Web3 Creator Economy: March headlines

- Animoca Brands Japan invests in global entertainment company Rainshine Global Inc., the two companies aim to build a gateway for Japanese intellectual properties (IPs) to reach new global markets (source)
- Instagram scraps its Web3-related initiatives for now, previously Instagram tested the idea of limited-edition NFTs or digital collectibles minted from photos that users could create and sell (source)
- NEAR Protocol is Taking a Step Towards Web3 Social Networking: NEAR Discovery, "the easiest point of entry into Web3", is meant to make it easier to create Web3 social networks. Many of the blockchain operating system’s building blocks already exist, like NEAR Crowd, a gig economy platform, and NEAR Social. They aim to address the drawbacks of centralized platforms like Facebook, Instagram, Snapchat and TikTok, including little to no anonymity or privacy, few rewards for content creators, no community input and censorship concerns (source)
- Epic Games announced updates this week to Unreal Engine 5.2, including MetaHuman technology and procedural generation tools that allow creators to design custom maps and experiences within the game (source)

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