US-based banking giant JPMorgan finds that the metaverse will bring the need for new services and business models tailor-made for that digital era. It argues that this does not mean businesses should abstain from exploring the metaverse – and for companies interested in going down this path, JPMorgan has some advice…. Read More: Here…
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The popular Belvedere Museum in Vienna, Austria, in collaboration with the artèQ auction house, has turned Austrian painter Gustav Klimt’s famous masterpiece ‘The Kiss’ into 10,000 non-fungible tokens (NFTs). The collection dropped on Valentine’s Day and “each one is a unique part of the high-resolution image of The Kiss,” according to the official website….…
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The New York Stock Exchange (NYSE), the world’s largest stock exchange, has filed a trademark application with the United States Patent and Trademark Office (USPTO) to register the term “NYSE” for an array of metaverse- and non-fungible token (NFT)-related products. Trademark attorney Michael Kondoudis initially revealed the application, saying that the NYSE “is coming…
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Disney has created a specialized unit of senior employees and executives to oversee its move into the metaverse. Per Reuters and the BBC, which claim to have seen a Disney internal memo emailed to staff on the matter, Mike White, an executive who has been with Disney for over a decade, will oversee a…
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The market for non-fungible tokens (NFTs) showed signs of a cooldown last week, even as the prices of many cryptoassets have been on the rise. According to a new report from crypto research firm Delphi Digital, activity in the NFT market has slowed down over the past week, with the volume of NFTs traded…
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As part of its probe into a potential value-added tax (VAT) fraud, UK tax authority Her Majesty’s Revenue and Customs (HRMC) has confiscated three non-fungible tokens (NFTs) in what represents the first seizure of such assets by a British government institution. On HMRC’s initiative, three persons accused of attempting to defraud the agency of…
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An avid non-fungible token (NFT) collector and ethereum (ETH) holder has made history by spending a whopping USD 23 million worth of ETH on a CryptoPunk token – the highest fee ever forked out for an item in the so-called “OG” collection…. Read More: Rare ‘Alien’ CryptoPunk NFT Sells for USD 23M Worth of…
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In 2022, YouTube aims to roll out a number of new functionalities, tools, and products for the company’s creators, viewers, and partners — and per Neal Mohan, Chief Product Officer at the platform, some of the features will also be related to the metaverse, blockchain, and non-fungible tokens (NFTs), while looking at how these…
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Crypto is making its presence felt through its absence at the Winter Olympics, currently underway in China. The International Olympic Committee (IOC) has struck a partnership deal with nWay, a subsidiary of the play-to-earn (P2E) gaming giant Animoca Brands, which has released the “official video game” of Beijing 2022. The snag? It’s banned in…
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American fast-food behemoth McDonald’s is the latest major brand to make a move into the metaverse by filing no fewer than twelve trademark applications on February 4, eleven of which make direct references to virtual restaurants, cafes, concerts, and other virtual services, goods, and events. Trademark attorney and founder of Gerben Intellectual Property Josh…
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