In this week’s newsletter, read about why the food and drink non-fungible token (NFT) market is expected to exceed $2 billion by 2032, Bruce Lee’s avatar has entered the Metaverse, and the British Museum’s virtual See how you’re using your tokens. Space that teaches world history. In other news, find out how NFT-style debit cards could be the future of Web3 Also, don’t forget his Nifty news this week featuring Yuga Labs’ acquisition of Metaverse Studios.
Here’s how major food and beverage brands are using NFTs: Report
A report from Research and Market predicts that the global food and beverage NFT market will exceed $2 billion by 2032. According to the report, the key factors supporting growth include the adoption of blockchain and the demand for transparency and traceability of NFTs in the food industry.
Within the industry, various brands such as Pizza Hut and Papa John’s have already started dipping their toes into this space after releasing NFT collections.
Sandbox and the British Museum bring art and history to the Metaverse
Metaverse platform The Sandbox has partnered with the British Museum to create a user experience that delves deep into the world’s history. This partnership will enable the museum to generate digital collectibles that reflect the diverse collections within the museum.
According to The Sandbox co-founder Sebastien Borget, this is an opportunity for players to learn about human history, art, and culture through the British Museum.
Bruce Lee avatar teaching martial arts in the Metaverse
The avatar of popular actor and martial artist Bruce Lee will be teaching martial arts in the Metaverse through a tribute event. Metaverse platform ByteDance will host the event in partnership with Bruce Lee’s daughter Shannon Lee.
Users who create avatars with Ethereum and Polygon can interact with Bruce Lee’s avatar using playable characters within the Bite City Metaverse. The game can be played on desktop and mobile devices.
NFT-style debit cards are the future of Web3 — Animoca founder invests $30 million
In an interview with Cointelegraph, Animoca Brands co-founder Yat Siu expressed confidence in the potential of customizable NFT-style crypto debit cards. According to Siu, this is an example of a shift towards personalization, where Web3 allows users to express themselves in new ways.
Mr. Siu’s investment firm also allocated $30 million to a neobank platform called “Hi.” The platform’s crypto-friendly debit cards allow users to personalize their physical cards with NFT avatars.
Nifty News: Yuga Labs acquires Metaverse Studios, Etihad NFT staking takes off, etc.
NFT company Yuga Labs plans to acquire metaverse construction startup Roar Studios in an effort to further promote the Otherside metaverse. Meanwhile, Etihad Airways, one of the two national airlines in the United Arab Emirates, announced an NFT staking loyalty program called Horizon Club.
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