NFTs

Bored Ape #3001 (OpenSea, modified by CoinDesk)

Is Justin Bieber’s Ape Really Worth $59,000? The Nuances of Valuing NFTs

While the floor price of Bored Ape Yacht Club is down, determining the value of an individual NFT in the collection requires a more nuanced understanding of floor price, rarity traits and cultural significance.

Bored Ape #3001 (OpenSea, modified by CoinDesk)
Google Play (Victoria_Regen/Pixabay)

Google Play Changes Policy on Tokenized Digital Assets, Allowing NFTs in Apps and Games

The company is opening up the ability for developers to let users buy, sell or earn digital assets in apps as long as they maintain transparency and adhere to other rules.

Google Play (Victoria_Regen/Pixabay)
ERC-6551 NFTs are often called "backpack wallets." (Luis Quintero/Unsplash)

What Is ERC-6551? Unpacking The ‘Backpack’ Wallet

In the past few months, several Web3 projects have adopted the ERC-6551 standard, or token-bound account. The new standard opens up a plethora of use cases across NFTs, gaming, DAOs and the metaverse.

ERC-6551 NFTs are often called "backpack wallets." (Luis Quintero/Unsplash)
Through Kraken and Williams Racing's partnership, NFTs will be displayed on the back of the cars during the U.S. Grand Prix (Kraken)

An F1 Team Might Take a Bored Ape Across the U.S. Grand Prix Finish Line

As a part of an ongoing partnership with the Williams Racing team, crypto exchange Kraken will allow fans to submit and vote for NFTs that will be displayed on cars during the U.S. Grand Prix in October.

Through Kraken and Williams Racing's partnership, NFTs will be displayed on the back of the cars during the U.S. Grand Prix (Kraken)

Metaverse

Facebook CEO Mark Zuckerberg (Shutterstock)

Meta Remains Committed to the Metaverse Despite $13.7B Loss in 2022, Mark Zuckerberg Says

Meta's pivot cost the social media giant over $20 billion since 2021, but the company’s founder and CEO Mark Zuckerberg says the firm isn't giving up on the metaverse anytime soon.

Facebook CEO Mark Zuckerberg (Shutterstock)
The EU has proposed a strategy for the metaverse (Pixabay)

EU’s Metaverse Vision Focuses on Standards, Governance and Funding

The EU isn’t proposing new laws but could spend hundreds of millions on research into virtual worlds.

The EU has proposed a strategy for the metaverse (Pixabay)
It's McNugget's time in the Sandbox

McDonald’s Opens McNuggets Land in the Metaverse, but McWhy?

The fast food giant is celebrating the 40th anniversary of the menu item with a perplexing new Web3 activation.

It's McNugget's time in the Sandbox
Funding (Shutterstock)

Metaverse Startup Futureverse Raises $54M Series A From 10T Holdings, Ripple Labs

Futureverse formed out of the merger of eight companies in late 2022, with three more assimilated subsequently.

Funding (Shutterstock)

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