Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10

cointelegraph.com:

In this week’s newsletter, read about how the metaverse may integrate touch and smell. Check out how the nonfungible token (NFT) project Moonbirds plans to become a global brand and how NFT marketplace Magic Eden will refund users affected by a recent exploit. In other news, find out how NFT image hosting issues can be resolved, according to executives within the NFT space. And don’t forget this week’s Nifty News featuring a warning to gamers about a fake Pokemon NFT game spreading malware. 

One of the catalysts for the metaverse to generate $5 trillion in value in 2030 is the development of a more human experience. With the senses of smell and touch added to virtual reality (VR) experiences at the Consumer Electronics Show (CES) 2023, the metaverse is set to deliver more positive experiences to users.

A metaverse-focused firm showcased a VR headset that features a cartridge containing eight different aromas. The aromas can be mixed to generate various scents. The VR headset is scheduled for release later this year.

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Proof, the firm that built the Moonbirds NFT project, inked a representation deal with United Talent Agency (UTA), a Hollywood talent agency representing various artists and other professionals.

According to Proof founder Kevin Rose, the goal for this move is to push the Moonbirds brand to a “global” scale and not just a big name within Web3. Rose highlighted that UTA has a lot of manpower and connections within various sectors and could transform Moonbirds into a global brand.

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Due to a recent exploit on the NFT marketplace Magic Eden, the platform has promised to refund users who were sold fake NFTs on the website. According to the firm, a bug within its activity indexer