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Disney to Acquire $1.5 Billion Stake in Epic Games, Aims to Create Joint Metaverse
12.2.2024
Disney, one of the biggest entertainment companies, has decided to acquire a $1.5 billion stake in Epic Games, makers of the known persistent metaverse platform Fortnite. The companies will collaborate to develop a metaverse featuring Disney-owned intellectual properties (IPs) which will benefit...
Web3 Importance Highlighted in Alex Tapscott’s New Book
9.2.2024
A research report published by Spherical Insights & Consulting found that the global Web3 market size was valued at $1.82 billion in 2022. According to the report, this number is expected to reach $67.92 billion by 2032. Yet while the potential behind Web3 is massive, confusion remains when...
Decentraland on expansion spree; pushing mobile and VR capabilities
9.2.2024
Following the DAO grant and the Protocol Team’s testing of other game engines, Decentraland will soon be available on more platforms. This will help to strengthen its future foundations and foster business-oriented ingenuity. As the year 2024 approaches, the primary goal of the decentralized...
BIS Warns Against Unregulated Metaverse: A Call to Prevent Fragmentation and Corporate Control
8.2.2024
The Bank of International Settlements (BIS) has published a report calling on regulators to “future proof” themselves against the adverse effects of an unregulated metaverse on the digital economy. The 31-page report warns that future money and virtual environments run the risk...
Disney Invests $1.5 Billion in Epic Games to Create New Virtual World tied to Fortnite
8.2.2024
Entertainment giant Disney and video game developer Epic Games have joined forces to build a new immersive virtual universe tied to Fortnite. In a recent press release, Disney said it also plans to invest $1.5 billion to acquire an equity stake in Epic Games alongside the multiyear project. While...
Apple Vision Pro Not The ‘New Frontier For Masturbatory Technology’ After All
5.2.2024
Apple Vision Pro, the massive tech company’s foray into the VR headset space that hit stores just a few days ago, is very expensive. It’s an impressive piece of tech (hence the price tag), that you can use for working from home (by virtually pinning windows all over your house, take that...
Victoria VR Aims to Be the First Crypto-Related App for Apple’s Vision Pro
5.2.2024
Victoria VR is slated to become the inaugural crypto-related application for the Apple Vision Pro. With a focus on active user engagement and a blockchain-based economy, the game will have to navigate the challenges posed by App Store policies as it relates to applications involving crypto....
Apple Vision Pro Launches with Blockchain-Based Metaverse Game – Next Big Thing?
3.2.2024
Apple’s highly anticipated headset Vision Pro has an upcoming metaverse app from a blockchain-related company. Victoria VR, a crypto-meets-virtual reality (VR) developer, aims to offer an immersive metaverse experience with ultra-realistic graphics, complementing the advanced technologies...
Taproot Wizards Postpones ‘Quantum Cats’ Mint for the Third Time Amid Technical Setbacks
2.2.2024
Technical difficulties have led Taproot Wizards to delay the minting of their “Quantum Cats” Bitcoin Ordinals collection for a third time. The team’s efforts to address unforeseen challenges and ensure a flawless minting experience have pushed back the launch date. Taproot...
Apple's 'Vision Pro' Set to Get First Crypto-Focused Metaverse App From Victoria VR
2.2.2024
The app is set to be released in the second qaurter and the token VR has already surged 60% in last 24 hours
Meta’s Reality Labs Reports $4.65 Billion Operating Loss in Q4 2023 as Metaverse Efforts Continue
2.2.2024
Meta subsidiary Reality Labs, which focuses on the development of the metaverse, recorded a significant operating loss of over $4.6 billion in the fourth quarter of 2023. In its fourth-quarter report, released on February 1, Meta revealed that Reality Labs reported a loss of $4.65 billion during...
AI Tokens Up After Meta Beats Analyst Expectations
2.2.2024
Mark Zuckerberg's Meta said it was pivoting away from Metaverse to Artificial Intelligence in early 2023
EA eyes metaverse to boost sports game engagement!
1.2.2024
The Electronic Arts (EA) company plays an important role in the gaming industry. It extensively studies the top user-generated content themes and how they drive player engagement with its many sports games. In a recent conference with investors, EA CEO Andrew Wilson discussed his future plans...
ERM LABS introduces The Wonder World
31.1.2024
ERM LABS has introduced its first escape room IP, The Wonder World. It has been architected in association with The Sandbox with captivating gameplay experiences. The collection comes with a total of seven such experiences. The idea is to replicate all the wonders of the virtual world, starting...
‘Quantum Cats’ Launch Faces Technical Glitches, Taproot Wizards Postpones NFT Sale
30.1.2024
“Quantum Cats” Bitcoin NFTs was marred by technical issues, forcing the company to postpone the sale. Despite an initially successful minting of nearly 1,000 cats, server overload led to an unexpected delay, causing frustration among eager buyers. ‘Quantum Cats’ Bitcoin...
Bitcoin ETF Spot will boost Web3 and GameFi sectors, says RACA
29.1.2024
Bitcoin ETF spot trading has emerged as a boom for blockchain gaming. Ever since its approval, the ETF has reignited the popularity of blockchain games. Yat Siu, the founder of Animoca Brands, recently discussed the same. USM or RACA also believes that the Bitcoin ETF will boost key sectors, such...
Interpol Publishes Report on Crime in the Metaverse
29.1.2024
The International Criminal Police Organization, known as Interpol, has issued a report that examines the metaverse from a law enforcement perspective. The report considers illegality in the metaverse, including metacrime, metaverse forensics, governance, and the opportunities it presents for using...
Ordinals ‘Genesis Cat’ Fetches $254K in Sotheby’s Auction
24.1.2024
“Genesis Cat,” a 1-of-1 digital artwork in the Quantum Cats collection on the Bitcoin blockchain, has achieved a remarkable sale price of $254,000 along with several other notable sales at a recent Sotheby’s auction. ‘Genesis Cat’ Fetches Over Quarter Million...
China Pushes Metaverse Standardization Group to Establish the Rules of the Yuanverse
23.1.2024
The government of China has announced the creation of a metaverse standardization working group to establish different rules to govern the Chinese Yuanverse platform. The standardization group will be integrated by Chinese universities, government institutions, and companies like Tencent, Huawei...
Unstoppable Domains and The Sandbox Partner to Launch New Metaverse Experience + More Crypto News
22.1.2024
Get your daily, bite-sized digest of blockchain and crypto news – investigating the stories flying under the radar of today’s news. In this edition: Unstoppable Domains Partners with The Sandbox to Launch Metaverse Experience Stablecoin Trading Volumes Increased 27% in December, Highest Level...