Dorothy Reyes
Walmart NFTs were used by UNICEF Giga to collect money to provide schools in impoverished nations with internet access.
Learn how UNICEF uses non-replaceable tokens (NFTs) to assist schools in connecting to the internet and how post offices can promote the philatelic sector with NFTs in this week’s newsletter. Check out how an NFT game project enables a variety of game elements to be altered and sold as NFT packages. On the other hand, Yat Siu, a co-founder of Animoca Brands, discussed Asia’s opinion of NFT in a conversation with Cointelegraph. Remember to read this week’s Nifty News as well, which discusses Walmart’s entrance into the Metaverse.
Giga NFTs will be used by UNICEF to connect schools in impoverished nations to the internet
Using NFTs as a means of raising money, the humanitarian organization UNICEF is able to further its goal of giving schools in underdeveloped areas of the world access to the internet. The Giga effort seeks to assist 49 countries’ 1.1 million schools.
According to Giga blockchain product manager Gerben Kijne, who spoke with Cointelegraph at the Blockchain Expo in Amsterdam, NFT fundraising campaigns draw in both first-time NFT buyers and NFT collectors who want to purchase NFTs since they are produced by UNICEF.
NFT adoption by post offices results in a resurgence in philately.
The philatelic sector, which is centered on the study of postage stamps, was launched by European post offices as a result of the NFT’s popularity. Responsibility is assumed by Sacha Van Hoorn, product manager for PostNL, and Patricia Liebermann, Head of PostAG Philately.
At the Blockchain Expo in Amsterdam, Liebermann told Cointelegraph that they paired NFTs with actual stamps and had a ton of positive reaction. Liebermann claims that in 2019 they began investigating NFT postal stamps and found that there was a market interested in this new way of collecting.
NFTs, according to Blokhaus founder, raise the bar for in-game ownership.
For NFTs, gaming is a particularly common application. The Web3 space has been completely occupied with NFT game developments. Nevertheless, one initiative aims to outperform the opposition by making all of its gaming NFTs customisable.
Crypto news spoke with CEO Mark Soares about his projects’ efforts to appeal to gamers. The management claims that this gives them the freedom to develop their own characters for their own scenes, which they can then market as NFT packs to other gamers.
Yat Siu: Asian gamers have a great chance because they don’t despise NFTs.
At Asian Crypto Week, Yat Siu, co-founder of Animoca Brands, spoke with Cointelegraph and argued that there are numerous potential for GameFi projects in the Asian sector. The CEO emphasized that Asia, compared to other areas, is particularly accommodating to NFTs and has the potential to dominate the blockchain market.
Siu stated that consumer aversion to NFTs is a common issue for western gaming businesses. The manager clarified that this is not the situation in Asia and discussed how different views of capitalism exist among Asians.
Nifty News: @NFT founder hacked, Walmart enters Metaverse, and more
Walmart, a major retailer, has entered the Metaverse by introducing Walmart Land and Walmart’s Gaming Universe in the Roblox video game. The proprietor of the delisted promoter @NFT, meanwhile, claimed that an exploit cost him $1 million in ETH and NFTs.