Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Stay updated with the latest news on nonfungible tokens by continuing to read. Every Wednesday, the Nifty Newsletter provides you with information and inspiration to delve deeper into the latest trends and insights in the world of NFTs.
In this week’s newsletter, discover how NASA utilizes virtual reality (VR) technology and the metaverse to train its astronauts. Find out the reasons behind the decline in the floor price of Bored Ape Yacht Club (BAYC) NFTs. Additionally, get exclusive updates from Paris Blockchain Week, including Ubisoft’s plans for blockchain gaming.
NASA has created a virtual reality metaverse to prepare astronauts for life on a lunar space station. While many of us spend our time in the metaverse trading assets or exploring virtual reality, astronauts from NASA and SpaceX are using this technology to get ready for life on a yet-to-be-built lunar space station. According to NASA, the first humans to inhabit deep space will be the team responsible for operating the “Gateway” space station, which is currently being developed.
Ubisoft, a renowned AAA game studio, is getting closer to releasing its first blockchain-based game. During Paris Blockchain Week, Ubisoft unveiled the first gameplay trailer for Champions Tactics Grimoria. Cointelegraph had the privilege of an exclusive playthrough of the tactical player-vs-player role-playing game. In this game, players can create blockchain-based figurines with unique features and characteristics, which can be combined into a team of three for the turn-based gameplay.
The floor price of BAYC NFTs has hit its lowest point in over two and a half years, dropping over 90% from its peak to 11.1 Ether (ETH). According to NFT Price Floor, BAYC is now approaching a sub-10 ETH floor price, experiencing a 50% decrease since March 1 alone. This decline in price is part of a broader trend of decreasing popularity for digital art NFTs in the industry. However, it’s important to note that some BAYC NFTs continue to sell significantly above their floor price, which is determined by the lowest-priced NFT in the collection.
VeChain has announced a partnership with UFC to tokenize the gloves worn by fighters. According to a blog post from VeChain, the gloves will be tracked on the VeChainThor network through near-field communication chips embedded in them. These chips record fight data and verify the authenticity of each pair of gloves. After the fights, the athletes will donate and give away their gloves, turning them into valuable collectors’ items. Buyers can verify the authenticity of the gloves through a VeChainThor network smart contract. The gloves made their debut at UFC 300 on April 13.
Thank you for reading this summary of the week’s most significant developments in the NFT space. Visit again next Wednesday for more updates and insights into this rapidly evolving industry.