News of Note for the Internet-Minded – The Virtual Big Bang of NFTs and the Metaverse – JD Supra

This metaverse-meets-NFTs themed edition of News of Note includes travel, food and shoes, a big box retailer entering the NFT arena, and the purchase of (a film adaptation of) a sci-fi classic. Oh, and there’s also the opportunity to be virtual next-door neighbors with Snoop Dogg.

• Does the metaverse heighten the utility of non-fungible tokens? (Anirudh Tiwaru, Cointelegraph)
• The metaverse real estate market is dropping like it’s hot: Snoop Dogg purchases virtual sandbox property. (Theo Tzanidis, Cryptonews)
• Cryptocurrency collective purchases Jodoworsky’s Dune adaptation—sans the original Dune copyright. (Adi Robertson, The Verge)
• As the blockchain meets NFTs, what does ownership mean in the metaverse? (Robert Napoli, Forbes)
• Nike opens a virtual shoe company in the metaverse. (Richard Lawler, The Verge)
• The travel industry tests the metaverse’s waters with travel-specific NFTs. (Geoff Whitmore, Forbes)
• Walmart is developing its own brand of cryptocurrency and NFTs for the metaverse. (Lauren Thomas, CNBC)
• Freedom Games says “con artists” are using their game Outerverse for an NFT scam. (Andy Chalk, PC Gamer)
• Animoca Brands, a metaverse gaming company, has raised nearly $260 million in a funding round. (Elizabeth Howcroft, Reuters)
• Chain restaurants and local chefs experiment with NFTs and the metaverse to market their brands. (Jenn Harris, L.A. Times)

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