Adidas NFT Originals Unveils Its Collection of Virtual NFT Wearables

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Sportswear giant Adidas has unveiled a limited collection of virtual NFT wearables. The move marks the first such product from the company, which defines wearable devices as “Virtual Gear”. According to a press release, the product will help Adidas solidify its “open, community-driven, member-centric metaverse.”

The virtual gear consists of a 16-piece collection and represents a creative and cultural milestone for the Adidas NFT. The company states that NFTs “link past and future, virtual and physical, communities and creators, culture and identity.”

What are NFT’s

NFTs are Non-Fungible Tokens. Essentially, NFTs are digital representations of unique and indivisible things – both digital and physical. They can be used to represent digital collectables, artwork and music.

An NFT is only a signature showing ownership of the art or song and pointing to where the item actually exists, such as a location on the internet.

It may be useful to contrast this with cryptocurrencies such as Bitcoin that are fungible. For Bitcoin to function as a currency, it has to be fungible. In other words, all Bitcoin are equal and mutually interchangeable. You can’t have a unique Bitcoin. 

NFTs on the other hand, are used to represent unique assets. Unlike banknotes or Bitcoin, no two NFTs are alike. They are unique and the information that identifies them, shows previous owners and can program rights around how they are used  is defined in a smart contract

One way to think about NFTs is that they are file format for blockchains. Just like file formats such as jpeg, gifs, or mp3 are used to transfer information (or data) over the internet, NFTs are used to transfer ownership information over blockchains such as Ethereum. 

NFTs have various use cases including list below and so much more See unstoppable Domain for the next elevation of NFTdomains https://unstoppabledomains.com/ and check out the youtube channel

Art

Trading Cards

Gaming

Certificates of Authenticity 

Login Credentials

Domain Names

Content

Music

Financial products

Event Tickets

Carbon Credits

This page and information will evolve and change over time #TOGRP

WTF – Coachella NFTs Sold for $1.5M—Now They’re Stuck on FTX

FTX customers around the world have assets frozen on the cryptocurrency exchange after its sudden collapse last week, apparently to the tune of billions of dollars’ worth in total. And it’s not just cryptocurrency or DeFi tokens either—some users have NFTs stuck in FTX, too. Discord servers tied to projects that launched via the FTX NFTs platform over the last year are now filling up with complaints from users who cannot withdraw their Solana-based assets from the FTX account wallet. Links to many of the projects launched through the FTX NFTs marketplace are likewise now broken. FTX announced on Friday that it had filed for Chapter 11 bankruptcy protection. #Web3GrandPappa #ZentaNews

Isles of Meta – Your Island MetaVerse

A metaverse for the gamer, the creator, and everything in between islesofmeta.com

https://www.islesofmeta.com/

A metaverse built on Unreal Engine 5 from day 1, and is attempting to push the limits of what people are able to do in the virtual world. Whether you want to own your own island that you are able to fully build up yourself with provided tools, materials, and assets at no charge, bring in your own assets and NFT to build your land up, have a single residential home to display your NFT collection, or simply wander around to the various communities and see what is going on in the Web3 space… the possibilities are almost limitless!

We welcome people to push the boundaries (provided it is legal in the United States and local agencies if required) and ask that the community monitors if certain areas need to be assessed for content to ensure appropriate age groups do not wander into certain areas.

Our metaverse is continually evolving based on the needs, wants, and requests that our community asks for. The goal is to create a world that is unmatched in usability, utility, enjoyment, and able to create entrepreneurship.

And so very much More https://www.islesofmeta.com/official-links

Follow Link for full story

https://www.islesofmeta.com/about-isles

All Social Links https://www.islesofmeta.com/official-links

Ticketmaster Chooses Dapper Labs’ Flow Blockchain for NFT Tickets

Event ticketing behemoth Ticketmaster announced today that it will adopt the Flow blockchain from Dapper Labs for minting tickets as NFTs for select events. The NFTs—unique blockchain tokens that signify ownership—will function primarily as collectible digital memorabilia, but also as a shareable “proof of attendance.” Over the past six months, Dapper Labs and Ticketmaster quietly launched an NFT pilot program. In it, Ticketmaster automatically issued ticket NFTs as memorabilia to attendees of specific events like the Super Bowl LVI this year. In the pilot program, more than five million Flow NFTs were minted in a six month period, according to Dapper.#togrp7 #mimeXmime #Web3GrandPappa

Russian Accused of Laundering Cryptocurrency From Ransomware Attacks Extradited to US

A Russian national suspected of laundering ransomware payments in cryptocurrency on behalf of cybercriminals targeting hospitals has been extradited to the U.S. by the Netherlands. The man was allegedly involved in the criminal activity for a period of three years before his arrest in Amsterdam last November.

Denis Dubnikov, a 29-year-old Russian citizen, has been extradited this week from the Netherlands to the United States, where he is to face charges of money laundering in the District of Oregon, the U.S. Attorney’s Office in Portland and the U.S. Department of Justice (DOJ) announced. Dubnikov made his initial appearance in federal court on Wednesday and a five-day jury trial has been scheduled to begin on Oct. 4. In August, a federal grand jury in Portland charged him for his role in an international crypto money laundering conspiracy.#mimeXmime #Web3GrandPappa

FTX US Spread False or Misleading Statements About FDIC-insured Products, Regulator Says On August 19, The Federal Deposit Insurance Corporation (FDIC) issued various cease and desist letters to five cryptocurrency companies including FTX US, owned by the crypto billionaire Sam Bankman-Fried, along with news outlets Cryptonews.com, Cryptosec.info, SmartAsset.com, and the site FDICCrypto.com. #Web3GrandPappa

The FDIC asked the aforementioned companies to cease making “false or misleading statements” regarding their relationship with the FDIC. According to the FDIC, FTX US and the other companies said that certain cryptocurrency-related products or services they offered were FDIC-insured. One such company even deceptively registered a domain where it “suggests affiliation with or endorsement by the FDIC,” an activity that is totally prohibited by The Federal Deposit Insurance Act (FDI Act).#Web3GrandPappa #mimeXmime

MTV introduces the ‘Best Metaverse Performance’ award category #Web3GrandPappa

The 2022 MTV Video Music Awards (VMAs) added a new category to its list of competition categories. This year, artists are eligible to compete under the category of “Best Metaverse Performance” for a coveted award. Initially, the award show began in 1984 as an esteemed recognition for music video prowess. Major music artists, including Madonna, Nirvana and Kanye West, are among previous VMA recipients.

Typical award categories include, “Video of the Year,” “Artist of the Year” and “Song of the Year,” though this year, there is a Web3 twist. The VMAs took into account performances in the Metaverse and created a brand new award category. In its inaugural year, six artists are up for nomination. This includes “the Rift Tour,” featuring Ariana Grande (Fortnite), Blackpink’s “The Virtual” (PUBG Mobile), BTS (YouTube), Charli XCX (Roblox), “Justin Bieber — An Interactive Virtual Experience”.#Web3GrandPappa #mimeXmime #Web3Marketing

Snoop Dogg’s son joins the NFT project “Clay Mates.”

Famous rapper and a huge NFT enthusiast, Snoop Dogg’s son Champ Medici is officially joining the Cardano NFT project called Clay Mates. Medici is one of the few public figures who support Cardano and will help build strategic partnerships and expand its audience’s reach for the project. #Web3GrandPappa #mimeXmime #Web3Marketing

Whitepay Introduces Crypto Payments to Ukraine’s Tech Stores #web3grandpappy

Ukrainians will be able to purchase electronics and other products with digital coins thanks to a service provided by Whitepay. The payment processor, established by the Ukrainian-born digital asset exchange Whitebit, has recently implemented crypto payments in the country’s largest tech stores.#Web3GrandPappa #togrp7 #mimeXmime