ix Capital to invest 562 million euros in Web3 creative startups

June 29: Felix Capital, a London-based venture capital firm for the creative class, said it would invest 562 million euros to back Web3 startups.

The investments would include fashion businesses who are operating in the Metaverse, with 20-25 companies across Europe and selectively in North America, expected to receive funding.

Current investments include Farfetch, Unmade and Goop, as well as smaller companies like Mejuri, a jewellery business, and LA fashion brand Anine Bing. Felix' funding aims to support entrepreneurs with big ideas to help them build strong brands that stand out and move the world forward.

Felix’s founder and managing partner Frederic Court said in a statement: “We have built a portfolio in line with that strategy, backing emerging and culturally relevant consumer brands, as well as related enabling technologies that support them. We are proud of the growing community of founders who have trusted us, as we expanded our thematic lens across the transformation of the key segments of our personal and professional lives.”

Felix Capital focuses on digital commerce, creative culture and connected life. They typically invest 1 million to 10 million dollars in early stage fundraising fundraising rounds and up to 50 million dollars in growth phases.

#thecommunique #tc #tcn #metaverse #blockchain #nft

Metaverse Fashion Council - DAO MFC

Engagement of fashion and venture capital is a mission of DAO Metaverse Fashion Council.

In the near future of Metaverse Fashion, we will see a generation of new heroes, brands, projects, and services. The source of innovative projects isn't an old fashion system but people themselves, as it has already happened with decentralized finance and old banks.

Swati Bhat

Decentralized Autonomous Organization Metaverse Fashion Council (DAO MFC) will have its own Land in Metaverse to organize public events, and educational programs and build fashionable environments for open metaverse fashion networks.

Fashion pieces in the form of NFTs should become useful and valuable in Metaverse, that is 3D immersive NFTs with WEB3 smart contract to start real life in Metaverse and not just on 2D screens of old-fashioned systems. In absolute transparency of blockchain, the wardrobes are vaults and showcases of value.

10 Keys to Metaverse Fashion

1. There is only one decentralized metaverse, as there is only one fashion. All different platforms of the Metaverse should be interconnected. Platforms change, only style and fashion remain the same across all of them.

2. Fashion plays a supreme role in exploring the Metaverse since it is the most powerful way to represent personality.

3. Venture investment is a key to Metaverse Fashion. The old fashion system never met VC in its history. Designers and other creative entrepreneurs in Metaverse become startups.

4. The community owns the Metaverse. People should directly own and control their names, avatars, land, animations, and looks by Web3. So it is the community that decides with policies, standards, and rules of the Metaverse Fashion.

5. The community owns the money in the Metaverse. In Metaverse, fashion brands and creators will mint their own currencies. Visual cash is back in Metaverse Fashion in the form of specifically programmed DeFi NFTs.

6. Fashion pieces in the form of NFTs should become useful and valuable in Metaverse, that is 3D immersive NFTs with WEB3 smart contract to start real life in Metaverse.

7. In the near future Metaverse Fashion, we will see a generation of new heroes, brands, projects, and services. The source of innovative projects is people themselves.

8. Knowledge of community is powerful. Research and Development + educational programs should be one of the tasks of the Metaverse Fashion Council executive board.

9. Metaverse Fashion News is needed to provide not just reliable information. News publications should also belong to the community and be ruled by DAO, not by corporations.

10. Decentralized Autonomous Organization Metaverse Fashion Council will have its own Land in Metaverse to organize public events, and educational programs and build fashionable environments for open metaverse fashion networks.

#thecommunique #tc #tcn #fashion #metaverse #designer

eBay snaps up NFT marketplace KnownOrigin

June 27: US e-commerce giant eBay has bought non-fungible token (NFT) marketplace KnownOrigin for an undisclosed sum.

Pritish Bagdi

Pic Courtesy: eBay press room

Founded in Manchester in 2018, KnownOrigin’s technology and platform enables artists and collectors to create, buy and resell NFTs via blockchain-support transactions.

eBay said the acquisition of KnownOrigin is an “important step” in its “tech-led reimagination, ushering in a new era of digital collecting to the world's top destination for collectibles”.

NFTs are ‘one-of-a-kind’ digital assets - such as art, pictures, videos, or even memes - that can be bought and sold online.

The highly speculative digital assets exploded in popularity during the pandemic, with a flurry of fashion companies launching their own collections as they looked to capitalise on the popular but nascent NFT space.

In December 2021, sportswear giant Nike snapped up RTFKT, a virtual sneaker and fashion start-up that makes wearable NFTs for the digital world.

Commenting on the acquisition of KnownOrigin, eBay CEO Jamie Iannone said: “eBay is the first stop for people across the globe who are searching for that perfect, hard-to-find, or unique addition to their collection and, with this acquisition, we will remain a leading site as our community is increasingly adding digital collectibles.”

The move comes after eBay began allowing the buying and selling of NFTs in May 2021.

Iannone continued: “KnownOrigin has built up an impressive, passionate and loyal group of artists and collectors making them a perfect addition to our community of sellers and buyers. We look forward to welcoming these innovators as they join the eBay community.”

#thecommunique #tc #tcn #nft #ebay #metaverse #metatainment