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Digital Furniture Auction

News Title: In the Latest NFT Auction Frenzy, an Artist Just Sold a Collection of Digital Furniture for $450,000

Andrés Reisinger, a designer of whimsical 3D furniture renderings, has sold 10 of his designs (all verified by NFTs) for $450,000 total in an online auction

Signal Link:https://news.artnet.com/market/virtual-furniture-nft-auction-1946103

Why does it matter? For long time, virtual object lacks authenticity, but blockchain technology made virtual objects scare and valuable.

Andrés Reisinger

 

 

Gucci Virtual Sneaker

As one of the world’s most popular brands, Gucci has capitalized on the multi-billion dollar sneaker market by dropping new logo-heavy silhouettes and remixing winning styles to keep things fresh. The Italian company’s latest kicks are its most egalitarian to date, weighing in at a mere $11.99 USD, but you’ll never be able to wear themHaving already dipped into the digital footwear realm, the luxury fashion house Gucci is now launching a series of augmented reality (AR) sneakers. This is part of a major push from parent Kering to keep at the forefront of virtual reality trends.To accomplish this, Gucci has once again collaborated with Belarus-based fashion-tech company Wanna, known for manipulating AR to create three-dimensional models that can be used for digital sneakers and watches fittings. Wanna is no stranger to the fashion and tech world, having worked with brands such as Reebok, Puma and Snapchat to test out the consumer response to virtually trying on clothing. Previously, Gucci has worked with Wanna to digitalize its AR sneaker “try-ons” in the Gucci app(hyperBeast)

Why it matters?

It implies that we see strong growth in Virtual Economy segment. It also shows the importance of NFTs in future of ownership. If users pay for virtual goods,  they should posses the virtual items beyond the seller platform.

 

 

What is vSport?

Virtual Sport is a trend which can boost Virtual Economy.

A vSport is a physical sport not possible in the real world – a unique full-body experience that can only be delivered through virtual reality, with a well-defined rule-set and physicality as found in real-world sports. In Sparc, your VR hardware is your sporting equipment. We’ve designed Sparc so that players can express and improve their skill through their physical actions so when you play, it’s really you – not a fictional character in a fictional world(1)

Widespread Popularity Target Date: 2025-2030

Digital Dress

Title of News: A digital ‘dress’ sold for $9,500

Dutch startup The Fabricant, Dapper Labs and artist Johanna Jaskowska recently sold a digital dress, Iridescence, for $9,500 on the blockchain. It’s not like buying a costume in a video game — the creators will ‘tailor’ it for you based on a photo, and its nature as a blockchain asset both makes it unique and gives it value like cryptocurrency. It’s also based on 2D patterns used for conventional clothes, so you could theoretically create a real life equivalent(1).

Why it matters:

-It boosts the virtual economy

-It boosts virtual cosmetics

-It boosts virtual fashion

Enabler Technologies:

-Blockchain, Computer Graphics

Most Expensive Virtual Object

First Planet Company, a subsidiary of the MindArk Group that develops and markets the Massively Multiplayer Online Role Playing Game Planet Calypso, which is based on the Entropia Platform and part of the Entropia Universe (still with me?), claims that the world record for most expensive virtual object ever to be sold has been smashed into thousands of virtual pieces.

First Planet Company about a month ago announced the public auction of the Crystal Palace Space Station, according to the release ‘an extremely popular hunting destination that is in orbit around Planet Calypso’. The lucky winner of the auction, Erik Novak (aka “Buzz Erik Lightyear”), ended up winning the bid with a $330,000.00 USD offer(Techcrunch).

Buyer was certain he would get great returns off of. 10 years later, after some great returns on the investment, it was decided that the Crystal Palace Space Station would be a publicly owned asset with 500,000 shares available at 10 PED ($1) per share. That’s a total-shares value of $500,000 dollars(bproperty)!

Video of Crystal Palace Space Station

Why it matters?

-it changes the known paradigm of ownership, It encourages investment in virtual objects of virtual worlds.

-It boosts the investment in virtual properties.