Blockchain
Fabriq Labs Partners with the Fashion Institute of Technology to Launch NFT Design Competition
Partnership supports the FIT Entrepreneurship Program’s first Web3/NFT Course Winning NFT Designs will be selected May 5, 2023
New York, New York–(Newsfile Corp. – April 11, 2023) – Fabriq Labs, a Web3 company based in the US, is sponsoring a groundbreaking University-wide Web3/NFT competition at the Fashion Institute of Technology (FIT) in New York City. The NFT design competition tasks students with developing an NFT project that showcases both their design talents and an understanding of the core tenets of Web3. The competition will run through May 5, 2023, with judging by a panel of Web3 industry experts. Three winners will be selected to receive cash prizes based on the quality of their design and the viability of their project plan. This collaboration offers a unique, experiential learning opportunity for FIT students.
Sam Whitaker, the founder of Fabriq Labs, chose to partner with FIT while supporting the University’s first Web3/NFT course with William Reinisch, associate chair, assistant professor, Entrepreneurship and Renee Leibler, adjunct assistant professor, Entrepreneurship. Professors Reinisch and Leibler teach Web3 and NFT courses and will serve as mentors to students in the competition.
“We hope to exhibit our core values of education and philanthropy to the FIT student body through this process,” said Whitaker, who will be speaking at the NFT.NYC conference this week. “Fabriq’s mission is to help realize the potential of Web3 and NFTs to positively impact society.”
Fabriq will be offering students the opportunity to showcase one NFT from each of their collections in the first Fabriq NFT Charity Auction following the contest. Proceeds from the auction will be donated directly to a collection of exceptional national charities including: St Jude Children’s Research Hospital (TN), Esperanza and Gene Spotlight (PA), and Love Never Fails (CA). Participating students will have the chance to select additional charitable recipients for the event.
All FIT students will then be invited to launch their NFT projects under the Fabriq brand in a first-of-its-kind exhibit.
“We would like to sincerely thank Professors Reinisch and Leibler along with the entire FIT administration for their energy, commitment and foresight to bring cutting edge opportunities like this to their student body,” said Whitaker, “NFTs were born in art and these students are some of the most talented emerging artists in the world. It is an honor to help launch their Web3 journey and all the wonderful possibilities that come along with it.”
Fabriq Labs invites members of the press and the Web3 community interested in participating or learning more about the contest and the Fabriq NFT Charity Auction to contact Sam Whitaker directly – [email protected] or via Twitter – @FabriqLabs. All requests for FIT should contact Ivana Cepeda, Media Relations Specialist – [email protected].
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This Week in Finance News: 11 Stories You Need to See
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help finance journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
- Prosperity or catastrophe: #Insurance2040 study reveals four possible futures for the industry
By 2040, technological innovation driven by customer centricity could pave the way to greater climate resilience and more personalized offerings by the insurance industry. Alternatively, insurance could become a luxury afforded only to the wealthiest few. - Cardinal Health announces two strategic additions to its portfolio
Cardinal Health will acquire a majority stake in GI Alliance (GIA), the country’s leading gastroenterology (GI) management services organization (MSO), from a combination of GIA physician owners and funds managed by affiliates of Apollo. Cardinal Health will also acquire the Advanced Diabetes Supply Group (ADSG), one of the country’s leading diabetic medical supplies providers, for approximately $1.1 billion in cash. - BlackRock Launches New BUIDL Share Classes Across Multiple Blockchains to Expand Access and Potential of BUIDL Ecosystem
This initiative represents the next step in the evolution of the tokenization market, by enabling BUIDL to be used within leading blockchain-based financial products and infrastructure across ecosystems. - Primo Brands Corporation Announces Successful Completion of Merger of Primo Water and BlueTriton Brands
“I believe Primo Brands is positioned to be a leader in the healthy hydration beverage category, thanks to the strength of its iconic, sustainably-sourced brands, its robust operations and extensive North American network, and its responsible operation of numerous springs across the country,” said Dean Metropoulos, Non-Executive Chairman of the Board of Directors of Primo Brands. - Jackson Hewitt Tax Services Expands Workforce, Offering Job Opportunities Nationwide for Upcoming Tax Filing Season
The week-long event will launch the combined hiring of 18,000 employees to prepare for the upcoming tax filing season. The Jackson Hewitt hiring events are open to the public and include on-site interviews. Qualified candidates could receive a job offer immediately. - PNC Bank to Double Planned Branch Openings to More Than 200 Across Six States This announcement brings the bank’s total investment to approximately $1.5 billion to open more than 200 new branch locations in 12 cities across the U.S. over the next five years, while completing the renovations of 1,400 existing branches during the same time period.
- Alchemy Pay Expands Virtual Card Functionality with Google Pay Support The new card BINs added will significantly enhance the capabilities of crypto cards, expanding their support for a broader range of payment scenarios and improving transaction success rates. This advancement is particularly impactful when paired with Google Pay, one of the most popular and widely used digital payment platforms, trusted by millions for its convenience and security.
- Finaya Unveils Nationwide Homeownership Platform
From providing rich and current information about home values and property conditions, to finding helpful repair and remodeling providers, to shopping for and securing the right insurance, the platform simplifies the homeownership process, making it more accessible, convenient and efficient. - GenAI predicted to inspire revenue growth in 76% of businesses, but only 4% qualify as “leaders” in AI and analytics
Kearney’s report confirms that businesses are not only aware of how big data, AI, and analytics will impact revenue generation and enhance business strategies, but they are investing to stay ahead of the curve, too. - GameAbove Sports Acquires Meaningful Ownership Stake in Brisbane Bullets with NBA Legend George Gervin as Part of Ownership Team
This move marks a significant milestone for GameAbove Sports, a CapStone Holdings Inc. company, as it expands its influence on international basketball ahead of the Brisbane 2032 Olympics. - Most US shoppers are encountering generative AI while shopping without realizing it
A survey of 700 online shoppers in the US shows 71% are unaware of having used generative AI while shopping online even though most had recently shopped at retailers currently using it. 41% of customers say they would feel comfortable using a generative AI tool from a brand they trust.
For more news like this, check out all of the latest finance-related releases from PR Newswire.
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