NFTs & DeFi 🗓

2023-04-14 20:14:02 AI-driven social metaverse company Social Future raises $6M in funding

Social Future, an AI-driven social metaverse company, has recently announced that it has successfully raised USD $6 million in funding. Social Future’s aim is to create the future of social experience with phygital interaction, immersive content, and self-sovereign communities. Social Future’s product, MAY (“Meet Another You”), enables immersive social experiences via personalized avatars. Built with blockchain and AI, MAY allows users to generate ownable 3D virtual worlds where avatars. Social Future’s original IP, ThreeEarsBunny (TEB), will be integrated into MAY as a fun-filled theme park with a collection of NFT-based games. Having launched just two months ago, Social Future stated that TEB has already amassed a community of over 30,000 members, as well as launched a series of leisure games, which have been played more than 200,000 times, according to the company. Social Future added that since its official launch in January 2023, the company has grown its user base to over 100,000 users from North America and enrolled more than 20,000 unique active wallets (UAW) per week. Seventy percent of its users are crypto-native, and an MPC wallet will soon be launched to seamlessly bridge Web2 users.

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2023-04-14 16:25:11 Adidas Unleashes Groundbreaking ALTS NFT Collection

Adidas, the well-known sneaker and lifestyle brand, has recently expanded its non-fungible token (NFT) ecosystem called “Into The Metaverse” with the release of a new collection called “ALTS by Adidas”. This new collection introduces a dynamic NFT with eight different “ALT[er] egos” that correspond to different rarity traits and interactive storylines. By burning their NFTs from the first two phases of the Into The Metaverse collection, holders can receive a new NFT from the Ethereum-based ALTS by Adidas collection. The Into The Metaverse collection was first released in December 2021, and it promised holders of the NFTs “exclusive access to collaborative merchandise and virtual land experiences throughout 2022.” Adidas’ first Web3 exploration, a collaboration with NFT influencer gmoney, PUNKS Comic and Bored Ape Yacht Club, allowed holders to burn their NFTs to receive a new ERC-1155 token from the next phase of the project and claim physical clothing items. At the time of writing, the Into the Metaverse collection has a floor price of 0.57 ETH (about $1,000) and has done 48,771 ETH (about $93.4 million) in trading volume since its launch. Adidas has been actively participating in the Web3 space through various digital apparel.

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2023-04-14 10:25:10 JACK&JONES India steps into the future with the METAVERSE themed capsule collection

Bringing the best of high-street fashion in an all-new avatar, JACK&JONES unveils a Metaverse-themed capsule collection as part of their SPRING/SUMMER 2023 collection. Bridging the gap between style and augmented reality, the new collection boasts an array of bright and playful colors that are ideal for Summer. This limited-edition capsule is an innovative play on 3D augmented reality. Available in stores across India in early April 2023, the new JACK&JONES METAVERSE collection is now available in all stores and is priced at INR 1499 onwards. The in-store experience is not to be missed if one wants to encounter one-of-a-kind experience. More than a quarter of a century ago, we set out to take on the world. We were just a few guys with our first jeans collection and a passion for denim that couldn't be denied. Many years later, we're still just one of the guys and it's still all about jeans, but we've added a few more people to our team along the way. And yes, we know it takes more than a pair of good jeans to cover a guy's wardrobe needs.

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2023-04-14 04:25:04 TMX Global brings its supply chain metaverse to Asia

International supply chain consultancy TMX Global has launched its TMX Metaverse in Asia at a launch event in Thailand. First launched in Australia (where TMX Global is headquartered), the TMX Metaverse is an environment where clients can bring supply chain concepts to life through a range of digital technologies – including virtual and augmented technology and a metaverse platform. TMX Metaverse can map the entire end-to-end supply chain network in a virtual environment, enabling enterprises to design their warehouse, plan for issues like component shortages, transport disruptions or unforeseen weather events, or simulate supply chain scenario’s in order to better understand their impacts. Using the TMX Metaverse, clients can ultimately create a more robust and resilient supply chain, said CEO of TMX Global, Travis Erridge, during a launch event at Bangkok’s True Digital Park. “With the ability to visualize designs in the metaverse – on a real, human scale – businesses can improve decision-making and efficiency during the conceptualization process by up to 50%.

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2023-04-13 20:41:02 SecuX Launches MnemonicX 2048 NFT Empowered by Asus Metaverse Soulbound Token Solution

-SecuX, a blockchain security company launches MnemonicX 2048, the first-ever soulbound cold wallet NFT project. This project celebrates the BIP39 mnemonic seed phrase and SecuX Nifty-X, the pioneering soulbound cold wallet. The first 2,048 SecuX Nifty-X users will receive a MnemonicX 2048 SBT (soulbound token) and an NFT, each corresponding to a unique 2048-word BIP-39 seed phrase. These SBTs are connected to membership privileges via NFT. SecuX has forged partnerships with industry leaders' web3 divisions, including ASUS Metaverse Inc., an innovative technology company wholly owned by ASUS that specializes in web3 business. In Q2, ASUS Metaverse will launch an NFT marketplace and SBT solution, enabling more end users and B2B customers to easily join the web3 world. Additionally, SecuX plans to introduce an integrated scam alert service in partnership with a world’s leading cybersecurity firm, which will be announced next month, further enhancing their commitment to user security. The SBT mint site will launch on May 30, 2023 and the reveal date for the NFT has been set as September 9, 2023, in honor of the 10th anniversary of Marek Palatinus publishing the Bitcoin Improvement Proposal 39 (BIP39).

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2023-04-13 16:25:09 NFT warranties can help mass adoption of the technology, says Web3 exec

The Web3 space has seen its fair share of exploits in the recent past, with more than $320 million exploited by hackers in the first quarter of 2023. For many users, particularly prospective users, securing their digital assets is a top priority. A new nonfungible token (NFTs) warranty service from Web3 payment provider Wert and insurtech service Avata is trying to troubleshoot the asset security gap for both active and prospective collectors. According to the announcement, the opt-in warranty for NFTs will cover up to 90% of the value of the digital assets for any NFTs compromised in a smart contract hack. Cointelegraph spoke with George Basiladze, the co-founder and CEO of Wert, who said a solution like this helps bridge the “trust” gap, while offering needed protection to an array of collectors. The service will be available on nearly 80 digital asset marketplaces, including the KnownOrigin NFT marketplace. According to Basiladze, the NFT protection will be charged at 6% of the asset cost at checkout, and coverage will be calculated by the purchase price rather than the current market value.

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2023-04-13 10:25:07 Former Bitcoin Core Developer Says NFT Market Is ‘Pleasantly Down to Earth’ Again

The hype once driving the popularity of non-fungible tokens (NFT) may have finally settled, said Jeff Garzik, a former Bitcoin core developer and co-founder of software development company Bloq. “I call the [NFT] market ‘pleasantly down to Earth,’” Garzik, who is also the founder of Web3 focused entertainment company NextCypher Productions, told CoinDesk TV’s “First Mover” on Tuesday. While still nowhere near the volumes of last year, things have been picking up with NFTs. According to a report from online store for decentralized applications (dapp) DappRadar, the NFT market had a 137% increase in trading volume during the first quarter of this year. Despite a slight decrease of over 15% during March, the ecosystem reached $4.7 billion in total value for the first quarter. Garzik said that a lot of the NFT hype appears to have finally “burned off,” and users now are looking for NFTs that can provide real utility, something that users can engage with and that will attract their attention.

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2023-04-13 04:25:05 Companies Behind Azuki NFTs and LINE FRIENDS Characters Join Forces For Web3 Expansion

Chiru Labs, the Web3 company behind non-fungible token (NFT) collections Azuki and BEANZ, and IPX, the parent company of the popular character collection LINE FRIENDS, has announced a strategic partnership today to create new opportunities for their brands and fans. The two companies will collaborate on content, merchandise, retail distribution, real-life activations. IPX has grown from LINE FRIENDS, which originated as stickers within the LINE messaging app, into an innovative intellectual property (IP) brand and has partnered with companies such as Starbucks, Netflix and McDonalds as well as K-Pop band BTS. To celebrate the partnership, a billboard above the LINE FRIENDS store in Times Square will show an animation of some of the LINE FRIENDS characters during NFT.NYC this week. Chiru Labs is best known for its anime-inspired NFT collection Azuki, which has netted 470,994 ETH in trading volume since its launch in Jan. 2022.

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2023-04-12 20:31:02 Bentley, NVIDIA See the Future of Metaverse Digital Twins

Lori Hufford, Bentley Systems vice president of engineering collaboration, recently spoke about the metaverse and its potential uses for infrastructure design at NVIDIA’s GTC developer conference March 23, offering some insights on where its potential lies. Hufford said that while the metaverse is still a work in progress, the standards needed for deploying it in infrastructure projects are already emerging. Bentley’s LumenRT was the first engineering application built on NVIDIA Omniverse, a platform for building shared metaverse environments for complex models. Brigantium Engineering used LumenRT on the International Thermonuclear Experimental Reactor in France, with Oculus VR headsets to view federated models from 35 countries and even more suppliers. Richard Kerris, vice president of the Omniverse platform at NVIDIA, said the company’s aim is to enhance existing workflows for infrastructure construction. Having engineering data in cloud-based platforms like iTwin will help the transition to immersive.

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2023-04-12 16:25:00 Shiba Inu's Metaverse Will Partially Open by 2023-End, Developers Say

The Metaverse, a project that expands the utility of the shiba inu (SHIB) ecosystem, is being pegged to open by December this year, Shiba Inu developers said in an update on Monday. “While all development takes time, the MV team is confident that by the end of 2023 users will have the opportunity to explore some of the areas in this fantastic world, build, design, play, and develop within it,” developers said Monday. SHIB: The Metaverse will feature 100,595 plots of land that will be minted by users. Landowners can generate passive income from their plots, collect in-game resources and generate rewards. Additionally, the developers plan to introduce a way to earn and ensure players have a personal space where they can build and manage their projects. In the metaverse, users can create their own avatars – fashioned as humanoid dogs – to explore, visit and interact with lands and contribute to the in-game economy. “However, it should be noted that not all areas of the Metaverse will be fully completed as it is an ongoing project,” the developers added.

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