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Why Nonprofits Should Pay Attention to Web3 and the Metaverse

Nonprofit Tech for Good

Far too many times in history we see nonprofits struggling to keep up with the latest technologies due to limited resources and limited funds – but not with Web3! Benefits of Web3 for Nonprofits: Security for donor PII and funds. Transparency to keep donors updated on how funds are used. What is the Metaverse?

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Twitter invests in avatar startup Facemoji

TechCrunch

Avatar startups have come and gone over the past few years, but the future that many of the entrepreneurs behind them originally imagined has proven more or less accurate. Facemoji is building a plug-and-play tech platform to help game and app developers put avatar systems into their apps with the startup’s SDK.

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Ready Player Me, a platform to build dynamic cross-game avatars for virtual worlds, raises $56M led by a16z

TechCrunch

His quick response promising better avatars for the actual launch speaks to just how much appearances do matter in these situations. “Our bigger vision is to connect the metaverse through avatars,” said Timmu Toke, co-founder and CEO, Ready Player Me, in an interview. It can also work off 3D images.

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Neosapience gets $21.5M to use AI-powered synthetic avatars for creators 

TechCrunch

The new funding, which brings its total funding raised to almost $26.7 The latest round of funding will allow us to expand our reach and push the boundaries even further. Last month, it added an AI-powered video (avatar) feature that looks like a real person. Today, Neosapience announced it has raised $21.5

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Nike just bought a virtual shoe company that makes NFTs and sneakers ‘for the metaverse’

The Verge

RTFKT made these A16Z sneakers to celebrate a round of venture capital funding | Image: RTFKT. RTFKT claims that in February, a collaboration with teenage artist FEWOCiOUS to sell real sneakers paired with virtual ones managed to sell some 600 pairs/NFTs in just six minutes , netting over $3.1 million at the time.

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Virtual social network IMVU raises $35M from China’s NetEase and others

TechCrunch

NetEase, the second-largest gaming company in China (behind Tencent), is among a group of investors who just backed IMVU, an avatar-focused social network operating out of California. The fresh investment will be used to fund IMVU’s product development and comes fresh off a restructuring at the company.

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CommonGround raises $25M for immersive video avatar technology that doesn’t rely on VR gear

TechCrunch

Today, a startup in that bigger ecosystem, which believes it can fix one aspect of how this works — how we ourselves appear — is announcing some funding along with a beta of its live avatar software that has been years in the making. For now, you can share the avatars with friends and put them into a dancing animation.).

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