The infrastructure to rent NFTs for a limited time is provided by NFT rental protocols. They permit the transfer of NFT user rights without transferring ownership of the NFT. On the other hand, users who do not own an NFT can still benefit from its utilities and earn passive income. How does NFT renting work?…
Nokia is more well-known for its 3310 mobile phones, but the company is now looking into how to use the metaverse for business purposes. The company is looking for ways to use the metaverse to help workers who are located far away, from beer breweries to remote aircraft technicians. Two labs have been set up…
The International Criminal Police Organization is serious about educating its police force online. The ability of Interpol to use the metaverse to solve crimes is improving. In fact, Interpol will attempt to solve crimes and apprehend criminals by utilizing its virtual reality space, which is already operational. Jurgen Stock, Secretary General of Interpol, is of…
Blur, a new NFT marketplace, has surpassed Opensea, an established rival and NFT giant, in global market share. Blur has taken 46% of the weekly market share compared to OpenSea’s 36%, even though it only launched in October. Blur has had the highest daily trade volume in the NFT sector thus far in February, averaging…
By introducing its evolving dNFT version, Chainlink hopes to extend its DeFi dominance and enter the lucrative NFT market. Chainlink has dominated the DeFi sector, with many blockchains partnering with its token LINK to generate passive income. However, like all industry leaders, it wants to keep growing. Although the crypto winter is still thawing, the…
Despite Reality Labs’ unprecedented losses, Meta CEO Mark Zuckerberg was unwavering in his metaverse plans during the company’s Q4 earnings call. Despite Reality Labs’ loss of $13.7 billion in 2022, Meta continues to implement its metaverse strategies. Virtual reality and augmented reality are the primary focus areas for Reality Labs, Meta’s metaverse division. Reality Labs…
In a $30 million partnership, the FA has partnered with the NFT Fantasy Sports brand Sorare. The major announcement sees the official playing cards of all 20 English Premier League clubs added to the NFT collection by the Paris-based Web3 company. In addition to announcing Premier League NFTs, Sorare also revealed a number of gameplay…
MAP2EARN: Bringing Physical and Virtual Spaces Together Among the various strategies for building the metaverse, one is gaining ground. That means mapping the real world to create a mirror world and building augmented reality experiences on top of it. Geolocation-based 3D maps are the fundamental components of a metaverse that unites the real and virtual…
In the .SWOOSH Studio, Nike is inviting its community to collaborate on virtual sneakers. The .SWOOSH revolution is upon us! Yes, Nike has officially opened its new virtual creations facility. The community is being given the ability to collaborate with Nike and co-create in the Web3 studio. Consequently, four winners will work on a 1:1…
It turns out that Amazon intends to launch its own digital asset enterprise this spring, so the company intends to join the Web3 realm with its own NFT initiative. Blockworks has been informed of Amazon’s plans by at least five trustworthy sources who are familiar with the internal affairs of the company. It would appear…
