HOT STORIES IN WEB3, METAVERSE, CRYPTO AND NFTs PLUS AN EXCLUSIVE META TALKZ INTERVIEW WITH CHRISTIAN FERRI, THE CO-FOUNDER AND CEO OF NFTPro?

Binance raises $500 million fund to invest in ‘Web3’ as crypto slides into bear market

The company’s venture arm, Binance Labs, said Wednesday it has raised $500 million for its debut start-up fund, securing backing from venture capital firms DST Global and Breyer Capital as well as unnamed family offices and corporations. It comes after Andreessen Horowitz last week announced a?mammoth $4.5 billion fund ?to invest in crypto start-ups.

Binance Labs plans to use the capital to invest in companies building “Web3.” Though still an ill-defined term, Web3 loosely refers to a?hypothetical future iteration of the internet ?that’s more decentralized than online platforms today and incorporates blockchain, the shared digital ledgers behind most major cryptocurrencies.

LUNA CRYPTOCURRENCY AIRDROP CALLED ‘MOST EGALITARIAN MOMENT’ SINCE BITCOIN

A series of pie charts showed how 62% of AVAX tokens are held by the development team while 73.2% of SOL tokens are also held by creators. Meanwhile, the Luna airdrop saw just 10% of new tokens go to fund developers, who aren’t directly linked to Terraform Labs.

Terra Watcher concluded: “For the first time ever on an alternative smart contract platform it makes sense for entities to accumulate the native asset for the purpose of governance.

“It’s the most egalitarian moment since BTC inception.”

KuCoin Announces Decentralized Wallet: Web3 & NFTs the Aim

Users are now able to connect with the KuCoin Wallet, which is currently available in the web-based exchange platform.

The mobile-based platform is still in the works and is set to launch in the near future. The platform is integrated into the KuCoin ecosystem and also supports cross-blockchain implementation.

In addition, it is a one-stop place to execute various activities of a normal wallet such as buy, sell, trade, and send multiple cryptocurrencies from Bitcoin (BTC), Tether (USDT), Binance (BNB), USDC (USD), and other tokens.

The Space is the World's First Large-Scale NFT Pixel Art Game Governed by Radical Markets

The Space is officially open to the public today: the world's first NFT pixel art co-creation canvas where anyone can tokenize and trade pixels under Harberger Tax and Universal Basic Income (UBI).

Powered by Matters Lab, the creator behind the biggest successful application of blockchain social media in the world with over 100,000 content creators and other co-creation NFT projects, The Space will reimagine the pixel graffiti wall as a foundation for a new attention economy in web3.

Read more of the latest news here!

• First Mover Asia: Bitcoin Sinks Below $30K Amid Renewed Risk Fears
• Former Employee Of NFT Marketplace Charged In First Ever Digital Asset Insider Trading Scheme
• DePay brings their Web3 P2P payment gateway to eligible Shopify merchants
• OKX Blockdream Ventures Invests Tens of Millions to Grow Play-to-Earn Gaming, NFT Marketplace on WAX

NFT Pro: The Future of NFTs: A Meta Talkz with Chris Ferri

What was your journey like to get where you are?

Started 10 years ago as the leader of innovation practice at PwC. Led several client engagements with Fortune 500 companies on blockchain integration and adoption. Had my own consulting firm, advising over 5 dozen of fortunes on DLT, dozen board seats, LP in 2 funds. When NFTs came out In 2017, I believed that NFT would revolutionize how records will be transacted over the internet, and the web would never be the same, adding a wealth of new use cases and transforming commerce, society, and work. Specifically, I’ve seen the majority of these use cases coming from enterprises so I started a company called BlockStar to enable large companies to transform their operation, commerce, and interactions with NFTs. Over the years, BlockStar becomes NFT Pro, the #1 NFT as a service platform for enterprises.

In simpler phrases, what is your company exactly doing?

NFTPRO? is the #1 enterprise white-label NFT solution for global brands, making NFT campaigns seamless, easily executed, and on-brand. We help global enterprises strategize, create, sell, and distribute NFT-based digital authentic assets thanks to our enterprise-grade platform, proprietary methodology, and enterprise-level support. Brands can engage communities, drive new revenue streams, and boost cross-sales of physical products while ensuring complete company control, sustainability, and global regulatory compliance.

What about Metaverse are you most excited for in the future?

When the DOD invented the internet back in the ’60, the sole purpose was to create a communication tool, not a commerce tool nor a tool that is meant to transfer authentic, trackable information among parties. The web’s DNA has always been a tool to connect parties over simple data. In the ’90s and the advent of online payment, e-commerce was born with companies such as eBay and Amazon.

In reality, it’s not electronic commerce, but a simple proxy to physical commerce: you buy online and receive your goods at home. NFT change that: they add a layer over the Web that allows parties to transact authentic, tracible, programmable records, enabling a host of new use cases before not possible.

Why should we be paying attention to the Metaverse?

Because in 5-7 years, every single transaction of records over the internet will be tied to an NFT, from real-estate transactions, identities, voting, taxes, virtual commerce, software licenses, asset transfers, and more.

Want more? Read more Meta Talkz articles here!