Metaverse Gaming, AI's Future Impact, NFT Studies, and Blockchain Music: A Week in Review
Summary:
This week's news covers the release of Readyverse Studios' trailer for their metaverse game project Open, the impact of VR and AI on internet's future as predicted by World Wide Web inventor Tim Berners-Lee, a joint study on NFTs by United States Patent and Trademark Office and the United States Copyright Office, the collaboration between blockchain music label Chooky Records and virtual community TCG World to bring artists like Busta Rhymes to the metaverse, and the recent slump in NFT floor prices despite the rise in Ether prices.
Discover the latest trailer from Readyverse Studios for their upcoming metaverse gaming project in our newsletter this week. You can also learn about a recent investigation conducted by the US Patent and Trademark Office and the Copyright Office that delves into the subject of nonfungible tokens (NFTs). You'll also find insights from the World Wide Web creator's perspective on metaverse technologies, including virtual reality (VR) and artificial intelligence (AI). We also spotlight a trailblazing blockchain music label that's transporting artists into the metaverse. Plus, keep abreast of the latest Nifty News, including the recent slump in NFT floor prices despite the rise in Ether (ETH) prices.
The debut trailer for the new metaverse battle royale game Open has been released by Futurverse Studios and Readyverse, headed by Ernest Cline, the author of Ready Player One, and film producer Dan Farah. This third-person battle royale game was developed in partnership with Walker Labs, creators of open-world shooter Walker World. Their official site hints at an unparalleled metaverse gaming experience, incorporating a diverse array of genres, IPs, and settings.
Tim Berners-Lee, the genius behind the World Wide Web, shared his views on how VR and AI will shape the future of the web in an interview given on the Web's 35th anniversary. According to Berners-Lee, AI assistants individuals can trust will be a vital component of the internet's upcoming phase and could become an integral part of our daily lives.
Intellectual property violations are rampant in NFTs but that doesn't necessitate changes to US IP laws, according to a report by USPTO and the Copyright Office. The study emphasizes that NFT-related infringements will apply copyright laws in much the same way as other unlicensed reproductions.
Bringing music to the metaverse is the aim of a cooperative venture between blockchain music label Chooky Records and TCG World, an online virtual community sandbox. Their project will showcase music by Busta Rhymes, artists O.T. and Elesia Iimura in its initial phase.
In other NFT News, ETH trading above $4000 on March 12 led to a drop in NFT floor prices, popular collections like Bored Ape and Mutant Ape Yacht Club experienced a 13% fall, while Azuki and DeGods saw nearly a 9% decrease.
Thanks for stopping by for this week's update on significant NFT trends and developments. Be sure to return next Wednesday for more news from this rapidly evolving field.
Published At
3/13/2024 10:00:00 PM
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