Accounting Firm PWC’s Hong Kong Branch Purchases Land in The Sandbox Metaverse

On Thursday, Pricewaterhouse Coopers’ (PWC) Hong Kong unit announced that it purchased a land site in The Sandbox metaverse. The PWC Hong Kong branch will be the first internationally recognized professional services brand to enter The Sandbox metaverse. PWC Hong Kong Enters the Metaverse While land located next to Snoop Dogg’s Sandbox plot has sold … Read more

Defi Marketplace and NFT Platform Arcade Raises $15 Million in Series A Funding Round

The decentralized finance (defi) marketplace, non-fungible token (NFT) financialization platform, and lending application Arcade has announced the company has closed a Series A investment round for $15 million. Just recently, Arcade facilitated an onchain loan of $800,000 against an NFT portfolio from a lender with over $10 billion. Arcade Raises $15 Million in Series A … Read more

China’s Xinhua News Agency to Issue NFTs Despite Crackdown on Crypto

Xinhua, the official news agency of China, is going to issue an NFT collection with photographs depicting historic moments of the passing year. The initiative, which comes amid an ongoing crypto crackdown, is seen as a boost for blockchain, the technology that also underpins cryptocurrencies. Xinhua to Create Digital Collectibles Based on Photo Reports The … Read more

Game Developers GSC Game World and Ubisoft Face Backlash About NFT Inclusion

GSC Game World and Ubisoft, two game development companies, are dealing with backlash about the inclusion of NFT elements in some of their games. While GSC Game World — developer of the popular Stalker gaming franchise — has abandoned its plans in this regard, Ubisoft is pushing forward and has announced a partnership with Aleph.im … Read more

Instagram Is ‘Exploring NFTs’ to ‘Make Them More Accessible to a Wider Audience,’ Says CEO

According to the CEO of Instagram, Adam Mosseri, the social media application is looking into non-fungible token (NFT) technology. During an ask-me-anything (AMA) session on Instagram, Mosseri said that the company wants to make NFTs “more accessible to a wider audience.” Instagram CEO: ‘We Are Definitely Actively Exploring NFTs’ Following the firm’s parent company Facebook … Read more