Today’s stories in Web3 prove that the capabilities of the blockchain’s aren’t limited to art and entertainment. In fact, various projects from the field of traditional banking, philanthropy, and cybersecurity, are all employing the technology for their operations.
From legacy brands such as Fiat and Atari, to Web3-native newcomers such as Magic Eden, Trader Joe, and Midnight, the space is undoubtedly making a lot of progress as of late. Moreover, reliable blockchains such as Avalanche, Binance Smart Chain, Ethereum, and Polygon, are also continuously nurturing projects in their respective ecosystems.
Lastly, Web3 games are also making some notable developments. Gaming titles and entities that made headlines include Decentraland, Fnatic, Medieval Empires, MetaDOS, MetaX, and Snail Trail, to name a few.
Let’s take a deeper look into the latest events that shape Web3.
- Pioneer video game company Atari will be the first company to utilize Co:Create’s platform for launching and managing native tokens. Essentially, Co:Create provides brands like Atari, with better ways to grow their respective communities. “This is exactly the use case we started Co:Create to serve. We couldn’t be more excited to have Atari as our first partner,” Co:Create CEO Tara Fung stated (VB).
- Italian automobile brand FIAT has launched its Fiat Metaverse Store. The platform is an interactive showroom that features “Product Genius,” a person in the virtual world who will attend to the needs of customers. The project was made possible with the help of Touchcast, a Metaverse-as-a-Service (MaaS) platform built on the Microsoft Cloud (AW).
- Tech giant Apple’s strict new policies against digital assets forced cryptocurrency exchange Coinbase to disable NFT transfer features on the Coinbase Wallet. Prior to that, Apple blocked the company’s latest app release, prompting the platform to completely scrap its NFT offering for iOs mobile operating systems (DC).
- Legendary rapper Snoop Dogg’s son Cordell Broadus has launched a $1 million Champ Medici Arts Fund. The charitable project aims to support artists through blockchain technology. In addition, Broadus will also present the first award to the Russell Simmons-led Rush Philanthropic Arts Foundation at the Art Basel Miami Beach on December 3 (F).
- Polygon ecosystem’s creators Polygon Studios launched a set of limited edition digital Surface Mag covers. The prominent publication focuses on areas such as design, architecture, culture, and travel. On Dec 5, Surface community members will be able to mint 3D Surface NFTs. The digital collectibles represent the themes of Polygon’s “Salon Sessions” (TW).
- Binance Smart Chain-based battle royale/shooter game MetaDOS has announced that Seedify will incubate its project. Seedify is a well-known Web3 gaming focused incubator and launchpad. MetaDOS will receive guidance and support regarding business development, as well as strategies for marketing, tokenomics, and NFTs (MD).
- London-based Esports performance brand Fnatic announced that it has formed a strategic partnership and investment with Hivemind Capital. The crypto-focused investment firm will help Fnatic accelerate their capabilities. This includes partnering with entities, as well as building and scaling Web3 apps on its platform (YF).
- Adventure/strategy game Medieval Empires is setting the stage for the launch of its native token $MEE. The token will be available on the 19th of December. Furthermore, the project also formed a partnership with Polygon Studios to build the game “on the most eco-friendly blockchain” (TW).
- Racing and breeding NFT game Snail Trail has introduced its “Isometric View” feature on the Avalanche network. According to the game’s creators, the new offering will enhance user experience. Among the added advantages of having an isometric view also include providing players with a “more complex view of the race environment” (TW).
- The Arab Esports Federation (ARESF) has announced a partnership with Esports chess tournament and broadcast platform Checkmate. Headquartered in Saudi Arabia, ARESF serves as the governing body for almost 20 Gulf-based Esports teams. The collaboration will allow ARESF to use Checkmate’s blockchain-powered online chess platform (CG).
- Shima Capital, a venture capital firm that supports blockchain startups, has announced an investment in Web3 gaming company Midnight. Recently emerging out of stealth mode, Midnight secured $7.5 million in the Shima-led seed funding round. Midnight is currently working on upcoming titles such as MMO game Legion, 2D pixel brawler Next Protectors, and couch co-op At Your Service (PRN).
- Solana-based NFT marketplace Magic Eden has launched its Open Creator Protocol. According to Magic Eden CEO Jack Lu, the added option will help enforce creator royalties, as well as allow users to “create their own rules of their collection’s trading” (DC).
- Web3 and metaverse developer MetaX recently launched its introductory NFT marketplace. Essentially, the new platform will cater to gaming-related NFT projects on the blockchain. Three inaugural titles included in the project’s release are Axie Infinity, Joyride Games, and NFT Worlds (E).
- NFT project Aniverse has introduced a boost function to its Larva NFT staking service. The new feature is one of the perks for Larva Kids NFT owners. Additionally, the team also plans to offer more benefits such as welcome kits and a Discord server dedicated to Larva Kids NFTs (GNW).
- Web3 entertainment brand Woodies announced that its NFT collection is now available as Linked Wearables in Ethereum-based virtual world Decentraland. Consisting of 9,739 digital collectibles, the project serves as avatars in the metaverse (BW).
Into the Metaverse
- Recently at the New York Times DealBook Summit Social, media giant Meta’s CEO Mark Zuckerberg expressed his optimism for the metaverse. However, the Facebook founder views the future of the virtual world from a more long-term perspective. Zuckerberg also brushed off critics, stating that “skepticism doesn’t bother him too much” since he “had doubters the whole time” (CD).
- Seoul-headquartered banking company Shinhan Bank has opened its “Shinamon” metaverse platform. Basically, the virtual world features various zones covering finance, healthcare, art, and sports. According to Shinhan, the bank ran a five-day test trial of Shinamon in June, which accommodated 85,000 users (FK).
- Cybersecurity training and certification organization Identity Management Institute has launched the Metaverse Security Center. The initiative aims to raise metaverse and Web3 security awareness through its Certified Metaverse Security Consultant (CMSC) training/certification program (PRN).
- South Korean capital market company Daesung Private Equity (a subsidiary of gas and energy conglomerate Daesung) recently launched a 110 billion Korean won (about US$84.5 million) Daesung Metaverse Scale-up Fund. The project will focus its investments in metaverse and blockchain-related startups (FK).
Around the Blockchain
- Avalanche-based decentralized exchange (DEX) Trader Joe has announced its upcoming deployment to Ethereum Layer-2 (L2) solution Arbitrum. Included in this integration is the recently launched Liquidity Book Automated Market Maker (AMM). AMM is a new technology that the platform claims, is a more efficient DEX model compared to its predecessors (JC).
- Russia’s largest bank Sber announced new features for its blockchain platform. The latest addition is the integration of popular crypto wallet MetaMask, which allows users to work with smart contracts and tokens on Sber’s Web3 ecosystem (CT).
- Web3 Antivirus (W3A) has launched as a free open-source Chrome extension, with goals of providing reliable security for the blockchain. The tool is compatible with Ethereum. Additionally, W3A supports crypto wallets such as Metamask, Coinbase Wallet, and BitKeep Wallet, with more to be added in the long run (GNW).
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