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Touch and smell comes to the metaverse

Touch and smell comes to the metaverse

Read about how the metaverse may merge touch and smell in this week’s email. Check out how Moonbirds, a nonfungible token (NFT) initiative, intends to become a global brand, as well as how NFT marketplace Magic Eden promises to repay users affected by a recent exploit. In other news, discover out how NFT image hosting troubles can be handled, according to NFT executives. Don’t forget about this week’s Nifty News, which includes a warning to gamers about a bogus Pokemon NFT game that spreads malware.

Touch and smell become the next big thing for the metaverse at CES 2023

The development of a more human experience is one of the catalysts for the metaverse to generate $5 trillion in value by 2030. With the addition of the sensations of smell and touch to virtual reality (VR) experiences at the Consumer Electronics Show (CES) 2023, the metaverse is intended to provide users with more favourable experiences.

A metaverse-focused company demonstrated a VR headset with an aroma cartridge featuring eight different fragrances. The aromas can be combined to create a variety of smells. The VR headgear will be available later this year.

Bluechip NFT project Moonbirds signs with Hollywood talent agents UTA

Proof, the company that created the Moonbirds NFT project, has signed a contract with United Talent Agency (UTA), a Hollywood talent agency that represents many musicians and other professionals.

The purpose of this move, according to Proof founder Kevin Rose, is to take the Moonbirds brand to a “global” size, rather than merely a prominent name inside Web3. Rose emphasised that UTA has a lot of manpower and contacts in numerous areas that might help Moonbirds become a global brand.

Magic Eden to refund users after fake NFTs sold due to exploit

Because to a recent exploit on the NFT marketplace Magic Eden, the platform has offered to compensate users who were sold counterfeit NFTs on the website. According to the company, a fault in its activity indexer allowed phoney NFTs to avoid verification and be included among legitimate ones.

The platform stated that it had rectified the issue of unverified NFTs being displayed as validated by blocking the access points for the fraudulent NFTs. The NFT marketplace also committed to reimburse those who were impacted by the exploit.

Industry seeks solutions for NFT image-hosting disasters

With recent image-hosting events in the Web3 sector, Cointelegraph reached out to various industry leaders that worked in the NFT space for insight on potential remedies.

From relying on stable blockchains to investigating the storage technology available in Web3, executives in the NFT field shared their insights with how NFT projects might avoid problems with NFT picture hosting.

Nifty News: Fake Pokémon NFT game spreads malware, ‘Jai Ho’ singer to launch metaverse and more

Hackers developed a fake Pokémon-like NFT game to disseminate malware aimed at gamers. The website provides an NFT marketplace as well as a mechanism to stake NFTs. According to cybersecurity specialists, the site is a phishing site. Meanwhile, market aggregator Cryptoslam data shows that seven days into the new year, NFT sales increased by 26%, indicating some favourable trends at the start of the year.

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