NFT Market Update - 14th July, 2022

Disney announced their 2022 Accelerator Program and selected Polygon as one of the six participants. The program targets augmented reality, NFTs, and virtual reality.

Animoca Brands raised their second tranche of $75 million for its $360 million January funding round, raising its valuation to $5.9 billion. Previously, the company invested in OpenSea, Axie Infinity, and Dapper Labs.

After a similar ruling in New York, British High Court has allowed legal documents to be served via NFTs allowing legal proceedings against anonymous persons through their wallet addresses.

Magic Eden launched a Web3 gaming investment arm ‘Magic Ventures’. The fund will focus on strategic investments that fit into the eco-system rather than seeking a returns-based investment strategy.