Meta launches metaverse game, Bitcoin Ordinals creator proposes numbering change: Nifty Newsletter

In this weeks newsletter, checked out how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta released its metaverse video game on mobile and web. Inspect out why the Bitcoin Ordinals developer proposes changing the protocols numbering system and learn more about Atari founder Nolan Bushnells perspectives on play-to-earn gaming. In other news, the United States Securities and Exchange Commission (SEC) has charged NFT collection Stoner Cats with offering unregistered securities. Metas Horizon Worlds releases on mobile and web in early accessMeta has actually announced it has begun presenting Horizon Worlds on mobile phones and web internet browsers. The launch to mobile and web consists of a free-for-all shooter game called Super Rumble, where two to 6 gamers can play together in fast-paced shooting matches. The launch is only in early access, suggesting just a few individuals can sign up with. According to Meta, it will gradually roll the video game out to more individuals and add more experiences and worlds to the metaverse in the near future.Continue readingBitcoin Ordinals creator proposes to alter inscription numbering systemBitcoin Ordinals chief coder and creator Casey Rodarmor proposed to alter the numbering system of Bitcoin NFTs. The coder highlighted that the current system has actually resulted in “unsightly code and stalled development.” Since of this, Rodarmor initiated a proposal to make engravings completely unstable, making the procedure simpler and much easier to update. The Ordinals developer added that while the modification might make the numbers unreliable, the numbering system will not be ditched totally. Continue readingMagic Eden integrates Solanas compressed NFTs into marketplaceNFT marketplace Magic Eden has integrated compressed NFTs (cNFTs) by Solana into its platform. According to Magic Eden, cNFTs will enable users to experiment without investing excessive money and are ideal for mass-produced NFTs for industries like music, gaming and occasions. cNFTs are various from standard NFTs, as their information is saved off-chain. Since of this, users can mint as many as one million NFTs for simply around $110. Continue readingPlay-to-earn video games are the reason “real” players dislike crypto: Atari founderNolan Bushnell, the creator of Atari, a video game business that peaked in appeal in the 1980s, just recently spoke with Cointelegraph and revealed that play-to-earn (P2E) games are the factor why “genuine” gamers dislike crypto. The executive claimed that “great players” dont like to grind and stated that Web3 video gaming needs to move far from P2E and focus on structure worlds powered by virtual reality and enhanced reality. Continue readingStoner Cats NFTs are “fan crowdfunding,” not securities– SECs Peirce, UyedaThe SEC has charged the business behind the NFT collection Stoner Cats with offering unregistered securities. According to the SEC, the NFTs were marketed as having potential for secondary sales and suggested that the value would increase. However, not everybody in the SEC agrees with the action. SEC commissioners Hester Pierce and Mark Uyeda released a dissenting declaration, arguing that the tasks activity constitutes fan crowdfunding, which they believe is a typical incident on the planet of creators. Continue readingCHECK OUT COINTELEGRAPHS NFT STEEZ PODCASTThanks for reading this absorb of the weeks most notable advancements in the NFT space. Come once again next Wednesday for more reports and insights into this actively developing space.

According to Meta, it will gradually roll the game out to more people and add more experiences and worlds to the metaverse in the near future.Continue readingBitcoin Ordinals creator proposes to change engraving numbering systemBitcoin Ordinals primary coder and developer Casey Rodarmor proposed to change the numbering system of Bitcoin NFTs. Continue readingMagic Eden integrates Solanas compressed NFTs into marketplaceNFT market Magic Eden has actually incorporated compressed NFTs (cNFTs) by Solana into its platform. Continue readingStoner Cats NFTs are “fan crowdfunding,” not securities– SECs Peirce, UyedaThe SEC has charged the company behind the NFT collection Stoner Cats with using unregistered securities. Continue readingCHECK OUT COINTELEGRAPHS NFT STEEZ PODCASTThanks for reading this digest of the weeks most noteworthy developments in the NFT area.

Other Questions People Ask

What features does Meta's new metaverse game offer in the Nifty Newsletter?

Meta's newly launched metaverse game, Horizon Worlds, includes a free-for-all shooter game called Super Rumble, where players can engage in fast-paced shooting matches with 2 to 6 participants. Currently available in early access, the game will gradually be rolled out to more users, allowing for an expanding range of experiences and worlds within the metaverse. This launch marks a significant step for Meta as it aims to enhance user engagement on mobile and web platforms.

How does the Bitcoin Ordinals creator propose to change the numbering system in the Nifty Newsletter?

Casey Rodarmor, the chief coder behind Bitcoin Ordinals, has proposed altering the current numbering system for Bitcoin NFTs to address issues of "unsightly code" and development stagnation. His suggestion involves making engravings completely unstable, which would simplify the process and facilitate easier updates. While this change may introduce some unpredictability in numbering, Rodarmor assures that the foundational structure of the system will remain intact.

What impact do compressed NFTs have on the NFT marketplace according to the Nifty Newsletter?

Magic Eden's integration of compressed NFTs (cNFTs) by Solana into its platform is designed to make NFT experimentation more accessible and affordable for users. This innovation allows for the minting of up to one million NFTs for approximately $110, making it ideal for mass-produced items in industries like music and gaming. By storing data off-chain, cNFTs provide a cost-effective alternative to traditional NFTs, potentially reshaping how creators and consumers interact with digital assets.

What are Nolan Bushnell's views on play-to-earn gaming as discussed in the Nifty Newsletter?

Nolan Bushnell, the founder of Atari, expressed concerns that play-to-earn (P2E) games are a significant reason why traditional gamers have a negative perception of crypto. He argues that "real" players dislike the grinding nature of P2E games and suggests that Web3 gaming should shift its focus towards creating immersive worlds powered by virtual reality and augmented reality. His insights highlight a potential need for evolution in the gaming landscape to better align with player expectations.

What was the SEC's stance on Stoner Cats NFTs as mentioned in the Nifty Newsletter?

The SEC has charged the creators of the Stoner Cats NFT collection with offering unregistered securities, citing that these NFTs were marketed with promises of potential secondary sales and value appreciation. However, dissenting opinions from SEC commissioners Hester Pierce and Mark Uyeda argue that these NFTs represent a form of fan crowdfunding rather than securities. This ongoing debate underscores the complexities surrounding NFT regulation and classification within the evolving digital asset landscape.