On this week’s publication, examine why the meals and beverage nonfungible token (NFT) market is about to exceed $2 billion by 2032, try the Bruce Lee avatar that has made its method into the metaverse, and the way the British Museum makes use of the digital universe to show world historical past. In different information, learn the way NFT-styled debit playing cards might be the way forward for Web3, and don’t neglect this week’s Nifty Information, that includes Yuga Labs buying a metaverse studio.
Right here’s how large meals and beverage manufacturers are utilizing NFTs: Report
A report by Analysis and Market predicted that the worldwide meals and beverage NFT market will exceed $2 billion by 2032. In response to the report, key supporting elements for the expansion embody blockchain adoption and the demand for NFT transparency and traceability throughout the meals business.
Inside the business, numerous manufacturers like Pizza Hut and Papa John’s have already began dipping their toes into the area after releasing NFT collections.
The Sandbox and the British Museum carry artwork and historical past to the metaverse
Metaverse platform The Sandbox has partnered with The British Museum to create consumer experiences to dive into world historical past. The partnership will enable the museum to generate digital collectibles that replicate numerous collections inside it.
In response to The Sandbox’s co-founder Sebastien Borget, this is a chance for gamers to study human historical past, artwork and tradition by the British Museum.
Bruce Lee avatar to show martial arts within the metaverse
An avatar of well-liked actor and martial artist Bruce Lee will educate martial arts within the metaverse by a tribute occasion. The metaverse platform Byte Dance hosts the occasion in partnership with Bruce Lee’s daughter Shannon Lee.
Customers who minted avatars on Ethereum and Polygon can use their playable characters throughout the Byte Metropolis metaverse to work together with the Bruce Lee avatar. The sport might be performed on desktop and cell gadgets.
NFT-styled debit playing cards the way forward for Web3 — Animoca founder on $30M Hello funding
In an interview with Cointelegraph, Animoca Manufacturers co-founder Yat Siu expressed confidence within the potential of customizable NFT-styled crypto debit playing cards. In response to Siu, that is an instance of the shift towards personalization, the place Web3 can let customers specific themselves in new methods.
Siu’s funding agency has additionally earmarked $30 million for the neobank platform known as Hello. The platform’s crypto-friendly debit card lets customers personalize their bodily playing cards with their NFT avatars.
Nifty Information: Yuga Labs to purchase metaverse studio, Etihad NFT staking to take off and extra
NFT firm Yuga Labs is about to amass Roar Studios, a metaverse-building startup, because it goals to additional its Otherside metaverse. In the meantime, Etihad Airways, one of many two nationwide airways of the United Arab Emirates, has introduced an NFT staking loyalty program known as Horizon Membership.
