Nifty News: Yuga Labs to buy metaverse studio, Etihad NFT staking to take off and more

Yuga Labs accelerates Otherside pla

Nonfungible token (NFT) conglomerate Yuga Labs has agreed to get the metaverse-building startup Roar Studios arsenic Yuga looks to bolster its Otherside metaverse.

Yuga tweeted the quality connected July 31 saying the impending acquisition was to “execute our expansive vision” for Otherside.

An accompanying release said Roar Studios' laminitis and main Eric Reid volition articulation Yuga arsenic the wide manager of Otherside, charged with starring the improvement and accumulation of the metaverse.

— Yuga Labs (@yugalabs) July 31, 2023

Yuga is besides nabbing audio, crippled and artificial quality engineers from Roar’s squad which is 14 beardown according to LinkedIn.

Otherside has lone been glimpsed done a fistful of early entree demos which started successful August 2022 alongside a much caller “vibe check.” It’s chartless erstwhile the task volition officially launch.

Earlier contiguous we brought unneurotic a tiny absorption radical of 40 Voyagers successful LA to delve into Otherside for a vibe check. pic.twitter.com/fXpyUk81w8

— Othersidemeta (@OthersideMeta) July 28, 2023

In mid-July Yuga main Daniel Alegre said it's inactive hard astatine enactment gathering Otherside saying the task volition instrumentality clip arsenic it's “audacious.”

Yuga besides scooped up the CryptoPunks and Meebits NFT collections successful March 2022 and successful November 2022 it acquired the Beeple-founded NFT crippled 10KTF.

Etihad NFTs to connection precedence check-in, lounge access

Abu Dhabi-based hose Etihad volition soon instrumentality disconnected with an NFT staking loyalty programme called “Horizon Club” and is expanding its existent NFT collection.

On Aug. 1, 300 caller NFTs volition beryllium added to Etihad’s EY-ZERO1 collection, which volition connection benefits similar precedence check-in, lounge entree successful Abu Dhabi and the quality to involvement the NFT to gain formation miles.

— Etihad NFT (@EtihadNFT) July 28, 2023

Etihad isn’t launching the NFT staking level until September but a trailer for the merchandise shows users volition beryllium capable to involvement aggregate NFTs to gain formation miles which are redeemable for aggregate perks specified arsenic flights, upgrades and hotels.

As for the caller NFTs, they picture an Etihad craft wrapped successful branding for the latest Mission: Impossible movie which the hose has a promotional concern with.

NFT work level Arcube collaborated connected the postulation and is 1 of the Web3 partners for the airline.

Lufthansa and Eurowings, 2 European airlines, have besides flirted with Web3 integrations and are seeing however it could use to their concern models.

NFT Now cuts unit arsenic crypto wintertime bites

NFT-focused quality outlet NFT Now is reducing its unit number and restructuring, citing the ongoing crypto marketplace winter.

NFT Now president Alejandro Navia tweeted connected July 31 that it over-hired during the bull marketplace and changing marketplace conditions are forcing it to restructure and marque cuts.

I person hard quality to share: pic.twitter.com/ufcknaboEO

— ALΞJANDRO (@AlejNavia) July 31, 2023

“Our institution experienced accelerated maturation during the bull run, and we hired to work that growth,” reads Navia’s note.

“However, arsenic we are gathering the concern for the agelong term, we indispensable accommodate to changing marketplace conditions,” helium added. “Given the existent climate, it is wide that this gait of maturation was unsustainable and we over-hired.”

Navia said helium takes “full ownership of this mistake” successful his relation arsenic president. He did not disclose however galore unit were impacted by the decision.

Sorare adds fiat successful bid to boost adoption

The sports gaming level Sorare has added enactment for fiat currencies to acquisition its NFT-based integer trading cards, removing the request for users to wage successful Ether (ETH).

As portion of an update to its wallet users tin present usage U.S. dollars, euros oregon British pounds to bargain the NFT cards which Sorare said eliminates a obstruction to entry, according to a VentureBeat report.

Related: Shanghai implements program for blockchain integer infrastructure strategy by 2025

A Sorare-affiliated relationship tweeted connected July 31 that the rollout of what it calls the “Cash Wallet” volition progressively commencement connected Aug. 1 with much fiat functionality coming successful September.

— Sorare Support (@soraresupport) July 31, 2023

Other Nifty News

Two U.S. lawmakers stung Apple main Tim Cook with a letter asking for accusation connected if its App Store’s guidelines are dampening the maturation of blockchain and NFT technologies owed to it limiting the functionality of Web3 apps.

A machine idiosyncratic and an archaeologist have developed a Web3-based verification-as-a-service exemplary for signaling the authenticity of taste artifacts arsenic NFTs.

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