We are excited to announce the publication of “Interoperability is a Fundamental Requirement for the Open Metaverse,” in the proceedings of the 2024 IEEE International Symposium on Emerging Metaverse (ISEMV) held in conjunction with this year’s IEEE Symposium on Mixed and Augmented Reality (ISMAR).
The paper defines technological interoperability and makes the case that an open and inclusive metaverse must prioritize interoperability in order to integrate with past, present, and future IT components. The paper advocates for collaboration within and across industries to create standards that enable innovation and integration at scale.
In the paper, Forum board member Christine Perey explores how the rapid evolution of metaverse technologies hinges on the ability to connect and integrate diverse systems at scale. Risks posed by siloed, proprietary platforms include fragmentation and barriers to innovation. Without interoperability, developers and customers will suffer from “lock in” and be unable to easily choose and personalize their user experiences. Perey outlines three zones where the Forum’s members are advancing the development of interoperability but stresses that there are many more requirements that will need similar investment for success. By identifying requirements in Forum working groups, members are helping Standards Development Organizations to prioritize their metaverse standardization efforts. These efforts are crucial in enabling the full potential of immersive experiences and digital interactions.
By bringing together over 2,600 members, including technology providers, developers, and standards organizations, the Metaverse Standards Forum acts as a hub for pre-standardization discussions, the development of interoperability frameworks, and the promotion of existing and emerging standards. Its working groups are tackling vital areas such as 3D asset interoperability, real/virtual world integration, and identity management, ensuring that the foundational building blocks of the Metaverse are open and interoperable across platforms. This work paves the way for a more inclusive, scalable, and innovative Metaverse.
The Metaverse Standards Forum is actively working on interoperability initiatives shaping the future of the Metaverse. Join us in this mission!
Please read the full paper here, this is also available in the IEEE Xplore library. Please also explore the slides from the ISEMV presentation.
Stylish sisters! The Pitman Sisters, Hasley, 26, Hope, 21, and Halle, 19, are known for sharing dance, beauty, and style content with their 3 million followers across social media, and now, the Florida-born trio is spilling their fashion tips with ET.
While the three are quick to swap style secrets, they each make sure to put a personal touch on their wardrobe choices.
“My style is definitely more minimal, western-inspired and sporty, but I also love a fun statement piece. I think I gravitate to more traditional or timeless looks and my sisters are definitely quicker to take a fun fashion risk,” Hasley explained.
Courtesy of The Pitman Sisters
“I usually stick to the essentials and try to add a funky twist or a vintage piece. I always prioritize what I feel comfortable and good in. I’d say I’m more laid-back than my sisters, but I tend to be a blend of Hasley and Halle,” Hope noted.
“I would describe my personal style as clothes I can usually dance or move around in, while always trying to tap into what makes me feel the most confident. … I tend to enjoy street style and more boho chic looks,” Halle explained.
And if they’re ever in a fashion bind, the sisters look to past and present trends for outfit inspiration.
“I love looking at ’90s fashion and finding influence from icons such as Princess Diana,” Hasley shared.
“I enjoy diving into styling choices and looks from the seventies. My mom is also someone who I can always take fashion inspiration from,” Halle said.
Courtesy of The Pitman Sisters
“I follow a lot of fashion accounts and love looking at runway shows, but street style is where I get most of my ideas. I love watching how people mix and match,” Hope shared.
As for what they can’t wait to wear as the weather cools down?
“I am loving all the brown, and maroon tones, as well as the suede,” Hasley dished.
“Layering and accessorizing are two ways I love to elevate my style in the fall,” Halle told ET.
“I love throwing on jackets and sweaters over any outfit, but I really want to start playing around with more scarves and hats,” Hope spilled.
Have you wondered, why people are paying huge amounts of cash on digital assets that don’t physically exist? The NFT space has exploded and is indeed being sold for millions of dollars. It seems like the craze is not slowing down anytime soon. In this blog, we’re diving into the world of the most expensive NFTs ever sold, breaking down the reasons behind their jaw-dropping prices, exploring the hype, and predicting where this booming market might go next.
Here’s a list of the top 10 most expensive NFTs ever sold, offering insight into the significance and value of these unique digital pieces.
Top 10 Most Expensive NFTs Ever Sold:
RankNFT NameArtistAmount1The MergePak$91.8 million2Everydays: The First 5000 DaysBeeple$69.3 million3ClockPak and Julian Assange$52.7 million4CryptoPunk #5822Larva Labs$23.7 million5CryptoPunk #7523Larva Labs$11.75 million6TPunk #3442Tron-based (Joker)$10.5 million7CryptoPunk #4156Larva Labs$10.26 million8CryptoPunk #3100Larva Labs$7.67 million9CryptoPunk #7804Larva Labs$7.6 million10Right-click and Save As GuyXCOPY$7 million
1. “The Merge” by Pak – $91.8 million:
The highest-selling NFT to date is Pak’s “The Merge.” This NFT was sold in December 2021 for a record-breaking $91.8 million, but what sets it apart is the fact that it wasn’t a single piece, but a collection of masses purchased by over 28,000 collectors. Pak, known for boundary-pushing digital art, created a dynamic and evolving NFT, which highlighted the potential for interactive digital ownership.
2. “Everydays: The First 5000 Days” by Beeple – $69.3 million:
Beeple, a renowned digital artist, made headlines when his “Everydays: The First 5000 Days” was auctioned at Christie’s for $69.3 million in March 2021. This artwork represents a collage of 5,000 digital images Beeple created daily over 13 years, demonstrating the evolution of his artistic journey and the growth of the NFT market. Beeple’s work is credited for helping legitimize NFTs in the traditional art world.
3. “Clock” by Julian Assange and Pak – $52.7 million:
“Clock” is an NFT designed to raise awareness and funds for WikiLeaks founder Julian Assange’s legal defense. Created by Pak in collaboration with Assange, this NFT sold for $52.7 million, positioning itself as one of the most expensive NFTs ever sold. It shows a dynamic countdown of the days Assange has been imprisoned, adding a political and activist dimension to the NFT space.
4. CryptoPunk #5822 – $23.7 million:
CryptoPunk #5822 is part of the iconic CryptoPunks collection and was sold for a staggering $23.7 million in February 2022. This specific Punk, one of only nine alien punks, is distinguished by its blue skin and bandana. Its rarity and the historical significance of the CryptoPunks collection made it highly desirable for collectors.
5. CryptoPunk #7523 – $11.75 million:
Often referred to as “Covid Alien,” CryptoPunk #7523 was sold for $11.75 million in June 2021. This NFT, another from the rare alien series, gained additional significance due to its character’s medical mask, symbolizing the pandemic era. Its combination of cultural relevance and rarity makes it one of the top-selling NFTs.
6. TPunk #3442 – $10.5 million:
TPunk #3442 is from the TPunks collection, which was created on the Tron blockchain and is often seen as the “Tron version” of CryptoPunks. It was sold for $10.5 million to Justin Sun, the founder of Tron, which contributed to its popularity. The NFT’s design, resembling a Joker-like character, further heightened its value and appeal in the NFT space.
7. CryptoPunk #4156 – $10.26 million:
Sold for $10.26 million in December 2021, CryptoPunk #4156 is one of the most valuable pieces in the CryptoPunks collection. This particular NFT stands out with its ape appearance and blue bandana, adding to its rarity. The combination of these factors made it one of the highest-grossing sales.
8. CryptoPunk #3100 – $7.67 million:
CryptoPunk #3100 sold for $7.67 million in March 2021, making it one of the rarest and most expensive CryptoPunks. It features a character with an alien design and a white headband, contributing to its appeal among collectors.
9. CryptoPunk #7804 – $7.6 million:
Another major sale from the CryptoPunks collection, CryptoPunk #7804, sold for $7.6 million in March 2021. Known as the “digital Mona Lisa,” this punk is depicted wearing a cap and sunglasses and smoking a pipe. Its unique combination of attributes, combined with its alien design, made it highly valuable.
10. “Right-Click and Save As Guy” by XCOPY – $7 million:
This NFT was sold to Snoop Dogg for $7 million in December 2021. Created by XCOPY, this piece mocks critics of digital art and NFTs who claimed that NFTs had no value because you could simply “right-click and save” the digital file. Despite its meme-like nature, it became an iconic and valuable digital artwork, highlighting the intersection of culture, satire, and technology in the NFT world.
This NFT is a great example of how NFTs can capture cultural and political moments. The value comes not only from the art but also from the context in which it was created.
Analysis of Value and Appeal: Why Are NFTs Worth So Much?
Now that we’ve seen some of the top sales, the question is What makes these NFTs so valuable? Here are a few key factors driving the high prices:
1. Rarity:
Rarity increases value in a similar way to traditional collectibles. There are only 10,000 CryptoPunks in the world, and some are more sought-after than others due to characteristics like as wearing unusual items or being aliens.
2. Cultural Relevance:
NFTs, such as Beeple’s “Crossroads,” provide a distinct historical context by capturing a political time. When it comes to digital art that speaks to society as a whole, people are prepared to pay top cash.
3. Ownership and Provenance:
NFTs use blockchain technology to provide ownership that can be verified. NFTs have ownership that cannot be disputed since they are connected to the blockchain, unlike real works of art that may be faked or stolen.
4. Flexibility and Utility:
Some NFTs are more than just static pieces of art. An example will be having Beeple’s Human One which can be modified over time and therefore updated. This kind of flexibility adds yet another dimension to the value proposition.
5. Speculation:
Let’s not forget about the speculative nature of NFTs. A majority of buyers are purchasing assets in the form of NFTs with the intention to hold them, hoping that their worth is appreciated in the future, similar to purchasing shares or properties.
Market Trends: Where Are NFTs Headed?
The NFT market has been growing at an astronomical pace, but like any market, it’s bound to experience some shifts. Let’s break down a few key trends we’re seeing:
1. NFT Utility IsEvolving:
The idea of NFTs is moving beyond static visuals, as we’ve seen with dynamic NFTs like Beeple’s “Human One.” More creative uses for NFTs are probably in store, such as digital apparel, concert tickets, and virtual real estate in the metaverse.
2. NFTs in the Gaming Industry:
A growing number of games now support NFTs, letting users purchase, exchange, and sell in-game items for NFTs. This development may change the way we see player ownership and virtual economies.
3. Mainstream Adoption:
Celebrities, musicians, and even large corporations are entering the NFT market. Sports leagues are making NFT trading cards, and Twitter’s Jack Dorsey sold his very first tweet as an NFT for $2.9 million. NFTs are expected to grow in popularity as more mainstream companies join the market.
4. Environmental Issues:
There has been debate over NFTs. The environmental effects of blockchain technology are a common topic of criticism, particularly when considering the energy needed to mint NFTs. Although some platforms are tackling this by implementing more environmentally friendly blockchain technologies, the market will still be concerned about this.
Future Predictions of NFTs:
It’s hard to say where the NFT market will go from here. Some believe it’s a bubble waiting to burst, while others think it’s just the beginning of a digital renaissance. What’s clear is that NFTs have already changed the way we think about ownership, art, and value in the digital age.
On the other hand, NFTs could establish themselves as a mainstay of the digital economy. As additional sectors of the economy, including as entertainment and fashion, adopt NFTs, the industry may experience consistent long-term development.
NFTs may reach new heights as a result of the emergence of the metaverse, or virtual environments where users interact with digital assets. Consider becoming the owner of a virtual mansion or piece of art in an entirely virtual world. This may increase the need for NFTs even further.
NFTs have captured the world’s attention, and while some argue that the market is inflated, there’s no denying that digital ownership is a powerful concept. From rare CryptoPunks to Beeple’s record-breaking artwork, the most expensive NFTs are more than just pixels, they’re status symbols, cultural landmarks, and, in many cases, financial investments.
So, what do you think? Are NFTs just a passing trend, or are they the future of art, ownership, and digital culture? Let me know your thoughts in the comments, who knows, maybe you’ll be the next big NFT collector! For more updates on NFTs and the latest trends in Web3, be sure to subscribe to our newsletter!
Clarkson’s Farm star Kaleb Cooper has revealed how he achieved his impressive weight loss.
Kaleb is a star on Jeremy Clarkson‘s hit Amazon Prime show, Clarkson’s Farm. It follows the pair as they work on Diddly Squat Farm.
Kaleb has become a firm favourite with viewers, with many wanting to keep up with his personal life. Now, in a new interview, Kaleb has opened up about his weight loss.
It comes after Jeremy suffered a health scare, which resulted in him having to have heart surgery.
Kaleb has revealed he’s lost nearly a stone (Credit: ITV)
Kaleb Cooper from Clarkson’s Farm
Chatting to The Sun, Kaleb, 26, said he’s on a sugar-free diet. He said: “I’m on a no-sugar thing, and it’s all because I had this dream. I did and didn’t understand the dream, but I knew I had to quit sugar.
I’m on a no-sugar thing, and it’s all because I had this dream.
“I went to tell Taya [his partner] and she thought I wouldn’t do it. I’m four weeks in now, and I’ve lost six kilos, which is pretty good.”
He added: “I do have the odd cheat day, but only sugars that naturally occur.”
Kaleb also shared a health update on Jeremy following his heart surgery. He said the former Top Gear host is “doing all right” as he branded him a “fighter” and “strong man”.
Earlier this month, Jeremy, 64, opened up about his health scare. The TV star said he went to hospital after suffering symptoms following a swim on holiday.
Jeremy said he felt “clammy”, had a “tightness in my chest” and “pins and needles in my left arm”.
Writing for The Sunday Times, he said he had to “take a moment to make sure my limbs were working properly” when he stood up.
TV star Jeremy recently suffered a health scare (Credit: SplashNews.com)
Jeremy Clarkson health scare
Jeremy said he also struggled to climb a flight of stairs “without holding someone’s hand”.
He explained: “Back at home, though, the sudden deterioration began to gather pace. I woke on Wednesday morning not feeling too good. I was clammy and there was a tightness in my chest.”
Read more: Clarkson’s Farm star Kaleb Cooper admits ‘it was all going so well’ following hospital dash
After going to hospital, Jeremy said: “It seems that of the arteries feeding my heart with nourishing blood, one was completely blocked and the second of three was heading that way.”
Jeremy said doctors believed he was potentially “days away” from becoming very ill.
Do you like watching Clarkson’s Farm? Tell us on our Facebook page @EntertainmentDailyFix.
The review embargo for Dragon Age: The Veilguard is reported to lift today, ahead of the game’s release on October 31st. However, one website has accidentally broken the embargo, giving us a small glimpse of what to expected.
Noisy Pixel presumably got a little too excited and posted their review early. While it has now been taken down, it also appeared briefly on OpenCritic.
While I didn’t manage to peruse the full review before it was hastily taken down, a quote from it did appear on Opencritic, along with the score of 8.5 out of 10.
“Dragon Age: The Veilguard may have hit a few big stumbles along its path to release, but ultimately manages to deliver an innovative and fully-realized take on the series’ world, exploration, and combat. “read the quote. “The role-playing aspect has taken a minor hit in the process, but the game still boasts one of the best casts its studio has ever created, an engaging plot, and answers to many long-held questions, in addition to the best battle system in BioWare history.”
Dragon Age: The Veilguard has proven slightly divisive since it was officially revealed. The initial trailer’s tone caught fans off guard with how different it seemed to paint the new game compared to the grittier style of the previous titles. But gameplay released later on seemed to ease at least some of the doubt. That said, there is still a notable presence online rooting for the game’s failure. Despite that, it’s currently the number one pre-ordered game on PlayStation, indicating that people are at somewhat excited for it.
Of course, it’s rarely ever a good idea to pre-order a game, chums. Best keep your money firmly in your wallet until you can get some idea of a game’s state at launch.
We may receive a commission on purchases made from links.
Warner Bros
At the dawn of the 1980s, Warner Bros. had two major in-house artists who could do just about anything they wanted. One was a movie star, the other a filmmaking genius, and they couldn’t have been more different in aesthetic or temperament.
Clint Eastwood was a television star who found big-screen success by making Spaghetti Westerns in Europe with an upstart named Sergio Leone before becoming the avatar of the angry, Miranda rights-burdened American police officer as “Dirty Harry.” Stanley Kubrick was a Bronx born-and-bred autodidact who found his love for filmmaking via photography; after a string of critical successes with “Paths of Glory,” “Loilita” and “Dr. Strangelove or: How I Learned to Stop Worrying and Love the Bomb,” he was hailed as a visionary for the groundbreaking “2001: A Space Odyssey,” upon which he became renowned for his perfectionism and technical boundary pushing.
We like to play the “what if” game with legendary director and actor pairings around here, but there is almost certainly not an alternate universe where Eastwood and Kubrick hooked up. Unlike Kubrick, Eastwood liked to work quickly, shooting very few takes and moving on, whereas the meticulous auteur could shoot over 100 takes to get whatever it is he thought he needed. These fellas were not simpatico.
So it’s no surprise Clint Eastwood hated “The Shining,” and didn’t mind saying so on record.
Eastwood did not consider The Shining a masterpiece of modern horror
Warner Bros
In a conversation reprinted in “Conversations with Clint: Paul Nelson’s Lost Interviews with Clint Eastwood, 1979-1983,” Eastwood tore into Kubrick’s adaptation of Stephen King’s “The Shining” — and while you might vehemently disagree with the man, you at least have to admit he was entertainingly wrong.
Here’s Clint letting ‘er rip:
“I was joking the other day because Kubrick had put that byline on the movie poster: ‘A masterpiece of modern horror.’ Even some of the execs at the studio said, ‘Stanley, maybe you better wait and let some reviewer stick that byline on the film, because it might be considered a little forward of you to do it.’ Evidently that got overruled and he just went ahead and did it. We were talking about ads for ‘Any Which Way You Can.’ I said, “Well, maybe we should call it ‘a masterpiece in modern comedy and adventure.'”
Eastwood went on to share his experience of watching the movie on the WB lot, where it went over like a lead zeppelin, primarily because no one found it scary. As Eastwood noted, “If it had been a new director, they would’ve bombed it right out of the building.” How anyone could find “The Shining” anything less than viscerally and psychologically terrifying (the film really does a number on the human body) is beyond me, but Eastwood was adamant that the film, in his view, stunk on ice. “It was just a giant failure. The greatest example in the picture is that there just wasn’t anything at all terrifying about it. That ax scene, coming in with the ax to hit Scat [Crothers], it’s dead as a d***.”
Kubrick never responded to Eastwood’s criticism, nor did he address Stephen King’s displeasure with his adaptation. Why bother? He could always call up his pal Steven Spielberg, who was so obsessed with the film he watched it 25 times after it came out (and later inserted it into “Ready Player One”). And Eastwood could content himself in that “Any Which Way You Can” was the fifth highest grossing film of 1980, outpacing “The Shining” by $26 million at the U.S. box office. One way or another, everybody won.
NetVRk has announced some big news, including a new chapter with the launch of the alpha version of its metaverse platform. But what is the NetVRk Metaverse? This article will explore NetVRk’s cross-platform virtual world built on Unreal Engine 5, the immersive environments, AI, blockchain and GameFi, user-generated content and monetization, community and what’s coming next to show you the platform’s future.
Immersive Virtual Worlds
At the core of NetVRk are immersive and interactive virtual worlds that increase user engagement. You have a creation engine to build and customize your own worlds. Whether you’re exploring new worlds or building your own, NetVRk is a way to interact with digital spaces.
Using top gaming engine, Unreal Engine 5, NetVRk has high-definition environments and graphics that stand out from other metaverse platforms. You can play a variety of gameplay experiences, from relaxing exploration to high-intensity shooter scenarios. The metaverse also hosts social events like virtual parties with celebrities and interactive competitions for individual and group play.
AI Features
One of the main features of NetVRk is the integration of AI. The metaverse is populated with AI-powered non-player characters (NPCs) that have emotional intelligence and memory. This means you can build relationships with AI characters in the game world. These AI companions are non-fungible token (NFT) assets that you can customize, trade and own, adding a personal touch to your virtual experience.
Blockchain and GameFi
NetVRk has blockchain and GameFi integrated into the ecosystem. The platform’s economy is a token-based marketplace where you can enhance AI companions, customize personalities, and buy digital skins and assets. Cross-chain functionality means you can compete in various arenas and earn $NETVR tokens and NFTs. This adds competition and incentives to participate and increase overall user engagement.
User Generated Content and Monetization
NetVRk democratizes 3D content creation; you can create experiences using simple prompts or intuitive interfaces. Like building in games like The Sims, content creation is easy and accessible. You can monetize your creations by interacting with AI companions, trading digital assets, buying land and building virtual environments. This encourages creativity and gives real-world value to in-game activities.
Community and Social
Community building is also core to NetVRk. You can interact in virtual worlds, shop online, participate in social events and compete in interactive competitions. These features increase digital interaction and make you an active contributor to the evolving metaverse.
Upcoming Developments and Features
NetVRk is entering a new phase with several big announcements this quarter:
New Marketplace: A new marketplace that will increase rewards flowing into the NetVRk Reserve and benefit token stakers.
Land Auctions in NETVR: Land auctions will be in NETVR tokens only, increasing token utility and demand.
New Launchpad: A new launchpad coming soon with more opportunities and announcements the community will love.
Staking System Update: An updated token staking system with increased pool weight in the NetVRk Reserve and more incentives for token holders.
DAO Voting Power: Token holders will have more governance rights in the decentralized autonomous organization (DAO).
More Utilities for Staking Pool: New distribution mechanisms to encourage participation and engagement.
Landowners and Token Holders
One of the big features is the ability for landowners to stake their NETVR tokens in their land plots. This feature not only gives more rewards but also more governance rights. The weighted staking system means staked tokens in land plots get a boost based on land type and increase demand for tokens and land.
Conclusion
With these coming soon, now is the time to accumulate NETVR tokens. These tokens will be required for land auctions and to access the full staking system.
NetVRk will also have competitions and campaigns where players can share their interactions with AI NPCs on social media. Viral content will be rewarded, adding a competitive and community aspect to the experience.
NetVRk could take the metaverse to new heights. With high-end graphics, AI, blockchain and user-generated content, it’s a dynamic and immersive virtual world with endless possibilities. As the platform grows, users will have even more to look forward to, and NetVRk could be a leader in next-gen digital interaction.
Editor’s note: Written with the assistance of AI – Edited and fact-checked by Jason Newey.
Jason Newey is a seasoned journalist specializing in NFTs, the Metaverse, and Web3 technologies. With a background in digital media and blockchain technology, he adeptly translates complex concepts into engaging, informative articles.
It seems there’s been some confusion on who can play the upcoming Monster Hunter Wilds beta test, and Capcom is here to set the record straight.
The issue with so many developers doing public beta tests for their games these days, is that they all do things differently – sometimes they’re open, sometimes they’re closed, sign-ups work differently from place to place, flowery complicated language makes it unclear who can even take part in them. It’s a bit of a ball ache to be honest, and clearly Capcom hasn’t done a good enough job at making it clear who can partake in the upcoming Monster Hunter Wilds beta test, as the developer has taken to the series’ official Twitter account to clear up just who can partake in it – and to be clear, it’s everyone and anyone!
To see this content please enable targeting cookies.
Manage cookie settings
“Hunters, we’ve seen some comments wondering if you need to have pre-ordered Monster Hunter Wilds to access the Open Beta Test,” reads the post on Twitter. “The answer is no, no pre-order is needed to play,” the account clarifies, before cheekily noting that “if you’d like to pre-order after playing the Open Beta Test, that’d be cool!” Part of the confusion probably came from the fact that PlayStation 5 PlayStation Plus players are getting to play it a couple of days before other platforms, but it’s good to have it made a bit clearer. That’ll obviously be quite welcome news to those of you hoping to try it out before pre-ordering the game, too.
Hunters, we’ve seen some comments wondering if you need to have pre-ordered Monster Hunter Wilds to access the Open Beta Test. The answer is no, no pre-order is needed to play!
However, if you’d like to pre-order after playing the Open Beta Test, that’d be cool! #MHWilds pic.twitter.com/YfZrfdjC7c
— Monster Hunter (@monsterhunter) October 24, 2024
To see this content please enable targeting cookies.
Manage cookie settings
Our own Dom got to try the game out at Gamescom earlier this year, coming away from it excited and curious for more, writing, “TL;DR? Monster Hunter Wilds is good. The combat feels scrappier and more in-your-face than ever before, with more tools at your disposal to mess up your prey and more control in your hands to make you feel like a true superhero with your weapon once you’ve got your movement and strings down. This is seriously going to be something special, and I cannot wait to play more.”
Monster Hunter Wilds is out February 28, 2025, on PS5, Xbox Series X/S, and PC.
Published: October 28, 2024 at 6:51 am Updated: October 28, 2024 at 6:52 am
by Ana
Edited and fact-checked:
October 28, 2024 at 6:51 am
To improve your local-language experience, sometimes we employ an auto-translation plugin. Please note auto-translation may not be accurate, so read original article for precise information.
In Brief
CoinShares noted that total inflows for the year have reached $27 billion, nearly tripling the previous record of $10.5 billion set in 2021.
European alternative asset manager specializing in digital assets, CoinShares, published its latest report, indicating that digital asset investment products experienced inflows of $901 million this month, accounting for 12% of the total assets under management, making it the fourth-largest month for inflows on record. Overall, total inflows for the year have surpassed $27 billion, nearly tripling the previous record of $10.5 billion set in 2021.
The United States led the way with inflows of $906 million, while other regions showed varied results. Germany and Switzerland witnessed inflows of $14.7 million and $9.2 million, respectively, but Canada, Brazil, and Hong Kong saw modest outflows of $10.1 million, $3.6 million, and $2.7 million, respectively.
Bitcoin was the primary focus, generating inflows of $920 million. Interestingly, this surge was not mirrored by inflows into short-Bitcoin positions, which experienced minor outflows of $1.3 million. CoinShares suggests that current Bitcoin prices and inflows are heavily impacted by US political dynamics, particularly the recent rise in poll numbers for the Republican Party.
In contrast, Ethereum faced the largest outflows of any asset last week, totaling $35 million, while Solana registered the second-largest inflows at $10.8 million.
Furthermore, blockchain equities are showing signs of recovery, with inflows for the third consecutive week amounting to $12.2 million last week.
Bitcoin And Ethereum Record Price Gains Amid ETF Market Activity
As of the writing time, Bitcoin is priced at $68,541, indicating an increase of 2.22% in the past 24 hours. During this period, the cryptocurrency’s trading range varied between $66,968 and $68,546. Interestingly, Bitcoin started the week positively, coinciding with considerable inflows into spot Bitcoin exchange-traded funds (ETFs).
In contrast, Ethereum has experienced a price increase of 2.60% over the last 24 hours, now trading at $2,534. The intraday trading range for Ethereum was recorded between $2,462 and $2,537, according to CoinMarketCap. However, it is noteworthy that the coin’s recent upward movement appears, despite outflows from spot Ethereum ETFs observed over the past week.
Disclaimer
In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.
About The Author
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
More articles
Alisa Davidson
Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.
In the rapidly evolving world of the metaverse, few projects have captured as much attention as Metahero (HERO). With its focus on ultra-realistic 3D avatars and digital assets, Metahero aims to redefine how we interact with the virtual world. This article dives into what makes Metahero unique, its key features, the technology behind it, and how it is positioned to play a pivotal role in the metaverse ecosystem.
What is Metahero?
Metahero is a blockchain-based project designed to bridge the gap between the physical and virtual worlds. Leveraging advanced 3D scanning technology, Metahero allows users to create lifelike avatars that can be used across metaverse platforms. The project’s native token, HERO, facilitates transactions within the Metahero ecosystem, enabling users to buy, sell, and trade digital assets and experiences.
The Vision of Metahero
The vision behind Metahero is ambitious. In a world where the metaverse is becoming increasingly central, Metahero seeks to offer a solution that brings hyper-realistic digital identities to life. Unlike traditional avatar creation tools, which often result in stylized or cartoonish avatars, Metahero’s approach ensures that every scan is as close to the real person as possible. This is achieved through its partnership with Wolf Digital World (WDW), a 3D technology company known for producing the highest fidelity 3D scans in the industry.
Key Features of Metahero
Ultra-Realistic 3D Scanning: Metahero’s technology captures the minutest details of a person’s appearance, resulting in an avatar that looks almost identical to them. The scanning booths are equipped with 200 Sony A7R cameras capable of creating avatars in stunning detail.
Digital Asset Creation: Beyond avatars, Metahero enables the creation of digital assets. This could range from in-game items and virtual collectibles to artwork that can be minted as NFTs (non-fungible tokens).
Metahero’s Ecosystem: The HERO token serves as the backbone of the Metahero ecosystem. Whether users are looking to scan themselves, acquire a digital asset, or engage in metaverse transactions, HERO is the primary medium of exchange.
Interoperability Across the Metaverse: Metahero’s 3D avatars and assets are designed to be compatible with multiple metaverse platforms. This ensures that users can have a consistent digital identity across different virtual worlds.
Focus on Privacy and Ownership: Unlike centralized avatar creation platforms, Metahero prioritizes user privacy and ownership. Users have full control over their avatars and assets, thanks to blockchain technology that guarantees secure ownership rights.
How Metahero Works
The Metahero ecosystem revolves around its 3D scanning booths located in strategic locations worldwide. Users step into these booths to create a high-fidelity avatar that can be stored on the blockchain. Here’s a simplified breakdown of the process:
Step 1: Scanning: Users enter a Metahero scanning booth, where multiple cameras capture their 3D image from every angle.
Step 2: Avatar Creation: The raw scan data is processed and converted into a 3D avatar using advanced software. This avatar can then be exported for use in compatible metaverse environments.
Step 3: Transactions with HERO: To finalize the scan or to acquire any digital asset, users pay with the HERO token.
Metahero Token (HERO) and Its Role in the Ecosystem
The HERO token is an integral part of the Metahero ecosystem. It enables transactions within the platform and ensures that users can purchase, sell, and trade 3D avatars and other digital assets seamlessly. HERO is also traded on major cryptocurrency exchanges, allowing investors to support the project directly.
The token has been designed with a deflationary model, meaning a small percentage of HERO tokens are burned with each transaction, reducing the overall supply and potentially increasing the token’s value over time.
Metahero’s Place in the Metaverse
As the metaverse continues to expand, Metahero offers a unique proposition by focusing on ultra-realism. The ability to create digital identities that closely resemble real individuals has applications in gaming, social media, virtual events, and e-commerce. By providing a way to bring real-world assets into the digital realm, Metahero enhances the value of virtual experiences and broadens the scope of what can be achieved in the metaverse.
Future Prospects and Roadmap
Metahero is committed to expanding its ecosystem by deploying more scanning booths worldwide and forming partnerships with leading metaverse and gaming platforms. As the metaverse continues to mature, Metahero’s high-quality avatars are likely to be in high demand for users who want a digital presence that mirrors their real selves.
In the world of blockchain technology and the metaverse, Metahero stands out as a project focused on creating a truly immersive digital experience. With its HERO token fueling a dynamic ecosystem of 3D avatars and digital assets, Metahero is poised to play a significant role in shaping the future of the metaverse. Whether you’re an investor, a metaverse enthusiast, or simply curious about the next frontier of digital interaction, Metahero is a project to keep an eye on as the boundaries between reality and the virtual world continue to blur.
You may also like this content
Follow us on TWITTER (X) and be instantly informed about the latest developments…
In a significant leap forward for the cryptocurrency recovery industry, Broker Complaint Alert today announced the launch of its new AI-powered solutions, aimed...
We are excited to announce the publication of “Interoperability is a Fundamental Requirement for the Open Metaverse,” in the proceedings of the 2024 IEEE International Symposium on Emerging Metaverse (ISEMV) held in conjunction with this year’s IEEE Symposium on Mixed and Augmented Reality (ISMAR).
#MHWilds pic.twitter.com/YfZrfdjC7c
