Yahoo’s Metaverse Move in Hong Kong
Yahoo is not just for checking your email anymore! The media giant has set its sights on the metaverse by planning a series of NFT and metaverse projects in Hong Kong. Picture a virtual concert while you still wear your pajama pants from the waist down!
As explained by Lorraine Cheung, an executive at Yahoo Hong Kong, metaverse activities have become an attractive outlet for social interaction, especially with the strict COVID-19 restrictions that require a negative test to enter public spaces. Yahoo’s plans also include collaborating with local artists for an NFT exhibition titled The Abyss of Kwun Tong.
TAG Heuer’s NFT-Enabled Smartwatch
In an exciting twist in the watch world, luxury brand TAG Heuer is designing a smartwatch that can showcase NFTs directly on your wrist. Forget boring old timepieces; now you can flaunt your digital art alongside the hour!
In partnership with major NFT community members, the smartwatch will allow users to connect to their crypto wallets like MetaMask to select which NFTs to display. Whether you’re into classic pixel art or animated GIFs, TAG Heuer’s latest addition will support them all—just like how your watch supports your apparent sense of style.
China’s NFT Platform Boom
Despite the Chinese government throwing cold water on the NFT hype train, the number of digital collectible platforms in the country has jumped to over 500, a whopping increase of 5x since February. That’s like trying to put out a fire with a garden hose while it’s still blazing!
Tech titan companies such as Tencent and Alibaba are diving into this space and are reportedly filing trademark patents, showing that—as usual—the hype train isn’t slowing down anytime soon.
CryptoPunk Sale for Ukraine
Here’s a heartwarming twist: CryptoPunk #5364, an NFT donated to support the Aid For Ukraine campaign, rocketed in value and sold for 90 ETH, equating to over $100,000 at the time of sale. It started its journey at just 16.19 ETH or around $31,722!
Ukraine’s Deputy Minister of Digital Transformation, Alex Bornyakov, proudly announced the sale as a victory for both charity and the NFT community. Lesson learned? Sometimes digital art is worth more than just a few pixels!
Nifty News Roundup
In other Nifty news, Noah Davis, Christie’s NFT expert, will be leading the charge at Yuga Labs for the CryptoPunks project. Cheers to new beginnings!
On the flip side, cautionary tales abound as the Solana-based NFT project Duppies recently fell victim to a phishing scam. Reports indicated that users were scammed out of considerable funds, including one case where a user lost 650 SOL, valued at nearly $18,850 at the time. Always double-check those links, folks!
And that’s a wrap on this week’s notable developments in the wild and wacky world of NFTs. Catch you next week for more intriguing updates!
