FIFA Files Trademarks Relating to Metaverse
FIFA, the global soccer governing body, is expanding its involvement in the metaverse as part of its “WE ARE” campaign. It has filed trademark applications in various categories, showing its growing interest in virtual reality (VR). These trademarks cover online services, including personalized fitness coaching, captivating laser displays, live music performances, and sports event broadcasting. […]
Binance partners with The Weeknd to Unveil Metaverse Experience
Binance, the company currently facing legal action from the SEC, has announced its plans to launch a new digital metaverse that focuses on entertainment. The project has been in development since June 2022 and involves collaboration with Canadian musician The Weeknd, who is about to start his “After Hours Til Dawn” tour. According to information […]
Nike’s NFT Sneaker Sale Faces Delays
Nike’s first collection of virtual sneakers, Cryptokicks, has sold over 66,000 NFTs so far, but technical and traffic issues have marred the launch. The sportswear giant Nike has entered the NFT market with its first collection of virtual sneakers called Cryptokicks. The collection comprises 106,453 NFTs, including one the artist Takashi Murakami designed. The price […]
Zhengzhou City Releases Policy Draft to Support Metaverse Industry
Zhengzhou, China, released a series of policy proposals on May 24 to support metaverse companies operating in the region. The government will establish a 10 billion yuan ($1.42 billion) fund to promote the industry’s growth and development. According to the government draft, metaverse enterprises that relocate their headquarters to Zhengzhou will be eligible to receive […]
Subversive Capital Shuts Down its Metaverse ETF ‘PUNK’
Subversive Capital has shut down its Metaverse exchange-traded fund (ETF) dubbed PUNK only after a year and three months to direct its focus on artificial intelligence (AI). As the company shifts its focus to artificial intelligence (AI), Subversive Capital plans to close and liquidate its Subversive Metaverse ETF, also known by its ticker symbol “PUNK.” […]