Many brands are starting to see a recovery despite the challenges initially brought on by the pandemic. Some businesses, especially ones that focused efforts on expanding e-commerce ventures, have even seen profits rise even higher than before.
HYPEBEAST has rounded up the top business and crypto stories of the week so you can stay in the know about trends across industries.
1. Apple launched a self service repair program so people can fix their iPhones at home
The Self Service Repair will give customers access to instructions and the tools necessary to fix hardware issues at home. Set to debut first for the iPhone 12 and iPhone 13 lineups, the program will launch in the United States early next year, with plans to reach additional countries throughout 2022.
2. Meta’s Reality Labs is developing haptic gloves that will allow you to feel objects in the metaverse
The team has been working on the concept for seven years and has made breakthroughs in soft robotics and microfluidics, the company said in a press release. A video has also been released showing how the tech will work.
3. Twitter acquired Threader App to build out premium features for Twitter Blue
Threader is an app that curates Twitter threads into a single page. The acquisition is part of the expansion of Twitter’s paid Twitter Blue subscription service.
4. NVIDIA reported record revenue of $7.1 billion USD for Q3 2022
Over the three months, the tech firm brought in $7.1 billion USD, representing a 50% increase from the same period last year. It also represents a 9% growth over the previous quarter.
5. Ford and GM are going to start making their own chips amid a global shortage
Ford announced a non-binding collaboration with manufacturing powerhouse GlobalFoundries, which will eventually aid the automaker in bringing chip development in-house. GM is currently working with numerous semiconductor manufacturers as well.
1. Givenchy is collaborating with artist Chito to release NFTs
The new endeavor is the second time the duo has worked together following their initial collaboration for Givenchy’s Spring 2022 pre-collection. The series includes 15 NFTs featuring eye-catching airbrushed characters and symbols.
2. A Canadian teenager was arrested in connection to a $36 million USD cryptocurrency heist
Police were able to track down an individual who may have used some of the stolen cryptocurrency to purchase a rare gamer tag. The heist is considered to be the largest cryptocurrency theft by a single individual ever reported.
3. This website claims to have downloaded every Solana and Ethereum NFT as JPEG files
A new website called The NFT Bay claims to have right-clicked and saved every NFT on the Ethereum and Solana blockchain networks as JPEG files, stirring up a debate on what makes NFTs so valuable. In a press statement posted to GitHub, the website’s founder said he considered the initiative to be “an educational art project.”
4. The U.S. Justice Department is selling $56 Million USD of Bitcoin it seized from a major Ponzi scheme
The scheme involved a company called BitConnect that allegedly cheated crypto investors out of more than $2 billion USD worth of Bitcoin. The scam is considered to be “the largest single recovery of a cryptocurrency fraud by the United States to date.”
5. A group of crypto investors raised $40 million USD to try and buy a rare copy of the U.S. Constitution
The group, which calls itself Constitution DAO, is made up of 17,437 cryptocurrency investors. The auction took place on Thursday at Sotheby’s in New York and ultimately sold to a private collector for $43 million USD.
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