Phygital NFTs: Merging Physical and Digital worlds
Could NFTs help in bridging the gap between physical and digital?
For this 8Weekly piece, we will be covering the following:
1. Hypothesis and Outland: Merging Physical and Digital worlds
2. CryptoPunks 2924 Sold for 3,300 ETH
3. BNB Chain Resumes Operations After 2 Million Token Exploit
4. PUBG’s creator confirm next game will be blockchain based
1. Hypothesis and Outland: Merging Physical and Digital worlds
Wonderfruit music festival in Thailand is coming up December 2022, and this year, Hypothesis and Outland are bringing something new for fans and visitors alike, with the launch of Phygital NFTs that unlock real life experiences in addition to specially created digital art.
NFTs from Hypothesis' new collection, Birth of Being, will unlock real life experiences for holders, serving as access tickets to Wonderfruit 2022 and upgraded experiences at the festival ranging from Michelin-starred chef meals to wellness experiences to onsite swag. We can’t put it better than Hypothesis Co-Founder Shaan Coelho:
“We've been building this collection to bring to life the cyclical relationship between physical and digital. Our physically made characters were digitally scanned into an NFT collection that unlocks a physical experience at Wonderfruit. And that's just the first cycle. This is a platform for experimentation, and this birth is just the beginning."
Hypothesis is aiming to be the hybrid space between the physical and digital where communities come to connect, and launching their collection with Outland is something we look forward to. Previously, Outland gave 8DAO members whitelists to their collection, Elemental by Fang Lijun, a renowned contemporary Chinese painter and printmaker. Their collection remains very popular among our members.
2. CryptoPunks 2924 sold for 3,300 ETH
CryptoPunks #2924 was sold for 3300 ETH, or approximately $4.5 million, representing the fourth-highest sales amount in the history of CryptoPunks.
The seller is well-known NFT collector seedphrase, who originally purchased CryptoPunks #2924 in November 2020 for about 150 ETH (or approximately $71,403 at that time). In dollar terms, a stunning profit of $4.43m.
3. BNB Chain Resumes Operations After 2 Million Token Exploit
Binance’s BNB Chain has resumed operations a hacker reportedly made off with an estimated 2 million BNB tokens by exploiting a vulnerability in the network. At the time of the exploit, this sum came out to roughly $586 million, which would have made it the second-largest in crypto’s history.
However, security firm SlowMist said the hacker only managed to steal an estimated $110 million, with the majority of the stolen tokens ($430 million worth) not transferred off the BNB chain following the chain’s subsequent suspension.
4. PUBG’s creator confirm next game will be blockchain based
PUBG creator Brendan Greene is pivoting to the metaverse and blockchain tech, with a new NFT-clad game that he says will be "made for everyone", not money. This is part of a long-running plan that started in 2019 when he left PUBG's development to start PlayerUnkown Productions in Amsterdam.
It's developing Artemis, a virtual metaverse that will feature an AI population, sort of like a giant Earth-sized Roblox world inhabited by NPCs where you can trade NFTs and earn real money.
Brendan Greene recently participated in an interview with the program Hit Points hosted by Nathan Brown, and confirmed that the new game "Artemis" being developed by his studio is a blockchain game, and mentioned the future direction of the game, saying that players will be able to play in the sandbox. Build everything they like, with decentralized ownership, allowing everyone to participate.
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