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⚡️ OCBC stepping into the metaverse for next-gen customers
Oversea-Chinese Banking Corporation (OCBC) O39% becomes the first local bank to launch its own metaverse experience as an avenue to acquire young prospective customers. Called OCBCx65Chulia, it is built off Decentraland, a 3D virtual world browser-based platform. It is the 43rd iteration of the product since the idea arose from an internal innovation sprint in 2021 as part of the bank’s digitalisation and transformation efforts.
OCBCx65Chulia was built by an in-house technology team at OCBC, together with Web3 firm Memotics, which specialises in creating dynamic and social spaces through digital architectural design. It is named after the location of the bank’s headquarters. Speaking at the media launch on April 5, OCBC’s head of group technology architecture Peter Koh says that the bank’s venture into the metaverse was their effort to have a presence in the virtual world. It is free to the public, including non-OCBC customers, who want to learn more about the bank’s latest products and services.
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💰 Papa Johns Will Issue Its First Pizza-themed NFT Based On Polygon
OneRare, the gamified self-proclaimed gourmet metaverse, said on Friday that Papa Johns is offering NFTs for the first time in the metaverse. This is OneRare’s first relationship with a national business, and it will formally debut on Tuesday, with pizza-themed NFTs available for minting internationally. The first NFTs launch is in collaboration with Papa Johns United Arab Emirates, but gamers will be able to collect them everywhere.
Fans of Papa John’s will be able to buy digital replicas of three of the company’s iconic foreign pizzas, which will eventually be able to be converted into real-life prizes. The NFTs will represent three popular pizzas sold mostly in the Middle East, notably the UAE, but will be mintable internationally. Gamers may gather digital ingredients to make virtual copies of the Super Papas pizza, Spicy Chicken Ranch pizza, and vegan Sheese Garden Special pizza. Papa John’s is dedicated to researching cutting-edge technology such as NFTs and Web3.0. According to Tapan Vaidya, the company’s CEO for the UAE, Saudi Arabia, and Jordan regions, this alliance will put their brand at the forefront of the industry.
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📣 Gucci And Yuga Labs Launch KodaPendant NFT And Physical Necklace On Sale April 7
Luxury goods giant Gucci announced on social media that it would be partnering with Yuga Lab’s metaverse game Otherside to launch a limited edition KodaPendant NFT and matching physical necklace. The sale will begin at 6:00 a.m Sunday and will be limited to 24 hours. Eligible purchasers can do so on Thursday, April 6. Eligible participants must hold Koda or Vessel NFT, and each KodaPendant NFT costs 450 APE.
Reportedly, the physical KodaPendant necklace is made of 925 silver, with an antique-style finish, and a Koda-shaped pendant featuring the “GG” LOGO, each with a unique version number on the back. According to a report from Business of Fashion, Gucci and Yuga Labs have signed a multi-year agreement to collaborate in Yuga Labs’ Otherside virtual world and their 10KTF collection to explore collaborative opportunities between the two – web3 fashion and entertainment. Gucci and Yuga Labs last year teamed up to create the Gucci Grail collection, using designs by 10KTF creator Wagmi-San for that collection.
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🖼 NFT Revenue Decreased By Roughly 31% In March, Totaling $882 Million
According to the information provided by CryptoSlam, non-fungible token transactions in March decreased by 31.42% month on month, going from $1.03 billion in February to $882.89 million on April 3. The Ethereum network was responsible for the settlement of $537.89 million worth of those transactions in March, which accounted for more than sixty percent of total sales.
In March, the Bored Ape Yacht Club (BAYC) collection was the top-selling product, with sales of $35.81 million. This figure represents a 48.19% reduction from the previous month’s sales. The month of February saw Cryptopunks’ sales increase by 87.95%, bringing the total to $30.11 million, making it the second-largest NFT compilation in terms of revenue. Following Solana in March’s sales rankings are Polygon ($36.16 million), Immutable X ($28.82 million), and Cardano ($10.08 million), with NFT transactions in Solana accounting for 10.57% of total sales and reaching $93.36 million.
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🖼 Magic Eden’s New Bitcoin NFT Marketplace Dominates Ordinals Market
The growing hype surrounding Ordinals has established Bitcoin as an emerging frontier for trading digital collectibles. And as the landscape develops, the Solana-based NFT marketplace Magic Eden has quickly emerged as a new leader. Ordinals—a protocol that enables content like art and text to be inscribed on individual satoshis, the smallest unit of measure that Bitcoin can be divided into—has exploded in popularity.
Magic Eden opened the door to trading inscriptions just over a week ago, on March 21, and has grown to represent a majority of Ordinals trading volume across various marketplaces that support them as of yesterday, according to a Dune dashboard created by a pseudonymous on-chain data enthusiast named Domo. On Tuesday, Magic Eden racked up roughly $170,000 worth of inscription sales compared to around $72,000 on the second most popular marketplace, Ordinals Wallet. BTC DeGods, a collection of inscriptions released by the creators of the most valuable Solana NFT profile picture (PFP) project, has played an influential role in Magic Eden’s ascension.
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🖼 Trump’s NFT Collection Sales Soared 445% After Impeachment News
According to NFT Price Floor, the cheapest NFT in the group was down 13% on Friday at 0.55 ether, or just under $1,000. A little over $22,000 was bought for the NFT collection within a 24-hour period earlier this year, far short of the $4.5 million the project generated when it first went on sale in December. The NFTs were initially offered for $99 each, and Trump advertised them in a video on his Twitter-alternative Truth Social.
Even though the indictment appears to increase the value of Trump-related merchandise and collectibles, the benefits of the news clearly benefit porn star Stormy Daniels, who is the center of his indictment. Daniels tweeted on Thursday, “#TeamStormy merch [and] The autograph orders are coming in,” as fans rose to defend the woman Donald Trump allegedly bribed to keep quiet about an affair the former president disputes. A cryptocurrency called FreedomCoin, formerly known as TrumpCoin, surged 50% on Friday in addition to NFTs.
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💰 Unstoppable Domains Releases AI-generated Avatars On Polygon
Unstoppable Domains is rolling out artificial intelligence (AI)-generated profile pictures (PFP) with the purpose of strengthening digital identification in the Web3 industry. Unstoppable Domains has launched a new feature that allows consumers to test what artificial intelligence can do when feeding a series of photos on a smartphone and allows anyone to cast those photos as NFTs.
Unstoppable’s program, like today’s successful Lensa application, can produce PFP from a sequence of photos using its own artificial intelligence engine. For $14.99, premium customers may submit up to 20 photographs of themselves and have access to 200 software-generated images in only one hour. Unstoppable Domains was a unicorn in the middle of last year. The firm creates solutions that allow consumers to establish and administer Web3 domains or digital identities that they can use across blockchain-enabled apps while deciding how much personal data to reveal with various platforms.
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💰 Polygon Taps Wakweli To Enhance NFT Authenticity By Web3 Infrastructure
Wakweli, a Web3 infrastructure protocol that specializes in generating authentication certificates for non-fungible tokens (NFTs), has announced an official partnership with the Polygon blockchain platform. Wakweli’s certification mechanism will now be accessible to all digital assets on the Polygon blockchain as a result of this agreement. Platform NFT project holders may seek authenticity certifications for each item, and developers.
Additionally, the initiative intends to provide assistance to developers and project holders while collaborating with Polygon to create a more secure digital environment. Wakweli’s community-powered protocol incentivizes users to examine certificate requests by using a novel consensus approach known as Proof-of-Democracy (PoD). All certified assets get a green tick next to them when they appear in marketplaces, ensuring customers that the item is legitimate. This technology supports the development of a more secure digital economy, preventing fraud and enhancing confidence in the booming NFT ecosystem.
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🏦 Binance Bicasso Is Now Live With 100,000 NFTs Available
Binance, the world’s largest crypto exchange, has officially unveiled Bicasso, an NFT-producing AI tool that enables users to create original artwork using pictures or text and mint it as NFTs on the BNB Chain. After a successful European trial run, people all around the world will be able to put its tremendous capabilities to the test. But, Binance will limit the latest chance for 100,000 available NFTs.
Binance previously launched the “Exclusive Bicasso” NFT collection to commemorate the worldwide debut of Binance Bicasso. The NFT collection holders will be able to participate in beta testing of Binance products, gaining early access to new goods and forthcoming Binance features. The tool debuted as a beta test on the Binance NFT platform on March 1, 2023, and achieved its original objective of 10,000 minted NFTs in 2.5 hours. To meet rising demand, Bicasso will be offered to 100,000 users on a first-come, first-served basis for 12 hours from March 29 (12:00 UTC) to March 30 (00:00 UTC).
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💰 Polygon to help fight NFT scams with Web3 infra protocol partnership
Polygon partners with Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for NFTs to certify originality.Wakweli, a Web3 infrastructure protocol that issues certificates of authenticity for nonfungible tokens (NFT), has officially partnered with layer-2 scaling platform Polygon to make NFT authentication possible. The partnership between Polygon and Wakweli means all digital assets on Polygon.
According to the announcement, every NFT project holder on the Polygon chain can request authenticity certificates for each asset. The collaboration generally aims to enhance the security of the digital ecosystem. In response to the cost of the certificate authentication for users, Antoine Sarraute, co-founder of Wakweli, told Cointelegraph that staking WAKU — Wakweli’s utility token — is necessary to create a certificate request. The amount to stake in a request is dependent on and linked to the level of trust needed for each case. The partnership agreement negotiations between the two companies began in August 2022.
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📣 Metaverse construction firm LandVault extends Series B with $3 million raise
LandVault, a company that bills itself as a metaverse construction firm, extended its Series B funding round, raising $3 million from the likes of The Sandbox, the Gemini Frontier Fund, HodlCo and hedge fund Kingsway Capital. The round tops up the $37 million the company has raised so far to build out metaverse infrastructure and gaming tech, according to a company release. It first announced its $25 million Series B fundraise in November 2021.
The fundraise marks a strategic pivot away from what CEO and co-founder Sam Huber called the "red sea" of advertising, which it had originally built its business on. The company will use the capital to continue building out its protocol Matera, which puts metaverse builds — such as virtual shops or stadiums — on-chain. It will also be used to grow commercial operations across its hubs in Dubai, Europe, the U.S. and Asia and will further invest in technology, notably AI-powered tools to accelerate the creation and monetization of metaverse content. As for whether Huber is worried that metaverse hype is fading, with the news that mega corps such as Meta and Disney are scaling back their visions.
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📣 Gucci and Yuga Labs team up to 'blur boundaries between physical and digital'
Gucci and Bored Ape Yacht Club NFT creator Yuga Labs kicked off Metaverse Fashion Week with the announcement they have teamed up on an as yet undefined project. A statement sent by Gucci said it relates to the Bored Ape metaverse RPG Otherside. The move comes as NFT brands search far and wide for new revenue streams, with a prolonged bear market stifling NFT trading and a struggle among rival NFT.
Bored Ape Yacht Club has long shipped out merch to its loyal band of token holders, but its owner has been looking elsewhere in recent months for new cashflow. After the NFT shop's acquisition of CryptoPunks' IP last year, it also turned to luxury — teaming up with top-end jeweler Tiffany to create NFT-inspired pendants. The so-called NFTiffs sold out at $50,000 an item. Yuga has form for working with Gucci. In August, the fashion house started accepting payment in ApeCoin, the token associated with the ApeCoin DAO. Continuing to explore the Metaverse, the House comes together with yugalabs. Stay tuned as a new narrative takes shape.
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📣 Nvidia to offer metaverse services under partnership deal with Microsoft
Nvidia (NASDAQ: NVDA) has announced that it will be teaming up with Microsoft (NASDAQ: MSFT) to offer firms building in the metaverse a range of services that will assist in building realistic virtual worlds. Nvidia CEO Jensen Huang broke the news to attendees of the firm’s GTC developer conference, saying the collaboration would open the door to endless possibilities.
The alliance will also see the integration between Nvidia’s Omniverse and Microsoft 365 programs like Teams and OneDrive, which Huang says will allow deeper cooperation between developers. In his speech, Huang hinted that the services provided by Microsoft and Nvidia to developers would be paid for, but details of its pricing were not revealed. The announcement was greeted with enthusiasm among attendees, resulting in BMW (NASDAQ: BMWYY) board member Milan Nedeljković stating that the automobile manufacturer will be using the service in its upcoming virtual factory.
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🔫 Animoca Brands Denies Reports Of $200M Metaverse Fund Cut, Valuation Unaffected
Animoca Brands, the venture capital firm and Web3 game developer, has recently refuted claims made by anonymous sources that it scaled back its Metaverse fund target by $200 million, or 20% to $800 million, due to volatility in the crypto market and instability in the banking sector. Animoca also downplayed suggestions that its valuation has plummeted from $6 billion.
The Metaverse fund was announced in November 2022, with the goal of allocating capital to mid to late-stage startups with a Metaverse focus. At the time, Animoca co-founder and chairman Yat Siu outlined that the fund target was between $1 billion to $2 billion, depending on how much capital was raised.Animoca Brands has stated that “the claim that the Animoca Capital fund target was ‘cut’ from $2 billion to $1 billion is not correct, because $1 billion has always been within the range declared.”. Animoca’s shares (AB1) were initially listed on the Australian Stock Exchange (ASX) in the firm’s early days.
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📣 LMU to construct twin campus in metaverse
The metaversity campus was created by Virtual XR’s team utilizing thousands of images capturing multiple angles of the Westchester Campus. LMU received a $72,000 grant from VictoryXR, including 40 Oculus virtual reality (VR) headsets and a digital twin campus located in the metaverse, which is a virtual recreation of LMU’s Westchester campus. Confirmed by the University in a press release on March 14.
LMU will be joining 15 universities in Meta's “Metaversity” program offering immersive learning opportunities. The project serves as a pilot in transitioning the online and hybrid class experience beyond Zoom conferencing and into meeting spaces within the metaverse. “It's only for courses that are being offered at an online and hybrid modality; [it] is not designed to replace any classroom work,” explained Jeffrey Schwartz, director of digital learning and innovation. The metaversity campus is walkable and to scale, but only Sacred Heart Chapel has an accessible interior. The remaining six buildings currently exist as exteriors, but with the VirtualXR library.
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⛵️ OpenSea User Mistakenly Bids 100 ETH For Free NFT
NFT trader inadvertently paid a whopping 100 Ether for a free NFT from OpenSea’s Gemesis NFT collection. At current market rates, this translates to a staggering $191,239, which represents a mind-boggling 250,000% increase from the floor price of 0.04 ETH. The trader, who may have intended to bid $100, accidentally placed a bid of 100 ETH instead. Some have suggested that this sale was a result of wash trading.
OpenSea Pro, the platform tailored to professional NFT traders, boasts a vastly improved suite of features, including live cross-marketplace data and advanced orders. Since OpenSea’s acquisition of NFT aggregator Gem, the platform has been refined to create OpenSea Pro. Eligible users who purchased at least one NFT on Gem prior to March 31 can mint a Gemesis NFT until May 4. The world of NFT trading, which has seen a surge of interest in recent years, despite its controversial reputation. It is fascinating to see how a seemingly small mistake can have such a significant impact on the value of an NFT.
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⛵️ NFT marketplace OpenSea aims to claw back Blur’s gains with 'Pro' platform
The company that long held the title of the world’s biggest NFT marketplace will see if its new offering can help it regain its dominance — Upstart marketplace Blur recently overtook OpenSea as the leader in total volume as measured by U.S. dollars. Blur offered a tantalizing incentive program featuring low fees, airdrops and token incentives in order to woo traders; the strategy quickly ate into OpenSea’s market share.
OpenSea has integrated Gem into its Pro product. “Building on previous Gem designs, we’re excited to roll out a vastly improved suite of features that will allow collectors to discover the best deals and insights across 170 marketplaces and access sophisticated tools that meet their need for automation,” the company said in a statement. Still the leading marketplace by number of active traders, according to The Block research, OpenSea acquired NFT aggregator service Gem last April. Gem allows traders to buy and sell NFTs across multiple marketplaces. The Block research analyst Brad Kay isn't convinced OpenSea’s latest push will be enough to put a serious dent in Blur's gains.
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🖼 NFTs Are the Ultimate Disruptor of Hollywood's Entertainment Status Quo
Oscar award winner for "best short film" was "Irish Goodbye" by First Flights, a "Film3" company that produces films via crowdfunding models. While the production of "Irish Goodbye" preceded First Flights’ recent implementation of non-fungible tokens (NFT), the company has fully committed to embracing Web3, as demonstrated by its recent successful raise for its next short film.
NFTs have become well-known beyond our industry bubble and are recognized by a much larger audience than we might think. However, it's important to note that Hollywood has only begun to explore the potential of blockchain technology and Web3, indicating that there may be much more to come for the industry. NFTs create an unmatched 1:1 relationship between the buyer and the issuer, helping build a community without dependence on multiple vendors. Over the last few years, businesses have been learning the power of their community but have struggled to quantify its ROI.
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💰 The Number Of Bitcoin Ordinals Spikes Thanks To BRC-20 Tokens
A new token standard dubbed BRC-20, which was just published on the Bitcoin network, has sparked a new frenzy, driving the number of “Inscriptions” being “Inscribed” of Bitcoin Ordinals on the network to ATH levels. Inscription is the information etched into sats to produce Bitcoin NFT, and 1 Inscription equals 1 NFT on the Bitcoin network. The procedure of engraving Inscription on sats, which is equal to “mint” normal NFTs, is known as Inscribed.
Ordinals are NFT-like digital artifacts on the Bitcoin network that carry data in the form of text, JPEG images, PDFs, video, and audio formats, the BRC-20 token standard, like Ethereum’s ERC-20 token standard, uses Ordinal inscriptions to deploy token contracts, mint tokens, and transfer tokens. According to Dune Analytics, Bitcoin Ordinals reached 58,179 Inscriptions on April 2, surpassing the previous all-time record of 31,692 on March 9, representing an 83.5% growth. This increase is linked to the introduction of new token standards on the Ordinals protocol in the beginning by an on-chain analyst called Domo.
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📣 Ethereum Staking Provider Lido to Incorporate NFTs Into Unstaking Process
Lido, the largest decentralized finance (DeFi) protocol by total value locked, unveiled plans during its Node Operator Community Call #5 to release a non-fungible token (NFT) representing a user’s withdrawal request amount as part of the process of unstaking their ether (ETH). These withdrawals will be enabled after the Ethereum blockchain undergoes its next major upgrade.
Ether withdrawals on Lido, where users can unstake their stETH and receive ETH at a 1:1 ratio, will have two steps: request and claim, according to Mariya Muzyko, product manager at Lido, during the call Tuesday afternoon. Once a user requests a withdrawal, they will receive a Lido-issued NFT representing their withdrawal request. The user can then use the NFT to claim their ETH rewards. The NFT is burned after the user redeems and claims their ETH. Lido was the first to provide access to liquidity to ETH holders who wanted to stake their tokens by issuing a derivative token, stETH.
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🔫 Over 7,000 Players Successfully Converged in Yuga Labs' Otherside Metaverse 'Second Trip'
Yuga Labs completed a successful Second Trip last Saturday, providing members of its community with a preview of what’s to come in its Otherside metaverse world that is slated to launch later this year. According to Yuga Labs, about 7,200 players attended the 90-minute trial run. Holders of the Otherdeed non-fungible tokens (NFTs) a collection linked to land in the Otherside metaverse.
From the start, the experience was designed to transport players into a sci-fi fantasy world that combined elements of popular MMORPG (massively multiplayer online role-playing game) and NFT culture. Users began the trip by entering the “Infinity Space,” an empty arena where voyagers could familiarize themselves with controlling their avatars and sending messages to other players. Voyagers were able to gather in small groups and speak to each other directly – a feature meant to mimic a “real life event,” in which players could only talk and hear others when in close proximity, said Yuga Labs chief creative officer Michael Figge.
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🖼 Donald Trump indictment breathes life into his NFT trading card collection
Donald Trump trading card NFT sales have spiked more than 500% in the last 24 hours, following news that the former president was indicted by a New York grand jury. Thursday night, when the news hit, more than $50,000 worth of the Trump caricature-emblazoned digital cards changed hands, according to CryptoSlam data. About $184,000 of the cards have been sold in the last 24 hours.
While there seems to be a buzz of market activity, trading volume has historically been a lot higher for the former president-themed collection. In December, the 45,000 item NFT collection sold out within hours, with more than $3.9 million in sales on the day. Since then, there have been days with as much as $469,000 worth of NFTs changing hands. Buying an NFT automatically entered the purchaser into a sweepstake, with prizes including a group cocktail party at Mar-A-Lago, a dinner in Miami or a golfing trip with the former president, or a group Zoom call.
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💰 Polygon Taps Wakweli To Enhance NFT Authenticity By Web3 Infrastructure
Wakweli, a Web3 infrastructure protocol that specializes in generating authentication certificates for non-fungible tokens (NFTs), has announced an official partnership with the Polygon blockchain platform. Wakweli’s certification mechanism will now be accessible to all digital assets on the Polygon blockchain as a result of this agreement. Platform NFT project holders may seek authenticity certifications for each item, and developers.
Additionally, the initiative intends to provide assistance to developers and project holders while collaborating with Polygon to create a more secure digital environment. Wakweli’s community-powered protocol incentivizes users to examine certificate requests by using a novel consensus approach known as Proof-of-Democracy (PoD). All certified assets get a green tick next to them when they appear in marketplaces, ensuring customers that the item is legitimate. This technology supports the development of a more secure digital economy, preventing fraud and enhancing confidence in the booming NFT ecosystem.
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💰 NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon
Popular non-fungible token (NFT) project y00ts has started the migration process from its native Solana blockchain to the Polygon network in a move meant to speed up transaction times and reduce network fees. The migration, which began on Tuesday, was officially announced in December after months of speculation. DeLabs, the Los Angeles-based startup behind y00ts.
Y00ts, which launched in September 2022, is using a cross-chain bridge to bring its 15,000-edition generative art collection to Polygon. Existing holders can begin the migration process by visiting the y00ts website and connecting their wallets. Holders who do not migrate their NFTs by April 3 will be subject to a 33.3% “Paper Hands Bridge Tax,” which will result in a fine payable by increased royalty fees. Nearly 10,000 y00ts have already been moved over to Polygon, according to OpenSea. The floor price of the collection is currently hovering around 1.8 ETH, or about $3,200.
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📣 Disney nixes its metaverse team: WSJ
The Walt Disney Company has nixed its metaverse team as part of a wider round of layoffs, according to a report by the Wall Street Journal citing people familiar with the situation. The mass media conglomerate cut a small team of about 50 people developing strategies in the metaverse — a catchall phrase referring to blockchain-enabled virtual worlds.
As reported by The Block in February 2022, Disney hired Mike White to lead its metaverse efforts. At the time, a memo penned by CEO Bob Chapek noted that the former Apollo Group CTO would be tasked with connecting the company's "physical and digital worlds.". "This is a very top-of-mind thing for us because we are continuing over time to augment our skills and the types of people that we attract into The Walt Disney Company to reflect the aggressive and ambitious technology agenda that we have," said Chapek at the time. White will remain at the company, according to the Journal's report.
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🟠 Binance Expands AI-Powered NFT Generator Bicasso
Binance, the world's largest cryptocurrency exchange, expands its NFT artificial intelligence service Bicasso globally after a successful test in Europe. Bicasso will now be unlocked for 12 hours from March 29 (12:00 UTC) to March 30 (00:00 UTC) to an additional 100,000 consumers, for both existing and new users, on a first-come, first-served basis.
Bicasso allows users to create, mint and own a customized image created with AI simply by submitting an image, such as a profile picture, and providing creative prompts. Bicasso draws inspiration from the combination of the image and prompt to offer its best possible result, which can be further refined with more direction if desired. Once fully satisfied with the image, users can mint their creations as NFTs on the BNB chain. These NFTs can then be set as profile pictures, shared across social media, or transferred to one's wallet. The name Bicasso is a merging of 'Binance' and 'Picasso' reflecting the powerful combination.
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💰 Improving Bitcoin NFT marketplace infrastructure sets the stage for ecosystem growth
Bitcoin NFT inscription activity has remained strong with consistency in the daily number of NFTs inscribed on Bitcoin. At the same time, the infrastructure to foster Bitcoin trading is finally coming together with the development of wallets and marketplaces supporting Ordinals. NFT marketplaces, Gamma and Magic Eden, added support for Bitcoin NFTs this week.
Bitcoin NFTs, also-known-as Ordinals, began with much fanfare in late January as they enhanced the utility and revenue of the Bitcoin blockchain. Dune dashboard from data analyst dgtl_assets shows that the Ordinals inscription activity remains robust, with nearly 580,000 NFTs inscribed in less than three months. Ordinals require a specially designed Bitcoin wallet that recognizes content files on discernable satoshis, the smallest unit of Bitcoin, and facilitates its transfer. Hiro and Xverse are the leading wallet providers in the space. While the daily inscription activity is vigorous, the trading volume of Bitcoin NFTs is still muted.
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🖼 Amazon Officially Admits Existence Of New NFT Marketplace Plan
An email from an official Amazon account appears to confirm the existence of the digital token and library on the e-commerce platform, according to Coindesk. The email was sent to Coindesk staff as a confirmation after the subscription to Amazon Prime Video channel was automatically renewed. The email also provides new details on the e-commerce giant’s Web3 expansion plans and hints at where these new tools might live on the platform.
Coindesk employees also cannot access digital tokens. It needs to be made clear how the NFT is connected to this subscription renewal, although both the email and the transaction confirmation are received simultaneously. There have also been rumors that have been circulating for weeks that Amazon is planning to release its own NFT marketplace soon, although Amazon has yet to comment publicly on the reports. According to sources, the e-commerce giant is said to be launching its own NFT (non-fungible token) marketplace next month. With 15 NFT collections already available from the launch date, it plans to launch “Amazon Digital Marketplace” on April 24.
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📣 Microsoft and NVIDIA join forces to revolutionise industrial metaverse
Microsoft and NVIDIA join forces to revolutionise industrial metaverse and AI supercomputing in the cloud. Under the collaboration, NVIDIA via Microsoft’s Azure service will host two new cloud offerings which are NVIDIA Omniverse Cloud and NVIDIA DGX Cloud. NVIDIA Omniverse Cloud is a platform-as-a-service that provides a full-stack environment to design.
The aim of this collaboration is to help companies digitise their operations, engage in the industrial metaverse and train advanced models for generative AI and other applications. What’s more, the two companies are also connecting Microsoft 365 applications like Teams, OneDrive and SharePoint with NVIDIA Omniverse to further enhance productivity and 3D collaborations in the platforms. Microsoft CEO and chairman Satya Nadella said: “The next wave of computing is being born, between next-generation immersive experiences and advanced foundational AI models.
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📣 HCLTech launches service to help companies use metaverse for customers
IT services company HCLTech on Wednesday launched a service that enables enterprises to provide customers with real-time and immersive experience of the metaverse. HCLTech Metafinity will serve financial services, retail and consumer packaged goods, high-tech, telecom, manufacturing and life sciences and healthcare companies. It is available on the metaverse, SAP and Salesforce.
The service uses HCLTech’s blockchain platform called COTRUST and Blockchain Tokenization Framework (OBOL) to deliver metaverse capabilities for enterprise needs. It allows backend integrations ranging from blockchain, cloud, data and artificial intelligence (AI). The company said the service will help create a new virtual world comprising an intersection of different digital technology disciplines such as human interface, blockchain NFTs, 3D content creation, etc. under one umbrella platform. The platform is built on the HCLTech XRStudio platform based on Adobe’s suite of marketing and web analytics products.
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