Daily Web3 Headlines You Need To Know

15 November #NFT #Metaverse #GameFi #DeFi&Trading #Policy&Law

🖼 NFT

Bored Ape Creator Yuga Labs Acquires Beeple’s WENEW, 10KTF NFT Project
Bored Ape Yacht Club creator Yuga Labs isn’t done expanding. After purchasing the CryptoPunks and Meebits NFT project IP from Larva Labs in March, the startup today announced that it has acquired NFT startup WENEW, co-founded by famed artist Mike “Beeple” Winkelmann…(Read More)

Patent Suggests PlayStation Exploring Use of NFTs in Games
A new patent by Sony Interactive Entertainment that was published this month with a July 5, 2021 application date suggests PlayStation is exploring the use of NFTs and Blockchain technology in games. The title of the patent reads “Tracking Unique In-Game Digital Assets Using Tokens on a Distributed Ledger” and is about creating a system that could track unique in-game digital content…(Read More)

🌖 Metaverse

‘No longer science fiction’? Metaverse could pump $1.4 trillion a year into Asia’s GDP, report says
Meta’s huge bet on the metaverse may have put the company in dire straits, but a new Deloitte report suggests that virtual realities could have a “transformational impact” on Asian economies. The metaverse’s contribution to gross domestic product in Asia could be between $800 billion and $1.4 trillion per year by 2035, said the consulting company…(Read More)

Nike’s .Swoosh Metaverse Platform Is Here Brendan Dunne BY
Nike is taking one step further into the metaverse today with the debut of .Swoosh, a new platform that will be the home to the sportswear brand’s virtual footwear, apparel, and accessories. Nike wants to build a robust web3 community in .Swoosh (pronounced “dot Swoosh”) where users will one day be able to gain access to exclusive events, collaborate with Nike designers on virtual product, and even earn royalties from the sale of those products…(Read More)

Revolutionary Changed In Education System With 5G and Metaverse
With the advent of 5G and Metaverse, education is going to move into a new realm as the digital era continues to dominate our society. 5G in education might turn out to be a bright future. Students will gain new skills by having access to high-quality teaching and learning resources. Millions of students were able to access higher-quality education…(Read More)

Apply Will Launch Its Own Metaverse Alongside Its AR/VR Headset
Apple plans to introduce its own metaverse, imitating its rival Meta. The debut of the company’s mixed reality headset will be accompanied by this online environment. Apple is also putting together a ton of specific content at the same time, including productivity apps…(Read More)

👾 Game-Fi

Inaugural Gam3 Awards to honor the best Web3 games of 2022
The awards ceremony intends to recognize this year’s best Web3 games, highlight the developers behind them, and showcase blockchain as a net plus to the gaming industry. In the announcement, the Gam3 Awards said it hopes to celebrate the future generation of Web3-gaming builders by inviting game studios to nominate and recognize their own employees, developers and professionals across specializations who represent the future of Web3 gaming…(Read More)

Game Over: This Oculus VR Headset Kills You IRL If Your Video Game Character Dies
Imagine if your character’s death in a video game also causes your demise in real life — such a scenario sounds like something right out of a horror flick or British dystopian series Black Mirror. Terrifyingly, it’s set to become reality. It is true that new-age simulated games and gaming sets are blurring the lines between the physical and virtual worlds. However, Oculus founder Palmer Luckey is taking this to new extremes by claiming that his latest VR headset will literally kill the player when their gaming avatar or character dies…(Read More)

📈 DeFi / Trading

FTX Hacker Panicked, Still Holds $339M in Ether, Cryptos: Arkham Intelligence
The mysterious looter of bankrupt crypto exchange FTX, who is likely an insider according to a blockchain expert, holds $339 million of digital assets that they drained from the exchange late Friday, according to crypto intelligence platform Arkham Intelligence. Arkham found that the wallets associated with the exploiter hold $215 million in ETH…(Read More)

Paxos Ordered by US Officials to Freeze $19M in Crypto Tied to FTX
U.S. federal authorities have ordered cryptocurrency issuer Paxos to freeze $19 million worth of crypto tied to the bankrupt FTX exchange, the company announced on Saturday. The order comes after the U.S. Justice Department launched an investigation into the rapid collapse of Sam Bankman-Fried’s crypto empire last week…(Read More)

Bitcoin Mining Firm TeraWulf Raised $17M of Capital in Q3, But Cash Reserves Remain Low
Bitcoin mining company TeraWulf (WULF) raised $17 million in capital in the third quarter, but its liquidity remains at $4.5 million, according to a statement on its third quarter earnings released after the market close on Monday. The $17 million came from $9.5 million in equity from existing investors and $7.5 million of incremental proceeds under a term loan…(Read More)

⚖️ Policy & Law

Turkish Law Enforcement Investigating FTX’s Local Arm Following Wipeout
Turkey’s Financial Crimes Investigation Agency is investigating FTX.com following the crypto exchange’s dramatic collapse last week, according to an official notice published on Monday. The agency will look into people, institutions, banks and crypto service providers related to FTX, the notice said. This may include local subsidiary FTX Turkey, which is listed among 134 entities tied to Sam Bankman-Fried’s FTX.com that are now seeking protection from bankruptcy in the U.S…(Read More)

CFTC Pushes Back Against Amicus Briefs in Ooki DAO Lawsuit
The U.S. Commodity Futures Trading Commission (CFTC) on Monday hit back against four amicus briefs filed on behalf of Ooki DAO, a decentralized autonomous organization (DAO) which the CFTC sued in September for allegedly violating federal commodities laws by illegally offering leveraged and margin crypto trading products to U.S. investors…(Read More)

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