In this week’s newsletter, we have some exciting news to share with you. First, we have the launch of Captain Tsubasa’s nonfungible token (NFT) game on the Oasys blockchain. This popular Japanese manga has now entered the world of blockchain gaming, allowing fans to experience their favorite characters in a whole new way.
Moving on, a South Korean university, Yonsei University, has partnered with LG Uplus to create a metaverse experience exclusively for its students. Known as “Meta Yonsei,” this virtual world replicates the university’s Sinchon campus, offering students a chance to explore familiar landmarks such as the auditorium and library. While the virtual campus is open to outsiders, certain features and areas are limited to verified students only.
In the realm of blockchain gaming, investments have been soaring. According to a recent report by DappRadar and the Blockchain Gaming Alliance, the sector saw nearly $1 billion in investments in April alone. This surge in interest demonstrates the growing potential of blockchain technology in the gaming industry. Additionally, metaverse projects like Mocaverse have also seen significant growth, with an impressive $8.4 million trading volume.
However, not all NFT-related news has been positive. Fashion brand Dolce & Gabbana, in collaboration with Web3 platform UNXD, is facing a class-action lawsuit due to alleged delays in NFT product deliveries. One disgruntled customer claims that the value of their purchased NFTs plummeted by 97% as a result of these delays. This incident serves as a reminder of the challenges that can arise in the NFT market.
Lastly, popular YouTube reporter Coffeezilla has exposed an alleged NFT scam involving an AI company called Rabbit. Coffeezilla claims that Rabbit initially raised funds for an NFT project but failed to deliver on its promises. The company has since shifted its focus to AI, with its new product, Rabbit R1, drawing similarities to the failed NFT project. This revelation highlights the importance of due diligence when investing in the NFT space.
Thank you for joining us for this week’s NFT newsletter. We hope you found these updates informative and insightful. Be sure to check back next Wednesday for more exciting developments in the ever-evolving world of NFTs.