The management of Magic Eden emphasizes that this acquisition is a significant stride towards their goal of offering a comprehensive platform for trading all assets across all blockchain networks, bypassing the need for bridges and CEXs.

Slingshot, with a user base approaching a million, provides access to any token on 10 of the largest blockchains using a universal USDC balance. The platform is one among a group of crypto platforms striving for full-chain abstraction, thereby simplifying the process for users to acquire tokens.

Magic Eden’s CEO, Jack Lu, anticipates that the integration of Slingshot will pave the way for a transition of the 500 million users currently relying on centralized exchanges to more cryptocurrency-native, on-chain platforms.

In spite of the market downturn leading to the closure of several NFT marketplaces, Magic Eden remains optimistic. In 2024, Magic Eden generated $75 million from its NFT marketplace and it is hoped that the Slingshot acquisition will significantly boost these figures.

The acquisition comes amidst a wave of closures of NFT marketplaces such as DraftKings, GameStop, and Bybit due to declining NFT trading volumes. NFT marketplace X2Y2 also announced a shut down as it shifts focus to artificial intelligence.

According to CryptoSlam data, NFT marketplaces have witnessed $1.6 billion in NFT sales across 14 million transactions in 2025. However, the monthly sales volume has been experiencing a steady decline throughout 2025, and the current sales are not projected to reach the 2024 total of $8.9 billion, far less the highest ever total of $23.7 billion recorded in 2022.

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Famous American Internet Services provider Yahoo has announced that it is launching various activities of a metaverse in Hong Kong. 

Officially Yahoo has planned to initiate the various activities in the Metaverse in Hong Kong. The purpose is to explore the immersive utilization of the advertising technologies. 

The company announced a day after various meta platforms announced different plans to use Hong Kong as a testing ground.

According to the Yahoo announcement, the company will host virtual exhibitions and concerts. They will be hosting these events on the very famous Metaverse platform Decenterland. Also, they are planning to feature local artists and local idols. Along with the release of a restricted amount of Non- Fungible Tokens. 

Furthermore, they are planning to feature the local artists and idols by realizing the limited number of NFTs. 

Related: How to Make Money in Metaverse? Passive Income Ideas!

Lorraine Cheung, head of the audience at Yahoo Hong Kong, stated that:

“Yahoo Hong Kong has always been providing a wide range of online services that are relevant to people’s daily lives, including using the latest technology to improve and enhance the user experience,”

In addition, Yahoo is launching the NFT exhibition known as “The Abyss of Kwun Tong”. This week, they are collaborating with the local creators. Also, Yahoo is collaborating with the local creators in Metaverse in Hong Kong. 

The exhibition is about the iconic neighborhood of Hong Kong that has been drastically transformed by redevelopment projects.

Yahoo Inspiration for Creating the Metaverse in Hong Kong

Other Tech companies like South Korea’s Samsung electronics and Meta have also chosen Hong Kong as a testing ground to pursue the metaverse-related activities. 

Speaking of the Metaverse, it is a virtual world where people are foreseen to socialize, trade, play and work in the future. 

Meanwhile, the asset management arm of Samsung Electronics launched Hong Kong’s first exchange-traded fund (ETF) earlier this week, focusing on blockchain technology. Further, the move underpins the development of the metaverse.

According to the South China Morning Post, Amazon.com is also planning to establish its foothold in Hong Kong with its cloud computing business unit Amazon Web Services. 

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STEPVR has released a gate to the Metaverse. Through this gate, you can buy one for your house.

STEPVR is the company behind a string of VR Entertainment centers in China. For instance, there is a massive shed in Beijing that covers an area of 1,000 square meters. In it, up to 40 players can be playing the same game at the same time.  All the while, they are fully immersed in the Metaverse. And it’s not the only venue. There are 140 other sheds like this across China, although they vary in size.

In these games, you can roam freely in virtual reality, use virtual doorknobs to open doors and press elevator buttons. It has life-like sight, touch, smell, and hearing. Players have said that the authenticity is not the same as VR goggles. It is way wilder than that.

The game they are playing is called Future Battle. It is a large-scale VR e-sports game under STEPVR. Players can roam as they act out the game.

This has been a massive success. The game Future Battle has attracted 1 million customers, with no sign of slowing down. 

STEPVR Game’s Details

In these games, you can roam freely in virtual reality, use virtual doorknobs to open doors and press elevator buttons. It has life-like sight, touch, smell, and hearing. Players have said that the authenticity is not the same as VR goggles. It is way wilder than that.

The game they are playing is called Future Battle. It is a large-scale VR e-sports game under STEPVR. Players can roam as they act out the game.

This has been a massive success. The game Future Battle has attracted 1 million customers, with no sign of slowing down. 

This is the daddy gadget of gadgets. This is fully immersive VR in our homes that we dream of. And the whole idea is that you don’t get motion sick from using it.

The company says it has an omnidirectional motion system with accompanying equipment that allows you to use your five senses in the virtual world. You can use the device for sports, work, entertainment, or education.

STEPVR say they are the world’s first company to offer massively multiplayer online games (MMO) in the VR world. They also say their tech has surpassed companies such as Meta and “taken the lead in launching software and hardware systems that enter the metaverse.”

STEPVR say they are the world’s first company to offer massively multiplayer online games (MMO) in the VR world. They also say their tech has surpassed companies such as Meta and “taken the lead in launching software and hardware systems that enter the metaverse.”

Gates01 covers an area of approximately 3m2. The deck can be used to run freely and achieve instant stopping movements. In addition, Gates01 can also restore the sense of vestibular balance in the virtual world. This means you can have a genuinely immersive experience without getting motion sickness in a small and convenient space.

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• Alibaba Cloud has launched a market solution for non-fungible tokens (NFT) as China’s number one cloud computing service provider.

The NFT solutions are services to enable artists and creators to monetize their NFT projects with ease. They include web hosting services, digital marketing, and Global delivery.

Under the web hosting services, investors can build a reliable NFT marketplace with high elasticity using Alibaba Cloud Elastic Compute Service (ECS) and Auto Scaling. Further, In it, static content such as images and text in Object Storage Service (OSS) can be stored. Also, other non-sensitive data such as a platform ID and user alias in a database.

For the NFT digital marketing solution, Alibaba Cloud provides efficient marketing channels for reaching customers via Short Message Service (SMS). With this, promotional notification and verification messages are sendable in batches to customers worldwide. Moreover, the SMS selects the best route in real-time and provides authentication to ensure the messages.

Alibaba Cloud Project Details

Alibaba Cloud also offers a Content Delivery Network (CDN) and Server Load Balancer (SLB), which provide high-performance content delivery for NFT applications across the globe. According to them, their Classic Load Balancer (CLB) runs at Layer 4 and supports up to 100,000 QPS. However, their Application Load Balancer (ALB) runs at Layer 7 and supports up to 1,000,000 QPS.

The costs of these services range from $1 to as much as $26,826.00 per year.

Non-fungible tokens (NFTs) are tokens that represent the unique ownership of assets. This asset can be music, videos, games, pictures, arts, etc. NFTs are neither replaceable nor interchangeable. This affords NFT artists and creators a unique opportunity to monetize their intellectual property.

For More: Salesforce Introduces NFT Cloud Marketplace for Customers

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Users can easily find the ticket for the next major conference on Salesforce’s new NFT marketplace, launching to the general public in October 2021. However, unlike the famous market, OpenSea, you won’t find cartoon pictures of bored primates or pixelated 8-bit characters here.

Furthermore, Non-fungible tokens are records of ownership on the blockchain that have netted marketplaces like OpenSea significant trading volume. However, some say that the boom is over with the crypto exchange. But somehow, Coinbase recently launched its NFT marketplace to a tepid reception. 

Moreover, Veebits creator Gary Vaynerchuk believes that the crash happened naturally in accordance with other hyped products. However, we all know that the long-term future for NFTs still holds promise.

Heightened Security On Nft Cloud Marketplace

Salesforce hopes that its new marketplace will address issues from phishing attacks to insider trading plaguing marketplaces like OpenSea. Further, there will be a more secure environment to create and sell NFTs. 

Moreover, the customers of Salesforce are usually enterprises, and they can list their NFTs on their own website. The Salesforce will handle back-end security, the writing of smart contracts, and authentication. Also, the service will be available to a few customers in a testing phase. The service availability is followed by an official launch in October.

According to Caplan, customers using the NFT cloud marketplace seek engagement from NFT buyers rather than an appreciation of the value of the NFT.

To address employee concerns that the new marketplace would fly in the face of Salesforce’s sustainability goals, Caplan said that clients would use more environmentally-friendly blockchains and be able to buy carbon offsets. 

Just like the NFT marketplace, Rarible offers the option to mint (create new) NFTs on Tezos, an environmentally-friendly blockchain.

Regarding the proliferation of scams totaling over $1B since the beginning of 2021, Caplan said there would be an ability to pause assets and wallets suspected of being involved in fraud.

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Humanity is always growing and stepping out of the borders of this world into new realms. The Metaverse trend shows no signs of slowing down companies such as Facebook creating their own.

So, why are people interested in it? And are there any ways to make money in Metaverse?

How to Make Money in Metaverse?

The Metaverse employs what is known as play-to-earn (P2E), where users can accumulate wealth or assets for completing tasks within a Metaverse. Further, this varies with projects as some create a social hub where other more advanced Metaverse environments offer lucrative P2E incentives. 

People spend between four and five hours a day with leisure time. So why not have this leisure time earn you money? Why not make passive income from this? 

Metaverse is a P2E project that aims to provide a world of opportunity, fun, and profit-making. Profit-making consists of either earning their native cryptocurrency ($MTVT) or non-fungible tokens (NFTs) by completing tasks, missions & challenges within Metaverse. Although Metaverse is a high-quality product designed by experienced professionals, it offers far more than just the above. 

These are the few ways that you can earn an income in Metaverse while having fun:

• Mining

Mining in Metaverse is more straightforward than the real-world alternative, requiring only a house, a mining rig, and a small 5% revenue as an electricity fee. In addition, Metaverse adds incentive as each element is an NFT with value. 

• Land & Housing

You can buy homes in Metaverse that have value and utility. You can also purchase and obtain alternative land types with unique benefits. This includes industries producing electricity for miners (meaning you get some revenue) and transport services. Grocery stores supply unique NFT items to players that fuel a player. Land may also have a billboard that is rentable.

• Racing & Tasks

If you are more into racing and stuff, then you shouldn’t have this question in mind How to Make Money in Metaverse. Unlike traditional games, the cars you acquire will be unique and tradeable NFTs. A player could trade their way to their perfect vehicle or use the income to buy it. Variety exists with the cars as a player may either complete challenges and missions to earn prizes (including money) or aim to win the monthly championship racing tournament. Missions also consist of gun-related challenges for those who do not want to race.

The post How to Make Money in Metaverse? Passive Income Ideas! appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

But, monetization for gamers in the form of cryptocurrency and non-fungible tokens (NFTs) is one of the most exciting gaming developments recently. 

Since play-to-earn (P2E) games usually have crypto and NFTs as integral parts of their system, the game earnings are usable to buy new characters, weapons, and even real estate in the gaming world. Further, selling or trading all of these assets could be a real possibility, further enhancing the excitement factor. 

The following 4 projects should be on the list of gaming and crypto enthusiasts in 2022. 

1- Top of the NFT Games: Reign of Terror 

Reign of Terror is a P2E blockchain game on Solana developed by Red Door Digital. It is primarily based on cyberpunk lore. The game will intertwine DeFi staking mechanics and NFTs throughout the world with crafting mechanics, land purchase, and more.

2- Project Hive

Project Hive is a third-person shooter game, and players will take the role of a survivor stranded in the destroyed mining facility Hive, with nine playable levels.

In-game items will all be NFTs which will allow trading without limits. Players will receive HGT and SOL tokens for various activities such as territory wars, PVP, and PVE battles, as well as for creating and joining clans. The demo is all set for Q2 of 2022. 

3- Breach

Breach represents a unique game platform where the social medium is gamified, and online avatars become gaming Metaverse avatars. Breach is essentially a game, metaverse, content hub, social media site, and gaming platform.

Interestingly, the game platform will host third-party on-chain games on their multiverse, allowing players to own each asset they mint or earn.

The launch of this promising project will take place in June 2022. It will take place the launch of its native game in September. Further, the browser extensions were also announced. It will serve matchmaking purposes to ensure faster and smoother matchmaking.

4- Neon District 

Neon District represents a role-playing game (RPG) with a goal to collect characters and in-game items in a dystopian world with a strong cyberpunk thematic.

The game will use Ethereum and Matic blockchain technology, offering ways to store and trade NFTs. Read more details about the game here.

Conclusion

In summary, the projects mentioned above should probably command the attention of crypto and gaming enthusiasts.

If the projects take off, it will represent another breakthrough in blockchain gaming which will provide another door for gamers to experience the proliferating metaverse.

Read More: Is it possible to reverse the Fractional NFTs?

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Ren is an internet celebrity who has long advocated for mental wellness, women empowerment, and the environment. Her previous involvement with Web3 has already been well-entangled with these topics.

As per Forbes, Ren co-created the tech platform STAGE, where she hosts the female community We Are Warriors (WAW); this platform is mainly focusing on “online fitness & mental wellbeing.” The platform offers courses and events mostly related to at-home workouts.

Similarly, the NFT project Sirens, built on Solana, takes this idea to a bigger scale. This time, Ren aims for NFTs with eco-friendly, real-life use cases.

Members of Sirens NFTs Community

The members of the NFT community will have access to the NFT gated STAGE platform and “have access to a private calendar of events with monthly yoga classes, breathwork classes, meditations and other healing modalities.”

The community will also give access to “crypto 101 courses. These courses are demystify and break down the space through tutorials, videos, and training on the fundamentals of web3 technology.”

Sirens also aim to build an eco-friendly village for all members.

Eco-friendly and NFTs are not two topics that go along so well nowadays. Especially among environmentalists. However, the Sirens team wants to build a wellness retreat in Texas with 100% sustainable homes for the community. They will be building the local materials and built with the focus of being off the grid.”

This interesting approach shows how NFT creators are waking up to the need for real-life cases. This is where holders can justify the purchase of a non-fungible token with an exclusive experience.

NFTs, or a least a market sector, could be evolving into a sort of membership pass. Maybe the titanic idea we now have of the metaverse could reshape itself, trying to find balance with real-life experiences.

NFTs And Women-Empowerment Check

The money minted by the Sirens NFTs is supposed to get invested into businesses. It will be given to the community members. Then, the leaders claim they will guide the members by providing resources to help them “make businesses successful in addition to just a money investment.”

This all seems innovative and even exciting. One can only hope that female-led projects find a way to disrupt the current male-led dominant models. It opens doors for more women to dream big, support each other in business projects, and succeed. That sounds great, but there are a couple of things about Sirens that do not meet my personal expectations.

When looking into the, We Are Warriors offered courses and the Sirens NFTs I could not help but notice that this does not seem to be that kind of ‘love-yourself/wellness’ community. This is the kind of community where you will find any trace of the body-positivity movement that public figures like Lizzo lead.

Read More: Key Advantages of Holding the Fractional NFT?

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As per the PR that is detailing the multi-year partnership, Candy Digital will serve as the exclusive NFT marketplace developer for the company. This company currently harbors more than 465 million images. These images include over 135 million analog images from Getty Images’ photographic archive.

Getty Images is one of the pioneers of cultural representations and creative ingenuity through photography and other audio-visual content.

However, the partnership, photography and NFT collectors will be able to purchase, sell and trade official digital collectibles seamlessly. It will be through the Getty Images marketplace on Candy.

CEO of Getty Images Craig Peters also said that “With the very best content at our core, innovation is woven into the fabric of Getty Images. This partnership speaks to our mission to connect people with our high quality, exclusive visual content,” 

“We are proud to work with Candy Digital to expand our offering to the fast-growing global audience of NFT collectors, representing significant opportunities for the company and our global photographer community,” he added.

What do Will Getty Images and Candy Digital Will do?

According to Candy Digital’s official website, the company is Major League Baseball’s official NFT ecosystem. This is where fans and collectors will be able to purchase, trade, and share officially licensed NFTs. 

Moreover, Getty Images will be the latest multinational brand that will be with the NFT world. This brand will be the one after the music platform Spotify. Also, Spotify will begin trialing NFTs for selected users in the summer.

Additionally, Instagram has also shown a unique interest in digital collectibles. They will be providing one form of support for the offshoot of blockchain technology.

Overall, NFTs are projected as one of the foundational innovations. It will drive the next set of a billion users into the blockchain and Web3.0 ecosystem.

Read More: Twitter NFT Scammers That Are Looting People With the Fake Followers and Ads

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As per the reports by Herox, the NASA MarsXR Challenge is doing all the hard work out of their commitment for the developers. These developers want to help create experiences in the Martian metaverse using virtual reality (XR).

Further, Developers must create new resources and scenarios. The resources are an investment in the new Mars XR Operations Support System (XOSS). Further, this new environment uses Epic Games’ Unreal Engine 5.

The information about Mars already published by NASA covers the entire Martian day. They contain orange shades of day and blue night. Moreover, these weather conditions also contain 400 km2 of realistic and detailed terrain on a distant planet.

NASA challenge: Prize Pool

The Martian Metaverse Creation Challenge has a prize pool of $70,000. It is divided into twenty individual distinctions.

Moreover, there are four prizes in each of the five categories. In these categories, creators can create specific scenarios. Also, the winner of the category will receive $6,000.

Mars Metaverse

According to the competition schedule, the deadline for submitting applications expires on July 26. The winner will be after a two-month evaluation period on September 27, 2022.

At the time of writing, 25 teams and 266 innovators have signed up to participate in the challenge.

Epic Games has already become famous for its revolutionary programming engine Unreal Engine 5. It was in such hits as Fortnite or the latest part of the critically acclaimed Kingdom Hearts IV.

Unreal Engine 5 has also recently got support from major investments. A billion dollars was invested in it by SONY. On the other hand, billion dollars by Kiribi – the company that owns LEGO.

NASA is no stranger to incredibly interesting challenges.

Read More: Sandbox Projects 2022: Standard Chartered Enters The Sandbox Metaverse

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