Plans for Meta to “power through” the Metaverse: Nifty Newsletter, November 30-December. 6



By Awais Rasheed // in NFT


Even though the Metaverse will cost billions of dollars, Mark Zuckerberg, CEO of Meta, emphasised that the firm is optimistic about it. Read about how the term “metaverse” came in second place in this week’s email in Oxford’s Word of the Year. 

See how Magic Eden, a nonfungible token (NFT) marketplace, revealed a way to enforce royalties and how Meta is moving through with its metaverse plans despite reservations. 

Find out how NFT minting is being included in the Opera Crypto Browser in other news. 

Remember this week’s Nifty News, which includes a new record high for Reddit avatar mining.

As Oxford’s Word Of The Year, Metaverse Comes In Second Place

In 2022, “goblin mode,” defined as “a form of conduct which is unabashedly self-indulgent, indolent, slovenly, or greedy,” replaced the phrase describing an internet-enabled virtual environment.

As a result of the voting process being made public for the first time, “metaverse” lost to “goblin mode” as the Oxford University Press’ word of the year for 2022.

Oxford Languages declared the term “goblin mode” their 2022 word of the year on December 4 after it defeated the phrases “metaverse” and “#IStandWith.” 

As a result of Facebook’s rebranding to Meta in October 2021, usage of the phrase “metaverse” “rose almost fourfold over the previous year in the Oxford Corpus,” according to Oxford’s analysis.

Goblin mode, which gained popularity in February after COVID-19 lockdowns were mostly lifted, defeated Metaverse because it ” reflected the prevailing spirit of those who rejected the thought of returning to “regular life”.

Zuckerberg Says That Meta Is Pressing Ahead With Its Ambitions For “Metaverse”

Even though the corporation is spending billions of dollars on the project, Mark Zuckerberg, the CEO of Meta, is still optimistic about it. In an interview at the DealBook Summit, the CEO of Meta underlined that things would appear different in 10 years than they do in the next few years.

According to Zuckerberg, communication in 2030 will be very different from communication now. The CEO of Meta emphasised that “someone needs to develop” and put money into it.

Magic Eden Follows OpenSea, With NFT Royalty Enforcement Tool 

The NFT marketplace Magic Eden, situated in Solana, has declared that it will let authors impose royalties on their collections. This comes after OpenSea announced the existence of a comparable tool back in November.

At a Solana conference, Magic Eden CEO Jack Lu earlier proposed the concept of enforcing royalties, emphasising the necessity for authors to have a more reliable source of income.

Launchpad Will Support Immediate NFT Minting Using The Opera Crypto Browser

By integrating with the Alteon LaunchPad, Opera Crypto Browser has delved into NFTs in the meantime. Thanks to a new tool, anyone can mint NFTs using the browser’s drag-and-drop interface.

According to Opera CEO Susie Batt, this connection enables users to discover and participate in the Web3 ecosystem. To encourage the free exploration of NFTs, the tool will also not charge platform usage fees.


About the author, Awais Rasheed

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