Daily Web3 Headlines You Need To Know

Seed Web3 Daily
4 min readNov 16, 2022

16 November #NFT #Developers #Metaverse #GameFi #DeFi&Trading #Policy&Law

Save Tuvalu? build it in Metaverse (Source:george soisi samuels)


Sony Files Patent for Tracking In-Game Digital Assets With NFTs
Newly published documents reveal that global entertainment giant Sony applied for a patent in 2021 for a system that tracks digital assets in video games using blockchain technology — specifically NFTs. The patent was made public on November 10, 2022. Sony — a Japanese multinational technology conglomerate known for its PlayStation gaming consoles — points to the worldwide popularity of gaming…(Read More)

Explained: Manchester United’s NFT collection and what it means for fans
That’s the message Manchester United want to send as they become the latest sports team to unveil a range of non-fungible tokens (NFTs), a word increasingly synonymous with scammers, grifters, and lines on graphs that plunge downwards. United believe the sector can have real positives for its fans around the globe and is launching a new collection of NFTs which the club hope will form a…(Read More)

NFT-Linked Sandals Worn by Steve Jobs Sell for $218,000
A pair of Birkenstock sandals “personally owned and worn” by Apple visionary Steve Jobs was sold on Sunday to an unknown buyer for over $218,000. The sandals, which were worn by Jobs “during many pivotal moments in Apple’s history,” according to Julien’s Auctions, came with an exclusive 1-of-1 digital representation minted on the Polygon blockchain…(Read More)

🔗 Developers

Gitcoin and OKX to Partner on Support for Developer Community and Public Good
OKX, the world’s second-largest cryptocurrency exchange by trading volume and a leading web3 ecosystem, has entered into a strategic partnership with Gitcoin to support the developer community and the use of novel funding mechanisms for the public good in the crypto space…(Read More)

🌖 Metaverse

The Pacific island nation of Tuvalu is turning to the metaverse to preserve its culture
With global temperatures expected to rise as much as 2.8 degrees Celsius by the end of the century, the island nation of Tuvalu says it has no choice but to build a digital version of itself. On Tuesday, Simon Kofe, the country’s foreign minister, told the COP27 climate summit Tuvalu would look to the metaverse to preserve its culture and history amid rising sea levels…(Read More)

👾 Game-Fi

Binance Labs Supports Web3 Gaming, Invests in Ultimate Champions
Binance Labs, the accelerator and venture capital arm of the cryptocurrency exchange, Binance, announced on Tuesday that it has made a $4 million investment in the Web3 sports game platform dubbed Ultimate Champions. Due to the recent move, Binance Labs wants to support the Web3 gaming industry and help build a free-to-play fantasy sports platform using its blockchain technology, BNB Chain…(Read More)

📈 DeFi / Trading

FCA Has No Good News for FTX Customers
The Financial Conduct Authority (FCA), the UK’s financial markets regulator, recently presented a short notice for concerned FTX customers from Great Britain. The institution merely reminds us that it does not regulate the cryptocurrency market and investors are most likely left to face this problem on their own…(Read More)

Genesis Vision to Suspend Services amid Russia Exposure
Genesis Vision, a blockchain-based private trust management market, is suspending its services, citing its deep ties with Russia, the company announced. “All our legal entities were originally highly affiliated with Russian citizens and due to the growing sanction pressures, we have now been forced to suspend company services,” Genesis Vision wrote on its official blog on Monday…(Read More)

⚖️ Policy & Law

ASIC Suspends FTX’s AFS License
The Australian Securities and Investments Commission (ASIC) has suspended the license of FTX Australia Pty Ltd, the local subsidiary of troubled cryptocurrency exchange FTX.com, until 15 May 2023. The move came as the entity was placed under voluntary administration on 11 November…(Read More)

NY Fed launches 12-week CBDC pilot program with major banks
The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC. In a Nov. 15 announcement, the New York Fed said the program would explore the feasibility of an “interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger” on a regulated liability network…(Read More)

Thousands petition for congressional investigation of alleged Gensler–SBF links
Almost 4,000 people have used a CryptoLaw petition app to demand that Congress investigate United States Securities and Exchange Commission head Gary Gensler’s “actions in the FTX fraud,” the organization claimed in a tweet on the morning of Nov. 14. The CryptoLaw website is run by lawyer John Deaton, who is representing Ripple against the SEC and contributes frequently to the public discourse on the case…(Read More)

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