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This week in the Metaverse: Zuckerberg doubts, $1 billion in NFT creator royalties, and real-life Metaverse clothes from Forever 21

Mark Zuckerberg, CEO of Meta, is not giving up on the Metaverse, much to the anger of his critics. Since the founder of Facebook redesigned his firm last year to reflect his metaverse aspirations, some skeptics have urged him to abandon his plans to create a metaverse. Zuckerberg stated on Wednesday at the DealBook Summit in New York that he was ignoring his detractors. Metaverse News tries to cover all celebrity conferences about Metaverse world

“The skepticism doesn’t bother me too much,” Zuckerberg said during a virtual interview at the conference, according to CoinDesk. “We’ve had doubts the whole time.”

The business has already invested billions in establishing its virtual reality branch, Reality Labs, but Zuckerberg stated that the company will need to operate with “more efficiency and discipline” if the economy enters a recession.

This week, OpenSea also reported that creators on its platform are projected to earn $1 billion in 2022. This number is based exclusively on the producer’s fees from the resale of their work, excluding any outside agreements made by the performers.

This announcement gives validity to what artists have always said: the best way to help NFT creators is to introduce greater creator fees that give artists a percentage of secondary sales.

This year, numerous markets, such as Looks Rare and Magic Eden, made creator fees optional, heightening the controversy surrounding them. OpenSea considered doing the same, but ultimately renounced a producer fee.

Even while there is positive metaverse and NFT news despite the market collapse, there are still problems. Add the $400,000 Metaverse launch event that was prevented by the European Union Commission’s Foreign Aid Department to this list. The event to promote the EU Commission’s Global Gateway Initiative, which aims to create $300 billion in infrastructure in underdeveloped nations by 2027, was supposedly attended by only six persons.

This week, forever 21 made his Metaverse attire available in the real world. One year after the introduction of Roblox Shop City, the business is releasing comparable clothing as part of its F21 Metaverse collection. The collection will include the best-selling item of the brand, the Forever Beanie roblox series. The Metaverse fashion range begins with items priced at $14.99.

This week, Porsche launched a new series of NFTs showcasing a white Porsche 911 Carrera at the art basel art fair. Clients can influence the design of their NFTs by selecting a theme from the Porsche brand’s performance, heritage, or lifestyle categories. This week, Porsche unveiled a new series of NFTs with three possible themes.

This week, game7, a Web3 gaming DAO supported by BitDAO and Forte Ecosystem, launched a $100 million grant program to advance Web3 gaming. The program will allow developers to build tools, create education programs, host events, and conduct research to increase the diversity and accessibility of the Web3 video game industry. Five categories of projects will receive grants: technology, events, diversity, education, and research. With plans for expansion, the program is cross-chain and supports the polygon, solana, and adamantAnd Mediation ecosystems.

Opensea is integrating BNB Chain into its platform in order to improve the NFT trading experience and attract more customers. This week, openc integrated bnb chain into its Seaport protocol, making BNB on-chain NFTs accessible on OpenSea. The NFT marketplace stated in a statement that integrating the BNB chain will enable authors to avoid costly gas fees, make signature confirmation functions simpler to view, and reduce the need for new users to pay setup fees. Here at the Meta Daily Press, we will continue to monitor metaverse news throughout the week.

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About MahKa

This week in the Metaverse: Zuckerberg doubts, $1 billion in NFT creator royalties, and real-life Metaverse clothes from Forever 21MahKa loves exploring the decentralized world. She writes about NFTs, the metaverse, Web3 and similar topics.

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