Cryptocurrency News

Puma launches metaverse experience: Nifty Newsletter, June 7–13


In this week’s newsletter, read about footwear giant Puma’s new metaverse experience for Puma Pass nonfungible token (NFT) holders. Check out Meta CEO Mark Zuckerberg’s comments on the new Apple Vision Pro headset, and how NFT platform Enjin has launched a new blockchain. In other news, GameStop terminated the executive responsible for its NFT push, and don’t forget this week’s Nifty News, featuring Kraken’s NFT marketplace and Coinbase’s Stand With Crypto NFTs.

Footwear conglomerate Puma launches 3D Web3 experience

Footwear company Puma has launched a 3D metaverse experience called Black Station. According to its creators, it’s an experiment to provide Puma Pass NFT holders access to various product drops.

Despite this, the company highlighted that the experience is open to everybody, but those with special tokens airdropped to Puma Pass holders will have perks like the ability to buy digital wearables and a “Rulebreaker” sneaker.

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‘Already explored’ — Apple Vision Pro fails to impress Mark Zuckerberg

Meta CEO Mark Zuckerberg has recently shared his thoughts on Apple’s newest product, the Vision Pro headset. According to the executive, while he had not yet experienced the product firsthand, he believes that the Meta team had “already explored” and contemplated the constraints of laws and physics, indirectly suggesting the new product may not be groundbreaking.

The Meta CEO also highlighted that Apple added increased capabilities, leading to a sevenfold cost increase.

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NFT platform Enjin forks Polkadot parachain Efinity to new mainnet

NFT platform Enjin has launched a new mainnet called the Enjin Blockchain. To further Web3 adoption, the team said that the blockchain would provide solutions that do not rely on smart contracts but rather have functions integrated directly into the blockchain’s code.

The new chain enables various features like allowing developers to subsidize user transaction fees and letting users directly interact with projects within the blockchain without downloading specific wallet software.

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GameStop fires CEO Matt Furlong months after axing crypto push

GameStop has recently terminated its CEO Matt Furlong, the executive who led the company’s push into the NFT space. In a statement published by the company, Furlong was fired while Ryan Cohen was promoted to executive chairman.

The development follows GameStop’s 2022 announcement that the company would no longer focus major efforts toward NFTs or crypto after an earnings call that showed almost $95 million in losses.

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Nifty News: Kraken NFT exits beta, Coinbase’s ‘Stand with Crypto’ gains support and more

Crypto exchange Kraken has recently announced that its NFT platform has launched out of its beta phase. With the launch, the marketplace noted that it expanded the number of collections supported and integrated the Polygon blockchain. Meanwhile, Coinbase’s Stand With Crypto NFTs strengthens as the community supports the campaign’s push for sound regulation.

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Thanks for reading this digest of the week’s most notable developments in the NFT space. Come again next Wednesday for more reports and insights into this actively evolving space.



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