Vertex Labs (https://vertexlabs.uk/), the brain behind the Caduceus metaverse protocol, Vertex Network and 3D metaverse platform, LightCycle, has acquired London-based digital art studio, Digimental Studio (Digimental), the driving force behind blue-chip 3D NFT fashion brand, HAPE for US$12 million. The acquisition completes Vertexlabs.uk offering as the world’s leading provider of Web3 and AI infrastructure and marks a pivotal milestone for the global metaverse industry.

Through its acquisition of Digimental, Vertexlabs.uk will introduce a staking programme for its HAPE community members. Building on HAPE’s collaborations with Italian fashion giant, Diesel and iconic global lifestyle brand, Jagermeister, HAPE will continue to form new partnerships with fashion, lifestyle and luxury players, providing them with unprecedented access and infrastructure support within the Web3 space. The shared vision is for HAPE to become the go-to destination within the fashionverse and a home for its community members, through its integration into Vertexlabs.uk’s 3D metaverse platform, LightCycle. Digimental will lead on the creation and development of LightCycle.

Founded in 2011, Digimental Studio launched its prolific brainchild, HAPE, in 2021; with a current trading volume $US200 million, HAPE boasts the largest NFT community in the world with over 420,000 members on Discord and a global, cross-platform community of over 1 million members. HAPE rapidly achieved cult status and an insatiable collector-based following for its iconic digital art, rooted in cultural cues from street fashion, tech and music.

Its release of 8,192 minted HAPES (unique Ethereum-based NFTs), broke NFT-release records when it drew in 450,000+ global community members to its HAPE Discord channel, with resale purchases exceeding US$20,000 per HAPE on OpenSea. S

olidifying its foothold within the fashionverse, HAPE went on to partner with Italian fashion giant, Diesel, earlier this year to launch a co-created, limited edition NFT collection, offering exclusive physical and digital rewards; the collaboration forms part of HAPE’s wider commitment to innovate together with brands, bridging the gap between Web2 and Web3.

The merge builds on Vertexlabs.uk’s strategic partnership with HAPE, formed to supercharge HAPE’s ecosystem by providing a vital infrastructure layer for Web3 projects and through the integration of tokenomics. Vertexlabs.uk’s metaverse, Web3 and AI infrastructure is powered by decentralised edge rendering and offers an unparalleled solution. Its Caduceus metaverse protocol is modular and easy to adopt, with up to 100,000 fast transactions per second, extremely low gas costs and compatibility with EVM. This means developers can use its decentralised real-time edge rendering and AI computing for migration, immersion and streaming.

The merge also saw the successful integration of $CMP token into HAPE’s native ecosystem, enabling holders to purchase on-chain digital clothing within the HAPE marketplace, using CMP, to create a seamless metaverse experience.

Ander Tsui, Founder & CEO of Vertexlabs.uk said: “Web3 is nothing without content. We have developed the world’s first blockchain dedicated to metaverse development and now, by adding Digimental to our stable – together we can truly push the boundaries of the digital world, providing the infrastructure for the future of fashion and entertainment.

HAPE’s community is paramount in our growth strategy and we’re excited that, through tokenisation and our soon-to-launch staking programme, HAPE and CMP token holders will reap the rewards.”Matt Sypien, Founder, Digimental Studio added: “Joining forces with Vertex Labs opens up an exciting new chapter for Digimental Studio. As we enter the Hape 2.0 era, our collaboration will push the frontiers of the digital world. Cultivating a loyal and engaged community has always been at the heart of HAPE’s success. With Vertex Labs’ support, we will take this to the next level and offer our community unparalleled access and experiences in Web3. We are excited to forge new partnerships with bands leading the zeitgeist in fashion, music and culture and we are committed to continuing to innovate together.”

About Vertex Labs

Vertex Labs is a Metaverse, Web3 and AI infrastructure provider, powered by decentralised, real-time edge rendering engine. Its cutting-edge technology includes: A metaverse graph consensus mechanism enabling large-scale parallel processing that outmatches traditional Layer 1 protocols; a real-time edge rendering engine with flexible distributed real-time rendering technology delivering improved efficiency and lower costs for all users; interactive metaverse technology with extensive device and devkit support, enabling seamless creation and experience of immersive 3D models and environments.

About Digimental Studio

Founded and Directed by Matt Sypien, Digimental Studio offers design-led Web3 services and has numerous industry awards. As the first NFT collection by Digimental Studio, Hape launched in January 2022 to tremendous success, crashing OpenSea twice due to high demand. It continues to lead innovation in the Web3 space, operating at the intersection of fashion, lifestyle and culture.

Matt Sypien Bio: Digimental (Matt Sypien) is the Director of Digimental Studio and Founder of Hape. Hailing from Krakow, Poland and now London-based, Digi evolved his passion for all things creative from a hobby into a career. His creativity spans a variety of media and techniques such as digital imaging, print and packaging, film and television production. His diverse client list includes Chelsea FC, Nike, Christies, Four Seasons, Google, Audi, Skrillex, The Economist, among many others. Digi’s distinctive artworks have earned him numerous industry awards and global recognition.

This article was written by ForexLive at www.forexlive.com.

On the daily chart below, we can
see that USDCAD has been pretty much rangebound for half a year, probably
because the two most hawkish central banks, the Fed and the BoC, were seen
coming to the end of their tightening cycle. We have two major levels here, the
support at 1.3300 and the resistance at
1.3665. The USD has recently started to appreciate across the board due to
stronger than expected US economic data that made the market to reprice
interest rates expectations on the hawkish side.

This development has lifted the
USDCAD and took it back to 1.3665 level from the 1.3300 support. The buyers
will now eye a break above the 13665 resistance to start targeting the previous
high at 1.3862, while the sellers will want to defend this level and target
another fall to the 1.3300 handle.

USDCAD Technical Analysis

On the 4 hour chart below, we can
see that within the 1.3300 and 1.3665 range we have another two significant
levels. The price is now near one of them at 1.3553 and it’s expected to be a
strong support. We can find here the confluence from the trendline and the 61.8% Fibonacci
retracement level.

The buyers will be leaning on
this support zone with a defined risk below it in case the price spikes down to
it. The target will be the 1.3665 high first and, upon a breakout, the 1.3862
resistance. The sellers, on the other hand, will be waiting for a break below
the 1.3553 zone to pile in and target the 1.34 handle.

On the 1
hour chart below, we can see that USDCAD is already showing signs of bottoming.
So, in case the price does not spike down to the support zone, the buyers may
start to pile in once the price breaks above the recent swing high at 1.3612.
The target would be the breakout of the 1.3665 high.

The
sellers don’t have much to lean on here as the only strategies would be to lean
on the 1.3665 resistance with a defined risk above it or wait for the downside
breakout of the 1.3553 support zone. This week the main risk event is the US NFP report on Friday where strong
readings should keep the USD bid, while misses should cause USD weakness.

This article was written by ForexLive at www.forexlive.com.