On this week’s e-newsletter, examine how a nonfungible token (NFT) artist raised cash to help a most cancers charity and why funds platform PayPal has filed a patent utility for an NFT market. Try Meta’s new photorealistic metaverse avatars and, in different information, be taught why Neal Stephenson’s metaverse blockchain challenge stays optimistic regardless of waning curiosity.

NFT artist raises $140,000 for most cancers help charity

NFT artist Trevor Jones donated nearly $140,000 to Maggie’s Edinburgh — a corporation devoted to most cancers therapies — after elevating funds from a Web3 occasion in France. The quantity raised from the occasion will assist 4,000 sufferers affected by most cancers and people who want vital help.

Based on Maggie’s Edinburgh, the funds raised by Jones would be the highest single donation from an artwork occasion within the group’s historical past. The cash collected will help providers for most cancers sufferers and their households.

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PayPal applies for NFT market patent for on- or off-chain asset trading

Cost platform PayPal filed a patent utility for an NFT switch and buy system. The patent utility was filed at america Patent and Trademark Workplace in March and was made obtainable publicly in September.

The patent described a system that lets customers purchase and sell NFTs via a service supplier. Whereas the supplier was not talked about, the doc did point out Ethereum, suggesting that it could be primarily based within the community.

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The metaverse is actual: Zuck’s “unimaginable” photorealistic tech wows Crypto Twitter

As critics proceed to declare the metaverse useless, Meta CEO Mark Zuckerberg showcased the corporate’s developments within the area in a podcast utilizing photorealistic avatars within the metaverse.

Utilizing Meta’s Quest 3 headsets and noise-canceling headphones, Zuckerberg and podcast host Lex Fridman engaged in an hour-long interview utilizing metaverse avatars. The enhancements bought the eye of Crypto Twitter, with some evaluating earlier iterations of Zuckerberg’s metaverse with the current one, saying the “metaverse has upgraded.”

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Neal Stephenson’s blockchain challenge holds discovery month as metaverse hype wanes

Metaverse blockchain challenge Lamina1 is holding an occasion referred to as the Open Metaverse Discovery Month to let builders and creators expertise the metaverse. The corporate believes that regardless of the decrease curiosity within the metaverse, the idea will stay so long as persons are prepared to spend time and cash on it.

Based on Lamina1 CEO Rebecca Barkin, the challenge was capable of appeal to 50,000 builders regardless of the crypto winter and other people writing eulogies for the metaverse. The manager stays optimistic that its founder, Neal Stephenson’s imaginative and prescient of the metaverse will problem company greed and provides extra autonomy to creators.

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CHECK OUT COINTELEGRAPH’S NFT STEEZ PODCAST

Thanks for studying this digest of the week’s most notable developments within the NFT area. Come once more subsequent Wednesday for extra reviews and insights into this actively evolving area.