NFT Weekly Summary: Nissan To Jump Into NFTs, BendDAO Sees Azuki ATH, And NFT Startups Raise Millions
In the past week's NFT news, several Web3 startups raised millions in funding, including Nuqtah, DressX, and other big news.
Must Read đ°
BendDAO Sees Azuki NFTs ATH and Reddit Collectible Avatars Skyrocket
The BendDAO held 108K ETH in total value locked, after seeing the biggest change in TVL in the past 10 months, $37M in a single day.
In terms of Azuki NFTs, the BendDAO is now holding an all-time high with 416 NFTs in its collateral.
Reddit Collectible Avatarsâ market cap has hit an impressive $124M, coming from 10,615,730 collectible avatars held by 7,180,572 holders.
Nissan Files New Trademark Applications for NFTs and the Metaverse
Nissan filed three new trademark applications for INFINITI, NISMO and NISSAN.
The filings indicate the automobile manufacturer plans to offer virtual goods including clothing, headgear, trading cards, toys, tickets, and cars in the metaverse.
The decision also comes hot on the heels of Fiat and KIA Motorâs own versions of the metaverse-based car shopping experience, which integrated the ChatGPT.
Meme Of The Week - Bitcoin maximalists reacting to latest banks insolvency saga
Major Fundraisers đ¸
Ex-Ledger Chief of Staff, Jean-Michel Pailhon, Raising $25M for a New Fund Focused on NFT Art
Unlike most web3 funds that seek investment from reputable VCs and web3 entrepreneurs, Pailhon is casting a wider net, opening the doors for private bankers, family offices, high-net-worth individuals and financial institutions to back his new venture.
Commenting on his new venture, Pailhon said: âOur mission is to bring new collectors and new long-term institutional investors into the nascent digital art asset class.â
Saudi Arabiaâs First Licensed NFT Marketplace Gets Animoca Brands and Polygon as Backers
Nuqtah has announced an undisclosed seed funding round led by Animoca Brands. The fundraising also attracted participation from web3 company Polygon alongside several regional investors.
Nuqtah is now well-positioned to empower local artists and technical talent in Saudi Arabia and the rest of the MENA region.
Digital Fashion Designer DressX Ramps Up Metaverse Strategy with $15M Series A
DressX has emerged as one of the leading fashion designers in social and metaverse platforms. Founded in 2020, the company designs virtual fashion products worn by avatars in metaverse worlds and blockchain games.
âWe are very excited to see how this space will evolve over the next 5-10 years and we believe DRESSX will be at the forefront of shaping and driving change.â
DeFiance Capital Closes First Round of $100M Liquid Token Fund
Arthur Cheongâs web3 venture capital firm has reportedly raised an eight-figure amount. Some investors have taken advantage of the bear market to invest, which is also what Cheong appears to have suggested in his tweet.
âCrypto generally peak on unbridled optimism, bottom on hopeless pessimismâŚNo better time to invest,â he wrote.
Major Players đ¨
Polygon Co-founder Leaves to Run Independent Modular Blockchain, Avail
Anurag Arjun spent five years at Polygon, and he is now leaving to run the new Layer 1 blockchain independently with Polygon focusing on Layer 2.
âIâm excited to announce that Avail, a modular blockchain optimized for data availability, will be spun off and exist separately from Polygon Labs and Polygon Foundation.â Arjun will now helm the development of Avail outside of Polygon.
Unstoppable Domains Launches UD Parking, a Web3 Domains Storage Solution
UD Parking will allow holders to store their domains in private vaults created specifically for them. Domain holders will retain the ability to store their web3 domains in custodial wallets.
âWith UD Parking, the private keys to your vault are encrypted and protected, in alignment with industry best practices,â the company wrote.
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