NFT and Metaverse Weekly Report

The Trust Project is a worldwide group of news organizations working to establish transparency standards.

M.Post is happy to introduce the new weekly report featuring all of the past week’s Metaverse news in one place!

  • BLVCK Paris, a lifestyle fashion brand, has revealed the creation of a Genesis NFT Collection. It’s going to include 9,999 NFT avatars with the graphics created by Julian O’hayon. The official mint date is still to be revealed. 

  • BAYC and SUPERPLASTIC released Vinyl Collectibles. The drop started on April 14th and is already sold out on primary market. 

  • The Council of Fashion Designers in America announced the creation of a Metaverse educational program in collaboration with The Sandbox and Polygon Studios. The aim is to establish a web3 blueprint for American fashion in the Metaverse.
  • Japanese social media Line launched LINE NFT, an NFT marketplace. In order to develop the marketplace, Line is going to partner with Yoshimoto Kogyo, an entertainment conglomerate, and LVC Corporation, Line’s crypto and blockchain unit. 

  • Punk6529 holder launched an Open Metaverse Museum District. The museum currently features CryptoPunks, Bored Apes and ArtBlocks NFTs. The project is aimed at creating a virtual city called ‘OM’, that would have the capacity to support 100 million users. 

  • Logan Paul, an American YouTuber and entertainer released 99 originals, an NFT-DAO project. Nonetheless the great marketing, Twitter users remind their followers Logan’s projects are very likely to be scams. 

  • Sony and Kirkbi, the LEGO owner, invested $2B in Epic Games. The partnership among the three major companies is aimed at creating a ‘family-friendly’ Metaverse for kids.

  • Meta lets users sell virtual items in Horizon Worlds. Horizon is going to take 25 percent of each sale, after the App Store fee, which is 30 percent. A creator would receive 45 percent of the sale, less than a half. Still, the management of Meta believes that this strategy is going to be a pretty competitive rate for the creators. 

  • Fidelity Investments is planning to offer 2 exchange-traded funds for investors to gain exposure on blockchain and digital payment ecosystems. 

  • Mastercard filed 15 NFT and Metaverse trademarks, including applications for ‘MASTERCARD’, the Circles Logo, and ‘PRICELESS’. The trademarks are going to be used in processing the virtual cards, payments and transactions; as well as concerts, sporting and cultural events; travel experiences and other kinds of events in the Metaverse and other virtual worlds. 

  • Bored Ape Yacht Club and Coinbase are crafting an Interactive Movie Trilogy, where BAYC NFT holders can cast their apes. The chosen ape owners will give perpetual IP rights for the projects and will be compensated by $10,000 worth of ApeCoin or Bitcoin.

  • NBA filed 4 NFT trademarks, including use of the phrase “THE ASSOCIATION” for non-fungible tokens.
  • Animoca Brands acquired Eden Games, the creator of Need for Speed and other racing games. Animoca Brands is supposedly working on the REVV Motorsport ecosystem, introducing NFT Race Passes and other digital assets within the games. 

  • Samsung launched ‘Galaxy S22 Treasure Hunt’, a Metaverse game that would let users win a Galaxy S22 Samsung smartphone. The game is hosted on the My House platform, open for participation until April 24th.  

  • DressX partnered with French department store Printemps for the first-ever promotion of digital-only pieces within a physical store. The pop-up store will be open until May 18th on the ground floor of Printemps. 

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Valeria Goncharenko

Valeria is an Italy-based writer passionate about Web3 and innovation. She is getting her second Major in International Business Management while dedicating her spare time to photography and fashion.

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