The Week In facts n°54
Summary
Mobility: Tesla leads EV advance as Europe new-car sales jump 18% in May
Tesla led the growth in electric vehicle (EV) sales in Europe, increasing its market share to 2.6 percent, driven in part by aggressive price cuts. European new-car registrations rose 18 percent in May, with EV sales jumping 66 percent to 170,389 vehicles. Italy and Germany were the top-performing markets with sales gains of 23 percent and 19 percent, respectively. Volkswagen Group saw a 20 percent increase in sales, while Stellantis experienced a 0.5 percent rise. Tesla's registrations reached 29,000 vehicles, up from 0.2 percent in May last year. The automaker's Berlin plant and competitive pricing contributed to its success.
Fashion: Keeping Up with the Laws of the Fashion, Beauty & Luxury Business in Europe?
The fashion, beauty, and luxury sectors in Europe are facing increasing pressure to address environmental, social, and governance (ESG) risks and opportunities. The European Commission has adopted the Sustainable Textile Strategy as part of the Green Deal, introducing proposals for more durable, repairable, and hazardous-free fashion items. The Corporate Sustainability Reporting Directive requires large and listed companies to publish reports on their social and environmental impacts. The upcoming Ecodesign Regulation for Sustainable Products aims to improve circularity and energy performance, impacting the entire fashion sector. The introduction of a Digital Product Passport and the Green Claims Directive will enhance transparency and reliability of environmental information on products.
NFT: Zora Launches Layer-2 NFT Network to Battle Ethereum Gas Fees
NFT minting platform Zora has launched its own Ethereum layer-2 scaling network called Zora Network. It aims to lower costs and improve the user experience for artists and creators by abstracting away high gas fees. The network, built on the Optimism layer-2 scaling technology, makes minting 25 times cheaper compared to Ethereum mainnet. Zora has garnered support from over 35 platforms and aims to provide a purpose-built network for art and media. The launch follows Zora's success in hosting high-profile NFT drops and its ambition to create a DAO in the future.
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Luxury: Christie’s 3.0 Presents ‘Cartography of the Soul’ to Benefit Psychedelic Studies
Christie's, in partnership with collectors hub 1OF1, is hosting an NFT-focused auction titled "Cartography of the Soul" to support the Multidisciplinary Association for Psychedelic Studies (MAPS). The auction features over 30 digital artworks from renowned Web3 artists, with proceeds going towards MAPS' research and education initiatives. The auction will be conducted on Christie's 3.0 platform, designed for exceptional digital art. The event coincides with the Psychedelic Science 2023 conference and includes exhibitions in Denver and New York. The auction combines art, technology, and philanthropy, showcasing the evolving landscape of the digital art market.
Web3: Polygon Launches Its Own Copilot, a ChatGPT AI Assistant Chatbot
Polygon, a blockchain scaling solution, has launched its AI assistant called Polygon Copilot. The AI-powered interface aims to enhance user experience by providing insights, analytics, and guidance for navigating the vast ecosystem of dApps on Polygon. Developed in collaboration with LayerE, Polygon Copilot integrates OpenAI's GPT-3.5 and GPT-4 models and is trained on Polygon protocol documentation. Users can interact with Copilot by asking questions and receive witty responses. Polygon Copilot comes with different tiers for users at various levels of the ecosystem. It joins other Web3 companies embracing AI technology, catering to the growing demand for AI-powered solutions.
Digital Product Passport: European Fashion Alliance announces survey to establish state of fashion in region
European Fashion Alliance presents sustainability and policy framework for the fashion industry during a conference in Brussels in late 2023. The EU Commissioner for Internal Market, Thierry Breton, highlighted the industry's involvement in supply chains and discussed upcoming EU regulations on sustainability. The Alliance focuses on creativity, innovation, and craftsmanship, aiming to position European fashion as a source of solutions. They support eco-design requirements, the ban on destroying unsold goods, and the digitalization of product information. The Alliance plans to release an industry report based on a European survey in autumn 2023, which will guide concrete and measurable actions.?