Much ado about Snoo: Reddit released its Gen 4 Collectible Avatar series, bringing a new batch of colorful collectibles to its NFT shop reimagining the platform’s iconic ‘Snoo’ character and Amazon primed and ready: The e-commerce giant has added new blockchain tools to its Amazon Web Services cloud platform, expanding the capabilities of its Amazon Managed Blockchain service are just two of the Web3 advancements that have been made recently. As the crypto community continues to explore the possibilities of Web3, influencers are weighing in on the potential of decentralized social media platforms like Meta’s Threads.
VeVe and Kartoon Studios recently released a series of chibi-style NFTs based on Marvel legend Stan Lee. The collectibles, released as blind boxes that were only revealed after purchase, were priced at $15 each and experienced a near-instantaneous sell-out of its over 8,000 NFTs. According to Bloomberg, the drop brought in about $120,000 and rose in value by at least 500% by Monday morning.
The British Museum is also entering the metaverse through a partnership with The Sandbox, bringing its collection to the virtual world as well as releasing a collection of NFTs. Meanwhile, Star Atlas has laid off over 70% of its staff, but the CEO said that their vision hasn’t changed.
Web3 wallet Suku has launched an app that allows Twitter users to directly send digital currencies and NFTs to each other, and digital fashion brand MNTGE released a new collection of NFT patches paired with physical twins and linked to real-world rewards. United Arab Emirates carrier Etihad Airways also plans to introduce a Web3 loyalty program that will allow holders to stake NFTs for miles and travel perks.
Finally, ERC-6551, or token-bound account, is a new standard that has opened up a plethora of use cases across NFTs, gaming, DAOs, and the metaverse. For example, a PFP NFT collection could custody its own native cryptocurrency and derivative NFTs such as digital wearables for the avatar.