NFTs deeds for real estate
categories: VR
Posts Tagged ‘Nonfungible tokens NFT’
owning in Metaverse
categories: VR
Can you truly own anything in the metaverse? A law professor explains how blockchains and NFTs don’t protect virtual property
claim that tokens provide indisputable proof of ownership, which can be used across various metaverse apps, environments and games. Because of this decentralization, some also claim that buying and selling virtual items can be done on the blockchain itself for whatever price you want, without any person or any company’s permission.
Despite these claims, the legal status of virtual “owners” is significantly more complicated.
It is in these lengthy and sometimes incomprehensible documents where metaverse platforms spell out the legal nuances of virtual ownership. Unlike the blockchain itself, the terms of service for each metaverse platform are centralized and are under the complete control of a single company. This is extremely problematic for legal ownership.
For example, on one day you might own a $200,000 digital painting for your apartment in the metaverse, and the next day you may find yourself banned from the metaverse platform, and your painting, which was originally stored in its proprietary databases, deleted. Strictly speaking, you would still own the NFT on the blockchain with its original identification code, but it is now functionally useless and financially worthless.
Big Tech and Their Metaverse
Big Tech Needs to Stop Trying to Make Their Metaverse Happen
https://www.wired.co.uk/article/metaverse-big-tech-land-grab-hype
The Metaverse is a fuzzy concept: It entered dictionaries via Neal Stephenson’s 1992 dystopian sci-fi novel Snow Crash, where the Metaverse is the virtual refuge from an anarchy-laden world controlled by the Mafia, and was brought back by a series of blogposts by VC Matthew Ball.
The morality of the Metaverse project is the least of its problems. Unlike Google Glass, the gold standard of tech blunders, it is not an overhyped (and ill-conceived) product: It is pure hype, without a product—except for some hypothetical “building blocks.”
A letter by the CEO of Japanese game developer Square Enix, in which the executive expounded on his interest in NFTs and drew an odd distinction between people who “play for fun” and those who “play to contribute” was also badly received.
NFT
categories: Digital literacy, VR
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more on NFTs in this IMS blog
https://blog.stcloudstate.edu/ims?s=nfts
2022 user interface trends
2022 UI design trends guide
Minimalism, Claymorphism, Brutalism and a look into the future of NFT, VR and Metaverse
https://uxdesign.cc/2022-ui-design-trends-guide-22ddc386557b
- Minimalism and simplification
- Brutalism (and return of the flat)
- Glassmorphism and glass inspired elements
- Aurora backgrounds
- Holographic/Neon
- Eco-conscious “cardboard” style
- Wild typography
- Claymorphism 3D
- NFT’s and democratisation of art
- A glimpse into VR and Metaverse
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more on UI in this IMS blog
https://blog.stcloudstate.edu/ims?s=user+interface
Spatial metaverse platform NFTs
Spatial to focus on becoming a metaverse platform for cultural events and announces $25M in new funding
Spatial, the former augmented and virtual reality (AR/VR) collaboration platform, has today announced a significant company evolution to become the metaverse for cultural events such as NFT exhibitions, brand experiences, and conferences, whether on web, mobile, or VR.
LaTurbo Avedon Is Way Ahead of the Metaverse
LaTurbo Avedon Is Way Ahead of the Metaverse
https://www-wired-com.cdn.ampproject.org/c/s/www.wired.com/story/laturbo-avedon-digital-art/amp
The artist, who only exists online, was working in digital spaces long before anyone talked about NFTs.
The deal with Avedon is this: They don’t exist offline, simply describing themselves as “from the internet.” They are a digitally native creature, building art across online worlds like Second Life, Fortnite, and Star Citizen, and showing said art in prestigious galleries across the United States and Europe.
There’s no separating the art from the artist, because the artist is the art project, a sprightly-looking, nonbinary virtual being untethered from a human body. You could call them a high-art version of avatar influencers like Lil Miquela, although the most apt characterization might be a cross between the Japanese hologram pop idol Hatsune Miku and the pseudonymous British street artist Banksy—the performance of persona is part of the project. Like the ethereal Hatsune Miku, Avedon is visually represented by an avatar. But while it’s out in the open that Miku is a software-fueled collaboration between teams of humans,
Metaverse and NFTs
“the economic layer of Metaverse will be the NFTs”
REVOREDO, T. (2021, November 14). Why are major global brands experimenting with NFTs in the Metaverse? [Financial]. Cointelegraph. https://cointelegraph.com/news/why-are-major-global-brands-experimenting-with-nfts-in-the-metaversehttps://hyp.is/go?url=https%3A%2F%2Fcointelegraph.com%2Fnews%2Fwhy-are-major-global-brands-experimenting-with-nfts-in-the-metaverse&group=__world__
what do blockchain technology and NFTs have to do with Metaverse?
it is already possible to identify some of the characteristics of Web 3.0 such as the focus on the user (and not on companies), the massive use of artificial intelligence (as a powerful tool to provide the best analysis and the best result to people), as well as distributed networks (we will no longer depend on the gigantic centralized data servers). Moreover, Web 3.0 content will be more graphical with more videos and 3D images. Also, in Web 3.0, augmented reality (AR) and virtual reality (VR) will be commonplace, bringing more realistic graphics to applications and games
In July this year, Coca-Cola launched branded virtual clothing as nonfungible tokens,
NFTs are the representation of a nonfungible asset in digital media. In a more technical definition, an NFT is a piece of software code that verifies that you hold ownership of a nonfungible digital asset, or the digital representation of the nonfungible physical asset in digital media.
It’s important to notice that NFTs existed before the first blockchain, but blockchain technology has transformed NFT markets by solving the double-spending problem and conferring scarcity, uniqueness and authenticity to a nonfungible token.
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more on NFT in this IMS blog
Nonfungible tokens NFT
categories: announcement
UC Berkeley Will Auction NFTs for 2 Nobel Prize Patents
Nonfungible tokens — called NFTs for short — are units of data stored on the blockchain that are unique and not interchangeable. As NPR recently explained, a $10 bill, which is fungible, could be exchanged for two $5 bills. An NFT is one of a kind, more like a barcode.
The public research university, according to a press release, is auctioning the NFTs for the patent disclosures of two Nobel Prize-winning inventions: CRISPR-Cas9 gene editing, for which UC Berkeley’s Jennifer Doudna shared the 2020 Nobel Prize in Chemistry; and cancer immunotherapy, for which James Allison shared the 2018 Nobel Prize in Physiology or Medicine.
The university will continue to own the related patents.
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more on blockchain in this IMS blog
https://blog.stcloudstate.edu/ims?s=blockchain