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Citi calls out potential risks of crypto-backed mortgages and benefits of metaverse property
29.6.2022
"Ultimately, the cryptocurrency may be liquidated if the collateral value falls below a certain threshold, such as 35% of the property value,” said the report
Game Maker Fund Releases the Valley of Belonging by the Sandbox
29.6.2022
Game Maker Fund, supported by The Sandbox, releases The Valley of Belonging. The recent venture brings a diverse experience to the metaverse, where every background and identity is celebrated. The Sandbox proudly showcases its support for freedom, diversity, and pride of expression and identity...
KPMG enters the metaverse, invests $30M in Web3 employee training
28.6.2022
The long-term objective for the company is to examine other potential metaverse use cases such as health care, consumer, retail, media and financial services
Cryptoys Raises $23 Million to Mix NFTs, Gaming, and Virtual Toys
28.6.2022
Cryptoys, an NFT-based startup, announced it has raised $23 million in a Series A funding round led by a16z. The company, which seeks to mix NFTs with the world of gaming and virtual toys, will create what it calls a “cryptoyverse,” in which it will also implement play-to-earn...
Metaverse can’t be built on the corporate business model, says EY innovation lead
27.6.2022
Jones believes the established firms need to focus on community engagement first before jumping on a trend like NFTs
Meta Launches Meta Pay, a Metaverse Dedicated Digital Wallet
27.6.2022
Meta, the metaverse-based platform, has announced the launch of a new wallet directed to support value interaction in the metaverse. Meta Pay, a rebrand of the former Facebook Pay service, will keep fulfilling the same functions that Facebook Pay did in the past, but will be developed as...
Metaverse fractional ownership to form similarly to property loans: Casper exec
27.6.2022
Ralf Kubli said that smart contracts can create fractionalization agreements and divide plots of metaverse land that can be leased out individually
Looking Into the Evolution of NFTs: Why is Integration With the Metaverse the Next Big Thing?
27.6.2022
Non-fungible tokens (NFTs) have come a long way since the debut of Crypto Kitties back in 2017; at the time, only a handful of people within the crypto ecosystem understood how they worked and the underlying potential. Half a decade down the line, this nascent industry enjoys massive support from...
Catalonia is building its own metaverse, says innovation minister
27.6.2022
The government is hoping to make Barcelona a digital hub by offering various skills programs to university students and boot camps to cultivate talent
XCarnival Hacker Accepts ETH 1,500 Bounty and Returns Remaining ETH 1,467
27.6.2022
The hacker of XCarnival, a lending aggregator for metaverse assets, has accepted a bounty of ETH 1,500 (USD 1.85m) in exchange for the return of the remaining ETH 1,467 (USD 1.8m) and the team not pursuing legal actions.
Etherscan transactions show that the hacker has already sent ETH 1,467...
Tencent Launches Extended Reality Unit to Tackle the Metaverse Market
27.6.2022
Tencent, the Chinese technology and entertainment giant, announced the creation of its own metaverse-driven division. The division, named the extended reality unit, will be the one tasked with encompassing all metaverse-driven efforts, including hardware and software developments. According...
Mark Zuckerberg Expects Billions of People to Use the Metaverse Generating Massive Revenue for Meta
27.6.2022
Mark Zuckerberg, CEO of Meta, formerly Facebook, has shared how the metaverse will be a key part of his business and bring hundreds of billions of dollars in revenue. “Our playbook over time has been build services, try to serve as many people as possible,” said Zuckerberg. Mark...
Can Metaverse technology enhance human-AI efficiency?
25.6.2022
How will AI be used in the metaverse? Can AI and blockchain work together? A dive into the future of AI aligned with blockchain
Japanese Virtual IP Firm Raises $10 Million to Accelerate Metaverse Business
25.6.2022
Brave Group Inc., a Japanese virtual IP firm, recently said it had raised $10 million in new capital and that the company expects to use part of these funds to boost its “solution services for clients in the metaverse marketing business.” Taking part in Brave Group’s latest...
3 Prominent Metaverse NFT Coins for the Upcoming Month: RoboApe, Axie Infinity, & the Sandbox
24.6.2022
If you’re looking to invest in some new coins, here are three Metaverse NFT coins that are worth watching in the coming months: RoboApe (RBA), Axie Infinity (AXS), and The Sandbox (SAND). These blockchain networks are all doing great things, and their currencies will surely rise in value....
PlatypusFi Celebrates Its Merger With Defimons
24.6.2022
PlatypusFi recently partnered with Defimons under its initiative to enter the Metaverse. PlatypusFi has now announced that it is celebrating the merger with a giveaway contest where participants stand a chance to win 3x Early Access mint spots. Participants only have to follow PlatypusFi...
LasMeta Partnering With Apexaverse to Create a Poker Community
23.6.2022
LasMeta recently announced a partnership with Apexaverse to build the biggest poker community. The collaboration will also see competent projects becoming a contributor to its P2E poker game. This way, the projects will help different races to gather on a unified circuit and collaborate in games...
Meta, Microsoft, and Others Launch Metaverse Standards Group
23.6.2022
Meta, Microsoft, and 31 more companies have united to form an organization to promote the creation of open standards regarding metaverse tech. The institution, named the Metaverse Standards Forum, will focus on establishing standards to make each one of the metaverses on the internet interoperable...
Wire Network's new protocol aims to end Web3 interoperability woes
23.6.2022
The protocol promises to eliminate complexities seen with existing interoperability solutions and requires no bridges or oracles to integrate
A ‘very ambitious’ $100M Metaverse R&D hub is being built in Melbourne
23.6.2022
“We're really designing a whole world,” Two Bulls founder James Kane said about the role his business will play in the yet to launch metaverse