In this week’s newsletter, check out Readyverse Studios’ trailer for its new metaverse game project, read about a joint study by the United States Patent and Trademark Office (USPTO) and the country’s Copyright Office on nonfungible tokens (NFTs), and find out what the inventor of the World Wide Web thinks about metaverse-related technology like virtual reality (VR) and artificial intelligence (AI). In other news, check out the blockchain music label that brings artists into the metaverse, and don’t forget this week’s Nifty News, featuring NFT floor prices falling despite the price of Ether (ETH) rising.
Readyverse Studios debuts trailer for metaverse battle royale game Open
Futurverse Studios and Readyverse, a project founded by the Ready Player One book author Ernest Cline and movie producer Dan Farah, launched a trailer for a third-person battle royale game called Open. The game was created in collaboration with Walker Labs, the developers of the open-world shooter game Walker World.
The game’s website promises an “AAA metaverse gaming experience” and multiple genres, intellectual properties (IPs), and environments. Within the trailer, the metaverse game teased viewers with different entertainment systems and the time machine from the movie Back to the Future, suggesting that the firm is also tapping into other IPs and not just the Ready Player One franchise.
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World Wide Web inventor predicts VR and spatial computing will transform the internet
Tim Berners-Lee, the creator of the World Wide Web, gave several predictions for the future of the internet in an interview on the Web’s 35th birthday. The tech pioneer believes VR and AI will affect the internet’s next chapter.
Berners-Lee explained that an AI assistant that people can trust would be one of the things that will exist in the new iteration of the internet. The tech pioneer likened the AI assistant’s trustworthiness to a doctor, suggesting that it will be a normal part of people’s lives. In terms of VR, the tech pioneer said spatial computing might replace the mouse, keyboard and touchscreen.
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Intellectual property infringement rife in NFTs, but new laws not needed: US gov’t report
A joint study by the USPTO and the country’s Copyright Office concluded that piracy and intellectual property infringement are common on NFT marketplaces. Despite this, the two government agencies highlighted that this doesn’t require changes in the country’s IP laws.
The study noted that NFT-related infringements will implicate copyright law similarly to other unauthorized reproductions. In addition, the report highlighted that there are existing tools to address NFT infringements similar to other online copyright violations.
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TCG World partners with Chooky Records to bring Busta Rhymes and others to the metaverse
Blockchain music label Chooky Records and online virtual community sandbox TCG World collaborated to bring music from rapper Busta Rhymes, artists O.T. and Elesia Iimura to the metaverse. Initially, the project will launch an animated video featuring recording artists in the TCG World metaverse.
According to Chooky Records, the project lets artists not be confined to 360 deals with one-off contracts. The firm combines digital music with NFTs to create a tokenized entertainment experience.
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Nifty News: Starknet’s new gaming body gets $125 million, NFTs fall as ETH rises, and more
Meanwhile, NFT floor prices dropped on March 12 as ETH traded above $4,000 for the first time since 2021. Popular collections like Bored Ape and Mutant Ape Yacht Club fell by 13%, while Azuki and DeGods dropped by almost 9%.
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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.
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