For whatever reason, there’s been a dearth of metaverse and NFT news between yesterday and today. Given that the NFT space, in particular, has seen a greater than 90% drop in volume since the beginning of 2022, and given the recent uptick in risk-on assets (stocks, crypto, etc.), it makes sense that that NFTs might be catching a bid and a subsequent rise in news volume.
Apecoin
Apecoin ($APE.X) has been one of the clear leaders in this space, rallying nearly 18% before noon (EST). If APE can close the day near its current high of $5.21, it would be the highest close of the past 15 days.
Ford
Ford Motor Company ($F) isn’t acting like an old fuddy-duddy company. Never mind the EV space it’s trying to eat away at – Ford is entering the Metaverse and NFT space. They’ve filed 19 trademark applications with the US Patent and Trade Office.
Ford plans to offer an online marketplace where people can download digital trucks, cars, SUVs, etc for use in a virtual world – they didn’t specify which virtual world that would be, but probably not World of Warcraft or The Elder Scrolls Online.
Cardalonia
The Play-To-Earn Metaverse world on the Cardano blockchain, Cardalnoia, announced its token listing ($LONIA.X) on the P2PB2B cryptocurrency exchange. Beyond some exclusives in that virtual world, a stake of 7000 LONIA locks up your tokens for the upcoming Cardalonia Land Presale event – sometime in Q4 2022 according to the roadmap.
EU and Japan using NFTs
Japan’s government recently rewarded NFTs to entities that ‘excelled at using digital technology to solve local challenges.’ One such award was given for a platform that utilizes mobile device cameras to track traffic conditions changes. Those NFTs issued by Japanese authorities are non-transferable, so they can’t be swapped/traded on a secondary market.
Sounds like the NFTs awarded were more like gold stars you would get in grade school for doing a good job. Yippy.
The EU wants to use NFTs to combat counterfeiting. Take a looks at this infographic explaining how it will work. You probably grasp the graphic if you’re reading the Litepaper; think a politician will understand it? Definitely looks like a committee created this monster:
Joking aside, the EU wants to tackle real-world goods counterfeiting. Finally, something with NFTs that doesn’t have to do with high-as-a-kite-looking monkeys smoking cigars. The EU wants the ability to track the entirety of a supply chain with various checkpoints/validators.
Long story short, the intent of the European Union Intellectual Property Office is to ensure that the owners of IP are assured their products are being sold in authentic places – also lets consumers know the product is authentic.
What Ain’t No Country I Ever Heard Of
Quentin Tarantino and Miramax finally settle their lawsuit over the former’s Pulp Fiction NFT collection. A notice of settlement was released by lawyers from both sides today. No details of the settlement were provided.
However, it is interesting that the lawsuit began near the top of the NFT insanity – and the settlement comes after volume in the NFT space has nosedived by over 90%. Coincidence? Naw. 😻