This is what happened in Web3 this week

Stay up to date on the latest happenings in the world of Web3 with our weekly recap! From new NFT drops to decentralized finance updates, we've got you covered. Dive into the exciting world of blockchain technology and discover what's new and noteworthy in Web3.

This is what happened in Web3 this week

 

 

The creator of PUBG will release the NFT Metaverse game this year.

The creator of the hugely popular game PlayerUnknown’s Battlegrounds, also known as PUBG, has announced plans to release a new NFT Metaverse game this year. The game is expected to leverage blockchain technology to offer unique and immersive experiences for players. The announcement follows the growing trend of integrating NFTs into gaming, with several notable collaborations underway in the industry.

As the popularity of NFTs continues to rise, more game developers will begin exploring the potential of incorporating them into their games. This presents exciting opportunities for players to earn unique and valuable digital assets while also experiencing new levels of gameplay. With the release of the new NFT Metaverse game from the creators of PUBG, gamers, and crypto enthusiasts alike will eagerly await its launch to see what exciting new features and experiences it will offer.

 

 

Polygon Labs, an Ethereum layer-2 scaling solution provider, has encouraged EU authorities to provide clear guidelines on intelligent contract regulation.

Polygon Labs, the Ethereum layer-2 scaling solution provider, has called for EU regulators to establish clear guidelines regarding smart contract regulation. The move follows the recent call by the European Securities and Markets Authority (ESMA) to develop standard European Union rules on digital assets.

The CEO of Polygon Labs, Jayanti Kanani, emphasized that regulatory clarity would enable developers to innovate with greater confidence while simultaneously providing legal certainty to investors. Polygon has been developing various scaling solutions for the Ethereum network, including the Polygon SDK, which allows developers to build and deploy customized sidechains. The firm has also been actively promoting the adoption of decentralized finance (DeFi) applications and has supported the development of various DeFi projects.

 

 

The Donald Trump Digital Trading Cards Series 2 set is all sold out. The NFTs were priced at $99 each and sold for more than $4.65 million.

The second series of Donald Trump Digital Trading Cards has sold out, according to reports. The non-fungible tokens (NFTs) were priced at $99 each and proved so popular that they generated more than $4.65 million in sales.

The collection included a range of NFTs, from images of Trump to soundbites from his speeches. The popularity of the collection may reflect the continued fascination with the former US president and his legacy, as well as the growing interest in NFTs. The sale also demonstrates the potential for NFTs as a new form of collectible, combining elements of traditional trading cards with the blockchain technology that powers digital assets. With the success of the Donald Trump series, it will be interesting to see what other figures or events may be commemorated in NFT form.

 

 

OKX and Manchester City Captain Lkay Gündoan Launch Metaverse Football Masterclass.

OKX, a leading cryptocurrency exchange, has partnered with Manchester City Captain, Ilkay Gündoğan, to launch a Metaverse football masterclass. The event will take place in a virtual world, allowing fans to interact with the Premier League star in a unique and immersive way. The Metaverse is a virtual reality space where users can engage in various activities and experiences, such as attending concerts or sporting events.

This partnership is a significant step forward in adopting blockchain technology within the sports industry. OKX has been actively exploring the potential of NFTs in sports. This collaboration with Gündoğan is an excellent opportunity to showcase the value of digital assets in the sports industry.

The Metaverse football masterclass is expected to attract fans worldwide, bringing them closer to their favorite players and teams. As blockchain technology continues gaining momentum, we want more collaborations like this.

 

 

Nike, the world’s largest sportswear company, has released its first digital NFT sneaker line on Swoosh.

Nike, the world’s largest sportswear company, has made a big announcement that has caught the attention of sneakerheads and NFT enthusiasts alike. The company has revealed that it will release its first digital NFT sneaker line on Swoosh, a new platform that combines sneaker culture with blockchain technology.

This marks Nike’s entry into the world of NFTs, a move sure to excite brand fans. While details on the release are still scarce, the NFTs are expected to feature some of Nike’s most iconic sneaker designs, allowing collectors to own a piece of the digital sneaker history.

The release of Nike’s digital NFT sneaker line comes at a time when the popularity of NFTs continues to soar, with many artists, musicians, and sports organizations getting in on the trend. As a leader in the sportswear industry, Nike’s foray into NFTs is a significant step in the mainstream adoption of blockchain technology.

 

 

The Smurfs, a famous animated brand, is releasing a unique collection of NFTs.

The Smurfs, the beloved animated brand that has captured the hearts of children and adults alike, is entering the world of NFTs. This unique collection of NFTs will allow fans of the Smurfs to own a piece of their favorite characters in a whole new way.

The NFT market has gained momentum recently, and even established brands like Smurfs are now taking notice. The Smurfs NFT collection will attract much attention from collectors and fans alike, offering a new and exciting way to engage with the brand.

As more and more companies explore the world of NFTs, it will be interesting to see what other beloved characters and brands make their way into the digital world.

 

 

A Hong Kong court has ruled that bitcoins are property.

A recent ruling by a Hong Kong court has declared that Bitcoin is property. This landmark decision sets a precedent for future cryptocurrency cases in the region. The case involved a dispute over Bitcoin that was stored in a trading account.

The court ruled that digital currency has economic value, is not bound by physical limits, and meets the legal definition of property. This decision provides greater clarity on the legal status of Bitcoin in Hong Kong and could have implications for other jurisdictions that have yet to recognize the digital asset formally.

The verdict also signals that courts worldwide are beginning to acknowledge the growing importance of cryptocurrencies and are grappling with how to classify and regulate them within existing legal frameworks.

 

 

Microsoft Azure Marketplace now has a blockchain data on-ramp.

Microsoft Azure Marketplace has recently launched a blockchain data on-ramp to its platform, enabling developers to integrate blockchain solutions with Azure’s existing services. With this new integration, developers can now easily access blockchain services and deploy them to Azure cloud infrastructure.

Microsoft Azure aims to provide its customers with innovative and secure solutions to meet their business needs. The blockchain on-ramp adds to Azure’s growing list of services and reinforces its commitment to providing users with cutting-edge technology options. By offering blockchain as a service, Microsoft Azure Marketplace is making it easier for developers to build and deploy blockchain solutions, streamlining the process and reducing the complexity of blockchain development.

 

 

The Ethereum Name Service now accepts fiat currency for ENS domain registrations.

The Ethereum Name Service (ENS) has recently announced that it will begin accepting fiat currency for ENS domain registrations. Previously, only cryptocurrencies such as Ether and Bitcoin were accepted as payment for ENS domain registrations. This move makes it easier for individuals and businesses to purchase and use ENS domains for decentralized applications, websites, and services.

The ENS is a decentralized domain name service built on the Ethereum blockchain, providing human-readable names for Ethereum addresses. This development represents a significant step towards making blockchain-based services more accessible to mainstream audiences. In addition, ENS’s increased usability and convenience could encourage more widespread adoption of blockchain-based services.

 

 

Yuga Labs, the business behind the Bored Ape Yacht Club NFT collection, has won a partial summary judgment in a California court against Ryder Ripps and Jeremy Cohen.

Yuga Labs, the company responsible for creating the successful Bored Ape Yacht Club NFT collection, has achieved a partial summary judgment against Ryder Ripps and Jeremy Cahen in a California court. The lawsuit, filed by Yuga Labs, accused Ripps and Cahen of violating copyright laws and breaching a contract with the company. The court found that the defendants had indeed infringed upon Yuga Labs’ copyrights and violated the terms of the agreement.

As a result, Yuga Labs was granted a partial summary judgment, which means that some issues in the case have been resolved in the plaintiff’s favor without a full trial. This is a significant win for Yuga Labs and reinforces the importance of intellectual property protection in the NFT space.

 

 

David Maisel, the founder of Marvel Studios, has launched the Ekos Genesis Art Collection.

David Maisel, the founder of Marvel Studios, has recently launched an NFT art collection called The Ekos Genesis Art Collection. The collection consists of 8,888 unique digital art pieces, each with specific characteristics and traits, and it’s exclusively available on the Ethereum blockchain. The group aims to combine art, technology, and environmental sustainability by partnering with conservation organizations and using a carbon-neutral minting process.

The Ekos Genesis Art Collection has gained significant attention from collectors and art enthusiasts, with some pieces selling for over $200,000 at auction. Maisel has expressed his belief that NFTs are the future of art and offer an exciting new avenue for artists to share their work and connect with their audience. With this new venture, Maisel hopes to push the boundaries of what’s possible with NFT art and create a social and environmental change platform.

 

 

Coinbase’s Layer 2 blockchain, Base, has announced plans to launch its mainnet by the end of 2023.

Coinbase aims to provide faster and cheaper transactions for users, making it a more efficient alternative to the Ethereum network. The launch will be a significant step for Coinbase as it looks to expand its reach in the blockchain industry beyond its popular exchange services.

The Base will use a proof-of-stake consensus mechanism, which allows users to validate transactions and earn rewards in return. In addition, the Layer 2 technology enables transactions to be processed off the main blockchain, reducing congestion and increasing scalability.

Coinbase’s CEO, Brian Armstrong, has expressed excitement about the potential of Base, stating that it “could be one of the most important projects we undertake at Coinbase.” With the planned launch still a few years away, the blockchain industry eagerly anticipates the impact that Base could have on the ecosystem.

 

 

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