BMW Coming To Metaverse, Files For Virtual Vehicles, Clothing And Footwear
German multinational automobile manufacturer Bayerische Motoren Werke AG (BMW) is the latest in line to indicate an interest in direct involvement with the Metaverse and the NFT space, as it applies to trademark its logo with intentions to offer NFT-focused services.
Blockchain Group Animoca to Form Metaverse Fund
According to company co-founder and Executive Chairman Yat Siu, Hong Kong-based blockchain gaming group Animoca Brands plans to launch a fund of up to $2 billion to invest in metaverse businesses. Animoca is known for the Sandbox metaverse game that allows users to buy plots of digital land and decorate them using non-fungible tokens (NFT), a digital asset traded on the blockchain. Animoca's investors include Singapore state fund Temasek, GGV Capital of the U.S. and South Korea's Mirae Asset Management, and its latest fundraising valuation is over $5 billion. (Nikkei)
OpenSea CEO: FTX Fallout Is ‘Opportunity’ to Refocus on Trust
OpenSea CEO Devin Finzer discussed the recent FTX collapse and the Solana NFT market with Decrypt. The top NFT marketplace recently announced that it will continue to enforce NFT creator royalties, despite counter moves from some rival platforms. (Decrypt)
Play Casual Games, Win NFTs: Burn Ghost Raises $3.1M for Gaming Platform
<a href="https://www.burnghost.com/" target="_blank">Burn Ghost</a> revealed that it has raised $3.1 million in funding to realize its vision.
NFT Firm Candy Digital Cuts Over a Third of the Company’s Staff
On Monday, Sportico’s sports business reporter Eben Novy-Williams <a href="https://www.sportico.com/business/tech/2022/candy-digital-layoffs-nfts-1234696807/">reported</a> that the NFT firm Candy Digital “is laying off a large chunk of its workforce, according to multiple people familiar with the decision.” Sportico’s article notes that roughly one-third of Candy Digital’s 100 staff members are being let go, the people familiar with the matter detailed.
OpenSea Seaport Protocol Onboards Creators and NFT Holders on BNB Chain
Crypto collectibles and <a href="https://cointelegraph.com/nonfungible-tokens-for-beginners/what-are-nfts-and-why-are-they-revolutionizing-the-art-world">nonfungible token (NFT)</a> marketplace OpenSea announced plans to integrate BNB Chain on Seaport Protocol by the end of Q4 2022. The integration will allow users to buy, list and trade BNB Chain NFTs on the OpenSea marketplace.
Mass Layoffs: Candy Digital, a Gary Vee Backed NFT Startup, Fires One-Third of Its Workforce
According to reports, <a rel="nofollow" href="https://www.candy.com/">Candy Digital</a>, a sports and entertainment <a href="https://coingape.com/tag/nft/">NFT</a> start-up founded in 2021 and valued at $1.5 billion the same year, has laid off a major portion of its workforce.
NFT To Be Lifted From Income Tax Act In India? Read Here
Cryptocurrencies, NFTs, and the Metaverse are terms that you may not yet be familiar with, understand, or have had any personal experience. With so much coverage of these cutting-edge technologies, the rush to invest, and the associated worries about a potential ban in India, it was only a matter of time before the taxman joined the party to make sure that the correct taxes were paid.
Executive Who Brought Time Magazine Into Web3 Is Leaving for MoonPay
Time President Keith Grossman will depart the media brand to join crypto payments startup MoonPay as President of its Enterprise division. Grossman joined Time in 2019 and oversaw its push into NFTs and the metaverse, including its TimePieces Ethereum NFT project. (Decrypt)
Gary Vee-Backed NFT Startup Candy Digital Cuts Staff in Mass Layoffs
Candy Digital, a sports and entertainment NFT startup that was founded in 2021 and rocketed to a $1.5 billion valuation that same year, laid off a large part of its staff today, a source close to the situation confirmed to Decrypt. (Decrypt)
