This week’s newsletter highlights Yahoo’s plans to get involved in nonfungible tokens (NFTs) and metaverse-based projects. Also, watch manufacturer TAG Heuer is dipping its toes into NFTs, and digital collectible platforms in China have increased in number despite warnings from the government.

On a positive note, a CryptoPunk that was donated to Aid For Ukraine sold for more than $100,000. And don’t forget about this week’s Nifty News roundup featuring the new brand lead for CryptoPunks and a phishing attack on a Solana-based project.

Online media company Yahoo recently announced its plans to get involved with a series of NFT and metaverse projects in Hong Kong. This includes hosting virtual events and concerts in metaverses within the Asian country.

According to Lorraine Cheung, an executive at Yahoo Hong Kong, activities in the Metaverse are seen by Hong Kong residents as a good alternative to social interaction, as pandemic restrictions are still enforced very strictly and people are required to present a negative COVID-19 test before entering bars or restaurants.

Yahoo will also collaborate with local artists to launch an NFT exhibition titled The Abyss of Kwun Tong.

Continue reading…

TAG Heuer, a luxury watch manufacturer, has formed partnerships with key NFT community members to create a smartwatch that can display NFTs. The watch will allow users to connect with crypto wallets such as MetaMask and Ledger Live to select which NFTs to display on the smartwatch’s screen.

Watch owners will also be able to resize the images accordingly to fit the display and connect to the blockchain to verify NFT ownership and show a hexagonal version of artworks. The company also said that in addition to supporting images, it will also