Category: Industry
Disney Dives Into NFTs With Dapper Labs Collaboration
Disney is launching the Disney Pinnacle app with help from Dapper Labs to bring beloved Disney characters into the realm of digital collectibles and NFTs.
PayPal files patent for NFT Marketplace
PayPal seeks to capitalize on burgeoning NFT interest by filing a patent for an all-encompassing NFT marketplace supporting tokenized art, assets, tickets, and more. In March 2022, PayPal filed a patent application detailing plans for a robust NFT marketplace with fractionalized purchases, DAO integration, creator royalties, and off-chain transactions. The pending patent solidifies PayPal’s ambitions to dominate the crypto space.
NFT Restaurant Sho Scrapped Amid San Francisco’s Decline
The anticipated luxury Sho restaurant in San Francisco, which planned to offer exclusive NFT memberships, has been scrapped. Sho’s CEO Joshua Sigel cited concerns including rising construction costs and worries over San Francisco’s future as reasons. The restaurant was touted as a fine dining Japanese experience atop Salesforce Park. Its NFT memberships ranging up to $300,000 offered tiered perks and trading potential. However, permits were never obtained and only around 100 NFTs were presold before the project was canceled. The dissolution reveals challenges facing ambitious projects in San Francisco’s declining landscape.
MrBeast Faces Backlash Over Creator League
MrBeast sparked anger after it was uncovered his new Creator League esports tournament secretly involved controversial NFTs, which was not disclosed to participants or fans.
Lufthansa Soars Into Web3 With Uptrip NFT Loyalty Program for Frequent Fliers
Lufthansa is modernizing customer loyalty via Uptrip – an NFT trading game offering themed collectibles and unlockable flight benefits for frequent fliers.
BAPE and Adidas Launch Exclusive ‘Fresh Forum’ Sneaker as Historic NFT Auction
BAPE will auction 100 exclusive ‘Fresh Forum’ sneakers as NFTs on MoonPay, granting owners access to both physical shoes and digital twins. The brands lead the way in phygital web3 innovation.
Paris Hilton Launches Slivingland on Roblox
With the launch of Slivingland in Roblox, Paris Hilton cements her status as a metaverse pioneer. The innovative virtual world fuses entertainment, branding, and community.
Coca-Cola Debuts “Masterpiece” NFT Collection
Coca-Cola has released its inaugural NFT collection “Masterpiece” featuring eight unique artworks that blend classical paintings with modern pop art motifs.
Grimes Made More Money From NFTs
Despite making millions selling her art in 2021, Grimes now critiques how NFTs became polluted by profit-seekers, contributing to the space’s crash. But she maintains hope for an NFT renaissance.