As a seasoned crypto investor with a penchant for NFTs, I must say this week’s newsletter was quite intriguing. The lawsuit against Eden Gallery by NFT holders is a stark reminder that the Wild West of crypto needs more sheriffs. Promising a metaverse and failing to deliver is not just unprofessional, it’s downright cowboyish.
This week’s newsletter highlights a legal dispute between NFT holders and an art gallery, who had originally pledged a metaverse to them. Delve into how gaming serves as a testing ground for innovations like NFTs. Additionally, discover which game, integrating NFTs as in-game assets, has claimed the top spot on the Epic Games store’s rankings.
NFT holders sue art gallery, alleging it broke metaverse promise
A number of individuals who own NFTs (Non-Fungible Tokens) have filed a lawsuit against the Eden Gallery, claiming that the gallery did not fulfill its commitment to establish a metaverse-exclusive club for these NFT owners as promised. The collection, known as Meta Eagle Club, amassed approximately $13 million by selling 12,000 NFTs.
The team is being accused of not putting in significant effort towards establishing the Meta Eagle Club, despite their reports suggesting otherwise. The legal action further claims that those involved in the project lacked expertise in blockchain technology development.
Gaming serves as a sandbox to explore tech avenues — Mysten Labs exec
At the Future Blockchain Summit in Dubai, Christian Thompson, Mysten Labs’ chief information security officer, discussed gaming with CryptoMoon. He likened gaming to an experimental space where technology innovators can test out new technologies such as artificial intelligence and Non-Fungible Tokens (NFTs).
As a crypto investor, I find that engaging with gaming platforms opens up exciting opportunities for me to delve into cutting-edge technologies, much like how a sandbox encourages creative growth and development.
“Off The Grid” exposes mainstream audiences to blockchain gaming
The third-person shooter game Off The Grid, ranked highest among free-to-play games at the Epic Games store, gained notable popularity on Twitch. It’s built on a blockchain network called Avalanche under the subnet GUNZ, enabling players to create and utilize Non-Fungible Tokens (NFTs) as in-game items.
possessing Non-Fungible Tokens (NFTs) for in-game goods empowers players to exchange these items on external marketplaces while retaining ownership within the game itself.
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2024-10-16 22:14