Highlights from the Metaverse Update on July 18: Bitcoin and ApeCoin see gains while Kia ventures into the NFT space.
Now, let's dive into the latest updates from the metaverse world.
- DeFi news The Metaverse Index stands at $42.21 after climbing 4.86% in the last 24 hours. In contrast, the Bluechip NFT Index has dropped significantly, sliding from 41.88 ETH down to 35.67 ETH.
- Currently, Bitcoin is trading at $22,204.96, reflecting an increase of 4.61%. On the other hand, Ether saw a remarkable nearly 10% rise, now priced at $1,481.28. Even more eye-catching are the gains in metaverse tokens, particularly ApeCoin, which has soared by 20.04%.
- Based in India, the blockchain startup 5ire appears to have achieved unicorn status with a valuation hitting $1.5 billion, following a successful Series A funding round of $100 million. However, there are allegations circulating that the project may be fraudulent and that the reports could be misleading.
- Kia, the car manufacturer, has incorporated NFTs into its latest advertising campaign, emphasizing the distinctive qualities of the 2023 Kia Soul. Viewers can find QR codes within the advertisement that allow them to scan and unlock NFTs.
- Nike is setting out to launch a wearable AR hoodie The 'RTFKT x Nike AR Genesis Hoodie' utilizes augmented reality elements, and this innovative product is set to be available for purchase later this week.
- The We have just completed the inaugural test of the Otherside Metaverse, which was attended by 4,500 ‘voyagers.’ Following this event, Yuga Labs released a litepaper detailing the concepts behind the upcoming metaverse. On July 20, we observe: Snapshot introduces shielded voting; Cadbury prepares to launch a charity NFT.
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Disclaimer
In line with the Trust Project guidelines Karolina is a talented writer and journalist with a foundation in literary studies. She has a passion for innovative tech solutions and art, often finding that NFTs beautifully combine these interests. When she’s not writing, she enjoys being a plant parent, exploring vintage fashion, and diving into gaming.
