Sports Illustrated Transitions NFT Tickets to Avalanche; WWE, Mocaverse, and Yuga Labs Make Major Moves in Crypto Space
Summary:
This week's news update covers Sports Illustrated's shift of its NFT ticketing platform to the Avalanche network and the collaboration between Mocaverse, KuCoin, and Halo to streamline on-chain identity in Web3. It also highlights WWE's digital card collection launch on the Panini Blockchain and Yuga Labs' acquisition of Proof, a creator of NFT collections.
Discover in this week's briefing why Sports Illustrated is shifting its NFT tickets to the Avalanche platform and how NFT identities in the Mocaverse are being reorganized. Also, learn about World Wrestling Entertainment (WWE) launching a digital anthology on the Panini Blockchain, and Yuga Labs' recent purchase of Proof. Sports Illustrated transitions to the Avalanche platform for NFT ticketing. On February 20, Sports Illustrated's Box Office, an NFT ticketing platform, made the switch to the Avalanche network. SI Tickets, affiliated with Sports Illustrated, confirmed its team-up with Ava Labs, the creators of Avalanche. This new alliance means that Box Office's NFT tickets will now exist on the Avalanche platform. David Lane, CEO of SI Tickets, stated that NFT ticketing will revolutionize the way we perceive tickets, which are typically discarded after their use at events. With NFT tickets, Lane suggests, there could be increased involvement opportunities for both event holders and participants.
KuCoin, Animoca’s Mocaverse, aim to simplify cross-platform identity. The combination of Mocaverse’s nontransferable NFT digital ID called “Moca ID,” KuCoin’s account system, and Halo’s Genesis membership pass aims to make on-chain identity in Web3 more efficient. On February 15, a partnership between crypto exchange KuCoin, Animoca Brands’ Mocaverse, and Web3 wallet Halo was declared to consolidate digital identity. A spokesperson from KuCoin noted that Web3 activities such as trading, digital collectibles, and the metaverse may operate differently, which may complicate accessing benefits across the platform. The joint venture aims to address this problem.
WWE releases Donruss Elite cards digitally on Panini blockchain.
Collectibles company Panini introduced a digital set of Donruss Elite cards on their blockchain, featuring WWE icons John Cena, Steve Austin, Roman Reigns, and others. This isn't WWE's first foray into NFTs. Last year, the company collaborated with John Cena to roll out a series of NFT collections, offering perks like front-row tickets to Wrestlemania for the highest bidder.
Yuga purchases Proof: Important details from the weekend. Yuga Labs reported the successful acquisition of Proof, the entity behind NFT collections such as Moonbirds, Oddities, Mythics, and Grails. Proof's resources, intellectual property, and staff will now be part of Yuga Labs. Kevin Rose, Proof's CEO and founder, will also serve Yuga Labs as an advisor.
Be sure to tune in to COINTELEGRAPH's NFT STEEZ PODCAST! We are grateful for your time and look forward to sharing more NFT advancements next Wednesday. Keep in touch for more updates on this rapidly changing landscape.
Published At
2/21/2024 11:00:00 PM
Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.
Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal?
We appreciate your report.