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Yuga Labs will acquire Roar Studios as it looks to onboard talent for its still-in-development Otherside metaverse. Nonfungible token (NFT) conglomerate Yuga Labs has agreed to acquire the metaverse-building startup Roar Studios as it looks to bolster its Otherside metaverse. Yuga also tweeted the news on 31st July, saying the impending acquisition was to “execute our expansive vision” for Otherside. An accompanying release said Roar Studios’ founder and CEO Eric Reid will join Yuga as the general manager of Otherside, charged with leading the development and production of the metaverse.Yuga is also nabbing audio, game and artificial intelligence engineers from Roar’s team, which is 14-strong, according to LinkedIn. Otherside has only been seen through a handful of early access demos since August 2022, alongside a more recent “vibe check.” It’s unknown when the project will officially launch. In mid-July, Yuga chief Daniel Alegre said it’s still hard at work building Otherside, adding the project will take time as it is “audacious.”Yuga also scooped up the CryptoPunks and Meebits NFT collections in March 2022, and in November 2022, it acquired the Beeple-founded NFT game 10KTF.Next, Etihad NFTs offer priority check-in, lounge access. Abu Dhabi-based airline Etihad will soon take off with an NFT staking loyalty program called “Horizon Club” and is expanding its current NFT collection. On 1st August, 300 new NFTs will be added to Etihad’s EY-ZERO1 collection, which will offer benefits like priority check-in, lounge access in Abu Dhabi and the ability to stake the NFT to earn flight miles. Etihad isn’t launching the NFT staking platform until September, but a trailer for the product shows users will be able to stake multiple NFTs to earn flight miles which are redeemable for various perks such as flights, upgrades and hotels.As for the new NFTs, they depict an Etihad aircraft wrapped in branding for the latest Mission: Impossible film, with which the airline has a promotional partnership.NFT service platform Arcube collaborated on the collection and is one of the Web3 partners for the airline. Lufthansa and Eurowings, two European airlines have also flirted with Web3 integrations and are exploring how it could apply to their business models. So, that&#39;s a wrap for today’s WedNewsDay, we hope you all enjoy the read! Stay tuned for next week’s WedNewsDay and don’t forget to follow our social media accounts. Thank you!Follow us onWebsite | <a href="https://werentnft.io/" rel="noopener noreferrer nofollow">https://werentnft.io/</a>Instagram | <a href="https://www.instagram.com/werent_nft/" rel="noopener noreferrer nofollow">https://www.instagram.com/werent_nft/</a>Twitter |<a href="https://twitter.com/WebuyOfficial" rel="noopener noreferrer nofollow"> </a><a href="https://twitter.com/WerentOfficial" rel="noopener noreferrer nofollow">https://twitter.com/WerentOfficial</a>Medium |<a href="https://medium.com/&#64;webuynft" rel="noopener noreferrer nofollow"> </a><a href="https://medium.com/&#64;werentnft" rel="noopener noreferrer nofollow">https://medium.com/&#64;werentnft</a>Facebook | <a href="https://www.facebook.com/werentnft" rel="noopener noreferrer nofollow">https://www.facebook.com/werentnft</a>Youtube | <a href="https://www.youtube.com/&#64;WeRentNFT" rel="noopener noreferrer nofollow">https://www.youtube.com/&#64;WeRentNFT</a>

WedNewsDay! Yuga Labs to buy Metaverse studio, Etihad NFT staking to take off and more!

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