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The global non-fungible token market exhibits cyclical behavior, with “seasons” characterized by periods of strong interest and activity followed by periods of cooling and reassessment. This market pattern is often influenced by various factors, including geopolitics, negative crypto market sentiment, media coverage, and the underlying value proposition of specific non-fungible token projects. The NFT market has experienced a significant downturn in the past four months, primarily due to a combination of factors, including declining investor interest, falling cryptocurrency prices, and market saturation. Fortunately, the non-fungible token buying spell has started building up, with top NFT coins leading the recent surge. NFT coins are the native coins or tokens of a specific NFT ecosystem. Below, we have listed some of the top-selling NFT crypto coins in the NFT market. 1. FLOKI FLOKI, a utility token that forms the backbone of the Floki Ecosystem, is this week’s to...

Animoca Brands, the NFT and Metaverse firm, hopes to pass a resolution at its annual general meeting (AGM) on December 23 that would replace its auditor, DFK Collins, with Hall Chadwick. This is according to the distributed agenda.  Animoca has arguably been slow to file its recent audit reports, not completing its 2020 report until mid-2023. The report included comments from DFK Collins, which noted that for Animoca to “continue as a going concern” would be “dependent upon” it “raising new equity funds” as well as “support from the convertible note holders.” It would also need to “convert cryptocurrencies into fiat currencies as and when required.” However, despite these comments, it is important to note that DFK Collins also said that its “opinion is not modified in respect” of these matters. The crumbling empire of Fred Schebesta, Australia’s self-titled Crypto King Read more: Animoca Bra...

To boost users’ activity, SK Telecom has launch ed a digital currency for virtual purchases in its metaverse dubbed Ifland. One of the largest telecommunication companies in South Korea is taking another step towards the adoption of metaverse technologies. SK Telecom, a Korean telecom provider with over 30 million customers, announced in a press release on Monday, Oct. 16, 2023, the launch of an economic system to its metaverse platform Ifland, with a new virtual currency named “Stone.” Virtual meetup in ifland | Source: SK Telecom You might also like: Korean IT firm, NHN, to develop games on Sui network According to the Seoul-headquartered company, the digital currency can be used to purchase virtual items with “high collectible values” and to sponsor hosts of events or meetups. With the launch of Stones, SK Telecom wants to bring in more users as influencers can now generate profit by receiving donations from subscribers. “Goi...

At the Apple WWDC 2203 event taking place today, the company launched its brand new AR/VR headset, the Vision Pro. It has the potential to massively impact the metaverse. Moreover, the company has long-held plans to dive into the world of augmented reality. JUST IN:  Apple unveils "Vision Pro" AR/VR headset, priced at $3,499. pic.twitter.com/p9bpaZdakW — Watcher.Guru (@WatcherGuru) June 5, 2023 The product’s arrival has been considered the most exciting since the Apple Watch launched in 2015. Moreover, it has the potential to completely change the usage and adoption of augmented reality. Subsequently, as it is set to compete with Meta Quest and other massive VR headsets, Apple could be poised to have an even bigger impact on the metaverse.  Apple AR/VR Headset When it was first introduced, virtual reality was thought to be the next evolution of the internet. Subsequently, it saw a host of companies embrace the change, and develop a way for them to capitalize....

This week NFT Steez spoke to award winning artist Victor Solomon about basketball, the Metaverse, Web3 and his unique NFT collection. On Dec. 2, NFT Steez hosts Alyssa Expósito and Ray Salmond chatted with Victor Solomon to discuss his journey into bridging his in-real-life artwork into NFTs and how he cultivates the community and culture that surrounds it.  Solomon's work centers around basketball, not just the object, but the sport itself. For Solomon, the inspiration for his work comes from his early childhood of wanting to play hockey, a sport that was not accessible for him, and his eventual discovery of basketball which he discovered to be more accommodating. Solomon said: "Basketball was such an inspirational platform for me since there's no barrier to entry." Solomon says that the open nature of basketball is an "incredible parallel for everything that's happening in Web3" and throughout the episode he explains the symbiotic relationship he has ...

The company’s co-founder announced that the fund is still in the works but plans to provide billions to startups with a metaverse focus. The GameFi champion and metaverse developer Animoca Brands has a billion -dollar fund in its plans, according to a report from Nikkei Asia on Nov. 30. Animoca Brands’ co-founder Yat Siu said in an interview that the fund could potentially have up to $2 billion dollars to allot to mid to late-stage startups with a metaverse focus. The fund and the exact amount available to developers have yet to be finalized. Cointelegraph reached out to Animoca Brands for a comment, to which the company confirmed that the fund is “in the works.” According to the interview with Siu there will be no geographical restrictions for those to receive funding and the primary focus will be “everything on digital property rights." He also said the funds are intended to speak to a more mature developmental atmosphere in the Web3 - metaverse space, which allows investor...

The cryptocurrency markets are taking on the traditional financial sectors which include the stock markets, banks, and commodities, among others. While the United States and Europe are ahead in terms of crypto adoption despite fierce criticism, other countries are catching up. Dubai, the Middle East, and North Africa (MENA) are now the fastest-growing regions in the world adopting the use of cryptos. Middle Eastern countries namely Bahrain, Iran, Iraq, Israel, Jordan, Kuwait, Saudi Arabia, Oman, Lebonan, Qatar, and the United Aran Emirates are experiencing a surge in crypto transactions , reveals a report from Chainalysis. Also Read: Did GTA 6 Hacker Receive 2.2 Bitcoin’s to Leak the Game Source Code? On the other hand, North African countries namely Egypt, Libya, Morocco, and Tunisia, recorded a growing number of crypto transactions . The MENA countries combine more than 9% of all crypto transactions that were recorded between Q2 and Q3 of 2022. The combined MENA nations a...