Daily Web3 Headlines You Need To Know

08 September #NFT #Developers #Metaverse #DeFi & Trading #Policy & Law

🖼 NFT

Sony Music files trademark application for NFT-authenticated music
American music giant Sony Music Entertainment has signaled intentions to utilize non-fungible tokens (NFTs) after filing a trademark application covering music and artists under the Columbia Records logo. According to an Aug. 30 trademark application to the United States Patent and Trademark Office (USPTO) shared by trademark attorney Mike Kondoudis on Sept. 6, the application covers “audio and video recordings featuring live musical performances authenticated by NFTs.”…(Read More)

NFT Game Consultant Says Poor People Could Be NPCs
Players in developing countries could work as NPCs in wealthier players’ worlds, according to one game consultant. “With the cheap labor of a developing country, you could use people in the Philippines as NPCs (non-playable characters), real-life NPCs in your game,” said Mikhai Kossar, who is a chartered accountant and member of WolvesDAO…(Read More)

PUMA Leaps Into the Metaverse With Its First Digital Experience
If you’re a footwear company and you’re not diving into the metaverse then you’re already ten steps behind. Between Nike‘s innovative partnership with RTFKT and adidas’ rollout with Prada, the space is quickly seeing growth in the space, and now PUMA (XETRA:PUM.DE -0.97%) is up next. The German sportswear brand has just announced Black Station — its first metaverse website experience…(Read More)

🔗 Developers

Spice AI Raises $13.5 Million Seed Funding to Enable Web3 Developers to Build Data and AI-driven Applications
Sprice AI today announced a seed round of $13.5 million for its platform that enables developers to build data driven applications for Web3. Madrona led the round with Australia based Blackbird Ventures, Basis Set Ventures, Alumni Ventures Blockchain Fund, Joe McCann’s new Asymmetric fund, Protocol Labs, IEX Fund, and other strategic angel investors participating, including Thomas Dohmke, CEO of GitHub, who is also joining the board…(Read More)

Xterio game publisher and developer raises $40M for mobile Web3 games
Game publisher and developer Xterio has raised over $40M in funding from investors such as FunPlus to fuel their Web3 games ambitions. The Xterio platform is designed and developed by the Xterio Foundation, a not-for-profit foundation based in Switzerland, the platform also offers the technology to make the transition from Web2 to Web3 easier for gamemakers. The company already has teams and studios globally, including in San Francisco, Los Angeles, Tokyo and Singapore…(Read More)

🌖 Metaverse

The metaverse is the future — but are current platforms failing users?
Many virtual worlds are making bold promises about what they plan to achieve in the years to come, yet lack a tangible product people can try out now. Even those that have launched often suffer from poor graphics, a disappointing user experience, or a lack of quality content. This is a bigger problem than meets the eye. If a customer’s first impression of a metaverse is one of disappointment or frustration, they probably won’t be back in a hurry…(Read More)

📈 DeFi & Trading

Voyager Digital assets auction set for Sept. 13 after being rescheduled from August
Bankrupt centralized crypto lender Voyager Digital filed a notice Tuesday with United States Bankruptcy Court for the Southern District of New York informing the court of its intention to hold an auction of its remaining assets. The auction is proposed to take place on Sept. 13 at the Manhattan office of Digital Voyager’s investment banker Moelis & Company, with a hearing to approve the results on Sept. 29. Offers for the lender’s assets that have already been submitted…(Read More)

Ether price could ‘decouple’ from other crypto post Merge — Chainalysis
Crypto analytics firm Chainalysis has suggested that the price of Ether (ETH) could decouple from other crypto assets post-Merge, with staking yields potentially driving strong institutional adoption. In a Sept. 7 report, Chainalysis explained that the upcoming Ethereum upgrade would introduce institutional investors to staking yields similar to certain instruments such as bonds and commodities, while also becoming much more eco-friendly…(Read More)

Binance US launches low-barrier Ethereum staking ahead of The Merge
On Wednesday, the U.S. subsidiary of cryptocurrency exchange Binance announced that it would introduce an Ethereum staking program with annual percentage yields of up to 6.0%. Unlike direct staking on the Ethereum network, which would require 32 Ether (ETH), only 0.001 ETH would be required under the new service introduced by Binance US…(Read More)

⚖️ Policy & Law

Vermont’s financial regulator alleges Celsius and its CEO made ‘false and misleading claims’
The ​​Vermont Department of Financial Regulation, or DFR, alleged crypto lending platform Celsius Network and CEO Alex Mashinsky misled state regulators about the firm’s financial health and its compliance with securities laws. In a Wednesday filing with the United States Bankruptcy Court in the Southern District of New York, Vermont’s financial regulator said Celsius and Mashinsky “made false and misleading claims to investors,” which allegedly downplayed concerns about volatility in the crypto market and encouraged retail investors to leave their funds on the platform or make new investments…(Read More)

🔥 Events

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