The second-largest European bank HSBC has partnered with The Sandbox, a leading metaverse project, to explore the potential of Web3 commerce and reach customers in the rapidly growing metaverse.
Digital wallet MetaMask, one of the most popular gateways to the world of decentralized finance (DeFi) and Web3, has reportedly surpassed the 30 million monthly active users (MAUs) milestone. The growth of ConsenSys’ flagship crypto wallet offering can not be overstated – in the last four months, its user base increased by more than 40%. For further context, the wallet had just 5 million users last April.
Venture capital firm Griffin Gaming Partners has raised $750 million for its venture fund exclusively dedicated to gaming. The newly acquired capital has pushed the total asset under management (AUM) to $1 billion which makes Griffin’s gaming fund one of the largest of its kind.
Chingari, one of the quickest growing short-video sharing platforms with more than 10 million Indian users, has announced its native social token GARI is now available to users of CoinDCX, India’s leading cryptocurrency exchange.
Solana Labs, the creators and developers of the leading proof-of-stake (PoS) blockchain Solana, have launched Solana Pay, a new payments service that allows merchants and customers to use crypto as a payment method. Sheraz Shere, the head of Payments at Solana Labs, explains:
Chingari’s social token GARI has enjoyed huge success on its first trading day after going live on 12 crypto exchanges, including OKX, FTX, and KuCoin, on January 18. GARI topped $100 million in trading volume, showcasing strong community engagement and interest in one of India’s fastest-growing social media apps.
2022 is shaping up to be an exciting year for NFTs, the metaverse, and the ongoing evolution of Web 3.0. The headlines have been coming thick and fast, but one of the biggest stories of the last week emerged from tech behemoth Samsung, which announced it was integrating NFT functionality into its new range of smart TVs. The announcement, which came ahead of the 2022 Consumer Electronics Show, stated that the new Samsung Smart Hub would feature an app allowing users to discover, purchase, and trade digital artwork through their TVs.