After Twitter’s mass layoffs caused a stir in the tech world, Meta appears to be following suit. According to a Wall Street Journal report, the owner of Facebook and Instagram will begin trimming staff in the second week of November. Meta’s Mark Zuckerberg earlier stated that the social media giant’s staff could be smaller next...Read More
Shopping malls in the metaverse have several advantages. One of them is that they can house as many stores as the developers’ imagination allows. This is what a Mexican entrepreneur envisioned with Island Shopping Mall: Mexico’s first metaverse mall. The mall was inaugurated today and can be accessed from mobile devices via an app available...Read More
Gaming and metaverse DAO giant Merit Circle voted to burn all remaining tokens left in the Community Incentives wallet as a way to reduce the total supply. The project has been carrying out monthly token burns but decided in favor of bulk destruction. A proposal to burn 200 million MC tokens saw an overwhelming number...Read More
On October 20, the International Criminal Police Organization (Interpol) announced the launch of the first metaverse. The organization unveiled the news during the 90th anniversary of its General Assembly in India. According to the release, the Interpol metaverse allows users worldwide to access Interpol’s headquarters in Lyon, France. Visitors to the metaverse will be able...Read More
DappRadar – a Dapp discovery and analysis platform – has released a report covering the current state of the Metaverse, its use, and levels of adoption. While metaverse-related trade has slowed massively this year, other metrics continued interest in the space. Is the Metaverse Still Active? The “metaverse,” according to DappRadar, has two meanings. One...Read More
The blockchain company Ripple joined forces with the music integration platform Styngr and the record label Armada Music to release an exclusive album in Maladroids (a video game built on the XRP Ledger). It is worth noting that Armada Music is one of the leading entities in its field, while the renowned DJs – Armin...Read More
The top tier of Spanish soccer – Primera Division, commonly referred to as La Liga – reportedly joined forces with the digital art platform – StadioPlus – to enter the Decentraland Metaverse. Over the course of the partnership, the league will develop land parcels in Vegas City district (a digital party town part of the...Read More
On September 15, American video game development company Epic Games announced the official launch of Blankos Block Party on its Game Store, making it the first NFT game to be included in the platform’s Marketplace. The beta version of Blankos Block Party was launched in 2020 by Mythical Games and has already gained more than...Read More
The American banking giant – JPMorgan Chase – is looking for a Vice President (VP), Payments Business Development Manager, to join its Technology, Media, and Telecom West Coast Payments Team to be part of the Web 3, Crypto, Fintech, & Metaverse division. JPMorgan’s latest push toward the digital asset industry could be considered a surprise...Read More
According to a report by the data acquisition and analysis company DappRadar, Web3-based games and Metaverse projects raised $748 million since August 1, 2022. Last month, on average, 847,000 daily Unique Active Wallets (UAW) interacted with blockchain games, an 11% decline compared to July. One of the most popular games in the field – Axie...Read More
Singapore’s largest bank DBS announced a partnership with Ethereum-based gaming platform The Sandbox to design an interactive metaverse experience – DBS BetterWorld – as part of its broader roadmap to explore Web 3 opportunities for its customers. The latest deal marks the foray of the first Singaporean entity to collaborate with the Animoca Brands’ subsidiary...Read More
The American investment management company – Invesco – reportedly launched a Metaverse fund, which will invest in large, medium, and small-cap firms that have stretched their operations to the virtual reality. Last year, the investment giant filed documents to launch two crypto-based ETFs in the USA. Several months later, though, it blamed the US SEC...Read More
The two most successful soccer teams in Spain – FC Barcelona and Real Madrid – filed for a joint Metaverse trademark application. The clubs plan to provide their fans with products like virtual reality gaming and cryptocurrency transaction management software. The Spanish colossuses are not the only ones to make such a move in the...Read More
Dating giant Match Group has announced several modifications to its management team alongside disappointing second-quarter earnings. The CEO, Renate Nyborg, revealed that heavy investments in the metaverse will now take a backseat. Tinder’s first foray into web3-related research and metaverse development was previously envisioned by the exec. She unveiled the ambitious “Tinderverse” project after acquiring...Read More
Chinese companies are increasingly focusing their attention on developing the metaverse space. Despite the top-down state control, companies have made big investments in both hardware and software. Taiyi Group is one such organization that has now announced the acquisition of Huobi’s communication tool, dubbed Huoxun. According to a recent report, the goal is to develop...Read More
On July 31, Vitalik Buterin commented in response to Dialectic’s Dean Eigenmann’s thoughts on the future of the Metaverse and the way venture capital firms think it will play out. The Ethereum co-founder is confident that the Metaverse will happen but added that he doesn’t think “any of the existing corporate attempts to intentionally create...Read More
The bear market weeds out unnecessary frills and enables legitimate projects to stand out but also cripples portfolios of investors, both big and small. The ongoing market conditions are no different. But one vertical that market participants remain bullish on is – blockchain games and metaverse projects. Winner in Bear Market According to DappRadar’s report,...Read More
Despite the steep decline in the cryptocurrency market, the games based on the metaverse continue to gather the attention of those who dream of finding a virtual land where everyone can enjoy a unique and fun experience beyond the barriers of the real world. On July 13, Tony Hawk, one of the world’s most famous...Read More
The blockchain gaming platform Animoca Brands has reportedly raised $75 million in a funding round, and its valuation soared to $5.9 billion. Despite the Bear Market, Animoca Has a ‘Long-Term Vision’ In January this year, the Hong Kong-based company secured a $360 million fundraiser led by Liberty City Ventures, Winklevoss Capital, and Soros Fund Management. According to...Read More
Wall Street giant Citigroup released a new report on cryptos-backed mortgages as an alternative for financing properties. The document laid out the benefits of such a financial innovation and the potential risks rooted in the high volatility of asset prices. Titled “Home of the Future: PropTech — Towards a Frictionless Housing Market,” the report also...Read More
While cryptocurrency markets continue to trade sideways as Bitcoin holds $19k and Ethereum remains above the $1k level, one Metaverse crypto coin, CEEK VR, is showing significant bullish momentum of upwards of 20% in the past 24 hours. It’s no secret that Metaverse and NFT projects remain one of the most popular niches in cryptocurrency,...Read More
The past year has seen Non Fungible Tokens, NFTs, grow from just a few mentions in the blockchain world to mainstream media. The concept of NFTs has brought about several changes and opportunities for the blockchain community. One of these is the artist industry. You might have heard cases whereby there are copyright issues or...Read More
In a Facebook post on June 21, Zuckerberg said there would also be updates to “help creators build for the metaverse.” He added that he wanted platforms such as Facebook to play a role in the growing creator economy. There were six new updates that Zuckerberg shared in his thread. The first one was more...Read More
Several projects have shown substantial growth in the past 24 hours, with cryptocurrency markets recovering from this weekend’s selloff. Some Metaverse and NFT projects gained over 45% today, signaling plenty of momentum and traders waiting on the sidelines, ready to buy the dip. Today we look at the top two Metaverse crypto coins gaining the...Read More
Global consultancy firm McKinsey & Company released a new report on the Metaverse, stating that in eight years, the field could be valued at $5 trillion – around the same size as Japan’s economy. The report “Value Creation in the Metaverse” drew data from two surveys, including 3,104 consumers across 11 countries and 448 companies...Read More
Arizona State University (ASU) – one of the biggest public universities in the States – intends to join the Metaverse and Web3 ecosystems. It also plans to release non-fungible tokens (NFTs) for authenticating event tickets and certificates. ASU to Conduct Classes in a ‘Virtual Environment’ A series of trademark filings with the United States Patent...Read More
As expected, this week, the stock market opened in a bear market, with the Dow losing 876 points, S&P falling into bear territory, and the Nasdaq selloff continuing. Bitcoin and Ethereum saw significant bearish momentum on Monday, which continued through Tuesday, with the Bitcoin price losing nearly 25% this week and the Ethereum price down...Read More
Bitcoin and Ethereum prices show significant losses this Monday, with BTC trading at $23.7k and ETH dropping nearly 16% to $1.2k. Current cryptocurrency prices are bringing the market back to January 2021, with the global market cap finally dropping below the $1 trillion level, currently at $965 billion. Panic at the Market There’s evident panic...Read More
Ethereum-based layer 2 NFT scaling platform, Immutable, has submitted a proposal to the ApeCoin DAO to develop the popular Bored Ape Yacht Club (BAYC) metaverse project Otherside on its blockchain network. Otherside Metaverse on Immutable X Citing scalability, no-fee transactions, and a carbon-neutral environment, Immutable said that the move aligns with the needs of the...Read More
The University of São Paulo (USP) signed a cooperation agreement with Radio Caca (RACA) to study different educational applications within the United States of Mars metaverse by operating different virtual lands inside the metaverse. According to the official information shared by the University of São Paulo; its team will evaluate the technical, economic, and legal...Read More
