Artemis, the project that Brendan "PlayerUnknown" Greene's new studio is working on, will be an Earth-size metaverse based on blockchain technologies and NFTs.
The marketplace's daily NFT trading volume declined by approximately 99% from its record high of $405.75 million on May 1 to only $5 million on August 28.
Following Mojang's announcement that NFT integrations would be banned, NFT Worlds' stock was down to less than a third of its original price.
Minecraft's new policy prohibits creating rare digital assets in Minecraft using blockchain technology and integrating blockchain in Minecraft client and server applications.
Sales volume on NFT marketplaces keeps falling as well as the value of top-selling tokens drops significantly.
John Leighy explained what NFTs are, clarified how the technology works, and spoke about the use cases of NFTs.
Instead, the company intends to use the money to develop and enhance its own gaming IP.
Avatars for Ukraine, the charity NFT initiative, has raised $25,000 in an auction. 100% of the funds will go towards supporting medical aid for Ukraine.
A group of video game industry professionals created the new initiative named Avatars for Ukraine. The charity NFT collection will be released on May 19, 2022, and will feature a number of artworks from over 50 digital artists from both games and movie industries.
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