Categories
NFT

How to Create an NFT

What Are Non-Fungible Tokens (NFTs)?

NFTs are a type of token that are going to completely revolutionize entire industries by changing the way we share and consume pretty much everything.

A “fungible” asset refers to something that is interchangeable with another unit of that same asset. A good example of a fungible asset is the US dollar. If I exchange my $1 bill for your $1 bill, nothing really changes. While they are two different pieces of fancy paper, both bills represent the same exact value. That’s fungibility. 

Conversely, a non-fungible asset refers to something of a distinct value. There are no two exactly the same. A good example of a non-fungible asset is a house or a car. 

A non-fungible token is where things get really interesting. We’ll teach you how to create one.

What is ‘Minting’ an NFT?

In essence, minting an NFT means to publish your token to the blockchain. Minting can refer to the creation or buying process. Either way, minting an NFT always results in a transaction on the blockchain. Let’s break down the two minting scenarios: creating and buying.

How Do You Create or “Mint” an NFT?

To create an NFT, you have to go through a publishing process. You can use platforms such as Opensea and Mintable to publish your own NFT creation so that it becomes available for others to buy. This self-publication process is known as minting.

If you are minting on the Ethereum blockchain, then you are also responsible for paying the gas fees to submit the transaction.

Step 1: Set up a Crypto Wallet

First thing’s first, you will need to get yourself an Ethereum wallet to store all your cryptocurrency and NFTs, before creating your OpenSea account. You can view a list of wallets accepted by OpenSea here.

One of the most common NFT wallets that people prefer to use is Metamask.io. If you would like some guidance on how to set up your Metamask wallet, check out this helpful guide: How to Set Up Your MetaMask Wallet.

Step 2: Buy Ethereum/or other cryptocurrency

How to Purchase Ethereum (ETH) on Coinbase And Send it To Your Wallet

  1. Go to Coinbase.com
  2. Sign in, or create an account
  3. Click Buy Sell, and select Ethereum
  4. Click, Preview Buy, to confirm your order and then select, Buy Now, to complete your purchase.
  5. When your ETH is available (up to 15 days), send it from Coinbase to your wallet
  6. Open up your Metamask (or any other acceptable wallet) account and copy your wallet address
  7. Go back to Coinbase and select Portfolio, and choose Ethereum. Click, Send, and then paste your wallet address that you copied into the To field. (Always double check you pasted your full wallet address)
Step 3: Choose an NFT Market Place to Create & List Your NFT

The most popular marketplaces include Opensea, Superrare, Foundation, and Rarible. We will be teaching you how to create an NFT on Opensea, but check out our article for the best 8 NFT marketplaces to explore.

Step 4: Create an Opensea Account

After you create your crypto wallet, Navigate to opensea.io and click the Profile icon. You’ll then be prompted to connect your wallet. You will continue through multiple prompts, finishing with the connection screen. When you see “Connecting…” OpenSea to your wallet, you’re almost done.

If you’d like to change your username, click the three-dot menu on the right side of the screen and select Settings. You will receive an extra security prompt, click Sign and you can begin updating your profile.

Now you can customize your bio, email address, profile photo, and more. 

If you ever have trouble viewing your items, make sure your wallet is connected correctly. OpenSea is a window into your wallet address, showing all the NFTs inside.

Step 5: Create Your NFT
  1. Sign into OpenSea
  2. Go to Create, or choose Collection if you’re minting a collection
  3. Enter the name of your NFT and/or collection
  4. Upload any desired media for your NFT 
  5. Customize your OpenSea URL
  6. Add a description up to 1000 characters
  7. Give your NFT a category to help others find it on OpenSea
  8. Enter in any social and website links
  9. Input a royalty percentage (up to 10 percent)
  10. Choose which blockchain you want to mint on (Ethereum or Polygon)
  11. Select Create

Congratulations, you have successfully minted your first NFT on the OpenSea NFT marketplace. Moving forward, if you created a collection, you can always mint new NFTs into that collection.

Keep in mind that you can not change the metadata of any NFT you mint. The metadata includes everything in the list above. So be sure to double check all of your work before minting your NFT.

Step 6: Determine the Listing & Sales Options

When you go to sell an NFT on OpenSea, you may notice that there are four different types of listing options available for you to choose from:

  1. Fixed price (Buy Now)
    The fixed price listing option will put your NFT on sale for a Buy Now price. This listing strategy is straightforward and good if you have a set price for the NFT you’re selling.
  2. Dutch auction (Begins high, ends low)
    When you list your NFT using the dutch auction strategy, you are simply setting a starting price, ending price, and the duration of the auction. As time progresses, the original price decreases until reaching the set floor price.
  3. Auction (Starting price, or reserve price)
    The Auction listing option is your standard English auction. You simply list your NFT for a minimum price and then you allow buyers to bid on it. You also have the ability to set a reserve price and you can accept any offer you would like.
  4. Bundle (list multiple NFTs as one bundle)
    Bundling your NFTs is a great choice if you are looking to sell more than one NFT to the same buyer. When you bundle multiple NFTs, only one transaction is required as opposed to multiple, meaning you the buyer saves on having to pay numerous gas fees.

There are no costs associated with creating and listing an NFT on Opensea. However, OpenSea takes 2.5% of every transaction involving an NFT that a user chooses to list using OpenSea.

Creators can set a collection-level fee of up to 10%. This means creators can earn revenue every time their NFT is sold using OpenSea. The creator can modify this fee percentage at any time.

Keep in mind that if you are making a collection for someone else or as part of a group, OpenSea does not support contract level splits. So, if you need to split revenue between two parties, you will have to do it outside of OpenSea. You can find more information on Openseas fees via their help center.

To cancel a listing, click on Cancel listing at the top right of your item page. Please note, canceling listings requires a gas fee to make the item unavailable to other users. Gas fees are constantly changing depending on the volume of transactions on the blockchain. You can read more about gas fees here.

Categories
NFT

The 15 Best Metaverse Games

The term “Metaverse” has become more of a constant area of discussion now that the burgeoning Web3 movement has taken hold. And at the heart of that movement is a collection of games that embody the best parts of what the metaverse has to offer. The best metaverse games tend to offer an online multiplayer experience with a constantly evolving universe and even a game of that ilk that also offers play-to-earn mechanics within a world governed by NFTs. Here are 15 worthwhile interactive experiences that will bring you right into the ever-changing metaverse.

RELATED: What is the Metaverse? A Beginners Guide

What Are Metaverse Games?
Sky Mavis

Today’s gaming sphere has been a major part of the metaverse due to the presence of virtual experiences that offer connected digital worlds full of player avatars performing any number of actions. And those actions usually revolve around owning NFTs in the form of assorted items such as plots of land, participating in massive events that bring the game’s vast community together, and more. Metaverse games embody those aforementioned characteristics while also mashing up elements of virtual reality, cryptocurrencies, and a bevy of other interactive activities.

What Do You Need to Play Metaverse Games?
Epic Games

Like most modern-day video games, you’ll need a video game console, PC, or mobile device to play the likes of Fortnite and Minecraft. And of course, you’ll need a stable internet connection to be able to explore the living worlds the best metaverse games are contained within. A few of the games on this list also employ the usage of virtual-reality devices, so copping one of the models developed and released by Valve, Sony, HTC, and HP is a worthy investment. And for the play-to-earn games full of cryptocurrencies or digital money, getting yourself a blockchain wallet is a must.

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1. ‘Fortnite’

Epic Games’ blockbuster battle-royale game has become a mainstream force on the tip of everyone’s tongues whenever video games enter the conversation. To see how far Fortnite has come since its 2017 debut is fascinating – it started out as a tower defense-shooter and survival game, then it threw in a battle royale mode that pushed its popularity to mammoth proportions. The Fortnite we know today is the epitome of a metaverse game – players get to choose from a wide gamut of avatars that are lifted from other games, movies, TV shows, comic books, cartoons, and so much more. And besides all the running, gunning, and building these game entails, Fortnite has been known to throw in universe altring events and even put on concerts that feature some of the most prominent musical artists. Any game that lets you pit Goku against John Wick in an assault rifle battle defines just how wild the metaverse can be in its current state.

Play It Here
https://www.epicgames.com/fortnite/en-US/download
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2. ‘Minecraft’

Minecraft is another genre-defining experience known far and wide by gamers and non-gamers alike. And as one of the best metaverse games, its primary focus is on allowing players to explore, fight, and create within a world spread across a nearly limitless array of 3D spaces. Minecraft is constantly changing in some manner thanks to the efforts of the players themselves – the jaw-dropping architectural marvels they construct are constant proof of that sentiment. And just like Fortnite, there’s a wealth of customizable avatars that reflect the likeness of popular characters that are pop culture icons. Minecraft’s explorable worlds are full of creativity and unique ways to interact with them all.

Play It Here
https://www.minecraft.net/en-us/get-minecraft
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3. ‘Roblox’

Roblox is more than just a game – it’s an online game platform and game-creation tool that’s attracted so much attention from young impressionable minds. What’s so fascinating about it is the fact that kids who have no idea about what developing games truly entails are getting their first bit of training in that field just by creating simple games of their own through Roblox. We’ve chosen to place it on this list of the best metaverse games due to it offering a healthy online community with several methods of interacting with each other through immersive spaces. Roblox’s world is regularly filled with millions of young players getting their first taste of everything that makes up the metaverse.

Play It Here
https://www.roblox.com/
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4. ‘Axie Infinity’

Axie Infinity is certainly the most recognizable and widely played online multiplayer game that employs the implementation of NFTs. The gameplay on offer here is similar to that of Nintendo/The Pokémon Company’s blockbuster Pocket Monster collecting franchise. Players go out of their way to build up an army of digital pets known as “Axies,” which double as the game’s collectible NFTs that can be minted by whoever’s earned them. The metaverse vibes are very strong here as players also have the ability to purchase plots of land and homes that their Axies can inhabit. Axie Infinity’s NFT-fueled economy, play-to-earn gameplay focus, and an online community full of freshman players & experienced “scholars” point to its strong classification as a metaverse game.

Play It Here
https://axieinfinity.com/
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5. ‘Illuvium’

Illuvium is a trendsetter within the metaverse gaming space – it holds the distinction of being known as the self-proclaimed “world’s first IBG (Interoperable Blockchain Game).” In simple gaming terms that are easier to wrap your head around, it’s an “open-world exploration, NFT creature collector and autobattler game” that caters to fans of RPGs. Players maneuver through Illuvium’s huge explorable world while capturing “Illuvials,” which can be used for battles within the game’s PvP battle arena. The other actions this game entails are playing to earn crypto in ILV tokens, trading on a thriving virtual marketplace with other players, acquiring land, and more.

Play It Here
https://play.illuvium.io/
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6. ‘Decentraland’

Back in 2020, Decentraland came to fruition as a virtual world where players have the ability to create, explore, and trade as much as they please. The MANA cryptocurrency is primarily relied upon to make everything move in this game’s expansive 3D plane of existence – that digital currency can be put towards customizing one’s avatar, purchasing a long line of wearable items, and even copping some land. You can get on your landowner vibes by renting out your space or whatever other locales that happen to lay upon it. It’s pretty wild how players can use their land to put on all types of events, such as concerts and digital art auctions, and even earn some money in the process. If that part of the game excites you, be sure to set up a MetaMask ASAP! As the “first fully decentralized world,” Decentraland is a treat for curious onlookers looking to get sucked into one of the best metaverse games.

Play It Here
https://decentraland.org/
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7. ‘Somnium Space’

Remember how we mentioned that some metaverse games immerse you even more into its digital expanses via VR headsets? Now we’re set to speak on one of the best ones out there right now – Somnium Space. While there is a traditional play mode to hop into, it’s best if you get the most out of this game via VR. Every part of this game’s world is created by its thriving community, plus all those in-game assets are representative of players’ true ownership of such goods via the Ethereum and Solana blockchains. Somnium Space will definitely trip you out – being able to dive into all types of movie theaters, parks, schools, and more from a first-person VR viewpoint is mindblowing.

Play It Here
https://store.steampowered.com/app/875480/Somnium_Space_VR/
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8. ‘The Sandbox’

What was originally a mobile-only experience eventually evolved into a PC game that’s a blockchain-based 3D open-world game. The Sandbox’s name should give you a clue about what it has to offer. Players create their own blocky avatars, who then go on to create a litany of things through the blockchain and smart contracts. The game’s marketplace allows you to sell off your many creations, plus you can let your creative instincts run wild as The Sandbox lets you create your very own interactive experiences. Getting your hands on some digital estates and perusing through other players’ wonderfully crafted locales is where most of the joy comes from within The Sandbox.

Play It Here
https://store.steampowered.com/app/265810/The_Sandbox/
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9. ‘My Neighbor Alice’

My Neighbor Alice is the perfect metaverse game for anyone that’s poured countless hours into games such as Harvest Moon, Stardew Valley, and Farmville. You’ll be thrown into a cheerful world that’s home to your very own virtual farming plots and islands, plus you’ll be tasked with selling off the goods produced by your healthy livestock. The presence of NFTs comes into play in the form of sellable houses, animals, house items, etc. that can be sold through the game’s own marketplace and any other participating blockchains. My Neighbor Alice is the type of metaverse game suited towards gamers that enjoy a calm farming/building simulator.

Play It Here
https://myneighboralice.medium.com/our-launcher-has-arrived-5dcef115efdb
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10. ‘Bloktopia’

Taking a deep dive into Bloktopia will introduce you to a world full of expanse and wonder. The cyberpunk vibes are very strong here as the game’s central location is filled with neon colors and “made up of 21 levels to pay recognition to 21 million Bitcoin.” Holding “Blok” tokens within Bloktopia’s world gives you the right to be classified as a “Bloktopian.” As for what your digital duties are, you’ll get the chance to play all sorts of custom games, build networks, activate advertising campaigns via “Adblok,” etc. in a bid to earn yourself real-world revenue. Bloktopia is known as “the home of crypto,” which is certainly a lofty self-description. Based on everything it has in place, it looks as if that statement rings true.

Play It Here
https://www.bloktopia.com/
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11. ‘Alien Worlds’

The inhabitants of Earth have now found a way to explore deep space – by traveling through a wormhole that takes them to “exoPlanets.” The mysterious planets on the other end of that form of interplanetary transport harbor “Trilium” (the official in-game currency), which can be mined, used to vote in Planetary elections, and put towards increasing a planet’s reward pool. The space-themed metaverse at the heart of this game is massive and features NFTs in the form of land, minions, weapons, etc., that match up well with Alien Worlds’ traditional gameplay mechanics.

Play It Here
https://play.alienworlds.io/?_gl=1*1ihgh1h*_ga*MTMxNTMzMzE1OC4xNjY5MTcwNDg3*_ga_L2GPJHYBRV*MTY2OTE3MDQ4Ny4xLjAuMTY2OTE3MDQ4Ny42MC4wLjA.
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12. ‘Splinterlands’

The metaverse at the core of Splinterlands revolves around a community of players fighting for glory during a highly addictive collectible card game. Over 500 collectible cards with 64+ abilities in tow can be obtained here, which also double as NFTs. You’ll get to participate in some hard-fought battles with your deck of battle-hardened cards, trade them with the rest of the game’s community, and earn cryptocurrency credits just for winning as much as possible.

Play It Here
https://next.splinterlands.com/login/email
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13. ‘Star Atlas’

Another one of the best metaverse games on this list also happens to take place in the stars above. Star Atlas is themed around extensive space exploration, fighting for territories, and making careful political moves that can either benefit you or hamper your progress. What’s in place here is a hardcore strategy experience that gives its players true ownership over their assets, such as spaceships, various structures, vast resources, and more. Star Atlas’s metaverse endears itself well to fans of Star Wars and Star Trek.

Play It Here
https://play.staratlas.com/
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14. ‘Gods Unchained’

If Splinterlands caters to your collectible card game tendencies, then you might also want to take a deep dive into this next pick, Gods Unchained’s gameplay should become a favorite of Magic The Gathering: Arena fanatics (which makes all the sense in the world since this game is led by the former game director of Magic, Chris Clay). The play-to-earn portion of this game comes in the form of sellable cards (which are NFTs) that can be bartered with other players over the Ethereum L2 blockchain.

Play It Here
https://godsunchained.com/auth/register
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15. ‘DeFi Kingdoms’

The pixelated goodness of DeFi Kingdoms definitely takes us back to the 16-bit golden era of 16-bit RPGs. The crucial collectible that players can get their hands on while playing is the “Jewel” power token, which is used for gas on the DFK Chain. “Crystal” tokens can also be obtained and swapped with other players, which also plays into the game’s healthy blockchain community. You’ll also get a kick out of this game as you collect battle-ready Hero NFTs, go on epic quests, get friendly with pet NFTs, and fight hard during card game duels. Currently, DeFi Kingdoms is playable on Katyn, which is a metaverse-focused blockchain network.

Play It Here
https://game.defikingdoms.com/
Categories
NFT

Australian Open Art Ball NFT Serves New Season of AO23 Tickets, Updates, Rewards

As the market navigates the crypto winter, Grand Slam NFT project, Australian Open ‘ArtBall’ brings new heat in the midst of ‘crypto winter,’ staying on-strategy to commit investment and announce plans, set to significantly renew holder optimism. 

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In a demonstration of the most extensive rewards program on the blockchain, AO ArtBall serves holders an unprecedented level of tickets to major tennis and live sport events in a game changer year of member benefits that includes AO23 Ground Passes, exclusive behind-the-scenes streams and an enhanced fan experience. 

Designed by Tennis Australia and Web3studio Run it Wild, AO ArtBall announces an unprecedented level of AO23 tickets for all NFTholders. Additionally, holders will also receive access to live sport and entertainment events that cover both virtual and real worlds, Australian and international events. This new frontier of token-gatedexperiences breaks new ground in rewarding holders with experiences-at-scale, they may not ordinarily have access to. 

Every ArtBall holder will be able to claim a pair of complimentary seven day Ground Passes to finals week of AO23 as part of the ArtBall Ground Pass to live events. Given the 6,776 collection size, this will be the largest release of tickets to an AO membership program in the history of the event. Holders of multiple ArtBalls will be able to claim multiple pairs of Ground Passes based on the quantity they own. For example, if someone owns three ArtBalls, they can claim six tickets, allowing them to treat their family and friends to an unforgettable finals week (23-29 January) at AO23.

Ridley Plummer, Senior Manager Metaverse, NFT’s, Web3 and Cryptocurrency, Tennis Australia

“We believe we’re delivering what an NFT should be. We’re offering fans truly unique experiences and creating memories that last a lifetime. We don’t believe any other project is offering Grand Slam tickets and the range of member benefits on this scale, to all holders. Whether it’s your first time in Rod Laver Arena, a heightened experience in a virtual world, seeing your favourite player, team, or artist play or learning something new in Web3, it’ll be rewarding,

Serving up a new way to experience sport, AO ArtBall exists at the intersection of sport and innovation, unlocking ways to keep fans in the game – on and off the court. Changing the way AO’s fervent fan base are invested beyond the 14 day tournament, ArtBalls already come with a plot on the court. If the winning shot from any of the ~400 AO matches lands on that plot, the ArtBall is updated in near real-time to highlight the match information and attach a holographic sticker to the ball casing showing it’s a Match Point ArtBall. 

“Last year we set a new precedent at the intersection of tech, art, tennis and live data. This year we’re breaking new ground in offering all holders a deeper fan experience. We’ve shifted gears to build out a sustainable membership platform for the future that adds in token-gated experiences as a given, founded on proof of ownershipand holder demand,” said Adam De Cata, Run it Wild Founder and NFT Tech CEO. 

AO ArtBall raises the bar once more since becoming the world’s-first Web3 project to incorporate live match data and win an Entertainment Cannes Lions award for Sport. “We believe we’re one of the most extensive rewards program on the blockchain, the experiences on offer to ArtBall holders are truly memorable, unique and accessible,” De Cata added. Here’s a glimpse of what’s to come for AO ArtBall in 2023.

What’s new for AO ArtBall 2023 

ArtBall Ground Pass 

In addition to the pair of AO23 Ground Passes, ArtBall holders will get access to select United Cup matches in Sydney, Brisbane and Perth. United Cup is the first mixed teams event for equal points and equal pay, taking place from 29 December through to 8 January. 

“AO ArtBall continues to over deliver. Ground Passes to AO23 would be an unforgettable experience for my friends and family. I never expected to be rewarded with so many benefits. Thanks for ArtBall, I already own a rare signed t-shirt autographed by tennis legends, a number of POAPs[6] and wearables in addition to recently attending the Moto GP for the first time with my family,” said Discord member Justice Albatraoz, holder of four ArtBalls. 

The ArtBall SuperSight 

Artball SuperSight is an exclusive curated experience for AO Art Ball members. Aiming to deepen the fan experience, SuperSight will bring members behind the scenes of AO23. Supersight also offers an exclusive suite of streams and viewing tools for members located anywhere in the world, allowing them to engage with the AO remotely. This includes Player-cams, 3D Stats Explorer and AI personalized match highlights. 

All enhanced Match Point experience 

Using Chainlink VRF (Verifiable Random Function) technology, all AO22 & AO23 ArtBalls will be randomly allocated a new court position. This unique benefit ensures existing holders, in less desirable locations e.g. under the net, get a fresh opportunity to secure Match Points from their new plot. The ‘23 Match Point experience is set to include 3D match point visualization and digitized match footage. 

Expansion of international rewards 

2022 saw dedicated holders battle it out in rapid fire trivia to secure exclusive tickets to other Grand Slams including Wimbledon and Roland Garros. Testament to the vast partner network of Tennis Australia, ArtBall members could also access international experiences beyond tennis, including club tickets, stadium tours and signed merchandise from Arsenal and the New York Mets. To ensure international ArtBall holders are kept in the game, the ‘23 collection will see an expansion of international rewards for holders via collaborations with iconic Web3 projects and brands. 

Categories
NFT

What are Layer 1 (L1) Solutions in the Blockchain, and Why Are They Important?

But First, What Is Blockchain?

Blockchain is a system of recording information designed to make it difficult to change, alter, or hack the information once recorded. A blockchain is a digital ledger duplicated and distributed across an entire network of computer systems. All that information is stored in blocks that form a chain of historical reference. 

“The blockchain is a database that stores information from transactional records in a universal ledger. Assets are traded and tracked on the blockchain, reducing risk and cutting costs for everyone involved.”- Alex White-Gomez.

Alex has a more in-depth answer to the question in his article What are Layer 2 (L2) Solutions in the Blockchain and Why Are They Important?” I highly recommend taking a look if you are interested in learning more.

What is Layer 1 in the Blockchain?

A Layer 1 is the foundation level of blockchain architecture. Layer-1 blockchains validate and execute transactions on a consensus public ledger without support from another network while reimbursing validators or miners with cryptocurrencies. 

There are two types of Layer 1s, Proof of Work or POW and Proof of Stake or POS. When using proof of work networks such as Bitcoin or Ethereum Classic, there are users called miners that have computers set up to crunch answer complicated equations. The reason why all the systems compete to answer those equations is to update the ledger when things change. When the answer is found, a block is created. That block rewards the first miner for getting the solution with a cryptocurrency.

An example would be if you sent a Bitcoin to a friend, the Ledger worldwide has to be updated. So, for the next block, every machine answers the same question to agree that you sent that Bitcoin to a friend. When people talk about Layer 1s, however, they often refer to Ethereum, which has recently moved to Proof of Stake. POS is where a validator has locked up a certain number of coins and runs a validation node that will validate when changes are made to the network. Instead of crunching complicated equations for blocks, random validators are selected to simply recognize that a change has occurred in the ledger. In either case, POW or POS is the operational layer on which the network functions. There are some cases where Layer 1 is used to facilitate actions such as minting an NFT; however, those transactions require the use of the primary leisure for validation, unlike a Layer 2, which circumvents that validation with an often cheaper, sometimes faster system built on top of a Layer 1 network.

What is Layer 2 in the Blockchain?

Layer 2 solutions extend the functionality of the layer network they are built on. It is often an attempt to correct a limitation of a Layer 1 network—all of which can range from transaction speeds and fees to total throughput and security. 

Layer 2 is a term used for solutions created to help scale an application by processing transactions off of the Mainnet (layer 1) while still maintaining the same security measures and decentralization as the mainnet.

ONE37pm writer Alex White-Gomez has a more in-depth answer to the question in his article What are Layer 2 (L2) Solutions in the Blockchain and Why Are They Important?” I highly recommend taking a look if you are interested in learning additional information.

Layer 1 vs. Layer 2: What are The differences?

A layer one network is a network that acts as infrastructure for other applications, protocols, and networks to build on top of a public decentralized layer one network’s primary characteristic is its consensus mechanism. Different consensus mechanisms provide different levels of speed, security, and throughput.

There are just as many similarities as differences between Layer 1s and Layer 2s. Layer 1 systems are typically decentralized networks that use a consensus mechanism such as POS or POW to update their Ledger. Layer twos can be decentralized or centralized, but they often bypass the mainnets consensus mechanism In an effort to increase transaction speeds and reduce transaction costs or gas fees. 

One way to look at Layer 1 versus Layer 2 is by thinking of the Internet as a whole. If the Internet or the World Wide Web is Layer 1, where everything takes place, then Layer 2 would be the web browser you use. That is a gross oversimplification; however, it is the easiest way to view it. If you use the open systems interconnection (OSI) for reference, a Layer 1 could be levels one through six, whereas a Layer 2 could be seen as levels three through seven. The OSI is a conceptual model created by the International Organization for Standardization which enables systems to communicate using standard protocols. While not the same as blockchain, it gives you an idea of how similar Layer 1s and Layer 2s are to each other. 

Just as there are several versions or types of layer 1s (Bitcoin, Ethereum, Cardano), there are multiple types of layer 2s (Polygon, Arbiritum). Ultimately, Layer 1 is intended to be the backbone of the user experience. A Layer 2 solution is intended to improve the Layer 1 network by giving a solution to a problem that is believed to exist on Layer 1 for the user. Where Layer 1 is intended to be the backbone of the user experience.

Which is better, Layer 1 or Layer 2?

 It doesn’t appear as though either is better than the other. Where a Layer 1 mainnet is often the definition of security because of its consensus mechanisms, a Layer 2 solutions do not always carry that security. Instead, they strive to do so while improving the end-user experience.  Though Layer 2 solutions are intended to enhance the speed or throughput of the network, many updates to layer 1s, such as Ethereum’s move to proof of stake, can improve a Layer one directly. It is to each his own when it comes to which Layer 1 or Layer 2 network you choose to experience the best of web3.

Categories
NFT

Johnnie Walker Collaborates With VANDYTHEPINK and 88Rising to Release Special Blue Label Bottle

Through a first-of-its-kind collaboration with BlockBar, the world’s first direct to consumer NFT marketplace for luxury wine and spirits, and the Web3 consultancy Vayner3 – the NFT holders will have the opportunity to take part in a token-gated voting experience, giving holders the ability to inspire VANDYTHEPINK’s final design of the physical bottle. This will be the first time a Blue Label Bottle’s design has ever been influenced by an NFT community vote.

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This will be the first time artwork by VANDYTHEPINK will debut in Web3 and the first time BlockBar will host a community-impacted release where NFT holders will vote on artwork to be featured on the bottle. 

VANDYTHEPINK is a highly celebrated streetwear designer known for his progressive and playful take on icons derived from pop culture around the world.

With Johnnie Walker Blue Label as his canvas, VANDYTHEPINK created a series of iconographies and colorways in collaboration with Johnnie Walker and 88rising that holders will rank upon purchase of the NFT. Taking inspiration from his culture and personal experiences, VANDYTHEPINK focused on thematics of progress, harmony, balance, beauty and quality. He found beautiful synergies in these qualities in the craftsmanship of Johnnie Walker Blue Label and the community built around 88rising to conceptualize the artwork for this bottle release.

Junghoon Vandy Son, founder of VANDYTHEPINK

Johnnie Walker Blue Label has become a recognized symbol of prestige and I am excited to imprint my artistic vision on one of the most iconic blended Scotch Whiskies in the world. Inspired by the complex harmony and depth of character, I wanted my artwork to be emblematic of the balance within the bottle while representing the communities Johnnie Walker and 88rising bring together.

By purchasing the NFT on BlockBar.com, holders will also have VIP access to attend ‘V’ curated by Vayner3 at SCOPE Miami Beach on Friday, December 1st. NFT holders will have the opportunity to meet VANDYTHEPINK, vote on the final bottle artwork and receive a signed, serial numbered commemorative piece of artwork while enjoying an elevated Johnnie Walker Blue Label tasting experience. 

More on the Drop

After December 1, the Johnnie Walker Blue Label NFT will update to reflect the community voted on artwork and become the design on the VANDYTHEPINK edition Johnnie Walker Blue Label bottles. The physical bottles once created will be held securely by BlockBar with a record of authenticity held on the blockchain as a digital certificate of ownership until the NFT is redeemed.

The VANDYTHEPINK x Johnnie Walker Blue Label limited edition release will drop publicly on BlockBar.com at 10AM ET on Tuesday, November 22.

BlockBar’s Johnnie Walker token holders, Johnnie Walker POAP holders and select Web3 community members will have early access to purchase this release beginning 24 hours before the public sale.

The NFT priced at $355 USD (approx. 0.30 ETH) may be purchased by individuals who are over the legal drinking age in their respective jurisdictions from BlockBar.com with ETH or credit card. At 10AM, the first users to reserve the bottle will then have 10 minutes to check out. Users who successfully check out will receive an NFT (digital version) representing a proof of authenticity and ownership of the physical bottle, which is stored with BlockBar until the bottle owner is ready to “burn” the NFT to redeem. Bottle owners can gift or resell this NFT on the BlockBar.com marketplace. 

Sophie Kelly, Senior Vice President of Whiskies, DIAGEO North America.

I’m incredibly excited to see where the design of this Johnnie Walker Blue Label collaboration with VANDYTHEPINK ends up. We are thrilled to be pushing boundaries in Web3 as this is a first of its kind creator collaboration with an NFT marketplace, ultimately allowing the BlockBar community to play with unique VANDYTHEPINK icons to co-create a one-of-a-kind Johnnie Walker Blue Label bottle with us.

Categories
NFT

AXE and ONE37pm to Release Edition’d Digital Collectible with nes100pro, Providing Access to “V” at Art Basel

Blockchain Boom: Brands Taking Over Web3

In 2021, we saw the strength of web3’s takeover in mainstream culture— from Cryptopunks, VeeFriends, and Beeple to token-gated events and metaverse parties.

This year, despite the volatile economic times, the mainstream adoption isn’t slowing down. With thousands of new NFT projects emerging daily, and big-name companies entering the metaverse, the opportunities for brands in the blockchain space are endless.

Traditional and pre-blockchain brands like Nike, The Hundreds, and Adidas have jumped in on this cultural phenomenon. We’ve also seen new brands emerge during this time such as RTFKT, World of Women, and Doodles. Web3, what many thought was a passing fad, is now expected to permanently cement its presence in art and daily life.

Unless you live under a rock, it’s clear that the future of art is now both digital and physical. 

The world’s No.1 men’s fragrance brand AXE is also no stranger to web3*. In March of this year, its parent company, Unilever, filed several metaverse-related trademark applications.

And let’s not forget when AXE broke the internet in 2021, after releasing its Doge coin-inspired body spray. The spray, dubbed “Dogecan,” was a limited edition release marketed as a 48 hour crypto scent with a “Dank Musk.” 

AXE has solidified its brand as a mainstay in male culture, staying on top of both current and emerging trends. The brand recently teamed up with popular rapper Lil Baby to create “the Ultimate Drip Kit: The Limited Edition ‘WHAXE Pack,” along with a scent-inspired animated series.

AXE’s Upcoming Release

Now, AXE is continuing its innovation in the blockchain space through a limited edition digital collectible and experience at Art Basel.

To bring this vision to life, AXE and ONE37pm are collaborating with renowned 3D artist nes100pro, who will create a hyperrealistic digitally animated collectible with 137 editions. You have a chance to win one of these tokenized tickets by entering the sweepstakes here.

The sweepstakes, live now, will be open until November 21.

Nes100pro is a 3D Generalist and NFT Artist based in Switzerland. He is best known for his surrealist art style, as well as his project Rona’s Hands. He currently works with some of the world’s biggest music companies and brands— the latest being Nike’s latest virtual art gallery, Dunk Museum.

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Access and Utility

But wait, there’s more. Those who get the collectible ticket will also be gaining access to “V: The Experience,” presented by VaynerX, the most exclusive event at this year’s Art Basel.

While Art Basel remains the premier destination for traditional art, it’s recently taken on a crypto-centered overhaul. This year, “V” will serve as the epicenter of the web3 festivities and take place at SCOPE Miami Beach’s stunning pop-up pavilion on December 1st.

Within “V,” nes100pro’s token-gated ticket will also grant access to the AXE/ONE37pm Lounge, one of the premier activations at the event where attendees will be able to celebrate Web3 and culture with influencers, friends, and partners alike.

This unique space will showcase thought leadership and brand innovation, highlight and promote artistic diversity, and deliver access and exclusivity in one of the most creative and inspiring settings possible. There will be both a day and night portion of the event.

Follow ONE37pm on Instagram and Twitter as well as AXE for more updates on Token Ticket Giveaways and social sweeps as Art Basel approaches.

ENTER THE SWEEPSTAKES HERE
https://axe-giveaway.one37pm.com/

* Source: Euromonitor International Limited; Men’s deodorant & Men’s fragrances retail value sales combined; 2021 data, includes all Axe/Lynx sales

TRANSPORTATION NOT INCLUDED WITH PRIZE. NO PURCHASE NECESSARY. Open to 50 US/DC, 21+. Ends 11/21. Rules: https://axe-giveaway.one37pm.com/

Categories
NFT

What Are the Best Music NFT Projects?

Today, we’re gonna be taking a look at some of the best music NFT projects out right now. At this point in time, web3 has completely altered the trajectory of the music industry, and is showing no signs of slowing down. Based on our own research across OpenSea and other essential resources like Water & Music, we were able to discern some very notable projects from the pack.

RELATED: Water and Music’s Year in Review: The Music World is Evolving

This is not to say go out and buy these NFTs, we’re more so looking to highlight some of the standout projects. Remember, in the web3 world, things are ever-changing, so we’ll be updating our list as time goes on. All of the statistics featured are as of November 14, 2022. Without further ado, here’s our list (in no particular order).

1. SAN Origin
OpenSea

Items: 10,000

Creation Date: September 2022

Chain: Ethereum

Hailing from the SAN music ecosystem, SAN Origin is one of the top trending music NFTs on OpenSea, and for good reason. In order to understand the NFT, you have to understand the body behind it, SAN Sound.

According to their website, SAN is “a music-centric ecosystem dedicated to transforming access and experiences for independent musicians and their fans.” They essentially take the sophisticated areas of technology and use it to help artists of all kinds build.

Their NFTs can either be traded or “Soulbound” after minting, which gives the minter indefinite access to the ecosystem. This ecosystem is geared to solve many issues, like educating artists on building their brands (especially in web3), offering artists ways to understand the data behind their content, and even helping artists to get more exposure for their creations. This is just the tip of the iceberg.

Click here to see the project.

2. KINGSHIP
OpenSea

Items: 5,000

Creation Date: May 2022

Chain: Ethereum

KINGSHIP is an interesting NFT project, that seems beyond obvious. Consisting of three Bored Apes and a Mutant Ape, this “musical group,” so to speak, is signed to Universal Music Group’s 10:22pm imprint, and they were the first to make such a project with Bored Apes.

If you were to check out the KINGSHIP site, you’d come across the storytelling aspect of this very interesting project. The in-depth anecdote follows the artists on their path to greatness, dating back to their earliest days together at Really High School. In addition to the vivid storytelling that supplements this interesting project, they’ve garnered a brand partnership with M&M’s, which is presumably the first of many. The project also has included the likes of Hit-Boy and James Fauntleroy, appropriately embedding them into the cunning storyline.

So far, the KINGSHIP story has four chapters, New Beginning, Rider, New “Music” Trait, and Kurt the Roadie. Any of the 5,000 tokens provide “access to music, exclusive content, utility, community, and token-gated experiences over time.” In addition to their primary tokens, people have the option to buy tokens for their respective characters like Kurt the Roadie.

Click here to see the project.

3. PIXELATED by Sammy Arriaga
OpenSea

Items: 4,000

Creation Date: June 2022

Chain: Ethereum

Sammy Arriaga is no stranger to the ONE37pm pages. As the headline of our previous article featuring Sammy states, he’s no ordinary country music star. To emphasize that point even more, we’re about to take a deeper look at his web3 ventures.

PIXELATED by Sammy Arriaga is just one of his projects, but it’s made its way into this piece for its recent relative high performance. The project is essentially one of the artist’s songs, structured into 4,000 unique NFTs with 150 unique characteristics mixed between PFPs (profile pictures). There are 12 different versions of the song, which all are exclusively dropped through this medium. Between the 12 song versions and 150 design features, each of the 4,000 items is made to be characteristically different.

Some of Sammy’s other notable projects include METAGIRL by Sammy Arriaga, Pulse Pass by Sammy Arriaga, THE Airdrops by Sammy Arriaga, and Sammy Arriaga – The Singles.

Click here to see the project.

4. Snoop Dogg – B.O.D.R
OpenSea

Items: 32

Creation Date: February 2022

Chain: Ethereum

Snoop Dogg’s B.O.D.R album (Born on Death Row) was made particularly for web3, and at this point it’s clear why. The project has pulled in 901 ETH, which in today’s exchange rate (1 ETH to 1,234 USD) totals out to a little over 1 million dollars.

Backed by Gala Music and Snoop (obviously), this project was set to thrive from the start. Snoop has over two decades of music industry experience and performance experience, so he knows exactly what he’s doing at this point. This project (and the other Snoop-backed projects) are a shining example of web3 success to up-and-coming artists. This really goes to show how successful an endeavor like this can be, and how much more favorable it is compared to the traditional music industry route of shamelessly pursuing label deals. Did we mention the album features the likes of Nas, T.I., DaBaby, Nate Dogg, Uncle Murda, Wiz Khalifa, and Lil Duval? This is Snoop’s third album under Death Row, but his first album as the acting owner of the entity.

Click here to see the project.

5. The Orbs by BT
OpenSea

Items: 3,333

Creation Date: February 2022

Chain: Ethereum

The Orbs by BT is yet another project backed by Gala Music. This one has separated itself from the pack with its unique approach to the content delivered. As described by themselves in their OpenSea bio, “The Orbs, created by BT, are a collection of 3,333 live animated, three dimensional objects, terrains, skies and stars with audio reactive animation, camera movement, lighting and surface textures. The music itself, including live synthesis and sequencing is generated in real time living with permanence on the blockchain.

In its first 9 months, the project has accumulated 2,591 ETH in total volume on OpenSea, which as of today (11/14), roughly equates to over 3 million dollars.

Click here to see the project.

6. WVRPS by WarpSound (Official)
OpenSea

Items: 9,999

Creation Date: January 2022

Chain: Ethereum

WVRPS by WarpSound has made its way onto our list today thanks to its proven track record on OpenSea. Here’s the basic rundown: WVRPS is the first collection of PFP and AI-generated music NFTs minted on the Ethereum blockchain.

The mission behind this project is somewhat questionable in the music community (regarding the automated aspects of this project, which replace the role of creatives), but regardless, the project seems to be loved dearly. With 6,152 ETH in total volume on OpenSea, the project has generated roughly over 7.5 million USD (as of 11/14).

Click here to see the project.

7. Moonshot by Violetta Zironi
OpenSea

Items: 2,500

Creation Date: April 2022

Chain: Ethereum

Of all the projects we’re highlighting, Moonshot by Violetta Zironi is an interesting project in particular. Based on 5 songs written by Violetta, Moonshot features 2,500 hand-drawn pieces from her father.

So far the project has roughly 850 owners of its corresponding NFTs, with 167 ETH in total volume so far. The hyper-personal feel to this collection of NFTs is what separates it from its competition on OpenSea.

Click here to see the project.

8. Hume Genesis
OpenSea

Items: 1,035

Creation Date: July 2022

Chain: Ethereum

Created in July of 2022, Hume Genesis is an NFT project which plays on the notion of the future. The project sets its story in the year 3045, and fills this story with futuristic Sci-Fi elements, which in many ways feel real. Hume aims to “build an open metaverse, free from the tyranny of the Xani Republic.”

Hume Genesis NFTs come in three tiers, and all holders are granted access to the Hume Collective. The tiers obviously create some sort of discernment in rank and access within the collective, but everyone who is a holder has the same relative motive: being a member of the collective, and having a hand in building out the careers of the “metastars.” These metastars are artists created by Hume, which are rolled out in NFT form. The first of these characters is angelbaby.

Click here to see the project.

9. Reo Cragun: Frameworks
OpenSea

Items: 333

Creation Date: September 2022

Chain: Ethereum

Frameworks is yet another project worth highlighting. This audiovisual project is in partnership with both Sound.xyz and Bonfire.

Frameworks has been the first to utilize Sound Protocol and be hosted on sound.xyz and reocragun.xyz at the same time. The project also claims to be the first of its kind to “have 5 golden eggs under one contract.”

The project of 333 NFTs features 5 songs, and has drawn in over 24 ETH so far. Though this number doesn’t quite stack up to some of the projects mentioned, it’s worth noting that it’s only two months old at this point. It’s been trending on OpenSea’s music category, and now we see why.

Click here to see the project.

10. FiFi Rong Music NFTs
OpenSea

Items: 41

Creation Date: June 2021

Chain: Ethereum

FiFi Rong Music NFTs is a project that kept popping up on OpenSea’s music charts. If you happened to notice the date in the stats section, you probably noted that this artist was pretty early for the music space on OpenSea, especially compared to our other mentions in this piece.

To understand the project, you must understand the artist behind it. Fifi Rong is an avant-pop artist who calls the UK home. She was born in China, and the country’s culture has a home within her brand. FiFi Rong has appeal to many demographics of people, and has made her way onto our list as a shining example of exactly what underground artists should be aiming to do. The power of web3 is helping up-and-coming talent make a full-time career all the more feasible without any particular corporate backing.

Click here to see the project.

Categories
NFT

Day One Helps Entrepreneurs Build Better Businesses — Here’s How They’re Democratizing Ownership with Crowdfunding and NFTs

The underlying technology that makes NFTs possible (blockchains + smart contracts) continues to prove useful in a widening array of applications. 

From loyalty programs to token-gated restaurants, and everything in between. 

It’s fascinating to watch NFTs become integrated into business models that strive to turn customers into communities and Day One is yet another example of a company to do this. 

I had the chance to interview Andrew Hutton, the co-founder of Day One, a community-focused virtual school for entrepreneurs in diverse stages and interests, about their approach of incorporating NFTs as part of their public crowdfunding campaign and beyond. 

Andrew co-founded Day One after working on the build side of a venture studio, advising entrepreneurs to help them start and grow their businesses. During that time, he worked with hundreds of founders and became fascinated by the process of what it took to go from nothing to something in business. 

After 3 years of this work, Andrew began thinking about his next step and realized that in Venture Capital, it’s very much a 1 in 100 or even 1 in 1,000 chance of investment and support, so he decided that he wanted to build a “spiritually and fundamentally similar place for entrepreneurs to get resources, community, coaching, guidance and learning that [founders] would get from a VC, but democratize the process.” 

You can check out upcoming Day One tracks here

Democratizing Day One Ownership With a Regulated CrowdFund 

Andrew and his team bootstrapped the first 18 months of Day One to validate their hypothesis that there was a need for their product and then raised their first institutional round toward the end of 2021. 

With their first formal fundraising round complete, they began to experiment with their business model and offerings. 

To date, Day One has launched 8 different tracks, focusing on various parts of the entrepreneur’s journey, with an emphasis on emerging industries (web3 is one of them), and is now expanding with partners who have deep expertise that can help people build better businesses. 

One of their early partnerships is with a familiar name, Gary Vaynerchuk (also an early investor), that will bring in expertise from Gary’s leadership team to help the group within the track “learn the VaynerX approach to business and entrepreneurship and get into things like how to scale, lead with empathy, etc”. 

And as Day One’s business model has progressed, Andrew and the team have kicked off another fundraising round, but this time, anyone can get involved. 

Day One launched a regulated equity crowdfunding campaign through Republic.com open to anyone who invests a minimum of $150. 

And yes, this investment does give you equity in Day One via a SAFE agreement

As part of this crowdfund, Day One offers perks to those who invest more in their company, including discounted access to tracks and the Day One Collective, an NFT membership card.

Creating Ambassadors with Incentives Through NFTs

“The first foundational owners of this NFT will also be owners of Day One.” — Andrew Hutton

The Day One team had been considering a web3 strategy for at least a year and wanted to be thoughtful about the approach. They had a track record of delivering utility to a community through their established product, but saw how effective web3 was at creating and sustaining communities.

The Day One Collective will consist of 505 NFTs initially, and the first wave of NFTS will be given to those who invest $2,000 or more in the company, which creates a scenario that rewards equity holders with a tradeable asset, that also grants access to an exclusive community. 

Typically, when you purchase equity in a business, you have to wait for a liquidity event (E.g. the business is sold) to recoup your investment and take your profit. 

But introducing an NFT to equity holders offers an asset that is immediately tradeable and tied to the value Day One brings to its holders. 

Andrew explained that it is a unique concept, because most NFTs are not owned by equity holders of the specific project or company. 

This scenario offers the best of both worlds — investors do not have to wait years for an exit of their investment that’s largely out of their control. 

They can sell their NFT anytime they please, while still retaining their equity ownership in Day One. 

This creates a strong incentive for those crowdfund investors and NFT holders to be active ambassadors of Day One: 

“When you have the NFT, it incentivizes you to make the community you’re apart of strong and market it. That’s huge for us as a business. It makes sense fundamentally, but we have to be really thoughtful about it.” — Andrew H. 

Andrew went on to explain that the benefits of holding the NFT will evolve over time, but it will act as a membership pass to a highly curated, high-touch community of entrepreneurs. 

And within that community, holders will have opportunities to get insider access to Day One fellows with opportunities to invest in the companies they launch and be part of the ecosystem of investors, mentors, advisors and founders. 

He also added: 

“One other thing we are excited about is that if and when we raise funds either through royalties or subsequent token sales, the funds could be pointed back to scholarships, capital, or seeding the next generation of founders.” — Andrew H. 

The goal is to use NFTs to create a group of people connected around Day One’s vision of helping entrepreneurs to build better businesses to pool their intelligence, connections and capital to create a winning ecosystem. 

Closing Thoughts

The Day One approach to web3 and NFTs is vastly different than most current NFT projects. 

They delivered utility through their product for nearly 2 years first, before issuing an NFT. 

And now, they are allowing crowdfunded owners of Day One to be a part of the exclusive NFT experience. 

Day One will not be reliant on secondary NFT sales to sustain the utility provided back to holders, instead, they have a proven, revenue-generating product as a foundation. 

So if someone believes in the Day One business model, they now have the ability to become an equity holder and NFT holder with a reliance on a proven product. 

Author’s Note: I have been part of Day One for four months as an entrepreneur and can attest to the community, coursework, knowledge sharing and support that’s helped me to grow my own business. 

Categories
NFT

Leading NFT Restaurant Flyfish Club Announces Permanent Location

The search is over. Flyfish Club’s permanent location is now secured: 141 E Houston St, NYC.

Flyfish Club

Located a few blocks east of Soho in Manhattan’s Lower East Side neighborhood within a modern development designed by acclaimed architect Roger Ferris, Flyfish Club will inhabit over 11,000 square feet across three floors.

The space will consist of a bustling cocktail lounge, upscale restaurant, intimate omakase room, and an outdoor space.

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What is Flyfish Club?
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Flyfish Club (FFC) is the world’s first member’s only private dining club where membership is purchased on the blockchain as a Non-Fungible-Token (NFT).

The concept is created by VCR Group (Gary Vaynerchuk, David Rodolitz, Josh Capon, and Conor Hanlon), a team of passionate operators behind several celebrated culinary concepts.

Token-holders are able gain access to Flyfish’s restaurant as well as other exclusive culinary, cultural, and social experiences.

So far, FFC members have been able to enjoy one-of-a-kind events such as private cooking sessions, pop-up events, wine tastings, and parties in the Hamptons and Miami.

How Do I Join Flyfish Club?
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To join FFC, purchase an NFT on Opensea.  After purchasing, create a member profile at Flyfishclub.com and connect your wallet to verify ownership of your token.

For more updates, follow Flyfish Club on Twitter and Instagram.

Categories
NFT

Top Metaverse Platforms to Know

What is the Metaverse?

The metaverse has become a hot topic in recent years. Though its origin is rooted in a 90s science fiction novel, the metaverse gained popularity once it was brought to the forefront of the lexicon in Ready Player One.

It is described in the oxford dictionary as a “virtual-reality space in which users can interact with a computer-generated environment and other users.” But, in reality, it is much more than that. Trendmicro describes the metaverse as “an immersive and interactive operating environment that users can access through various connected means.” In essence, it uses an amalgamation of Web 2.0 and Web 3.0 technologies to provide an interactive element to the existing internet experience.  

What it is maybe far less important than what it is meant to be or even what it signifies. In the late 1990s and early 2000s, the metaverse began to grow out of the massively multiplayer online games of the era. You had titles such as EverQuest, Asheron’s Call, Star Wars Galaxies, City of Heroes, and peeking with World of Warcraft. Each is viewed as simply a video game by the outside world. Yet, to the players, they were worlds people lived in. Many of those people found themselves identifying with the characters that they customize and dedicating days, months, or even years of their life to. More often than not, cultivating friendships and relationships and developing skills such as leadership and communication.

That was the beginning of what we see today as the metaverse. Nowadays, it is not uncommon for some of those MMOs to have evolved into more metaversal enterprises. World of Warcraft stands out the most as it allows people to buy trading cards in real life and receive virtual items in-game. It has also allowed them to use real-world money to purchase items such as horses to expand their in-game universe. However, while each MMORPG represents a proprietary single virtual world, the true metaverse will allow users to seamlessly move between virtual spaces with their virtual assets. 

What will become the metaverse is a virtual world that can be a proxy for the real world. Not necessarily visually, as some of the metaverses appearing on the list below do not replicate reality, nor do they try. Instead, they present an escape or a place where you can have an experience you cannot have in the real world. The advent of web3 brings the possibility of currencies that transcend individual games and allow you to earn an income that can be used to satiate your real-world desires. Web3 also permits decentralization of the metaverse enabling the users to have a say in what happens on the platform. Whereas in the web2 world, many MMOs were taken offline because they were no longer profitable. Web3 also allows the metaverse to be more than just a game of questing and crafting. Instead, entitling you to create items and sell them on a marketplace while also allowing you to meet others in a space; where you can do things ranging from watching movies to dance parties.

One of the offers of the metaverse is that you can buy a car in the real world and get the vehicle in metaverse A.  Then also, be able to drive the vehicle in metaverses B, C, and D. Then potentially sell it in metaverse E, so you can go back to real life and do it again. The number of users will currently vary from metaverse to metaverse.

According to DCL Metrics, for example, there are around 3000 DAU or Daily active users in Decenterland. To put that in context, an MMO from the 90s like Asheron’s call featured 2000 people per server or 12000 DAU, whereas a behemoth like the world of warcraft hosted 12k users per server or 120 million DAU. 

It is possible today to live almost exclusively in the metaverse, pay your bills and interact with people avoiding many of the world’s issues. Recent technology has pushed people towards a world where they choose not to go outside and not to interact with others on a person-to-person basis. Instead, they spend their days at home watching Netflix, meetings on zoom, or standing in a virtual world. The following list features some of the top metaverses and metaversal technologies. We won’t touch much on the play2earn or speculative aspects. However, it is recommended to do your own research into those.

1. Otherside

Yuga Labs has become the poster child for NFTs with their mega-hit Bored Ape Yacht Club. Taking front and center in that world, they seem to be pursuing the metaverse many are clamoring for. What that points to is a metaverse where you will be able to connect with your wallet and utilize the collectibles you already own.  According to the whitepaper,

“Otherside is a world-building platform that provides an exciting environment to play, create, compete, connect, and explore together. Initially, users will experience Otherside through a narrative gameplay experience (aka The Voyager’s Journey) co-developed by Yuga Labs and Improbable and based on the technology from M².” 

Many of the BAYC owners that were lucky enough to experience Otherside’s initial testing have been excited about its future. However, Yuga Labs is known for playing it close to the vest. There is very little information on what they will do with Otherside.

In a 2022 interview with TechCrunch, Yuga CEO Nicole Muniz said, “There will be lots of metaverses” and that an interesting question would be, “Do you own yourself?”. If Yuga asks questions like that, then Otherside has plenty of potential. It may end up being one of the earliest versions of Ready Player One’s Oasis.

Launch date: April 30, 2022

What Is the reason for this metaverse: Play, Create, Compete, and Explore.

Is there a game to play: Yes

What kind of Avatars are available: Various based on compatible NFTS you own.

Crypto compatibility: ETH and APE.

Popularity: 40,000 initial users

More Info: https://otherside.xyz/

2. Omniverse
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The omniverse is a suite of tools developed by NVIDIA technologies to help facilitate the development of virtual worlds by developers and artists. They view the metaverse as the 3D Internet and a place where you will connect to various worlds seamlessly regardless of your access point.

The metaverse—the 3D internet—is delivering enormous opportunities for everyone. From artists building content across multiple 3D tools, developers building AIs trained in virtual worlds, or enterprises building digital twin simulations of their industrial processes, metaverse applications are here and everywhere. – Nvidia

While Omniverse may not be a centralized metaverse platform like many current models, it offers an opportunity to create an interconnected multiverse. In the metaverse of the future, buying a car in one game will let you drive it in another. In the pursuit of that functionality, we need tools like Omniverse. It then falls to the developers to recognize assets across games. That is where the lack of centralization and NFT compatibility will shine. 

Distributed as a free tool, the possibilities of what we will see from Omniverse are endless. Imagine buying the latest Legend of Zelda, and the same master sword you earned there appears as a weapon to use in Destiny. However, we are, as they say, early. It may be years before the ramifications of interoperable digital assets and collectibles are realized the way many want. Yet tools like Nvidia’s Omniverse will make that world a reality.

Launch date: September 20, 2022

What Is the reason for this metaverse:  It is an SDK tool to allow others to create seamless worlds that are interoperable. 

Is there a game to play: None as of yet.

What kind of Avatars are available: Various

Crypto compatibility: N/A

Popularity: New

Pros: A futurist initiative by the world’s largest graphics card manufacturer

Cons: It is just the SDK and will require creative companies and individuals to develop worlds utilizing the technology to be successful

More info: https://www.nvidia.com/en-us/omniverse/

3. Second Life
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Second Life is a platform that allows people to create an avatar of themselves and then interact with other users and user-created content within a multi-player online virtual world. 

“There is no manufactured conflict, no set objective”- Linden Lab

Second Life users, known as ‘residents,’ can explore the world (known as the grid). meet other residents, socialize, and participate in individual and group activities. They can also build, create, shop, and trade virtual property and services.

Second Life has been around for a long time. It could have been the front-runner to a metaverse explosion. However, the developers are not keen to connect Second Life to the metaverse concept. Even tho people have made a real living as clothing designers, dancers, and land barons in Second Life for over a decade 

Launch date: June 23, 2003

What is the reason for this metaverse: To emulate life.

Is there a game to play: Several.

What kind of Avatars are available: Fully customizable.

Crypto compatibility: No. The currency (Lindens) is a self-contained one. Altho, they do have an exchange rate with fiat currencies.

Popularity: 800,000 and 900,000 DAU

Pros: Longevity of the project along with nearly unlimited options

Con’s: Memory intensive client, centralized servers, limited naming conventions

More info: https://secondlife.com/

4. Habbo
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Habbo Hotel has been around for nearly 20 years. Originally intended to be a virtual chat room for teens and young adults. One of the earliest metaverses it’s purposes was to expand the chat rooms and bulletin board systems of the era into a virtual space.In more recent times, it has undergone a rebranding and is now known as Habbo. In addition to the rebranding, an NFT project was dropped late in 2021. Owners of those NFTs are able to use them as avatars in the game.

There are updates planned for Habbo, but as of now, it is almost the same as the original release. Users own a hotel room they can decorate with items they buy or earn through mini-games. They can visit restaurants and shops to interact with other players. The Habbo interface and its use of gems will remind you of popular mobile games.

The developers have done a great job of keeping an active community for over two decades. They appear to be future-oriented, even dropping a Habbo roadmap in 2022. The desire to connect with the NFT space and collab with projects like Cool Cats gives Habbo a brighter future than I thank many realize.  

Launch date: Summer 2000

What is the reason for this metaverse: Chat 

Is there a game to play: Yes

What kind of Avatars are available: 2d customizable

Crypto compatibility: Possibly Eth soon

Popularity: 30,000 DAU

Pro’s: Popular and relevant for the NFT space

Con’s: Current interface and Gem-based system 

More info: https://nft.habbo.com/ 

5. Cryptovoxels
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An Ethereum-based virtual world Crypto Voxels is a fully functional metaverse. Well, in Crypto voxel’s virtual world, there is real infrastructure, such as roads, lands, and buildings. You are even able to buy land with Ethereum and construct whatever you feel like on your plot of land. There are NFTs you can customize your avatars with. The system supports a VR or browser-based experience. There was a cryptocurrency associated with it, $Voxel. It has all the things you want from a metaverse.  

One of the key uses for Voxels is as an event space and Gallery. Yet that highlights the biggest drawback to their system. The lack of information centralization. There is no way to find out what’s going on where or what worlds have what events. Additionally, there are no complex games or worlds to speak of. It is a popular space that lacks some of the polish found in other metaverses. That being said, It shows the potential of a decentralized future.

Launch date: April 10, 2018

What is the reason for this metaverse: NFT Gallery and Event space.

Is there a game to play?: Not really.

What kind of Avatars are available: Customizable NFT-based.

Crypto compatibility: Ethereum.

Popularity: less than 10k registered users. No DAU number is available.

Pro’s: Blockchain-based. 

Con’s: Lack of substance and users.

More info: https://www.voxels.com/

6. Worldwide Webb
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The talented Alex White-Gomez described this one best in his article Welcome to World Wide Webb. Where he said, “Worldwide Webb is actually an MMORPG metaverse game that can be played using pixelated NFTs from your personal collection. As a player, you have the ability to build and create your own community within the world. This includes building your own structures.”

It would appear that Webb does something few of the metaverses do. It connects fans of pixel art and lets them utilize their 2d digital collectibles. Combine that and their willingness to collab with popular projects like the BYOpills you get a unique interconnected experience.

Launch date: December 25, 2021

What is the reason for this metaverse: Reimagine the MMORPG experience

Is there a game to play: Minigames

What kind of Avatars are available: 2d NFT enabled 

Crypto compatibility: None

Popularity:  Unknown

Pro’s: Very connected to the pulse of the NFT space

Con’s: Hard to be a 2d game in a 3D, VR, and AR universe

More info: https://webb.game/

7. Avakin Life
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A life simulation game, Avakin is the spiritual successor to PlayStation Home. In the Avakin metaverse, there is no goal or reason beyond existence and community. In many ways, it is the metaverse people are searching for. The creators pitch it as a world “where you can be anything and anyone – no judgments, no barriers, no limits.”  They set out to do that by letting you create an avatar that represents you. There is a multitude of shopping options ranging from Nike to Timbaland. Once you outfit yourself, there are a multitude of mini-games like bowling you can play with friends. All before you head back to one of your houses to hang out and talk about nothing until the sun comes up.

Not a native NFT project, the developers have shown a desire to reach into that world with recent partnerships like the one with epikprime for the Solar sounds festival. While its centralized nature may not feel like the metaverse of the future, Avakin Life’s popularity is hard to deny. Over 200 million users have downloaded the app and logged into that world. Avakin Life was never intended to be as popular as it is. In an article published to gamesindustry.biz, Avakin developer Ed Morley detailed some complications of the rapid and consistent growth. 

Launch date: December 20, 2013

What is the reason for this metaverse: Socializing.

Is there a game to play: There are mini-games.

What kind of Avatars are available:  Customizable with name brands.

Crypto compatibility: None.

Popularity: 1.4 million DAU

Pros: Massively popular with years of run time and access to a multitude of name brands.

Cons: Centralized, so you could lose your assets if they shut down the servers.

More info: https://avakin.com/ 

8. Dreams
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Dreams was developed by Media Molecule of Little Big Planet fame. It may not be what you would view as a metaverse at first. Yet it fits the definition more than many of those that generally make a list like this, such as Fortnite. The main similarity across all metaverses is that you can visit a multitude of worlds alone or with friends. In Dreams, you can go to one world and be Sonic the Hedgehog, then go to another and join a dance party with Master Chief. While the servers are centralized, the worlds and stories are all user-created.  

In Dreams, you have a powerful game development tool. Its VR compatibility allows users to not only play in VR worlds but create them as well. This allows your experience to be limited only by the imagination. Dreams is a prime example of what the metaverse of the future will offer in terms of tools to allow users to be more than just consumers.

Launch date: February 14, 2020

What is the reason for this metaverse: To let people create.

Is there a game to play: There are plenty of games.

What kind of Avatars are available:  It changes from world to world.

Crypto compatibility: None

Popularity: 1000 DAU

Pros: Dedicated fanbase creating worlds

Con’s: Exclusive to PlayStations platform

More Info: https://indreams.me/ 

9. Core Games
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Core Games lets you create worlds or play games with up to 32 players. It features an endless arcade of free games, experiences, and events. Most of which will be user-designed and built. You start by developing your unique digital persona with the built-in character creator. Then you can explore and socialize alongside your friends throughout the Core Metaverse. In an experience similar in design to Roblox, users can use Lua to code their assets. However, the power of the Unreal engine is Core’s most significant advantage. 

While you can’t import assets into Core, there is Ethereum bases NFT compatibility. One thing you can do now is to feature an NFT you own on your avatar’s shirt. There are plans to expand those capabilities. The fact I can Rock a Veefriend on my shirt is pretty cool. They are looking to cement with more projects to allow for the possibility of those NFTs appearing as avatars for holders. Manticore games seems to be fully ready to embrace Web3 as they develop the Core metaverse.  

Launch date: April 15, 2021

What is the reason for this metaverse: To play and socialize.

Is there a game to play: Yes.

What kind of Avatars are available: Full creation with NFT Compatability.

Crypto compatibility: Ethereum-based NFTs only.

Popularity: 30,000 DAU.

Pro’s: Web3 friendly.

Con’s: Still in the early phases of development.

More info: https://coregames.com/ 

10. Roblox

Roblox is a free-to-play voxel-based game, with in-game purchases available through a virtual currency called Robux. That’s the simplest way to explain one of the biggest games of the last decade. Roblox is a metaverse that allows users to create worlds and experiences using LAU-based coding systems. It allows dozens of players to come together in various worlds. Where they can utilize assets, they purchased from the marketplace or earned in other worlds. 

Roblox is one of the most successful metaverse companies to date, going so far as to be listed on the New York stock exchange. It has even transcended the digital space with physical toys available at most major retail outlets. When you pick up one of those toys, there is usually a code that gives you an item in the virtual world. It doesn’t stop there. The Roblox space has caught the attention of the biggest Web2 companies. Walmart Opened its own space in Roblox.    

It is partnerships like that which legitimize the metaverse experience found in Roblox. Other notable experiences and events included Transformers and Ready Player One. While the voxel-based avatars may give pause, the experiences available are second to none in the space. Ranging from action pack Anime centric worlds to nightmare-fueled Horror games

Launch date: September 1, 2006

What is the reason for this metaverse: To have fun

Is there a game to play: Millions

What kind of Avatars are available: Customizable Voxel Avatars

Crypto compatibility: Self-contained unit called Robux

Popularity: 20 million DAU

Pro’s: Too many to list

Con’s: Voxel-based games aren’t everyone’s forte

More info: https://www.roblox.com/home

11. Decentraland
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It is a platform that allows users to monetize digital content ranging from their own creations to virtual real estate. Decentraland, you can own everything from a Speakeasy to a mansion to an amusement park. Each one of those assets is an NFT. This allows you to buy, sell, and trade across various marketplaces. Much of Decentraland is owned and managed by the Decentraland DAO. It is a genuinely Decentralized platform. The community can propose and vote on policy, land auctions, and whitelisting of NFT collections. Everything that happens in Decentraland is first put to a vote.

Its decentralization has shown to be both its strength and weakness. People have been able to bring votes that improve the quality of life on the service. Such as the Vogu Collective enhancing the polygons allowable for headwear. The voting has failed to block things like using Hitler as a name on the service.

Decentraland is a working metaverse platform where major companies or individuals can own land and operate businesses and concert venues. There have been quite a few concerts put on in Decentraland. Deadmau5 dropped NFTs to several attendees of his concert. They have even been live shows done on view screens within Decentraland. DCL, as it is, presents a world of possibilities. The greatest is the ability to carve out your own piece of the pie and have a say in its future.

Launch date: February 20, 2020

What is the reason for this metaverse: Bring people together. 

Is there a game to play: Yes.

What kind of Avatars are available: Completely customizable avatars. 

Crypto compatibility: Ethereum and Mana are required for most DCL purchases. However, there are bridges, such as Opensea, that allow for credit card usage.

MANA is the in-game official cryptocurrency of the platform. The cryptocurrency purchases properties, wearables, and exclusive names within the Decentraland.

There are a total of 2.1 billion MANA tokens.

Popularity: 2,000 DAU

Pros: There have been a lot of upgrades to the system, and it is primed and ready for creative endeavors.

Con’s: The cost of land has become prohibitive, and the lack of users.

More info: https://decentraland.org/ 

12. Horizon Worlds
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Horizon Worlds is the proposed Facebook of the metaverse. This program is free to play and often paired with Meta’s headsets. Intended to be a meeting place and a play area, in its current incarnation Horizon Worlds is little more than a glorified tech demo. One where Meta tests out the things that it wants to implement the closer we get to an adoption point where more users than not are connected to the VR world. Not too different than many of the others featured on this list, Horizon Worlds allows you to communicate with individuals and explore ideas or concepts with one another.

Launch date: December 9, 2021.

What is the reason for this metaverse: To be the social platform of the future.

Is there a game to play: on some worlds.

What kind of Avatars are available: Stylized but customizable

Crypto compatibility: None

Popularity: 10,000 DAU

Pros: Backed by Meta and connected to your Facebook

Cons: Not a lot to do.

More info: https://www.oculus.com/horizon-worlds/

13. VR Chat

In VRChat, you can play and create with people worldwide. Together you get to build worlds using a Unity-based SDK. Along with that, you each appear with custom full-body avatars.

If you aren’t a creative individual, you can use a service like Ready Player Me to get the avatar you want to represent you in VRchat. While this is one of the most basic metaverses, it showcases the possibilities.  

Launch date: January 16, 2014

What is the reason for this metaverse: socialization. 

Is there a game to play: It Varies from world to world.

What kind of Avatars are available: Full body avatars with lip sync, eye tracking/blinking, and complete range of motion. 

Crypto compatibility: none

Popularity: 20,000 DAU

Pros: The avatars are as close as you get to the Oasis.

Cons: full body avatars can have some frightening effects.

More info: https://hello.vrchat.com/

14. Sandbox

The Sandbox – Season 3 Trailer

The Sandbox is a voxel-based metaverse. While the graphics are similar to Minecraft or Trove, that is where the similarities end. In the Sandbox, you have many of the metaverse features and tools at your disposal. You can buy various parcels of land. You can utilize their tool, Voxeit, to create assets to use or sell on the open market. You can use their game maker in conjunction with a plot of land to develop virtual experiences.

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A subsidiary of Animoca Brands, the sandbox has a vast array of partnerships and collaborations. Major IPs and brands, including Adidas, Snoop Dogg, The Walking Dead, Deadmau5, Steve Aoki, Gucci, Care Bears, The Smurfs, Avenged Sevenfold, and many more. Several brands have been featured in significant world-spanning events.

While a few of the metaverses use crypto of some kind, The Sandbox has Its own token, $SAND. It is the utility token used throughout The ecosystem as the basis for transactions and interactions. It is a token built on the Ethereum blockchain. There is a finite supply of 3,000,000,000 SAND. Combining SAND with the marketplace, some of the different play 2 earn experiences, and you have one of the most complete metaverses. 

Launch date: November 29, 2021

What is the reason for this metaverse: A place for people to enjoy crafted experiences.

Is there a game to play: Yes

What kind of Avatars are available: Custom

Crypto compatibility: Ethereum and Sand

Popularity: 200,000 DAU

Pros: NFT-centric and Decentralized.

Cons: Sand and Ethereum are a requirement in the ecosystem.

More info: www.sandbox.game

15. Meta
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The artist, formally known as Facebook, became Meta upon revealing its machinations as a central component in the metaverse. In a gamble to be a first mover, meta has leveraged its position as a significant social network into a hardware manufacturer for the VR/ AR future. It focuses on getting as many Oculus units into homes as possible and allowing the software to do so. The talking has led to a steep decline in its stock position.

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Meta CEO Mark Zuckerberg has talked many times about the future of the metaverse being more of a multiverse than a universe owned by a single company. More of a futurist than most of us understand, it appears that Zuckerberg and Meta are willing to risk it all for a digital future.

Launch date: October 28, 2021.

What is the reason for this metaverse: A bid to connect the other metaverses.

Is there a game to play: Several. 

What kind of Avatars are available: depends on the game.

Crypto compatibility: no

Popularity:  2.4 million DAU

Pros: The hardware is inexpensive

Cons: The software begins to add up

More info: https://www.meta.com/ 

16. Rec Room
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Rec Room is a fantastic place to hang out with friends from around the world. You can chat or explore millions of player-created rooms. If you are creative, you can take some time and build a world to explore with others. It is the best place to develop and play games together. A social app at its core Rec Room is free and cross-plays on everything from mobile devices to VR headsets.

The Maker Pen is the tool used by Rec Room creators to build everything. It is like a virtual palette that allows you to mold and paint shapes to fit your wildest concepts. That can be as simple as a puppy or as complex as a spaceship.  The ability to shape worlds in a VR landscape is unreal and as science fiction, as it gets.

Launch date: June 2016.

What is the reason for this metaverse: Social interaction.

Is there a game to play: Yes, multiple 

What kind of Avatars are available: Custom

Crypto compatibility: None 

Popularity: 5,000 DAU

Pros: A true VR interface 

Cons: The avatars are not as alluring as others.

More info: https://recroom.com/

So which one is THE metaverse?

The imagination is your limit when it comes to the Metaverse. Understanding that the metaverse envisioned by ready player one it’s not as far into the future as it would seem yet nowhere near as close as we would want it. I did not include some games like Fortnite, Star Atlas, Illuvium, or Axie Infinity on this list as they fail to meet the requirement to be a metaverse. Each of those is centered around an experience the company controls and limits.
The real metaverse will have few, if any, quantifiable limits. The metaverse we seek will be a combination of everything you just saw. There may never be a single metaverse. Instead, they all likely give way to some form of interoperability.

In an ideal world, The Metaverse will let you battle voxel dragons with a sword you earned buying sandwiches from Subway. It will allow you to own a 2d speakeasy where you sell drinks crafted by that dragon’s blood. It will let you buy real homes with cryptocurrency earned from that speakeasy. All while appearing to the world as a unique Ape, Robot, or Anime character you chose to represent yourself. The metaverse is going to be a wild place, and we look forward to meeting you there.