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Welcome to This Week in the Metaverse, where Fortune rounds up the most interesting news in the world of NFTs, culture, and virtual worlds. Email marco.quiroz-gutierrez@fortune.com with tips. Programming note: This roundup returns in January.
Apple may be caving to pressure from regulators in Europe, and that could be a good thing for NFTs. Bloomberg reported this week that the tech giant may open up its restrictive operating system, which allows it to take a 30% cut on all App Store sales, to external apps.
This planned functionality is reportedly being considered because of the European Union’s Digital Markets Act, which was passed this year. The move could be a boon for applications that include NFTs, as right now they’re only able to be downloaded through Apple’s proprietary store and subject to 30% fees.
While the Bloomberg report, citing people familiar with the matter, said the functionality will be introduced in Europe only at first, it could eventually migrate to other regions.
Speaking of Europe, a new report by online and telephone comparison service Uswitch found that the most metaverse-ready country is the Netherlands, partly because it has one of the highest median fixed broadband speeds, which could greatly aid interoperability.
The U.S. ranked 12th.
OneFootball, a soccer-focused app that fans have been using to follow the World Cup, released Footballer’s Journey, a collection of the stories of elite players like Vinícius Júnior of Brazil and Raphaël Varane of France from childhood to stardom in comic-style books. Each chapter of the books, which were released in partnership with NBA Top Shot maker Dapper Labs and Animoca Brands, will contain special NFTs.
OneFootball, a soccer-focused app that fans have been using to follow the World Cup, released Footballer’s Journey a collection of the stories of elite players like Vinícius Júnior of Brazil and Raphaël Varane of France from childhood to stardom in comic-style books. Each chapter of the books, which were released in partnership with NBA Top Shot Dapper Labs and Animoca Brands will contain special NFTs.
Web3 company OneOf released the Legends of Rock: Led Zeppelin digital collectibles series this week in partnership with eBay and Globe Entertainment & Media. The collection pairs rare, real-world physical memorabilia with digital certificates of authenticity.
The items include a unique collection of three photos taken by photographer Jay Thompson, capturing Robert Plant, Jimmy Page, John Bonham, and John Paul Jones during their famous 1969 photo shoot at Hollywood’s Chateau Marmont. Each purchase will include a vintage ticket from Led Zeppelin’s Chicago Stadium concert in 1980, which was canceled after the death of Bonham, the band’s drummer.
NFT marketplace Voice launched The Land of Milk & Honey NFT collection to celebrate nine Arab artists who work under a cloud of sociopolitical trauma. The artists, who hail from Palestine, Lebanon, Egypt, Libya, Saudi Arabia, and Algeria, are experts in subjects like architecture, technology, science, music, filmmaking, and BioArt, and are turning to NFTs to reach a broader audience. Each member of the collection will donate 10% of their proceeds to the United Nations Relief and Works Agency (UNRWA), which provides mental health services to Palestine refugee children.
Miami-headquartered Celebrity Cruises and virtual event company SURREAL Events launched the “Wonderverse,” the digital twin of Celebrity’s new Celebrity Beyond ship. In the metaverse version of the real-life cruise ship, potential customers can explore and “see before they sail.” Guests can also play games, and book Celebrity trips and experiences through the platform.
This story was originally featured on Fortune.com
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LISBON (Reuters) -The probability of the European Central Bank returning to 75 basis-point interest rate hikes is now "very low", ECB Governing Council member Mario Centeno said on Friday, warning of a risk of overreacting to high inflation with excessive tightening. The ECB eased the pace of its interest rate hikes on Thursday, increasing its key rate by 50 bp to 2%, but stressed significant tightening remained ahead. "Returning to the 75 bp rise is an event with very low probability…because there is a very obvious approximation to the neutral rate, because of the maturity that the monetary policy already has and the need to be cautious going forward," he told a news conference.
Poland's biggest fashion retailer LPP is not planning "significant" job cuts as it reduces costs, finance chief Przemyslaw Lutkiewicz told Reuters. "Despite the expected slowdown, we are not planning group layoffs or even significant job cuts," Lutkiewicz said in a statement e-mailed late on Thursday, adding that recent across-the-board cost increases had forced the company to focus on rationalising expenses in all areas of its operations. During a call with analysts on Thursday, Lutkiewicz noted that third quarter results had shown the retailer's operating expenses growing faster than sales, up 50% year on year and calling for cost saving measures.
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