What's In Your Wallet
Elrow Dubai Partners With SeatlabNFT
Elrow Dubai has appointed the NFT ticketing and experience platform as its official VIP tickets provider following a partnership between the two companies. This implies that all VIP tickets will be distributed in the form of NFTs, and attendees will also have the opportunity to receive digital collectibles, airdropped incentives, and gamified interactive blockchain installations on-site. Elrow is well-known for hosting events with carnival and circus themes, the primary focuses of which are on audience participation and immersion.
After wreaking havoc in the art world, nonfungible tokens are starting to make their mark in the music industry, which is the next sector on their list of potential applications.
An important name in electronic music has joined together with a secondary market for event tickets called NFT.
SeatlabNFT asserts that its mission is to assist musicians in cultivating a more intimate relationship with their respective audiences, all while putting an end to ticket scalping and minimizing its negative effects.
In a recent interview, representatives from SeatlabNFT stated that Elrow Dubai supports the company’s goal and attitude, particularly in regard to taking live events to the next level.
And in a piece of news that is sure to pique your interest, we are pleased to announce that Elrow Dubai will be providing Proof of Attendance NFTs to VIPs through the SeatlabNFT platform. They are an effective method of recalling important occasions, and they enable the people who own them to boast with pride that “I was there.” It is also a rethinking of memorabilia for the 21st century, with the memorabilia being permanently memorialized on the blockchain.
The Elrow XXL event will take place in Dubai in February 2023 with a capacity of 8,000 attendees, and VIP tickets will be available for purchase exclusively through SeatlabNFT beginning on November 2, 2022. This is going to be an unforgettable VIP experience, and it will be facilitated via NFT, which has never been done before at an event of this magnitude. Please click here to read the complete announcement.
Exactly how everything is put together
Following their meteoric rise in the art world, non-fungible tokens are quickly making their way into the music industry, which is quickly becoming the next sector where they are having a significant impact. However, it is imperative that all of this be accomplished with the goal of widespread acceptance in mind, and that the process of dealing with this technology be made user-friendly and uncomplicated for everyone, irrespective of whether or not they have prior experience with it.
Because of this, the SeatlabNFT app functions as a central location for the storage of tickets. Even better, attendees will be able to engage with the festival’s thrilling on-site attractions and unlock exclusive rewards thanks to the camera functionality that is integrated right in. Importantly, the app handles the generation of wallets behind the scenes, which helps to minimize some of the complications involved with Web3 while also expediting the process of signing up for the service.
Regarding the partnership with Elrow Dubai, SeatlabNFT CEO Ryan Kenny had the following to say:
“This is a major occasion for us to demonstrate the capability of our technology to not only reward fans with something of genuine value and increase their connection with the events they attend, but also ticket large-scale events using NFTs,”
The event that will introduce thousands of fans to NFTs for the very first time is scheduled to take place in February 2023 and will be hosted by Elrow Dubai.
Make some noise
The dedicated app for SeatlabNFT has recently been released on both the Apple App Store and Google Play, which means that it is now accessible to millions of event attendees all over the world.
Other notable partnerships include a collaboration with the Lost Village festival to develop a limited-edition National Folk Theatre membership card. Holders of this card were granted access to an immersive audiovisual festival experience.
Clean Bandit, LF System, R3WIRE, and Hardy Caprio were among the DJs who performed at the freshers party tour that was organized by the SeatlabNFT team and held at seven different institutions in the United Kingdom.
In the near future, SeatlabNFT plans to provide a self-service onboarding option and reveal even more partnerships with internationally renowned musicians and businesses. Both of these developments are sure to grab headlines. In addition to this, there will be a specialized marketplace for secondary ticket sales, as well as a dashboard that will allow event organizers to view all of their sales data in a centralized location.
The launch of SeatlabNFT will be like music to the ears of event organizers who are captivated by the possibilities presented by the incorporation of digital collectibles into their gatherings.
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The initial iteration of the COGGI Coin was such a resounding success that it immediately spurred the design and production of the second iteration of the coin.
Currently Working on Putting Together a Brand-New COGGI NFT Collection
Fahura Digital Arts have stated that it is working on generating a second round of COGGI NFT Coins in response to the remarkable success of the original release of the coins. This comes after the initial release of COGGI NFT Coins.
On January 6, after Fahura Digital Arts had some early success with the sale of the first 10 Magical Non-fungible Tokens (NFT) via Miidas NFT, the company announced that it is now working on the next generation of COGGI Coins.
On January 7, the creator of the new collection started making statements about it, while simultaneously pushing the Latin phrase “per liberiore mundi,” which means “For a freer world.”
Fahura Digital Arts, the creator of the Presale “Coggi Revolution” Collection, is the entity responsible for the distribution of the NFTs that are a part of the collection.
In addition, Rice Protocol, which is working in conjunction with CoreDAO to power the NFTs, is providing the necessary computing power. COGGI Coin non-fungible tokens (NFTs) are issued by Fahura Digital Arts in the form of ERC-721 tokens for use on the CoreDAO testnet.
Concurrently with the launch of the CORE mainnet, progress has been made on the creation of the Miidas NFT platform. According to the most recent information from the CoreDAO team, the launch of the mainnet should take place in the very near future.
Because of this, in the not-too-distant future, COOGI NFTs will be able to be mined and traded on open marketplaces.
The fact that the bare minimum required to buy a COGGI Coin has been raised to 176 CORE is evidence that demand for both COGGI and CORE is only growing.
The initial collection had a large number of different designs that were shown on a variety of coins. Many of these patterns were associated with precious stones and jewelry in some way.
Fahura Digital Arts are now conducting a feedback collection effort in order to increase user participation and ensure a smooth rollout of the Core Mainnet. As this article is being written, the vote to decide whether or not the Coggi community will make a promise on the number of times it will meet together is still open.
Additionally, Fahura Digital Arts are the company responsible for developing a variety of non-fungible tokens (NFTs) with a llama theme that is compatible with COOGI Coins. You can find the COGGI Llamas on Polygon, and they host a cast of characters that are boisterous and amusing at the same time.
These llamas in the wild command a very high price as well.
The Satoshi Plus ecosystem is being constructed by the official decentralized organization known as the Core DAO. It gives miners the opportunity to gain access to other revenue streams, which they may accomplish by contributing their hashing power to the chain. As a result, miners can potentially increase their earnings.
Core exhibits a strong respect for the history of the cryptocurrency ecosystem, and this joy is matched only by Core’s excitement for its role in the future of the ecosystem. This fervor is fueled by the ideas that lie at the foundation of both blockchains.
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Uniswap, formerly known as UNI, has at long last joined the NFT bandwagon.
As part of the DEX’s most recent effort to seize a section of the market for non-fungible tokens (NFTs), the DEX has announced the release of a new NFT aggregator. This move was made as part of the DEX’s most recent push.
On January 10, Uniswap sent out a tweet in which it announced that the aggregate will consolidate NFT listings from different marketplaces into a single interface, allowing users to view all of the advertising simultaneously.
There were a few different platforms utilized, some of which included LarvaLabs, LooksRare, and OpenSea.
The Uniswap NFT aggregator was developed with the goal of making it easier for NFT traders to compare the prices of different products but what’s even more crucial is the fact that it offers a degree of efficiency that can be deployed as a weapon against the fragmented nature of the market. This is an extremely important feature.
Customers do not need to move from one platform to another in order to discover the best offers or prices since this allows for a unified shopping experience.
Increasing the number of non-fund transfer transactions that are carried out on Uniswap
It was too early to say anything till the time the paper was printed, but it is feasible that Uniswap’s NFT trading volumes may grow as a result of this remark. On the other side, the increase will be dependent on whether or not the efficiency of this new product will be successful in attracting extra users.
An analysis of the company’s past performance revealed that the trading volumes of Uniswap’s non-financial instruments had seen a considerable drop from the highs they attained around six months ago. This was discovered when the company’s history was analyzed. It was a reflection of the general drop that has been witnessed in the market for NFTs over the course of the previous year.
Nevertheless, despite the fall, a considerable amount of commercial activity was still carried out in the market. This was the case despite the fact that the price had dropped. As a result, the brand-new NFT aggregator has the possibility of causing an increase in the number of NFT trades over the course of the following few months.
Will UNI be able to carry on with their rally despite the weather?
Following a significant spike that began around the end of December 2022, Uniswap’s native token, UNI, has been seeing considerable selling pressure as of late. This increase began towards the end of December 2022.
At the time that this article was being written, it was being traded for $5.69, having experienced a little drop in value over the course of the preceding three days.
UNI could still have some room for upward movement, especially taking into account the fact that it had not been overbought at the time that this article was being produced and hence could still have some room for growth.
However, its MFI was already in the overbought zone when we looked at it, which increased the possibility of a probable decrease in value.
New evidence in support of this notion was offered by recent studies on the volume of trades.
At the time that this article was being written, the most current exchange volume figures provided by UNI indicated that there has been a decline in the amount of trading activity that has taken place after a price increase that occurred at the beginning of the week came to an end.
The ratio of money entering the market to money leaving it suggested that purchasers made up the majority of participants in the market.
The fact that UNI’s foreign exchange inflows were greater than its foreign exchange outflows at the time that this article was published is an indication that there was less buy pressure than there was demand.
As a direct result of this, there would almost certainly be an increase in the amount of selling pressure if this trend continued; nevertheless, the bulls may make a comeback if the market climate is conducive to it.
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The highly anticipated debut of the Game of Thrones NFT has already achieved its maximum capacity and is completely sold out, despite the fact that there have been delays and criticisms that it lacks “creative vision.”
The official “Game of Thrones” NFT collection, which was given the name “Build Your Realm,” was completely drained of all of its available inventory after just seven hours of its release yesterday on Nifty’s NFT marketplace.
The collection was given the name “Build Your Realm.”
It was probably not difficult to foresee the high degree of demand for these collectibles due to the general attractiveness of the event (and its new spinoff series “House of the Dragon“).
On the other hand, many people are now commenting that the quality of the artwork in the collection is equivalent to the eighth season of the HBO series, which is a big letdown for those who were anticipating a significant improvement.
Nifty’s and Daz 3D, a digital production company, collaborated on the first series of the collection in order to produce non-fungible tokens. Daz 3D was responsible for the creation and construction of the tokens.
November was the month that saw the first public disclosure of the project (NFTs). Each non-fungible token (NFT) that is mined on the Palm blockchain, which is an Ethereum-compatible sidechain developed solely for NFTs, contains several elements from the universe of “Game of Thrones.” Palm is a blockchain designed exclusively for NFTs. This enables collectors to create their very own one-of-a-kind places and avatars by employing NFTs in the construction process.
The NFTs were made available for distribution through a presale of 3,450 Hero Boxes, which was then followed by a general sale of 1,500 Hero Boxes four hours later. In all, 6,050 Hero Boxes were purchased through both of these sales. Each Hero Box may be purchased for a total cost of $150 (or about 0.11 ETH), and in addition to three Story Cards and nine Resource Cards, it includes one Hero Avatar.
The launch of the NFT has been met with criticism for two distinct reasons: difficulties with the mint, and derision directed at the embarrassingly terrible avatar designs. Both of these issues have contributed to the controversy that has surrounded the launch.
Reproducing mistakes and satirizing existing works of art
As a result of the congestion, Nifty’s released an announcement indicating that it had “paused the line temporarily,” assuring consumers that they will either receive a refund for their purchase or see it emerge in the near future.
According to the account of one user on Twitter, after waiting for one hour, they found out that they still had to wait another two and a half hours before they could mint. Another individual stated that by the time that they had gotten their NFTs, the floor price had already gone down.
The lowest price at which an NFT that is a part of a collection may be obtained immediately is referred to as the floor price of the collection.
It is not particularly typical for issues to develop with minting and delivery when a project is first introduced; despite this, the most prevalent criticism is over the avatars’ outward look, namely the hands, which are portrayed as being unrealistic.
“This Game of Thrones NFT collection is just like the last season of the program,” Justin Taylor is quoted as saying in one of his articles. “There is absolutely no creative vision, and the situation is terrible.”
Loopify, a nickname used by the co-founder of the Web3 gaming project Treeverse, referred to the collection as “the ugliest thing I’ve ever seen.” He said this in reference to the collection. In addition to that, he included an illustration of an avatar with very bizarre hands.
Despite the criticism that has been thrown towards the roasting, some people have pointed out that there is still a chance that it will be beneficial for collectors.
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