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    Home»NFT»Web3 Watch: GameStop Opens NFT Marketplace, Magic Eden Fund Focuses on Web3 Gaming
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    NFT

    Web3 Watch: GameStop Opens NFT Marketplace, Magic Eden Fund Focuses on Web3 Gaming

    adminBy adminJuly 13, 2022No Comments6 Mins Read
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    • Crypto Punk # 4464 was this week’s top NFT sale, selling for 2,500 ETH, or $ 2.6 million, on Tuesday.
    • Ethereum name service domain names have the highest sales in the NFT collection in the last 24 hours

    An immersive playboy-themed social and gaming experience is coming to the Sandbox Metaverse. Playboy Land will be home to the Meta Mansion, inspired by the Los Angeles-based Playboy Mansion magazine.

    This license collaboration will include the release of NFT merchandise and exclusive events for the Playboy Rabbitar community. This is the owner of the 3D Avatar-based NFT Goods, first released in October 2021. Owners have special access to MetaMansion experiences, quests and giveaways, the future of the condominium.

    In addition to hosting a party at MetaMansion, The Sandbox will build the largest virtual skatepark in Metaverse. Tony Hawk Land is created in collaboration with Tom Brady’s NFT Marketplace Autograph, which is the origin of the project’s name.

    Hawk said [skate] “Culture into a virtual landscape,” said world champion skateboarder in a statement.

    Autograph plans to create an Avatar NFT based on Hawk and his most iconic equipment and apparel. This includes the skateboard used when landing the first ever 900 at 1999X Games.

    Web3 around the world

    The Web3 initiative is hot all over the world as governments and international companies seek to enter new territories.

    Spain

    Spanish government publication We will issue a grant worth € 4 million to support Metaverse-related development. The Ministry of Economy and Digital Transformation of the country first evaluates companies and individuals working on European Union-based gaming and entertainment projects. Women should make up 25 percent of the participating team members.

    In addition, Banco Santander, Spain’s largest bank, Co-sponsored Global blockchain competition focused on start-ups and scale-ups. The event will be streamed on July 14th at Decentraland.

    Germany

    Deutsche Telekom, a German-based telecommunications company, sponsors an NFT social media campaign to promote volunteer work.

    This initiative, called WhatWeValue, is an activity and community that invites young volunteers from all over Europe to support existing organizations with which Telekom works and to get the opportunity to receive funding from Europe’s largest telecommunications provider. Propose a service project. Selected projects will earn a “Value NFT” and will receive additional support from Telecom’s digital community.

    Korea

    Han Sung Motor, a Korean import car dealer, digitized customer’s digital documents and digital warranty and created it as an NFT. Metadata includes photos, videos, and text that prove ownership of a used car purchased at a dealer. This move is part of a corporate environmental, social and governance (ESG) campaign. according to Hanson Motor reported to Korea Herald that it aims not only to reduce the cost of paper, but also to attract millennial and Gen Z customers.

    GameStop NFT Marketplace debut

    GameStop launched the NFT Marketplace on Monday, shortly after game retailers fired hundreds of employees, including Chief Financial Officer.Forbes report The CEO argued that the change was pursuing “a new product that empowers customers in the digital assets and Web3 gaming industry.”

    By Tuesday afternoon, Gamestop NFT’s volume exceeded 1,028 ETH, reaching at least $ 1 million in the first 24 hours. Messari compared the results of GameStop with the results of Coinbase’s NFT marketplace, which has accumulated about 1,699 ETH since its launch in April.

    @Thrown_eth, now owner of the MetaBoys collection trend At the top of the total volume chart, Tweet About his GameStop marketplace experience. The Layer 2 bridging process was “easy and best” for him, with “a seamless feature to transfer NFTs to L1 (ETH) and sell on OpenSea”, but the market “obviously requires a lot of work”. will do”.

    Another user and “Big NFT Man” @tropoFarmer Tweet “As long as there is volume”, the function will be in the back seat.

    At the time of publication, no collection had a minimum price of more than 1 ETH.

    magic Eden’s Exploring web3 games

    Magic Eden, the largest Solana NFT marketplace, Release A new venture capital fund focused on investing in Web3 games and funding unique games. The company, called Magic Ventures, runs under the company’s internal gaming division, Eden Games, and recently hired former Tencent executive Tony Zhao as head of gaming investment.

    Blockworks had a Q & A session with Zhao and Magic Eden Chief Operating Officer Zhuoxun Yin to learn more about Magic Ventures and its core profile image expanding beyond the NFT business.

    Blockwork: What kind of games and projects are Magic Ventures looking to invest in?

    Zhao: In the first wave of Web3 games, we saw NFT game studios trying to compete directly with high-end game IP in Web2 space. Nowadays, Web3 game projects have gained significant market momentum by introducing innovative applications of real-world user interaction and blockchain technology, rather than directly competing with traditional game studios to launch high-concept games. I have won.Games like Stepn Launching the Walk-to-Earn mechanism and featuring Battle Pass Minting, the Mini Royale became an example of early NFT gaming innovations. Magic Ventures considers games that demonstrate the same ability to provide an immersive, seamless and unique gaming experience.

    Blockwork: Which aspect of the blockchain-based game is Magic Eden most excited about?

    shadow: Games are in the $ 180 billion market today and have 3 billion players worldwide. We are very excited to explore this new frontier with our developers and partners and repeat everything from market infrastructure and tokenomics to game marketing and NFT game education for new users coming to space.

    It provides game developers with essential tools and operational support. Unfortunately, game development takes a long time and there are many issues that builders have to deal with. For example, monetary technology, in-game market governance, user acquisition, etc.

    Blockwork: How is the Metaverse tied to these plans?

    Zhao: We believe that web3 games will be mainstream with millions of users using blockchain and technology will be widely adopted. However, the game and Metaverse projects are still in their infancy. The biggest challenge with web3 games is the need for better, easier to play, and more fun games. This takes time to build.

    Despite these challenges, gaming NFT cases are powerful. We also know that game user behavior overlaps with the existing NFT community, including social, player status referrals, and digital ownership. Blockchain technology introduces innovative gameplay that leverages digital ownership through in-game NFT assets and benefits everyone, including both players and game creators.

    This interview was edited for length and clarity.


    Deliver the day’s top cryptocurrencies and insights to your inbox every night. Subscribe to Blockworks’ free newsletter now.


    • Ornella Hernandez

      Blockworks

      Reporter

      Ornella is a Miami-based multimedia journalist covering NFTs, Metaverse and DeFi. Prior to joining Blockworks, she reported to Cointelegraph and worked on television stations such as CNBC and Telemundo. She originally started investing in Ethereum after hearing about Ethereum from her father, but she never looked back. She speaks English, Spanish, French and Italian. Contact Ornella [email protected]

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