In Today’s Edition:

Super Bowl MVP Patrick Mahomes launches Museum, his own NFT platform. Crypto market witnesses significant inflows as institutional investors show renewed interest. AI metaverse startup Futureverse secures $54 million in funding. Tractable raises $65 million for AI-powered insurance claim appraisals.

Stay informed with today's top metaverse tech stories and gain access to over 15 quick bytes, research papers, tools, guides, and resources to help you navigate the metaverse.

👇 Must-reads

1. Coinbase Staking Pause in Four States Illustrates Regulatory Risk: Coinbase's suspension of staking in four states due to legal proceedings illustrates the regulatory risk around the company's stock. The move could open the door to scrutiny over Coinbase's Earn product, according to Berenberg Capital Markets. (The Block)

2. Internet Computer Will Be a Key Alternative to AWS-Like Services: Dfinity's Internet Computer blockchain is being touted as a key alternative to centralized systems like Amazon Web Services. The protocol allows independent data centers worldwide to offer a decentralized alternative to the current centralized internet cloud providers. (Cointelegraph)

3. Crypto Products See Largest Consecutive Inflows Since 2021: The crypto market has seen its largest consecutive inflows since 2021, with $141 million entering the market in the past week. This surge is primarily driven by institutional investors, who are showing renewed interest in Bitcoin and other cryptocurrencies. (Decrypt)

4. Super Bowl MVP Patrick Mahomes Launches Own NFT Platform: Super Bowl MVP Patrick Mahomes has launched his own NFT platform, Museum, which aims to provide a space for athletes and artists to create and sell digital collectibles. The platform will also feature a social component, allowing users to display their NFTs and interact with others. (Decrypt)

5. Chainlink Launches Cross-Chain Interoperability Protocol But Bridge Hacks Remain a Threat: Chainlink has launched its Cross-Chain Interoperability Protocol (CCIP), now live on mainnet. The protocol aims to create a truly interoperable Web3 ecosystem, allowing data and value to move seamlessly between chains. However, security remains a challenge for cross-chain bridges, which have seen billions of dollars lost in recent hacks. (BeInCrypto)

6. Can AI Help Accelerate Metaverse?: AI, particularly Generative AI, is being seen as a potential accelerator for the development of the Metaverse. While some companies have begun to move away from their Metaverse projects, others are integrating AI into different aspects of their organizations, seeing revolutionary results. (Entrepreneur)

🦄 Startups & Venture Capital

1. AI Metaverse Startup Futureverse Raises $54 Million: Futureverse, an AI metaverse startup, has raised $54 million in a funding round led by Sequoia Capital. The company aims to create a metaverse that combines AI, blockchain, and virtual reality technologies to provide a more immersive and interactive online experience. (Bloomberg)

2. Tractable Snaps Up $65M for Car and Property Damage Appraisals Using AI: AI startup Tractable has raised $65 million in a funding round led by SoftBank. The company uses AI to appraise car and property damage, speeding up the insurance claim process. The new funding will be used to expand its operations and develop new products. (TechCrunch)

3. Bureau Raises $16.5M in Series A and Acquires inVOID: Identity verification platform for businesses, Bureau, has added $4.5 million to its Series A, bringing the total to $16.5 million. The funding was raised from GMO Venture Partners and GMO Payment Gateway, among others. In addition to the funding, Bureau announced the acquisition of inVOID, a Y Combinator-backed identity verification startup, and entered a strategic partnership with GMO Payment Gateway. The new funding will be used for investments in data and AI capabilities and to expand its current coverage in 20 markets to over 100 markets globally. (TechCrunch)

4. Rice Robotics Picks Up $7M, Powers SoftBank's Office Delivery: Hong Kong-based Rice Robotics has raised $7 million in pre-Series A funding for its delivery robots, which have been delivering 7-Eleven products to SoftBank staff at the company's new headquarters in Tokyo since January 2021. The funding will allow Rice to expand further into Japan, which is now the company's biggest source of revenue. (TechCrunch)

✨ Quick Bytes

• AI Johnny Cash sings "Barbie Girl"

• AI generated videos that demonstrate how AI could eventually disrupt Hollywood.

• Snapchat and Warner team up to create AR filters for the Barbie movie

• Watch: Claud memory and throughput greatly outpaces ChatGPT.

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