Welcome to the latest edition of Cointelegraph’s Nifty Newsletter. Stay updated with the latest news and trends in the world of nonfungible tokens (NFTs). Every Wednesday, our newsletter provides you with information and inspiration to delve deeper into the world of NFTs.
In this week’s newsletter, we explore how NASA utilizes virtual reality (VR) technology and the metaverse to train its astronauts. Discover the reasons behind the decline in the floor price of Bored Ape Yacht Club (BAYC) NFTs. Additionally, we bring you exclusive updates from Paris Blockchain Week, including Ubisoft’s plans for blockchain gaming.
NASA’s Innovative Approach to Astronaut Training in the Metaverse
While many of us spend our time in the metaverse trading assets or immersing ourselves in virtual reality as legless avatars, astronauts from NASA and SpaceX are utilizing the metaverse to prepare for life on a lunar space station that is still in the development phase.
NASA’s vision involves the establishment of a space station called “Gateway,” which will serve as the home for the first humans in deep space. Through the use of virtual reality and the metaverse, astronauts are acquiring the necessary skills to operate the future lunar space station.
Ubisoft Unveils Exciting Blockchain Game at Paris Blockchain Week
Ubisoft, a renowned AAA game studio, is inching closer to the release of its first blockchain-based game. During Paris Blockchain Week, Ubisoft unveiled the first gameplay trailer for Champions Tactics Grimoria, offering Cointelegraph an exclusive opportunity to experience the game.
Champions Tactics Grimoria is a tactical player-vs-player role-playing game that allows players to create blockchain-based figurines with unique attributes. These figurines can then be combined into a team of three for engaging turn-based gameplay.
Bored Ape NFTs Experience Significant Price Decline
The floor price of Bored Ape Yacht Club (BAYC) NFTs has dropped by over 90% from its peak, reaching a low of 11.1 Ether (ETH) – the lowest point since August 2021. According to NFT Price Floor, BAYC is now approaching a floor price of less than 10 ETH, marking a 50% fall since March 1.
This decline in value is part of a broader trend in the digital art NFT market, which has experienced a decrease in popularity. However, it’s important to note that certain BAYC NFTs continue to sell well above their floor price, which is determined by the lowest-priced NFT in the collection.
VeChain and UFC Collaborate to Tokenize Gloves
VeChain, in partnership with the Ultimate Fighting Championship (UFC), has announced the tokenization of gloves worn by UFC fighters. These gloves will be tracked on the VeChainThor network, ensuring their authenticity.
The gloves will contain VeChain near-field communication chips, which record fight data and serve as proof of authenticity. After each fight, the athletes will donate or give away their gloves, turning them into valuable collectors’ items.
Thank you for reading this summary of the most noteworthy developments in the NFT space. Join us again next Wednesday for more reports and insights on this rapidly evolving industry.