Sony is partnering with Theta Labs, a Web3-based video streaming platform, to launch 3D NFTs designed to use with Sony's Spatial Reality Display (SRD). The non-fungible tokens will be available on ThetaDrop, Theta Labs' NFT marketplace; the company aims to showcase rapid adoption of the metaverse.
OpenSea's discord channel was hacked in a phishing scam in the latest security breach. The Scambots used the YouTube NFT art link to entice users to click on the malicious link.
Dubai's Virtual Assets Regulatory Authority (VARA), a cryptocurrency regulator, bought land in The Sandbox metaverse. The "MetaHQ" will be located in the virtual world to make regulatory resources and educational content about crypto assets more accessible to users within the metaverse.
Coinbase launched its NFT marketplace this week, and it is off to a slow start. The site is still undergoing testing, but it opened up to all at noon EDT Wednesday. In its first five hours, it recorded 100 transactions and $60,000 in sales.
Starbucks teased the launch of NFTs in an effort to drive community engagement. The Starbucks app is the second most used app for mobile payments in the U.S., next to Apple Pay, with over 30 million active users in the U.S.
Venture capitalists are backing crypto-based projects, virtual economies, and the Web3 space. Based on Pitchbook data, a total of $10B has gone into these projects in the first quarter of 2022.
Yuga Labs' Otherdeeds NFT minting led to several technical problems, and as a result, the company is now integrating with Ethereum sidechain Polygon.
Kraken, a cryptocurrency exchange, will launch an NFT marketplace with a promise to subsidize Ethereum transaction fees for its users. The company did not say how much it would subsidize.
Axie Infinity's governance token declined by 30% and is now trading at $30.39 over the last seven days. Axie Infinity is also losing users, from 63,000 down to 12,000 in a matter of months.
Hackers stole Bored Ape Yacht Club NFTs in a phishing attack by sharing links of a fake airdrop. The attack was planned on BAYC's one-year anniversary to make the scam look legitimate by increasing the "perceived credibility" of the malicious link.
Afterparty raised $4M for the development of its NFT ticketing platform. Paris Hilton, Zillow co-founder Spencer Rascoff, Inside.com founder and CEO Jason Calacanis, and NBA star Andre Iguodala participated in the round.