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Meta to Open 10 Metaverse Campuses as Part of $150 Million Immersive Learning Project
6.9.2022
Meta, the metaverse-focused social media company, is helping universities get their own virtual reality campuses online. The company will be opening 10 virtual campuses as part of its Immersive Learning project, which seeks to take education to virtual reality environments. In partnership with...
Nigeria Plans to Create a Virtual Free Zone With Binance Crypto Exchange
5.9.2022
The west African country has held discussions with Binance about creating something similar to Dubai’s virtual commercial city
Report: Chinese Metaverse Industry Raises $780 Million in Funding
5.9.2022
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting...
Nigeria, Binance in early-stage talks for crypto-friendly economic zone
5.9.2022
The proposed partnership aims to build a crypto-friendly digital city similar to the virtual free zone in Dubai
Report: 11.4% of UAE Residents Have Invested in Cryptocurrencies
4.9.2022
Just over 11% of United Arab Emirates (UAE) residents have invested in cryptocurrencies, a report issued by the country’s Telecommunications and Digital Government Regulatory Authority (TDRA) has reportedly said. Globally, the United Arab Emirates is now ranked tenth in terms...
TEN Finance Partners USM Metaverse to Launch Virtual HQ
2.9.2022
TEN Finance recently announced a partnership with Radio Caca. The collaboration will allow TENizens to interact with the TEN ecosystem in the Metaverse. Currently, USM Metaverse possesses 630,000 Twitter followers, 100,000 Discord members, and 300,000 Telegram members. It is also the largest...
Georgia to Update Crypto Regulations to Incorporate EU Rules, Legalize Industry
1.9.2022
The government of Georgia has approved amendments to the legal framework for the Caucasian nation’s financial sector, including additional regulations for crypto and fintech activities. The move aims to align Georgian law with relevant EU provisions. Parliament of Georgia to Vote on Crypto...
A16z proposes a set of licenses especially for NFTs, based on Creative Commons model
31.8.2022
The six licensing templates devised by VC firm Andreessen Horowitz are irrevocable and amendable, and give creators the power to set five variables for the future use of their works
Dubai Regulator Announces Virtual Assets Marketing and Advertising Guidelines
29.8.2022
The Dubai virtual assets regulator, the Virtual Asset Regulatory Authority (VARA), has unveiled digital assets marketing and promotion guidelines that are applicable to any entity using Dubai-based media sites and publishing channels. The guidelines will “ensure factual accuracy, explicitly...
NearPay Launches Virtual Crypto Cards, Wallet for iOS and Android; Physical Cards to be Launched 'Soon'
26.8.2022
Seeking to bring what the company describes as "the modern digital banking experience" to the cryptosphere, crypto finance protocol NearPay has launched virtual crypto cards and its wallet for iOS and Android.
The service is currently available to residents of the European Economic Area (EEA)...
Creo Engine to Establish a Virtual Headquarters in Bloktopia
24.8.2022
Creo Engine recently announced joining hands with Bloktopia, a decentralized metaverse by Polygon. The collaboration will see Creo Engine launching its virtual headquarters on Bloktopia. In addition, the Web3 platform will also bring its Guild and GameFi partners into the metaverse. These partners...
Australia to Stocktake Crypto Holdings Ahead of Regulation
23.8.2022
Australia intends to do a virtual stocktake of cryptocurrency assets held by its citizens, the new executive power in Canberra announced this week. The move is viewed as an indication that the center-left government plans to regulate the country’s crypto space. Treasury Embarks...
Report: Investment Management Giant Invesco Launches Metaverse Fund
23.8.2022
The investment management giant Invesco has launched a metaverse fund that will invest in a myriad of startups focused on metaverse technology, a Citywire report detailed on Monday. “We will seek to capitalise on these opportunities through a highly selective, valuation-conscious...
South Korean financial majors want to create virtual assets exchange in 2023: Report
22.8.2022
Samsung Securities, Mirae Asset Securities and Shinhan Financial Investment are among the financial heavyweights in talks with the government to create the exchange
Mark Zuckerberg to Overhaul Meta’s Metaverse App Horizon Worlds After Criticism of Its Simple Graphics
22.8.2022
Meta CEO Mark Zuckerberg has decided to overhaul the company’s flagship metaverse app Horizon Worlds after it received heavy criticism due to its graphic simplicity. The backlash was received as a consequence of one of the selfies of Zuckerberg’s avatar in Horizon Worlds presented...
Metaverse still not ready for virtual weddings and legal proceedings
13.8.2022
Since the legislative framework surrounding the Metaverse is quite gray, experts still don’t see the technology being used to settle legal issues
Soccer Clubs FC Barcelona and Real Madrid File Joint Trademark Application for Metaverse Activities
13.8.2022
Two of the biggest soccer clubs in Spain, Real Madrid and FC Barcelona, have applied to receive trademarks for some elements in the metaverse. The clubs have introduced an application that encompasses different activities and services that they can conduct in the metaverse, including...
Upland Sustains Mass Market Readiness With All-Inclusive Economy
12.8.2022
Upland is a mobile-first blockchain metaverse that allows users to buy virtual properties based on real world addresses, build on those properties to increase their value, and sell them to increase their virtual real estate portfolio. Upland has the unique position to attract mass markets due...
UAE Now Requires Agents to Report Real Estate Transactions Where Virtual Currency Is Used as Payment
12.8.2022
The United Arab Emirates (UAE) has said it now requires real estate agents, brokers, and law firms to report to the Financial Intelligence Unit real estate transactions in which virtual currency is used as payment. Similarly, real estate purchases or sales where “the funds used in...
20000% in One Minute on Play to Earn Game Tothesmart
11.8.2022
PRESS RELEASE. The crypto enthusiast has got 10,032 BUSD into their wallet by buying virtual miners in the Play To Earn game Tothesmart for only 50 BUSD. Real lotteries on the blockchain are gaining popularity around the world. The project Tothesmart has implemented an exciting mechanism...