Metaverse
At the height of the crypto boom in 2017, several people did the unimaginable to secure a spot in the crypto market. For instance, Dutch national Didi Taihuttu became a national sensation after he sold his house, car, bikes, and other valuable possessions to buy Bitcoin when the flagship cryptocurrency
Metaverse
The United Arab Emirates is gearing up to launch its first hospital in the metaverse. The Medical Metaverse, which will become fully operational by October, will be under the management of Thumbay Group. It will be a fully functional virtual hospital where patients can visit using avatars that can also
Metaverse
Amid all the action from big tech companies around the metaverse, the University of Surrey is creating a new academy to focus on research applications for blockchain and the burgeoning metaverse industry. The Dean of the Surrey Business School, Professor Steve Wood, admitted that blockchain technologies are powering a new
Metaverse
The parent company of Facebook, Meta, has announced plans to shut down its Novi wallet pilot project and money-transfer service. According to a notice on its official website, the pilot which launched last year will stop operating on Sept 1 and will prevent users from adding funds starting July 21.
Metaverse
During the MetaDecrypt Web 3.0 Summit held on Sunday, Sharad Agarwal, the Chief Metaverse officer of Dubai metaverse company “Cybergear,” discussed issues concerning the region’s metaverse ambitions. Agarwal revealed that the government of Dubai plans to allow some of its departments to use the metaverse. This will reportedly
Metaverse
Earlier this month, DEIP, an ecosystem that connects Web3 with the creator economy, officially launched its DEIP Metaverse City. The metaverse has been touted as the next trillion-dollar industry, with analysts predicting that the market could reach $13 trillion by 2030. It, therefore, comes as no surprise that there has
Metaverse
Over the weekend, Yuga Labs sold 55,000 NFTs tied to its upcoming Otherside metaverse. The highly-anticipated mint generated nearly $320 million for the company, but that was not all. High demand for the NFTs clogged the Ethereum mainnet and sent gas prices to shocking heights. Moreover, Yuga Labs raked
Video game maker Sega is embarking on a five-year plan to create an interconnected framework of AAA titles that could incorporate Web3 technologies. Commenting on the decision to create “Super Game,” Sega’s producer Masayoshi Kikuchi said in a translated interview that “it is a natural extension for the future
In a possible metaverse play, Chinese e-commerce giant Alibaba Group Holding Limited has led a $60 million Series C+ funding round for augmented reality glasses maker Nreal. According to Nreal, the plan is to channel the funds into bolstering research and development, as well as accelerate its domestic and global
Metaverse
Back in January, South Korea voiced its plans to become the fifth-largest metaverse market by 2026. A month later, the government pledged 223.7 billion Korean won ($186.7 million) to create a broad metaverse ecosystem dubbed “Expanded Virtual World.” Seoul has continued to follow up with its metaverse plans,
NFT News
A number of veteran video game developers have jumped on the NFT bandwagon, and today, Block Tackle announced that it had raised $5 million to develop a Solana-based skateboarding game. Block Tackle is a Web3 gaming startup studio co-founded by Ben Topkins and Rob Oshima. The duo were previously contracted
ETC Group recently announced the launch of ETC Group Global Metaverse UCITS ETF, a metaverse-themed exchange-traded fund (ETF) in conjunction with HANetf. The new Metaverse ETF lists today on the London Stock Exchange and will be up for sale across Europe, making it the region’s first metaverse ETF. METR
NFT News
The world's second-largest payments processor, American Express, is finally joining the likes of JP Morgan, Visa, and MasterCard in exploring Web3 applications of its IP where some major banks have hesitated so far. The company has filed seven trademark applications linked to virtual services and its iconic Centurion
Metaverse
Iconic fashion house Gucci has bought a virtual land in The Sandbox and will begin building a world on the metaverse platform. Gucci made the announcement on Twitter and on Discord group with 73,000 members. Crafting the future, pixel by pixel. Vault is building its own virtual world on
Metaverse
With the metaverse rising to become the future of meetings and partying, McDonald’s has tapped on the tech to usher in the Lunar New Year. The fast-food company teamed up with Humberto Leon, the co-founder of fashion brand Opening Ceremony, to create a collection of zodiac animals. This is
Metaverse
The metaverse is not just going to be the future of workplace meetings. It is also primed to become the “future of partying,” according to pop-culture princess and OG influencer Paris Hilton. Earlier this week, Hilton appeared as a guest on the ‘Tonight Show’ hosted by Jimmy Fallon. She spoke