Sports Illustrated has decided to move its nonfungible token (NFT) tickets to the Avalanche network. The magazine’s ticketing platform, Box Office, will now collaborate with Ava Labs, the developers behind Avalanche. This new partnership means that Box Office’s NFT tickets will be minted on the Avalanche network. The CEO of SI Tickets, David Lane, believes that NFT ticketing will revolutionize the ticketing industry by providing more engagement opportunities for event owners and attendees.
In other news, Animoca Brands’ Mocaverse, crypto exchange KuCoin, and Web3 wallet Halo have joined forces to streamline cross-platform identity. They plan to combine Mocaverse’s nontransferable NFT digital identity, called “Moca ID,” with KuCoin’s user accounts and Halo’s Genesis membership pass to create a more seamless on-chain identity experience in Web3. The spokesperson from KuCoin explained that different Web3 sub-ecosystems often operate independently, making it challenging for users to access benefits across the ecosystem. This collaboration aims to address this issue.
Meanwhile, collectible firm Panini has launched a digital Donruss Elite card set on the Panini Blockchain, featuring WWE superstars such as John Cena, Steve Austin, and Roman Reigns. This is not the first time WWE has ventured into NFTs, as they previously released NFT collections in 2021, offering exclusive benefits like front-row tickets to Wrestlemania.
Lastly, NFT company Yuga Labs has acquired Proof, the creators of popular NFT collections like Moonbirds, Oddities, Mythics, and Grails. With this acquisition, Yuga Labs gains access to Proof’s assets, intellectual property, and team members. Kevin Rose, the founder and CEO of Proof, will now serve as an adviser to Yuga Labs.
That concludes this week’s NFT news highlights. Stay tuned for more updates and insights on this rapidly evolving space.