SNEAK PEEK
- Dolce & Gabbana is being sued for allegedly delaying the delivery of NFTs, causing significant value loss.
- Yonsei University partners with LG Uplus to launch an exclusive metaverse for students replicating its Sinchon campus.
- Blockchain gaming investments surged to nearly $1 billion in April, showing renewed interest and growth in the sector.
In a recent development, Dolce & Gabbana, in collaboration with the Web3 platform UNXD, is embroiled in a class-action lawsuit. The lawsuit stems from allegations that the luxury fashion brand failed to deliver its NFT products on time. The plaintiff, Luke Brown, claims that the delay significantly diminished the value of his purchased NFTs. Brown bought DGFamily NFTs for $6,000, but due to the alleged delay of more than a week, the assets reportedly lost 97% of their value, leaving him with a loss of $5,800.
In other news, Yonsei University in South Korea has teamed up with telecom company LG Uplus to create a metaverse experience for its students. Named “Meta Yonsei,” this virtual world replicates the university’s Sinchon campus, including notable landmarks like the auditorium and library. While the metaverse is accessible to outsiders, certain features are restricted to verified students. This initiative is part of a broader trend toward integrating educational experiences with advanced digital environments.
The popular Japanese manga Captain Tsubasa has launched its NFT soccer game on the Oasys blockchain. Announced by Oasys on May 20, the game was initially revealed in 2022 and officially launched on January 12, 2023. The game includes a governance token, which was released on June 4, 2023. This venture marks a significant step in merging traditional entertainment with blockchain technology.
According to a report by DappRadar and the Blockchain Gaming Alliance, investments in blockchain gaming nearly reached $1 billion in April. This resurgence in interest marks the highest investment since January 2021, highlighting a growing enthusiasm for the sector. Alongside gaming, metaverse projects have also seen considerable growth, with NFT metaverse Mocaverse recording an $8.4 million trading volume.
YouTube investigator Stephen “Coffeezilla” Findeisen has accused AI company Rabbit of conducting an NFT scam. According to Findeisen, Rabbit raised funds for an NFT project that failed to deliver on its promises. He further alleged that Rabbit’s new AI product, Rabbit R1, is built on the remnants of the failed NFT project and exhibits similar overhyped characteristics. This revelation has stirred significant controversy, raising questions about the integrity of Rabbit’s operations.
