PayPal is applying for a patent for the NFT marketplace, and Meta avatars are impressing: Ni Cryptocurrency scrgruppen

In this week’s newsletter, read about how a non-fungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new real-life Metaverse avatars, and in other news, learn why Neal Stephenson’s Metaverse blockchain project remains bullish despite waning interest.

NFT artist raises $140,000 for cancer support charity

NFT artist Trevor Jones has donated nearly US$140,000 to Maggie’s Edinburgh – an organization dedicated to cancer treatment – ​​after raising funds from a Web3 event in France. The amount raised from this event will help 4,000 cancer patients and those in need of critical support.

According to Maggie’s Edinburgh, the money raised by Jones will be the highest single donation from an arts event in the organization’s history. Funds raised will support services for cancer patients and their families.

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PayPal is applying for an NFT marketplace patent to trade assets on-chain or off-chain

Payment platform PayPal has filed a patent application for an NFT purchasing and transfer system. The patent application was filed with the U.S. Patent and Trademark Office in March, and was made available to the public in September.

The patent described a system that allows users to buy and sell NFTs through a service provider. Although the provider was not mentioned, the document mentioned Ethereum, suggesting that it may be based in the network.

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The Metaverse is Real: Zuck’s ‘Amazing’ Photorealistic Technology Wows Crypto Twitter

As critics continue to declare the death of the Metaverse, Meta CEO Mark Zuckerberg laid out the company’s developments in the space in a podcast using real-life avatars in the Metaverse.

Using Meta’s Quest 3 headphones and noise-cancelling headphones, Zuckerberg and podcast host Lex Friedman participated in an hour-long interview using metaverse avatars. The improvements caught the attention of Crypto Twitter, with some comparing previous iterations of Zuckerberg’s metaverse to the current one, saying “the metaverse has been upgraded.”

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Neal Stephenson’s blockchain project is having a discovery month as Metaverse hype subsides

The Metaverse blockchain project Lamina1 is holding an event called Open Metaverse Discovery Month to allow creators and creators to experience the Metaverse. The company believes that despite declining interest in the metaverse, the concept will survive as long as people are willing to spend time and money on it.

According to Rebecca Parkin, CEO of Lamina1, the project was able to attract 50,000 creators despite the crypto winter and people writing in praise of the metaverse. The CEO remains optimistic that its founder, Neil Stephenson’s, vision for the metaverse will challenge corporate greed and give more autonomy to creators.

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Check out Cointelegraph NFT Steez Podcast

Thank you for reading this summary of the week’s most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively evolving space.

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