Polygon Welcomes Household Fashion Houses
Sports retailer powerhouse Adidas and luxury brand Prada are entering into an NFT venture hand in hand on the Polygon blockchain. This isn't the first time Adidas has collaborated on crypto based projects. They partnered with BAYC in 2021.
For those skeptical of the future of the NFT universe, Morgan Stanley predicted that by 2030, it could be a $300 billion business, according to Coindesk.
Reports state that the houses that have the best chances of thriving in the NFT game are Balenciaga, Gucci, and Kering.
Starting January 28 through the 31, people will be able to get involved by submitting their own photos with filters by digital artist Zach Lieberman
Social Media NFT Future in the Works
According to the Financial Times, Meta is looking into how Facebook and Instagram could allow users to have NFTs has profile pictures, create a marketplace for the selling and buying of NFTs, as well as the ability to potentially mint tokens through the platforms.
This comes on the heels of other social platforms already beginning their crypto/NFT ventures; namely, Twitter and Reddit.
In a move that is being hailed as a game changer for the entertainment industry, Warner Bros. Home Entertainment has announced the launch of the WB Movieverse with The Lord of the Rings: The Fellowship of the Ring (Extended Version) Web3 Movie Experience NFT. This groundbreaking new release will allow fans to engage with the film in ways never before possible!
Reddit has onboarded millions of new users to NFTs during a bear market. Read on to learn more.