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NFT Meta is ditching its pursuit of NFTs as the company looks to prioritize, according to Stephane Kasriel, head of commerce and financial technologies at Meta. “Some product news: across the company, we’re looking closely at what we prioritize to increase our focus. We’re winding down digital collectibles (NFTs) for now to focus on other ways to support creators, people, and businesses,” Kasriel wrote in a Twitter thread. Meta previously said NFTs could help expand the creator economy. “It’s still early for the NFT market compared to where we think it’s going,” Kasriel said in a blog post in November.…

Nonfungible token (NFT) memes have brought mainstream attention to the world of NFTs and digital art, helping to expand the market and increase its legitimacy. The high prices paid for some NFT memes have demonstrated the value of online culture and the emotional connection that people can have to internet memes. NFT memes have also created a new way for creators and artists to monetize their work, potentially leading to new opportunities and revenue streams in the digital economy.What are NFT memes?NFT memes refer to internet memes that have been turned into nonfungible tokens, which are unique digital assets that…

Web3 fashion brand DRx partners with the Walker World blockchain game to unveil “The Kill Team: Stabbi” capsule collection, a fresh new take in metaverse clothing. The latest capsule consists of limited edition digital wearables and physical claims. Available in hyper-minimal quantities, the fashion brand adds their unique touch of style to the interoperable metaverse game! How DRx Revolutionizes Metaverse Clothing The ‘Stabbi’ collection is DRx’s first foray into made-to-order apparel and product customization in the metaverse. The limited edition merchandise features standard Kill Team DRx hoodies, t-shirts, and baseball hat, Additionally, the new collection also boasts a highly coveted…

United States authorities are working on “material action” over the weekend in an attempt to limit the ripple effect across the country’s banking system after the Silicon Valley Bank abruptly collapsed on March 10.According to a Reuters report citing unnamed sources, officials in the Joe Biden administration assessed the impact of the bank failure over the weekend with a keen attention to venture capital firms and regional banks.“This will be a material action, not just words,” a source told Reuters.During a speech on March 6, Federal Deposit Insurance Corporation Chairman Martin Gruenberg spoke about the risks related to raising interest…

Following months of build up, Starbucks Odyssey, the company’s Web3 loyalty program, has released its first limited edition NFT “Stamps.” The 2,000 piece “Siren Collection” was snapped up in less than 20 minutes, despite participants complaining of issues accessing the website due to high traffic.The Starbucks Odyssey program is still in its beta phase, and only invited individuals can participate. These individuals can complete quizzes and make in-store purchases to earn Stamps that can be collected and resold on Nifty Gateway.As for the Siren Collection, it features the coffee company’s iconic Siren, with individual stamps priced at $100. The lucky…

Portal Fantasy – a free-to-play RPG where pixel art graphics and heart-pumping adventure collides – is expanding its reach through new blockchain integrations. Those with a beta pass will be among the first to experience the magic of Portal Fantasy with the upcoming closed beta release on Avalanche. Fans can also get ready to embark on a new journey when it launches on the Polygon network on April 11. As a player of Portal Fantasy, you have the freedom to choose your own path. Will you be a Hero, exploring magical worlds and taking on quests? Or will you be an Architect,…

beginner Decentralized finance (DeFi) has been changing the world of finance as we know it. But what’s next for this fast-growing industry? DeFi 1.0 saw the creation of platforms that allowed for peer-to-peer trading, borrowing, and lending with cryptocurrencies used as collateral. However, due to the rapid evolution of blockchain technology and increasing demands from users, DeFi has undergone a major upgrade and formed what we now call DeFi 2.0. In this comprehensive guide, we take a deep dive into DeFi 2.0 and explore its new features and capabilities that could revolutionize not only financial services but also other industries…

The United States Federal Deposit Insurance Corporation (FIDC) started an auction process the night of March 11 for Silicon Valley Bank, Bloomberg reported, citing unnamed sources. Bids were to be only open for just a few hours before the process closes on March 12. According to Bloomberg’s sources, the FDIC is seeking a buyer for the California bank over the weekend, ahead of the market open on March 13. However, a final decision has not been made and a deal may not be reached.Earlier on March 12, U.S. Treasury Secretary Janet Yellen said that she is working with regulators to address…

An NFT’s rarity plays a role in its perceived cultural and artistic significance. For example, an nonfungible token (NFT) that is the only one of its kind and possesses significant cultural or historical value may be considered a rare and must-have artifact. But why is NFT rarity important?NFT rarity is important because the market worth and appeal of an NFT can be significantly influenced by the nonfungible token’s rarity, which can also influence its resale value. Moreover, NFT collectors frequently look for unusual and distinctive nonfungible tokens to add to their collections.Nonetheless, it is crucial to remember that an NFT’s…

Game Space successfully held its first Player One Tournament in February with over 20K+ participants, generated 200K+ Twitter engagements, and increased over 41 K+ combined Twitter user growth for gaming partners. With the success of the first tournament, Game Space is excited to announce the debut of Player One Tournament Season 2 featuring AAA Web3 Games The Lost Land, Oath of Peak and Bless Global. For this tournament, Game Space has established strategic partnerships with over 50 partners, including KCC Chain, Quest3 a do-to-earn platform, Bybit Exchange, Web3 decentralized social network protocol Link3 and CyberConnect, leading DAOs and Gaming Guilds.…