For those who do not want to miss the most influential news about the industry among dozens of news, we have compiled the top five of the week for you!

We collect this week’s highlights on NFTs, play-to-earn, and metaverse which are the main topics we hear more and more details about every day.

Shiba Inu’s Metaverse to Open Partially by End of 2023

From Analytics Insight

Popular meme token Shiba (SHIB) Inu geliştiricileri announced in a tweet on April 10th that they plan to launch The Metaverse before December of this year.

The team stated that the current progress is taking time, but they are confident that by the end of 2023, users will have the opportunity to explore, build, design, play and develop some areas within The Metaverse.

It was mentioned that within the Metaverse, designed with Unreal Engine 5.1, users will be able to earn passive income from their lands, collect in-game resources, interact with other players, and engage in various economic activities.

While it was reported that The Metaverse has a total of 100,595 printable land parcels, it was announced that 10 users who follow the project’s official social media account and participate in the draw by April 30th will be given a free land parcel.

The developers emphasized the need to sacrifice perfection for the project to be released by the end of 2023 and warned that the project may be released before it is completed.

Mastercard Launches ‘Mastercard Music Pass NFT’ Digital Collection

Credit: Mastercard

Mastercard recently announced the release of a new digital collection called Mastercard Music Pass NFT. The company’s range of products in the NFT and blockchain sector is expanding, and the Music Pass NFT is a new addition to this expanding range.

The Music Pass NFT was launched at NFT.NYC, where Mastercard stated that the project would assist musicians in progressing their careers on Web3, which is a platform for creating decentralized applications. The new NFTs from Mastercard will give musicians access to the Mastercard Artist Accelerator program, which includes educational materials and access to experts such as AI technology and Web3 consultants Latashá and Ledger CXO Ian Rodgers.

Mastercard’s Music Pass NFT was developed in coordination with Polygon, a popular Ethereum scaling solution. Mastercard believes that Web3 is a powerful tool for connecting people and building communities around shared universal passions. The Music Pass NFT is a gate-kept platform that will allow the company to form relationships with musicians and other industry players in the Web3 ecosystem.

This new product is part of Mastercard’s ongoing efforts to integrate blockchain technology into its offerings. By embracing the NFT space, the company is demonstrating its commitment to staying up-to-date with the latest technological trends and providing innovative solutions for its customers. The Mastercard Music Pass NFT is a unique product that will undoubtedly appeal to musicians looking to advance their careers and tap into the growing popularity of NFTs.

LimeWire Returns as Music Simulation Game with Crypto Rewards

Screenshot from LimeWire’s game. Credit: LimeWire

LimeWire, the historic music downloading platform of the 2000s, has made a comeback as a simulation game. The music-downloading game, which has been transformed into Web3, aims to bring back pirate music nostalgia with the advantage of crypto rewards.

The new game, which aims to revive nostalgic music piracy with the advantage of crypto rewards, was launched by LimeWire, an old peer-to-peer file-sharing platform.

The historic music-downloading platform that was wildly popular in the early 2000s was revived on April 13th as a retro music-downloading game with a Microsoft Windows XP operating system theme that was transformed into Web3.

The simulation game will offer a list of songs or movies from that period for players to “download” within a time limit. Each simulated download that does not contain a “virus” will earn the player points.

It’s worth noting that LimeWire returned to activity as an NFT marketplace in the middle of 2022 with the aim of being a leading content creator market and membership platform. The original file-sharing platform was shut down in 2010 after a federal copyright infringement lawsuit. It’s also worth mentioning that the LimeWire NFT marketplace has no connection to the original platform or team.

Adidas Expands Into The Metaverse NFT Ecosystem with ALTS by Adidas Collection

COVER ART/ILLUSTRATION VIA CRYPTOSLATE

Adidas, a global sneaker and lifestyle brand, has expanded its presence in the NFT space with the launch of the ALTS by Adidas collection as part of its Into The Metaverse NFT ecosystem.

The Into The Metaverse collection was first released in December 2021, promising NFT holders exclusive access to collaborative products and virtual world experiences throughout 2022. The first Web3 discovery with partnerships from NFT influencer gmoney, PUNKS Comic, and Bored Ape Yacht Club allowed holders to burn their NFTs to receive a new ERC-1155 token and purchase physical apparel.

NFT holders from the first two phases of the Into The Metaverse collection can now burn their NFTs for gas fees and receive a new NFT from the Ethereum-based ALTS by Adidas collection. The new collection features a dynamic NFT with eight different “ALT[er] egos” corresponding to different rare features and interactive themes. The collection offers holders a share in the ALTS by Adidas ecosystem, commercial intellectual property (IP) rights to their characters, access to exclusive virtual apparel, participation in community meetings exclusive to NFT holders, token-gated Discord channels, and other benefits.

At the time of writing, the Into the Metaverse collection’s base price is 0.75 ETH (approximately $1,438), and it has generated a trading volume of 48,783 ETH (approximately $93.5 million) since its launch. The ALTS by Adidas collection’s base price is 0.78 ETH (approximately $1,496), and it has generated a trading volume of 388 ETH (approximately $744,000) so far.

Adidas has previously collaborated with luxury Italian brand Prada on a Polygon-based NFT collection and recently showcased its new styles at Metaverse Fashion Week in Decentraland.

Canon’s NFT Marketplace on Ethereum for Photographers and Artists

Credit: Canon

Canon, the camera giant, has announced its plan to launch its own NFT marketplace on the Ethereum blockchain. The platform, named “image.canon,” will allow users to trade unique digital assets, including photos and videos on the blockchain. The platform will serve as a marketplace for artists and photographers to sell their NFTs to interested buyers, providing them with a user-friendly platform to upload their work and create their storefronts. Buyers will have the option to bid on NFTs in auctions.

Canon’s move into the NFT market is seen as a strategic step to tap into a booming industry that has gained significant mainstream acceptance and adoption. NFTs, which represent unique digital assets such as art and collectibles on the blockchain, have grown in popularity as they can be bought, sold, and traded like physical assets, making them an attractive investment opportunity for collectors and investors alike.

With the NFT market currently valued at billions of dollars and many major artists, musicians, and celebrities entering the market, Canon’s entry marks a significant milestone. As the market continues to grow, it is expected that more major companies will enter the space and launch their NFT marketplaces. This development could pave the way for other camera and photography companies to follow.