Authorities in Seongnam, the 12th most populous city in South Korea, are planning to recreate the city in the metaverse. According to local media reports, the city is also looking to issue NFT citizenships that will grant access to policy status information. The metaverse initiated is expected to start around
With Ethereum’s much-awaited Merge event finally happening today, the network’s last proof-of-work (PoW) block has been turned into an NFT by a VanityBlocks NFT. It was minted for 31.5 ETH before the Merge and was subsequently succeeded by the first NFT in the post-merge proof-of-stake (PoS) chain,
Months after selling over 50,000 NFTs tied to its Otherside metaverse, Yuga Labs is allegedly coming back for more. Word on the rumor mill has it that the company is gearing up for another NFT collection called “Mecha Apes.” According to a leaked document reportedly seen by Protos, the
Today, "Blankos Block Party" made its debut on the Epic Games Store, making it the first Web3 project to be launched on the gaming marketplace. The NFT-based online creation game is inspired by designer/vinyl toy culture, allowing users to play and collaborate in a colorful virtual world.
Months after opening a virtual lounge in Decentraland, JP Morgan is looking to dive deeper into the Web3 space. According to a job offer posted on LinkedIn, the Wall Street bank is looking to onboard experts in the crypto and metaverse sectors to increase its presence in the space. JP
On Tuesday, the popular NFT project Doodles announced a $54 million raise at a valuation of $704 million. The funding round was led by Reddit co-founder and NFT enthusiast Alexis Ohanian’s venture capital firm 776, with participation from others like Acrew Capital, FTX Ventures, and 10T Holdings. The latest
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Developments in the web 3.0 and blockchain spaces opened up many opportunities for various industries. Thanks to smart contracts and advanced technology, we've seen NFTs move from the profile picture [PFP] styled era to a more interactive, utility-focused one, birthing the play-to-earn [P2E] gaming market and the
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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
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
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“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