May 24, Web3 news: Earvin ‘Magic’ Johnson, $37 million for metaverse app, 26 NFT trademarks

Earvin “Magic” Johnson to launch NFT collection 

Earvin “Magic” Johnson is joining the list of athletes and celebrities who entered the non-fungible (NFT) space. The basketball legend is releasing “The anthology: Magic Johnson” NFT collection on June 7 in partnership with NBA Top Shot. 

The collection will consist of 1,600 digital collectibles packs depicting the biggest moments of Johnson’s career, priced at $399 each. Flow-based NBA Top Shot explained that 1,200 of those packs will be available to the platform’s users who have a Top Shot score of minimum 150,000 points, while the other 400 packs are up for grabs to everyone else.

Sequoia Capital India leads $36.8 million round for metaverse gaming platform Bud

Singapore-based virtual platform for 3D interactive experiences Bud has raised $36.8 million in a Series B round.

The round was led by Sequoia Capital India and included investors like Northern Light Venture Capital, GGV Capital, ClearVue Partners, Qiming Venture Partners, Source Code Capital and NetEase, and brings the total investment to the platform to $60 million.

The platform, funded by two former engineers from Snap, lets its users create and share 3D interactive experiences.

Basketball star Kevin Durant and his VC firm file for NFT and metaverse trademark applications

One more basketball player has turned to the Web3 world. 

Kevin Durant, a basketball player for NBA’s Brooklyn Nets, has filed as many as 26 trademarks related to crypto and NFT, together with his venture capital company Thirty Five Ventures.

According to attorney Michael Kondoudis, the applications included “Thirty Five Ventures, Kevin Durant, Easy Money, Slim Reaper, The ETCS for NFTs and NFT-backed media, crypto collectibles and NFT and crypto marketplaces,” which indicates the star’s interest in expend his endeavors in the NFT and metaverse space.  

In other headlines

WeWork’s Adam Neumann Resurfaces in Crypto Carbon-Credit Startup – Bloomberg 

Mastercard exec is bullish on crypto, sees mass adoption ‘sooner rather than later’

– TechCrunch 

Bipartisan Crypto Bill to Hit Congress Within Weeks – Blockworks

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