The NFT Marketplace and McDonald’s Launch Virtual Experiences
This week, OpenSea introduced “Deals,” allowing NFT collectors to trade directly with one another, and McDonald’s launched McNuggets Land in The Sandbox. Venture capital funding for Web3 has seen a significant drop, but Futureverse secured an impressive $54 million seed round. Let’s break it down:
OpenSea’s new “Deals”
- OpenSea now allows collectors to trade NFTs directly and add WETH to sweeten the deal.
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Yum yum, nuggets so good?
- McDonald’s has created “McNugget Land” in The Sandbox, but some users were not impressed with the pixelated experience.
Web3 funding plunges
- Crunchbase reported a 78% drop in VC funding for Web3 in the first half of 2023, with only $3.6 billion raised compared to $16 billion in 2022.
Open Threadition
- Thread Guy lost an election and traded his rare Opepen NFT for an iconic Mutant Ape. Jack Butcher created a special Opepen NFT inspired by Thread Guy’s Ape, with proceeds going to Thread Guy.
In Other News
- Doodles and a toy store in Chicago collaborate to create an immersive Doodles land.
- Neopets abandons their metaverse project and NFTs.
- The Blockchain Game Alliance elects a new board, including Leah Callon-Butler.
- An animated comedy series called “FORTUN3” featuring Sam Bankman-Fried is in the works.
- Meta’s Threads app supports ActivityPub, a decentralized social media protocol.
Hot Take:
While OpenSea’s “Deals” feature and McDonald’s virtual experience are exciting updates for the NFT world, the significant drop in Web3 funding raises concerns about the future of the industry. However, the creative collaborations and initiatives within the crypto community continue to bring excitement and innovation to the space.
