Tag Archives: nfts

FIL-Singapore Summit 2022: NFTs, The Bridge between Web 2.0 and Web 3.0

FIL-Singapore Summit 2022: NFTs, The Bridge between Web 2.0 and Web 3.0

Filecoin is making the web more secure and efficient with a decentralized data storage marketplace, protocol, and cryptocurrency. They are here in Singapore during the Token 2049 week to bring more Web 3.0 people together at their flagship event FIL-Singapore Summit.

It’s the perfect opportunity to connect with developers, storage providers, ecosystem partners, investors, and clients across the entire Filecoin ecosystem.

At one of the panel discussions, experts discussed the topic- NFTs, The Bridge between Web 2.0 and Web 3.0. The panellists lineup includes YC (Business Development Manager, Moledao), Anndy Lian (Author, NFT: from Zero to Hero), Jenny Zheng (BD Lead, BYBIT NFT), Guangmian (Integrations and Partnerships Lead, Kleros and Faye (Founder, Unschul).

They looked into topics such:

The fundamentals of NFTs
– As the interest in NFTs drops significantly with the bear market, how do you think we move forward from here?
– What are the existing utility of NFTs and how are they valuable?

“For corporations who are entering into the NFT space. They do not have the right tools and people. There are a lot of things that need to be done. If you are going to a decentralised marketplace, no one can also help you. If you come to a centralized marketplace like Bybit, we have tools that can help you make your NFTs happen.” Jenny Zheng commented.

Brands and Corporations Entering the NFT space
– Why do you think large brands such as Marvel, Disney, Adidas, Pepsi, LV and celebrities such as Snoop Dogg, Eminem and Jimmy Fallon are getting involved with NFTs?
– How does the use of NFTs as a technology disrupt existing institutional systems and applications?

“Brands can use NFT to build their relationship with their users.” YC mentioned.

Future outlook of NFTs as we move from Web 2.0 to Web 3.0
– NFTs have received a lot of resistance in terms of acceptance. Why do you think that is happening, and what will it take for mass adoption of NFTs?
– What do you think about some of the ways that liquidity can be added to NFTs, whether in terms of NFT collateralised loans, AMMs, or derivatives like futures on NFTs?
– What do you think will be the next big trend in NFTs?

“I really hope to see more AAA games entering the NFT market. I think the driving force for the next wave will be led by NFT.” Anndy Lian added too.

FIL-Singapore is a collaborative four-day event hosted by the Filecoin community in Asia. There will be a Filecoin Summit and many independently hosted events including meetups, workshops, a hackathon and happy hours throughout the week.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

NFTs Finally Infiltrated AAA Gaming

NFTs Finally Infiltrated AAA Gaming

The NFT market seems to be heading towards another month of consecutive dip. Based on the figures obtained from Crypto Slam, the dip started in April 2022 with a sales volume of $3,806,346,613.84 in total. Followed by May- $3,184,422,599.20, June- $879,080,400.63, July- $682,104,319.50 and August- $633,988,424.51. The number of unique buyers has dropped by 42% since April. While many of the NFT holders were expecting “The Merge” will lift the markets up, it did not happen that way. In fact, Ethereum’s price has dropped around $1,347.98 at the point of writing.

“The NFT market is flushing out bad assets and keeping the good ones. This might prompt a revaluation of the true value of the NFTs, and alter how they are used. As mentioned previously, NFT is the new asset in the digital world, and NFT marketplaces should start to strategize and embrace traditional AAA games into this space. The bearish market allows all of us time to build, and we create new opportunities. We have to do it the right way.’ Anndy Lian, thought leader and best-selling book author “NFT: From Zero to Hero” added.

Anndy is correct. We are at a point where the crypto industry is all very cautious. The NFT sector is at its all-time low. Web2 and AAA gaming are finding their way to us. We have to take this opportunity.

Here are some AAA games that I have been keeping an eye on.

Epic Games Store Launches First NFT Game

According to a press release, Epic Games’ game marketplace has included Mythical Games’ Blankos Block Party as its first non-fungible token (NFT)-powered Web3 title. The announcement comes less than a year after Mythical Games received $150 million in a Series C fundraising round valued at $1.25 billion.

Blankos Block Party is a free-to-play multiplayer party game based around unique collectible digital vinyl toys known as Blankos, which may be purchased, updated, and sold inside the game. Mythical Games and Third Kind Games collaborated on the game’s development.

Epic Games are open and has left the door open for developers who want to build around NFTs. This is a positive sign.

NFT Games on Minecraft

Despite Mojang Studios’ opposition to the incorporation of NFTs, MyMetaverse was able to incorporate NFTs into multiple games, including its own Minecraft server.

“We wanted to show Mojang that it could be done in a way that benefited them and benefited their player base,” said MyMetaverse CEO Simon Kertonegoro.

According to Simon, multiple servers have violated the Minecraft NFT restrictions, which were designed to protect players from unwanted interactions. The CEO did point out that they are able to implement NFTs on their own servers without violating the game’s regulations. They accomplish this by removing all pay-to-win NFTs and making their best NFTs fully free to play.

Ubisoft is working on integrating NFTs

Ubisoft is a French video game company headquartered in Saint-Mandé with development studios across the world. Its video game franchises include Assassin’s Creed, Far Cry, For Honor, Just Dance, Prince of Persia, Rabbids, Rayman, Tom Clancy’s, and Watch Dogs.

In an interview with Axios, as far as NFTs are concerned, the CEO still believes there is a possibility in the company’s future work on it. He says: “If we find something that will be very interesting and will please players, we’ll work on it.”

More to come

Immutable co-founder Robbie Ferguson stated on September 13, 2022, that two AAA studios had begun developing on the Immutable X platform. Ferguson said the first game would be shown within a month. This implies that before the middle of October, we should know which triple-A developer is joining the NFT movement. This is less than a month from now.

Last but not least, Kakao Games and XL Games are already preparing a new game, ArcheWorld, integrating NFT and Play-to-Earn game mechanics. Representing Bybit NFT Marketplace, I will be on the same panel with XL Games at Blockchain Gaming 2022 organized by ABGA on September 27 on “What Blockchain Technology Can Bring to Traditional Gaming Giants.” I will let you know more about the discussion after the conference.

 

Source: https://hackernoon.com/nfts-finally-infiltrated-aaa-gaming

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j

Ethereum Merge’s impact on NFTs- Coming back? Maybe? Or maybe not?

Ethereum Merge’s impact on NFTs- Coming back? Maybe? Or maybe not?

The number of unique NFT buyers falls below 500,000. It seems like #EthereumMerge is the savior.

Ethereum merge and transition from proof-of-work to proof-of-stake (PoS) will further deliver changes to the NFT market. The Ethereum merge is expected to increase the diversification of Ethereum and revamp the tokenomics of the entire market. We could also see a short-term increase in NFT’s pricing.

Anndy Lian commented on his previous post on Anndy.com: The core message that I was trying to say is that the NFT market is at the rebuilding stage right now. The previous highs that were in the bull market are in a challenging stage. The prices were unsustainable, and it will continue this way as the macro environment is not looking too optimistic now.

There are many contributing factors to this current state but is this the end of the NFT markets? It is not.

Right now there are more projects in the markets working hard behind the scene working on content, books, music, and better gaming assets and experiences. The speculation market has died down, and this is actually very healthy for all of us to grow.

This is a time to go back to basics. We can look at the 5Ps of marketing- Product, Price, Promotion, Place, and People.

When we are in the bull market, whatever products can sell without doing anything. But in the current times, we need to look at the product. Is it value for money?

Pricing is another factor to look at. PFP in the good times can start at a 1 ETH floor price. We should watch our pricing more carefully right now. Take my NFT book, for example, I choose to launch it on Bybit NFT Marketplace at $2.99, not $29.99. This decision was made after looking at the market and the demand from my communities.

Lastly, I think people and community are what we should be building too. If you do not have this, this is the best time to look into it now. This will also help you to get better results when the market turns better.

Source: The Daily Forkast – September 2, 2022, presented by Joel Flynn.

 

Anndy Lian is an early blockchain adopter and experienced serial entrepreneur who is known for his work in the government sector. He is a best selling book author- “NFT: From Zero to Hero” and “Blockchain Revolution 2030”.

Currently, he is appointed as the Chief Digital Advisor at Mongolia Productivity Organization, championing national digitization. Prior to his current appointments, he was the Chairman of BigONE Exchange, a global top 30 ranked crypto spot exchange and was also the Advisory Board Member for Hyundai DAC, the blockchain arm of South Korea’s largest car manufacturer Hyundai Motor Group. Lian played a pivotal role as the Blockchain Advisor for Asian Productivity Organisation (APO), an intergovernmental organization committed to improving productivity in the Asia-Pacific region.

An avid supporter of incubating start-ups, Anndy has also been a private investor for the past eight years. With a growth investment mindset, Anndy strategically demonstrates this in the companies he chooses to be involved with. He believes that what he is doing through blockchain technology currently will revolutionise and redefine traditional businesses. He also believes that the blockchain industry has to be “redecentralised”.

www.anndy.com
j j j