Web3 news, May 13: Market rebound, Emirates metaverse plans, Ukraine’s NFTs

After the crazy week crypto markets have had (and Elon Musk’s sudden U-turn on Twitter acquisition), it’s good to read something, well, not so bad. And we definitely have something good to report.

Emirates airline explores NFTs, metaverse, crypto payments

Emirates airline is planning to enter the digital assets industry as it’s looking to transform its customer and team experience.

The COO of the airline Adel Ahmed Al-Redha said it is planning to accept Bitcoin as payments, launch NFTs and use metaverse to attract new customers. They said Emirates is in the process of hiring new employees to focus on these developments.

Al-Redha also shared that it is considering using blockchain to track aircraft records.

Ukraine’s Digital Transformation Ministry supports NFT collection depicting war 

Avatars for Ukraine, a charitable non-fungible (NFT) project, will be auctioned on May 19 at an NFT museum Meta History: Museum of War. The collection comprises 70 artworks depicting “the bravery of Ukrainians” during the ongoing Russian invasion of Ukraine. The proceedings of the auction will be used for humanitarian and defense causes in Ukraine.

Image: Avatars for Ukraine

The initiative has also been noticed by the country’s Digital Transformation Ministry and received support from its Vice Prime Minister.

Metaverse, NFT tokens bounce back after a week of losses

The past week crypto markets have seen one of the worst drops it has ever experienced, with Bitcoin going as low as $26,860 for the first time since 2020.

Tokens behind gaming, NFT and metaverse projects have been in the red this week but have been recovering over the past 24 hours. 

GMT, the token of “Web3 lifestyle app” STEPN, is leading the way with 49.17% gain over the past 24 hours and is trading at $1.54 at press time. Gala Games (GALA) is the second gainer today,  gaining 43.43%, to $0.09343. Decentraland (MANA), a metaverse gaming platform, has gone up by 42.61%, trading at $1.04 at the time of writing.

 

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