Universal Music Group is bringing in Grammy-award-winning producers to create music for its virtual metaverse band, Kingship. The metaverse band, which is based on characters from the popular Bored Ape Yacht Club NFT collection, has tapped on veteran producers James Fauntleroy and Hit-Boy to help create music for Kingship. The
Starbucks is finally getting in on the Web3 frenzy. On Tuesday, the coffee retail chain announced its plans to incorporate an NFT-based reward program into its already successful “Starbucks Rewards” loyalty program. Known as Starbucks Odyssey, the new experience will allow customers to buy and earn NFTs that unlock immersive
Singapore-based financial service provider DBS is entering the metaverse following a partnership with The Sandbox. Dubbed “DBS Better World,” the interactive metaverse experience is focused on building a sustainable virtual community.” The banking giant acquired a 3×3 plot of LAND in The Sandbox to create its interactive user experience,
According to data released by DappRadar, interest in blockchain-based games is on the rise despite the ongoing crypto winter. The data acquisition and analysis company disclosed that companies in the Web3 gaming field have raised around $750 million along with other metaverse projects since the beginning of August. The August
A 30-year-old South Korean man has been sentenced to four years in prison for violating the ‘Act on the Protection of Children and Youth’ after he created and stored content that was sexually exploitative of youngsters whom he had lured onto the metaverse. According to local media sources, the man,
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The crypto space is replete with meme-themed projects, DeFi protocols, and thousands of coins competing against each other. While the influx of these projects is vital in the fight for global adoption, it is hard to differentiate legitimate projects from hit-and-run, and half-jokes. In a bid to drive worldwide adoption,
Following the passing of Queen Elizabeth II in the U.K. on Thursday, over 40 new Queen-related meme tokens, and hundreds of similar non-fungible tokens (NFTs) have been released into the crypto market. Since the news broke, new tokens have been launched on several decentralized exchanges on the Binance Smart
Metaverse
German sports brand Puma has rolled out an interactive metaverse project dubbed Black Station to display a collection of its limited-edition sneaker NFTs. The sneaker tokens in question are part of the firm's "Futrograde" collection, which will be on exhibition during the New York Fashion Week
“Bowie On The Blockchain,” a charity NFT project celebrating David Bowie's musical legacy, is set to launch on Sept 13. The project is being launched in conjunction with OpenSea, alongside Web3 outfit, We Love Arts. It will feature works from nine different artists who were all inspired by
On Wednesday, Swiss-regulated SEBA Bank announced the launch of a staking service for institutional clients. The development comes just days before the much-anticipated Ethereum Merge event, which will see the legacy blockchain move from a proof-of-work (PoW) to a proof-of-stake (PoS) consensus mechanism. According to the press release, the staking
As Ethereum inches closer to its long-awaited Merge event, the second-last upgrade has gone live, despite some early technical glitches that got observers nervous. Dubbed “Bellatrix,” this is the last upgrade that Ethereum’s Beacon Chain has to go through before it merges with the mainnet later this September. For
In what can be described as a first from the Japanese government, authorities have issued NFT awards to the winners of a nationwide digitization competition. According to a report from Japanese cryptocurrency & blockchain media platform, CoinPost, the so-called “digital certificates” of achievement were given to the local government authority
With four months left till the end of 2022, the number of crypto, NFT, and metaverse-related trademark applications for the year has already surpassed last year’s figure. According to data shared by trademark attorney Mike Kondoudis on Tuesday, as of August 31, 2022, more than 3,600 trademark applications
The Korean subsidiary of car manufacturer Renault has teamed up with The Sandbox to establish its brand presence in the metaverse and to offer Renault-based virtual automotive experiences to customers. According to a Monday announcement, the partnership will provide new ways for customers to experience the French automaker’s vehicles
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The recent crypto winter has threatened the anticipation of the Web3 and blockchain spaces going mainstream. The crash has prompted investors to reconsider the objective of digital currencies. However, their resilience is notable in their willingness to invest in tokens offering real-world utility and clear use cases. Inery Ecosystem One
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Cryptocurrencies are everywhere, with digital assets from DeFi to NFTs becoming increasingly popular over the past few years. The entire crypto space has become embedded in the fabric of society, with blockchain and distributed ledger technologies now powering entire industries and supply chains. Crypto is now much more than just