Features Today TheBitTimes.com

NFT company Yuga Labs is set to acquire a metaverse-building startup to advance its Otherside metaverse project. In this week’s newsletter, read about why the food and beverage nonfungible token (NFT) market is set to exceed $2 billion by 2032, check out the Bruce Lee avatar that has made its way into the metaverse, and how the British Museum uses the virtual universe to teach world history. In other news, find out how NFT-styled debit cards can be the future of Web3, and don’t forget this week’s Nifty News, featuring Yuga Labs acquiring a metaverse studio.  Here’s how big food and beverage brands are using NFTs: Report A report by Research and Market predicted that the global food and beverage NFT market will exceed $2 billion by 2032. According to the report, key supporting factors for the growth include blockchain adoption and the demand for NFT transparency and traceability within the food industry. Within the industry, various brands like Pizza Hut and Papa John’s have already ...

The EU Cryptopay cards may stop working soon as the Bank of Lithuania has revoked the EMI license of the app’s provider, UAB PayrNet. The European Union debit card provider for Cryptopay has lost its Electronic Money Institution (EMI) license, according to a June 22 email sent to its customers. The company recommends to EU cardholders that they should immediately spend or transfer funds from their cards. Funds held in the app’s accounts are safe, Cryptopay told Cointelegraph. Cryptopay June 22 email. Source: Cryptopay Cryptopay had been using UAB PayrNet, a license d EMI in Lithuania, to provide its EU customers with debit card services. But PayrNet’s license was revoked by Lithuania’s central bank, leading to the risk that users’ funds may become temporarily stuck on their cards. An email stated that only funds transferred to a user’s debit card would be affected. Otherwise, “this issue in no way influences your Cryptopay account which shall continue business as usual.” As for fun...