<div class='adtext'>advertisement</div><div class='ad-300X250'><div id='div-gpt-ad-1653892544834-0'><script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1653892544834-0'); });</script></div></div>

Blockchain

Non-fungible Tokens

<p>In a groundbreaking move, the Fédération Internationale de Football Association (FIFA) has joined forces with blockchain firm Modex to launch its very own non-fungible token (NFT) collection, just in time for the highly anticipated 2023 Club World Cup in Saudi Arabia. This strategic collaboration aims to enhance fan engagement and bring a new dimension to the world of soccer through blockchain technology.</p>

<h3>Exclusive NFT collection and unique opportunities</h3>

<p>The inaugural NFT collection, consisting of 100 tokens, is set to debut on 15 December. Notably, these NFTs offer fans a unique opportunity to secure tickets for the FIFA World Cup 2026 final, adding an extra layer of excitement for soccer enthusiasts. Additionally, 900 digital collectibles will be released on the Polygon network and OpenSea, showcasing memorable moments from the tournament and digital versions of coveted memorabilia.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/cristiano-ronaldo-faces-class-action-lawsuit-over-binance-nft-promotion-allegations-718744-2023-11-30">Cristiano Ronaldo faces legal firestorm in the US over alleged Binance NFT promotion</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>FIFA+ Collect platform on Algorand</h3>

<p>FIFA's NFT platform, FIFA+ Collect, which was launched in September 2022 and operates on the Algorand blockchain, has been the host for 11 NFT drops. Since its inception, the platform has seen the minting of 909,255 digital collectibles and boasts 16,448 holders. However, it's worth noting that the reported $2.4 million in trading volume includes both primary and secondary markets, and FIFA+ Collect Info clarifies that the mint volume might include packs obtained for free in challenges.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/tapsee-pannu-introduces-nft-platform-to-interact-with-true-fans-619803-2023-07-24">Bollywood diva Taapsee Pannu launches NFT platform, fans get a chance to video call the star via the platform</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>Francesco Abbate, CEO of Modex, expressed excitement about the collaboration, stating, "Digital collectibles increase the ways in which fans can interact with their favorite players, teams, and the game they love, and we're honored to support FIFA in realising this goal."</p>

<h3>The FIFA Club World Cup and the future of NFTs in soccer</h3>

<p>The FIFA Club World Cup brings together seven of the world's top football teams, and the champions of FIFA’s six confederations are all participating, states FIFA. The launch of the NFT collection aligns with FIFA's commitment to embracing technological innovations, providing fans with immersive experiences, and creating a bridge between the physical and digital realms of soccer fandom.</p>


The launch of the NFT collection aligns with FIFA's commitment to embracing technological innovations, thereby providing fans with immersive experiences.

FIFA has collaborated with Modex to launch its NFT collection

The inaugural NFT collection, consisting of 100 tokens, is set to debut on 15 December

blockchain

FIFA kicks off digital revolution: Unveils exclusive NFT collection during 2023 Club World Cup

FIFA unveils exclusive NFT collection during 2023 Club World Cup

<p>In a legal twist, global football sensation Cristiano Ronaldo finds himself entangled in a class-action lawsuit filed in a Florida District Court on 27 November. The suit alleges that Ronaldo's collaboration with cryptocurrency exchange Binance has resulted in substantial losses for investors, claiming that he actively participated in promoting the sale of unregistered securities on the Binance platform.</p>

<h3>Binance partnership turns sour</h3>

<p>Ronaldo had been in partnership with Binance for several years, primarily to enhance the popularity of his non-fungible token (NFT) collections. However, the lawsuit contends that this association, coupled with Ronaldo's immense influence, lured unsuspecting investors to Binance, where they were allegedly persuaded to invest in unregistered securities. The focal point of the collaboration was Ronaldo promoting a series of his NFTs on Binance, using his widespread appeal to attract new users to the cryptocurrency exchange.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/cristiano-ronaldo-launches-2nd-nft-collection-titled-forevercr7-the-goat-teams-up-with-binance-608167-2023-07-03">Cristiano Ronaldo launches 2nd NFT collection, teams up with Binance</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>Allegations of influence and demand for justice</h3>

<p>The legal complaint emphasises Ronaldo's extraordinary influence, boasting 850 million followers across various social media platforms, contending that this played a pivotal role in elevating Binance's popularity. It argues that the NFT sales Ronaldo was involved in triggered a staggering 500% increase in searches for "Binance" in the week following the initial sale. Moreover, the accuser suggests that Ronaldo, with his significant investment background and access to top advisors, should have been aware of Binance allegedly selling unregistered crypto securities. The complaint claims that Ronaldo's promotions effectively encouraged investments in these securities by urging his millions of followers to invest with the Binance platform.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/report-claims-nfts-may-become-worthless-in-the-coming-years-682078-2023-09-21">Your NFT investments may end up worthless, new industry report reveals</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>As the legal battle unfolds, three aggrieved investors—Michael Sizemore, Mikey Vongdara, and Gordon Lewis—seek compensation and funds to cover their legal expenses. The implications of this case on both Ronaldo's reputation and Binance's standing in the cryptocurrency world remain uncertain as the dispute navigates the legal landscape.</p>


Cristiano Ronaldo is facing a lawsuit for endorsing unregistered securities on the Binance cryptocurrency platform. The accusers claim that Ronaldo's endorsement of Binance resulted in substantial financial setbacks for investors.

Ronaldo had been in partnership with Binance for several years, primarily to enhance the popularity of his NFT collections

The suit alleges that Ronaldo's collaboration with Binance has resulted in substantial losses for investors

Cristiano Ronaldo faces legal firestorm in the US over alleged Binance NFT promotion

Cristiano Ronaldo faces legal firestorm over alleged Binance NFT promotion

Metaverse

<p>Shemaroo Entertainment Limited, a leading media and entertainment conglomerate, has joined forces with ‘The Sandbox', a decentralised gaming virtual world. The collaboration marks the inception of ‘BharatBox,’ a cultural Metaverse hub showcasing artists and brands from India's vibrant entertainment industry.</p>

<p>Shemaroo Entertainment is making waves in the digital realm, embarking on a venture into digital collectibles and non-fungible tokens (NFTs) through its collaboration with The Sandbox.</p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">🔔 SHEMAROO, INDIA'S LEADING MEDIA &amp; ENTERTAINMENT COMPANY, ANNOUNCES A NEW PARTNERSHIP WITH THE SANDBOX.<a href="https://twitter.com/hashtag/Shemaroo?src=hash&amp;ref_src=twsrc%5Etfw">#Shemaroo</a> <a href="https://twitter.com/hashtag/Thesandbox?src=hash&amp;ref_src=twsrc%5Etfw">#Thesandbox</a> <a href="https://twitter.com/search?q=%24SAND&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$SAND</a> <a href="https://twitter.com/hashtag/CryptoUpdates?src=hash&amp;ref_src=twsrc%5Etfw">#CryptoUpdates</a> <a href="https://t.co/l9cfo12LsX">pic.twitter.com/l9cfo12LsX</a></p>
— COINZDAILY247 (@coinzdaily247) <a href="https://twitter.com/coinzdaily247/status/1725460050947555767?ref_src=twsrc%5Etfw">November 17, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<p>Arghya Chakravarty, Chief Operating Officer at Shemaroo Entertainment, expressed the company's vision: "Our alliance with The Sandbox is a testament to Shemaroo’s plan to bring innovation and embrace the future of entertainment. We plan to bridge the world of Bollywood with the world of the metaverse of BharatBox."</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/metaverse/story/bits-pilani-offers-degree-on-metaverse-platform-to-6600-students-714475-2023-11-21">BITS Pilani: Over 6,600 professionals get their degree on the Metaverse platform, a first-of-its-kind event in India</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>BharatBox: A virtual cultural extravaganza</h3>

<p>BharatBox, nestled within The Sandbox, stands as a cultural Metaverse hub designed to redefine entertainment. This collaborative venture plans to infuse iconic Bollywood intellectual properties (IPs) such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue, and 22 Yards into the Metaverse, offering fans an immersive and virtual engagement experience.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://web3cafe-en.cms-visualstories.intoday.in/wp-admin/post.php?post=27541&amp;action=edit#page=%252237ceb442-4e4a-4595-a3f1-0d684daaadc7%2522">Nothing Phone 2 On Huge Sale During Black Friday 2023</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<blockquote class="at-quotes">
<p>"This partnership is not just about bringing Bollywood to the metaverse but celebrating the cinematic history of India in a space that can redefine the future."</p>

<div class="author">Karan Keswani, CEO of BharatBox</div>
</blockquote>

<h3>A cinematic journey in the Metaverse</h3>

<p>Shemaroo's foray into the Metaverse aligns seamlessly with the cultural richness of BharatBox. The collaboration promises to weave a narrative that not only introduces Bollywood to the Metaverse but also pays homage to India's cinematic heritage, shaping a future where entertainment transcends traditional boundaries.</p>

<p>In summary, Shemaroo Entertainment's collaboration with The Sandbox marks a pivotal moment in the fusion of Bollywood and the Metaverse, creating a space where digital innovation meets the cultural tapestry of India's entertainment landscape.</p>


The collaboration plans to infuse iconic Bollywood intellectual properties (IPs) such as Jab We Met, The Great Gambler, Disco Dancer, Khuda Gawah, Blue, and 22 Yards into the Metaverse.


Shemaroo Entertainment dives into NFTs with The Sandbox partnership

In partnership with BharatBox, this project aims to transform entertainment

Bollywood icons enter Metaverse with Shemaroo's collaboration

metaverse

Bollywood meets Metaverse: Shemaroo Entertainment ventures into Metaverse with The Sandbox collaboration

Meet and greet your Bollywood stars in the Metaverse!

<p>Club Mahindra, a prominent travel and hospitality firm in India, has made a groundbreaking entry into the world of Non-Fungible Tokens (NFTs) with its inaugural series 'Discover India.'</p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Big News! Club Mahindra is proud to launch its first-ever, limited-edition series of NFTs. Now, discover India through digital art. We present 25 AI-generated artworks inspired by iconic paintings and global masterpieces. Click here to own one NOW! <a href="https://t.co/V4UI3zUHvR">https://t.co/V4UI3zUHvR</a> <a href="https://t.co/YNatKXY6IR">pic.twitter.com/YNatKXY6IR</a></p>
— Club Mahindra (@clubmahindra) <a href="https://twitter.com/clubmahindra/status/1718908459121586286?ref_src=twsrc%5Etfw">October 30, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h3>Artistic fusion on the blockchain</h3>

<p>Club Mahindra's 'Discover India' NFT series, launched on the Polygon blockchain, blends the expertise of Artificial Intelligence (AI) with the masterpieces of renowned artists like Pablo Picasso, Vincent van Gogh, and Leonardo Da Vinci.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/interviews/story/tech-mahindra-unveils-project-indus-we-got-in-touch-with-the-man-behind-this-innovation-679090-2023-09-16">India’s homegrown AI: Tech Mahindra's 'Project Indus' could bridge the language gap that plagues ChatGPT | Interview</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>This fusion brings to life 25 unique digital collectibles, each seamlessly merging iconic paintings with must-visit destinations across India. The NFTs, priced between Rs. 10,000 and Rs. 12,000, promise an immersive experience for art and travel enthusiasts alike.</p>

<h3>Exclusive benefits for NFT holders</h3>

<p>Owners of these limited-edition NFTs will not only possess rare digital artworks but also gain access to additional perks related to their travel and vacation plans.</p>

<p>Holders of 'Discover India' NFTs will receive a complimentary two-nights/three-days holiday voucher for Club Mahindra resorts, enhancing their travel experiences and adding tangible value to their digital investments.</p>

<h3>Strategic partnership &amp; India's NFT landscape</h3>

<p>In collaboration with Treasurepack, a leading Web3 solutions company specialising in tokenisation, Club Mahindra brings its NFT vision to fruition.</p>

<p>While India awaits a finalised regulatory framework for cryptocurrencies, Club Mahindra joins a select group of established brands venturing into the NFT sector.</p>

<p>Notable entities such as Skoda, Hiranandani, and Cadbury have paved the way, showcasing the growing interest and innovation within India's evolving digital landscape.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/czech-automobile-giant-launches-skodaverse-india-nft-platform-601934-2023-06-21">Czech automobile giant Skoda Auto launches “Skodaverse India” NFT platform</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>A new era of immersive travel experiences</h3>

<p>"With 'Discover India,' NFTs serve as a gateway for us to provide an immersive experience to our consumers, combining digital collectibles with evolving blockchain technology in India," stated Pratik Mazumder, Chief Marketing Officer of Mahindra Holidays and Resorts India.</p>

<p>This strategic move not only embraces digital innovation but also offers a glimpse into the future of experiential travel, where art, technology, and travel seamlessly converge.</p>


This strategic move not only embraces digital innovation but also offers a glimpse into the future of experiential travel, where art, technology, and travel seamlessly converge.

Club Mahindra's 'Discover India' NFT series has been launched on the Polygon blockchain

Holders of 'Discover India' NFTs will receive a complimentary two-nights/three-days holiday voucher for Club Mahindra resorts

Club Mahinra ventures into web3 with NFT series

Club Mahindra breaks new ground with 'Discover India' NFT series: A journey through digital art

Club Mahindra ventures into NFT space with 'Discover India' series

<p>NFTs, or Non-Fungible Tokens, once sparked excitement as a revolution in the world of crypto and digital art. However, a recent report titled "Dead NFTs: The Evolving Landscape of the NFT Market '' by experts at <a href="https://dappgambl.com/">dapp Gambl&nbsp;</a>reveals a grim reality. Most NFTs have lost their value, and environmental concerns cast a shadow over their future.</p>

<h3>The great NFT crash</h3>

<p>1.The report analysed a whopping 73,257 NFT collections and found that a staggering 95 percent have a market cap of zero Ether (ETH). This means that 95 percent of NFTs are now essentially worthless, a sharp fall from the $17 billion trading volume they achieved during the 2021 bull market frenzy.</p>

<p>&lt;blockquote class="twitter-tweet"&gt;&lt;p lang="en" dir="ltr"&gt;New report from industry researchers finds that 95 percent of the once-hyped crypto assets have hit rock-bottom valuation&lt;a href="https://t.co/fGOmFHuPYG"&gt;https://t.co/fGOmFHuPYG&lt;/a&gt;&lt;/p&gt;&amp;mdash; Rolling Stone (@RollingStone) &lt;a href="https://twitter.com/RollingStone/status/1704634312845312259?ref_src=twsrc%5Etfw"&gt;September 20, 2023&lt;/a&gt;&lt;/blockquote&gt; &lt;script async src="https://platform.twitter.com/widgets.js" charset="utf-8"&gt;&lt;/script&gt;</p>

<p>2.Shockingly, an estimated 23 million investors hold NFTs with no practical use or value.</p>

<h3>Supply vs. demand imbalance</h3>

<p>1.The study also highlighted a vast oversupply of NFTs, with only 21 percent of collections having full ownership.</p>

<p>2.Around four out of every five NFT collections remain unsold, as discerning buyers seek NFTs with real value and purpose.</p>

<h3>The vanishing high prices</h3>

<p>1.While NFTs once made headlines for selling at millions of dollars, today, less than 1 percent are listed for more than $6,000.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read </strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/artificial-intelligence/story/capsule-has-introduces-new-ai-powered-video-editing-tool-to-help-businesses-681892-2023-09-21">Revolutionise video editing with Capsule's AI-powered video editing tool for businesses</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>2.Most of the costliest collections now range between $5 and $100, and almost 20 percent of the "top" collections have a starting price of zero.</p>

<p>3.Such prices may have little to do with actual demand, possibly misleading investors about the true worth of NFTs.</p>

<h3>NFTs' potential evolution</h3>

<p>Despite the gloomy present, the report suggests that <a href="https://www.web3cafe.in/blockchain/nft">NFTs</a> might adapt to survive. They could find a specific function, such as granting access to special events or becoming virtual items in video games.</p>

<h3>The lingering environmental concern</h3>

<p>&nbsp;1.The environmental impact of NFTs remains a significant drawback. They are created and traded on blockchains, which consume energy, and rely on cryptocurrencies with substantial carbon footprints.</p>

<p>2.The report highlights that the carbon emissions from nearly 200,000 NFT collections "with no apparent owners or market share" are equivalent to the annual output of 2,048 houses or 3,531 cars.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/emerging-tech/how-ai-safeguards-wildlife-conservation-copy-64482-21-09-2023">How to Edit a Message on Whatsapp: Simple Steps</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>NFTs, once hailed as the future, now face a stark reality. The majority are virtually worthless, and their environmental cost is concerning. While NFTs may find new roles to play, the boom of 2021-2022 may never return. As we navigate the future, we must balance enthusiasm with environmental responsibility, ensuring that the pursuit of innovation doesn't come at the cost of our planet.</p>


While NFTs have captured the spotlight with high-dollar sales, a report suggests that their perceived value may ultimately rest on shaky ground

Many NFTs have gained attention due to high prices, but their actual value can be questionable 

NFTs represent ownership of digital items, but their worth is often tied to trends and speculation

 The long-term value of NFTs remains uncertain, raising questions about their ultimate worth

Non-Fungible Token (NFT)

Your NFT investments may end up worthless, new industry report reveals

NFTs may become worthless in the future?

<p>In the realm of <a href="https://www.web3cafe.in/cryptocurrency">cryptocurrency</a> and<a href="https://www.web3cafe.in/blockchain"> blockchain</a> technology, Non-Fungible Tokens (NFTs) have carved a unique niche for themselves. With their ability to represent ownership and authenticity of digital assets, NFTs have sparked a revolution in the world of art, collectibles, and digital content. World NFT Day, celebrated on 20 September, is an occasion that pays homage to the innovative potential and meteoric rise of these digital tokens.</p>

<h3>The birth of World NFT Day</h3>

<p>The roots of World NFT Day can be traced back to 20 September, 2017, a pivotal moment in the history of NFTs. Dete Shirley, the Chief Technology Officer of DapperLabs, coined the term ‘Non-Fungible Token.’ This marked the inception of a technology that would redefine the concept of ownership in the digital age.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">
<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/cryptocurrency/story/bollywood-actor-govinda-under-the-radar-of-eow-in-1000-cr-ponzi-scam-alleging-his-involvement-678522-2023-09-15">Govinda under scrutiny: Bollywood star's link to ₹1,000 crore cryptocurrency scam revealed</a></li>
</ul>

<div>&nbsp;</div>

<div id="tab-video-wrapper-plugin">However, the journey to World NFT Day involves another significant layer. In May 2014, Kevin McCoy and Anil Dash made history by creating the very first NFT known as ‘Quantum.’ This experimental NFT featured a video clip created by Jennifer, McCoy's wife. They never knew that this innovation would lay the groundwork for a digital revolution.</div>
</div>
</div>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>The meteoric rise in NFT market cap</h3>

<p>Since its humble beginnings, the NFT market has experienced an astonishing surge. Its ecosystem has grown from a niche segment of the blockchain world to a multi-billion-dollar industry. According to the report from Skyquest, NFT market size was valued at $16 billion (approx Rs.1.33 lakh crores) in 2021 and is poised to grow from $21.39 billion (approx Rs. 1.77 lakh crore) in 2022 to $212 billion (approx Rs. 17.64 lakh crore) by 2030, growing at a CAGR of 33.7% in the forecast period (2023-2030).</p>

<p>&lt;blockquote class="twitter-tweet"&gt;&lt;p lang="en" dir="ltr"&gt;Unearthing the First NFT - A Blockchain Art Odyssey 🚀&lt;br&gt;&lt;br&gt;The NFT universe, as we know it today, was largely shaped by Ethereum. But rewind to the early days, and you&amp;#39;ll find a hidden gem - the birth of Quantum in 2014, courtesy of Kevin McCoy.&lt;br&gt;&lt;br&gt;Quantum: A Timeless Artwork 🎨… &lt;a href="https://t.co/dJoH1NtbAy"&gt;pic.twitter.com/dJoH1NtbAy&lt;/a&gt;&lt;/p&gt;&amp;mdash; Marble Connoisseur 🕵️ (@MarbleCardsInfo) &lt;a href="https://twitter.com/MarbleCardsInfo/status/1701578348231541001?ref_src=twsrc%5Etfw"&gt;September 12, 2023&lt;/a&gt;&lt;/blockquote&gt; &lt;script async src="https://platform.twitter.com/widgets.js" charset="utf-8"&gt;&lt;/script&gt;</p>

<p>One of the key drivers of this growth is the disruptive impact of NFTs on traditional industries. Artists, musicians, athletes, and creators of all kinds have found a new way to monetise their digital creations.</p>

<h3>NFT’s: Beyond collectibles</h3>

<p>World NFT Day goes beyond celebrating a specific date; it is a testament to the transformative power of NFTs. These tokens are not limited to collectibles but are changing the way we interact with digital content, art, and entertainment.</p>

<p>The <a href="https://www.web3cafe.in/blockchain/nft">NFT</a> ecosystem has introduced innovative concepts like decentralised finance (DeFi) and blockchain gaming. Virtual real estate, in-game assets, and virtual goods have all become sought-after NFTs, pushing the boundaries of what these tokens can represent.</p>

<h3>The future of NFTs</h3>

<p>As World NFT Day unfolds, it also invites us to look ahead. The NFT space continues to evolve, with concepts like fractional ownership, dynamic NFTs, and enhanced utility gaining traction. NFTs are no longer confined to being collectibles; they are becoming integral to the metaverse, where physical and digital worlds converge.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/emerging-tech/how-to-backup-iphone-data-for-ios-17-update-63783-18-09-2023">Tips to Backup Your iPhone Data for iOS 17 Upgrade</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>In short, World NFT Day is a celebration of the past, present, and future of NFTs. It acknowledges the trailblazers who have shaped this ecosystem and the creators who continue to redefine digital ownership.</p>


World NFT Day, observed on 20 September, is a global celebration that pays tribute to the revolutionary impact of Non-Fungible Tokens (NFTs). These digital tokens have reshaped how we perceive ownership and authenticity in the realms of art, collectibles, and digital content.


The roots of World NFT Day can be traced back to 20 September, 2017, a pivotal moment in the history of NFTs

Since its inception, NFT market has experienced an astonishing surge

NFT with their ability to represent ownership and authenticity of digital assets have sparked a revolution

World NFT Day

World NFT Day: Why we celebrate & its significance in tech

World NFT Day to be celebrated on 20 sept

<p>Web3Assam, in partnership with Colours of India, is gearing up for the celebration of <a href="https://www.web3cafe.in/blockchain/nft">World NFT Day 2023</a> on 20 September. This event, which promises to be a day of discovery and immersion into the world of Non-Fungible Tokens (NFTs) and web3 technology, will take place in the vibrant city of Guwahati, Assam.</p>

<h3>Uniting the web3 community</h3>

<p>World NFT Day is a global celebration that unites the entire web3 community, including creators, innovators, experts, and enthusiasts. It's a platform to collaborate, showcase, and celebrate the transformative potential of NFTs. In collaboration with Colours of India, Web3Assam has crafted an agenda that caters to everyone, from newcomers to seasoned NFT experts.</p>

<p>&lt;blockquote class="twitter-tweet"&gt;&lt;p lang="en" dir="ltr"&gt;GM!&lt;a href="https://twitter.com/coi_nft?ref_src=twsrc%5Etfw"&gt;@coi_nft&lt;/a&gt; is doing a massive World NFT Day celebration and pan-Indian decentralised exhibition of 100 of the most prominent artists in the Indian NFT space. 🥳👀&lt;br&gt;&lt;br&gt;We are excited to announce &lt;a href="https://twitter.com/Web3Assam?ref_src=twsrc%5Etfw"&gt;@Web3Assam&lt;/a&gt; as our partners for the event! &lt;br&gt;Web3 Assam is a community initiative by… &lt;a href="https://t.co/HYywW6VGg2"&gt;pic.twitter.com/HYywW6VGg2&lt;/a&gt;&lt;/p&gt;&amp;mdash; Colours of India NFT / COI DAO (@coi_nft) &lt;a href="https://twitter.com/coi_nft/status/1702202125512773726?ref_src=twsrc%5Etfw"&gt;September 14, 2023&lt;/a&gt;&lt;/blockquote&gt; &lt;script async src="https://platform.twitter.com/widgets.js" charset="utf-8"&gt;&lt;/script&gt;</p>

<h3>NFTs for beginners workshop</h3>

<p>The afternoon session will kick off with an informative and interactive ‘NFTs for Beginners Workshop.’ This workshop is designed to introduce newcomers to the world of NFTs, offering essential insights into creating, purchasing, and owning NFTs. Tezos, a blockchain platform, will take center stage, highlighting its role in the art and cultural NFT space.</p>

<h3>A night of inspiration</h3>

<p>As the sun sets, the event transitions into an evening filled with inspiration and meaningful discussions. Attendees will have the chance to explore a vibrant NFT Exhibition featuring diverse artworks and digital collectibles from across the country.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/artificial-intelligence/story/sap-lab-india-ambition-to-double-ai-talent-by-2024-679864-2023-09-18">Doubling AI talent - SAP Labs India's ambitious 2024 vision</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>Moreover, a distinguished panel of industry experts, influencers, and creators will engage in thought-provoking conversations about the profound impact and boundless potential of NFTs.</p>

<h3>Empowering through web3 technology</h3>

<p>Web3 technology holds the potential to be a game-changer for the Northeast region of India, known for its rich diversity with over 220 ethnic groups. Dhrupad Das, a Web3 Lawyer at PANDA Law, highlights how this technology can create economic opportunities, transforming the region from being an exporter of traditional products to a global exporter of Intellectual Property.</p>

<p>Web3 technology builds digital communities that transcend geographical boundaries, opening new avenues for growth, financial empowerment, and positioning the region at the forefront of innovation in the global economy.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/artificial-intelligence/five-big-tech-firms-hiring-genai-engineers-in-india-63725-18-09-2023">Five Big Tech Firms Hiring GenAI Engineers in India</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>The collaboration between Web3Assam and Colours of India to celebrate World NFT Day signifies a significant step in embracing the potential of NFT’s and Web3 technology. It’s not just a celebration but an exploration of how these innovations can empower communities and drive economic growth.</p>


World NFT Day is a global celebration uniting the web3 community to showcase NFTs' transformative potential. Web3Assam and Colours of India have a diverse agenda for newcomers and seasoned NFT enthusiasts


Web3Assam and Colours of India are set to host World NFT Day celebration in Guwahati, Assam on 20 September

World NFT Day brings together the global web3 community, from creators to enthusiasts

An interactive workshop from Tezos introduces newcomers to NFT’s

World NFT Day, Sept 20

Web3Assam & Colours of India join forces to commemorate World NFT Day on 20 Sep

<p>Binance, a prominent cryptocurrency exchange, has announced the discontinuation of its support for non-fungible token (NFT) features, with a particular focus on Polygon-based NFTs. From 9 September, Binance will cease its assistance for NFT-related services, and by 26 September, Polygon-based NFTs will no longer be available for purchase on the platform, with all existing listings being cancelled on that date and these assets will be returned to their account after 28 September. Users are urged to withdraw their Polygon NFTs by 31 December.</p>

<h3>Binance shuts down Sandbox NFT staking programme</h3>

<p>Furthermore, Binance will also terminate its Sandbox NFT Staking Programme, which allowed users to stake LAND tokens and earn SAND rewards within the popular Polygon-based Metaverse game, The Sandbox. The staking programme will conclude on 26 September and on 27 September, Binance will automatically unstack users' LAND NFTs. These tokens will be returned to users' Binance accounts on 28 September, along with the final staking rewards.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/grab-super-app-dives-into-web3-nft-for-customers-674815-2023-09-08">Southeast Asia's Grab ‘Super App’ dives into Web3 &amp; NFT</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>Binance attributes these service reductions to a process of evaluation and consideration, as part of its broader efforts to streamline its offerings. However, the company did not elaborate on whether factors such as trading volumes or user demand influenced these decisions.</p>

<p>Binance initially launched its NFT marketplace in April 2021, introduced support for Polygon-based NFTs on 8 March 2023 and rolled out its Sandbox staking programme just over a month later on 28 April 2023. Consequently, each of these features had a relatively short lifespan, being available to customers for six months or less.</p>

<h3>Binance's focus shifts from NFTs</h3>

<p>It's worth noting that Binance has no plans to delist Polygon's MATIC token from its main exchange. MATIC is a significant cryptocurrency, ranking 14th by market capitalisation, with a total supply valued at $5.05 billion. Despite a slight 1.7% decrease over 24 hours, MATIC remains actively traded on Binance, with the exchange handling a substantial portion of its trading volume, particularly on 8 September, where it accounted for at least $37 million of MATIC's $181 million trading volume.</p>

<p>In short, Binance is discontinuing its NFT-related services, including support for Polygon-based NFTs and its Sandbox NFT Staking Program, as part of its efforts to streamline its offerings, while continuing to support the MATIC token on its platform.</p>


Binance ends NFT support, including Polygon, on 9 September. Users are urged to withdraw Polygon NFTs by 31 December.


Binance phases out NFT support, focuses on streamlining services

Sandbox NFT staking programme and MATIC trading remain strong

Binance ends support from Sandbox NFT staking

Binance discontinues support for Sandbox NFT staking & aims to phase out all Polygon NFT support in future

<p>Ride-hailing application, Grab, is offering something unique to its users from the world of web3. The company has decided to introduce digital wallets to enable blockchain reward programs, and even pay customers with NFTs.</p>

<p>It has also partnered with MAS (marketing analysis system) to launch NFT vouchers for a variety of popular restaurants and experiences in Singapore.</p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">I got back to Singapore to find that Grab (the Uber of SE Asia) has added web3 payments / NFT support!<br />
<br />
This is a huge deal as Grab is one the largest consumer apps in the region.<br />
<br />
It also explicitly mentions regulator approval for this initiative.<br />
<br />
Breaking it down 👇 <a href="https://t.co/smIUoAOa22">pic.twitter.com/smIUoAOa22</a></p>
— Tom Howard (@_TomHoward) <a href="https://twitter.com/_TomHoward/status/1700043433652683133?ref_src=twsrc%5Etfw">September 8, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<p>Grab has over 34 million monthly active users in Southeast Asia. As of quarter three 2023, Grab is available in more than 500 cities. It also offers other services like food delivery, package delivery, and online payment.</p>

<p>Potential future direction Grab has been testing Web3 services in Singapore for a while now, so it could be a sign that they're getting ready to roll them out to other markets.</p>

<p>This move could open up a lot of new possibilities for Grab and its users as many other companies are adopting emerging technologies to enter new markets.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/casio-enters-into-metaverse-with-free-nfts-invites-community-to-design-virtual-g-shock-watches-674758-2023-09-08">Casio ventures into Metaverse with free NFTs, invites community to design virtual g-shock watches</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>Monetary Authority of Singapore pilot Grab was part of a pilot study by the MAS that looked at different types of digital assets, like digital currencies from central banks, bank deposits that are tokenised and stablecoins. It's a sign that Grab is really pushing the boundaries of what's possible in the digital world.</p>

<p>Escrow agreements experiment Grab has decided to collaborate with Amazon and Fazz, a financial services provider in Southeast Asia, to test out escrow agreements for a new payment system called Purpose Bound Money. This is a sign that Grab is open to trying out new payment solutions and financial tech.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/coca-cola-unveils-masterpiece-nft-collection-632610-2023-08-16">Coca-Cola unveils unique "MasterPiece" NFT collection on Base blockchain</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>Grab’s involvement in these efforts shows its dedication to digital transformation and exploring new technologies that can improve its offerings and user experience.</p>


Grab, the popular ride-hailing app has jumped on the trending Web3 bandwagon and now provides its users with many blockchain-powered features

Grab has partnered with the Monetary Authority of Singapore to introduce NFTs

Grab boasts a substantial user base of approximately 34.9 million monthly transactional users across Southeast Asia

Grab partnered with Amazon and Fazz, has conducted experiments involving escrow agreements for Purpose bound money

Grab ride-hailing app enters the web3 ecosystem

Southeast Asia's Grab ‘Super App’ dives into Web3 & NFTs, to offer services to 35 million riders

Southeast Asia's Grab ‘Super App’ dives into Web3 & NFT

<p>Japanese electronics giant Casio is embracing the Metaverse through a novel blockchain-based initiative, Virtual G-Shock, in partnership with Polygon Labs. This unique endeavor aims to foster community collaboration and creativity by introducing Virtual G-Shock watches into the virtual world.</p>

<h3>Casio's Metaverse entry</h3>

<p>Casio is embarking on a Metaverse journey by launching Virtual G-Shock, a community co-creation programme. This initiative is geared towards engaging the community in designing and showcasing Virtual G-Shock watches within the Metaverse.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/google-updates-advertising-policy-for-nft-games-imposing-restrictions-on-gambling-related-titles-674338-2023-09-07">Google updates advertising policy for NFT games, imposing restrictions on gambling-related titles</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>Free-to-mint G-Shock Creator Pass NFTs</h3>

<p>To kickstart the programme, Casio is offering a collection of 15,000 G-Shock Creator Pass NFTs that can be minted for free. Holders of these NFTs will gain access to the Virtual G-Shock program's Discord channel, where they can participate in a co-creation competition to design unique variants for the passes. The winning design will be chosen through a community vote.</p>

<h3>Casio's NFT distribution</h3>

<p>Casio plans to distribute these NFTs via its official website, commencing with an initial claim window for users with a Casio ID from 23-26 September. Subsequently, a public minting phase will be open from 26-29 September. These NFTs will be minted on Polygon, a prominent Ethereum scaling network.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/lufthansa-latest-venture-into-web3-lets-users-covert-their-boarding-passes-into-nfts-670994-2023-09-01">Lufthansa steps into the web3 realm, lets users create NFTs from boarding passes</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>Expanding G-Shock in the virtual world</h3>

<p>Takahashi Oh, Senior General Manager of Casio's timepiece division, stated that the initiative aims to introduce the iconic G-Shock watch brand, which has shipped over 100 million devices since its debut in 1983, to the Metaverse and interactive online environments. Casio envisions developing virtual wearables in collaboration with the Metaverse community.</p>

<h3>Creating a virtual presence</h3>

<p>Casio's Virtual G-Shock Project seeks to enhance the G-Shock brand's presence in the virtual and web3 worlds while cultivating a culture of wearing watches in virtual spaces. The company aims to see avatars adorned with wristwatches and G-Shocks, mirroring the real world.</p>

<p>Casio's foray into the Metaverse through the virtual G-Shock Project demonstrates its commitment to innovation and community involvement. By offering free NFTs and inviting the community to design virtual G-Shock watches, the company aims to bridge the gap between the physical and digital worlds, ultimately creating a unique Metaverse experience.</p>


Casio's forays into the digital space through the virtual G-Shock project demonstrates its commitment to innovation and community involvement. 

Casio is embarking on a Metaverse journey by launching Virtual G-Shock, a community co-creation programme

To kickstart the programme, Casio is offering a collection of 15,000 G-Shock Creator Pass NFTs that can be minted for free

Casio ventures into virtual space with free NFTs

Casio ventures into Metaverse with free NFTs, invites community to design virtual g-shock watches

Casio ventures into Metaverse with free NFTs

<p>In a significant move, Google is set to update its advertising policy for cryptocurrency-related content, allowing advertisers to promote blockchain video games utilising non-fungible tokens (NFTs). However, there are notable limitations and restrictions, particularly concerning games involving gambling and token staking. This policy adjustment is a part of Google's ongoing efforts to create a regulated environment within the emerging blockchain and NFT gaming space.</p>

<h3>Promotion of NFT games allowed, but with restrictions</h3>

<p>Starting 15 September, Google will permit the creation of ads for blockchain games that offer in-game items, cosmetics, weapons, and other virtual assets as NFTs. This inclusion aims to embrace the growing popularity of NFTs in the gaming world, allowing developers to market their NFT-powered games.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/lufthansa-latest-venture-into-web3-lets-users-covert-their-boarding-passes-into-nfts-670994-2023-09-01">Lufthansa steps into the web3 realm, lets users create NFTs from boarding passes</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>Restrictions on gambling-related &amp; staking games</h3>

<p>However, Google's updated policy imposes strict limitations on games that involve gambling elements or token staking rewards. Games that enable players to wager or stake NFTs in the hope of winning real-world value, including additional NFTs, will not be allowed to advertise on the platform. This move underscores Google's commitment to preventing the promotion of potentially risky gambling mechanics.</p>

<h3>Prohibitions on social casino &amp; real money gambling games</h3>

<p>Moreover, the policy explicitly prohibits ads for "social casino games" that reward users with NFTs and any "real money gambling" games. Additionally, games that allow users to lock up or stake their crypto or NFT assets to earn more cryptocurrency over time will also face advertising restrictions.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/coca-cola-unveils-masterpiece-nft-collection-632610-2023-08-16">Coca-Cola unveils unique "MasterPiece" NFT collection on Base blockchain</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>Differentiating between NFT-enhanced gameplay &amp; gambling mechanisms</h3>

<p>This policy update signifies Google's ability to distinguish between NFT games where NFTs merely enhance gameplay and those where NFTs facilitate gambling mechanics. Google's recent rules for the Google Play Store for Android developers, introduced in July, mirror this approach. Developers are permitted to incorporate NFTs into their games, provided they steer clear of incorporating gambling mechanics and prohibit the sale of NFT "bundles" through gacha or loot box-style mechanisms.</p>

<p>In conclusion, Google's evolving stance on blockchain and NFT gaming reflects its commitment to embracing innovation while safeguarding users from potentially harmful elements. By setting clear boundaries and enforcing them, the tech giant aims to strike a balance between open access and responsible regulation within this rapidly evolving digital landscape.</p>


Google's evolving stance on blockchain and NFT gaming reflects its commitment to embracing innovation while safeguarding users from potentially harmful elements. 

Starting 15 September, Google will permit the creation of ads for blockchain games that offer in-game items, cosmetics, weapons, etc., as NFTs

However, its updated policy imposes strict limitations on games that involve gambling elements or token staking rewards

Google updates advertising policy for NFT games

Google updates advertising policy for NFT games, imposing restrictions on gambling-related titles

<p>Lufthansa, one of Europe's major airline groups, has taken a leap into the world of <a href="https://www.web3cafe.in/blockchain/nft">non-fungible tokens (NFTs)</a> with its new loyalty programme on the Polygon Network. This exciting initiative allows passengers to transform their flights into unique NFTs, which can, in turn, unlock a treasure trove of rewards like miles and access to exclusive business lounges.</p>

<p>Let's delve deeper into this fascinating development.</p>

<h3>Uptrip mobile app: Your ticket to NFT rewards</h3>

<p>On 31 August, Lufthansa unveiled the Uptrip mobile application, a collaborative project between Lufthansa Innovation Hub, the airline group's digital innovation arm, and Miles &amp; More, Lufthansa's frequent flyer programme.</p>

<p>The Uptrip app is designed to make NFTs easily accessible to airline passengers.</p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">🛫Lufthansa's <a href="https://twitter.com/Uptrip_app?ref_src=twsrc%5Etfw">@Uptrip_app</a> loyalty program is building <a href="https://twitter.com/hashtag/onPolygon?src=hash&amp;ref_src=twsrc%5Etfw">#onPolygon</a> to turn flights into rewards<br />
👉🏽Collect NFT trading cards for every flight and claim rewards<br />
<br />
Learn more about the new Miles &amp; More and <a href="https://twitter.com/LHInnovationHub?ref_src=twsrc%5Etfw">@LHInnovationHub</a> experience: <a href="https://t.co/MjQihK8xUx">https://t.co/MjQihK8xUx</a> <a href="https://t.co/JfUEoUJxNR">pic.twitter.com/JfUEoUJxNR</a></p>
— Polygon (Labs) (@0xPolygonLabs) <a href="https://twitter.com/0xPolygonLabs/status/1697161129208819771?ref_src=twsrc%5Etfw">August 31, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h3>How it works: Turning boarding passes into NFTs</h3>

<p>With the Uptrip app, travellers can scan their boarding passes, effectively converting them into NFT trading cards. To create and transfer their Uptrip NFTs, users simply need to connect their cryptocurrency wallets within the app.</p>

<p>Here's the exciting part: When passengers collect specific NFT sets, they become eligible for a range of enticing rewards. These rewards may include flight upgrades, access to luxurious airport lounges, coveted frequent flyer status, or even generous award miles.</p>

<h3>Embracing web3: Lufthansa's innovative approach</h3>

<p>Kristian Weymar, an executive at Lufthansa Innovation Hub, emphasised the early stages of web3 adoption, acknowledging that potential users are curious but somewhat hesitant to fully dive in. Lufthansa's pioneering project aims to bridge this gap and make Web3 technology accessible to its customers.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/press-release/story/ccl-partners-with-ibf-google-polygon-to-introduce-web3-sandbox-628484-2023-08-08">Introducing the CCL web3 Sandbox: Revolutionising the blockchain landscape</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>Strong interest &amp; enthusiasm</h3>

<p>Christopher Siegloch, Head of Programme Development at Miles &amp; More, expressed excitement about Uptrip's reception. Over 20,000 individuals have already signed up for the programme, and an impressive 200,000 NFT trading cards have been minted, showcasing the genuine interest and enthusiasm surrounding this innovative loyalty program.</p>

<h3>A glimpse into the future of airlines &amp; web3</h3>

<p>This move by Lufthansa echoes a broader trend in the airline industry, as several players are exploring the integration of Web3 technologies into their operations.</p>

<p>Earlier this year, Emirates, the largest airline company in the United Arab Emirates, revealed its plans to accept Bitcoin payments and venture into the world of NFTs. It's clear that the airline industry is embracing the potential of Web3, opening doors to exciting new business opportunities.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/secs-landmark-move-first-enforcement-action-targets-unregistered-nft-project-669322-2023-08-29">SEC's landmark move: First enforcement action targets unregistered NFT project</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>In short, Lufthansa's foray into NFTs through the Uptrip mobile app marks a bold step forward, promising passengers a unique and rewarding travel experience.</p>

<p>As Web3 technology continues to evolve, it's exciting to see how airlines are innovating to provide more value and engagement to their customers.</p>


Lufthansa's NFT loyalty program on Polygon lets passengers turn boarding passes into NFTs for flight upgrades and more, reflecting a broader airline industry trend toward web3 tech.


Lufthansa introduces an NFT-based loyalty programme for passengers to exchange boarding passes for rewards

The Uptrip app makes this process easy, enabling users to create NFTs from boarding passes and earn perks like flight upgrades

The airline’s initiative aligns with a broader trend in the airline industry, as more airlines explore web3 technologies for innovative business models

Lufthansa forays into web3 realm

Lufthansa steps into the web3 realm, lets users create NFTs from boarding passes

Lufthansa forays into web3: Introduces NFT boarding passes for travellers

<p class="text-align-justify">Casio, the iconic watch brand, is embarking on a significant journey into the realm of web3 technology. The company has taken a notable stride by filing a fresh trademark application that covers virtual items, NFTs (non-fungible tokens), and Metaverse services.</p>

<p class="text-align-justify">Casio's trademark filing signifies its strategic intent to step into the flourishing digital asset arena. This move aligns with the trend of luxury brands exploring opportunities in blockchain-powered experiences.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/coca-cola-unveils-masterpiece-nft-collection-632610-2023-08-16">Coca-Cola unveils unique "MasterPiece" NFT collection on Base blockchain</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3 class="text-align-justify">What digital offerings will Casio provide?</h3>

<p class="text-align-justify">On 22 August 2023, Casio submitted a comprehensive trademark application to the United States Patent and Trademark Office (USPTO). The application outlines Casio's plans to offer a variety of digital offerings, including virtual watch designs, clothing, and accessories; digital hairstyles and animated avatars; NFT-authenticated images, videos, and audio; virtual reality and augmented reality content; and software for managing virtual items and digital currencies.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en"><a href="https://twitter.com/hashtag/Casio?src=hash&amp;ref_src=twsrc%5Etfw">#Casio</a> is coming to the <a href="https://twitter.com/hashtag/Metaverse?src=hash&amp;ref_src=twsrc%5Etfw">#Metaverse</a> with <a href="https://twitter.com/hashtag/NFTs?src=hash&amp;ref_src=twsrc%5Etfw">#NFTs</a> and <a href="https://twitter.com/hashtag/Virtual?src=hash&amp;ref_src=twsrc%5Etfw">#Virtual</a> goods!<br />
<br />
The company has filed a trademark application covering:<br />
<br />
▶️ Virtual clothing + watches<br />
▶️ NFT-backed media<br />
▶️ Robots with AI<br />
▶️ Stores for virtual goods<br />
…and more!<a href="https://twitter.com/hashtag/WEB3?src=hash&amp;ref_src=twsrc%5Etfw">#WEB3</a> <a href="https://twitter.com/hashtag/NFTs?src=hash&amp;ref_src=twsrc%5Etfw">#NFTs</a> <a href="https://twitter.com/hashtag/AI?src=hash&amp;ref_src=twsrc%5Etfw">#AI</a> <a href="https://twitter.com/hashtag/NFT?src=hash&amp;ref_src=twsrc%5Etfw">#NFT</a> <a href="https://twitter.com/hashtag/Trademarks?src=hash&amp;ref_src=twsrc%5Etfw">#Trademarks</a> <a href="https://t.co/RMu1FozfLg">pic.twitter.com/RMu1FozfLg</a></p>
— Mike Kondoudis (@KondoudisLaw) <a href="https://twitter.com/KondoudisLaw/status/1696159161841500365?ref_src=twsrc%5Etfw">August 28, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<h3 class="text-align-justify">Watches &amp; the Metaverse trend</h3>

<p class="text-align-justify">Casio's decision to embrace web3 technologies falls in line with similar moves by other prominent watchmakers. For instance, Rolex has taken steps to secure trademarks connected to NFTs and Metaverse-related products and services.</p>

<p class="text-align-justify">Hublot, on the other hand, engaged in a collaboration with Takashi Murakami to create a collection of watches that are closely linked to NFTs.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/cryptocurrency/story/angry-birds-brd-token-lands-on-mexc-opening-doors-to-secure-dynamic-metaverse-trading-648448-2023-08-25">Angry Birds' BRD token lands on MEXC, opening doors to secure &amp; dynamic Metaverse trading</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">Furthermore, Timex joined forces with Daz 3D to introduce watches accompanied by complementary NFT designs. As luxury brands make their foray into the Metaverse, watchmakers are strategically navigating this new digital landscape by seamlessly merging virtual experiences with their well-established brand identities.</p>

<h3 class="text-align-justify">Venturing into digital collectibles</h3>

<p class="text-align-justify">Casio also plans to expand into virtual fashion and avatar modification, allowing users to dress up their avatars in a range of clothes, accessories, and styles in Metaverse locations and games. The company also hopes to deliver special NFTs and Metaverse privileges to watch owners and fans who value the brand by launching web3 rewards programmes.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://web3cafe-en.cms-visualstories.intoday.in/wp-admin/post.php?post=19097&amp;action=edit#page=%2522f1bd71af-ab18-4da6-ac5b-5cda241c9ccb%2522">Top 3 Profitable Cryptos Today as Market Booms</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">Casio's goal with these dynamic web3 designs is to seamlessly merge digital experiences into its actual products, appealing to both traditional and digitally capable customers.</p>

<p class="text-align-justify">By envisioning its web3 future, Casio crafts immersive digital encounters that continue its legacy of blending innovation with style. This guarantees that Casio remains responsive to changing customer desires for digital ownership, social relationships, and self-expression.</p>


Casio plans to offer digital products like virtual watch designs, clothing, accessories, NFT-authenticated images, NFT-authenticated videos, and augmented reality content.


Casio submits a USPTO trademark application on 22 august, 2023

The company plans to offer digital products like virtual watches, clothing, NFT-authenticated content, etc

Rolex secures trademarks for NFTs & Metaverse products

Casio's Metaverse move

Watch brand Casio ventures into NFTs & Metaverse with new trademark; here’s what you can buy

Famous watchmaker Casio steps into NFTs & Metaverse world

<p>In a significant move, the U.S. Securities and Exchange Commission (SEC) has announced its inaugural enforcement action against a <a href="https://www.web3cafe.in/blockchain/nft">non-fungible token</a> (NFT) project for operating as unregistered securities. The case was resolved with Impact Theory, the issuer of these NFTs, which agreed to a series of penalties.</p>

<h3>Impact Theory settles with SEC</h3>

<p>The SEC's action centered on NFTs issued by Impact Theory, which the regulatory body deemed unlicensed securities. Impact Theory opted to settle the case, accepting a cease-and-desist order, payment of $6.1 million in penalties, and the commitment to destroy all remaining NFTs within their control. Furthermore, the company will waive any royalties derived from secondary market NFT sales.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/former-opensea-manager-convicted-of-insider-trading-639014-2023-08-23">Former OpenSea manager found guilty of insider trading, receives 3 months in prison &amp; $50K fine</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>The Founder's Keys &amp; marketing practices</h3>

<p>Impact Theory's NFTs, known as "Founder's Keys," were sold in three tiers in 2021. The SEC complaint highlights that the company marketed these NFTs as investments into its business, suggesting that investors would profit from their purchases if the company succeeded in its endeavors. Impact Theory drew parallels, likening itself to the early days of Disney and implying that owning a Legendary tier NFT was akin to investing in "Steamboat Willie."</p>

<h3>SEC's stance on NFTs as securities</h3>

<p>This enforcement action raises questions about whether the SEC broadly categorises NFTs as securities offerings. The focus of the complaint was on the marketing tactics and the stated use of proceeds rather than the nature of the NFTs themselves. Some NFT projects, like NBA Top Shot, maintain that their products are collectibles and not investments designed to build intellectual property for entertainment companies.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also Read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/story/fbi-warns-of-nft-scam-629048-2023-08-09">FBI warns of rising NFT scams &amp; evolving crypto fraud tactics; here’s how you can keep safe</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>However, two SEC commissioners, Hester Peirce and Mark Uyeda, dissented from the action, arguing that the statements cited in the order did not constitute the promises typically associated with investment contracts. They also pointed out the need for guidance on how to classify NFTs within the asset class.</p>

<p>Hermine Wong, former head of policy at Coinbase and a former SEC regulator mentioned that the above move underscored the SEC's strategy in the crypto space, extending its jurisdiction to encompass anything crypto-related.</p>

<p>The broader regulatory landscape for cryptocurrencies and related assets remains uncertain, with questions about who has regulatory authority. NFTs, a subset of the crypto realm, gained popularity in 2021, offering a wide range of functions, from access to exclusive chatrooms to a means of establishing value for digital art, sometimes providing royalties to artists upon resale.</p>


The U.S. Securities and Exchange Commission has initiated legal proceedings against an NFT project, marking the inaugural instance where the regulatory body has pursued enforcement action against a company for the sale of unregistered NFTs.

The SEC sues Impact Theory, an NFT issuer

The latter pays $6.1 million in penalties

SEC's targets & fines unregistered NFT project

SEC's landmark move: First enforcement action targets unregistered NFT project

SEC's landmark move: Targets & fines unregistered NFT project

<p>Coca-Cola has taken a significant step into the world of non-fungible tokens (NFTs) by launching its exclusive "MasterPiece" NFT collection on the newly introduced Coinbase Ethereum layer-2 network called "Base." This move signals the beverage giant's inaugural foray into the realm of digital assets through the Coinbase layer-2 network.</p>

<p>On August 13, Coinbase revealed the introduction of the Coca-Cola collection as part of its "Onchain Summer" initiative—a multi-week celebration of onchain art, culture, music, gaming, and more.</p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">ᴏɴᴄʜᴀɪɴ 🟡 ꜱᴜᴍᴍᴇʀ<a href="https://twitter.com/CocaCola?ref_src=twsrc%5Etfw">@CocaCola</a> is bringing their Global Masterpiece campaign onchain with iconic works from leading artists.<br />
<br />
Mint now: <a href="https://t.co/xTWyI3O7IW">https://t.co/xTWyI3O7IW</a> <a href="https://t.co/9wxFgt8qOh">pic.twitter.com/9wxFgt8qOh</a></p>
— Coinbase 🛡️ (@coinbase) <a href="https://twitter.com/coinbase/status/1690763490674503680?ref_src=twsrc%5Etfw">August 13, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h3>Art &amp; innovation coverage</h3>

<p>The "MasterPiece" collection brings together well-known masterpieces such as Edvard Munch's "The Scream" and Johannes Vermeer's "Girl with a Pearl Earring," alongside fresh creations from emerging artists, all of which are intertwined with the iconic Coca-Cola bottle imagery.</p>

<p>This transformation into onchain collectibles imbues these artworks with an entirely new dimension, opening up accessibility to art enthusiasts who engage in the “Onchain Summer”event.</p>

<p>Beyond merely being an art collection, "MasterPiece" by Coca-Cola represents the dynamic fusion of art, technology, and human interaction. Breaking free from traditional art gallery limitations, this collection holds global significance.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/artificial-intelligence/top-10-ways-to-earn-money-using-chatgpt-55943-15-08-2023">Top 10 ways to earn money using ChatGPT</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>NFT debut with impact</h3>

<p>Coca-Cola's entry into the NFT space through the "MasterPiece" collection is a notable milestone for major consumer brands engaging with the Base platform.</p>

<p>This pioneering move paves the way for other brands to explore innovative avenues of connection in our contemporary digital era. The initiative showcases how traditional brands can leverage modern technologies to extend their influence and relevance.</p>

<p>In essence, Coca-Cola's decision to launch the "MasterPiece" NFT collection on the Coinbase Ethereum layer-2 network "Base" marks its debut in the NFT landscape, demonstrating the convergence of art, technology, and global engagement.</p>

<p>This collection not only features renowned artworks but also underlines the company's commitment to embracing the potential of digital mediums for creative expression and brand interaction.</p>


Coca-Cola enters NFT space, debuting "MasterPiece" collection on Coinbase's Ethereum layer-2 network, marking its first venture into digital assets.


"MasterPiece” NFTs fuse art and Coca-Cola, crafting a novel digital experience

Coca-Cola's NFT debut sparks industry innovation, redefining brand engagement 

Coca-cola enters in NFT 

Coca-Cola unveils unique "MasterPiece" NFT collection on Base blockchain

Coca-Cola debuts NFT "MasterPiece" collection

<p>The iconic piece of art known as ‘Salvator Mundi,’ credited to Leonardo di Ser Piero da Vinci, the great painter, sculptor, and architect, has suddenly attracted attention and created a positive impression. It is set to go through a ground-breaking renovation after being famously sold for an astounding $450.3 million at Christie's in New York.</p>

<p>According to a <a href="https://techbullion.com/exclusive-salvator-mundi-by-leonardo-da-vinci-to-release-in-3d-and-augmented-reality-on-elmonx/">Techbullion report,</a> the famous painting, in which Jesus Christ is seen holding a crystal ball, is going to be transformed into a Non-Fungible Token (NFT), a digital asset that denotes the ownership of special objects.</p>

<h3>Tokenisation of Salvator Mundi as NFT</h3>

<p>Salvator Mundi is set to undergo a transformation into a Non-Fungible Token (NFT) through ElmonX, a digital company renowned for producing licensed NFTs in collaboration with Bridgeman Images, a prominent international image licensing company.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Leonardo da Vinci's masterpiece: Salvator Mundi 🔮<br />
<br />
Rediscovered, restored, and auctioned for a record-breaking USD 450,312,500 in 2017, making it the world's most expensive artwork ever sold 📈<br />
<br />
Two digital collectibles drop Saturday 12th August 9AM PT only on… <a href="https://t.co/nAppalhFSC">pic.twitter.com/nAppalhFSC</a></p>
— ElmonX (@elmonx_official) <a href="https://twitter.com/elmonx_official/status/1689060732908830720?ref_src=twsrc%5Etfw">August 8, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p>Bridgeman Images holds expertise in licensing fine art, historical media, and cultural content for various purposes. This partnership presents an exclusive opportunity to create high-quality NFTs based on Bridgeman Images' vast collection and presents art aficionados with the chance to possess a distinctive digital version of this iconic creation in the era of blockchain technology.</p>

<p>The launch of this NFT is scheduled for 12 August 2023 and is keenly anticipated for its possible influence on the art world.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/story/fbi-warns-of-nft-scam-629048-2023-08-09">FBI warns of rising NFT scams &amp; evolving crypto fraud tactics; here’s how you can keep safe</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>What is Salvator Mundi?</h3>

<p>The painting ‘Salvator Mundi’ reveals Jesus Christ as the saviour of the world, holding a transparent crystal orb and making a cross with his raised right hand. This iconic masterpiece is attributed to Leonardo Da Vinci around the 1500s and the painting was reportedly lost for a long time.</p>

<p>Leonardo Da Vinci left this world in 1519, but his endless curiosity and boundless creativity continue to inspire people, making him an unmatched figure in the story of Salvator Mundi.</p>

<p>In November 2017, the Salvator Mundi painting achieved an extraordinary feat by selling for a staggering $450,312,500. This astonishing price at auction secured its place as the most valuable and iconic piece of art in the world's history. The artwork beautifully showcased Leonardo Da Vinci's incredible talent and profound impact on the art world.</p>

<h3>Previous NFT ventures</h3>

<p>ElmonX and Bridgeman Images have previously collaborated to transform iconic artworks into NFTs, including Leonardo da Vinci's ‘Mona Lisa,’ ‘Van Gogh's Starry Night, ‘Rodin's The Thinker,’ and ‘Monet's Nymphéas 1907.’ These NFTs were offered in various editions, with different pricing tiers.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/gucci-nft-holders-to-be-redeemed-for-branded-duffle-bags-626032-2023-08-03">Digital fashion on the rise: Gucci offers Materials NFT holders exclusive access to luxury products</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>However, the NFT market has exhibited fluctuations. While artist Beeple gained significant attention with a $69.3 million sale, the global NFT sales volume witnessed an 83 percent drop in the year 2022 due to cryptocurrency market instability.</p>

<h3>Salvator Mundi's artistic journey</h3>

<p>The history of ‘Salvator Mundi’ is replete with controversies, debates over its attribution, and multiple sales. In 2021, author Ben Lewis even created an NFT version of the artwork, featuring Salvator Mundi holding a fistful of dollars instead of the crystal orb.</p>

<p>With the rise of NFTs, the upcoming NFT transformation of 'Salvator Mundi' marks a significant step at the intersection of traditional art and digital innovation. While this move opens new horizons for art ownership and access, it also underscores the dynamic nature of the NFT market and its connection to wider economic trends.</p>


The world’s most expensive painting, ‘Salvator Mundi’ credited to Leonardo da Vinci will be available as an NFT.


Leonardo's Salvator Mundi artwork enters the NFT realm

The controversial painting was sold for $450.3M at Christie's New York

The world’s most expensive artwork, 'Salvator Mundi' will be available as an NFT on 12 August 2023 

The Salvator Mundi credited to Leonardo da Vinci 

The world's most expensive painting, ‘Salvator Mundi’, set to become NFT

Behold! Salvator Mundi, the world's most expensive NFT

<p>The <a href="https://www.web3cafe.in/artificial-intelligence/story/fbi-warns-people-of-ai-powered-cyberattacks-urges-people-to-stay-vigilant-625908-2023-08-03">FBI </a>has issued a cautionary alert concerning cybercriminals disguising themselves as authentic non-fungible token (NFT) developers to steal cryptocurrencies and digital assets from unsuspecting victims. Within these deceitful schemes, culprits either gain direct access to <a href="https://www.web3cafe.in/blockchain/nft/story/gucci-nft-holders-to-be-redeemed-for-branded-duffle-bags-626032-2023-08-03">NFT</a> developer social media accounts or create imitation accounts to endorse "exclusive" new NFT releases.</p>

<p>These scams frequently employ deceptive advertisements that induce a sense of urgency.</p>

<h3>FBI warns of phishing scams targeting NFT investors through fake sites</h3>

<p>Victims are directed to phishing links contained in these announcements, which then steer them to counterfeit websites meticulously designed to resemble legitimate extensions of specific NFT projects. These replica sites prompt potential victims to link their cryptocurrency wallets and buy NFTs, but the malicious actors behind the scenes drain funds and NFTs into their control.</p>

<h3>Types of scam you should be aware of</h3>

<p>The agency noted that stolen contents from victims' wallets typically undergo a series of <a href="https://www.web3cafe.in/cryptocurrency/story/paypal-introduces-pyusd-stablecoin-top-5-things-you-should-know-about-the-newest-crypto-venture-629006-2023-08-09">cryptocurrency </a>mixers and exchanges to obscure the route and ultimate destination of the purloined NFTs.</p>

<p>To mitigate threats posed by such fraudulent activities, users are strongly advised to exercise prudence, and thoroughly vet social media accounts and websites to verify their authenticity.</p>

<p>This alert follows an earlier caution from the FBI, issued nearly five months ago, regarding a surge in deceptive cryptocurrency investment schemes known as "<a href="https://www.indiatoday.in/cryptocurrency/video/beware-of-crypto-romance-scams-this-valentines-day-2333473-2023-02-11">pig butchering</a>" (shā zhū pán), which resulted in $2 billion in losses in 2022.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text"><strong>Also Read</strong></div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/cryptocurrency/story/apples-app-store-guidelines-raise-concerns-about-blockchain-and-nft-growth-625590-2023-08-02">US lawmakers raise concerns over Apple's app store guidelines impact on crypto &amp; NFTs</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3>'CryptoRom' scams exploiting romantic connections</h3>

<p>The FBI also highlighted a distinct type of scam called CryptoRom, wherein criminals fabricate personas on dating apps and social media platforms to cultivate romantic connections and foster trust with victims.</p>

<p>These perpetrators initiate conversations on the platform through which they made initial contact and then shift to private messaging apps like Telegram or WhatsApp. Here, they coax victims into using deceitful crypto platforms or apps for substantial investments.</p>

<p>The criminals guide victims through the investment process, showcase fabricated profits, and drive them to invest more. When victims seek to withdraw their funds, they are coerced into paying fees or taxes, with no recourse for retrieving their money, even if the levied fees or taxes are paid.</p>

<h3>&nbsp;AI-powered romance scams exploit trusted app stores</h3>

<p>Romance-focused social engineering attacks have evolved recently, as noted by <a href="https://www.web3cafe.in/web3/cybersecurity/story/microsoft-neglects-cybersecurity-protocols-confirms-network-security-giant-tenable-628621-2023-08-08">cybersecurity </a>company Sophos. They've identified a new tactic employed by threat actors involving the utilisation of generative AI tools.</p>

<p>These tools enhance the authenticity of conversations on messaging platforms, making it easier to convince victims. The attackers manipulate victims into downloading questionable applications from reputable sources like the Apple App Store and Google Play Store.</p>

<p>Sophos also said, "These applications can get past review by Apple and Google by modifying remote content associated with the apps after they are approved and published to the stores,"</p>


FBI warns of NFT scams where criminals pose as developers, tricking victims via fake endorsements and urgency.


Cybercriminals posing as developers to steal crypto assets

Fraudsters pose as romantic connectiononline, con victims into crypto investments

FBI warns of AI-used scams luring victims via trusted app stores

FBI alert about growing NFT scams

FBI warns of rising NFT scams & evolving crypto fraud tactics; here’s how you can keep safe

FBI alerts about growing NFT scams

Crypto Shankar

<p class="text-align-justify">Two United States lawmakers, Congressman Gus Bilirakis of Florida and Congresswoman Jan Schakowsky of Illinois, have jointly reached out to Apple CEO Tim Cook, expressing their concerns about the potential impact of Apple's App Store guidelines on the growth of emerging technologies like blockchain and <a href="https://www.web3cafe.in/explainers/story/what-are-nfts-get-to-know-nft-basics-how-to-buy-and-sell-them-537796-2023-04-05">non-fungible tokens (NFTs).</a></p>

<p class="text-align-justify">The lawmakers are worried that these guidelines might block or hinder innovation and the country's technological leadership.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://web3cafe-en.cms-visualstories.intoday.in/wp-admin/post.php?post=18509&amp;action=edit#page=%2522f1bd71af-ab18-4da6-ac5b-5cda241c9ccb%2522">Mine crypto on your phones! Here are some well-known apps used</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">In their letter dated 28 July 2023, Bilirakis and Schakowsky posed a series of inquiries to Tim Cook, seeking detailed information and documents regarding the App Store's policies. Of particular concern is Apple's stance on developing <a href="https://www.web3cafe.in/emerging-tech/story/google-declares-rules-and-regulations-on-blockchain-and-nft-android-apps-on-its-play-store-613998-2023-07-13">blockchain-based applications</a> and the possible use of these guidelines to prioritise revenue over crypto-related apps.</p>

<p class="text-align-justify">The letter highlighted a specific policy requiring blockchain projects to allocate 30 percent of their gas fees (blockchain transaction fees) to the App Store.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Today, I sent a bipartisan letter to <a href="https://twitter.com/Apple?ref_src=twsrc%5Etfw">@Apple</a> regarding iOS App Store policies and their impact on emerging technologies like blockchains and NFTs. Congress must understand if Apple's policies are limiting innovation and American technological leadership.<br />
<br />
Full letter below: <a href="https://t.co/Sda7qtEaql">pic.twitter.com/Sda7qtEaql</a></p>
— Gus Bilirakis (@RepGusBilirakis) <a href="https://twitter.com/RepGusBilirakis/status/1685024130544947201?ref_src=twsrc%5Etfw">July 28, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<h3 class="text-align-justify">Support from crypto space figures</h3>

<p class="text-align-justify">Prominent figures within the cryptocurrency industry have welcomed the lawmakers' inquiry. Notably, Coinbase's Chief Legal Officer, Paul Grewal, and Kristin Smith, Chief Executive of the crypto advocacy group Blockchain Association, publicly praised Bilirakis and Schakowsky for initiating this inquiry. Their actions shed light on the potential implications of Apple's guidelines for tech innovation.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Here’s a bipartisan issue that doesn’t require reconceiving the consumer welfare standard and decades of precedent surrounding it. Are Americans well-served by arbitrary applications of a single giant’s App Store policies? <a href="https://t.co/8lxW0QP9mh">https://t.co/8lxW0QP9mh</a></p>
— paulgrewal.eth (@iampaulgrewal) <a href="https://twitter.com/iampaulgrewal/status/1685047284944556032?ref_src=twsrc%5Etfw">July 28, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<h3 class="text-align-justify">Deadline for response</h3>

<p class="text-align-justify">Former App Store director Phillip Shoemaker, who was involved in drafting the initial guidelines, emphasised that the policies had been revised to position Apple as a gatekeeper to emerging technologies. Shoemaker noted that while the policies intentionally maintained a strict stance against crypto and NFTs, they were intentionally not clearly defined.</p>

<p class="text-align-justify">The senators ask Cook 21 questions, including the status of sideloading in a future iOS version, Apple's App Store admission standards, if Apple proactively checks apps, and how Apple responds to violations.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://web3cafe-en.cms-visualstories.intoday.in/wp-admin/post.php?post=18624&amp;action=edit#page=%2522f1bd71af-ab18-4da6-ac5b-5cda241c9ccb%2522">AI images show Oppenheimer stars at an Indian wedding </a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">Furthermore, they asked if Apple intends to develop applications utilising <a href="https://www.web3cafe.in/blockchain/nft/story/etihad-airways-announces-a-new-edition-to-the-ey-zero1-nft-collection-624962-2023-08-01">blockchain</a> or related technologies, and if leveraging the secure enclave for blockchain apps has been given any thought.</p>

<p class="text-align-justify">Additional inquiries include the App Store review procedure itself, appeals procedures, whether checks are made for foreign ownership, and the justifications for the 'App Review Fast Track' granted to Chinese tech giant Baidu.</p>

<p class="text-align-justify">The lawmakers have given Apple until 14 August 2023, to provide answers to their concerns about the crypto-related policies of the App Store.</p>


Of particular concern is Apple's stance on developing blockchain-based applications and the possible use of these guidelines to prioritise revenue over crypto-related apps.


Lawmakers express concern for Apple CEO Tim Cook

The concern highlighted blockchain technology & NFTs

Apple faces crypto-related concerns from lawmakers until 14 August, 2023

Lawmakers question the app store's impact on crypto & NFTs

cryptocurrency

US lawmakers raise concerns over Apple's app store guidelines impact on crypto & NFTs

US lawmakers question on Apple's crypto & NFT policies

<p class="text-align-justify">Abu Dhabi-based national airline Etihad Airways launched a new expansion to its EY-ZERO1 non-fungible token (NFT) collection. It has introduced its NFT staking loyalty programme called ‘ Etihad Horizon Club,' while simultaneously expanding its existing <a href="https://www.web3cafe.in/blockchain/nft/story/sky-mavis-collaborates-with-cyberkongz-expands-web3-gaming-ecosystem-621117-2023-07-26">NFT collection.</a></p>

<p class="text-align-justify">The limited-edition release, featuring 300 unique NFTs, will be the eleventh 3D aircraft model added to the collection, which first debuted in July 2022. The updated collection provides NFT holders with a broader range of rewards, both in the digital realm and the real world, including access to exclusive lounges and the chance to upgrade their Tier status.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Introducing ‘Etihad Horizon Club’: one of the world’s first Web3 airline loyalty programs, powered by <a href="https://twitter.com/arcubeNFT?ref_src=twsrc%5Etfw">@arcubenft</a>. Stake your NFTs to earn Etihad miles and spend on travel &amp; web 3 perks.<br />
<br />
More miles per day for Etihad: Mission Impossible Livery NFT holders!<br />
<br />
Launching in Q3 2023 <a href="https://t.co/n6b1GJlvPN">pic.twitter.com/n6b1GJlvPN</a></p>
— Etihad NFT (@EtihadNFT) <a href="https://twitter.com/EtihadNFT/status/1684914117574811648?ref_src=twsrc%5Etfw">July 28, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<h3 class="text-align-justify">Benefits for EY-ZERO1 NFT holders</h3>

<p class="text-align-justify">The newly introduced NFTs are made to resemble the Mission: Impossible-branded Boeing 787 Dreamliner that was presented as part of a promotional tour for the recently released ‘Mission: Impossible - Dead Reckoning Part One’ film.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/yuga-labs-has-acquired-roar-studios-for-its-metaverse-project-called-otherside-624934-2023-08-01">NFT platform Yuga Labs expands its reach with the purchase of Metaverse studio</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">EY-ZERO1 NFT holders can look forward to an array of exclusive benefits. These benefits include a 12-month Etihad Guest Silver Tier Status, priority check-in, a 25 percent boost in earning Etihad Guest Miles, and access to the lounge at Abu Dhabi International Airport.</p>

<p class="text-align-justify">Furthermore, NFT holders gain membership to the Etihad: Virtual Club and a fast-track opportunity to upgrade from Silver to Gold Tier status.</p>

<h3 class="text-align-justify">Etihad's foray into web3 programmes</h3>

<p class="text-align-justify">In September 2023, Etihad Airways plans to launch its highly anticipated web3 loyalty programme, which is ‘Etihad Horizon Club.’ As part of this initiative, a staking-for-miles programme will be introduced, allowing the NFT community to lock up their assets and earn Etihad Guest Miles. The earned miles can then be redeemed for flights, upgrades, and other exciting perks.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/artificial-intelligence/top-5-companies-offering-free-ai-courses-heres-all-you-need-to-know-52904-31-07-2023">Top 5 companies offering free AI courses, here's all you need to know</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3 class="text-align-justify">Collaboration with Arcube</h3>

<p class="text-align-justify">The new <a href="https://www.web3cafe.in/blockchain/nft/story/snoop-dogg-introduces-passport-series-nft-collectible-during-his-tour-601150-2023-06-20">NFT collection </a>was developed in collaboration with Arcube, a real-world asset tokenisation firm that is now the official web3 partner of Etihad Airways.</p>

<p class="text-align-justify">Etihad Airways is among the latest airlines to embrace blockchain-based offerings and web3 loyalty programmes. Other airlines, such as Argentina's Flybondi and Spain's Air Europa, have already ventured into NFT ticketing and perks.</p>

<p class="text-align-justify">Japan's All Nippon Airways (ANA) has even launched an NFT marketplace, complementing their web3 strategy, which includes a <a href="https://www.web3cafe.in/metaverse/story/meta-unveils-quests-on-horizon-worlds-vr-platform-620873-2023-07-26">Metaverse</a> travel experience merging passengers' flight histories with their digital avatars.</p>

<p class="text-align-justify">With its groundbreaking NFT collection and innovative loyalty programmes, Etihad Airways continues to lead the way in offering unique and rewarding experiences to its valued customers.</p>


EY-ZERO1 NFT holders have the opportunity to secure their assets by staking them and, in return, receive Etihad miles. These miles can be redeemed for real flights and upgrades on Etihad Airways.


Etihad releases 300 new NFTs as part of the EY-ZERO1 collection

The NFT holders have several benefits like Abu Dhabi airport lounge access, NFT membership, Gold tier upgradation and many more

Arcube is the official web3 partner of Etihad Airways

Etihad Airways' new NFT expansion

Etihad Airways introduces EY-ZERO1 NFT collection, unlocks exclusive rewards

Take Flight with Etihad Airways' new NFT collection

<p class="text-align-justify">Yuga Labs, a major player in the non-fungible token (NFT) space, recently announced its acquisition of Roar Studios, a startup specialising in Metaverse development. The move comes as Yuga Labs looks to enhance its ambitious project, ‘Otherside.’</p>

<p class="text-align-justify">In a tweet on 31 July 2023, Yuga Labs shared news of the impending acquisition, revealing its plan to execute a broader vision for Otherside. Eric Reid, the founder and CEO of Roar Studios, will join Yuga as the general manager of Otherside. In his new role, Reid will oversee the development and production of the <a href="https://www.web3cafe.in/metaverse/story/metaverse-growth-soars-with-generative-ai-600-million-users-expected-by-2026-624733-2023-08-01">Metaverse.</a></p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">We are proud to announce Yuga Labs is acquiring Roar Studios, a music and metaverse startup led by long-time entertainment Executive, Eric Reid, to execute our expansive vision for <a href="https://twitter.com/OthersideMeta?ref_src=twsrc%5Etfw">@OthersideMeta</a>.<br />
<br />
For more, read here: <a href="https://t.co/Ll9OMrSwEP">https://t.co/Ll9OMrSwEP</a>. <a href="https://t.co/o2FankWun2">pic.twitter.com/o2FankWun2</a></p>
— Yuga Labs (@yugalabs) <a href="https://twitter.com/yugalabs/status/1686077596537143304?ref_src=twsrc%5Etfw">July 31, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<h3 class="text-align-justify">Otherside's progress &amp; future prospects</h3>

<p class="text-align-justify">Apart from bringing Eric Reid on board, Yuga is also adding audio, game, and artificial intelligence engineers from Roar Studios, expanding its team with 14 new members. This move aims to strengthen Yuga's capabilities in Metaverse creation and expand the possibilities for the Otherside.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/reddit-introduces-retro-reimagined-nft-collection-amidst-nostalgic-craze-624800-2023-08-01">Reddit expands NFT offerings with ‘Retro Reimagined’ collection of digital avatars</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">Otherside, which is Yuga Labs' Metaverse project, has offered only a few early access demos since August 2022, followed by a more recent ‘vibe check.’ However, an official launch date for the project remains unknown.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Earlier today we brought together a small focus group of 40 Voyagers in LA to delve into Otherside for a vibe check.🧵 <a href="https://t.co/fXpyUk81w8">pic.twitter.com/fXpyUk81w8</a></p>
— Othersidemeta (@OthersideMeta) <a href="https://twitter.com/OthersideMeta/status/1684754446616805376?ref_src=twsrc%5Etfw">July 28, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p class="text-align-justify">Daniel Alegre, Yuga's chief, recently stated that building Otherside is an ambitious task and will take time to materialise.</p>

<p class="text-align-justify">Furthermore, by recruiting skilled audio, game, and artificial intelligence engineers from Roar Studios, Yuga Labs is expanding its talent pool with experts in critical areas of Metaverse development. Audio engineers will contribute to immersive and realistic soundscapes within Otherside, elevating the user experience. Game engineers will play a crucial role in designing interactive elements, engaging gameplay mechanics, and exciting challenges for the metaverse's inhabitants.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/blockchain/from-b-town-star-to-nfts-start-heres-the-list-of-indian-actors-who-have-nft-projects-52200-29-07-2023">From B-town star to NFTs star; here are Indian actors who have NFT projects</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">Overall, the strategic addition of Eric Reid and the team from Roar Studios signifies Yuga Labs' dedication to realising its expansive vision for Otherside. By investing in top talent, Yuga Labs is positioning itself to create a <a href="https://www.web3cafe.in/metaverse/story/bhutanverse-unveiled-the-sandbox-brings-bhutans-rich-culture-to-the-metaverse-623087-2023-07-28">Metaverse</a> that captivates and delights users, setting new standards for the NFT conglomerate and leaving a lasting impact on the Metaverse landscape.</p>


Apart from bringing Eric Reid on board, Yuga is also adding audio, game, and artificial intelligence engineers from Roar Studios, expanding its team with 14 new members.

Yuga Labs aims to strengthen its Metaverse with the Roar Studios acquisition

Game engineers design interactive elements, mechanics, & challenges for Metaverse inhabitants

Yuga adds 14 new engineers from Roar Studios

Yuga Labs in collaboration with Roar Studios

NFT platform Yuga Labs expands its reach with the purchase of Metaverse studio

NFT platform Yuga Labs invests in Metaverse studio 

<p class="text-align-justify">Reddit, a popular American website or social media giant where users share and submit various types of content, is taking a leap into the world of <a href="Explainer: What are NFTs? Get to know NFT basics, how to buy and sell them">non-fungible tokens (NFTs). </a>The name of its latest NFT collection is ‘Retro Reimagined.’</p>

<p class="text-align-justify">On 27 July, 2023, Reddit made an announcement about the launch of Generation 4 of RedditCollectibles. This latest release offers a selection of even more limited-edition designs for users to enjoy.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Get ready 4 it. 😉 Gen 4 of <a href="https://twitter.com/hashtag/RedditCollectibles?src=hash&amp;ref_src=twsrc%5Etfw">#RedditCollectibles</a> dropped with even more limited-edition designs to choose from. Hop in your time machine to get yours now!<a href="https://t.co/3ts0WZJKtN">https://t.co/3ts0WZJKtN</a> <a href="https://t.co/TuZtI8OZMt">pic.twitter.com/TuZtI8OZMt</a></p>
— Reddit (@Reddit) <a href="https://twitter.com/Reddit/status/1684664361439068161?ref_src=twsrc%5Etfw">July 27, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p class="text-align-justify">Reddit's Generation 4 of #RedditCollectibles will showcase unique avatars featuring the iconic 'Snoo' alien mascot, creatively reimagined by artists in various outfits and moods. Similar to its predecessors, the latest collection operates on the Polygon blockchain, enabling decentralised trading and third-party sales.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/ducati-unveils-exclusive-nft-collection-on-xrp-ledger-620856-2023-07-26">Ducati unveils exclusive NFT collection on XRP Ledger, revolutionising brand engagement</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3 class="text-align-justify">Reddit discloses the price range</h3>

<p class="text-align-justify">In an official blog post, Reddit explained that these avatars are limited edition, ensuring that a specific number of each artist's collectible avatars are available for purchase. This approach allows artists to receive payment for every avatar sold.</p>

<p class="text-align-justify">Though the exact number of NFTs in the collection remains undisclosed, Reddit did disclose the price range for the Retro Reimagined series. Each tokenised avatar from this collection will be priced between $2.49 (approximately Rs. 205) and $199.99 (approximately Rs. 16 lakh).</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://web3cafe-en.cms-visualstories.intoday.in/wp-admin/post.php?post=18535&amp;action=edit#page=%2522f1bd71af-ab18-4da6-ac5b-5cda241c9ccb%2522">From B-town star to NFTs star; here are Indian actors who have NFT projects</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<h3 class="text-align-justify">Users flaunt their Retro Reimagined avatars</h3>

<p class="text-align-justify">Reddit's Generation 4 #RedditCollectibles collection features NFT designs from 100 independent artists, some inspired by popular collections like Cool Cats. Community members are already sharing their new avatars from the Retro Reimagined series on Twitter.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">I am now a Reddit NFT legend. Thank you <a href="https://twitter.com/coolcats?ref_src=twsrc%5Etfw">@coolcats</a>.<br />
Chugs for the culture 🤝 <a href="https://t.co/JWxD7IdrdV">pic.twitter.com/JWxD7IdrdV</a></p>
— lawofthesaw 🏴‍☠️ (@lawofthesaw) <a href="https://twitter.com/lawofthesaw/status/1684320464926019584?ref_src=twsrc%5Etfw">July 26, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Probably the cleanest Gen 4 Reddit NFT<br />
<br />
Can’t believe I missed out on this gem<br />
<br />
Might have to go shopping soon but I promised myself I was done buying Reddit NFTs 😩 <a href="https://twitter.com/search?q=%24CONE&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$CONE</a> on brother <a href="https://t.co/2mYDLvkXrX">pic.twitter.com/2mYDLvkXrX</a></p>
— Arbsy.eth (@itsarbsy) <a href="https://twitter.com/itsarbsy/status/1684410570202652672?ref_src=twsrc%5Etfw">July 27, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p class="text-align-justify">In July 2022, Reddit introduced NFTs as ‘Collectible Avatars’ on the <a href="https://www.web3cafe.in/blockchain/story/what-is-polygon-20-impact-on-its-blockchain-and-matic-579449-2023-06-14">Polygon blockchain</a> through free airdrops and early sales. Later that year, Reddit launched its NFT marketplace, where users need a Reddit Vault Wallet to buy and store NFTs.</p>

<p class="text-align-justify">To ensure the safety of users and combat bot activity, developers have implemented anti-bot measures, including CAPTCHA. Additionally, Reddit has set spending limits and established an initial access period on launch day, limiting the number of NFTs each user can purchase at once.</p>

<h3 class="text-align-justify">Over 14.5M NFT avatar holders on Reddit</h3>

<p class="text-align-justify">As of the latest count, there are more than 14.5 million holders of Reddit's NFT avatars. This impressive number reflects the growing interest in digital collectibles and NFTs among the platform's users.</p>

<p class="text-align-justify">With prominent social media amenities like Reddit expanding into the crypto world, it demonstrates the platform's dedication to investigating <a href="https://www.web3cafe.in/blockchain/nft/story/tapsee-pannu-introduces-nft-platform-to-interact-with-true-fans-619803-2023-07-24">NFTs </a>and providing users with a flavour of nostalgia through their distinctive avatars. As the crypto and NFT communities expand, the ease and attraction of these platforms for networking will definitely play a critical role in building the future of the crypto ecosystem.</p>


Reddit's Generation 4 of #RedditCollectibles will showcase unique avatars featuring the iconic 'Snoo' alien mascot, creatively reimagined by artists in various outfits and moods.


Reddit's Generation 4 avatars launch on the Polygon blockchain

RedditCollectibles features unique avatars featuring 'Snoo' alien mascot

It launched the NFT marketplace, requiring a Reddit Vault Wallet for purchase

Retro Reimagined

Reddit expands NFT offerings with ‘Retro Reimagined’ collection of digital avatars

Reddit unveils its NFT collection, named Retro Reimagined

<p class="text-align-justify">In celebration of the 50th anniversary of legendary martial artist and actor, Bruce Lee's passing, the Metaverse project by 'Byte City,' a well-known social entertainment platform, has announced plans to honour the famous Bruce Lee with a Metaverse event.</p>

<p class="text-align-justify">It has announced a special event to pay tribute to the iconic figure. Bruce Lee, who passed away in 1973, will be virtually reappearing in the <a href="https://www.web3cafe.in/metaverse/story/aditya-birla-capital-collaborates-with-hexaware-to-build-an-immersive-metaverse-experience-620266-2023-07-25">Metaverse,</a> allowing fans and enthusiasts to engage with his avatar and learn martial arts from the master himself.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/metaverse/story/meta-unveils-quests-on-horizon-worlds-vr-platform-620873-2023-07-26">Meta introduces quests and rewards to encourage avatar interaction on Horizon Worlds Metaverse platform</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">The endeavour, in collaboration with Magic Eden, which is a decentralised exchange for the peer-to-peer trading of <a href="https://www.web3cafe.in/blockchain/nft/story/sky-mavis-collaborates-with-cyberkongz-expands-web3-gaming-ecosystem-621117-2023-07-26">non-fungible tokens</a> (NFTs), aims to restore Bruce Lee's legacy by utilising avatars.</p>

<h3 class="text-align-justify">Minting avatars</h3>

<p class="text-align-justify">Participants or aficionados who are eager to join the interactive experience can create their own avatars of Bruce Lee by minting them on the <a href="https://www.web3cafe.in/blockchain/nft/story/german-intelligence-service-unveils-999-dog-themed-nfts-to-recruit-cybersecurity-talent-602628-2023-06-22">Ethereum </a>and Polygon blockchains. The minting process already started for Polygon users on 27 July 2023 and for Ethereum users it will be available on 28 July 2023, at 9 am PST (Pacific Standard Time).</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Partnering With <a href="https://twitter.com/MagicEden?ref_src=twsrc%5Etfw">@MagicEden</a> to Immortalize Bruce Lee on <a href="https://twitter.com/0xPolygon?ref_src=twsrc%5Etfw">@0xPolygon</a> &amp; <a href="https://twitter.com/ethereum?ref_src=twsrc%5Etfw">@ethereum</a><br />
<br />
With the <a href="https://twitter.com/hashtag/BL50Tribute?src=hash&amp;ref_src=twsrc%5Etfw">#BL50Tribute</a> Free Mint Collection 🐉<br />
<br />
Polygon<br />
🗓️ Jul 27th: 9AM PST<br />
📌 <a href="https://t.co/PvqSQEq3jD">https://t.co/PvqSQEq3jD</a><br />
<br />
Ethereum<br />
🗓️ Jul 28th: 9AM PST<br />
📌 <a href="https://t.co/5YFZZ3czbm">https://t.co/5YFZZ3czbm</a><br />
<br />
Details 👉 <a href="https://t.co/4Yv8qX8kFz">https://t.co/4Yv8qX8kFz</a> <a href="https://t.co/iKtnqdsrRT">pic.twitter.com/iKtnqdsrRT</a></p>
— BYTE CITY (@playBYTECITY) <a href="https://twitter.com/playBYTECITY/status/1684273125888778252?ref_src=twsrc%5Etfw">July 26, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p class="text-align-justify">Minting an avatar will grant users access to playable characters within the Byte City Metaverse game. After successfully minting an avatar, players can utilise their martial arts masterpieces in the game within 24 hours.</p>

<h3 class="text-align-justify">Bruce Lee's venture into web3 &amp; NFTs</h3>

<p class="text-align-justify">This is not the first time Bruce Lee's legacy has ventured into the web3 world. Earlier, the Bruce Lee Foundation, under the guidance of Shannon Lee, the late actor's daughter, teamed up with the non-fungible token (NFT) video platform ‘Shibuya.’ Together, they created an exclusive NFT collection called ‘The House of Lee.’ The release of the <a href="https://www.web3cafe.in/blockchain/nft/story/tapsee-pannu-introduces-nft-platform-to-interact-with-true-fans-619803-2023-07-24">NFT collection</a> received significant attention, raking in approximately $730,000.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Start spreading the news…5 hours left to get your ticket to House of Lee.<br />
Press link —&gt; <a href="https://t.co/GlB6iylbsd">https://t.co/GlB6iylbsd</a><br />
<br />
*Apple Pay Accepted<a href="https://twitter.com/shibuyaxyz?ref_src=twsrc%5Etfw">@shibuyaxyz</a> <a href="https://twitter.com/pplpleasr1?ref_src=twsrc%5Etfw">@pplpleasr1</a> <a href="https://t.co/4HltFEM2fV">pic.twitter.com/4HltFEM2fV</a></p>
— Bruce Lee (@brucelee) <a href="https://twitter.com/brucelee/status/1646634755084152833?ref_src=twsrc%5Etfw">April 13, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<h3 class="text-align-justify">Gameplay on all platforms</h3>

<p class="text-align-justify">Byte City's Metaverse game featuring Bruce Lee's avatar will be accessible to players on various platforms. Enthusiasts can experience the virtual martial arts extravaganza through their desktop browsers as well as iOS and Android mobile devices. This inclusive approach ensures that fans from all walks of life can enjoy the interactive event and embrace Bruce Lee's teachings.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/visualstories/metaverse/fashion-brands-that-have-joined-the-metaverse-45626-28-06-2023">Fashion brands that have joined the Metaverse</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">The upcoming Metaverse event featuring Bruce Lee promises to be a memorable experience for martial arts enthusiasts and fans alike. By offering the opportunity to engage with the legendary actor's <a href="https://www.web3cafe.in/web3/gaming/story/nvidia-infuses-life-into-virtual-characters-via-generative-ai-568513-2023-06-01">avatar</a>, Byte City aims to immortalise Bruce Lee's legacy and continue spreading his wisdom and teachings to a new generation.</p>

<p class="text-align-justify">As the Metaverse continues to evolve, instances like this serve as a monument to the continuing effects of extraordinary individuals, even beyond their physical lifespan.</p>


Byte City has announced a special event to pay tribute to Bruce Lee, who will be virtually reappearing in the Metaverse, allowing fans to engage with his avatar and learn martial arts.


Byte City's tribute to Bruce Lee in the Metaverse

The platform allows users to create Bruce Lee avatars on the ETH and MATIC blockchains

Bruce Lee's virtual martial arts experience is accessible on desktop, iOS, & Android devices

Celebrating Bruce Lee's 50th Anniversary: Learn martial arts from the legend himself in the Metaverse

Now you can learn martial arts from Bruce Lee in Metaverse

Web3

<p class="text-align-justify">Sky Mavis, the company behind the popular blockchain game ‘Axie Infinity,’ has announced an exciting partnership with the Ethereum-based NFT collection, CyberKongz. The collaboration aims to create a more comprehensive gaming ecosystem for the ‘Ronin blockchain (an EVM-based blockchain developed for play-to-earn games) while also introducing a new game that integrates with Axie Infinity experiences.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">Welcome home, <a href="https://twitter.com/CyberKongz?ref_src=twsrc%5Etfw">@cyberkongz</a> 🩸🤝 <a href="https://t.co/Z140AJmx5S">pic.twitter.com/Z140AJmx5S</a></p>
— Ronin (@Ronin_Network) <a href="https://twitter.com/Ronin_Network/status/1683825230270038017?ref_src=twsrc%5Etfw">July 25, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p class="text-align-justify">Additionally, CyberKongz's Play &amp; Kollect game is moving from Polygon to Ronin, aiming to access a broader gaming community. This partnership is set to redefine the world of <a href="https://www.web3cafe.in/web3/gaming/story/ubisoft-to-launch-new-game-based-on-blockchain-technology-607046-2023-06-30">blockchain gaming, </a>offering players new and exciting experiences.</p>

<h3 class="text-align-justify">CyberKongz's play &amp; Kollect game moves to Ronin</h3>

<p class="text-align-justify">As the two companies work together to create a gaming ecosystem on the Ronin blockchain, players can look forward to more engaging experiences and new opportunities to earn rewards. With this collaboration and a renewed focus on what makes web3 unique, the future of blockchain gaming holds great potential for explosive growth and widespread adoption.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">And it’s happening <a href="https://twitter.com/CyberKongz?ref_src=twsrc%5Etfw">@CyberKongz</a> 🤝 <a href="https://twitter.com/Ronin_Network?ref_src=twsrc%5Etfw">@Ronin_Network</a><br />
<br />
⭐️First Ever Mint on the Ronin Network<br />
⭐️Play &amp; Kollect game migration<br />
⭐️ Future game with Genkai 👀 <a href="https://t.co/w1BBCuCa54">pic.twitter.com/w1BBCuCa54</a></p>
— Travis💡 (@ProofOfTravis) <a href="https://twitter.com/ProofOfTravis/status/1683852454545195010?ref_src=twsrc%5Etfw">July 25, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p class="text-align-justify">The collaboration also marks a significant move for CyberKongz's popular Play &amp; Kollect game. Currently based on the <a href="https://www.web3cafe.in/blockchain/story/what-is-polygon-20-impact-on-its-blockchain-and-matic-579449-2023-06-14">Polygon blockchain,</a> the game is now migrating to the Ronin blockchain.</p>

<h3 class="text-align-justify">The rise of P2E through Axie Infinity</h3>

<p class="text-align-justify">In 2021, Axie Infinity took the gaming world by storm with its pioneering play-to-earn concept. Players were rewarded with crypto tokens for their in-game efforts, making it one of the top projects by sales volume, as recognised by the esteemed NFT data tracker, CryptoSlam.</p>

<p class="text-align-justify">While the <a href="https://www.web3cafe.in/blockchain/nft/story/tapsee-pannu-introduces-nft-platform-to-interact-with-true-fans-619803-2023-07-24">NFT</a> craze took centre stage in 2021, recent times have seen a shift in interest within the blockchain gaming realm. Certain crypto-based games, including Neopets, have embraced a non-crypto approach. This shift highlights the dynamic nature of the industry and its potential for further evolution.</p>

<h3 class="text-align-justify">Challenges for the P2E model</h3>

<p class="text-align-justify">Earlier this year, Aleksander Larsen, Co-founder of Sky Mavis, voiced concerns about the current state of the play-to-earn model. He said that the games must prioritise enjoyment and offer a solid economic structure to enable players to earn rewards.</p>

<p class="text-align-justify">Nevertheless, Kathleen Osgood, the head of business development at Sky Mavis remains optimistic, expressing belief in a game that truly understands the motivations of <a href="https://www.web3cafe.in/blockchain/nft/story/ducati-unveils-exclusive-nft-collection-on-xrp-ledger-620856-2023-07-26">web3</a> users, igniting advancement in blockchain gaming.</p>

<p class="text-align-justify">Osgood stated that many teams have merely replicated web2 successes without achieving explosive growth. Instead, she believes that innovation lies in leveraging web3 as a new experience and tapping into users natural attraction to its unique offerings.</p>

<p class="text-align-justify">Speaking to Cointelegraph, she said, "The potential to attract a massive audience lies in the innovative approach of leveraging Web3 as a new experience while effectively tapping into users who are inherently drawn to its unique offerings."</p>

<p class="text-align-justify">The collaboration between Sky Mavis and CyberKongz signals a new era for blockchain gaming on the Ronin platform. While challenges persist, the industry remains hopeful that a game aligned with web3's appeal will serve as the catalyst for explosive growth, unlocking the full potential of blockchain gaming.</p>


Sky Mavis launches a new web3 game that incorporates Axie Infinity experiences and builds an efficient gaming environment for the Ronin blockchain.


Sky Mavis partners with an Ethereum-based NFT collection

The collaboration creates a gaming ecosystem for the Ronin blockchain

The game is currently based on the Polygon blockchain and is migrating to the Ronin blockchain

Axie Infinity shakes hands with CyberKongz

Sky Mavis partners with CyberKongz to expand the web3 gaming ecosystem on the Ronin Blockchain

Axie Infinity & CyberKongz join forces for gaming ecosystem

<p class="text-align-justify">Bollywood celebrities like <a href="https://www.web3cafe.in/artificial-intelligence/story/amitabh-bachchan-to-enter-world-of-generative-ai-with-ikonz-studios-604597-2023-06-26">Amitabh Bachchan,</a> Salman Khan, and Manish Malhotra have already jumped into the NFT bandwagon, introducing their NFT collections. Now, joining the trend, Bollywood actress Taapsee Pannu has also launched her NFT platform.</p>

<p class="text-align-justify">During the COVID-19 pandemic, Taapsee Pannu joined the growing list of celebrities venturing into Non-Fungible Tokens (NFTs). Recently, she introduced her exclusive NFT-based platform, taapseeclub.com, with the intention of fostering a positive environment for her fans and distinguishing true fans from anonymous trolls. Pannu also released a captivating video on social media to kickstart the<a href="https://www.web3cafe.in/emerging-tech/story/google-declares-rules-and-regulations-on-blockchain-and-nft-android-apps-on-its-play-store-613998-2023-07-13"> NFT</a> launch.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/story/binance-integrates-btc-lightning-network-616068-2023-07-17">Binance joins the Lightning Network, implements Bitcoin's Layer 2 solution</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p class="text-align-justify">She uploaded a video on her Instagram with the caption, "For the people who care, for the people who matter, for people who want to share and create an environment where we can celebrate life and everything about us because you are only as good as the people who you surround yourself with. Looking forward to the personalised interactions following soon for all the club members."</p>

<div class="embedcode">
<blockquote class="instagram-media" data-instgrm-captioned="" data-instgrm-permalink="https://www.instagram.com/reel/Cu8sbY9oZzo/?utm_source=ig_embed&amp;utm_campaign=loading" data-instgrm-version="14" style=" background:#FFF; border:0; border-radius:3px; box-shadow:0 0 1px 0 rgba(0,0,0,0.5),0 1px 10px 0 rgba(0,0,0,0.15); margin: 1px; max-width:540px; min-width:326px; padding:0; width:99.375%; width:-webkit-calc(100% - 2px); width:calc(100% - 2px);">
<div style="padding:16px;">
<div style=" display: flex; flex-direction: row; align-items: center;">
<div style="background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 40px; margin-right: 14px; width: 40px;">&nbsp;</div>

<div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center;">
<div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 100px;">&nbsp;</div>

<div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 60px;">&nbsp;</div>
</div>
</div>

<div style="padding: 19% 0;">&nbsp;</div>

<div style="display:block; height:50px; margin:0 auto 12px; width:50px;"><a href="https://www.instagram.com/reel/Cu8sbY9oZzo/?utm_source=ig_embed&amp;utm_campaign=loading" style=" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;" target="_blank"><svg height="50px" version="1.1" viewbox="0 0 60 60" width="50px" xmlns="https://www.w3.org/2000/svg" xmlns:xlink="https://www.w3.org/1999/xlink"><g fill="none" fill-rule="evenodd" stroke="none" stroke-width="1"><g fill="#000000" transform="translate(-511.000000, -20.000000)"><g><path d="M556.869,30.41 C554.814,30.41 553.148,32.076 553.148,34.131 C553.148,36.186 554.814,37.852 556.869,37.852 C558.924,37.852 560.59,36.186 560.59,34.131 C560.59,32.076 558.924,30.41 556.869,30.41 M541,60.657 C535.114,60.657 530.342,55.887 530.342,50 C530.342,44.114 535.114,39.342 541,39.342 C546.887,39.342 551.658,44.114 551.658,50 C551.658,55.887 546.887,60.657 541,60.657 M541,33.886 C532.1,33.886 524.886,41.1 524.886,50 C524.886,58.899 532.1,66.113 541,66.113 C549.9,66.113 557.115,58.899 557.115,50 C557.115,41.1 549.9,33.886 541,33.886 M565.378,62.101 C565.244,65.022 564.756,66.606 564.346,67.663 C563.803,69.06 563.154,70.057 562.106,71.106 C561.058,72.155 560.06,72.803 558.662,73.347 C557.607,73.757 556.021,74.244 553.102,74.378 C549.944,74.521 548.997,74.552 541,74.552 C533.003,74.552 532.056,74.521 528.898,74.378 C525.979,74.244 524.393,73.757 523.338,73.347 C521.94,72.803 520.942,72.155 519.894,71.106 C518.846,70.057 518.197,69.06 517.654,67.663 C517.244,66.606 516.755,65.022 516.623,62.101 C516.479,58.943 516.448,57.996 516.448,50 C516.448,42.003 516.479,41.056 516.623,37.899 C516.755,34.978 517.244,33.391 517.654,32.338 C518.197,30.938 518.846,29.942 519.894,28.894 C520.942,27.846 521.94,27.196 523.338,26.654 C524.393,26.244 525.979,25.756 528.898,25.623 C532.057,25.479 533.004,25.448 541,25.448 C548.997,25.448 549.943,25.479 553.102,25.623 C556.021,25.756 557.607,26.244 558.662,26.654 C560.06,27.196 561.058,27.846 562.106,28.894 C563.154,29.942 563.803,30.938 564.346,32.338 C564.756,33.391 565.244,34.978 565.378,37.899 C565.522,41.056 565.552,42.003 565.552,50 C565.552,57.996 565.522,58.943 565.378,62.101 M570.82,37.631 C570.674,34.438 570.167,32.258 569.425,30.349 C568.659,28.377 567.633,26.702 565.965,25.035 C564.297,23.368 562.623,22.342 560.652,21.575 C558.743,20.834 556.562,20.326 553.369,20.18 C550.169,20.033 549.148,20 541,20 C532.853,20 531.831,20.033 528.631,20.18 C525.438,20.326 523.257,20.834 521.349,21.575 C519.376,22.342 517.703,23.368 516.035,25.035 C514.368,26.702 513.342,28.377 512.574,30.349 C511.834,32.258 511.326,34.438 511.181,37.631 C511.035,40.831 511,41.851 511,50 C511,58.147 511.035,59.17 511.181,62.369 C511.326,65.562 511.834,67.743 512.574,69.651 C513.342,71.625 514.368,73.296 516.035,74.965 C517.703,76.634 519.376,77.658 521.349,78.425 C523.257,79.167 525.438,79.673 528.631,79.82 C531.831,79.965 532.853,80.001 541,80.001 C549.148,80.001 550.169,79.965 553.369,79.82 C556.562,79.673 558.743,79.167 560.652,78.425 C562.623,77.658 564.297,76.634 565.965,74.965 C567.633,73.296 568.659,71.625 569.425,69.651 C570.167,67.743 570.674,65.562 570.82,62.369 C570.966,59.17 571,58.147 571,50 C571,41.851 570.966,40.831 570.82,37.631"></path></g></g></g></svg></a></div>

<div style="padding-top: 8px;">
<div style=" color:#3897f0; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:550; line-height:18px;"><a href="https://www.instagram.com/reel/Cu8sbY9oZzo/?utm_source=ig_embed&amp;utm_campaign=loading" style=" background:#FFFFFF; line-height:0; padding:0 0; text-align:center; text-decoration:none; width:100%;" target="_blank">View this post on Instagram</a></div>
</div>

<div style="padding: 12.5% 0;">&nbsp;</div>

<div style="display: flex; flex-direction: row; margin-bottom: 14px; align-items: center;">
<div>
<div style="background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(0px) translateY(7px);">&nbsp;</div>

<div style="background-color: #F4F4F4; height: 12.5px; transform: rotate(-45deg) translateX(3px) translateY(1px); width: 12.5px; flex-grow: 0; margin-right: 14px; margin-left: 2px;">&nbsp;</div>

<div style="background-color: #F4F4F4; border-radius: 50%; height: 12.5px; width: 12.5px; transform: translateX(9px) translateY(-18px);">&nbsp;</div>
</div>

<div style="margin-left: 8px;">
<div style=" background-color: #F4F4F4; border-radius: 50%; flex-grow: 0; height: 20px; width: 20px;">&nbsp;</div>

<div style=" width: 0; height: 0; border-top: 2px solid transparent; border-left: 6px solid #f4f4f4; border-bottom: 2px solid transparent; transform: translateX(16px) translateY(-4px) rotate(30deg)">&nbsp;</div>
</div>

<div style="margin-left: auto;">
<div style=" width: 0px; border-top: 8px solid #F4F4F4; border-right: 8px solid transparent; transform: translateY(16px);">&nbsp;</div>

<div style=" background-color: #F4F4F4; flex-grow: 0; height: 12px; width: 16px; transform: translateY(-4px);">&nbsp;</div>

<div style=" width: 0; height: 0; border-top: 8px solid #F4F4F4; border-left: 8px solid transparent; transform: translateY(-4px) translateX(8px);">&nbsp;</div>
</div>
</div>

<div style="display: flex; flex-direction: column; flex-grow: 1; justify-content: center; margin-bottom: 24px;">
<div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; margin-bottom: 6px; width: 224px;">&nbsp;</div>

<div style=" background-color: #F4F4F4; border-radius: 4px; flex-grow: 0; height: 14px; width: 144px;">&nbsp;</div>
</div>

<p style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; line-height:17px; margin-bottom:0; margin-top:8px; overflow:hidden; padding:8px 0 7px; text-align:center; text-overflow:ellipsis; white-space:nowrap;"><a href="https://www.instagram.com/reel/Cu8sbY9oZzo/?utm_source=ig_embed&amp;utm_campaign=loading" style=" color:#c9c8cd; font-family:Arial,sans-serif; font-size:14px; font-style:normal; font-weight:normal; line-height:17px; text-decoration:none;" target="_blank">A post shared by Taapsee Pannu (@taapsee)</a></p>
</div>
</blockquote>
<script async="" src="//www.instagram.com/embed.js"></script></div>

<h3 class="text-align-justify">NFT platform for only true fans</h3>

<p class="text-align-justify">Through her NFT platform, Pannu offers fans the opportunity to become members of her club by purchasing <a href="https://www.web3cafe.in/metaverse/story/fifa-and-upland-introduced-womens-world-cup-2023-in-metaverse-know-how-to-get-your-digital-collectibles-618307-2023-07-21">NFTs.</a> This membership provides access to exclusive content, merchandise, and unique experiences, allowing fans to connect with Pannu on a more personal level. The primary aim behind this NFT initiative is to create a positive and engaging space for her fans worldwide.</p>

<h3 class="text-align-justify">Win exclusive gifts from Tapsee Pannu</h3>

<p class="text-align-justify">With an affordable price tag of less than Rs 3,000, the initial NFT offering by Taapsee Pannu's platform grants members a chance to win exclusive gifts personally chosen by the actress. Becoming a club member through the NFT purchase ensures participation in an upcoming lucky draw.</p>

<p class="text-align-justify">The NFT membership package features four video greetings from Pannu, as well as a ticket to the lucky draw with exciting prizes, including 100 autographed goodies from her favourite selections, 100 autographed cards, five video calls with Pannu (either one-on-one or with multiple people), and an outfit from her films. Only 500 tickets are available for this NFT offer.</p>

<h3 class="text-align-justify">Her thoughts on social media</h3>

<p class="text-align-justify">When asked about her decision to launch the NFT platform exclusively for true admirers, Taapsee Pannu stated the following:</p>

<blockquote class="at-quotes">
<p>"I have decided to launch NFTs exclusively for genuine individuals, providing them with an opportunity to get to know me on a more personal level. I aim to present a distinct social media experience for my NFT members, one that differs from my public presence.</p>

<div class="author">Taapsee Pannu, Bollywood Actress</div>
</blockquote>

<p class="text-align-justify">Tapsee also said that she is an extrovert who enjoys interacting with people and find social media to be too toxic for expressing her true self. “It is always beneficial to have a close-knit community of individuals who genuinely wish the best for you and contribute to personal growth," she added.</p>

<p class="text-align-justify">With Taapsee Pannu making a strong statement by joining the <a href="https://www.web3cafe.in/blockchain/nft/story/czech-automobile-giant-launches-skodaverse-india-nft-platform-601934-2023-06-21">NFT platform</a> exclusively for genuine individuals, it remains to be seen whether other actresses will follow suit and take a similar approach. The impact of her decision may influence the actions of other actresses in the industry regarding NFTs.</p>


In order to interact with her true fans, Bollywood actress Taapsee Pannu has developed her own special Non-Fungible token (NFTs) platform. Fans can have access to premium materials, merchandise, and customised interactions by purchasing NFTs.


Taapsee Pannu launches her NFT platform

The name of the NFT platform is ‘taapseeclub.com’

NFT membership offers four video greetings from Pannu, an outfit or memorabilia from her film, and many more

Bollywood actress Taapsee Pannu has developed her own NFT platform

Bollywood diva Taapsee Pannu launches NFT platform, fans get a  chance to video call the star via the platform

Get a chance to video call with Tapsee Pannu via her NFT platform

<p>Lacoste, the renowned French fashion brand, has taken a bold leap into the world of non-fungible tokens (NFTs) by expanding its NFT ecosystem that it first introduced in June 2022 as Genesis Pass.</p>

<p>With a vision to embrace the possibilities of Web3 technology, Lacoste has introduced an array of exciting features for its UNDW3 programme community, following the successful launch of its UNDW3 collection of profile picture (PFP) NFTs.</p>

<p>In an effort to create a more immersive and engaging digital experience, Lacoste now offers Genesis Pass holders the opportunity to convert their NFTs into UNDW3 cards and connect their wallets to a dedicated site. This unlocks a realm of interactive features, including creative sessions, contests, video games, and interactive conversations.</p>

<h3>Users to actively participate in brand's creative process, aims Lacoste</h3>

<p>By opening up this dynamic digital space, Lacoste aims to foster co-creation and engagement within its community, allowing members to actively participate in the brand's creative process. To encourage active involvement, Lacoste's dedicated site rewards users with points for their engagement.</p>

<p>These points not only enhance the rarity of their NFTs but also grant them a coveted spot on the leaderboard. This ingenious reward system not only fosters a sense of community but also recognises and celebrates the contributions of dedicated users, establishing an environment that is both engaging and interactive.</p>

<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">What’s in the game? Only time will tell…<br />
Our new <a href="https://twitter.com/hashtag/UNDW3?src=hash&amp;ref_src=twsrc%5Etfw">#UNDW3</a> experience is about to start.<br />
Stay sharp, crocodiles.<br />
<br />
More info: <a href="https://twitter.com/undw3_lacoste?ref_src=twsrc%5Etfw">@undw3_lacoste</a> <a href="https://t.co/3gwhjcpahu">pic.twitter.com/3gwhjcpahu</a></p>
— Lacoste (@Lacoste) <a href="https://twitter.com/Lacoste/status/1673411404005535752?ref_src=twsrc%5Etfw">June 26, 2023</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

<h3>Fashion brands enduring Web3 vision</h3>

<p>Catherine Spindler, Lacoste's Deputy CEO, expressed the brand's continuing Web3 vision and commitment to exploring the potential of blockchain technology.</p>

<p>Emphasising the belief in blockchain as an accelerator, Lacoste aims to create a more inclusive and experiential digital realm. By embracing co-creation and forging horizontal relationships with customers, Lacoste seeks to build a stronger connection between the brand and its loyal supporters.</p>

<p>Venturing into NFTs, is not the company’s first digital innovation. The brand has previously collaborated with the world-building platform Roblox to offer virtual clothing items, expanding its presence in the virtual realm.</p>

<p>Joining the ranks of other renowned fashion brands such as Nike, Adidas, Dolce &amp; Gabbana, and Gucci, Lacoste's foray into the NFT space underscores the increasing interest within the fashion industry to explore NFTs' potential in enhancing brand engagement and customer experiences.</p>

<p>By expanding its NFT ecosystem and introducing rewards and co-creation features, Lacoste demonstrates its commitment to innovation and embracing the digital revolution. The brand harnesses the power of NFTs to provide its UNDW3 community with immersive experiences and a platform for creative expression.</p>

<h3>Blockchain, a new trend across industries</h3>

<p>As fashion brands like Lacoste continue to embrace NFTs, it becomes evident that the fusion of fashion and blockchain technology holds immense potential in redefining customer experiences and engagement in the digital age.</p>

<p>Lacoste's adoption of web3 technology is part of a larger trend across industries, where brands are venturing into uncharted territory to mould their own paths.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/blockchain/nft/story/cristiano-ronaldo-launches-2nd-nft-collection-titled-forevercr7-the-goat-teams-up-with-binance-608167-2023-07-03">Cristiano Ronaldo launches 2nd NFT collection, teams up with Binance</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>An example of this is the recent collaboration between the Warner Music Group and Polygon, Ethereum's Layer 2 solution. This partnership seeks to accelerate innovation at the intersection of music and web3, targeting companies and entrepreneurs eager to revolutionise the music industry.</p>

<p>Through decentralised music production and distribution systems, innovative ticketing solutions, and the integration of music with interactive technologies and games, this collaboration aims to shape the future of music in the digital era.</p>


To encourage active involvement, Lacoste's dedicated site rewards users with points for their engagement.


Brand to encourage engagement and active involvement by dedicating site rewards to users

Lacoste aims to foster co-creation and engagement within its community

Lacoste introduces NFT reward system

 Lacoste to dive deep into Web3 exploration, expands its NFT ecosystem

 Lacoste's new NFT rewards system & interactive features 

Artificial Intelligence

Emerging Tech

<p>The Ministry of Home Affairs has announced hosting the ‘G20 Conference on Crime and Security in the Age of NFTs, AI &amp; Metaverse’ on 13 and 14 July, 2023. The event will take place in Gurugram, Haryana. It will bring together G20 nations, 9 special invitee nations, and subject matter experts from all around the world to explore the difficulties presented by these emerging technologies.</p>

<div class="embedcode">
<blockquote class="twitter-tweet">
<p dir="ltr" lang="en">MHA to host “G20 Conference on Crime and Security in the Age of NFTs, AI &amp; Metaverse” on 13-14 July. It will bring together G20 countries,9 special invitee countries &amp; domain experts around the world to delve into the challenges of advancing technologies.<a href="https://twitter.com/hashtag/G20India?src=hash&amp;ref_src=twsrc%5Etfw">#G20India</a> <a href="https://twitter.com/hashtag/Cybercrime?src=hash&amp;ref_src=twsrc%5Etfw">#Cybercrime</a> <a href="https://t.co/LI60cj9atH">pic.twitter.com/LI60cj9atH</a></p>
— Spokesperson, Ministry of Home Affairs (@PIBHomeAffairs) <a href="https://twitter.com/PIBHomeAffairs/status/1675789325844496384?ref_src=twsrc%5Etfw">July 3, 2023</a></blockquote>
<script async="" charset="utf-8" src="https://platform.twitter.com/widgets.js"></script></div>

<p>Several key government departments will collaborate to organise the two-day conference, including the Ministry of Electronics and Information Technology (MeitY), Ministry of External Affairs (MEA), National Security Council Secretariat (NSCS), and Central Bureau of Investigation (CBI).</p>

<h3>What’s the aim of G20 conference?</h3>

<p>In addition to the government departments, various renowned institutions will join as organising partners for the event. These include Rashtriya Raksha University, National Forensic Science University, National Law School of India University, Interpol, and the United Nations Office on Drugs and Crime (UNODC).</p>

<p>The conference aims to address the emerging challenges posed by advancements in technology, specifically focusing on NFTs (Non-Fungible Tokens), AI (Artificial Intelligence), and the Metaverse. With these technologies rapidly evolving, there is a need to understand their impact on crime and security.</p>

<div id="tab-link-wrapper-plugin">
<div class="heading-text">Also read</div>

<ul class="tab-link">
	<li class="editor-readmore"><a class="editor-rel-content" href="https://www.web3cafe.in/emerging-tech/story/japanese-researchers-utilise-mri-tech-to-show-individuals-their-own-dreams-608249-2023-07-03">Japanese researchers use MRI technology to show people their own dreams</a></li>
</ul>

<div id="tab-video-wrapper-plugin">&nbsp;</div>
</div>

<p>Moreover, the conference will provide a platform for experts, policymakers, and stakeholders to exchange ideas, share best practices, and propose strategies to tackle potential threats in this evolving landscape.</p>

<p>The event is expected to attract participants from G20 member countries, international organisations, academia, and industry. Through engaging panel discussions, presentations, and workshops, the conference aims to foster collaboration and promote innovative solutions to combat crime and ensure security in the digital age.</p>

<h3>What was discussed at the Round Table in 2023?</h3>

<p>Previously, on 12 May 2023, the Ministry of Home Affairs organised a Round Table in New Delhi to provide details about the upcoming G20 Conference. The event was attended by ambassadors, high commissioners, and senior dignitaries from over 20 countries, along with senior officers from various Indian government ministries and partner organisations.</p>

<p>During the discussion, Union Home Secretary, Shri Ajay Kumar Bhalla, briefed the attendees about the key aspects of the upcoming conference. The conference aims to bring together G20 countries, guest or invited countries, and international bodies.</p>

<p>Additionally, it will involve the participation of Indian government ministries, organisations, Chief Secretaries, Administrators of States/Union Territories, Director Generals of Police, cyber experts, and guest speakers representing various sectors such as the legal fraternity, academia, training institutions, financial intermediaries, fintech, social media intermediaries, information and communication technology, cyber forensics, regulators, startups, over-the-top (OTT) service providers, e-commerce companies, and others.</p>

<h3>G20 Conference explores positive impact</h3>

<p>The above-mentioned conference has the potential to benefit our country in a number of ways. It will boost international collaboration, enabling policy creation, creating capacity, establishing partnerships, and tackling the difficulties posed by NFTs, AI, and the Metaverse in the context of crime and security.</p>


The conference aims to address the emerging challenges posed by advancements in technology, specifically focusing on NFTs, AI , and the Metaverse.


Home Affairs Ministry to host the G20 conference on 13 & 14 July 2023

The conference aims to tackle technology challenges, focusing on NFTs, AI, and the Metaverse

 G20 conference on digital crime: Harnessing NFTs, AI, & Metaverse for positive impact

G20 conference exploring digital crime 

<p>NFTs or non-fungible tokens are basically tokens on the blockchain that represent an artwork, a document or any form of a digital asset. NFT trading has picked up over the past couple of years with some of the biggest celebrities launching their own NFT collection. While many look at NFT as glorified internet images, this technology offers a lot more. In this section, we'll talk about some of the latest developments in the NFTs space and how this technology is evolving.&nbsp;</p>
