gems of the week.

calendar week 18.
🗺  Bored Ape’s Otherside Virtual Land Sale Was The Largest NFT Mint in History

On Saturday, the creators of Bored Ape Yacht Club (BAYC), Yuga Labs, revealed the Otherside metaverse virtual land sale which turned out to be one of the largest non-fungible token (NFT) mints to date. The Otherside metaverse virtual land sale raised close to $320 million by selling 55,000 parcels of Otherside land.
🇬🇧  NFTs Recognized as Property in the UK

The UK judgment, slated to be published later this week, recognizes digital assets as property that can be afforded legal protections. In this case, those protections include a court injunction to freeze the assets on accounts on Ozone Networks (which hosts OpenSea) and a Bankers Trust disclosure “compelling [OpenSea] to send information about the two account holders” who are holding the stolen NFTs.
⚽️  Algorand is FIFA’s Official Blockchain Platform, Sponsors World Cup

The blockchain will be a "regional supporter" for North America and Europe at this year's World Cup and an official sponsor of next year's Women's World Cup.
☕️  Starbucks Teases Web 3 Platform in NFT Announcement

The coffeehouse chain intends to bring its ‘third place’ concept – a place to relax between home and work – from the physical world into the digital world, extending its loyalty experience.
🍪  Americana's Chip Turns Physical Objects Into NFTs

The Internet of Things (IoT) is now evolving into the Metaverse of Things. But how does this tech work? Americana Technologies can embed a special kind of microchip into an object of their choice, making it eternal on the blockchain. The startup is backed by Reddit founder Alexis Ohanian, rapper Future, and OpenSea.
🎮  Tomb Raider Publisher Square Enix sells Off Game Rights and Studios in $300m Deal to Focus on Blockchain Tech

Square Enix said the sale to Embracer "enables the launch of new businesses by moving forward with investments in fields including blockchain, AI, and the cloud.”
🎗  FTX Announces $1 Billion Charity Fund and First Print Ad Campaign Starring Gisele Bundchen

Crypto exchange FTX officially launches its first ad campaign, "In On," which features CEO Sam Bankman-Fried and supermodel Gisele Bundchen.
🐻  Solana's Okay Bears Top All Ethereum NFT Projects With $18M in Sales in One Day

Okay Bears is breaking records as a Solana NFT project, and it might signal a change in NFT culture. After two years of almost complete domination of the NFT space by Ethereum projects, things are changing. With a mint price of 1.5 SOL ($147), the NFT collection quickly sold out, and now the price for one stands at almost 90 SOL ($8,850).
web3 stuff & nfts – fresh out of the oven

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we believe that nfts, web3, gaming, and metaverse assets are some of the most significant investment opportunities for the upcoming decade.

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