This Week in the Metaverse: Researchers take steps toward creating a ‘smellaverse’


Welcome to This Week in the Metaverse, where luck rounding up the most interesting news in the world of NFTs, culture, and the metaverse. Email marco.quiroz-gutierrez@fortune.com with tips.

Ever wondered what the metaverse smells like? Chinese researchers may have the answer, according to a new journal paper Communication in Nature. Researchers are testing a wearable device that attaches to a person’s upper lip and heats scented wax in seconds to create scents for people in virtual reality, as reported in The Everyday Beast.

They now have 30 different scents, including pineapple, rosemary, mint, watermelon, vanilla, coffee, ginger, strawberry, and lavender.

In an example video, researchers use the device to mimic the smell of flowers.

It’s unclear what practical uses the technology will have—especially since technology adoption has been slow and the de facto leader in the space, Meta, is shifting priorities—but the research brings new meaning to one’s immersion. VR-based metaverse world.

Spotlight on NFTs

Despite the slowdown in NFT sales last year and the collapse of FTX, the NFT market continues to grow, according to data from DappRadar.

The number of daily unique active wallets associated with the chain of dapps has increased by 50% since 2021, and the average in 2022 will be 2.37 million daily unique actives. purse The NFT and dapps markets are also going strong, growing by 18% in the last 12 months.

In other news

Elon Musk tweeted a meme featuring the NFT project Milady and it’s quick increased to 60%. The NFT project is controversial because of the statements made by its founders. Musk used to be the cause of memecoin Dogecoin to increase the value of his tweets.

Turbothe memecoin created by the digital artist Rhett People almost all have AI chatbot GPT-4jumped into the top 300 cryptocurrencies of CoinGecko on Wednesday before withdrawing. The cryptocurrency was the 414th largest on Friday, with a market cap of $50 million. The public still owns 10% of the 69 billion tokens.

The meme cryptocurrency Turbo was created by Rhett Mankind with the help of AI chatbot GPT-4.

Courtesy of Rhett Mankind

Binance said it would increase support for ordinalsor Bitcoin NFTs, this week as new technology pushes transactions on the network to all-time-highs. Binance also says it will allow its users to buy Bitcoin NFTs directly from their Binance accounts. Changes should be implemented at the end of May, the company said.





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