Today in crypto: the podium meets the metaverse

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In today’s major crypto news, the Metaverse was in the spotlight as the Kudo Money Metaverse Identity Issuance Protocol Raised Millions to Bring On-Chain Identity to Cryptocurrency traditional.

Elsewhere in the Metaverse, the luxury crypto market UNXD is having a (sort) live fashion show, complete with an after-party – and while he’s not yet a part of the Metaverse, Blockbuster could return from among them. deaths in the form of crowdfunding. decentralized autonomous organization (DAO).

Kudo wants to bring on-chain id to Crypto

Kudo Money has raised $ 5 million to further develop a Web 3.0 product ecosystem for consumer crypto adoption and reinvent on-chain identity. Having been backed by more than 60 venture capital firms and crypto communities, Kudo, a decentralized scoring protocol, hopes to expand the use of Unomi passports to fuel on-chain identity.

To encourage positive chain behavior, Kudo’s system allows users to earn rewards for good chain behavior, based on their chain scores.

Luxury meets the decentralized metaverse on the catwalk

Blockchain-based metaverse Decentraland is teaming up with luxury crypto market UNXD for a Metaverse Fashion Week. Participant avatars can purchase virtual clothing and accessories in window displays and pop-up shops from March 24-27.

It’s probably the first metaverse fashion show, but tailoring is no stranger to virtual worlds. Balenciaga and Gucci have sold virtual creations, while Nike offers avatar owners the ability to design their own sneakers.

BlockbusterDAO seeks to fund Netflix for the Web3

A group of Blockbuster fans got together and formed a crypto crowdfunding mechanism called DAO, which raised $ 40 million. The group is now looking to raise an additional $ 5 million to buy the Blockbuster video rental brand and turn it into a crowd-run streaming movie rental service.

BlockbusterDAO said on Twitter that its “mission is to liberate Blockbuster and form a DAO to collectively rule the brand as we transform Blockbuster into the first-ever DeFilm streaming platform and a mainstay of Web3 brands and products.”

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NEW PYMNTS DATA: AUTHENTICATION OF IDENTITIES IN THE DIGITAL ECONOMY – DECEMBER 2021

About: More than half of American consumers believe that biometric authentication methods are faster, more convenient and more reliable than passwords or PIN codes; so why less than 10% use them? PYMNTS, working with Mitek, surveyed over 2,200 consumers to better define this perception gap in usage and identify ways in which businesses can increase usage.

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