Meta ‘powering through” metaverse plans: Nifty Newsletter (Nov. 30-Dec. 6).

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Mark Zuckerberg, Meta CEO, stated that the company is optimistic about the metaverse despite the fact that it has cost billions of dollars. Newsletter Get this piece of crypto history as a newsletter. This week’s newsletter features an article about how the word “metaverse”, which was second in Oxford’s Word of the year, came in second place. See how Meta is pushing forward its metaverse plans despite doubts and how Magic Eden, a nonfungible token (NFT), marketplace, announced a tool for imposing royalties. Find out more about how Opera Crypto Browser integrates NFT minting. This week’s Nifty News features a record-breaking Reddit avatar minting. Oxford’s Word of the Year for 2022: Metaverse is second. This comes after “goblin mode,” which described the mood of people who don’t like the idea of returning to normal life after the pandemic. According to Oxford’s data, the number of people using the term metaverse increased four times between 2022 and 2021, mainly due to the October 2021 Facebook rebrand to Meta. Continue reading…Meta “powering through” with metaverse plans despite doubts — ZuckerbergMark Zuckerberg is optimistic about the company’s metaverse project despite the fact that it costs billions of dollars. The CEO of Meta spoke out at the DealBook Summit to say that things will change in a ten year time frame compared to the few years ahead. Zuckerberg believes that communication in 2030 will be very different to the way people communicate today. The Meta CEO stressed that “someone must build” and invest in it. Continue reading…Magic Eden joins OpenSea in implementing NFT royalty enforcement tool. Magic Eden, a NFT marketplace based in Spain, has announced that it will allow creators to enforce royalties on collections. This announcement follows OpenSea’s November announcement of a similar tool. Jack Lu, CEO of Magic Eden, had previously suggested the idea of enforcing royalties during a Solana conference. This was in response to creators’ need for a sustainable revenue model. Continue reading…Opera Crypto Browser will enable instant NFT minting via launchpad. Meanwhile, Opera Crypto Browser has delved into NFTs through integration with Alteon LaunchPad. The browser now allows anyone to mint NFTs using a drag-and drop interface. Susie Batt, a senior executive at Opera, stated that this integration allows users explore and contribute to Web3’s ecosystem. The tool will not charge platform usage fees, allowing people to explore NFTs without restrictions. Continue reading…Related to: Cointelegraph Historical Collection is Live: Mint the Biggest Crypto News Stories Now!Nifty news: Reddit NFT Mints Reach All-Time High, EU’s $400K Metaverse Party Flops and MoreSocial forum Reddit’s NFT collections hit an all time high of avatars minted within a single day. The platform saw 255,000 new avatars minted on Dec. 3. This surpasses the previous record of 200,000 avatars created in one day on Aug. 30. Timex, a watch manufacturer, has partnered up with the Mutant Ape Yacht Club and Bored Ape Yacht Club projects to create watches that are compatible with MAYC and BAYC NFTs. Continue reading. Thank you for reading this digest of the most important developments in the NFT industry. For more information and insights into this dynamic space, visit us next Wednesday.