In this week’s newsletter, read about Binance’s partnership with the most followed TikToker Khaby Lame. See how Vincenzo Sospiri Racing will use NFTs to authenticate car parts and how NFTs will slowly appear on Facebook and other meta-proprietary apps.
Meanwhile, an NFT licensing platform that aims to connect Bored Ape Yacht Club (BAYC) owners with brands has noted that hundreds have signed up. And, don’t forget about this week’s nifty news roundup featuring consoles for Web 3 gaming.
Binance taps TikTok star Khabi Lam to adopt Web3
Last week, exchange platform Binance announced a partnership with TikTok star Khabi Lem to bring awareness to Web3 and debunk the myths of the space. With its quirky content style, Lam is ready to clear up misconceptions and combat misinformation in Web3.
The TikToker said he’s curious about Web3 and the partnership is a match for his style, which is making complicated things a lot easier. As part of the collaboration, Lem will also partner with Binance to build an NFT collection to increase engagement with its fans.
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Lamborghini-backed GT Racing team to certify car parts using NFT
GT Team Vincenzo Sospiri Racing (VSR), a brand backed by Lamborghini, partnered with the NFT platform to launch a program that uses NFTs to certify racing car parts. Through NFTs, VSR will monitor and ensure that their car parts are of utmost quality. According to former world champion Vincenzo Sospiri, this allows his team to certify and audit each and every part of their fleet. In addition, NFT authentication may also be extended to the team’s official business and products in the future.
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NFTs to appear on Facebook, cross-post with Instagram as Meta Web3 continues to expand
When Facebook announced the “Digital Collectibles” tab on the creators’ timeline, Meta continued its Web 3 expansion. A spokesperson for Meta confirmed that Meta will gradually launch NFTs on Facebook, starting with creators based in the United States.
After some time, the creators of NFTs will be allowed to post between Facebook and Instagram. In May, Mark Zuckerberg, CEO of Meta announced the launch of NFT trials on Instagram. According to Zuckerberg, NFT functionality will eventually come to other Meta-owned apps such as WhatsApp and Facebook Messenger.
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Hundreds of bored monkey owners signed up to rent their NFTs to brands
A new NFT licensing platform called Boredjobs aims to list BAYC NFT within its platform to allow brands to browse through and indicate their interests in the collaboration. The platform was created by blockchain accelerator Mouse Belt Labs, led by its co-founder Patrick MacLean.
According to MacLean, just a day after its launch, the platform had received hundreds of applications from owners of BAYC NFTs to verify their ownership. Within the platform, brands can browse through BAYC NFT and choose to rent an ape. If both parties agree it will be presented to the owner of the ape.
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Nifty News: NFT and Web3 gaming consoles to launch in 2024, Chinese companies to check ID for NFT purchases and more
Web3 gaming company Polium has announced a multichain console dedicated to Web3 gaming. According to Polium, the console will be able to support NFTs and blockchains such as Ethereum, Solana, Polygon, and more. Meanwhile, the Chinese tech giant has signed a deal that forces them to verify the identities of users of the NFT trading platform. Called a “self-discipline initiative”, companies with a share in China’s NFT market are committed to verifying the identities of NFT buyers.
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Thank you for reading this digest of the week’s most notable developments in the NFT sector. Come back next Wednesday for more reports and insights into this actively developing area.
