NFT weekly update: The Polygon Web3 Ecosystem Grows and Aptos' NFTs Spark Increased Interest
Welcome to the latest edition of our NFT, web3, and metaverse newsletter! we bring you the latest news and developments in the space.
Justin Kan's Web3 gaming platform, Fractal, has launched on Polygon.
The recent price pump of Aptos is driving interest in NFTs on the Layer 1 blockchain.
Treasure DAO has launched MagicSwap, the first AMM with universal token compatibility.
Intertrust launched a Creator Toolkit to help accelerate the transition to Web3.
Partnerships 🤝
Justin Kan, co-founder of Twitch, has launched his Web3 gaming platform, Fractal, on the Polygon network. The platform aims to bring a new level of user engagement and ownership to gamers through NFTs and other Web3 technologies.
Fractal will tap into Polygon’s zero-knowledge-based scalability (launched in May last year), which is offered within the security parameters of the Ethereum network.
The company believes that using such a blockchain platform is essential to building massive consumer-facing projects on web3.
Accenture has ramped up its metaverse campaign with a strategic investment in Forma Vision, a provider of virtual and augmented reality solutions. The investment will help Accenture accelerate its vision of building a connected metaverse that seamlessly integrates with the physical world.
Unlike using 3D avatars people appear as themselves, which makes activities like holding boardroom meetings in the metaverse more formal, authentic, and engaging.
What’s New 📰
The recent price pump of Aptos, a Layer 1 blockchain NFT project, has generated a lot of interest in NFTs on the Layer 1 blockchain. The project has seen tremendous growth in recent months and is attracting a lot of attention from investors and collectors alike.
The sudden surge in price action was no coincidence and didn’t happen out of the blue. It began on Jan 20, when Binance announced the opening of APT liquidity pools with BTC and USDT pairs.
Binance Liquidity Farming is a liquidity pool developed based on the AMM (Automatic Market Maker) principle.
Treasure DAO has launched MagicSwap, the first Automated Market Maker (AMM) with universal token compatibility. The platform will allow users to trade a wide range of tokens, including NFTs, on a single platform, making it easier for them to manage their digital assets.
The protocol has also integrated royalties into the pool creation process, enabling each pool to set up automated royalties.
MagicSwap’s primary goal is to provide immersive gaming experiences to players, keeping them away from the destruction of worrying about asset prices.
Intertrust has launched a Creator Toolkit, aimed at helping developers, artists, and content creators build, distribute and monetize their creations on the Web3 ecosystem.
The toolkit provides a suite of tools and services to help creators transition to the decentralized, blockchain-based Web3 ecosystem.
They can also securely link their products to popular blockchains and crypto wallets without affecting the security of their digital rights.