Weekly Report (Dec-12).
The rise of NFTs and assets within the metaverse has gained significant attention over the recent years, with many predicting that they will shape the future of online economies and digital ownership. The emergence of NFTs and the metaverse has created new avenues for creators and investors, as well as a new market for buying and selling digital assets. Many people believe that NFTs will disrupt traditional industries, such as the art and gaming world, by providing a new way for artists and game developers to monetize their creations. They have also sparked discussions about the potential for these digital assets to challenge our ideas of ownership, the value of digital goods, as well as the engagement with digital content.
• Starbucks has launched its Odyssey NFT Rewards program.
• Warner Music Group is planning on releasing Polygon music NFTs.
• Winamp has added Ethereum and Polygon based music NFT support.
Animoca Brands has acquired a majority stake in music Metaverse platform Pixelynx Inc. This blend of musicians and technologists presents an optimistic outlook on the future of web3 media. The acquisition will enable the blockchain titan to build, invest in, and acquire the studios, infrastructure, and technologies that will drive the future of the music industry. The company will provide creators with control over how they develop experiences for their fans, partners, and platforms. Creators will be able to forge new avenues for music development, sharing, and monetization by transitioning to more modern methods. Fans now have the chance to become collectors, collaborators, influencers, and investors in their favourite music, in addition to being mere listeners.
✅ The weekly report is available here:
https://blog.neptunemutual.com/weekly-report-dec-12/