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Warner Bros. invests in Meta Fashion Group

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Warner Music Group and DressX, a digital fashion marketplace, have joined forces to offer it Web 3 Fans and audiophiles with virtual goods, or “verch,” as they like to call it. A set of 3D avatars with varying levels of privacy will be created as a result of the new collaboration.

Warner Music Company chief digital officer Oana Ruxandra explained why the decision to create digital clothing puts both artists and fans first, given that the transition from password and username registrations to digital identification in Web3 is already in the works.

Ms. Ruxandra believes that “portraying our new digital identities will be just as important – if not more so – than how we portray ourselves physically judging by the sheer volume of interactions.” In fact, the most popular social networking sites, including Facebook and Instagram, are compatible with 3D wearable avatars.

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WMG enters the Web3 space

The music giant has made great partnerships so far this year. Warner Brothers originally teamed up with sand (SAND), a well-known blockchain-based game, to develop their initial music experience. With endless opportunities for interaction between fans and performers, it’s like a combination of a concert venue and an amusement park for music.

Secondly, through cooperation with OpenSea, the largest NFT marketIn order to develop pages dedicated to recording artists on the leading NFT platform, the major record label has reaffirmed its dedication to Web3.

Third, Warner Music Group (WMG) has created an area dedicated to NFT and Web3 projects. The NFT Record Pass is for cryptocurrency fans looking for unique material from their favorite musicians. An NFT Record Pass may, in certain circumstances, grant ownership of music as well as act as a pass to in-person exclusive events such as meet-and-greets.

Web3 payment

Music, as well as entertainment giants, have teamed up with The Sandbox of Animoca Brands to offer a music-themed virtual environment in January this year. Warner Music Group’s initial foray into the Web3 market included the acquisition of the “Estate”.

To set the scene, it was stated that “ESTATE” would serve as a channel for Warner’s artists to appear on Metaverse. It is a cross between a musical theme park as well as a performance venue.

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A month later, Warner, a record company, entered the blockchain game market by teaming up with Splinterlands, a developer. The goal of the agreement was to create mobile-friendly and accessible games by shifting towards arcade-style games to promote community development more effectively than traditional play-through (P2E) games.

The scope of digital fashion for musicians and celebrities

In addition to working with and investing in online clothing store DRESSX, Warner Music Group has selected WMG artists who will have a platform to create their virtual clothing collections thanks to this pioneering relationship.

Game

The agreement states that the artists will work closely with DRESSX to create and deliver 3D and AR virtual clothing for fans to grab and enjoy on Instagram and Snapchat, as well as other platforms. The agreement will give fans more ways to show their support for musicians while also opening up new ways for artists to make money.

Oana Ruxandra, Chief Digital Officer and Executive Vice President of Business Development at Warner Music Group confirms.

She continued that building such Web3-based collaborations will be a huge focus for the company going forward. According to Daria Shapovalova as well as Natalia Modynova, co-founders of DRESSX, the singers’ items “will certainly be the cornerstone of fans’ virtual wardrobes”, just as they are in real life.

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They claim that “Digital fashion is a pictorial way to communicate and form connections online”. All this proves that the virtual world is a continuation of the physical world. Celebrity fashion collaborations in real life are a hit industry. Harry Styles with Gucci, Billie Eilish with Nike, Bad Bunny with Adidas, as well as Tyler the Creator with Converse are some recent notable collaborations.

The Metaverse might just be the next big thing

But the scale is already starting to shift towards Metaverse this year. Former Topshop collaborator and supermodel Kate Moss has teamed up with jewelry company Messika to appear as a special avatar in Lucy Yeomans’ interactive style game Drest.

mntg

Plus, the first renderings of the new web-based menswear brand MNTGE 3 were published this week. The label will collaborate with artists to create digital overlays, or INKS, to be applied to virtual versions of vintage clothing. It was co-founded by Adidas partner Sean Wotherspoon, music pioneer Nick Adler and branding expert Brennan Russo.

Shapovalova and Mudnova agree, saying: “It is good to see that an increasing number of stakeholders have confidence in this new sector which is already radically changing the fashion business.”

Since DRESSX launched in 2020, over 3,000 digital products are now available, making it the largest marketplace for digital-only fashion. Along with a slew of other companies, DRESSX has partnered with Coca-Cola, Google, Snapchat, Roblox, Meta, and Farfetch.

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conclusion

Warner Music Group, an American conglomerate of record labels and the entertainment industry, recently partnered with DressX, a digital clothing retailer, and invested in the company. According to the deal, DressX artists and Warner Recording will work together to develop and release virtual 3D plus augmented reality outfits that fans can access and collect on a variety of social media platforms, including Instagram, Snapchat, and other platform partners.

DressX teamed up with Meta (formerly Facebook) earlier this summer and began selling clothing in Mark Zuckerberg’s Avatar Store. It was the first time that a digitally born fashion brand had the opportunity to attend an event hosted by the social media mogul among prestigious luxury brands such as Prada, Balenciaga and Thom Browne.

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BNT/USD is trading near the $0.50 resistance

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The Bancor price prediction shows that BNT is crossing the 9-day and 21-day moving averages while the coin is taking off to the upside.

Bancor Prediction Statistics Data:

  • Bancor price now – $0.34
  • Bancor’s market capitalization is $55.8 million
  • The circulating supply of Bancor – 162.5 million
  • The total supply of Bancor – 162.5 million
  • Bancor Coinmarketcap Ranking – #287

BNT/USD market

Key levels:

Resistance levels: $300, $310, $320

Support levels: $130, $120, $110

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BNTUSD – daily chart

BNT / USD It is currently trading at $0.345 after touching a daily high of $0.490, and is likely to return above the 9-day and 21-day moving averages. However, in case the buyers can push the price above the $0.50 resistance level, then the daily candlestick may close above this level, and the price may rise towards the upper boundary of the channel.

Bancor Price Prediction: Bancor is preparing for an upward movement

According to the daily chart, the Bancor price It is moving near the $0.40 resistance level as the coin is preparing for additional gains. The technical indicator’s RSI (14) is also moving to cross above the 50 level, where the signal line is pointing up to signal a buy signal.

However, if buyers are able to push the price and hold it above the 9-day and 21-day moving averages, Bancor price could rise towards the upper boundary of the channel to reach the potential resistance levels at $0.50, $0.55, and $0.60. While crossing below the lower border of the channel, it could lift the currency to the support levels at $0.25, $0.20, and $0.15, respectively.

Against Bitcoin, Bancor is following a bullish rally, and it could swing higher to cross above the upper boundary of the channel that could identify the resistance at 2400 SAT and above. On the other hand, if the market price crosses the lower boundary of the channel, it may reach the support level of 1800 SAT and below.

BNTBTC – Daily Chart

However, the technical indicator’s RSI (14) is currently moving to cross above the 50 level as the signal line is pointing north to confirm the upward move. Moreover, any further upward movement may create additional gains above the channel.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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DYDX/USD could rise above $1.20

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Since the coin starts the upward movement towards the upside, the dYdX price forecast is likely to move steadily inside the channel.

dYdX prediction stats data:

  • DYDX price now – $1.10
  • DYDX market capitalization – $72.7 million
  • Circulating supply of DYDX – 65.5 million
  • Total supply of DYDX – 1 billion
  • DYDX Coinmarketcap Rank – #198

DYDX/USD Market

Key levels:

Resistance levels: $2.00, $2.20, $2.40

Support levels: $0.50, $0.30, $0.10

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DYDXUSD – daily chart

DYDX/USD is likely to cross above the 9-day and 21-day moving averages as the currency begins its upward movement. in the past few days, dYdX price Struggles to cross over to the positive side. According to the daily chart, the RSI (14) technical indicator moved to cross above the 40 level, confirming the bullish movement of the currency.

dYdX Price Prediction: DYDX is ready for an uptrend

the dYdX price It is currently moving north. If the currency continues its upward movement, the bulls may cross above the 9-day and 21-day moving averages, which could reach the resistance levels at $2.00, $2.20, and $2.40. At the time of writing, DYDX/USD is showing a slight bullish movement on the daily chart.

Conversely, if the coin slips below the lower boundary of the channel, it may bring the coin back to the $0.50, $0.30, and $0.10 support levels, respectively. Meanwhile, long-term buyers should not be alarmed by the small impact down the road, as the future of DYDX is assured as evidenced by the technical indicator’s RSI (14).

Against Bitcoin, dYdX price is hovering below its 9-day and 21-day moving averages as the coin is poised for an upward move. The technical indicator’s RSI (14) also confirms the upward movement as the signal line encounters the 40 level. On the contrary, a potential downside move could emerge if the market price crosses below the lower boundary of the channel, which could reach the support level 200 SAT and below.

DYDXBTC – Daily Chart

Meanwhile, any further bullish move above the moving averages could push the coin to the 1200 SAT resistance level and above, and this could take the coin to a new high, and the market could remain in the bullish zone.

But, Dash 2 Trading It gives you the ability to improve your trading and scalping profits with effective crypto trading recommendations, automated trading, and analytics features. There is a D2T token pre-sale going on and time is running out. The launch of the pre-sale dashboard is coming soon as the product developer is ahead of schedule. To date, the prequel has raised nearly $12 million.

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SBF to Enter Plea Deal, Mango Exploiter Arrested, Celsius News: Hodler’s Digest, Dec. 25-31

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