Key Takeaways
- South Korea is betting big on the metaverse, investing the equivalent of US$177.1M in various metaverse projects. The move is part of the “Digital New Deal” program which was created to invest in emerging technologies.
- Subway is the newest fast-food giant to enter the metaverse, filing two patents on 17 May. The applications indicate plans for virtual food and beverage, NFTs for loyalty programs, and entertainment services.
- Creators of Axie Infinity, Sky Mavis, have revealed projects that were accepted into its Builders Program – an initiative which allows users to create experiences atop the Axie platform, and keep a significant portion of revenue generated.
Highlights
- Zilliqa releases Unity SDK to increase Web3 interoperability in gaming
- Infinite Arcade and YGG Sea collaborate to bring Web3 gaming to the masses
- Gucci builds a permanent presence on Roblox with Gucci Town
- STEPN to bar move-to-earn for China-based users in July
- Ni No Kuni sequel to feature NFT integration and play-to-earn mechanics
- Metaverse-related phishing attacks become the newest form of high-tech fraud
- L’OFFICIEL and The Sandbox launch various Web3 endeavours
- Chibi Clash raises $3M in private round to build fantasy Web3 gaming universe
- Israel’s first NFT art auctioned as Tiroche Auction House makes metaverse debut
- Elvis On-Chain to host world record breaking Elvis extravaganza
- Miami Swim Week to use Web3 tech at festival
- Curzio research pays US$5M for metaverse land
- Mark Zuckerberg predicts more metaverse pain after spending US$10B in 2021
Game Updates
- Axie Infinity: Origin patch, including balance and UI improvements
- Axie Infinity is testing their new referral program
- Thetan Arena launches server in Africa