Honda Motor Company to Accept Crypto For Services

Hi NoRamp Community,

Honda Motor Company has partnered with FCF Pay to accept payments in crypto. Adidas and Moncler collab features AI and NFTs. Celsius eyes creditor payback.

Honda to Partner With FCF Pay to Offer Payment Via Crypto:

• Honda Motor Co partners with FCF Pay to enable cryptocurrency payments for its products, supporting 46 cryptos including Ripple (XRP), Dogecoin (DOGE), and other memecoins like Shiba Inu (SHIB).

• Honda introduced a limited edition NFT during the FORMULA 1 Honda & Red Bull event in Tokyo, distributing Honda KEY NFTs to fans who participated in a ticket lottery.

• The NFT initiative was in collaboration with Animoca Brands Japan, aimed at supporting Web3 strategies for Japanese intellectual property and content owners.

Moncler x Adidas:

• Luxury outerwear brand Moncler is launching a campaign called “The Art of Explorers” to promote its collaboration with Adidas Originals. The campaign blends AI-generated adventurers with mixed media sculptures and offers an immersive digital experience along with a limited edition NFT collection.

• Artists were tasked with crafting sculptures inspired by the collection, with the sculptures showcased alongside human models dressed in the collaborative collection. The campaign concept aimed to create avatars inspired by the collection's attire, connecting real-world fashion with an AI-influenced aesthetic.

• The Moncler x Adidas Originals collection will be available online from October 4 and in selected stores the next day. As part of the launch, 3,000 NFTs representing the collaboration boot will be distributed, some of which will be automatically given to certain Adidas NFT holders.

Bankrupt Crypto Lender Celsius Eyes Creditor Payback by Year End:

• Celsius Network, a previously dominant crypto lending company now facing insolvency, is pushing for court permission to start repaying its customers by year-end. Their restructuring proposal includes the formation of NewCo, a $450 million seed-funded company concentrating on Bitcoin mining and staking, which will be under the management of Fahrenheit, the consortium that acquired Celsius Network in May 2023.

• The proposed restructuring, initially introduced in August, envisions disbursing around $2 billion in Bitcoin and Ethereum to Celsius' creditors. Moreover, NewCo intends to be listed on the Nasdaq, providing creditors equity in the newly formed entity.

• While a majority of creditors support the plan, it faces opposition, including 12 formal objections from entities like the U.S. Trustee and the U.S. Securities and Exchange Commission (SEC). The success of the restructuring plan is contingent on approval from U.S. regulatory bodies, with a hearing regarding Celsius's Chapter 11 plan set to proceed on Tuesday.

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