Blockchain
SPIN.FASHION joins peaq to turn 1M+ art and luxury items into next-gen phygital NFTs with smart ID tags
peaq, the layer-1 blockchain for DePIN and Machine RWAs, announces the expansion of its ecosystem as SPIN.FASHION joins to bring luxury on Web3 rails, DePIN-style. EU-compliant and serving companies like Kering, Vogue, Galeries Lafayette, and H&M, SPIN.FASHION is building an industry-leading smart-products operating system platform for minting, connecting, and selling next-generation phygital NFTs. It tokenizes real-world art and luxury objects to turn them into on-chain RWAs with 3D digital twins for immersive extended reality (XR) experiences. SPIN.FASHION offers the only end-to-end software and hardware solutions, including proprietary smart radio-frequency identification (RFID) tags enabling companies to build digital environments and interact with customers in novel ways, providing immersive product and brand experiences. The tags also enable supply-chain traceability for a tangible proof of the object’s authenticity and provenance, connecting the physical world and on-chain data through an IoT network. It will also leverage peaq to power a circular economy model at scale, aimed at making the art and luxury industry more sustainable.
From Starbucks to Nike, countless brands have flirted with NFTs, but the technology’s highest potential is undoubtedly in the art and luxury market, where authenticity is the name of the game. Working as immutable, uncensorable proofs of provenance and authenticity, NFTs grant collectors and connoisseurs the confidence that the objects of their desire — a luxury watch, a high-end car, or a coveted art piece — are no counterfeits, but valuable works of high craftsmanship. As the luxury world treads into a phygital reality, they can play an even bigger role for the industry, enabling a variety of immersive 3D experiences and interactions with the gaming industry.
SPIN.FASHION is the leading platform for minting, connecting, selling and purchasing art, luxury, and culture objects on-chain. As part of Project Horizon, an EU funding program for circularity projects, SPIN.FASHION is co-creating the framework for fully-compliant NFT-based Digital Product Passports, which will be mandatory for all textile products sold in the EU by 2030, with an estimated 62.5B DPPs for garments required globally in the next five years. SPIN.FASHION has already onboarded more than 100 brands and creators in its closed invite-only beta pilot phase and will be launched to the public with peaq as the default chain in late Q3 2024. Its platform is already home to over 80,000 digital and physical items for art and luxury enthusiasts and is set to onboard over 1M items in the next 12 months.
Leveraging peaq as the layer-1 blockchain for its platform, SPIN.FASHION will use a variety of peaq’s Modular DePIN Functions as part of its core infrastructures. It will use self-sovereign peaq IDs as the identity standard on the platform, outfitting every RFID tag — a smart tag placed on luxury and art objects and connected with their on-chain passports — with a peaq ID. It will enable creators to mint phygital NFTs on peaq and use peaq as the home for digital twins of real-world art and luxury items. It will also use peaq as the backbone of its traceability and circularity system, deploying smart contracts on peaq to enable Web3-powered luxury trade, and launch its token natively on peaq. In the future, the peaq integration may also provide the digital backbone for SPIN.FASHION-powered XR experiences.
“We are thrilled to leverage peaq’s Modular DePIN Functions to build some of SPIN.FASHION’s key functions and use it as the main chain of choice for our luxury brands, artists, and creators. On peaq, we are building the most user-friendly, sustainable, and scalable minting infrastructure for smart-products in the industry. It’s exciting to see regulation stepping in to kick off the new RWA-Based DePIN circular economy. We have been building for this vision for almost a decade, and the application of on-chain DPPs seems to be the trigger for a butterfly effect that will reshape the world,” says Lor Albrighi, Co-CEO & Founder of SPIN.FASHION.
“The luxury and art industry stands to gain a lot from joining the Web3 RWA segment, with the added benefits of greater traceability and liquidity,” says Leonard Dorlöchter, co-founder of peaq. “With its knack for innovation, EU compliance, and a vast network of industry partnerships, SPIN.FASHION is well-positioned to be the Web3 gateway for the creative community, and we are thrilled to see it build its multi-faceted platform on peaq.”
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Blockchain
Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3)
Introduction
The blockchain and cryptocurrency industry continues to evolve, with major advancements in institutional adoption, regulatory modernization, and innovative applications. Today’s roundup covers Dogecoin’s new blockchain strategy, the U.S. Army’s use of blockchain for tracking aid, notable blockchain startups, domain challenges for Web3 companies, the first AI blockchain agent, and Luxembourg’s legal updates for custody chains. Let’s break down the biggest headlines shaping the future of blockchain technology and decentralized finance.
Dogecoin Unveils Strategic Blockchain Movement
Expanding Beyond a Meme Coin
Dogecoin, often viewed as a lighthearted cryptocurrency, is making serious strides toward blockchain utility with a new strategic initiative aimed at expanding its use case beyond simple transactions. The Dogecoin Foundation has announced plans to integrate layer-2 solutions, smart contracts, and interoperability features, potentially positioning DOGE as a serious competitor in the decentralized finance (DeFi) space.
This move signals a shift in the perception of Dogecoin, which has long relied on community-driven momentum. With the new strategy, DOGE could become an integral part of the growing Web3 ecosystem.
Source: Crypto Briefing
U.S. Army Utilizes Blockchain for Aid Tracking in Ukraine
Military Adopts Emerging Tech for Transparency
The U.S. Army is leveraging blockchain, big data, and generative AI to track billions of dollars in aid sent to Ukraine. This marks a significant step in blockchain’s adoption by governments and defense agencies to enhance transparency and prevent fraud.
By using blockchain for immutable record-keeping, military officials aim to improve logistics tracking, reduce inefficiencies, and ensure secure auditing of aid distribution. This could set a precedent for future government adoption of blockchain-based verification systems.
Source: Breaking Defense
10 Blockchain Startups to Watch in 2025
Innovation Driving the Next Wave of Web3
A new report highlights ten emerging blockchain startups poised to disrupt industries from finance to supply chain management. These companies are working on scalable smart contracts, decentralized identity solutions, and improved cross-chain interoperability.
Among the standout names are startups focusing on privacy-preserving transactions, institutional DeFi tools, and real-world asset tokenization, reinforcing blockchain’s growing role in mainstream finance and enterprise adoption.
Source: Yahoo Finance
Web3 Companies Struggle with Domain Name Challenges
Decentralization vs. Traditional Domain Ownership
As blockchain companies push forward with Web3 adoption, many are encountering significant hurdles in securing relevant domain names. Unlike traditional domains governed by ICANN, blockchain-native domains such as .crypto and .eth exist outside standard regulatory frameworks, leading to disputes and accessibility issues.
Industry experts are calling for greater collaboration between blockchain projects and domain registrars to ensure seamless Web3 adoption while maintaining online accessibility for users.
Source: Domain Name Wire
Klaus Agent Becomes the First Blockchain AI to Use Custom DeepSeek Model
AI and Blockchain Converge
The Klaus Agent, an AI-powered blockchain agent, has integrated the DeepSeek AI model to enhance decision-making, smart contract automation, and decentralized application (dApp) intelligence. This innovation represents a major step in merging artificial intelligence with blockchain networks, allowing for more sophisticated automation in DeFi, NFT trading, and DAO governance.
As AI and blockchain continue to converge, the potential for autonomous smart contract execution and predictive analytics is expected to grow, leading to more efficient decentralized systems.
Source: GlobeNewswire
Luxembourg Modernizes Custody Chain Laws for Blockchain
A Legal Framework for Tokenized Assets
Luxembourg, a key financial hub in Europe, has updated its custody chain regulations to accommodate blockchain-based assets. These changes are designed to facilitate institutional adoption of tokenized securities and digital asset custody solutions.
By providing a clear regulatory framework, Luxembourg aims to attract fintech firms, investment funds, and digital asset custodians, further strengthening its position as a leader in blockchain finance.
Source: National Law Review
Conclusion
The latest blockchain developments underscore the rapid evolution of the industry, from Dogecoin’s strategic shift to military adoption of blockchain for transparency. As AI and blockchain begin to merge, and governments refine regulations, we are witnessing a pivotal moment in decentralized technology.
With institutional interest growing and regulatory frameworks taking shape, blockchain and Web3 technologies are moving closer to mainstream acceptance. Stay tuned for the next Blocks & Headlines briefing as we continue to track the most significant trends shaping the future of decentralized finance and digital assets.
The post Blocks & Headlines: Today in Blockchain – January 30, 2025 (Dogecoin, U.S. Army, DeepSeek, Web3) appeared first on News, Events, Advertising Options.
Blockchain
Fintech as a Service Business Research Report 2025: Global Market to Reach $1.1 Trillion by 2030 from $387 Billion in 2024 – SMB Adoption of Fintech Services Spurs Market Expansion Opportunities
Fintech as a Service (FaaS) Market
Blockchain
From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity
The post From Apes to Humans: ApeChain Joins Humanity Protocol’s zkProofer Network to Scale Proof of Humanity appeared first on News, Events, Advertising Options.
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