible we see this space becoming in the future.

Pepsi follows the many brands getting into the NFT space including Arizona Iced Tea, Budweiser, Coca Cola, and more. For instance, the popular American-style pale lager produced by Anheuser-Busch, Budweiser, launched 1,936 NFTs last week to celebrate the birth of the Budweiser beer can.

Adidas revealed last week as well that the sneaker and sportswear company was teaming up with Bored Ape Yacht Club (BAYC). Concluding the announcement, Pepsi says that the firm is “implementing a carbon offset program for the launch of the Pepsi Mic Drop NFT to ensure a net carbon footprint of zero.”

What do you think about the Pepsi-Cola brand getting into NFTs? Let us know what you think about this subject in the comments section below.

Terra becomes top-10 crypto: Classic ‘bull pennant’ setup paint $100 LUNA price target

Chiron’s $50-million fundraiser to back Terra-backed projects has boosted traders’ appetite for LUNA.

Terra (LUNA) faces the prospects of hitting $100 in the coming weeks as it paints a classic bull pennant structure.

In detail, Bull Pennants appear as the price trends inside a Triangle pattern after a strong move upside. Many analysts see it as a sign of bullish continuation, i.e., they think the instrument would eventually break above the Triangle’s upper trendline to resume its price rally higher.

Additionally, the profit target of a Bull Pennant structure typically comes to be equal to the length equal to the size of the previous price rally, called Flagpole, when measured from the breakout point. As it appears, LUNA has been forming a similar pattern on its lower-timeframe chart.

LUNA/USDT four-hour chart featuring Bull Pennant setup. Source: TradingView

Considering the breakout happens at the point where the Bull Pennant trendlines converge — the apex — the ideal profit target comes out to be over $22, the Flagpole height. That puts LUNA on the road to almost $100.

Supportive bullish catalysts

The bullish technical setup in the Terra market appeared as LUNA rallied nearly 65% in less than three weeks to become the tenth-largest cryptocurrency by market capitalization.

The digital asset jumped past Dogecoin (DOGE) and Avalanche (AVAX) to value over $28.60 billion, almost 1.18% of the current total cryptocurrency market valuation of $2.30 trillion. Meanwhile, LUNA’s token price climbed from $43.50 to over $77 on Dec. 5, a new all-time high.

LUNA circulating market capitalization. Source: Messari

Traders took cues from Chiron Partners, a Hong Kong-based venture capitalist firm, that announced Wednesday that it had raised $50 million for a dedicated fund, dubbed Chiron Terra Fund I, to build decentralized finance (DeFi) and metaverse-linked nonfungible token (NFT) projects atop the Terra blockchain.

Jake Cormack, chief operating officer at Chiron Partners, credited Terra’s growth potential behind their decision to choose them as their official public ledger, particularly after the blockchain’s recent Columbus-5 upgrade, which promises to enable higher scalability and greater cross-chain interoperability.

Deflation FOMO

In detail, the Terra ecosystem consists of a family of stablecoins pegged to a growing list of fiat currencies and a mining token, LUNA. LUNA serves as a governance token, volatility absorption tool, and rewards catcher through “seigniorage” and transaction volumes. 

The volatility absorption feature, in particular, proves to be the most bullish case for LUNA. Notably, the Terra ecosystem maintains its stablecoins fiat-peg by burning LUNA tokens. In other words, if the price of Terra’s native stablecoin TerraUSD (UST) goes above $1, the protocol burns LUNA to mint more UST, thus bringing its value back to $1.

Conversely, if the UST value goes below $1, the protocol swaps the stablecoin for LUNA to prop up its prices. With the Columbus-5 upgrade and Chiron’s $50-million fund promising to bring more projects to the Terra ecosystem, anticipations of more deflationary pressure on LUNA have been rising.

As Cointelegraph reported, UST stablecoin adoption is growing with its net supply hitting a new record high of $8.221 billion on Wednesday. On the other hand, according to TerraAnalytics, the Terra protocol has burned more than 104 million LUNA tokens ever since the Columbus-5 upgrade went live at the end of September. 

Talis’s $2.3M NFT marketplace

Bullish cues for LUNA before the Chiron announcement came in the form of Talis. The startup raised $2.3 million in funding led by ParaFi Capital and Arrington Capital to build an NFT marketplace on the Terra blockchain.

LUNA/USDT versus BTC/USD daily price chart. Source: TradingView

Two days after the announcement, LUNA rose nearly 13% to reach its new all-time high despite a major correction in Bitcoin (BTC), Ether (ETH), and most other cryptocurrencies. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Every investment and trading move involves risk, you should conduct your own research when making a decision.

Beeple’s Latest NFT ‘Human One’ Sells for $29M, Artist Plans to ‘Enhance the Displayed Artwork’ During His Lifetime

Beeple's Latest NFT 'Human One' Sells for $29M, Artist Plans to 'Enhance the Displayed Artwork' During His Lifetime

This year the American artist Michael Winkelmann, otherwise known as Beeple, made history when he sold his non-fungible token (NFT) artwork “Everydays” for $69.3 million on March 11. Beeple’s latest NFT called “Human One” is a life-sized NFT sculpture that sold for $29 million, and the artist will update the NFT during the course of the rest of his existence on earth.

Beeple’s ‘Human One’ NFT Fetches $29 Million, Artist Plans to Update Art Remotely for the Rest of His Life

Beeple is making headlines again after he sold another multi-million dollar non-fungible token (NFT) called “Human One” for $29 million at Christie’s 21st Century Evening Sale. Beeple (whose birth name is Michael Winkelmann) is one of the most well-known NFT artists today because his “Everydays: The First 5,000 Days” NFT sold for $69.3 million. This made Beeple’s artwork one of the most expensive pieces of art in the world and the most costly NFT sold to date.

“Everydays” was sold via a Christie’s auction on March 11, 2021, and Beeple’s latest multi-million-dollar NFT sale was also through the luxury auction house. Beeple’s new art is a life-sized 3D sculpture and an NFT that was minted on October 28, 2021. Christie’s describes it as a “kinetic video sculpture—four video screens (16k resolution), polished aluminum metal, mahogany wood frame, dual media servers; endless video with corresponding dynamic non-fungible token.”

Human One: ‘A Portrait of a Human Born in the Metaverse’

Beeple describes his latest NFT art as “the first portrait of a human born in the metaverse.” The interesting thing about Beeple’s “Human One” is that he aims to change it over the course of his lifetime.

This means that the owner, Ryan Zurrer, and any owners thereafter, may see the “Human One” artwork change to whatever Beeple wants to add. The changes could depend on his mood and could represent something the artist is thinking about.

At the moment, the life-sized 3D sculpture NFT shows an individual in a silver-colored space suit with boots, a helmet, and a backpack. The 21st Century Evening Sale auction of “Human One” ended on November 8, with a realized price of $28,985,000.

“The physical element is designed to continuously display the artwork. Beeple will maintain remote access to the physical element to ensure proper functionality and/or enhance the displayed artwork,” Christie’s concludes. “Beeple warrants that the physical element does not contain any features designed to impair the continuous display of the artwork.”

What do you think about Beeple’s latest “Human One” NFT sale that he plans to update continuously for the rest of his life? Let us know what you think about this subject in the comments section below.

Video Game Giant Ubisoft Launches NFT Platform, Software Firm’s Blockchain-Tech Runs on Tezos

Video Game Giant Ubisoft Launches NFT Platform, Software Firm's Blockchain-Tech Runs on Tezos

The French video game manufacturer based in Montreuil, Ubisoft Entertainment SA, has announced the company has launched a blockchain-based platform called Ubisoft Quartz. According to the company, the platform will enhance specific games with playable and energy-efficient non-fungible token (NFT) assets.

Ubisoft Quartz Revealed

For quite some time, video game companies have shown strong interest in NFT technology and blockchain-based games. Earlier this year, firms like Square Enix, Ubisoft, and Electronic Arts have been hinting at moving in the NFT direction. Now Ubisoft has announced it has launched a platform that will leverage the Tezos (XTZ) blockchain to utilize NFT technology.

“Introducing Ubisoft Quartz,” the gaming company tweeted on Tuesday. “We’re bringing the first energy-efficient NFTs playable in a AAA game to Ghost Recon: Breakpoint. Try it in the beta from December 9 with three free cosmetic drops.”

Video Game Giant Ubisoft Launches NFT Platform, Software Firm's Blockchain-Tech Runs on Tezos

Ubisoft is well known for its franchise gaming titles like “Assassin’s Creed,” “Prince of Persia,” the Tom Clancy game franchise, “Rabbids Invasion,” and “Just Dance.” The Ubisoft Quartz website notes that the platform is a “place where you can acquire Digits, the first Ubisoft NFTs (non-fungible tokens), playable in an HD game and rely[ing] on an energy-efficient technology.” The company adds:

Digits will allow you to complete your missions in style.

Tezos Native Token Skyrockets Following Ubisoft’s Announcement, Ubisoft’s Digit NFTs Aim to Be Unique

The web portal shows a few items that could help a player compete in style with NFT items like an M4A1 tactical rifle, an enhanced helmet, and enhanced pants, all of which are limited edition. Meanwhile, after Ubisoft revealed the NFT platform and disclosed the company was working with Tezos, the crypto asset XTZ skyrocketed in value during the last 24 hours. At the time of writing on Wednesday, December 8, XTZ is up 26% in USD value.

The three NFT drops for Tom Clancy’s Ghost Recon game are free, the web portal details, but only Ghost Recon Breakpoint Ubisoft Connect PC players can acquire and play with Digits. “Every single Digit features a serial number,” Ubisoft says. “This serial number is displayed on the collectible and on the in-game item. Each Digit will also be tied to the player names of all its previous and current owners.” Ubisoft’s NFT platform description also notes:

The combination of a serial number and ownership history makes each Digit truly unique.

What do you think about Ubisoft entering into the world of NFT technology with Tezos and the Ubisoft Quartz gaming platform? Let us know what you think about this subject in the comments section below.

Retail buyers made up more than 80% of NFT transactions in 2021: Chainalysis

Chainalysis has determined that most NFT transactions so far this year were from retail buyers, but the big volumes were driven by collectors and institutions.

More than 80% of all nonfungible token (NFT) transactions were worth less than $10,000 in 2021 according to Chainalysis which categorized them as “retail” in recent research.

A Dec. 6 report from blockchain analytics firm Chainalysis titled “The 2021 NFT Market Explained” detailed NFT transaction trends throughout 2021. Researchers at Chainalysis studied on-chain data between January and October 2021.

While retail transactions accounted for more than 80% of all NFT transactions on any given day in 2021, collector-sized transactions rose from 6% in March to 19% by Oct. 31 indicating an increase in larger collectors as the year progressed.

Institutional-sized transactions accounted for less than 1% of all transfers but made up 26% of the actual trading volume during the period, it added.

A retail-sized transaction is one worth less than $10,000 while a collector-sized transaction is worth between $10,000 and $100,000. An institutional-sized transaction is one worth more than $100,000 according to the research.

The chart below shows the dominance of retail transactions throughout the year from January to October, with a definitive uptick in collector-sized transactions beginning by September.

NFT transaction size share – Chainalysis

The share of total transfers was mostly made up by retail, but collectors and institutions have made up the lion’s share of NFT dollar-denominated transfer volume since March. Collector-sized transactions made up 63% of the volume and institution-sized transactions made up 26%, meaning retail transfers came to 11% of the volume for the time period studied.

NFT transfer volume share – Chainalysis

The researchers contrasted the NFT market with the wider cryptocurrency market, where retail transactions make up a far smaller proportion of the total transactions.

“The data shows that the NFT market is far more retail-driven than the traditional cryptocurrency market, where retail transactions make up a negligible share of all transaction volume.”

The earning potential associated with NFTs was among several factors that drove cryptocurrency adoption through 2021. That is evidenced by the record $17.7 billion in NFT sales expected through 2021, according to a report from Cointelegraph Research.

In the past week alone, NFT sales amounted to $300 million, nearly a quarter of which came from metaverse land purchases at The Sandbox.

Additionally, there has been at least $26.9 billion in cryptocurrency sent to ERC-721 and ERC-1155 (the industry dominant Ethereum standards for NFTs) contracts through 2021 according to Chainalysis. 

Related: Binance Smart Chain and Animoca Brands form $200M fund for GameFi projects

Whitelisting best for profits

Despite the tremendous amount of money being spent on NFTs, the report stated that “just 28.5% of NFTs purchased during minting and then sold on the platform result in a profit.”

Chainalysis suggested getting whitelisted to increase the chances of turning a profit from a newly-minted NFT. Users who made the whitelist on a minting event on OpenSea turned a profit 75.7% of the time versus the 20.8% who did so without being whitelisted.

“The data suggests it’s nearly impossible to achieve outsized returns on minting purchases without being whitelisted.”

However, NFTs bought on the secondary market after minting “leads to profit 65.1% of the time,” the report added, suggesting that if one cannot make the whitelist, it is better to wait for an NFT collection to hit a secondary marketplace rather than participating in a minting event.

Sophia AI robot to be tokenized for Metaverse appearance

A collection of 100 “intelligent NFTs” will be auctioned in Binance on Dec. 16 as Sophia takes a trip into the Metaverse.

A virtual anime version of Sophia, the world-famous humanoid artificial intelligence (AI) robot, is set to be tokenized and auctioned off as part of an up-and-coming Metaverse project dubbed “Noah’s Ark.” 

Sophia was developed by Hong Kong-based firm Hansen Robotics in 2016 and is known across the globe for her conversation skills and articulate speaking ability. In her first 5 years, Sophia has addressed the United Nations and obtained Saudi citizenship.

Earlier this month, former Hansen Robotics CEO and Sophia co-creator Jeanne Lim launched a virtual anime version of the robot dubbed “Sophia beingAI” at her new company beingAI under a perpetual license and co-branding partnership.

According to the Dec. 7 announcement, beingAI has partnered with intelligent nonfungible token (iNFT) production firm Alethea AI to launch 100 iNFTs featuring Sophia beingAI on Binance’s NFT marketplace in an Intelligent IGO (Initial Game Offering) on Dec. 16.

The auction will take place over 5 days, with twenty iNFTs being released each day until it concludes on Dec. 21.

The term iNFT refers to revolutionary NFTs that are embedded with intelligence in the form of an AI personality that adds programmability into their immutable smart contracts. These intelligent NFTs can interact in real-time with people in a gamified environment autonomously.

The collection is named “The Transmedia Universe of Sophia beingAI” and as part of the partnership, the 100 iNFTs will be supported in Alethea AI’s decentralized Metaverse project Noah’s Ark.

The collection is being illustrated by comic artist Pat Lee, who previously worked with DC Comics and Marvel Comics on franchises such as Batman, Superman, Ironman, and Spiderman.

Alethea AI unveiled Noah’s Ark in October, and is aiming for its Metaverse to be “inhabited by interactive and intelligent NFTs.” Lim stated that:

“We hope Sophia beingAI will bring together humanity and technology to help humans attain our true nature of unconditional love and pure possibilities.”

Related: Sophia the robot set to auction NFT digital artwork

It is not the first time Sophia has been involved in the NFT space. In March, Sophia held an NFT auction via the Nifty Gateway platform as reported by Cointelegraph.

In a famed speech at the 2017 Future Investment Initiative Conference, Sophia demonstrated that she can show emotion by making faces that were happy, sad, and angry. In 2019, Sophia stated that she knew what cryptocurrencies were but didn’t own any.

Virtual Metaverse Plots Outpace Top NFT Collection Sales, Play-to-Earn Tokens Surged in Value This Year

Virtual Metaverse Plots Outpace Top NFT Collection Sales, Play-to-Earn Tokens Surged in Value This Year

During the last seven days, virtual lands sold in the metaverse have outpaced a great number of non-fungible token (NFT) sales. Moreover, metaverse native crypto tokens like axie infinity, sandbox and decentraland and play-to-earn digital assets in general have jumped significantly in value this year.

Metaverse Properties Outpace NFT Collections — Play-to-Earn Tokens Rise

Following the meme-crypto hype, the decentralized finance (defi) trend, and the non-fungible token (NFT) craze, the metaverse has become a big deal. Essentially, a metaverse is a different version of the internet that supports virtual environments, items, collectibles, weapons, and sometimes play-to-earn features. Virtual worlds like Second Life, Minecraft, and Roblox can be considered iterations of the metaverse but in recent times, blockchain technology has entered the realm.

For instance, out of the $2.3 trillion crypto economy, $25 billion of it belongs to play-to-earn (P2E) digital assets. Axie infinity (AXS) is the largest P2E token in terms of market capitalization with a valuation of around $6.5 billion.

While AXS has lost 25% during the last week, AXS is up 20,824% year-to-date (YTD). The second largest P2E token is sandbox (SAND) with a $4.6 billion market valuation. SAND lost 32% this past week but has gained 11,597% YTD.

The third-largest market valuation in terms of P2E assets is decentraland (MANA) with a market cap of around $4.4 billion. MANA has lost 32% this week as well but has gained 3,693% YTD in USD value. Other top P2E tokens in terms of market cap size include gala (GALA), wax (WAXP), illuvium (ILV), and mobox (MBOX).

Staking Land in the Metaverse Can be Expensive — The Sandbox Captures $70M in Weekly Sales

In addition to metaverse and P2E tokens gathering massive value during the last year, in recent times land in the metaverse has been a hot commodity. Metrics from indicate that the NFT market history for the last seven days shows The Sandbox has been the top contender. Sales stemming from The Sandbox metaverse saw more than $70 million in sales during the last seven days.

Virtual Metaverse Plots Outpace Top NFT Collection Sales, Play-to-Earn Tokens Surged in Value This Year

That’s about $10 million more than the sales produced by the Bored Ape Yacht Club (BAYC) NFT collection which saw $59 million. Moreover, The Sandbox sales are much larger than the Cryptopunks NFT collection sales which captured $17 million last week. The virtual reality platform powered by the Ethereum blockchain, Decentraland has seen the sixth largest number of weekly sales with $6.6 million last week.

The biggest sales on Decentraland were land plots and estates worth between $289K to $758K. While The Sandbox outpaced Decentraland sales, land plots sold for much lower values as land exchanged hands this past week for $44K to $68K per plot. However, virtual land adjacent to Snoop Dogg’s Sandbox estate recently sold for $450K in ethereum. The average USD price for The Sandbox metaverse products during the last week was $15K across more than 4,400 sales.

What do you think about the metaverse and P2E tokens gaining a lot of value this year? What do you think about all the metaverse land sales? Let us know what you think about this subject in the comments section below.