NFT Artist Champions Cancer Charity, PayPal Ventures into NFT Marketplace, Meta's New Avatars Amaze, and Stephenson's Metaverse Project Stands Resolute
Summary:
The weekly update highlights an NFT artist who raised $140,000 for a cancer charity, PayPal’s patent application for an NFT marketplace, and Meta's new photorealistic avatars in the metaverse. Despite declining interest, Neal Stephenson's metaverse blockchain project remains optimistic and continues to attract builders. The update ends with an invitation to tune into Cointelegraph's NFT podcast.
In the recent weekly update, you can find out about a digital artist capitalizing on the popularity of Nonfungible tokens (NFTs) to raise funds for cancer charities, and the decision of popular transaction service PayPal to submit a patent request for creating an NFT marketplace. Guaranteed to pique your interest are Meta’s latest photorealistic metaverse identities and an intriguing update on Neal Stephenson's blockchain-focused metaverse initiative which stays hopeful despite decreasing interest.NFT digital creator amasses $140,000 for cancer aid charityWith almost $140,000 in donations to Edinburgh’s Maggie’s - a centre focused on aiding those battling cancer - NFT creator Trevor Jones brought these funds together through a Web3 gathering that took place in France. The funds accumulated from this event are predicted to benefit around 4,000 individuals afflicted with cancer requiring urgent help. Maggie’s Edinburgh has stated that the donation made by Jones at a single art event is a record high in the organization's history. The monetary contributions will go towards providing services for those diagnosed with cancer and their families.Keep ReadingPayPal initiates a patent application for its NFT market particularly for trading off-chain or on-chain assets.PayPal, positioned as a reputable payment platform, has submitted a patent application detailing an NFT buying and selling system. The request for this patent was placed in the United States Patent and Trademark Office back in March and was opened to public viewing in September. The patent outlines a system for buying and selling NFTs through a platform provided by an anonymous service. Ethereum was mentioned in the document implying that the base of the system may lie within that network. Keep ReadingThe “Metaverse is Alive”, Zuckerberg’s Newest Photorealistic Tech Captivates Crypto TwitterDespite the skepticism surrounding the potential of the metaverse, Mark Zuckerberg, CEO of Meta drove interest with the unveiling of their latest photorealistic avatars within the metaverse on a podcast. Equipped with Meta’s Quest 3 headsets along with active noise cancellation headphones, Zuckerberg participated in an hour-long conversation with podcast host Lex Fridman using the newly minted metaverse avatars. This marked improvement led to excited chatter on Crypto Twitter, with many complimenting the evident "upgrade" in metaverse.Keeper ReadingRegardless of Declining Interest, Neal Stephenson's BlockChain Program Remains HopefulLamina1, the metaverse blockchain venture, is orchestrating an event dubbed the 'Open Metaverse Discovery Month' as a way to encourage and expose builders along with creators to the possibilities of the metaverse. Insisting that the metaverse concept is here to stay as long as there are willing participants invested in it, the company takes a positive stance. CEO of Lamina1, Rebecca Barkin shared that despite the lull in the crypto market coupled with the narration of metaverse obituaries, the project still managed to pull in 50,000 builders. Barkin remains confident in the vision of founder Neal Stephenson, that the metaverse will challenge corporates and empower creators.Keep ReadingMAKE SURE TO TUNE INTO COINTELEGRAPH'S NFT STEEZ PODCASTYour patronage of this summary of the week’s most impactful advancements in the NFT realm is greatly appreciated. Tune in again next Wednesday for more updates and insights into the constantly diversifying and developing space.
Published At
10/4/2023 7:00:00 PM
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