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“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.”

“Welcome to the evolving might of blockchain and NFTs, predicted to reach a staggering $2 billion in the food and beverage sectors by 2032. Meanwhile, the Metaverse offers unique digital collectibles and a virtual experience of art and culture. However, amid these dazzling prospects, users should exercise caution and enable two-factor authentication to prevent scams.”

“Despite a visible decline in NFT’s popularity, Reddit announces its fourth-generation collectible avatars. Enabling decentralized trading and third-party sales, these avatars won’t conform to the usual definition of NFTs. This bold move from Reddit shows determination to embrace the evolving digital collectibles market, despite the industry’s recent volatility.”

Non-fungible token (NFT) ticketing company Get Protocol has secured $4.5 million in new funding, amid dwindling fundraising climate subsequent to the fall of the FTX exchange. The funds contributed by Flow Ventures and other notable Web3 companies aim to create an alternative to dominant entities such as Ticketmaster.

ApeCoin DAO, the organization behind ApeCoin (APE), has welcomed two new members, Waabam and CaptainTrippy, to its Special Council governing body. Despite governance fluctuations, the community expresses optimism. However, concerns about the remuneration capacity of the council members have emerged, leading to proposals for salary cuts.

Web3 gaming studio Mythical Games recently raised $37 million in the first part of their Series C extension round, reaching a $1.25 billion valuation. The firm plans to optimize its business model, enhance infrastructure, and launch new games in 2023.

Web3 gaming studio Pixion Games raised $5.5 million in seed funding for its blockchain-based game Fableborne, backed by prominent investors like Avalanche Foundation. The action-based RPG operates on the Avalanche network, featuring on-chain assets. Fableborne showcases the potential of crypto gaming despite a highly competitive market and current crypto investment slowdown.

EDX Markets, a new crypto exchange backed by Citadel Securities, Fidelity Investments, and Charles Schwab, offers trading for major cryptocurrencies without storing the digital assets themselves. Meanwhile, regulatory concerns and security risks emphasize the importance of vigilance and due diligence in the crypto space.

The Web3 gaming space is set to evolve with more triple-A console-style games launching in the upcoming year, attracting traditional gamers to decentralized gaming. Despite regulatory challenges, the gaming industry is moving towards a hybrid model embracing blockchain technology, NFTs, and the decentralized metaverse.

Blockchain-based gaming is booming, with Last Remains, a triple-A Web3 multiplayer battle royale zombie game, raising $4.75 million from major crypto investors. A partnership with Cointelegraph Accelerator highlights its focus on high-quality gameplay and the expertise of its developers from top gaming companies.

Consensus 2023 showcased growing interest in Web3 technology adoption among large companies like Mastercard and Google Cloud. The event focused on essential Web3 strategies, innovations, and privacy, but could benefit from a stronger international presence to understand global opportunities.