Weekly Highlights | July 04/07/22
KPMG Enters the Metaverse With $30M in Web 3.0 Staff Training
In the world of accounting firms, KPMG is as big as they come. It is one of the biggest across the U.S. and Canada. The company recently announced it is opening its first metaverse collaboration hub to help its clients and staff grow in the digital era. KPMG is setting aside a sum of $30M as an investment into the Web 3.0 space and portraying its metaverse hub as the icing on the cake.
The company’s long-term goal is to explore other potential use cases in the metaverse, such as financial services, retail, health care, media, and consumer services.
Binance Partners TikTok Star Khaby Lame to Drive Web 3.0 Adoption
We could have an explosive collaboration on our hands with the partnership between TikTok's most-followed star Khaby Lame and the biggest centralized crypto exchange Binance. The social media influencer will serve as Binance's global brand ambassador and help debunk myths around blockchain technology and cryptocurrencies. Additionally, this move will increase awareness about Web 3.0.
Khaby Lame will use his signature move on TikTok to try to diffuse misconceptions relating to Web 3.0. Aside from that, Lame will collaborate with Binance to create digital assets’ collections that help improve fan engagement.
Layer Three Ventures Announces $30M Web 3.0 Crypto Fund and Accelerator
Layer Three Ventures is a newly founded ethical and sustainable Web 3.0 accelerator and investment fund firm. The company has set a target of $30M for its first round of funding dedicated to supporting, sourcing, funding, and launching the next successful set of Web 3.0 startups.
The funding will follow two 12-week accelerator programs, staff support, and providing funds for 10 startups per unit. Startups will be able to access $100 thousand in resources, link up with mentors and expert advisors, and much more. Once everything is finalized, the first accelerator unit could be done by the end of December 2022.
Napster Outlines New Web 3.0 Music Ecosystem
Music streaming services could soon be neck-deep in Web 3.0. Napster Music Inc. is one of the music streaming services with plans for Web 3.0. The company has highlighted its strategies for applying Web 3.0 to its current business structure and millions of users. Its goal is to improve the interaction between rights holders, music makers, and fans.
The company will create a new unit called Napster Innovation Foundation, and there are already plans to create a token based on the Algorand blockchain called the NAPSTER token. According to the Interim CEO of Napster, Emmy Lovell, those that make music, the listeners, as well as the people that own its IP, are all heavily dependent on technology already. Therefore, the introduction of Web 3.0 only presents an opportunity to extend, deepen and bring improvement to the music ecosystem.
As we conclude this week's key highlights, don’t forget to join us next week for another interesting snapshot of the happenings in the Web 3.0 ecosystem.