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Famend watch firm Casio has entered the metaverse by introducing the Digital G-Shock challenge. The interactive consumer neighborhood connects followers of the G-Shock shock-resistant watches, which have been established in 1983 and have bought over 100 million models.
The initiative contains 15,000 G-Shock Creator Cross NFTs, granting entry to co-creative initiatives and occasions inside the digital area. With the brand new challenge, Casio commits to increasing its world consumer base by means of revolutionary applied sciences and collaborative experiences. The Polygon-based NFTs are dropping on September 23.
One of many thrilling co-creative initiatives contains the G-Shock Creator Cross Shade Design Contest, permitting neighborhood members to find out the go’ design by means of voting. Such an method goals to redefine how G-Shock fans interact with the model, utilizing NFTs and the metaverse as catalysts for recent experiences.
The challenge’s preliminary launch on Discord marks only the start of Casio’s enterprise into digital experiences for G-Shock customers. With a world distribution plan spanning a number of nations, Casio goals to unite followers throughout the globe on this thrilling digital frontier.
Properly-Identified Manufacturers Launch Tasks on Polygon
Final week, LimeWire, a music NFT market, launched its AI Creator Studio on the Polygon blockchain. Previously identified for peer-to-peer file sharing, LimeWire has remodeled right into a music-focused NFT market. The AI Studio, constructed on Polygon’s Proof-of-Stake community for its velocity and effectivity, goals to democratize entry to AI instruments, together with picture creation, video manufacturing, and music tracks.
Furthermore, Sports activities Illustrated’s fan ticketing platform, SI Tickets, launched “Field Workplace by SI Tickets,” a self-service occasion administration and first ticketing resolution powered by Polygon.
Final 12 months, Starbucks partnered with Polygon to launch “Odyssey,” a web3 challenge introducing an NFT rewards program. This loyalty program is the primary to combine NFT know-how, using Polygon’s PoS community for cost-effective and speedy transactions. Pepsi additionally launched an NFT assortment named “Pepsi Black Zero Sugar,” which includes 20 digital collectibles, they usually have been minted on the Polygon blockchain.
NFT Market Awaits Restoration
In early 2023, NFT gross sales confirmed indicators of restoration, reaching almost $2 billion in February. Buying and selling volumes in Q1 2023 surged 137% from the earlier quarter. Nevertheless, March noticed a dip in buying and selling volumes and gross sales, presumably influenced by Bitcoin’s stagnant value. Regardless of April’s sluggishness, the general outlook for 2023 seems cautiously optimistic, with Ethereum and Polygon gaining prominence within the NFT area whereas the broader crypto market continues to impression NFT efficiency.
Based on information by CoinGecko, Polygon’s market skilled a fall from 4.1% in February 2023 to 1% in June 2023. The decline was mirrored in its NFT buying and selling quantity, which plummeted considerably from $11 million in Q1 2023 to simply $4 million in Q2 2023, marking a considerable 60.5% lower.
In February, Polygon achieved buying and selling quantity of $80 million. Nevertheless, this constructive development took a downturn in March 2023, hitting an annual low with a market share of solely 0.09%, with a lower in buying and selling quantity to $20 billion. In April, Polygon NFTs had a buying and selling quantity of $20.8 million, adopted by $12.6 million in Could and $10.3 million in June.
Whereas Polygon noticed a slight resurgence in April 2023, capturing 1.8% of the market, the platform’s trajectory has since been on a downward slope. This decline could be attributed, partly, to the diminishing pleasure following y00ts’ migration, a sister challenge of DeGods, from Solana to Polygon in late March 2023. y00ts has grow to be one in all Polygon’s high 10 traded NFT collections in all-time gross sales quantity.
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