Web3 Watch: Lamborghinis are coming to the metaverse

Plus, Ubisoft is launching NFTs for its Captain Laserhawk shooter game

October 5, 2024 12:00 pm

ClassicCarPhoto/Shutterstock modified by Blockworks

Buckle up, Lamborghinis are coming to the metaverse.

Automobili Lamborghini and Animoca Brands are collaborating to bring the iconic Italian luxury vehicles into “Fast ForWorld,” Automobili’s upcoming metaverse platform.

Players will be able to own and trade Lamborghini sport cars as interoperable digital assets across gaming platforms such as Torque Drift 2, REVV Racing and the Motorverse Hub.

Newsletter

Subscribe to The Breakdown

Loading Tweet..

Fans will have to purchase a Lamborghini Revuelto digital asset in order to access the ecosystem, which will be available in November.

Read more: Web3 Watch: Naked in the metaverse

Fast ForWorld is developed by Gravitaslabs, a Web3-focused game design technology company and Animoca Brands partner.

Ubisoft to launch NFT collection via Magic Eden

Gaming juggernaut Ubisoft is launching the “Niji Warrior ID Cards” NFT collection on the Arbitrum layer-2 via the Magic Eden marketplace.

The NFT mint will be a collection of 10,000 and will use dynamic metadata to reflect player activity in Ubisoft’s upcoming multiplayer shooter game Captain Laserhawk: The G.A.M.E., as well as governance over the game’s updates.

Loading Tweet..

Captain Laserhawk: The G.A.M.E. is inspired by the “Blood Dragon” video game from Ubisoft’s popular Far Cry series, which also has an accompanying animated TV series “Captain Laserhawk: A Blood Dragon Remix” on Netflix.

This marks Magic Eden’s first NFT deployment on Arbitrum, as well as Ubisoft’s second foray into blockchain gaming. Its first, Champions Tactics: Grimoria Chronicles, is an upcoming gothic-themed turn-based RPG that is set to launch on the Oasys layer-1 blockchain.

One interesting stat:

Podcast NFT mints on the Pods dapp have seen about 475,000 mints and $1 million in mint volume in the last year.
NFT trading volumes continue to trend down to 115,000 ETH for the month of September, its lowest since January 2021. The number of unique NFT buyers is also down to 30,000.

Also of note:

Pudgy Penguins is launching “Pudgy Arcade” arcade machines across the US.
The first Bitcoin Ordinal NFT “Ascend” will go on sale on Oct. 10 at a live Christie’s auction.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2026

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

Kinetiq Protocol: From LST Infrastructure to HIP-3 Deployer

Kinetiq has established itself as Hyperliquid's dominant liquid staking protocol, holding 82.5% of LST market share with $610M in TVL. The protocol is now expanding beyond its kHYPE staking core into higher take-rate verticals: iHYPE for institutional custody rails, Launch for HIP-3 capital formation, and Markets for builder-deployed perpetuals. We view Markets, launching Jan. 12, as the highest-potential product line given its mechanically scalable, activity-linked unit economics. Near-term revenue remains anchored by kHYPE's KIP-2 fee schedule (~$1.6M annualized), while Markets provides embedded optionality if HIP-3 economics normalize post-Growth Mode. KNTQ's setup is relatively clean: zero insider unlocks until November 2026, 6.2% buyback yield from staking revenue, and cleared airdrop overhang. Risks center on unproven Markets execution, declining kHYPE TVL despite ongoing incentives, and competition from Hyperliquid's native initiatives.

by Shaunda Devens