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Metaverse April 8, 2022

The Fabricant raises $14 million for avatar design

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The Fabricant, a blockchain fashion brand, has raised $14 million in a Series A fundraising round led by Greenfield One. Sound Ventures, created by Ashton Kutcher and Guy Oseary, well known as Madonna’s manager and as a dealmaker for Yuga Labs from Bored Ape Yacht Club NFT, is among the investors. Sebastian Borget, the Sandbox’s COO, took part as an angel investor.

The Fabricant, a Dutch startup, began by developing 3D digital garment models for clients such as Adidas. Over the last two years, it has expanded into blockchain, NFT, and metaverse. It has collaborated on NFTs with Vogue and Diesel, for example.

But it doesn’t simply want to be the next Gucci of the web3. It wants to build the avatar of designer clothing. Instead, The Fabricant wants to empower others and create a decentralized fashion house in the spirit of web3. The Fabricant studio was founded as a platform for designers to collaborate on and sell their clothes.

Acording to Morgan Stanley, luxury products in the metaverse might generate profits of 50 billion euros ($60 billion) by 2030. The profit margins are quite appealing without the costs of physical production and distribution. By 2025, the Fabricant believes that the metaverse will have 100 million people to clothe.

“Everyday users become designers through The Fabricant’s studio, which allows them to collaborate with their favorite brands to produce high-end digital fashion items,” said Maaria Bajwa, an investor at Sound Ventures.

She went on to say: “The Fabricant creates a very user-friendly end-to-end experience that hides the complexity of blockchains while delivering all of the sovereignty, interoperability, and distribution value that NFTs can provide. The Fabricant is providing totally new ecosystems to this community and showing them the power and utility of NFTs for artists by being the first to tackle UGC (user-generated content) on the blockchain.”

For MetaNews.

Jonathan Hobbs is an Australian investor and author that trades on a variety of asset classes, including currencies, equities, and commodities. Jonathan’s experience as a macro trader leverages his unique writing style to combine important elements, such as technical analysis and news. The other elements that he brings into his unique writing styles are foundation analysis aimed at rational equilibrium values, evaluating the sizes and motivations of buyers and sellers, as well as identifying the needs of the buyers and sellers in the individual markets. Jonathan is committed to quality writing for new traders as well as veterans.

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Metaverse

PandaQ is a new NFT collection

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PandaQ refers to a group of 8,888 distinct pandas that are linked to one another by means of the Ethereum blockchain. The assortment will be made available for purchase in the marketplace that can be found on Opensea.

Each Panda is one of a kind due to the fact that it is made up of over two hundred individually crafted parts that, when put together, form a character that is extremely rare and almost never seen. This makes each Panda a one-of-a-kind collectible.

“Joining the Panda community means becoming a part of a fantastic group of people who believe in blockchain technology and a decentralized future,” said one member of the Panda community. “Panda is an open-source blockchain-based digital asset platform.”

Once users have joined the whitelist, they will be eligible for a discount equal to twenty percent off the purchase price and will be able to save money on their monthly gasoline bills

In addition, anyone who participates in the pre-sale will be given the opportunity to purchase one of just ten unique PandaQ NFTs that will be made available. There will be no more than ten of these items available. In addition, anyone who already has two adult Panda NFTs will be eligible to receive a junior Panda NFT at no additional cost if they meet the requirements for this bonus.

At least 80% of the profits made from sales will be contributed to the projects that are still in the planning stages on the Pandaq Launchpad. The ten percent that is left over will be applied toward offsetting some of the costs that are associated with the Launchpad.

The group is comprised of a wide variety of experts in their respective fields, ranging from marketers and technicians to social media and business development specialists and business development specialists. The team’s primary goal is to provide the best possible service to the client. By doing so, they can guarantee that the project will be a resounding and unqualified success.

Twitter: twitter.com/pandaqio

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Metaverse

Metaverse sports tournament to be held in MENA

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Qatar is the host country for the first EA Sports metaverse event to be held in the MENA area. This first-of-its-kind metaverse competition offers a total prize pool of QAR 182,000 to be split among the four winners who are qualified from EA Sports.

The much-anticipated EA Sports FIFA22 Champions Cup, which will take place in Qatar, ushers in a brand-new age of e-sports thanks to the fact that the entire competition will be streamed live in the metaverse.

E-sports fans will get the opportunity to see top players compete for the championship during the event, which will take place on May 24, 25, and 28 at the Aspire Ladies Sports Hall in Doha.

The competition will be the first of its kind to take place in the region

Along with a wealth of entertainment options and activities, the event will also feature influential figures from FIFA and Qatar. This will ensure that the evening will be one that is not soon forgotten. The foyer will open at 5:30 in the evening.

Additionally, Ooredoo Nation – Gamers’ Land, the company’s very own eSports brand, will be providing a variety of exclusive non-fungible tokens for purchase (NFT).

According to Nasser bin Hamad bin Nasser Al Thani, the chief commercial officer of Ooredoo, “We are proud and excited to delve into the area of Web 3.0 technologies with this latest eSports breakthrough, which coincides well with our strategic commitment to engage in innovation.”

“In this day and age, we believe that eSports is one of the most important areas of attention, and it is also an area in which we can explore the many chances to provide our consumers with an experience that is unequaled.”

This one-of-a-kind competition will feature the participation of a total of 12 of the best EA Sports FIFA22 players, as well as four players from the region who have qualified by playing in online qualification games hosted by Ooredoo Nation – Gamers’ Land.

The grand prize pool for this competition is worth a total of fifty thousand dollars. The winner of first place will get $25,000, the winner of second place will receive $15,000, and the winners of third place and fourth place will each receive $5,000.

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Metaverse

Mercedes-Benz joins a new metaverse consortium

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The Aura blockchain consortium has welcomed Mercedes-Benz as a new member. The German group is the only automaker to join the global blockchain platform for the luxury industry. The platform was formed by industry heavyweights LVMH, Prada, Cartier, part of Richemont, and OTB Group. The German group is the fifth founder member of the network.

Aura Blockchain Consortium is currently comprised of five members, expanding the capabilities of the blockchain platform

The consortium was established in 2017, and it relies on blockchain technology because of the secure digital format it provides. This helps to assure transparency and traceability of products and the sources of those items, which in turn helps to increase customer trust.

With the arrival of the metaverse, the consortium has also intensified its activities in creating its technical roadmap to include a variety of non-fungible token (NFT) solutions. This is consistent with the consortium’s collaborative approach, which is “by luxury brands for luxury brands.”

“Mercedes-Benz comes to us from a sector of the luxury industry that is completely new to us, and we couldn’t be happier to have them as our fifth founding member. This is an actionable step toward our larger aim of welcoming all sub-industries of the luxury industry […] Through the significant opportunities that our solutions offer in relation to our activities related to upstream, downstream, and NFTs, we are confident that the Mercedes-Benz team will make a tremendous contribution to our association and to the development of an innovative and cutting-edge technology. This is something that we are certain of “Daniela Ott, who serves as the Secretary General of the Aura Blockchain Consortium, made this statement.

At a conference, Stefano Rosso, the leader of the BVX (Brave Virtual Xperience) cluster, which was formed by OTB to produce projects and content for the virtual world, also greeted the arrival of the guests.

“Mercedes-Benz is the first automobile manufacturer to sign on with us. They have a high level of technological expertise and will assist us in expanding our horizons within the consortium”, he explained.

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