Web3 Audio Digest July 4, 2023 - ERC6551, now your NFTs can own NFTs & Roblox ditches the term Metaverse

Roblox is pivoting away from the concept of the metaverse to focus more on user-generated content and partnerships, particularly in sports. Changes in consumer values are leading to a 'trust transformation' in businesses, prioritizing ethics in an AI-driven world. The new ERC-6551 standard is set to revolutionize NFTs, allowing them to hold other assets and interact with smart contracts, despite some adoption challenges.