Many have already pronounced the death of NFTs, and in part, they are correct. Amidst the fervor of the NFT hype cycle, we saw huge valuations and sales such as Beeple’s ‘The 5000 Days’ collection selling for a staggering $69.3 million. However, not substantiated by anything beyond the hype, the market came crashing down with […] Source CryptoX Portal
The tool will use AI to provide users with information on goods around them through the Klarna app by simply pointing their phones at items. Swedish fintech startup Klarna has launched an image recognition tool powered by artificial intelligence (AI). Using AI, Klarna wants to help people identify goods they would like to purchase. The new AI feature on the Klarna app allows users to point their phones at products to find information about similar items via the Klarna app. Klarna launched the feature on Wednesday. Speaking to CNBC, Klarna Chief Marketing…
Walmart has broadened the shopping experience for its customers in the metaverse as it merges purchases in the physical and virtual worlds. American multinational retail corporation Walmart Inc (NYSE: WMT) plans to expand its metaverse strategy by allowing its customers to buy physical versions of items available for virtual home purchases. Users can now purchase the items for their physical homes as they would for their virtual homes in House Flip, a game where players can renovate and sell virtual houses. In addition, customers can purchase virtual clothing in Zepeto, a mobile…
Some retailers in Argentina are already pricing imported items in U.S. dollars, according to reports from local news outlets. The idea behind this would be to keep prices stable and avoid repricing articles each day, a practice that has already been adopted in other Latam countries like Venezuela, which present high levels of inflation. U.S Dollars Now Used to Price Merchandise in Argentina The U.S. dollar is starting to make inroads in Argentina as a unit of account. According to reports from local outlets, some Argentine stores and retailers are…
Flipkart, the Walmart-backed Indian e-commerce giant, has launched a pilot to allow its customers to experience making purchases in a metaverse environment. The company announced the launch of its own metaverse, called Flipverse, in which several brands will be able to offer their own shopping experiences. Flipkart to Launch Flipverse: A Metaverse of Purchases Flipkart, one of the biggest India-based e-commerce companies, has announced it will pilot its own metaverse purchasing experience. Called Flipverse, this metaverse will allow customers to experience purchasing as if they were physically present in a…
Typically, disputes will end up going through the courts — but this can have mixed success. It’s easy to forget that NFTs remain a nascent technology, and this means that legal systems still lack understanding about how they work. This may mean that the nuance surrounding digital assets may get missed during civil action… but those in the lawsuit will still have to contend with hefty legal bills. Mattereum — a new protocol that delivers transferable proofs of digital ownership — aims to do things differently. It offers its customers…
Gucci will begin accepting crypto payments at five stores as part of a wider commitment but the success of its initiatives is uncertain; bitcoin plummets. Source
In a blog post published Wednesday, Vitalik Buterin, co-founder of Ethereum (ETH), expressed his wishes to make nonfungible tokens, or NFTs, soulbound as with the namesake item class in popular MMORPG World of Warcraft, or WoW. In outlining his reasons, Buterin explained that if someone shows they own an NFT that is obtainable by doing X, such as attending an auction, it is not possible to tell if the person actually obtained it from the auction themselves in attendance or simply bought the NFT via the secondary market. An example…
As both fractional and traditional non-fungible tokens (NFTs) have seen exponential growth this year, the firm Otis has announced the launch of a marketplace called Otis House. The platform is a new NFT project that turns physical items into NFTs, and the tokens can be traded at any time for the physical items stored in a vault. The platform has launched the auction of six assets that include a vintage Super Mario Bros 3 video game and a rare Bob Ross painting. Otis House Aims to Bridge NFTs and Physical…
sponsored The beta version of Ethair Market that launched on Monday, November 8th allows sellers to list their items early and get buyers acquainted with the site before their full release. Ethair has no listing fees and is currently available in the U.S & Canada, soon expanding to the other continents. In an effort to entice sellers, Ethair is currently running a giveaway for the first 1,000 sellers to sign up and list an item on the platform. Out of the 1000 entries 10 sellers will be randomly chosen to…