New Delhi: Cricket-based NFT platform Rario raised $120 million in Series A funding from Dream Capital, the corporate venture capital arm of Dream Sports.
Other investors participating in the funding round include Alpha Wave Global (previously Falcon Edge Capital) with existing investors like Animoca Brands (global leader in Web3 gaming), Presight Capital, and Kingsway Capital.
Rario created the first-ever cricket NFT platform and has the largest share of cricket NFT rights through partnerships with 6 global cricket leagues and over 900 cricket professionals.
Did you Know?
Apparel maker Gap has launched NFTs for its iconic hoodies.
Parallel nft card game
Coming every Saturday,Hodler’s Digestwill help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.
Top Stories This Week
Mastercard files 15 metaverse and NFT related trademarks
Multinational payments giant Mastercard filed 15 applications for NFT and metaverse trademarks, joining the ranks of competitors Visa and American Express who have taken similar action recently as well.
Notable applications include those for an online marketplace for digital goods, virtual reality events and communities, and Mastercard payment processing in the Metaverse.
Furthermore, the firm is aiming to virtually trademark its “Priceless” slogan via tokenized text, audio and video.
DAOs form for a common purpose, like investing in start-ups, managing a stablecoin or buying NFTs.
Understanding NFTs and their value as digital objects comes naturally to a generation raised online, Mr. Davis added. “I consider myself pretty digitally native, but I can still recall floppy disks.
That’s cuneiform tablets to Victor. He grew up completely immersed in this.”
For Ms. Hipper and others like her, Fewo is “such a role model for Gen Z,” she said.
“He came into NFTs and blew my mind. The fact that he was able to create a platform, for me, it’s inspiring.”
When the stock market was booming and Bitcoin was above $60,000 earlier this year, Ms. Hipper said, one of her NFTs sold for $1,000. These days, her art sells on Atomic Hub for as little as 125 Wax, or $21.
Parallel nft card games
We were impressed by Parallel‘s unique approach and fervent early community, and excited to support them for their next stage of growth,” Paradigm co-founder Matt Huang said in an email.
The project is based around a fantasy storyline about humanity’s escape from space following an apocalyptic attempt to resolve a global energy crisis. Unlike some of the other highly valuable pixelated NFT projects, like CryptoPunks, Parallel’s art style is focused on realism — through a science fiction lens, of course.
An NFT from Parallel’s upcoming drop.
Image Credits: Parallel
The sci-fi NFT card game caught fire in August after its first pack drop amid a massive surge in NFT speculation. According to crypto tracker CryptoSlam, the platform did nearly $105 million in transaction volume.
Whether they’re serious or not in combating inflation, they still need to raise interest rates and reduce the magnitude of their quantitative easing programs. These actions will have a negative impact on the “debt-based global economy” of which crypto and Bitcoin are a part, according to Hayes.
“By the end of the second quarter in June of this year, I believe Bitcoin and Ether will have tested these levels: Bitcoin: $30,000; Ether: $2,500,” Hayes wrote in the blog post.
FUD of the Week
Facebook whistleblower warns Metaverse will repeat ‘all the harms’
Facebook whistleblower Frances Haugen has slammed Meta in a new interview, warning that the firm could once again repeat the data- and power-hungry tactics that made the social media platform so successful.
Parallel nft card game-x
There are also benefits and limitations in doing this metaverse marketing strategy.
- Increased brand engagement and recognition
- Immersive user experience
- Reduced supply chain cost and risk
- More time spent in planning the campaign
- Heavy marketing effort prior to implementation
3. Retail virtual goods to digital avatars
Online identities are crucial in the metaverse, where avatars represent people.
A study found that92% of people value customizationin creating their virtual avatars. Like in real life, people in the 3D environment are spending a lot of money on self-expression.
Because of this, the direct-to-avatar (D2A) economy is emerging.
Parallel nft card gameball
Parallel is getting big — really big. The NFT trading card project announced the results of its latest funding round on Thursday, Oct. 21. Led by the $50 million investment from Paradigm — a VC firm created by Coinbase co-founder Fred Ehrsam.
Parallel is on the path to becoming one of the hottest games in NFTs (non-fungible token).
The sci-fi NFT card collection, based on the Ethereum blockchain, Parallel Alpha has been in the top 10 rankings on OpenSea for the past few days – and the cards only launched late in 2021.
First and foremost, Parallel is a “trading card game” in early development with some of the most top-notch art. This new form of digital art may play an important role in the large-scale popularization of NFT.
The online company has had a more meteoric rise than most crypto projects, and investors have noticed.
Experiment with AR
Augmented reality or AR is set to change shopping experiences by allowing users to visualize clothing products in real time. A report on the impact of AR on retail shows that61% of users prefer to shop in stores that offer AR.
Earlier this year, Gucci made headlines not just by selling digital shoes to avatars but also by giving buyers a chance to wear those shoes with AR.
- Turn your virtual good into an NFT
NFTs or non-fungible tokenscan trace the production and distribution of your virtual apparel. This can prove authenticity, which helps build consumer confidence.
This can impact their perspective of your brand and help you create long-lasting bonds with them.
Here are some immersive experience campaigns that you can use in the metaverse.
- Live concert performances
Virtual music events allow audiences to engage and interact with your brand. Rapper and producer Travis Scott performed a virtual concert in Fortnite as a 3D avatar, drawing12.3 million concurrent players.
Similarly, The Weeknd (as a digital avatar) performed a live version of “Blinding Lights” on TikTok, where real-time comments appeared as flashing lights and fireworks in the background.
- Massive interactive live events
Involving audiences in your storytelling process could also drive massive growth. Genvid Holdings’ Rival Peak is a great example.
The total market cap is at$1.88trillion,accordingto CoinMarketCap.
Among the biggest 100 cryptocurrencies, the top three altcoin gainers of the week are Kyber Network Crystal v2(KNC)at 13.50%, ApeCoin(APE)at 9.36% and Monero(XMR)at 5.02%.
The top three altcoin losers of the week are Mina(MINA)at -32.12%, Anchor Protocol(ANC)at -27.81% and Waves(WAVES)at -25.13%.
For more info on crypto prices, make sure to readCointelegraph’s market analysis.
Most Memorable Quotations
“Stablecoins are the perfect Trojan horse for Bitcoin.”
Paolo Ardoino, chief technology officer for Bitfinex and Tether
“This isn’t inflation. This is [the U.S.
Previous investors include YouTube co-founder Chad Hurley, Focus Labs, OSS Capital and Yunt Capital, among others.
The game also has an intricate background story and mythology, which should promote a lot of game narratives and related content, such as books, comics, episodes and movies.
In the game storyline, “Parallel” is a group of humans who have evolved in the universe for thousands of years, and are now fighting to regain control of the earth.
There are 5 different Parallels to choose from Earthen, Marcolian, Augencore, Kathari and Shroud.
Essentially the project is based on a fantasy storyline about humanity’s escape from space following an apocalyptic attempt to resolve a global energy crisis.
The latest iteration, Unreal Engine 5, is able to facilitate the creation of NFT-based play-to-earn (P2E) games, offering a strong signal that the firm is eyeing the sector.Ripple claims ‘a very big win’ in SEC case
Ripple Labs scored a “very big win” in its long-running dispute with U.S. Securities and Exchange Commission (SEC) this week, according to Ripple community lawyer James K.
Filan. While both parties have traded many blows during the legal battle, Ripple appears to be growing confident that its arguments against XRP being a security will hold up in court.
Presiding Judge Sarah Netburn denied the SEC’s request to reconsider shielding important documents under privilege relating to a June 2018 speech made by the SEC’s former Director of the Division of Corporate Finance William Hinman, who stated that Bitcoin and Ether were not securities.