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Embracing Web3: Olympics Euphoria in Metaverse & More!
Play To Earn Games | 05 Aug 2024 02:58 UTC
Embracing the spirit of innovation, the web3 community has come together to launch a series of projects that aim to digitally manifest The 2024 Olympics. These initiatives range from Olympic-themed games playable in The metaverse to unique non-fungible token (nft) artworks, making this year’s Olympic experience the most open and inclusive yet, all thanks to the power of blockchain technology.
As an estimated 15 million individuals flock to the physical venue of the Olympics in Paris, The Sandbox steps up to provide a virtual alternative accessible to all. Sebastien Borget, Co-Founder and COO of The Sandbox, explains that the company has rolled out four distinct activations in honor of this year's games.
"The Olympics are a once-in-a-lifetime experience for many athletes and spectators," Borget noted. "Our aim is to enhance global participation in events like The Olympics, urging people worldwide to build, create, and engage in an experience they might not encounter in person."
Among these activations is the introduction of "The Sandbox Team Uniforms," offering avatar owners a chance to sport stylish athletic-inspired outfits that pay homage to competitive spirit. Borget also shared details about an in-game athletic competition event with enticing rewards like The Sandbox token, SAND, and an exclusive nft torch.
Paris sees the unveiling of the Artverse gallery that showcases nft works capturing the vibrancy and agility of Olympic sports through digital art. Grida Jang, the Gallery Director, emphasizes the celebration of the Olympics through captivating exhibitions by artists like Tommy Hollenstein and Foodmasku that blend digital art and the Olympic ethos.
Hollenstein, known for his unique painting technique with wheelchair wheels, and Foodmasku, recognized for creating masks using food materials, add a distinct flavor to the nft artworks. Jang stresses the theme of inclusion at this year's Paris Olympics, shedding light on marginalized individuals through art that is accessible to all.
Jang revealed that each physical artwork sold at the gallery is authenticated as an nft using Transient Labs' TRACE chips, ensuring ownership and authenticity while demystifying digital art for newcomers.
Adding to the Olympic grandeur, CUDIS debuts a web3 fitness ring that several athletes will wear during the games. Edison Chen, CEO of CUDIS, highlighted the ring's integration of web3 features, enabling athletes to track performance while earning cryptorewards.
The intuitive nature of the CUDIS ring simplifies the transition for athletes into the web3 space, fostering a sense of community and well-being. The "Pro Athlete Ambassador Program" launched by CUDIS aims to promote wellness and build a supportive web3 community while engaging athletes like Kate Knifton, a dedicated Olympic rower.
Knifton expressed enthusiasm for the CUDIS ring's AI coach feature, which provides personalized sleep recommendations and rewards for consistent use, further enhancing the athlete's performance and well-being.
In the dynamic realm of the cryptocurrency industry, recent developments have once again underscored the importance of robust security measures and transparent operational ethics Among these, the acquisition of CoinDesk, a leading media outlet renowned for its comprehensive coverage of the digital asset sector, marks a significant milestone This event not only highlights the increasing consolidation within the space but also raises pertinent discussions regarding journalistic independence and the interplay between media and the entities it covers
The Acquisition of CoinDesk and Its Implications
The integration of CoinDesk into the Bullish group, a conglomerate majority-owned by Block one and operator of the regulated digital assets exchange Bullish, epitomizes the evolving landscape of the cryptocurrency industry...
In the fast-paced world of cryptocurrency, a recent event has sent waves through the community, capturing the attention of enthusiasts and analysts alike A bitcoin miner, dormant for over a decade, has made a significant move by transferring 250 bitcoin (BTC) to five new wallets This action, involving a sum approximately valued at $13 95 million, underscores a pivotal moment in the cryptocurrency narrative, especially focusing on the early days of bitcoin mining and its transformation over the years
The Early Era of bitcoin Mining
In the nascent stages of the cryptocurrency world, bitcoin mining was a path less trodden, embarked upon by a dedicated cohort of pioneers...
In the dynamically evolving landscape of free-to-play turn-based strategy games, Shardbound has emerged as an innovative contender, inviting players to immerse themselves in challenging battles and strategic gameplay Highlighting its dedication to enriching the gaming experience, Shardbound has announced the launch of its second special event, Ruins of the Weaver This event promises players the opportunity to face tougher challenges and secure rare in-game rewards, setting the stage for an engaging gaming journey
Shardbound's entry into the gaming scene was marked by its open beta launch on the Epic games Store in late June Despite being described as a Limited Beta, the game has been accessible to gamers who pre-register on the official Shardbound website, facilitating their seamless addition of the beta version to their Epic games Store library...