Yuga Labs Restructured, EU Offers Various Health Benefits: Nifty Newsletter
In this week's press, Yuga Labs, a non-violable token (NFT) company, has laid off employees, and the EU believes that MetaVas will help children's health. Find out what experts feel about blockchain integration at Metaverse and watch Disney's 360-degree Treadmill as seen by tech YouTuber Marcus Brownlee. In other news, Manchester City have entered into a new partnership to develop digital collections.
“Lost” Yuga Labs restructured with layoffs.
Yuga Labs CEO Greg Solano announced on X that the NFT company is restructuring and laying off employees. Solano explained to his employees that the company's creative spirit was “entangled in labyrinthine corporate processes.”
The executive said that the company is done with teams and committees in planning beyond delivery. However, Yuga's CEO has shown some steps in the reorganization process, stating that he has a plan.
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Despite the risks, the European Union mentions the health benefits for children in Metavas
An EU government think tank has published a letter outlining the opportunities and challenges for children in separation.
Maria Nystadt, a policy analyst from the European Parliamentary Research Service (EPRS), wrote that the metaverse could help children develop creativity and prevent disease.
EPRS writes that virtual world technology can be used to diagnose and treat mental and physical health disorders. The think tank added that the technology could be used to promote physical health through immersive experiences.
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Should Metavas be on the Blockchain? Execs weigh in.
While the Metaverse hype may not be at its peak in 2021, experts in the space remain positive about its future potential.
According to Imaginary Ones co-founder Clement Chia, Metaverse offers opportunities for brands to integrate real-world products into virtual worlds. The executive blockchain opens up endless possibilities in the metaverse.
Meanwhile, Landvaut CEO Samuel Huber said his company has seen many alternative applications in tourism, real estate and sports.
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This 360 treadmill could make the Disney Metaverse a physical playground.
Tech YouTuber Marques “MKBHD” Brownlee tested a 360-degree treadmill prototype that could turn Metavas into a physical playground. The device is called The Holotile, a plastic sheet with hundreds of small pieces arranged in a geometric pattern.
The device can move objects similar to Star Wars fictional characters. In addition, MKBHD also tested the treadmill, allowing him to walk in a dynamic environment.
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Manchester City is set to release a digital collection with the Kwid, a multi-year partnership.
Manchester City Football Club has signed a multi-year partnership with Quid – a subsidiary of Animoca Brands – to launch digital collections.
QUID designs and launches “special edition” kits that allow fans to unlock real-world experiences with a football club. The first production will be 200 digital playing cards on May 2.
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Thanks for reading this roundup of the week's most notable developments in the NFT space. Come back next Wednesday for more reports and insights into this actively growing space.
