Nonfungible tokens (NFT) may be disrupting the trillion-dollar fashion industry, but NFTs are just one piece of a much larger puzzle that is revolutionizing this sector. Rather, blockchain technology as a whole continues to be a game-changer for the fashion industry. While blockchain-based supply chains served as some of the earliest use cases of how the technology could help … [Read more...] about Blockchain-enabled digital fashion creates new business models for brands
Brands
Blockchain metaverse ecosystems gain traction as brands create digital experiences
Billion-dollar companies are taking the Metaverse by storm as consumers have shown heightened interest in virtual, interactive, three-dimensional experiences that take place online. While the “Metaverse” is still a new concept, research firm Strategy Analytics found that the global Metaverse market is forecasted to hit nearly $42 billion by 2026. This very well may be the case, … [Read more...] about Blockchain metaverse ecosystems gain traction as brands create digital experiences
Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in Jan volume, Microsoft eyes metaverse gaming: Hodler’s Digest, Jan 16-22
Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link.Top Stories This WeekNFT-focused Animoca Brands valued at $5B following $358M raiseNFT and virtual property-focused … [Read more...] about Animoca Brands doubles valuation to $5B, OpenSea tops $3.5B in Jan volume, Microsoft eyes metaverse gaming: Hodler’s Digest, Jan 16-22
Animoca Brands Valuation More Than Doubles to $5.5B in Three Months
Animoca Brands, an investor in non-fungible token (NFT) and metaverse projects, raised almost $360 million at a valuation of $5.5 billion.The funding round represents a doubling in Animoca's value in less than three months. The venture capital firm raised $65 million at a $2.2 billion valuation in October last year.Liberty City Ventures led the round, which included … [Read more...] about Animoca Brands Valuation More Than Doubles to $5.5B in Three Months
Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana
Burnt Finance, a protocol built on Solana, has raised $8 million in a funding round led by Animoca Brands. It also launched its non-fungible token (NFT) platform.The capital will go toward adding staff and exploring partnerships with artists and other Solana-based projects.Burnt Finance, known for burning a piece of artwork from street artist Banksy before selling a digitized … [Read more...] about Animoca Brands Leads $8M Fundraising Round for NFT Platform Built on Solana