FAB DAO Launches 'Giving Shape' NFT Drop to Expand Art and Technology in Web3 Space
The Foundation for Art and Blockchain (FAB), a non-profit organization that supports growth in Web3, has launched FAB DAO and the initial NFT drop 'Giving Shape' by ippsketch to foster a more captivating art world on-chain. The new DAO (Decentralized Autonomous Organization) brings together art and technology in the Web 3 space, expanding the reach and potential of FAB's mission by leveraging the power of blockchain technology. The project is a generative, limited-edition collection of 300 NFTs created using the programming language JavaScript, used by web browsers with CSS and HTML, which creates a unique and ever-changing visual experience. FAB DAO aims to bring sales and FAB DAO to the surface, an innovative hub for sharing ideas, democratic decision-making, and networking to bolster the creative sector and back artists on the blockchain.
Square Enix Commits to Blockchain Gaming Despite Backlash and Downturn in Fortunes
Square Enix, the Japanese gaming company behind the popular Final Fantasy series, has confirmed its commitment to blockchain gaming and plans to continue developing blockchain, Web3, and NFT games over the next year. Despite facing criticism for its blockchain pivot, the company aims to become a pioneer in Web3 gaming and will continue to invest globally in this area. Square Enix has also launched an NFT game as part of its Million Arthur series, which has been popular among gamers, with over 75% of NFTs sold and some sets already sold out. However, with the company's turnover falling slightly and almost 1,000 staff members lost, the future of its Web3-related progress remains uncertain, especially with the upcoming regime change as Takashi Kiryu replaces President and CEO Yosuke Matsuda.
"Revolutionizing Education with Web3 Technology: Improving Accessibility, Affordability, and Personalization"
The emergence of Web3 technology presents an opportunity for individual users to have more control over their online activities while still benefiting from its use. In the field of education, Web3 has the potential to offer micro-credentials that can be added to a lifetime portfolio, making them transferable and recognized by all institutions and industries. This could lead to a more level playing field for students, as well as personalized and immersive learning experiences. However, there are challenges to integrating Web3 technologies in education, such as hardware limitations and software security, scalability, and interoperability. It is important to use Web3 wisely to empower and unite learners globally while safeguarding their personal and academic data.
Coca-Cola’s message to brands: Invest in AI, not Web3
Coca-Cola's creative strategy head, Pratik Thakar, advised marketers to invest in artificial intelligence (AI) instead of Web3 technologies like NFTs and the metaverse at AdAge's Web3 Marketing Summit. Thakar argued that AI is more fundamental and has already had a more tangible impact on advertising than Web3 tech. AI is commonly used for data management, and generative AI platforms like Midjourney can create compelling, high-quality images that can help major brands cut down on creative costs significantly. While Web3 is not totally irrelevant, Thakar's message suggests that AI is a more worthwhile investment for marketers.
The Graph: Reading Data, The Web3 Way
Pioneering Decentralized Blockchain Indexing to Build a Better Internet
For Metas: Building an All-in-One Entertainment Ecosystem, Exploring the Future of Web3.0
For Metas is an aggregated application platform dedicated to providing users with a seamless and fun entertainment experience. It is a very promising project that creates a one-stop entertainment eco-platform to explore the future of Web 3.0.
Adidas Takes a Risky Bet on NFTs with High-Profile Web3 Collaboration
Adidas made a unique move in the NFT space by collaborating with Web3-native brands and personalities, including the Bored Ape Yacht Club NFT project, Punks Comic, and NFT influencer gmoney. Despite the risk involved in partnering with pseudonymous creators in a nascent space, Adidas believed in the values behind the collaboration and educated its corporate leadership on Web3. The Into the Metaverse campaign was a success, selling out its primary NFT drop and raising $23 million, and Adidas has continued to build in Web3 with the recent launch of ALTS. Adidas' long history of highlighting emerging cultures and creators made this collaboration a natural fit.
Axie Infinity Launches Card Game on Apple App Store and Sky Mavis Launches NFT Marketplace, Compound Finance Deploys on Arbitrum
Ripple has acquired Metaco, a Swiss-based digital asset custody and tokenization technology provider, for $250 million. Despite the acquisition, Metaco will continue to operate independently as a brand and business unit. Tether has announced its latest investment strategy, which involves allocating up to 15% of its net realized operating profits towards purchasing Bitcoin. Meanwhile, France is welcoming crypto companies fleeing regulatory uncertainty in the US with its crypto service asset provider regime.
Renault Drops Racing Shoe5 NFT Collection with Limited-Edition Sneakers and Exclusive Perks for Enthusiasts
Renault, the renowned French automaker, has launched a new NFT collection called Racing Shoe5, which pays homage to the popular Renault 5 Turbo model from the 1980s. The collection comprises 960 limited-edition 3D art NFTs, each accompanied by a pair of eco-friendly sneakers. The collection also includes an immersive 3D shopping experience and offers exclusive perks and utilities for Renault enthusiasts and collectors. By embracing Web3 and blockchain technology, Renault is demonstrating its commitment to innovation and sustainability. The Racing Shoe5 collection is a testament to Renault's dedication to keeping iconic cars like the R5 Turbo alive on the streets.
