In this week’s newsletter, read about how non-fungible token (NFT) holders took legal action against an art gallery that promised them a metaverse. Check out how gaming is a playground for developers to test new technologies like NFTs, and in other news, find out how a game that uses NFTs as in-game assets ranked at the top of the charts at the Epic Games store.
NFT holders sue art gallery, alleging it broke metaverse promise
A group of NFT holders sued the Eden Gallery, alleging that it had failed to follow through on its promise of a metaverse-based private club for holders. The collection, called Meta Eagle Club, collected about $13 million for 12,000 NFTs.
The group alleges that no substantial efforts were made to build the Meta Eagle Club, even though the team’s updates claimed to be working on it. The lawsuit also alleges that the people building the project had no experience with blockchain development.
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Gaming serves as a sandbox to explore tech avenues — Mysten Labs exec
Mysten Labs chief information security officer Christian Thompson spoke with Cointelegraph at the Future Blockchain Summit in Dubai about gaming and how it allows developers to explore technologies. According to Thompson, gaming is like a playground for technologists to explore Web3 techs like artificial intelligence and NFTs.
The executive said that gaming allows them to explore new avenues of technology in the way that a sandbox facilitates development.
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“Off The Grid” exposes mainstream audiences to blockchain gaming
Web3 game Off The Grid, a third-person shooter, ranked on top of the free-to-play games chart at the Epic Games online store after it drew significant attention on Twitch. The game’s Web3 features are built on an Avalanche subnet called GUNZ. This allows players to mint NFTs and use them as in-game items.
Having NFTs as in-game assets will enable players to trade in secondary markets and maintain control over their items inside the game.
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