NFT Review 37 - Even Wall Street is adopting
NFT Review 37 - Even Wall Street is adopting
JP Morgan opens branch in metaverse, McDonalds guns for McMetaverse, DaVinci is born, and more.
NFT Review is a weekly newsletter covering NFTs in the Web3 ecosystem on Polkadot’s side of the woods. The newsletter is put together by Bruno Škvorc and gbaci.
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Dear NFT enthusiast,
Last week came with some pretty big news. First was the report that JPMorgan is officially the first major bank in the Metaverse, having opened a virtual lounge in blockchain-based Decentraland in an effort to capitalise on a “$1 trillion market opportunity”. The $1 trillion market opportunity bit was culled from the megabank’s new report on Opportunities in the Metaverse.
As if that wasn’t bullish enough, reports surfaced that the New York Stock Exchange, or NYSE, has filed a trademark application for trading NFTs.
Anyone who understands knows that it doesn’t get more mainstream than Wall Street. When they enter, they enter with deep wells of liquidity and advertising. In summary, NFT and metaverse adoption is only going to speed up from here. I mean, even Disney and McDonald's are trying to get in. Read on to get the gist.
Thank you for reading and have a great week.
— NFT Review
📬 NFT News from Kusama & Polkadot
Royalties are coming to Singular…soon.
PhalaWorld hosted a Twitter space with Marvin Tong and Bruno Škvorc to discuss the Phala x RMRK partnership.
Exosama, the first DotSama NFT RPG game (currently in production), revealed the artwork for some characters.
Bit Country founder Ray Lu will be on PhalaWorld’s Twitter space to discuss the future of the PhalaWorld metaverse.
RiRiGoneWild had a chat with Shannon CZ, co-founder and CTO of Bit Country.
Moonsama community launched a new wiki to ensure correct information is readily available to enthusiasts.
Cere Network and Polygon partnered up to launch Web3 media platform, DaVinci.
🗞 NFT News from Ethereum and Beyond
JPMorgan is officially the first major bank in the Metaverse, having opened a virtual lounge in blockchain-based Decentraland in an effort to capitalise on a “$1 trillion” market opportunity.
Disney has appointed a leader for its metaverse strategy.
Animoca Brands has launched a subsidiary in Japan after raising $10 million in seed funding.
Rarible have teamed up with virtual reality platform Cyber to create a fully immersive virtual NFT marketplace.
The New York Stock Exchange, or NYSE, has filed a trademark application for trading NFTs.
CryptoPunks community reacts to the ongoing copyright battle between v1 and v2.
OpenSea launched a server on Metalink to give the verified owners of its collections a direct channel for support, feedback and updates.
Cent, an NFT platform famous for minting Jack Dorsey’s first tweet, has halted NFT operations amid counterfeiting and illicit activity calls.
Where do crypto donations go? Here are six charities that have benefited, as told by The Giving Block.
UK tax authority makes first NFT seizure in VAT fraud case.
OnlyFans offers NFT profile picture feature.
YouTube is looking at NFT integrations to provide new methods for creators to engage with fans and develop additional revenue streams.
UN approves NFT standards initiative led by Chinese entertainment conglomerate Tencent.
FarmVille developer Zynga set to release its first NFT game this year.
The open beta for NFT turn-based card game Skyweaver is live.
McDonald’s filed trademarks for McMetaverse restaurants… that deliver.
OpenSea published a dev upgrade guide for its new Wyvern 2.3 marketplace smart contract.
Lens Protocol, Web3 social media infra powered by NFTs and built by the minds behind Aave, has arrived.
Midwit, a generative Web3 UI for any smart contract, is coming to Mirror.
YouTube is reportedly exploring support for NFTs.
Zora opened up two new protocol modules, Collection Offers and Reserve Auctions, to community review.
CryptoPunk #5577 sold for 2,501 ETH, marking the third most-expensive onchain Punk transaction yet.
Sotheby’s will auction off +100 CryptoPunks in an upcoming Punk It! event.
Bud Light published its Super Bowl commercial featuring Noun glasses from Nouns DAO NFTs.
Cool Pets public sale sold out in less than two minutes.
Sup, the newly formed group set to steer the Blitmap universe, Supdrive, and beyond, raised $12M in a seed round led by paradigm.
AssangeDAO purchased Clock by Pak x Julian Assange for nearly 16.6k ETH.
Axie Infinity Season 20 is now live.
Strider, a project focused on helping game creators take control of their own content via NFTs, raised $3M.
RAC, a Grammy-winning producer, launched a Web3 portal for $RAC holders called racOS v0.1.
Decentraland wearable creators can now import an entire outfit as a single wearable.
LooksRare shifted into Phase 2 of its LOOKS token emission schedule.
NFTX is preparing to go multi-chain.
Bankless released comprehensive guides for cool NFT tools for Q1 2022 and NFT project red flags (note that this list of red flags is focused on Ethereum-based projects).
That’s all for this week, see you in the next edition! Got some links to share with us, artists to feature, NFTs to sell, jobs to promote, or events to popularize? Get in touch with Bruno or gbaci!