Nifty News: Nft And Web3 Gaming Console To Launch In 2024, Chinese Firms To Check Id For Nft Buying, And More


Polium, an organization that markets itself as “constructing the merchandise and infrastructure for Web3 gaming,” has mentioned it is launching a gaming console that may assist a number of blockchains and nonfungible tokens (NFTs).

The “Polium One” console introduced on July 3 is slated for an preliminary Q3 2024 launch and can assist the Ethereum (ETH), Solana (SOL), Polygon (MATIC), BNB Chain (BNB), ImmutableX, Concord, EOS, and WAX blockchains.

We’re introducing the Polium One, A multi-chain console for Net 3 Gaming. #Web3OnConsole pic.twitter.com/tkRaP2O13A

— Polium (@Polium__) July 2, 2022

Presently, the one specs listed for the console are that it’s going to assist a 4K Extremely HD decision at 120 frames per second. Polium says its neighborhood will assist them construct the console’s {hardware} and software program and states it’ll have a useful prototype in “a couple of months.”

In keeping with Polium, the console will characteristic its personal multichain cryptocurrency pockets, and the controller may have a pockets button for customers to make trades extra effectively. Safety and verification of transactions from the console might be enabled by way of a fingerprint scanner on the controller.

The console’s worth is unknown, however Polium does plan to mint a “Polium Go” NFT, which is able to enable holders to say a console on the preliminary launch day. Go holders will obtain one other NFT, which sooner or later will be staked for a “PLAY” token, the console’s native token for transacting on its market app.

Polium plans on releasing 10,000 consoles to Polium Go holders and companions on the Q3 2024 preliminary launch, with extra items manufactured for the general public in Q3 2025. It has set a objective of promoting over 1 million items.

The corporate has already obtained criticism for its brand wanting much like one other fashionable console, the Nintendo GameCube. Polium mentioned it didn’t copy the emblem and is already creating a brand new brand “that’s unique.”

Man brand appears kinda acquainted… pic.twitter.com/bruj4gX35D

— ben shambrook (@shambrookben) July 4, 2022

Chinese language tech giants to verify ID earlier than NFT purchases

China’s NFT trade gamers and the nation’s largest expertise corporations have signed an settlement to verify the id of customers utilizing digital collectible buying and selling platforms, in line with a report on July 4 from the South China Morning Put up.

A so-called “self-discipline initiative” doc was signed by corporations with a stake in China’s NFT market, akin to JD.com, Tencent Holdings, Baidu, and digital funds platform Ant Group, an affiliate of Alibaba Group.

The doc was printed on June 30 by the China Cultural Trade Affiliation and, whereas not legally binding, calls on the corporations to “require real-name authentication of those that difficulty, promote and purchase” NFTs, and “solely assist authorized tender because the denomination and settlement forex.”

The initiative additionally seeks for the businesses to vow to not create secondary marketplaces for NFTs to fight buying and selling hypothesis.

The recognition of NFTs in China is on the rise, and digital collectable platforms have grown 5X in simply 4 months from February to mid-June 2022 regardless of a number of warnings from the federal government.

Nike trying to create online game NFTs

A patent filed by Nike Inc. on June 30 with america Patent and Trademark Workplace (USPTO) exhibits the health clothier is curious about a “online game integration” of NFTs.

As per the submitting, Nike seeks to patent a technique the place a “digital object” will show in video games, the place that object is a “digital shoe, article of attire, headgear, avatar, or pet.” Different language within the submitting suggests Nike plans to promote the bodily sneakers and garments represented inside the NFTs.

Associated: NFT hype evidently useless as every day gross sales in June 2022 dip to one-year lows

The reasoning introduced within the submitting suggests Nike is anxious with counterfeit digital collectibles and says there “exists a necessity for a retailer to extra instantly affect and management the character and supreme provide of digital objects inside this digital market.”

It additionally causes a chance exists for it to capitalize and have interaction with online game gamers as most video games characteristic customizable characters, which may make them “extra engaged with a model within the bodily world.”

Extra Nifty Information:

The second-largest sale of an Ethereum Title Service (ENS) area not solely in U.S. {dollars} but in addition in Ethereum occurred on July 3 when the area “000.eth” offered for 300 ETH, roughly $320,000. The very best sale of an ENS area was for “paradigm.eth” in October 2021, which fetched 420 ETH, round $1.5 million on the time.

Social media platform Fb will add assist for NFTs, and a “digital collectibles” tab will seem on the pages of chosen creators within the U.S., with a characteristic to cross-post between Instagram and Fb rolling out ultimately.


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