Welcome to This Week in the Metaverse, where wealth summarizes the most interesting news from the world of NFTs, culture and virtual worlds. E-mail [email protected] with tips.
Despite the short work week in the US due to Thanksgiving, there was no shortage of news. Argentina national soccer team’s crypto token fell off a cliff, Rockstar Games gave NFTs a thumbs-down, and “metaverse” made it into the Oxford English Dictionary’s Word of the Year contest.
While holidays are usually a time to watch football with the family, the World Cup has made some people tune in to watch a different kind of football (or fútbol).
While admittedly I usually cheer for USA and Mexico during the month-long tournament that takes place every four years, Argentina’s shocking loss to Saudi Arabia in the group stage of the World Cup caught me by surprise this week.
It also apparently shocked a number of crypto investors, who sold the Argentine Football Federation fan token right after Tuesday’s loss, sending it down more than 20%. The token is one of many crypto assets sponsored by professional football teams, giving fans the ability to vote on (usually minor) club decisions and earn rewards. Some clubs like FC Barcelona have made millions from selling fan tokens as they have quickly become a new revenue stream for sports teams.
Argentina lost 2-1 to Saudi Arabia in their first match of the #WorldCup.
As a result of this loss, Argentina's fan token has dropped by -36% in just two hours.
— Satoshi Club (@esatoshiclub) November 22, 2022
Still others are not so enthusiastic about Web3 technology. Rockstar Games, the creator of the Grand Theft Auto series of video games said it would ban crypto and NFTs Grand Theft Auto fan server. Some server run by players had NFTs built in to give some players special cars and weapons, but now that’s not allowed anymore.
earlier this year, Minecraft Developer Mojang Studios said the Microsoft-owned game would no longer allow NFTs on its servers, causing several popular projects to build on it Minecraft Servers, like NFT Worlds, high and dry.
Finally, “Metaverse” is officially a top three contender for Oxford Word of the Year. As we mentioned last week, trademark filings for Metaverse filings have skyrocketed, and it’s no secret why. While Meta continues its mission of building a VR metaverse and things like that The sandbox and decentralized working on Web3 versions, more and more companies and individuals want to get involved.
The Oxford University Press, which publishes the Oxford English Dictionary, is holding a public vote from November 22nd to December 2nd pitting “Metaverse” against “#IStandWith” and “Goblin Mode” for word of the year.
— Oxford University Press (@OxUniPress) November 22, 2022
In other news:
Johnnie Walker and music companies 88rising released a limited edition by Johnnie Walker on Blue Label NFT BlockBar.com in this week. The bottle design was created by streetwear designers VANDYTHE PINK. On Tuesday, Johnnie Walker released a limited number of Johnnie Walker Blue Label bottle NFTs priced at $355 for users to sell on the BlockBar marketplace or redeem for a physical bottle.
From November 27th to December 3rd, Web3 release nf now and urban renewal organization mana together take over 12 buildings and two city blocks in downtown Miami for an immersive experience featuring artists, community partners, speakers and performers. The Gateway: A Web3 Metropolis, sponsored by MoonPaywill include experiences in art, gaming, music, culture and fashion nf now CEO and Editor-in-Chief Matt Medved. “This unifying principle teaches that together is always better, especially in the midst of a bear market,” he told Fortune.
Metaverse Platform The sandboxa subsidiary of Animoca Marks, announced a digital real estate sale of 1,900 LAND parcels for those interested in owning a piece of the virtual world. The lots are located in new neighborhoods in The sandbox and worn by 14 brands and celebrities. The sale begins November 24 and will last for three waves through 2023. Potential buyers can purchase a plot of land near experiences Paris Hilton, TIME, Tony Hawkand Snoop Dogg.
mattelthe creator of Hot Wheels and Barbielaunched its own NFT marketplace this week, building on the Flow Blockchain. The new marketplace will not require buyers to use crypto and will integrate a peer-to-peer trading platform in early 2023. On December 15, the company will release its first NFT collection on the new platform, a series of hot tyres NFTs starting at $25 for a seven-pack include cars from McLaren, Chevrolet, Honda, Aston Martin, Oldsmobile, Pagani, and Cadillac.
This story was originally featured on Fortune.com
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