While public interest in the Metaverse has not been completely lost, brands are trying to make the most of its popularity. Many luxury brands have already jumped on the gamification bandwagon, selling branded skins and buying land in the Metaverse. We have already visited Decentraland Fashion Week, played the Balenciaga game and regularly watched digital collections move from the mass market to luxury markets. In addition, in Web3, there is a serious beef between the Hermès brand and artist Mason Rothchild, the man behind the nonfungible token (NFT) MetaBirkins furry bags. This event has attracted public attention to the fact …

Some critics deem nonfungible tokens (NFTs) to be totally worthless. They don’t see the point. Why should they? The industry hasn’t covered itself in glory with countless rug pulls and celebrity endorsements with prompt pump-and-dumps. But, this is missing the point. Already most of the digital and physical objects we use in real life are unique, they are not fungible: this means they cannot be copied, substituted or subdivided. Detractors might still say, well, what’s the point? NFTs are immutable and verifiable assets on the blockchain — these sound like industry buzzwords with little meaning. However, they go a long …

A global digital asset company says its revenue hit $250 million in the first half of 2022 — a 25% increase when compared with the same period a year earlier. Amber Group claims state-of-the-art trading infrastructure, effective risk management and a diverse client base has been instrumental to its profitability. Earlier this year, the platform completed a $200 million Series B+ funding round — with Temasek, Sequoia China, Pantera Capital and Coinbase Ventures among the participants. This helped the company achieve a valuation of $3 billion. A crucial driver for growth has been ensuring that it has the licenses it …

The allure of nonfungible tokens (NFTs) has been growing in popularity recently, and for a good reason. Nonfungible tokens are a new form of asset that can represent anything from digital art to game items and are stored on the blockchain ledger. This implies that NFTs are unique, immutable and transparent. People collect NFTs for a variety of reasons, including art appreciation, value speculation and as part of playing games like Decentraland or Cryptokitties that are based on blockchain technology. There are many possible reasons that NFTs have become popular, and different people will have different reasons for investing in …

We're all familiar with the concept of play-to-earn — but now, there's a thrilling new crypto trend on the block: party-to-earn. But what exactly does party-to-earn mean… and how does it differ? In Cointelegraph's latest live AMA, we're joined by three experts from the world of electronic music. They'll tell us how this vibrant genre can thrive in the Metaverse — and attract a new legion of fans in the 21st century — through a project called Klubcoin. ClubbingTV's CEO Stephane Schweitzer will be on hand to answer your questions during the broadcast — alongside the company's COO Laureline Teste …

The innovation and, as a result, the booming popularity of social media started at the beginning of the century with the concept of the online social graph. This specific data structure draws a line between social networks’ users and the people, places and things with which they interact. However, time has shown that the major social media platforms have several disadvantages related to centralization. The flagships of the change are likely to be sprouts of current Web3 projects. What is Lens Protocol? Lens Protocol is a blockchain-based open-source social graph created to reshape the future of social media concepts in …

Paris Fashion Week 2022 consisted of 64 shows and 42 presentations, many of which demonstrated the future of fashion. From the sprayed-on dress worn by supermodel Bella Hadid at the Coperni show to upcycled fresh looks consisting of recycled garments, Paris Fashion Week brilliantly highlighted trends for upcoming seasons. While the majority of Fashion Week attendees and designers celebrated physical elements — such as in-person fashion shows and tangible designs — a handful of creators incorporated Web3 features to demonstrate fashion’s enormous digital potential. Web3 democratizes fashion Shedding light on this, Victor Weinsanto, a French designer who launched his brand …

When things don't go as planned in your career, finding opportunities in other fields is the way to go according to Lewis Neal, a former National Football League (NFL) defensive tackle. Speaking to Cointelegraph at the Blockchain Economy Dubai Summit 2022, Neal shared the story of how he went from playing professional football to exploring the finance world, eventually leading him to Bitcoin (BTC) and crypto wallets. Neal explained that his expectations were high when he started football. Like many aspiring professional sports guys, he thought that he would be the star of the show. However, things didn't turn out …

Yuga Labs has announced a new Bored Ape Yacht Club (BAYC) community council to help the project “grow and thrive.” The team revealed seven council members in an Oct. 5 blog post, noting that they are all OGs who have been around since the early days of the BAYC. Yuga Labs said it assembled a new community council made up of “Apes with a proven track record of proactively and positively contributing to the club since the start.” The members include, @beijingdou, @SeraStargirl, @TheMiamiApe, @OxEthanDG, @OxWave, @negithenagi, @peterjfang. “This council was formed with the intention of representing the club at …

A new survey commissioned by blockchain entertainment provider Coda Labs suggests that despite the huge amount of money being poured into Web3 gaming, traditional gamers are still yet to warm up to crypto or NFTs and have little interest in Web3 games. According to the survey, gamers pointed to practical barriers as their main reason for shying away from Web3 games, with gamers often not knowing how they might work and lacking a blockchain wallet. The survey found that only 12% of non-crypto gamers have tried Web3 games, while just 15% of those yet to try were interested in doing …

OpenSea, the digital marketplace for crypto collectibles and nonfungible tokens (NFTs), announced in a series of tweets on Oct. 5 that the platform will officially allow its users to bulk list and bulk purchase up to 30 digital collectible items in a single flow. We’re officially live with bulk listing and buying! You can now list and buy up to 30 items in a single flow on OpenSea. Let’s walk through what this experience looks like in this — OpenSea (@opensea) October 5, 2022 In the case of bulk buying, the platform will allow its users to add up to …

Teneo, the liquidation firm in charge of the Three Arrows Capital (3AC) bankruptcy process, confirmed in a statement to Cointelegraph on Oct. 5 that it has custody of the NFTs moved from the addresses related to Starry Night Capital, a fund launched by the co-founders of the now-bankrupt hedge fund. According to the firm, the collection move was part of the liquidators' duty of identifying assets and maximizing recoveries on behalf of all creditors. A report from Bloomberg estimated that the Starry Night Capital collection’s total value sits at around $35 million. It represents only a tiny fraction of the …