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Sportswear manufacturer Nike announced the acquisition of virtual sneakers and collectibles brand RTFKT. Nike becomes the biggest U.S.-based athletic products manufacturer through this partnership to join the metaverse bandwagon. A Cryptox report from Nov. 02 highlighted Nike's submission of requests for patenting the words — namesake, swoosh logo and just do
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“With up to $15 trillion of wealth expected to flow into digital assets over the next 10 years, we are witnessing the birth of a new global asset class and economic system,” Aries Chairman Thane Ritchie said in the statement. “InfiniteWorld’s unparalleled technology infrastructure underscores the transition of commerce to
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SK Telecom is owned by SK Group, one of South Korea’s largest companies. The metaverse requirement stands in contrast to the traditional investments made by the country’s conglomerates, which tend to be focus on industries such as pharmaceuticals, logistics and manufacturing rather than the intangible, digital world. Source
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Gamesta is the smart contract-based guild enabling investors to connect and empower thousands of underprivileged players throughout the world. Gamesta Guild believes the value of any game is created by the network of players playing it. Each player, regardless of their wealth or means, represents the same value in a
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Dear Lord Sugar Mountain,Attention: to my Facebook friend who is building a version of the metaverse that nobody wants as a starter.The last few years must certainly not have been easy. Your business model centered around polarization and, subsequently, outrage has ironically unified many of us against relying too much
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Even as nonfungible token (NFT) transactions have taken off and made headlines, to most people outside the crypto world, they’re just a gimmick. The metaverse will change that.There’s always a tipping point when new technologies go from incomprehensible fringe interest to, suddenly, part of life. That point usually comes from
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The term metaverse has been reintroduced online due to Facebook’s announcement that they would build a VR (Virtual Reality) social network for its users. Unlike many decentralized metaverse cryptocurrency initiatives, Meta is owned by a single entity. As digital coins are paired with the blockchain metaverse, they will authorize the administration
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The nonfungible token (NFT) market is hot right now, and the future forecasts that it will only be getting hotter. The creation of the Metaverse opens the gateway for NFT luxury brands to reach $56 billion by 2030. As the production of NFTs continues to create new forms of fashion
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Cryptox has had a lot of NFT related news this week from pop culture to sports and gaming. Below is a roundup of stories you don't want to miss. Pepsi and VaynerNFT team upPepsi launched their Mic Drop genesis NFT collection made up of 1,893 generative style NFTs on the Ethereum
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On a quiet Thursday morning in DeFi Land, an FM radio tower was erected amid a landscape of barns and cornfields. Its completion brought the gift of music to a world that has known nothing more than the pastoral sounds of virtual harvest.The tower is the result of a recent
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