Week 37: DBS Bank Ltd., LG Electronics, Ford, FIFA launched NFTs

This week, we see many applications of Metaverse and NFTs in many fields of life. In addition, people also talked about the development of blockchain’s future without cryptocurrencies.

FIFA to launch NFT collection with AlGorand blockchain ahead of Qatar World Cup

Football governing body FIFA collaborated with AlGorand Blockchain to lauch the ‘FIFA+ Collect’ NFT
Football governing body FIFA collaborated with AlGorand Blockchain to lauch the ‘FIFA+ Collect’ NFT

Football governing body FIFA is lauching the ‘FIFA+ Collect’ NFT powered by AlGorand Blockchain, so as to allow their global fans to own unique digital collectibles at an affordable rate. FIFA+ Collect will release a range of initial collections and details of upcoming exclusive and limited-edition collections to be released soon. It is a testament to their innovative spirit and desire to directly and seamlessly engage with football fans around the world.

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LG Electronics launches NFT platform that lets users buy and sell digital artwork

LG Electronics unveils a new NFT platform
LG Electronics unveils a new NFT platform

On September 5, LG Electronics released its non-fungible token (NFT) platform LG Art Lab, which lets users discover, buy, sell and trade NFTs on LG’s smart TVs. Besides, they partnered with the Hedera network to offer an app that enables users to purchase NFTs via Wallypto. It was an obvious move after their rival Samsung unveiled its new smart TV-based NFT marketplace plan in January this year.

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China has seen blockchain’s future and it doesn’t include cryptocurrencies

A non-crypto feature will appeal to some businesses put off by crypto’s price volatility.
A non-crypto feature will appeal to some businesses put off by crypto’s price volatility.

On September 6, China’s Blockchain-based Service Network (BSN), a major state-backed digital infrastructure company, launched BSN Spartan Network. According to its Spartan whitepaper, BSN Spartan Network will support three public chains – Ethereum, Cosmo and PolygonEdge – in “non-crypto versions” that are hard forks of their original public chain frameworks. Though most blockchain builders in China, including tech giants Alibaba and Tencent, are creating their own consortium blockchain, BSN claimed the removal of cryptocurrencies is “the only way to enable traditional IT systems to begin using blockchain and public chain technologies as part of their overall IT architectures.”

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Asia banking giant DBS jumps into The Sandbox metaverse

DBS Bank Ltd., the largest bank in Southeast Asia, said it has partnered with The Sandbox, a blockchain-based metaverse gaming platform, to build new services for clients in the 3D virtual world that uses digital avatars. Piyush Gupta (CEO) said in the statement: “Metaverse technology, while still evolving, could also fundamentally change the way banks interact with customers and communities.”

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DBS x The Sandbox built "DBS BetterWorld"
DBS x The Sandbox built “DBS BetterWorld”

Ford is all set to make a grand entry into the Metaverse with virtual automobiles and NFTs

American automobile giant Ford Motor Company is all set to make a grand entry into the Metaverse and Web 3.0. On September 7, lawyer Kondoudis revealed that the company filed 19 trademark applications to the United States Patent and Trade Office (USPTO) for all of its major brands claiming plans for: virtual cars, trucks, vans, and clothing as well as online stores for NFTs. 

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Ford is all set to make a grand entry into the Metaverse
Ford is all set to make a grand entry into the Metaverse

 

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