Reddit Onboards 3 Million Crypto Wallets 🚀

Just with a stroke of genius, Reddit has on-boarded over 3 million crypto wallets with its NFT program. In July, Reddit jumped on the NFT train, launching an NFT-based marketplace that allows users to purchase blockchain-based profile pictures for a fixed rate.

Earlier this week during a panel at TechCrunch Disrupt, Reddit chief product officer Pali Bhat revealed that over three million Redditors have used Reddit’s Vault blockchain wallet to create over three million crypto wallets to date. Most of those — 2.5 million — were created to purchase NFT avatars that can be used as profile pics on the platform, he said.

So, dear anon, did you also think that NFTs are dead?

This week in Web3 Wednesday:

• The largest Brazilian digital bank Nubank plans to launch its own token built on Polygon
  
• INTERPOL has entered the Metaverse 👾
  
• 137-Year-old brand Bicycle is making Bored Ape NFT playing cards
  
• Tether USD₮ will be available in over 24,000 ATMs across🇧🇷 Brazil starting Nov 3rd
  
• Warner Bros debuts 10,999 Lord of the Rings NFTs as part of web3 movie push

The largest Brazilian digital bank Nubank plans to launch its own token built on Polygon

Nubank, the largest Brazilian digital bank by market value, plans to release its own token next year in Brazil, Colombia, and Mexico, the company announced last Wednesday.

The token – called nucoin and built on Polygon – will be available for Nubank’s 70 million users in the first half of 2023, the company said in a statement, adding that it will be distributed freely and used to offer discounts and perks.

INTERPOL has entered the Metaverse 👾

At a surprise session of the 90th INTERPOL General Assembly in New Delhi, the global police organization unveiled the first-ever Metaverse specifically designed for law enforcement worldwide.

Fully operational, the INTERPOL Metaverse allows registered users to tour a virtual facsimile of the INTERPOL General Secretariat headquarters in Lyon, France without any geographical or physical boundaries, interact with other officers via their avatars, and even take immersive training courses in forensic investigation and other policing capabilities.

137-Year-old brand Bicycle is making Bored Ape NFT playing cards

The well-known 137-year-old playing card brand Bicycle has bought a Bored Ape Yacht Club NFT for nearly $187,000. The brand will sell decks of playing cards based on the Ape and may create further decks in collaboration with Bored Ape owners.

“It's communities like the Bored Ape Yacht Club that are shaping the future of the internet and the future of Web3,” Cartamundi Global VP of Brand Commercialization Masha Ievseieva told Decrypt. “The holders that are part of the community, they are pioneering and are the most innovative in the space.”

Tether USD₮ will be available in over 24,000 ATMs across🇧🇷 Brazil starting Nov 3rd

Tether Operations Limited (“Tether”), the company operating the blockchain-enabled platform tether.to that powers the largest stablecoin by market capitalization of over US$68 billion, has announced that SmartPay plans to launch tether tokens (“USD₮”) in over 24,000 ATMs across Brazil.

According to a study from the Instituto Locomotiva, carried out in January 2021, Brazil still has 34 million unbanked adults – that is, people who do not have a bank account or do not use it frequently. Smartpay’s integration of USD₮ into its product will provide millions of people with the opportunity and access to the digital currency ecosystem and new financial revolution.

Who said it was a bear market?

Warner Bros debuts 10,999 Lord of the Rings NFTs as part of web3 movie push

The U.S.-based film and entertainment studio Warner Bros has debuted the fantasy classic The Lord of the Rings: The Fellowship of the Ring as a series of collectible NFTs.

The NFT drop, launched on Oct. 21, 2022, is part of a new web3 movie initiative called “Warner Bros Movieverse.” The drop marks Warner Bros as one of the first major media conglomerates to drop digital collectibles from its popular films.

Users can pick from two options for The Lord of the Rings NFTs. There’s the “Mystery Edition” in which the user randomly mints a common, uncommon, or rare NFT respectively based on The Shire, Rivendell, and Mines of Moria locations in the film.