Tuesday, July 5, 2022

Luno gets in-principle approval from the Monetary Authority of Singapore

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Luno Singapore has been granted in-principle approval (IPA) from the Monetary Authority of Singapore (MAS), under the Payment Services Act (PSA), to provide Digital Payment Token (DPT) services in Singapore. This milestone marks Luno as the first global retail-focused cryptocurrency platform in Singapore to obtain in-principle approval from the MAS.

Fundamental Labs hires Facebook ace to deepen its gaming investments

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Fundamental Labs, a blockchain and digital asset focused VC firm, announced the hiring of Vinayak Rao as Principal, GameFi Lead. Rao will be responsible for supporting founders through investments and resources across the Web 3.0 and blockchain gaming ecosystem. Rao worked at Facebook where he led the Gaming Product Partnerships team, launching its Tournaments platform which serviced grassroot organizers. He also launched Rival Peak, a reality TV show simulated within a game engine - a platform that enabled games to be playable on top of video content blurring the line between viewership and gameplay.

Logitech hosts first music awards show in the Metaverse featuring Lizzo

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Logitech For Creators, an extension of Logitech dedicated to empowering creators to pursue their passions, announced the second annual Logitech Song Breaker Awards. The awards honour creators shaping pop music through dance challenges, memes and trends they have shared on social media, especially on TikTok and YouTube, over the past year.

Rario receives $120 million in Series A funding round led by Dream Capital

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Rario, creators of the world’s first cricket NFT platform, announced a $120m Series A funding round led by Dream Capital, the Corporate Venture Capital and M&A arm of Dream Sports. Rario currently has the largest share of cricket NFT rights through exclusive partnerships with 6 international cricket leagues and a roster of 900+ cricketers. With Dream Capital’s investment, Rario gets access to Dream Sports’ 140 Million users, who will be offered FIAT-only products in India, with the potential to create the largest cricket NFT platform globally.

Global Titans launches the inaugural global NFT pay-per-view sports event

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Global Titans Fight Series announced the world's first ever NFT sports event will give access to a livestream pay-per-view for NFT ticket holders. This is a historic moment, where sports and tech fans take a leap forward, changing the way one interacts with live entertainment. The NFT ticket will give access to watch Global Titans Dubai live online on May 14th, where an epic night of boxing on the helipad of the iconic Burj Al Arab Jumeirah hotel. The event boasts an explosive line-up like Floyd Mayweather, Anderson Silva and many more.

How sustainable is the play-to-earn model in metaverse projects?

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Lately, metaverse projects have been gaining traction in the crypto and blockchain space, with gaming as one of the most pursued activities. Games like Axie Infinity have made history, having generated roughly US$780 million in sales within 30 days back in June 2021. This game has since reached US$1.1 billion in sales and a valuation of about US$3 billion. Some of this success can be attributed to its play-to-earn model, which is also partly behind the success of other metaverse games. These include Silk, My Neighbor Alice, Gods Unchained, CryptoKittties, Pirate X Pirate, Forest Knight and Mines of Dalarnia.

AFL works with Be Media by Animoca Brands to set sport NFT benchmark

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The Australian Football League (AFL) and Animoca Brands announced a 5-year partnership that will bring the power of NFTs to the AFL and AFL Women's (AFLW), and will launch the AFL Mint initiative. The agreement will see the first major Australian sporting league project in the Web3 space come to life, building on the strong heritage and proud audience of the AFL. 

Over 1 million Australians own crypto according to a Roy Morgan study

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The latest Roy Morgan research into Australians’ investments shows 5%, or over 1 million Australians aged 18+, now own at least one cryptocurrency. Leading cryptocurrencies include the well-known Bitcoin and Ethereum as well as more niche names such as Ripple, Cardano, Dogecoin, Shiba Inu, Solana, Binance Coin, Litecoin, Cronos, Polygon and many more. Interestingly over two-thirds, or around 742,000 (69%), of Australian cryptocurrency investors are men compared to only 332,000 (31%) who are women indicating there is a significant gender difference on investments in cryptocurrency.

Zipmex grows Australia’s crypto adoption through sports sponsorship

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Zipmex, a fast-growing digital assets platform in the Asia Pacific Region, announced a series of sports partnerships with a mix of professional and community clubs in Australia. This sponsorship deal includes three rugby league teams and two football clubs to deepen their relationship with the Australian market and foster crypto adoption via engagement initiatives. This includes professional teams - Penrith Panthers Rugby League Football Club and Central Coast Mariners Football Club, as well as community  teams - Wyong Rugby League Football Club, Penrith Brothers Rugby League Football Club and Penrith  Rovers Football Club. 

CertiK closes $60m from SoftBank on the heels of $88m Series B3 funding

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CertiK, a Web3 and blockchain security firm, announced an additional $60m investment from SoftBank Vision Fund 2 and Tiger Global. This marks SoftBank’s first venture into the Web3 security space. CertiK’s $88m series B3 round and $2bn valuation were led by Insight Partners. This funding brings the total amount invested over the past nine months to $290m.