Art, history and Bruce Lee in the metaverse, food brands use NFTs: Nifty Newsletter
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 ...