Nifty News: OpenSea adds Avalanche, Meta has legs, DeGods takes 0%, and more…

By Clark

Solana NFT project DeGods has removed royalty fees and Zuckerberg says Meta is looking at an open Metaverse as a brand new VR headphones receiver rolls out.

OpenSea has formally unfolded support for the Avalanche blockchain, with the move providing broader access for the network’s native NFT comes and quicker transactions for OpenSea users.

The Avalanche team noted in an Oct. 12 blog post that around 10 of the network’s native NFT comes are at first listed on OpenSea, with additional to come back.

“On Avalanche, OpenSea users can enjoy the quickest time to conclusiveness for NFT trades — often subsiding dealingss in underneath a second — and systematically low transaction fees as a results of Avalanche’s success in horizontally scaling with Subnets,” the post reads.

According to knowledge from CryptoSlam, Avalanche is presently graded because the ninth biggest blockchain in terms of twenty four hour NFT sales volume at simply $75,690, and seventh in terms of all- time sales at $404 million.

The 24 hour figure especially is sort of low compared to Ethereum, Solana and ImmutableX, that denote $6.8 million, $1.5 million and $662,335 value of sales throughout that point frame, though Avalanche has seen the largest volume surge over the past 24 hours at 151%.

The team conjointly printed that Avalanches’ NFT market activity is growing considerably this year, with NFT sales volume increasing one hundred and eightieth since Q2.

The integration with OpenSea might also offer Avalanche NFT some abundant required exposure, as not one project from the network has graded within the high 100 NFT sales volume over the past 24 hours, seven days, thirty days or on the all time sales metric.

Alongside Avalanche, OpenSea conjointly supports Ethereum, Klaytn, Polygon, and Solana.

Meta sees legs on the horizon

In what will solely be seen as groundbreaking news, Mark Zuckerberg’s computer game firm Meta has declared that the avatars in its Meta Horizon World’s metaverse platform can before long have legs.

Legs are coming soon! are you excited? pic.twitter.com/SB6qSepKm4

— Meta Horizon (@MetaHorizon) October 11, 2022

As it stands, Meta’s avatars have had to suffer while not a bottom 0.5, instead floating around Zuck’s virtual sphere.

The news has been overshadowed by a brand new product reveal from Meta but, with the Meta Quest VR telephone receiver set to be unrolled from Oct. 25.

The sleek trying telephone receiver can value $1,499 and touts “next generation optics” and “premium comfort.” whereas it’s unclear if the firm can embody NFT integrations in its metaverse platform at this stage, Zuck prompt in the week throughout Meta’s Connect conference that it’s truly trying to create AN open and practical platform. Meta’s Instagram has notably already unrolled support for NFTs.

“I powerfully believe that an open, practical Metaverse engineered by many various developers and corporations goes to be higher for everybody,” he said.

The VR revolution is afoot. We’ve designed AN all-new telephone receiver full of advanced school and engaged for productivity, inventive work and collaboration. This can be Meta Quest professional, offered 10.25. Pre-order these days. https://t.co/YaFHvwYHlG pic.twitter.com/cBagf0TSGp

— Meta Quest (@MetaQuestVR) October 11, 2022

DeGods ‘next experiment’

Solana-based NFT project DeGods has disclosed its “next experiment” by introducing a 1/3 royalty fee policy for mercantilism its tOObs, yOOts and DeGods NFTs.

As of Oct. 9, the project has reduced its assortment selling royalties from 9.99% to 0%, with the team suggesting via Twitter that it absolutely was viewing new ways to run its NFT in future.

“We still believe that royalties are an out of this world use case of NFTs. we’ll still support creators that need to search out solutions to enforce royalties. We have a tendency to believe this can be the most effective call for our business at this point. It’s concerning that we have a tendency to take a brand new approach.”

To date, its yOOts mint tOOb project has been the foremost winning, generating $753,115 value of sales since launch in September. Members of the community have questioned why the project has stop a crucial revenue stream for itself with the removal of royalties, with the explanations behind the move not entirely clear.

This decision is not good for space. Within the short term groups have mint funds, however long run royalties are the most incentive for groups to stay active, motivated, be able to to grow and use individuals within the house.

DeGods square measure wherever they’re thanks to royalties.

— hⓨxtt (@hyxttcrypto) October 9, 2022

IHOP’s slick new NFT promotion

U.S. diner chain IHOP has nervily born a brand new item on the menu by utilizing “NFT” within the headline of its announcement to draw in eyeballs on-line.

On Oct. 10, IHOP disclosed that it had “dropped its initial NFT,” known as New French toast, before promptly instructive that “the NFT isn’t a non-fungible token, you’ll be able to style and take a look at the new Thick ‘N downy French toast for yourself once eating in or to-go at taking part IHOP locations.”

IHOP’s NFT involves “two slices of thick and fluffy bread dipped in a vanilla, cinnamon batter” and comes in strawberry banana, or lemon ricotta berry flavors.

More Nifty News:

U.S. transmission outlet CNN declared in an exceedingly tweet on Oct. 10 that it’ll before long pack up its NFT project but four months when it launched. Dubbed “Vault by CNN: Moments That modified North American country,” the gathering enclosed a series of tokenized painting news moments from CNN’s 41-year history, at the side of a vault to get, store and show the NFTs.

According to an Oct. 11 report from Bloomberg citing a supply “familiar with the matter,” the U.S. Securities and Exchange Commission is working Yuga Labs over whether or not bound NFTs are “more akin to stocks” and whether or not the sales of bound digital assets violate federal laws.