Within this week’s e-newsletter, find out about how game maker Square Enix intends to launch Final Fantasy VII digital collectibles. Browse the new Open Metaverse Alliance for Web3 and just how NFT sales will fund artwork restoration efforts in Ukraine.
In other news, you can study about how exactly an NFT of the falling man was removed within the GameStop marketplace following community pressure. And, remember relating to this week’s Nifty News roundup having a joke gone wrong, resulting in losing 100 Ether (ETH).
Square Enix partners with Enjin to produce Final Fantasy VII collectibles
Game development firm Square Enix has collaborated with NFT platform Enjin to produce digital and physical collectibles from the popular Final Fantasy VII (FF7) gaming. Digital collectibles is going to be associated with their physical counterparts that’ll be offered at the Square Enix store.
To get the FF7 digital collections, fans must redeem the code located on the physical products in the NFT platform known as Efinity network. Based on the announcement, the FF7 collection is going to be on Efinity in 2023.
Web3 platforms launch outdoors Metaverse Alliance
Outdoors Metaverse Alliance for Web3 continues to be produced by a few blockchain platforms including Alien Worlds, Animoca Brands, Dapper Labs, Decentraland, MetaMetaverse, Space, Superworld, The Sandbox, Upland, Voxels and Wivity.
The alliance is a decentralized autonomous organization (DAO) to make sure transparency in governance. The DAO has the aim of setting standards for NFTs, portals between worlds and interoperability.
Related: NFT utility to treat ticketing dilemmas? Experts weigh in
NFT sales will fund the restoration of physical monuments in Ukraine
The federal government of Ukraine uses funds from NFT sales to revive real-world pieces of art destroyed within the war with Russia. Within an announcement, Ukraine’s Secretary of state for Culture and knowledge Policy stated the Meta History Museum of War, a government-backed platform, elevated around $1.3 million in NFT sales and can make use of the proceeds because of its artwork restoration efforts.
While NFTs won’t steer clear of the attacks from Russia, Ukrainian official Oleksandr Borniakov stated it provides an chance for Ukraine to rebuild its economy and develop like a country that’s innovation-friendly.
GameStop “Falling Man” NFT saga shows people’s power at its finest
A questionable NFT listing on GameStop’s NFT marketplace was taken lower after receiving pressure in the community. The NFT, dubbed Falling Man, portrayed a guy inside a space suit falling downwards. The NFT resembles a really famous photo in the 9/11 terrorist attack around the World Trade Center having a man falling to his dying.
The artwork received heavy backlash as community people pressured GameStop to consider it lower using their platform. The NFT platform eventually removed the NFT from the marketplace and banned the artist from minting NFTs.
Nifty News: BAYC hodler loses 100 ETH in “joke” domain purchase gone wrong
An NFT whale the master of many costly Bored Ape Yacht Club NFTs designed a mistake while conducting a joke, resulting in a loss of revenue of 100 ETH. Trying to trigger and mock the EnsBidsBot on Twitter, the NFT whale known as Franklinisbored placed an offer around the Ethereum Name Service domain they listed by themselves. However, the tides switched once they didn’t remember to get rid of the bid before accepting another bid of just one.9 ETH.
Thank you for studying this digest from the week’s noticably developments within the NFT space. Come back next Wednesday for additional reports and insights into this positively evolving space.
