Quidd

Wednesday

Chia

In this week’s newsletter, <a href="https://cointelegraph.com/nonfungible-tokens-for-beginners/what-are-nfts-and-why-are-they-revolutionizing-the-art-world" rel="noopener noreferrer nofollow">nonfungible token (NFT)</a> company Yuga Labs has laid off employees, and the European Union believes the metaverse can help children’s health. Find out how professionals feel about blockchain integration on metaverses and look into Disney’s 360-degree treadmill, demonstrated by tech YouTuber Marques Brownlee. In other news, Manchester City enters a new partnership to develop digital collectibles.&nbsp;
<h2 data-ct-non-breakable="true" id="lost-yuga-labs-restructures-again-with-layoffs">“Lost” Yuga Labs restructures again, with layoffs</h2>
Yuga Labs CEO Greg Solano announced on X that the NFT company is restructuring and laying off employees. Solano highlighted to the staff that the firm’s creative spirit was “muddied by labyrinthine corporate processes.”
The executive said the company had been planning more than they were shipping, ending up in groups and committees. However, the Yuga CEO said he has a plan, revealing some steps in the reorganization process.
<a href="https://cointelegraph.com/news/yuga-labs-restructures-layoffs-new-exec" rel="noopener noreferrer nofollow">Continue reading</a>
<h2 data-ct-non-breakable="true" id="eu-touts-health-benefits-for-children-in-the-metaverse-despite-risks">EU touts health benefits for children in the metaverse despite risks</h2>
A government think tank for the EU published a letter laying down opportunities and challenges for kids in the metaverse.
Maria Niestadt, a policy analyst from the European Parliamentary Research Service (EPRS), wrote that the metaverse can boost children’s creativity and help them heal from diseases.
The EPRS wrote that virtual world tech can be used to diagnose and treat mental and physical health disorders. The think tank added that the technology can also be used to promote physical health using immersive exercises.
<a href="https://cointelegraph.com/news/eu-eprs-health-benefits-children-metaverse-risks" rel="noopener noreferrer nofollow">Continue reading</a>
<h2 data-ct-non-breakable="true" id="does-the-metaverse-need-to-be-on-the-blockchain-execs-weigh-in">Does the metaverse need to be on the blockchain? Execs weigh in</h2>
While metaverse hype may not be as high as in 2021, professionals working in the space remain positive about its potential for the future.
Imaginary Ones co-founder Clement Chia said the metaverse presents opportunities for major brands to integrate real-world products in a virtual world. The executive said that blockchain opens up endless possibilities in the metaverse.
Meanwhile, Landvault CEO Samuel Huber said their firm saw many metaverse applications in tourism, real estate and sports.
<a href="https://cointelegraph.com/news/metaverse-blockchain-techology-integration-execs-weigh-in" rel="noopener noreferrer nofollow">Continue reading</a>
<h2 data-ct-non-breakable="true" id="this-360-treadmill-could-make-disney-s-metaverse-a-physical-playground">This 360 treadmill could make Disney’s metaverse a physical playground</h2>
Technology YouTuber Marques “MKBHD” Brownlee tested a 360-degree treadmill prototype that could turn a metaverse into a physical playground. The device is called The Holotile, a plastic mat with hundreds of smaller pieces arranged in a geometric pattern.
The device can move objects in a manner similar to that of fictional characters from Star Wars. In addition, MKBHD also tested the treadmill, allowing him to walk around in a metaverse environment.
<a href="https://cointelegraph.com/news/360-treadmill-disney-metaverse-physical-playground" rel="noopener noreferrer nofollow">Continue reading</a>
<h2 data-ct-non-breakable="true" id="manchester-city-to-release-digital-collectibles-through-multiyear-partnership-with-quidd">Manchester City to release digital collectibles through multiyear partnership with Quidd</h2>
Manchester City Football Club signed a multiyear partnership with Quidd — an Animoca Brands subsidiary — to launch digital collectibles.
Quidd will develop and launch “special edition” collectibles that allow fans to unlock real-world experiences with the football club. The first product will be 200 digital player cards available on May 2.
<a href="https://cointelegraph.com/news/manchester-city-nft-digital-collectibles-quidd" rel="noopener noreferrer nofollow">Continue reading</a>
Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.

Yuga Labs restructures again, EU touts metaverse health benefits: Nifty Newsletter

Table of Contents

Cointelegraph

Other articles published on May 1, 2024

Crypto Markets Lose $200 Billion As BTC Dips To $57k Ahead Of FOMC Meeting

Ripple rejects SEC’s $2b claims; whales shift to SHIB and InQubeta

Ethereum Faces Key Resistance Levels

Is AI Becoming Cheaper for Smaller Businesses?

Coinbase Successfully Integrates Bitcoin Lightning Network

Should You Invest in Bitcoin ETFs? Detailed Monthly Review and Analysis for April 2024

Join our free newsletter for daily crypto updates!