Ordinal NFTs are a revolutionary new way of creating non-fungible tokens on Bitcoin's blockchain. With the launch of the Ordinals protocol in January 2023, users can explore, receive, and transfer individual satoshis that hold unique data, such as videos and images.
As of February 10th, 2023, the Bitcoin blockchain has welcomed the addition of over 50,000 Ordinal inscriptions. With this trend showing no signs of slowing down, daily inscriptions of text, videos, images, software programs, and audio are becoming more frequent.
Decentraland is all set to host its second annual Metaverse Music Festival (MVMF) next month. The event, slated to run from November 10-13, will be presented by digital asset exchange Kraken and will not require a ticket or any special hardware to participate. According to a Monday announcement, over 100
With many traditional brands jumping on the Web3 bandwagon, India-based eCommerce platform Flipkart has launched a new metaverse experience that allows consumers to discover products in a photorealistic virtual destination and shop on the firm’s app. Dubbed Flipverse, the virtual world was launched in partnership with eDAO. The first
In October, Mark Zuckerberg, believing that the metaverse is the next phase of the internet, took the bold step of changing the name of his company from Facebook to Meta. While several proponents of the technology envisage a virtual world where people can work, play, and live, developing the metaverse
Dubai-headquartered Commercial Bank International (CBI) has launched a new location in the metaverse, making it the first UAE bank to establish its presence in the metaverse. CBI’s virtual location can be accessed through Portals, cbi.dcl.eth, or coordinates (63, -127) on the Decentraland map. As per announcements, the
The Hong Kong Polytechnic University (PolyU), one of the top public universities in Hong Kong, has become the first university in the city to launch a metaverse-related postgraduate program. The one-year Master of Science in Metaverse Technology program is billed to kick off next September under the computing department. According
In a bid to drive digital transformation, the government of Japan has said it will continue to promote Web3 services, including investments in non-fungible tokens (NFTs) and the metaverse. According to the current prime minister of Japan, Fumio Kishida, the government’s investment in digital transformation included its recent decision
BlackRock, the world’s largest exchange-traded funds (ETFs) provider has moved to launch a metaverse ETF despite the weak market conditions in the crypto space. Dubbed “iShares Future Metaverse Tech and Communications ETF,” the metaverse product will track companies with metaverse exposure, a Thursday filing said. However, Bloomberg reports that
The UAE Ministry of Economy has continued to advance its metaverse push with the announcement of a new headquarters located in the metaverse. Minister of Economy, Abdulla bin Touq Al-Marri made the announcement on September 28 at the Dubai Metaverse Assembly, stating that the metaverse office was “not a proof