Latest In Metaverse, Web3, and NFTs

Hello, again, and welcome back to the Latest in Metaverse, Web3 and NFTs newsletter. Your Linkedin newsletter to find out about the most curious, exciting and most recent developments in these fascinating spaces.

So, without further ado, let’s dive right in!

The Magic Square Marketplace Solution

Hopoing to make marketing cheaper for crypto startups and bridge the gap between web3 projects and Apple users, the startup known as Magic Square is building an app store that lets developers list projects that are vetted by the community.

This business model works as a marketplace for affiliate marketing, in which developers choose the price they will pay for each user they acquire. In turn, marketers are responsible for working on helping the apps get new users. That’s the magic of it, instead of claiming a tax for the in-app purchases, Magic Square takes 10% from the developers' campaign budget. where developers set a price for how much they pay for each user they acquire. Crypto.com has recently joined the team as a strategic investor that will help Magic Square expand.

Former Google Ads Executive Launches Web3 Company

Sridhar Ramaswamy, former leader of Google’s advertising operations until 2018 has recently launched a Web3 company called Nxyz that aims to make searching in the blockchain easier, with no ads nor online tracking.?

The company secured $40 million in funding back in May from several web3 giants such as Coinbase and Sequoia.

Launch of web3 educational project focused on women in Latin America

Unstoppable Domains, a member of Unstoppable Women of Web3, announced yesterday its new educational project aimed at introducing more than 5 million Latin American women to Web3 by 2030.

This initiative launched by Unstoppable Women of Web3 in partnership with H.E.R. DAO LATAM, a women-led DAO developer, and CryptoConexión, an educational platform on cryptocurrencies, blockchain and Web3 for Latin Americans, will bring online courses on crypto and Web3, which will be free and available in English, Spanish and Portuguese.

El Salvador launches new card to facilitate payments with Bitcoin

Bitcoin holders in El Salvador will soon be able to spend their holdings using tap-to-pay anywhere near field communication (NFC) service card readers are available. The cardless payment service would use Lightning Network (LN) to facilitate BTC transactions at retail.

The Lighting payment card, called Bolt Card, was launched on Wednesday.?

Creators of Bored Ape and other NFT Projects Reportedly Under SEC Investigation

According to various news sources, the U.S. Securities and Exchange Commission (SEC) is looking into whether certain NFTs from Yuga Labs could be "more akin to stocks."

They say that the SEC investigation into Yuga Labs could indeed be part of a wider investigation into the non-fungible token (NFT) market.