Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Stay updated with the latest news and trends in nonfungible tokens. Every Wednesday, our newsletter will provide you with the information and inspiration to delve deeper into the world of NFTs.
In this week’s newsletter, discover how NASA is using virtual reality (VR) technology and the metaverse to train its astronauts. Find out what factors are leading to 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’s VR metaverse prepares astronauts for life on the lunar space station
While many of us spend our time in the metaverse trading assets or exploring virtual reality with legless avatars, astronauts from NASA and SpaceX are utilizing the metaverse to prepare for life on a lunar space station that is still in development. According to NASA, the team responsible for operating the “Gateway” space station, which will be the first human settlement in deep space, is utilizing this technology.
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Ubisoft unveils new blockchain game at Paris Blockchain Week
Ubisoft, a leading AAA game studio, is getting closer to releasing its first blockchain-based game. During Paris Blockchain Week, the studio revealed the first gameplay trailer for Champions Tactics Grimoria. Cointelegraph had the exclusive opportunity to experience a playthrough of this tactical player-vs-player role-playing game at the conference. Players can create blockchain-based figurines with unique characteristics and abilities, forming a team of three for turn-based gameplay.
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Bored Ape NFTs experience significant decline in floor price
The floor price of Bored Ape Yacht Club (BAYC) NFTs has dropped over 90% from its peak, reaching its lowest point since August 2021 at 11.1 Ether (ETH). According to NFT Price Floor, BAYC is now approaching a sub-10 ETH floor price, with a 50% decrease since March 1 alone. This decline in price is part of a wider industry trend of decreasing popularity for digital art NFTs. However, it is worth noting that some BAYC NFTs continue to sell well above their floor price, which is determined by the lowest-priced NFT in the collection.
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VeChain partners with UFC to tokenize gloves
VeChain recently announced a partnership with the Ultimate Fighting Championship (UFC) to tokenize the gloves worn by fighters. The gloves will be tracked on the VeChainThor network through near-field communication chips embedded in them. These chips will record fight data, ensuring the authenticity of each pair. After the fights, the athletes will donate and give away their gloves, turning them into collectors’ items. Buyers can verify the authenticity of the gloves through the VeChainThor network’s smart contract. The gloves were first worn by fighters at UFC 300 on April 13.
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Thank you for reading this digest of the latest developments in the NFT space. Join us again next Wednesday for more reports and insights into this rapidly evolving industry.