PayPal Applies Patent For NFT Marketplace, Meta Symbols Impress: Nifty Newsletter
In this week's newsletter, read how an Invincible Token (NFT) artist raised money to support a cancer charity and why payment platform PayPal has filed for a patent for the NFT Marketplace. Check out the new meta photo-realistic Metaverse models and, in other news, find out why Neal Stephenson's Metaverse blockchain project remains optimistic despite waning interest.
NFT artist raised $140,000 for cancer support charity
NFT artist Trevor Jones has donated nearly $140,000 to Maggie's Edinburgh – an organization dedicated to cancer treatments – after raising money from a Web 3 event in France. Funds raised from the event will help 4,000 cancer patients and those in need of critical support.
According to Maggie Edinburgh, the money raised by Jones will be the largest single donation from an art event in the organization's history. Funds raised will benefit cancer patients and their families.
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PayPal applies patent for NFT marketplace for on-chain or off-chain asset transactions.
Payments platform PayPal has filed a patent application for an NFT transfer and purchase system. The patent application was filed with the United States Patent and Trademark Office in March and made public in September.
The patent describes a system that allows users to buy and sell NFTs through a service provider. Although the provider is not mentioned, the document mentions Ethereum, which suggests that it may be based in the network.
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The Metaphor Is True: Zuck's “Fantastic” Photorealistic Technology Wows CryptoTwitter
As critics continue to declare the death of MetaVerse, Meta CEO Mark Zuckerberg showcased the company's progress in a podcast called MetaVerse using photos from MetaVerse.
Using Meta's Quest 3 headphones and noise-canceling headphones, Zuckerberg and podcast host Lex Friedman conducted an hour-long interview using Metaverse avatars. The update caught the attention of Crypto Twitter, with some comparing previous iterations of Zuckerberg's Metaverse to the current one, saying “the Metaverse has improved.”
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As the Metaverse hype dies down, Neal Stephenson's blockchain project takes a breakthrough month
Metaverse blockchain project Lamina1 is holding an event called Open Metaverse Discovery Month to allow developers and creators to experience the metaverse. Despite the low interest in Metavas, the company believes that the concept will survive as long as people are willing to spend time and money on it.
According to Rebecca Barkin, CEO of Lamina1, the project managed to attract 50,000 builders despite the crypto winter and people writing praises for Metavas. The executive is hopeful that founder Neal Stephenson's vision of separation will challenge corporate greed and give creators more autonomy.
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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.
