Meta introduces metaverse gaming platform, Bitcoin Ordinals developer suggests alteration to numbering system: Nifty Newsletter

This week’s newsletter covers how the marketplace Magic Eden has incorporated compressed nonfungible tokens (NFTs) into its platform and how Meta has launched its metaverse game on both mobile and web. Discover the reasoning behind the Bitcoin Ordinals creator’s suggestion to modify the protocol’s numbering system and gain insights into Atari founder Nolan Bushnell’s views on play-to-earn gaming. Additionally, the United States Securities and Exchange Commission (SEC) has filed charges against the NFT collection Stoner Cats for offering unregistered securities.

Meta’s Horizon Worlds launches on mobile and web in early access

Meta has revealed that it has begun the rollout of Horizon Worlds on mobile devices and web browsers. This launch includes a free-for-all shooter game named Super Rumble, where two to six players can engage in fast-paced shooting matches.

The launch is currently in early access, meaning that only a limited number of users can participate. Meta has stated that it will gradually expand access to more users and introduce additional experiences and worlds to the metaverse in the near future.

Continue reading

Bitcoin Ordinals creator proposes to change inscription numbering system

Casey Rodarmor, the chief coder and creator of Bitcoin Ordinals, has suggested altering the numbering system for Bitcoin NFTs. The coder pointed out that the existing system has resulted in “ugly code and stalled development.”

As a result, Rodarmor has put forth a proposal to make inscriptions permanently unstable, simplifying the protocol and facilitating upgrades. The Ordinals creator noted that while this change may lead to inaccuracies in the numbers, the numbering system will not be entirely eliminated.

Continue reading

Magic Eden integrates Solana’s compressed NFTs into marketplace

The NFT marketplace Magic Eden has incorporated Solana’s compressed NFTs (cNFTs) into its platform. Magic Eden stated that cNFTs will enable users to experiment without incurring significant costs and are well-suited for mass-produced NFTs in sectors such as music, gaming, and events.

cNFTs differ from traditional NFTs, as their data is stored off-chain. Consequently, users can mint up to one million NFTs for approximately $110.

Continue reading

Play-to-earn games are the reason “real” gamers hate crypto: Atari founder

Nolan Bushnell, the founder of Atari, a video game company that reached its peak in the 1980s, recently shared his thoughts with Cointelegraph, stating that play-to-earn (P2E) games are the reason “real” gamers have a negative perception of crypto.

The executive asserted that “good gamers” prefer not to grind and emphasized that Web3 gaming should shift away from P2E to focus on creating worlds enhanced by virtual reality and augmented reality.

Continue reading

Stoner Cats NFTs are “fan crowdfunding,” not securities — SEC’s Peirce, Uyeda

The SEC has charged the entity behind the NFT collection Stoner Cats with offering unregistered securities. The SEC claims that the NFTs were promoted as having potential for secondary sales and suggested that their value would increase.

However, not all SEC members concur with this decision. SEC commissioners Hester Pierce and Mark Uyeda issued a dissenting statement, contending that the project’s activities represent fan crowdfunding, which they argue is a common practice in the creator economy.

Continue reading

CHECK OUT COINTELEGRAPH’S NFT STEEZ PODCAST

Thank you for reading this summary of the week’s most significant developments in the NFT sector. Join us again next Wednesday for more reports and insights into this rapidly evolving field.