COMING to you every Sunday, 24/7 Crypto will help you keep track of every single important news story that happened this week in the metaverse.
Pharmacy chain CVS files trademarks for use in “virtual worlds”
The US pharmacy chain CVS filed to trademark its products in the metaverse, according to the US Patent Trade Office.
According to the filing, CVS is pursuing a patent for “downloadable virtual goods, namely, a variety of consumer goods, prescription drugs, health, wellness, beauty and personal care products and general merchandise for use online and in online virtual worlds.”
The application also states “downloadable virtual goods, namely, crypto-collectibles and non-fungible tokens; downloadable image files containing artwork authenticated by non-fungible tokens.”
Metaverse fashion house Space Runners raises $10 million
Metaverse fashion house Space Runners has raised $10 million in a seed funding round led by investment firm Polychain Capital and asset managers Pantera.
Space Runners is the metaverse’s “first dedicated fashion brand” and has collaborated with NBA players Kyle Kuzma and Nick Young to release wearable “NBA Champion” sneaker NFTs.
The “NBA Champion” collection sold 10,000 NFTs in just nine minutes.
The brand describes itself as a designer and dealer of “digitally wearable NFTs through Augmented Reality (AR), collaborating with celebrities and brands.”
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The Sandbox announced a partnership with NFT profile picture project World of Women
Play-to-earn game The Sandbox announced a partnership with NFT profile picture project World of Women, which will see the gaming project provide $25 million in grant funds to the WoW Foundation.
The WoW Foundation is a World of Women initiative which aims to help bring more women into the NFT and metaverse space through education and mentorship.
The Sandbox will provide the funds over five years to support the foundation.
The WoW Foundation will create 3D avatars which their holders can then use within The Sandbox.
Some of these avatars can currently be seen during the game’s pre-release “alpha” test.
The foundation will also build a WoW Museum in The Sandbox, as well as launch a WoW university in the game which will offer educational Web3 lessons along with NFT diplomas for students.
It will also create a WoW academy for artists and projects, with potential funding and mentorship available.
READ MORE: Why the doomsters are wrong that the metaverse and NFTs are dying – analysis
NFT superyacht goes on sale
A superyacht worth $95,000,000 is set to go on sale and the buyer will also receive an NFT for it.
Called Project Metaverse, the 63metre vessel is set to be the most expensive NFT ever sold.
The new design has been produced by Cloud Yachts, the first digital yacht dealer in the metaverse.
Read more HERE.
Technology set to make interactions in the metaverse more realistic has been unveiled
A group of academics unveiled new technology that will make interactions in virtual reality seem more realistic.
The computer engineers have developed virtual eyes which simulate how humans see the world.
The new technology should allow companies building metaverse platforms to change the programming of avatars to make interactions and conversations between two people feel more real.
The virtual reality tech, Called EyeSyn, replicates how human eyes react to real life scenarios.
Read more HERE.
Sex in the metaverse will be as ‘common’ and ‘enjoyable’ as in real life
Sex in the virtual world could become as “common” and “enjoyable” as sex in real life according to Daniel Golden, vice president of adult site DreamCam, and webcam model Carly Evans.
Read more HERE.
PwC called NFTs ‘the future of digital assets in sports’
NFTs and digital assets are one of the ten major trends within the sports industry, according to PwC’s Sports Outlook 2022 report.
From altering sports technology infrastructure to driving fan engagement, the report lists three of the main use cases for NFTs and how they’re going to shape the future of sports.
The first use case is collectible NFTs. This refers to traditional memorabilia like trading cards or tickets of historic matches that can be digitised, minted and traded on the blockchain.
The report added these collectibles could be displayable and shared across the metaverse.
Secondly, season ticket holders – NFTs could provide them with verified tokenised passes.
And finally, virtual access tokens for fans who prefer to pay more for a virtual experience and may not be able to attend games in person.
The metaverse lets us explore human imagination
In an interview, Sebastien Borget, founder of The Sandbox, shared some of his thoughts on Web3 and the metaverse.
According to Borget, the metaverse is a gateway to new experiences limited only by what users can think of.
He said: “Web 3.0 and the metaverse are enabling each of us to become an explorer of our human imagination, inventing new parallel universes where we can choose the experiences we want to live.”
The Sandbox founder also said the metaverse has already started to influence the way people “socialise, form economic relationships, and gather in communities.”
He said within a decade, there will be more developments in the space, adding: “We envision that within the next 10 years, the metaverse will have transformed profoundly how we’re thinking about the way we’ll be working, socialising, playing and earning through the economic opportunities and jobs it is creating.”
