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Nike & EA bringing NFTs to video games, Asia rising, and an eye-watering Sequence C Acquire US

Story One

Nike and EA bringing NFTs to video games

Whereas issues are relatively dire in NFT land, firms exterior of the area appear to prepared the ground concerning retail adoption.

EA, the gaming firm behind FIFA and different sports activities titles, has partnered with Nike’s .Swoosh platform to carry digital items to its video games and allow gamers to precise themselves creatively by customizing their groups with their favourite Nike gear.

It is not Nike’s first transfer on this planet of web3. In December 2021, the sportswear big acquired the digital vogue platform RTFKT and has since ventured into the enterprise of digital sneakers and phygitals. As a result of why hassle strolling irl when you can stroll within the Metaverse, am I proper? 👟

.Swoosh, Nike’s web3 market, launched its first sale in Could this yr and raised over $1 million regardless of technical points and the web site incessantly crashing as a consequence of bots.

Some customers rapidly identified that they’d count on extra from a multi-billion greenback firm recognized for its capability to tug off unique launches drawing large queues.

Not a lot element is thought concerning the integration. Nonetheless, you will get a primary style with the teaser video, or just look forward to the discharge in “the approaching months.”

Key Takeaway: Neither Nike nor EA have used the time period NFT to consult with their objects. As a substitute, they’re calling them digital creations. Perhaps it is time for us to maneuver away from throwing technical phrases round to place our digital creations.

Story Two

Asia rising?

The US is step by step turning into much less pleasant towards crypto as they proceed suing crypto exchanges. Nonetheless, issues look brighter in Asia, the place Hong Kong has eased its stance on retail crypto buying and selling after cracking down on it in 2021 when Mainland China banned crypto altogether. Curiously, this transfer coincides with Beijing releasing a whitepaper about web3 innovation that acknowledges web3’s inevitability and talks about enhancing coverage assist and progress.

And everyone knows China is not one to dodge a progress alternative.

Going even additional East, even Japan has just lately made modifications to facilitate crypto innovation and loosing up its robust tax regime.

Key Takeaway: Crypto has change into too huge for international locations to disregard. The place one door closes, one other opens when it comes to regulatory environments.

Story Three

Eye-watering Sequence C

It is a bear market, however not when you’re the CEO of OpenAI elevating to your different firm. Worldcoin has managed to obtain $115 million from VCs in its sequence C to construct out its community.

Worldcoin guarantees to ship a proof-of-humanity protocol. Anybody signing up for a Worldcoin ID has to seek out an Orb, an iris scanner that has eerie similarities to the demise star, and get scanned. By doing so, they confirm that they’re an actual individual and obtain a token for it.

Nike & EA bringing NFTs to video games, Asia rising, and an eye-watering Sequence C Acquire US Obtain US

If this sounds dystopian to you, you are not alone. Even their lead investor admits in a thread aimed toward rebutting issues that, at first, it sounded like an Orwellian nightmare.

Sadly, he forgot to seek out strong arguments towards the dystopia. It does not assist {that a} Black Marketplace for Worldcoin credentials popped up, and an MIT expertise assessment discovered that Worldcoin Operators had used misleading practices to gather extra private knowledge than agreed upon.

Key Takeaway: As AI advances, the issue of how we differentiate between people and bots will irritate. Options are wanted, however, regardless of what all these VCs say, scanning your Iris and storing it with a crew that has a foul monitor file with consent and privateness appears a foul thought.

The very fact of the Week: 2.8 kg that is how a lot a Worldcoin Orb weighs.

– Naomi from CoinJar

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