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New York Mayor urges state to abandon ‘stifling' BitLicense scheme
28.4.2022
“We have to continue to be competitive” the mayor said in a keynote interview at a London crypto conference where he suggested scrapping the states’ BitLicensing requirement
Meta Reports Loss of $3B on Augmented/Virtual Reality Operations in Q1
27.4.2022
The company formerly known as Facebook also reported revenue of $695 million the quarter for the recently broken out division
Gibraltar rolls out new virtual asset regulation to combat market abuse
27.4.2022
The document will require crypto companies to seek and prevent insider trading and market manipulation
Kraken Becomes First Global Crypto Exchange Fully Licensed by Abu Dhabi Global Market
27.4.2022
Abu Dhabi Global Market has awarded a full financial license to crypto exchange Kraken. “Kraken will be the first global virtual assets exchange group in the UAE to offer investors the ability to invest, trade, withdraw and deposit virtual assets (bitcoin and ether) directly in local...
Tokens․com Makes a Big Metaverse Move into SuperWorld
26.4.2022
PRESS RELEASE. The Web3 Investment firm has purchased 40 NFT plots of virtual real estate on the SuperWorld platform. From companies like Apple and Facebook to brands like Puma and Gucci and beyond, suffice it to say the Metaverse is becoming the new frontier for commerce and community. And right...
Standard Chartered Bank Enters the Metaverse
26.4.2022
Standard Chartered Bank has become the latest major bank to enter the metaverse. The bank has acquired “virtual land at The Sandbox metaverse’s Mega City district, a culture hub based on or inspired by Hong Kong talents.” Standard Chartered Bank Forays Into the Metaverse...
Meta will open physical metaverse-themed store in San Francisco Bay Area
25.4.2022
The store, which will be located on the company campus in Burlingame, California, will feature a wall-to-wall curved LED screen that displays what users see using Meta VR headsets
Can You Truly Own Anything in the Metaverse? Blockchains and NFTs Don’t Protect Virtual Property
24.4.2022
João Marinotti, Associate Professor of Law, the Indiana University.______
In 2021, an investment firm bought 2,000 acres of real estate for about USD 4m. Normally this would not make headlines, but in this case the land was virtual. It existed only in a metaverse platform called The Sandbox....
Report: Japanese Carmakers Toyota and Nissan Enter the Metaverse
24.4.2022
Two Japanese carmakers, Nissan and Toyota, have launched operations in the metaverse. Nissan’s virtual showroom can host vehicle launches and other events, while Toyota’s workspaces are being used to hold employee meetings. ‘Limitless Possibilities’ Japanese carmakers...
NFT Project Tori Zero Announces a Strategic Partnership With Wirex
23.4.2022
PRESS RELEASE. On 22 April, Tori Zero announced the strategic partnership with Wirex. The first collaboration will focus on a new product developed by Wirex – the Wirex Wallet. Tori Zero will be the first group of NFT projects integrated into this new wallet. Tori Zero is the first virtual...
Study: 25% of US Crypto Investors Either Own or Plan to Acquire Land in the Metaverse
23.4.2022
A new study has found that 25% of U.S. cryptocurrency investors own or rent land in the metaverse, or plan to acquire the same. Out of four generations, the Baby Boomer generation has the highest (18%) proportion of crypto investors interested in owning or renting land in the metaverse. Gen Z Less...
What’s New in Megaverse: Developments, Updates and More
21.4.2022
PRESS RELEASE. Celebrity-fan interaction in the metaverse is at its nascent stage. However, a few recent past events are tell-tale signs of a tectonic shift happening on the fan-engagement front. It’s moving from Web 2.0 to Web 3.0 with metaverse as its building block. The Paris Hilton...
Nigerian Agencies Told to Stop ‘Demonizing’ Crypto Industry Players
20.4.2022
Nigerian public and law enforcement agencies have been urged to “stop the demonization” of the blockchain and cryptocurrency industry. According to an association that advocates for the risk-based regulation of the crypto industry, financial institutions should not use a Nigerian...
US Air Force files trademark application for 'SpaceVerse' initiative
19.4.2022
SpaceVerse was defined as “a secure digital metaverse that converges terrestrial and space physical and digital realities" as well as provides a simulated environment for training
BitLicensed Crypto Firms Ordered to Pay Annual Assessment Fees in New York
19.4.2022
The fees will bring virtual currency companies on par with those paid by banking and insurance institutions as a way for the state to recoup operating expense costs and “best support” the industry
UAE Airliner Emirates to Launch NFTs and Experiences in the Metaverse
18.4.2022
United Arab Emirates (UAE) airliner, Emirates, has announced plans to launch non-fungible tokens (NFT) and experiences in the metaverse for its workers and customers. The launch aligns with UAE’s digital economy and virtual assets initiatives. First Projects Already Underway The UAE airliner...
Oman to Incorporate Real Estate Tokenization in Virtual Assets Regulatory Framework
17.4.2022
Real estate tokenization is set to be incorporated into Oman Capital Markets Authority (OCMA)’s virtual asset regulatory framework. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Real Estate...
Texas regulators order virtual casino to stop selling NFTs
14.4.2022
The State Security Board considers the sale of 11,111 NFTs a “high-tech fraudulent securities offering.”
Meta Opens Monetization Options to Users of Horizon Worlds
13.4.2022
Meta, the company formerly known as Facebook, is now launching a pilot project that will let users in Horizon Worlds, its VR metaverse platform, monetize their creations. This pilot will allow a number of users to collect payments for access to their created environments, or for virtual items sold...
Virtual Billionaires NFT Collection by Forbes Is Ready for Launch
12.4.2022
Non-Fungible Tokens, popularly known as NFTs, are digital assets owned by the original creator. They are traded or exchanged at an NFT marketplace, and Non-fungible tokens hold unique properties that a single holder can only own at a time. They can be traded in the marketplace for a particular...