Industry leading metaverse avatar platform Genies has raised $150 million in a recent funding round, pushing its overall value to over $1 billion. Global technology investment firm Silver Lake led the round, with participation also coming from Bond, NEA, and Tamarack Global. With aid from its employee portfolio that now extends beyond 100, the company says it will use the…
To kick off its recently announced $150 million Ronin Bridge breach reimbursement program, Sky Mavis have decided to adopt a ‘if you can’t beat them, ask them’ approach, as it will be offering up to $1 million to ‘white hats’ (a.k.a cybersecurity vigilantes) who can identify and disclose information on the security vulnerabilities of its network. The Axie Infinity developers took…
Over at the Meta HQ, team Zuckerberg is busy fine tuning its up coming Horizon Worlds metaverse. Most notably, calculating how to milk its customer base for as much dinero as is humanly possible. In a recent announcement, Meta revealed that it would allow its creators to monetize virtual content via the platform. Therefore, providing additional revenue through the trade…
The market just retraced a bit and so did NFT prices. Even LooksRare and OpenSea have been taking a big hit in the last couple of weeks with a reduction of 30-50% of the trading volume. There is still money being traded in the top collections, and capital is leaving from the smaller collections and moving to the bigger collection.…
Axie Infinity product designer Jeff Kam has taken to Twitter to shed light on a new update to the game’s marketplace. Simply described as ‘exciting,’ the new feature will allow users to buy Axies and other assets using any token, followed by a ‘part 2’ in the coming weeks, which will complete the trade circle by allowing users to begin…
As many governments drag their feet when it comes to environmental stability, layer 2 sensation, Polygon, will take a proactive stance in the matter. As a result, it has reserved a mighty war chest of $20 Million to ensure carbon negativity on its platform. Polygon recently unveiled its “Green Manifesto: A Smart Contract with Planet Earth”. A worthy endeavour to…
A little over a year on from its initial sale, Jack Dorsey’s first ever tweet has made a reappearance on the NFT market. This time around however, the item has garnered very little enthusiasm from the NFT community. Current owner, Sina Estavi, listed the item on Opensea for an eyewatering 14,969 ETH, $46 Million at current prices. While additionally pledging…
Serenade, an NFT marketplace for collecting music-related digital collectibles, has raised $6 million in a recent investment round. Based out of Sydney, Australia, it was apt that the most notable contributor of the round was no other than fellow countryman and A-list actor, Hugh Jackman. Joining Jackman in the funding round were an array of other music industry entities, such…
World spanning French retail giant, Carrefour, is causing a buzz in the metaverse with its Sandbox-based mission to save the bees. The giant retailer recently launched a supermarket in the virtual realm in celebration of the essential pollinators. Carrefour will kick off its brand new non-fungible enterprise with the launch of its very own NFT collection. As a result, 15…
Human beings have always been storytellers. However, it’s clear that we have placed a huge importance on images as well. Of course, the earliest knowledge was passed down orally, but from the depths of our shared past, there’s a tremendous amount of evidence that visual storytelling was of supreme importance to people – long before written language was invented. We…
