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“Payment gateways like PayPal, Stripe, and Square are embracing cryptocurrencies, facilitating faster transactions and offering crypto support. However, the need for proficiency in cryptocurrency handling and sharing of financial data with third-party platforms may discourage potential users.”

“Adidas has launched a digital artist-in-residency program in its Web3-based Triple Stripes Studio promoting creative talent within the NFT sphere. However, with the potential risks associated with Web3 and NFTs, volatility and speculation, thorough research and cautious participation are advised.”

‘Residency by Adidas’ offers a new platform for web3-powered digital artists to innovate and create valuable connections within the Adidas community. This venture seeks to bridge physical and virtual worlds with collaborations and its introduction takes place at the Korean Blockchain Week with partnership by NFT Now.

Mark Smargon, CEO of Fuse, suggests the future revolution in payment systems could stem from blockchain payments apps, not giants like Ethereum. Despite challenges, such as global regulations, Smargon believes in the potential of Web3 payments, insisting diverse blockchain networks could rival traditional payment systems, such as Visa.

“X’s ad revenue-sharing initiative allows content creators to earn a portion of revenues from ads, sparking interest in future crypto payments integration. Stripe will handle payment processing, hinting at crypto ecosystem support. Speculations propose both DOGE and BTC as possible launch currencies.”

“NFTs are the current rage in crypto, with significant transformations such as Ethereum co-founder Vitalik Buterin’s portrait being sold as an NFT. However, the lack of clarity over what’s permissible affects transparency as exemplified by the OpenSea case.”

Gensyn AI recently secured $43 million in Series A funding led by a16z crypto to harness the power of decentralized technology for AI applications. Their decentralized machine learning compute protocol connects global machine learning-capable hardware, enabling a scalable, blockchain-based solution with minimal verification overhead.

BitDAO’s native token BIT is set to rebrand as Mantle after a community majority vote. The BIP-21 proposal aims to consolidate the BitDAO ecosystem under the “One brand, One token” philosophy in preparation for the launch of a new Ethereum-based layer-2 mainnet, developed by Mantle.

The recent proposal to unify branding between Mantle Network and BitDAO has led to the BIT token’s transformation to MANTLE, simplifying tokenomics and unifying the ecosystem prior to the layer-two mainnet launch. The change, approved through the BIP-21 proposal, aims to minimize confusion while optimizing the BitDAO ecosystem.

Adidas’ leap of faith into the BAYC NFT deal has proven successful, venturing into the metaverse in collaboration with Yuga Labs, Punks Comic, and Gmoney. Despite initial uncertainty, the partnership aligned with Adidas’ values and led to a rewarding experience, raising $23 million, not including royalties from secondary market sales. This success highlights the potential benefits of integrating values and taking risks in the expanding NFT market and metaverse.

Stripe recently introduced a fiat-to-crypto onramp for Web3 companies, aiming to tackle the “cold start problem” and optimize conversion and authorization rates. Despite its convenience, users must remain vigilant to prevent false sense of security and prioritize due diligence when handling digital assets.