NFTs crash as ETH rises, Readyverse metaverse game trailer debuts: Nifty Newsletter
In this week's issue, watch Rediver Studios' trailer for the new Metaverse game project, read about the joint research of the United States Patent and Trademark Office (USPTO) and the country's copyright office on non-foldable tokens (NFTs) and find out what it is. The creator of the World Wide Web thinks about metaverse-related technology like virtual reality (VR) and artificial intelligence (AI). In other news, check out the blockchain music label that's bringing artists to the metaverse, and don't forget this week's Nifty News that the price of NFT floors has risen despite the rise in the price of Ether (ETH).
Readyverse Studios released an open trailer for the Metaverse Battle Royale game
Futurever Studios and Redivers, a project founded by Gamer One author Ernest Klein and film producer Dan Farah, have launched a trailer for their third-person battle royale game, Project Open. The game was developed in collaboration with Walker Labs, developers of the open-world shooter game Walker World.
The game's website promises a “AAA metaverse game experience” and multiple genres, intellectual properties (IPs) and environments. In the trailer, the Metaverse game teased viewers with various entertainment systems and a time machine called Back to the Future from the movie, suggesting that the company is tapping into other IPs, not just one franchise.
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The creator of the World Wide Web predicts that VR and spatial computing will change the Internet
In an interview on the Web's 35th birthday, Tim Berners, creator of the World Wide Web, made several predictions about the future of the Internet. The technology pioneer believes that VR and AI will influence the next chapter of the Internet.
Berners-Lee explained that an AI assistant that people can trust will be one of the things that will live in the new iteration of the Internet. The tech pioneer likened the loyalty of its AI assistant to that of a doctor, suggesting it will become a normal part of people's lives. In terms of VR, the tech pioneer says spatial computing can replace mouse, keyboard and touch.
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Intellectual property infringement rampant in NFTs, but new rules not needed: US government report
According to a joint study by the USPTO and the country's copyright office, piracy and intellectual property infringement are common in NFT marketplaces. However, the two government agencies have indicated that this does not require changes to the country's IP laws.
The study found that NFT-related violations of copyright law are similar to other forms of unauthorized reproduction. In addition, the report highlighted that existing tools exist to address NFT infringements similar to other online copyright infringements.
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TCG World has partnered with Chooky Records to bring Busta Rhymes and more to Mita Opposite.
Blockchain music label Chucky Records and online virtual community sandbox TCG World have teamed up to bring music from rapper Busta's tunes, artists OT and Elesia Iimura to Mita Opposite. Initially, the project will launch an animated video featuring cast artists in the TCG World Metaverse.
According to Chucky Records, the project allows artists to not be limited to 360 deals at once. The company combines digital music with NFTs to create an authentic entertainment experience.
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Nifty News: Starknet's New Gaming Entity Gets $125 Million, NFTs Fall As ETH Rises & More
Meanwhile, the NFT price floor fell on March 12 when ETH traded above $4,000 for the first time since 2021. Popular collections like Bored Ape and Mutant Up Yacht Club fell 13%, while Azuki and Degods were down about 9%.
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Check out the Cointelgraphs NFT SteEZ podcast
Thanks for reading this roundup of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
