In December 2021, Tesla’s CEO Elon Musk described the metaverse rush as nothing more than a marketing buzzword. Although Musk did not outrightly dismiss the tech, he may not be alone in his seemingly anti-metaverse stance. According to the inventor of the PlayStation Ken Kutaragi, there is no point
Leading cryptocurrency exchange Huobi Global has launched a campaign aimed at attracting more participants to the metaverse. Dubbed Prime Fest: Tiger Year, the Lunar New Year campaign will run until February 14, 2022. The crypto exchange has earmarked $100 million worth of prizes and rewards for the program, including special
News
Home to countries with some of the fastest-growing GDPs [Gross Domestic Product] and the world's youngest population, the demand for housing in Africa is on the rise. While governments and developmental financial institutions have made efforts to cater to this growing need, the property market is currently experiencing
Tesla CEO Elon Musk is not buying Twitter’s new NFT integration feature. Musk, in a Friday morning tweet, slammed the social media giant for allocating engineering resources towards NFT integration while doing little to tackle spam activity on its platform. Twitter is spending engineering resources on this bs while
Barely a few hours after news broke that Instagram and Meta would enable support for non-fungible tokens (NFTs), Twitter rolled out iOS support for digital collectibles. These social media giants are clearly trying to outclass each other. On Thursday afternoon, Twitter announced that paid subscribers of Twitter Blue would be
News
ProtoFi, a AMM and yield farming protocol featuring enhanced asset protection is live. It has a lot on its plate - from a dual token system to dividend payout. Is it worth checking it out? Let’s dive in. In 2020, with the rise of DeFi space, crypto startups promised
According to a report by the Financial Times, Meta (formerly Facebook) is working on a new feature that would allow users to display their NFT collections on Instagram. Citing unnamed sources, the FT reported on Thursday that the feature would allow Meta and Instagram users to mint and sell NFTs,
Metaverse
The metaverse race appears to be going beyond a squabble for supremacy by tech giants. Governments are beginning to hop into the frenzy, with South Korea being the latest to embrace the tech. According to an article published by Korea Herald, the Korean government has set a target to nurture
It is definitely a season of capital raises by NFT and metaverse projects. From Burnt Finance’s $8 million Series A round on Monday to Metaplex’s $46 million round, investors are splashing million on crypto startups. Tom Brady’s Autograph NFT platform is one of the latest to receive
As part of its efforts to ramp up its metaverse plans, Microsoft will be acquiring Activision Blizzard for a whopping $69 billion. According to the tech giant’s CEO and chairman Satya Nadella, gaming “will play a key role in the development of metaverse platforms.” According to a Tuesday announcement
Burnt Finance, a crypto startup that became famous for burning an original Banksy artwork and then selling higher as an NFT, has raised $8 million in a Series A round led by Animoca Brands. Other participants in the capital raise include Alameda Research, DeFiance, Figment, Multicoin Capital, Play Ventures, Spartan
NFT News
A few days ago, the world's first Solana-powered social NFT mobile app, Artrade, announced its partnership with 2 of the most revered artists in the artistic world: El Motion Lab and Benjamin Spark. These 2 have, over the years, with great dedication and commitment, proven their worth in
Metaplex Foundation, the protocol behind millions of Solana NFTs, has raised $46 million from several investors, including NBA legend Michael Jordan. The strategic funding round was co-led by Multicoin Capital and Jump Crypto, with participation from others like metaverse investment firm Animoca, Solana Ventures, and Alameda Research. In addition to
Following a partnership with Mastercard, Coinbase’s forthcoming NFT marketplace is set to address some of the critical pain points of transacting in the space. The crypto exchange announced the Mastercard partnership on Tuesday, noting that it was working with the payments giant to classify non-fungible tokens (NFTs) as “digital
NFT marketplace OpenSea announced on Tuesday that it had acquired Dharma Labs, a blockchain-based protocol for generic tokenized debt agreements. Meanwhile, Dharma's chief executive officer would become OpenSea's new chief technology officer. The confirmation comes weeks after Axios’s Kia Kokalitcheva disclosed that OpenSea was in
News
Decentralized crypto and traditional banking service provider MELD has partnered with blockchain-based cloud computing Cudos network to offer a holistic financial service to users. The two platforms have teamed up to use their expertise to support the others’ functions. Financial Inclusion for All For many, banking and crypto operations may