Twitter attorney Alex Spiro delivered to the CEO of Facebook parent company Meta Platforms (META.O) on Thursday, Twitter has threatened to sue the company over its new Threads platform. By utilizing Instagram’s billions of users, Meta, which began Threads on Wednesday and has received more than 30 million sign-ups, hopes to compete with Elon Musk’s Twitter. Spiro charged Meta with recruiting ex-Twitter workers who “had and continue to have access to Twitter’s trade secrets and other highly confidential information,” according to the report. “Twitter intends to strictly enforce its intellectua ..read more

Although the metaverse strategy from the European Commission, which was supposed to be released next week, has been delayed and won’t have any real teeth, there are legitimate concerns about how virtual worlds will handle real-world issues like privacy, technology standards, and property rights. A strategy document on virtual worlds has been delayed as long as it possibly be since it was first proposed by Commission President Ursula von der Leyen as part of an annual address in September. Next Tuesday is the deadline for EU commissioners to approve it; if they waited any longer, they would ha ..read more

Candy Digital and Palm NFT Studio, two well-known companies in the sports digital collectible industry, have merged to form a single entity called Candy Digital. The goal of the merger is to combine their resources, technology, and licenses to drive innovation, scalability, and operational efficiency in the blockchain-based technology space. Scott Lawin will continue as the CEO of Candy Digital, while Daniel Heyman, the co-founder, and CEO of Palm NFT, will join as president. The merged company aims to redefine brand experiences by focusing on co-creation, loyalty rewards, and community engag ..read more

Fashion powerhouse Lacoste has launched an exciting digital experience called ‘The Mission’, where fans can engage in community quests and earn rewards. This innovative move by Lacoste is part of the ongoing digital revolution in the industry, as brands strive to create lasting connections with their loyal followers. By completing missions in ‘The Mission’, users can earn points, climb the leaderboards, and increase the rarity of their UNDW3 cards, which brings them better rewards and value. The top performer at the end of the season will even win an all-expenses-paid VIP experience in Paris ..read more

On July 3, the Swiss bank Credit Suisse announced that it would be collaborating with the Swiss Football Association to launch 756 Ethereum NFTs, with all proceeds going toward promoting women’s soccer in the nation. It is the bank’s first foray into NFTs, which will be made available through its CSX app and bring additional features for digital assets without the need for cryptocurrency or a cryptocurrency wallet. Instead, the NFTs will be purchased through the app using Swiss francs. According to the bank, this “first step” was intended to be “simple and client-friendly” so a “broad client ..read more

The floor price of the Bored Ape Yacht Club (BAYC) collection of non-fungible tokens (NFT) fell below 30 ETH (about $58,700), marking a new low not seen since October 2021. According to OpenSea, Bored Ape Yacht Club has seen a decrease in the average price of its NFTs. This is due to a general cooling of the NFT market as well as a protracted crypto winter that has affected the price of Ethereum, the fuel for many NFT collections. Other top NFT collections, including MoonBirds, Azuki and Doodles have also experienced dips in recent months. Doodles, Azuki, and MoonBirds, three other notable NF ..read more

There are several factors that determine the success of an NFT project. In the long term, though, a few factors make an NFT valuable in the market. NFT utility is a key to NFT investors and collectors which convince them to invest in a project and become a member of the community. Adding utility to an NFT project can create real-world value for the project and take it to new heights. In fact, NFT utility allows an NFT to transform from a simple digital token to a highly desirable and valuable asset. If you are also thinking about adding utility to your NFTs, here is all you need to know. In t ..read more

dWallet Labs, a cybersecurity company specializing in blockchain technology, has announced the release of Tiresias, which will enable the application of massive-scale threshold Paillier settings with thousands of parties in real-world scenarios. Advantages of a distrustful MPC As part of the development of the Odsy Network and the dWallet primitive, Tiresias will enable the trustless execution of Multi-Party Computation (MPC) between thousands of participants. Numerous financial institutions and Web3 users employ MPC and threshold cryptography to secure assets and eliminate the single point o ..read more

The Trumps have returned with another set of NFTs. Just two months after former US President Donald Trump released a second batch of his NFT trading cards, effectively destroying the value of the previous set, his wife Melania has released a set of NFTs inspired by the impending Independence Day holiday. Melania Trump’s Solana-based NFTs, dubbed “The 1776 Collection,” rely on well-known American imagery, such as photographs of the Statue of Liberty and Mount Rushmore connected to animated signs. Each digital collectible costs $50 and comes in seven different designs, with a total run of 3,500 ..read more

The NEAR Foundation, the non-profit responsible for the ecosystem development of the NEAR protocol, has partnered with Alibaba Cloud, the computing and storage arm of the Chinese tech behemoth, to accelerate Web3 growth in Asia and the Middle East, the organization announced on Monday. The company stated that the partnership grants the NEAR Foundation access to Alibaba Cloud’s developer ecosystem in Asia and the Middle East in an effort to entice more developers to build on the NEAR protocol. Using Alibaba Cloud’s “plug-and-play” infrastructure as a service, developers who wish to establish n ..read more