Crypto Gaming Console in the works, Nike’s Metaverse Plans

  • Early this month, Polygon and Ethereum-based NFTs were tested on select users on Facebook
  • Otherdeed has been the most traded project on OpenSea in recent days, selling 988 ETH, an increase most likely due to anticipation of the upcoming Otherdeed metaverse

Web3 game console gets mixed reviews

Web3 company Polium is trying to build a game console that supports multiple blockchains and NFTs. The company is trying to “bring mass adoption into the web3 space” to entice traditional gamers to play strictly on their PCs.

The console, billed as “Polium One,” will run games built on the ImmutableX, Ethereum, Solana, Polygon, BNB Chain, Harmony, EOS, and WAX blockchains. According to press material, a multichain wallet will be available for cryptocurrency trading, swapping and staking.

The estimated release date is scheduled for the third quarter of 2024, but the device is still a work in progress. Many Twitter users were quick to criticize the project.

After Polium’s logo was named because it resembled the Nintendo GameCube logo, the company decided refused the likeness via Twitter stating that a new original logo is in the works.

The intended specs for the console include 4K Ultra HD resolution at 120 frames per second and a fingerprint scanner on the controller that was originally called Touch ID – until Twitter users pointed out that the term is an Apple trademark.

Polium aims to have a functional “community built” prototype within “a few months”.

RTFKT Offers New Clone X Holder Utility

The Nike-owned RTFKT NFT (non-fungible token) collection marks the beginning of a “new era” by granting full commercial rights to Clone X NFT holders. The company said owners can use their clones to create fan art NFTs, craft merch or music, and create their own businesses.

RTFKT provides community members with the necessary files of their clones to render 3D models and animations on software such as Maya and Blender.

The company envisions an ecosystem where a new generation of creators can collaborate with 3D artists, become virtual YouTubers or design their own wearables.

“The era of PFP is over, welcome to the Avatar Economy,” RTFKT told Medium.

In addition, Nike recently filed a patent with the United States Patent and Trademark Office (USPTO) on June 30 for “video game integration” of NFTs.

The filing states that Nike wants to patent a method whereby a “virtual object” such as a “shoe, piece of clothing, headgear, avatar or pet” will be used in digital collectible games of basketball and football. Users could unlock NFT sneakers called “CryptoKicks” for their avatars, and physical twins of shoes and clothing will be available for retail sale.

The application cites Nike’s main motivations as a need to “more directly influence and/or control” the exclusivity and supply of digital objects in the virtual market as a way to tackle counterfeit shoes and counterfeit goods. Additionally, the sportswear giant sees video game creation as an opportunity to increase physical brand engagement by influencing users in the digital realm.

Phones with built-in crypto wallets are the new trend

First, Solana Labs announced its plan to build a Web3 Android mobile phone, Saga, to easily transact with cryptocurrency. Now, the Ethereum scaling solution Polygon has partnered with two other phone manufacturers to improve access to Web3 for mobile users.

HTC is building the HTC Desire 22 phone to allow users to connect to the Vive Flow virtual reality glasses and stream content from the phone’s screen to the wearable’s screen. Users can manage their tokens and NFTs on Ethereum and Polygon through the Vive Wallet and the Vive Marketplace. The apps provide “rich metaverse experiences without a VR headset.”

Polygon has partnered with telephone company Nothing to integrate its technology into the Nothing Phone (1), which will be launched on July 12. The smartphone will not be officially released in North America but will work in the region.

Smartphone users can access apps and games on the Polygon platform, as well as the payment features and proof-based identification solution, Polygon ID. Those who pre-ordered the Nothing Phone (1) joined an NFT membership club and were able to receive Nothing’s Black Dot NFTs, which provide early access to select products, events and benefits.

Latest financing news

  1. Zigazoo, a children’s social network built on the Flow blockchain, recently announced a $17 million Series A funding round. Liberty City Ventures led the raise, with participation from venture capital firm Causeway, the NBA, Dapper Labs, OneFootball, Medici VC, Animoca Brands, Lightspeed Venture Partners, Core Ventures, Spartan Group and TikTok stars Charli and Dixie D’Amelio. Zigazoo’s mission is to provide children with a ‘safe and positive online community’ by helping them navigate the world of Web3, NFTs and the metaverse. Capital will be spent on expanding Web3 offerings such as NFT drops, increasing the token’s in-app utility, and building an NFT creator studio.
  2. Gaming-focused VC firm Konvoy Ventures has raised a $150 million fund to support its portfolio companies during the market downturn and support other gaming startups. The company plans to spend 20% to 30% of that money on blockchain-based games. The company previously supported Sky Mavis, the developer of Axie Infinity, as well as the Genopets NFT game and the Ready Player Me avatar platform.
  3. Bonfire Union, the investment arm of the Web3 protocol Mask Network, has announced that it has raised a $42 million fund with support from Binance, Alameda Research, Animoca Brands, Digital Currency Group, Arweave, HashKey Group and others. Mask Network is a Binance-backed startup that allows users to send cryptocurrencies and encrypted messages through platforms such as Twitter. The company plans to invest in Web3’s “social ecosystem,” inspired by another Chinese company, Tencent, creator of the WeChat app.

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  • Ornella Hernandez

    Blockworks

    News reporter

    Ornella is a Miami multimedia journalist who covers NFTs, the Metaverse, and DeFi. Before joining Blockworks, she reported for Cointelegraph and also worked for TV channels such as CNBC and Telemundo. She originally started investing in ethereum after hearing about it from her father and has not looked back. She speaks English, Spanish, French and Italian. Contact Ornella at: [email protected]

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