💎 NFT's & Metaverse Updates💎

2022-12-03 21:25:10 Flipkart joins Polygon to launch metaverse use cases in e-commerce space

Flipkart on Friday partnered Ethereum-based Blockchain platform Polygon to set up a centre of excellence (CoE) that will work on research and development of Web3 and metaverse commerce use-cases in India. Flipkart has launched FireDrops, an easy-to-use NFT platform for brands to explore community building and pivot the value of NFTs around utilities. Sandeep Nailwal, Co-Founder of Polygon, said the aim is to bring the next billion users to Web3 and “this partnership will pioneer research and development at the intersection of Web3 and experiential retail”.

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2022-12-03 15:03:03 S. Korea energy conglomerate builds US$84 mln metaverse fund

South Korea’s city gas and energy group Daesung’s venture capital subsidiary recently established a fund worth 110 billion Korean won (about US$84.5 million) for expanding investments into startups in the metaverse industry, local media outlets reported Thursday. Korea Venture Investment Corp., the country’s government-backed fund of funds, invested 60 billion won (US$46 million), with other limited partners including the Industrial Bank of Korea (IBK), Shinhan Capital Co. Ltd. and other subsidiaries of the Daesung Group. The fund will focus its investments in startups specializing in artificial intelligence (AI), extended reality (XR), blockchain and digital twin technologies.

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2022-12-03 09:25:04 RIMOWA CREATES ‘PHYGITAL’ NFT LUGGAGE IN THE METAVERSE

Luggage brand Rimowa has released NFTs that can be redeemed on physical, limited-edition Original Cabin suitcases. Rose Dykins reports. Rimowa has entered the NFT realm with a collaboration with Nike-owned tech collective RTFKT. Together, they have launched a collection of 888 limited-edition suitcases that can only be secured by investing in a NFTs (non-fungible tokens). The luggage takes both physical and digital form (hence “phygital”). The number 888 is considered a lucky number within the crypto currency world, and, with this collaboration, Rimowa is offering an experience that effectively enables people to virtually “mint”.

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2022-12-03 03:03:00 Mozilla acquires Active Replica to build on its metaverse vision

According to Mozilla SVP Imo Udom, Active Replica will support Mozilla’s ongoing work with Hubs, the latter’s VR chatroom service and open source project. Specifically, he sees the Active Replica team working on personalized subscription tiers, improving the onboarding experience and introducing new interaction capabilities in Hubs. “Together, we see this as a key opportunity to bring even more innovation and creativity to Hubs than we could alone,” Udom said in a blog post. “We will benefit from their unique experience and ability to create amazing experiences that help organizations use virtual spaces to drive impact. They will benefit from our scale, our talent, and our ability to help bring their innovations to the market faster.”

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2022-12-02 21:25:00 Forever 21 all set to launch the F21 Metaverse Collection in stores and online

To celebrate Forever 21’s one-year anniversary on Roblox, the brand will offer a product range based on a virtual collection that already exists on Forever 21 Shop City. The collection is called F21 Metaverse Collection and includes a variety of hoodies, T-shirts and other accessories. Forever 21 Shop City is designed to allow Roblox users, fashion influencers and creative designers to own and manage their own stores. Additionally, in preparation for the holiday season, Forever 21 Shop City will launch a limited-edition product line in December that will offer one item each day for 24 hours. These products will start at US $14.99 and will be sold both offline and online.

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2022-12-02 15:52:02 South Korea’s Shinhan Bank starts ‘metaverse’ services, according to local media

Shinhan Bank, one of South Korea’s top four lenders by net profit, has opened a “metaverse” site to provide what it called financial and non-financial services, claiming to be the first bank in the country to provide such a platform, according to local media reports on Wednesday. Shinhan Bank’s announcement follows a number of experiments by the lender with blockchain and cryptocurrency related services. In December last year, it ran a test of a real-time international remittance via stablecoin with Standard Bank of South Africa and using the blockchain network Hedera Hashgraph. Shinhan Bank is also an early investor in Korea Digital Asset Custody.

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2022-12-02 09:03:02 South Korean government introduces ethical guidelines for the metaverse

On November 28, the South Korean government announced a lot of non-binding ethics guidelines for metaverse services. The terms of use will be based on those guidelines only. The Ministry of Science and ICT has released the guidelines in a meeting of ministers organized at the Seoul Government Complex in central Seoul. The meeting was held on the topic of “Metaverse Ethical Principles.”.Basically, the guidelines are made keeping three core values in mind i.e, sincere identity, safe experience and sustainable prosperity. The motive of making the guidelines is to make sure that clients are capable of show their correct identity in a secure digital world created with a sustainable system that is open to all members. Worries regarding virtual sex crimes, scams and data piracy.

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2022-12-02 03:03:01 Laura Mercier Launches Holiday Shopping in Metaverse with Obsess

According to the company, the World of Laura Mercier is the first step for the brand to enter a virtually experiential e-commerce presence, offering an immersive and interactive online shopping experience. Laura Mercier has made its color cosmetics debut into the Metaverse. As part of its patented technology, the Obsess platform has industry-leading virtual shopping abilities including social shopping with friends and livestream to and from the virtual store. To capitalize on the Obsess technological advances and sustain engagement in the virtual world, Laura Mercier and brand partner, influencer Karen Gonzalez of @iluvsarahii, will host a livestream shopping event on Dec. 6.

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2022-12-01 21:25:10 UK university UA92 expands into metaverse & NFTs

University Academy 92 (UA92) will become a part of the metaverse in 2023 and provide unique NFT achievement awards in what it calls a first for higher education. open its campus to global audiences and better serve international and remote students. With a vision for autonomous learning, UA92 will provide lectures, presentations, character and personal development advice zones, well-being activities, campus tours and events on the virtual platform, with each student given access through individual avatars, allowing them to meet, learn, chat and socialise in the digital campus.

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2022-12-01 15:03:01 BMW Venturing into NFTs and Metaverse

Meta is deepening its commitment to metaverse monetization through partnerships with BMW-owned Mini and Fender. The collaborations, announced today at Cannes, feature experiences built within Meta’s proprietary metaverse platform Horizons. The experiences are available to users of the Meta Quest 2 headset throughout the UK, US and Canada. They aim to replicate the experience of driving a Mini and bring a “first of its kind co-play audio experience to create original music riffs” in order to show branded content to a new audience in the metaverse. The worlds have been created in partnership with Creative Shop. offering the fun of customizing and racing Minis in this groundbreaking virtual reality (VR).”

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