It’s no secret that TRON has been eyeing a foray into NFTs and digital collectibles for some time; only last week, Justin Sun was pipped to the punch to purchase Beeple’s NFT art collection at Christie’s. The TRON founder placed a last-minute bid that fell just short of the $69 million the work eventually went for.
More DetailsGame developer for PC and mobile devices Krafton partners with Solana Labs to develop blockchain-based games and services in the Metaverse world.
More DetailsNFT transactions are expected to reach $40 million by 2027 as the metaverse trend continues gaining steam, according to a report by Juniper Research.
More DetailsYuga Labs, known for Bored Ape Yacht Club, has agreed to acquire Roar Studios, enhancing its metaverse vision.
More DetailsDiscover BNB Chain's strategy for onboarding 1 billion Web3 users, bridging the decentralized tech gap, managing transaction costs, and future platform developments in our exclusive interview.
More DetailsChina's crackdown on overseas telecom fraud emphasizes legal action against crimes using blockchain, crypto, metaverse, and AI, aiming to protect public interests.
More DetailsMcDonald's Hong Kong has teamed up with The Sandbox to create the first Web3 experience platform. This partnership has resulted in the launch of "McNuggets Land", a unique metaverse gaming experience that marks the 40th anniversary of McNuggets.
More DetailsCSOP Asset Management Limited is set to launch Hong Kong's first Metaverse exchange-traded fund on February 21, 2022, according to the company's disclosure document.
More DetailsCME Group and CF Benchmarks will launch reference rates for Axie Infinity Shards AXS, Chiliz (CHZ), and Decentraland's MANA. Sector-specific portfolios may be priced using reference rates and indices. CME Group introduced Bitcoin and Ether options last year.
More DetailsWeb3 Metaverse Innovations Pty Ltd, or Web3-MI, an Australian-based crypto consultancy group, is at the forefront of creating CryptoVillages, a play-to-earn game, to boost the gaming experience.
More DetailsAfter Facebook has announced to change its name to "Meta" last summer, the whole world has focused on a term called "Metaverse". The word "Metaverse" has been searched in Google and Youtube every day. However, Meta is not a decentralized organization that is not a Decentralized Autonomous Organization (DAO), a Web.30 concept, and GameFi players may not like it.
More DetailsDarewise Entertainment raised US$3.5 million via a token pre-sale on 17 October 2023, ahead of its Bitcoin metaverse ecosystem token launch, aimed at enhancing the development of its game Life Beyond. With significant backing from notable investors and strategic support from Horizen Labs for a 2024 token release, the project marks a substantial stride toward creating a Bitcoin-powered gaming metaverse.
More DetailsPricewaterhouseCoopers (PwC) Hong Kong and Metaverse Technology Company TerraZero Enter into Collaboration to Explore Metaverse Products and Services.
More DetailsEpic Games CEO Tim Sweeney dismissed a recent article from Business Insider claiming that the Metaverse is "dead" and that virtual worlds have been abandoned by the business world. Sweeney cited the 600 million users across virtual world platforms as proof of the Metaverse's continuing relevance.
More DetailsWeb3 and metaverse infrastructure firm InfiniteWorld has acquired Super Bit Machine to provide best-in-class experiences in the metaverse world by incorporating multiplayer and real-time game development abilities.
More DetailsAs residents in Hong Kong struggle to purchase physical property, The Sandbox's virtual assets could be a lucrative investment opportunity for many.
More DetailsCyrus Mewawalla believes that tech companies whose operations extend into the metaverse and crypto will end up in gains at the end of the year, despite the massive uncertainties that might be experienced in the stock market this year.
More DetailsIn its latest funding round, digital entertainment, blockchain, and gamification outfit, Animoca Brands announced it has raised the sum of $75 million.
More DetailsMastercard has filed for 15 trademarks related to NFTs, crypto and metaverse.
More DetailsSHIB Inu team member Lucie announced upcoming developments on Twitter, including bone contract renouncing, Shibaswap 2.0, $TREAT, Shibahub, and Metaverse. She emphasized the team's focus on technology and its evolution, avoiding price pumping and emphasizing community cohesion and positivity.
More DetailsAnimoca Brands, a Hong Kong-based developer of blockchain gaming technology, has reduced its target for its metaverse fund by 20% to $800 million due to volatility in the crypto sector. The company's market capitalization has also fallen from $6 billion to below $2 billion, signaling a change in sentiment in the crypto industry.
More DetailsOn Dec. 15, 45,000 self-themed trading cards were released for $99 apiece. The collection has generated approximately $1.2 million in secondary sales. Sewer Pass NFT transactions on secondary markets are strong. #NoNeoNFT emerged when the company's Solana network NFT collection failed. NUS claims the HaptGlove simulates touch and grip more realistically than conventional gloves.
More DetailsTurkey's President has instructed officials of the ruling Justice and Development Party (AK Party) to conduct work on new developments, including metaverse.
More DetailsA piece of virtual real estate in Decentraland was sold for a record value of $2.4 million in cryptocurrency, according to Reuters.
More DetailsWith a mildly volatile weekend done with, investors are looking forward to another new week in hopes of charting a positive trade history across all markets. Here are three altcoins to watch ahead of the new week.
More DetailsPremier League Champions, Manchester City, is making plans to build a replica of the Etihad Stadium in the metaverse.
More DetailsSFLMaven, a luxury jewellery and goods provider, has started accepting Bitcoin payments in the real world and the metaverse for high-end vintage jewellery items.
More DetailsTencent reportedly will launch services for supporting the virtual space "Metaverse" business to Japanese companies before February.
More DetailsWith NFTs continuously taking the world by storm, these digital assets are perfect for fashion in the metaverse, according to Amrit Dhami, a thematic analyst at GlobalData.
More DetailsPhil Spencer, the CEO of Microsoft Gaming, highlighted that gamers nowadays do not really understand the thrill of the metaverse “because the technologies proponents claim as novel are ones they have experienced in games for years.”
More DetailsBIS emphasizes the need for interoperable payment technologies and robust regulatory framework to prevent metaverse fragmentation and private interests dominance, emphasizing Central Bank Digital Currencies' importance.
More DetailsThe initiative will consist of free digital identities, educational streams, online courses, in-person networking, and more to bring more women in Africa into Web3 and the metaverse
More DetailsBinance is putting in a fresh $5 million investment in metaverse gaming startup Ultiverse, after leading a $4.5 million seed investment a week earlier for the firm.
More DetailsKuCoin Labs, the incubation and investment arm of crypto exchange KuCoin, has launched an incubation program with Univers Network to aid the exploration of the Web3 space.
More DetailsYeeha Games, a $50 million-funded GameFi platform backed by crypto exchange Bybit, has entered the Web3 world to act as the bridge between gaming and finance (GameFi) and traditional gaming.
More DetailsFlipkart has launched the Flipverse campaign to enable to Indians shop in the metaverse
More DetailsUsain Bolt, the 8-time Olympic gold medalist and 11-time world champion, has teamed up with Step App to take fitness and exercise a notch higher by incorporating Web3 and the metaverse.
More DetailsTo expand the blockchain ecosystem, UAE-based venture capital firm Cypher Capital has launched a $100 million seed fund with a special interest in digital asset investments.
More DetailsAdvocacy groups, including Airplay and Common Sense Media, have written to Meta CEO Mark Zuckerberg calling for the company to halt its plans to allow minors onto its metaverse app, Horizon Worlds. They argue that Meta must first assess the potential risks of allowing youth on the app, citing concerns around harassment and privacy violations.
More DetailsHave you ever thought about getting married virtually? An Indian couple decided to arrange their first wedding of its kind in the metaverse.
More DetailsSBI Holdings plans to invest 100 billion yen in startups focusing on Web3, AI, and metaverse, with financial institutions supporting Japan's goal to nurture its startup ecosystem and enhance its Asian startup hub position.
More DetailsMeta's Facebook Reality Labs division has reported a third-quarter loss of over $3.7 billion, making only $285 million, according to its earnings report released on Wednesday.
More DetailsThe Shanghai Municipal Science and Technology Commission announced today the release of its "Shanghai Metaverse Key Technology R&D Plan (2023-2025)".
More DetailsWilliam Quigley, the co-founder of the stablecoin- Tether (USDT), said the business model would undergo radical changes in the future. The delivery of non-fungible tokens (NFTs) will become the revenue model of Metaverse and Crypto.
More DetailsThe metaverse hosted Colombia's Magdalena Administrative Court's February 15 session. Maria Quinones, the court's Magistrate, called it "realer than a video call."
More DetailsColombia's Magdalena Administrative Court conducted a trial in the metaverse on February 15, with participants appearing as avatars in a virtual courtroom. The trial involved a traffic dispute brought by a regional transport union against the police and lasted two hours. The verdict could also be given in the metaverse. Colombia is one of the first countries to test legal proceedings in the metaverse.
More DetailsAbhinav Purohit, Huawei Middle East's Chief Business & Strategy Consulting Expert, made the remarks. A metaverse is a shared virtual realm that lets remote users have realistic, spatially aware experiences. As of August 2022, GSA data shows 501 operators in 153 countries and territories investing on 5G.
More DetailsSnow Crash-inspired NFTs will also be auctioned.
More DetailsSingapore-based venture capital Blockchain Founders Fund (BFF) has announced the launch of a new Venture Capital Fund II to support emerging projects in the cryptocurrency, Metaverse and Web3 space.
More DetailsBarcelona plans to enter into the metaverse landscape. The football club sees emerging technologies as a potential area that could enable it to shape its future shopping experiences and generate revenues.
More DetailsHong Kong's Regal Hotels Group has announced its entrance into the metaverse with project MetaGreen, scheduled for completion by October 2022.
More DetailsMetaverse developers have collaborated to form the DAO Metaverse called "Open Metaverse Alliance for Web3" (OMA3), aiming to provide enterprises with new decentralized business models.
More DetailsWhy there are so many big names entering the Metaverse? It is probably because of fear of missing out.
More DetailsYahoo plans to launch a series of metaverse activities in Hong Kong to explore the use of immersive advertising technologies.
More DetailsPuma has entered the metaverse by launching an interactive space titled Black Station to showcase limited edition NFTs based on its sneakers.
More DetailsA recent survey by Metajuice found that 74% of NFT collectors buy for status and uniqueness, while 13% plan to resell. Real Vision CEO Raoul Pal believes NFTs are becoming status symbols like luxury cars and houses.
More DetailsNeopets Metaverse announced to launch of a Metaverse product to enhance generational memories and experiences for Neopians and its users.
More DetailsAnimoca Brands is partnering with Cube Entertainment to build a metaverse and non-fungible tokens as K-pop has been taking the world by storm.
More DetailsAmerican tech giant Meta Platforms Inc hired Hollywood actress Keke Palmer to help drive the metaverse concept to the general public.
More DetailsMetaHollywood is building the largest online community within a Hollywood-themed metaverse following a joint venture between Animoca Brands and the Planet Hollywood Group.
More DetailsSocial media giant Facebook announced a two-year grant of $50 million to strengthen the interpersonal connection between reality and virtual reality, consumer hardware and promotion of Metaverse products' development.
More DetailsThe Major League Baseball is looking to fill a metaverse role to boost its engagement in the space
More DetailsKPMG has become the latest major corporation looking into the niche world of the metaverse, with the firm reporting a surge in interest. The move is an attempt by the firm to offer a more immersive experience to its millions of users across the globe.
More DetailsAmerican cryptocurrency exchange Gemini raised $400 million through growth equity financing, led by Morgan Creek Digital. Now it is valued at US$7.1 billion.
More DetailsAccording to US Trademark lawyer Mike Kondoudis, the Web3.0 and Metaverse trademark-related applications for this year have already surpassed the total recorded in 2021.
More DetailsThe Graph Foundation has awarded a $48 million grant to The Guild to help develop subgraph solutions to build the We3.0 ecosystem.
More DetailsThe HBAR Foundation launched a $250 million Metaverse Fund, which aims to integrate Hedera Hashgraph's Web3 metaverse world for consumer brands.
More DetailsMultinational corporations, including General Motors, Lacoste, and Walmart, have continued to file trademark applications in Web3, NFTs, and the metaverse, despite the broader market downturn. In February alone, General Motors filed for two new trademark applications covering Chevrolet and Cadillac brands, while Lacoste filed five trademark applications for "CHAMPS-ELYSEES." Walmart also filed trademark applications for the "SamsClub" name and logo. Even amid the bear market, record numbers of trademark applications have been filed for NFTs, metaverse, and crypto-related products in 2022.
More DetailsA new report from the Blockchain Game Alliance (BGA) showcases the majority of active developers about 52% in the space are concerned about the impacts of regulations in the near future.
More DetailsMeta Platforms has cut 11,000 jobs but is still committed to its metaverse pursuits
More DetailsThanks to a 7,200% surge in internet search volumes last year, the metaverse will be a revolutionary innovation that will reshape brand marketing, according to HashCash Consultants CEO Raj Chowdhury.
More DetailsTo optimize customer satisfaction rates, Emirates Airline has revealed plans to adopt advanced digital solutions, such as cryptocurrency, metaverse, and blockchain.
More DetailsProfessional drone racing League joins the Metaverse world by launching its first game on the Algorand blockchain in partnership with Playground Labs.
More DetailsA new survey is projecting the market value of the global automotive market at $1.9B by 2030
More DetailsThe Emirati City of Dubai has launched its Metaverse Strategy plan for the next five years. It hopes to increase the contributions from the digital currency ecosystem to $4 billion from its current $500 million.
More DetailsThe 2023 ISG Provider Lens™ report highlights the global transformation of finance and accounting departments due to COVID-19 lockdowns and remote work, relying on external providers for digital strategies and outcome-based contracts.
More DetailsA new UK government report delves into the complex realm of IP issues within the Metaverse, highlighting the lack of consensus on its definition and the IP challenges it poses.
More DetailsPCCW and HKT have become the first Hong Kong-based communications, media and technology (CMT) organisations to join the metaverse following a partnership with The Sandbox.
More DetailsQualcomm's fund will go to companies building the metaverse using augmented reality, mixed reality or virtual reality.
More DetailsSafety groups have written a letter to Mark Zuckerberg’s Meta, asking the social media giant to cancel its plan of allowing teenagers and young adults to join its metaverse app, Horizon Worlds. The groups argued that minors would face potential risks, including harassment and privacy violations on the virtual reality app.
More DetailsFilmmaker and creator of the classic American tech film Tron, Donald Kushner, and his Gumbotron production team teamed up with Forj, a subsidiary of Animoca Brands, to create a new metaverse called Cryptosaurs and launch a related NFT collection.
More DetailsOKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today debuted ‘Train Like Dias’ its first ‘OKX Collective’ immersive metaverse fan experience featuring OKX ambassador and Manchester City player Rúben Dias.
More DetailsAnimoca Brands denied reports of scaling back its metaverse fund target by $200 million and a decrease in valuation from $6 billion to $2 billion. The firm acknowledged the impact of banking collapses but stressed that fundraising is still ongoing.
More DetailsFacebook's parent company, Meta, is offering its metaverse developers salaries ranging from $600,000 to almost $1 million, despite billions in losses for its virtual reality suite. CEO Mark Zuckerberg remains committed to Meta's long-term vision of the metaverse, even after the division responsible for its development recorded its largest yearly loss of $13.7 billion.
More DetailsThe 16 Personalities idea is turning into non-fungible tokens (NFTs) and entering the metaverse for the first time through the XVI Citizens project.
More DetailsBeijing has announced plans to accelerate the development of metaverse within all its corresponding districts.
More DetailsInvesco has launched the fund to invest in startups building the metaverse. The fund will invest in large, medium, and small-scale businesses worldwide.
More DetailsIn addition to its ongoing Flag sale, Affyn is advancing its NEXUS World metaverse, revealing Singapore as the inaugural metaverse city of Affyn’s NEXUS World. The first metaverse city features 2,000 plots of Freehold Land NFTs, with many more cities to be unveiled in the coming months.
More DetailsSamsung Electronics has revealed plans to make the metaverse more accessible by developing innovative devices as it sees it as a new business model.
More DetailsThe US branch of the world-leading Binance exchange, Binance.US, is opening an office in Portals, the Metaverse platform on the Solana blockchain.
More DetailsBanking giant Standard Chartered has entered the metaverse with The Sandbox to build a virtual space for its clients and supporters.
More DetailsThe metaverse is likely going to see an exchange-traded fund from ProShares, according to a Tuesday filing with the U.S. Securities and Exchange Commission, Bloomberg reported.
More DetailsAmerican automobile giant Ford Motor Company is making a grand entry into the metaverse and Web3.0 ecosystem through its targeted trademark applications.
More DetailsBlockchain.News recently spoke to three industry leaders to explore NFT-linked security weaknesses and solutions. Experts suggest investors should always do their own due diligence before injecting funds into any project, no matter the hype.
More DetailsOne of the largest non-fungible tokens (NFTs) exhibitions in Asia titled "ARTAVERSE" will be hosted in Hong Kong starting on June 3.
More DetailsHSBC is leaping into the metaverse to engage with customers, increase sales, widen its social media reach, and demonstrate its relevance.
More DetailsMetaBlaze, a metaverse and blockchain-driven gaming company, will conduct its second ICO round on April 20 at 9 AM EST.
More DetailsMeta is reported to be building the world's fastest artificial intelligence supercomputer as part of the plans to build a virtual metaverse.
More DetailsThe Dubai Ajman Police has launched a capability to offer customer service through the metaverse. Interesting times are here
More DetailsHong Kong University of Science and Technology (HKUST) announced its intention to establish the world's first physical-digital twin campuses in the Metaverse.
More DetailsAtmos Labs Inc, a metaverse gaming protocol, has raised the sum of $11 million in seed funding, as it looks to double down on its metaverse development push.
More DetailsShiba Inu announced the launch of the Shiberse, a metaverse world that will be focused on redefining the incentivization model for its growing community.
More DetailsAnimoca Brands has announced a partnership with Untamed Planet to develop and publish Untamed Metaverse, a game to help nature conservation efforts.
More DetailsKuCoin Exchange has announced it will launch virtual offices in a visually stunning virtual reality skyscraper called Bloktopia.
More DetailsAmerican Express could get into the field of metaverse and NFTs, which have become a key value driver within the financial industry.
More DetailsMitsui & Co., Ltd., a renowned Japanese trading company, has joined forces with Animoca Brands, a leading player in the Web3 industry.
More DetailsNissan has filed four new Web3-related trademarks in the US and is experimenting with auto sales in the metaverse in Japan. The trademarks cover its Infiniti, Nismo, and Nissan brands and include plans for virtual goods and a nonfungible token (NFT) marketplace. Nissan Japan is conducting a three-month "demonstration experiment" of its virtual store "Nissan Hype Lab," allowing customers to "study, consult, test drive and purchase Nissan vehicles" while in the metaverse. The company's moves are in line with other car manufacturers, including General Motors and Ford, who have also been actively filing trademark applications for Web3, crypto, NFTs, and the metaverse.
More DetailsA joint report by Aspen Digital and PwC titled "State of Digital Asset Custody - Understanding and implementing digital asset custody for institutional investors" reveals a rising demand for institutional-grade digital asset custody solutions among family offices, high-net-worth individuals (HNWIs), and external asset managers (EAMs) in Asia.
More DetailsMark Cuban may be a crypto fan and Bored Ape Yacht Club (BAYC) owner, but he sure is a big critic of metaverse land sales that is making the rounds today.
More DetailsThe Edit LDN, a global sneaker marketplace based in London, has entered the metaverse by developing a premium store to drive its innovation a notch higher.
More DetailsThe blockchain platform Neopin has established a partnership with Cube Entertainment, the largest entertainment company in South Korea, to jointly develop the DeFi ecosystem of the Metaverse blockchain.
More DetailsIn December 2022, CoinWire polled 10,000 crypto investors. 69% of respondents expected the metaverse to change social lifestyle with a new entertainment model, and 65% expected it to affect social activities.
More DetailsTikTok’s parent company, ByteDance is making moves to escalate its influence on this nascent ecosystem - metaverse - in the East.
More DetailsThe market of the Metaverse could triple China's online gaming market from $44 billion to $131 billion, according to a recent research report by JPMorgan Chase (JPM).
More DetailsJapan embraces the use ofweb3 related services like metaverse, NFTs, blockchain, as solutions to challenges facing the society.
More DetailsFTX CEO Sam Bankman-Fried on Saturday took to Twitter to break down the reason behind Zuckerberg rebranding his company Facebook to Meta and his intent to pump $10 billion every year into Meta.
More DetailsOn June 28, 2023, in Shanghai, China Mobile announced the formal establishment of the China Mobile Metaverse Industry Alliance during the Mobile World Congress (MWC) Shanghai 2023. This initiative marks a significant stride in China Mobile's strategic foray into the rapidly expanding metaverse landscape.
More DetailsBob Iger has become a new co-owner of Genies, as the metaverse firm raised fresh capital to accelerate its growth. Iger has made his first investment in the metaverse area.
More DetailsOKX, one of the world’s leading Web3 technology companies, today hosted an exclusive DJ set performed by Manchester City star Jack Grealish and legendary DJ Oliver Heldens in its OKX Collective metaverse.
More DetailsPayment giant Visa has filed two trademark applications to the United States Patent and Trademark Office (USPTO) concerning cryptocurrency wallets, NFTs, and the Metaverse.
More DetailsExclusive: Blockchain.News spoke to Keith Rumjahn, CEO of OliveX and Founder of DOSE token, to explore the potential development of a move-to-earn app and how cryptocurrency shapes the virtual fitness industry.
More DetailsDecentralized virtual gaming developer The Sandbox, a subsidiary of Animoca Brands, announced Thursday to roll out the first pop-up atelier in Hong Kong for the upcoming seasonal events.
More DetailsHong Kong's MTR Corporation has become the first global transport operator to join The Sandbox metaverse to create new and immersive experiences in the virtual world.
More DetailsAmerican technology giant NVIDIA is doubling down on its bet on the metaverse and is empowering creators with the launch of a new set of advanced tools.
More DetailsDubai has set the ball rolling to improve people’s lives and render creative solutions by positioning itself as the global capital of Web3 through its new blockchain and metaverse technology.
More DetailsThe new ETF offerings enable Fidelity investors to participate in the emerging digital assets ecosystem through exposure to related equity securities.
More DetailsBIGG Digital Assets plans to acquire TerraZero Technologies Inc. for $20 million, a metaverse company with a 161% growth in Q1 2023. TerraZero will create a subsidiary for BIGG, with TerraZero's CEO serving a 12-month term.
More DetailsAnimoca Brands CEO, Yat Siu sees the GameFi ecosystem as a major avenue to welcome people into the new economy the metaverse is creating
More DetailsCiti expects the metaverse to be worth between $8 trillion and $13 trillion by 2030, given that the exponential growth of NFTs has brought it to the limelight.
More DetailsOn June 27th, the Chinese media outlet Beijing Business Daily published an article titled "Bitcoin's Soaring Market Triggers Illegal Speculation Activities, OKX Resorts to 'Indirect' Marketing."
More DetailsEpic Games and LEGO Group have announced a long-term partnership to build a "family-friendly" Metaverse. The partnership comes shortly after Epic Games' $2 billion funding round aimed at accelerating the company's plans for the Metaverse.
More DetailsMy Neighbor Alice, the fully-decentralized open-world game, is proud to announce that its Chief Product Officer (CPO) has joined the board of directors of OMA3 (“Open Metaverse Alliance for Web3”).
More DetailsHong Kong-based LOST has launched the world's first escape room in the metaverse.\
More DetailsInterpol to create a new metaverse unit as it looks to combat online crime in grand style
More DetailsHealthcare giant CVS Pharmacy has filed for a new trademark with the intention of offering Non-Fungible Token (NFT) related products.
More DetailsThe UAE AI Office, in collaboration with Web3 tech firm OKX, has released a whitepaper on a "Responsible Metaverse Self-Governance Framework" to address the growing influence of the metaverse and the need for standardized operational guidelines. The report stresses international cooperation for establishing self-regulatory principles ensuring transparent, safe, and ethical metaverse operations.
More DetailsPolygon, a layer-2 scaling solution for Ethereum, has become the second-largest blockchain gaming network with 138,081 unique active wallets engaging in games in March. Polygon surpassed third and fourth-ranked Hive and BNB Chain, with Wax in the first place with 314,000 UAWs. Polygon's surge in user activity was primarily due to Hunters On-Chain, which saw a UAW increase of over 17,000% in the past 30 days alone. Polygon is gaining recognition as a gaming blockchain and has notched big-name partnerships such as Warner Music, Starbucks, and Adobe.
More DetailsMeta plans to invest 350,000 H100 GPUs by 2024, enhancing its AI infrastructure, training the Llama 3 model, and restructuring its organization to drive AI-driven innovation.
More DetailsCryptocurrency investment giant Grayscale released a report on Thursday stating that by 2025, the revenue of the virtual gaming world may grow to $400 billion.
More DetailsUnder a partnership with Galaxy Digital, Time Magazine will hold Ether as part of its corporate balance sheet and produce metaverse-related content.
More DetailsAs crypto jargon makes its way into everyday business, Bitcoin and Ethereum disrupt the traditional understanding of currencies and the use of DeFi in traditional banking is increasingly inevitable - the world of digital assets evolves and matures in unprecedented style. With Web3 having the ability to revolutionize how society interacts and tokenization transforming the concept of ownership, blockchain technology has more use cases than ever before. Increasingly, established industries adapt to these use cases and a future without digital assets becomes unthinkable.
More DetailsTaiwanese pop singer and musician Jay Chou has ventured into the meta-universe, earning nearly $10 million.
More DetailsThe South Korean government has invested 24 billion Korean won ($18.1 million) in a fund dedicated to driving metaverse initiatives in the country, with a total fund of more than 40 billion Korean won ($30.2 million). The Metaverse Fund will support the mergers and acquisitions of various firms in the metaverse ecosystem and help domestic metaverse-related companies compete with global players, as the government sees the metaverse as a new economic growth engine.
More DetailsThe pioneering social media giant, Facebook Inc, has rebranded its name to Meta as it seeks to foster the development of the metaverse, a term made famous by the current craze in the NFT ecosystem.
More DetailsThe Development Bank of Singapore Ltd, a multinational financial institution based in Marina Bay Singapore has proposed to secure land in the Sandbox metaverse
More DetailsThe Wiki Finance Expo, Sydney 2023, is Australia's largest fintech event, attracting over 3,000 attendees from various sectors. Supported by 200 institutions, media, and companies, it promotes regulatory security of cryptocurrencies and FX at the Fullerton Hotel Sydney.
More DetailsNEAR Protocol and South Korea's ZEP are partnering to improve user onboarding and enhance Web3 capabilities, using NEAR's blockchain network and ZEP's metaverse platform.
More DetailsSpeaking to Blockchain.News in an exclusive interview, Hong Kong-based graphic design and production start-up PANGU, a metaverse agency appointed by the Sandbox, provides one-stop-solution services for clients to establish and develop their own virtual land in the Metaverse.
More DetailsSong Young-gil, leader of the ruling Democratic Party, stated that the South Korean government should stop the crackdown on the crypto sector and start nurturing it instead.
More DetailsWith the metaverse expected to be worth between $8 trillion and $13 trillion by 2030, virtual world gaming platforms The Sandbox and FlickPlay have joined hands to enhance its adoption by offering players a blockchain asset.
More DetailsColor Star, a digital entertainment company whose shares trade on the Nasdaq stock exchange has announced its plans to unveil its first metaverse smartphone, DONO Phone.
More DetailsJapanese auto giants Nissan and Toyota have entered the metaverse, aiming at occupying a bigger proportion of the vehicles market.
More DetailsOMA3 has established working groups to start developing standards between metaverse platforms
More DetailsThe Sandbox has partnered with Ledger Enterprise to develop security integration for its partners. The collaboration will enable the migration of nonfungible token collections to the Ledger wallet, and The Sandbox will appear as a DApp on Ledger Enterprise.
More DetailsAmerican multinational holding company and global investment firm, Franklin Templeton has launched a metaverse-focused Exchange-Traded Product (ETP).
More DetailsDespite a significant downturn in the virtual world market and a drastic drop in metaverse land prices, the metaverse industry has attracted substantial investment in 2023. According to a recent report by DappRadar, venture capital funds have invested $707 million into metaverse projects this year.
More DetailsSensorium is announcing that the Sensorium Galaxy metaverse has entered its much-awaited VR multiplayer public playtest as it opens up access to more virtual reality and content features inside virtual worlds, while also laying out a new metaverse doctrine.
More DetailsSoutheast Asia’s largest financial institution, DBS, is reportedly eyeing a move into the metaverse, a trend that many banking giants are looking to become pioneers in.
More DetailsChinese mega unicorns are certainly investing in the metaverse, despite many firms are taking a cautious approach, given Beijing’s current crackdown on tech companies.
More DetailsThe U.S. Air Force (USAF) files a trademark application for "SpaceVerse" with the U.S. Patent and Trademark Office to expand military training into the metaverse.
More DetailsTsinghua University has launched China's first metaverse laboratory, dedicated to studying the growth and expansion of the new digital industry in the country.
More DetailsYuga Labs, the creators of the Bored Ape Yacht Club (BAYC) NFT collection, have won a legal battle against Ryder Ripps and Jeremy Cahen, the creators of the RR/BAYC NFT collection. Mandala Metaverse has chosen Polkadot to host its first major NFT drop, called the "Cryptonauts". Square Enix has partnered with Elixir Games to bring blockchain gaming to the mainstream. Cricket Stars, a multiplayer NFT cricket strategy game, has been launched on the Tezos blockchain.
More DetailsGiven the new CEO's emphasis on Web3's prospects, YouTube may undergo a Web3 shakeup.
More DetailsDubai is committed to growing the domestic digital asset sector, a local crypto regulator announced on Tuesday that it has created a virtual headquarters in The Sandbox metaverse platform.
More DetailsVenture capital firm Animoca Brands denies claims of reducing its metaverse fund target by $200 million and a significant drop in its valuation, citing inaccurate reporting. The firm acknowledges the impact of banking collapses on fundraising but states that the final amount raised for the fund is yet to be determined.
More DetailsOKX, the world’s second-largest crypto exchange by trading volume and a leading Web3 technology company, today launched “Make Your Play”, an immersive metaverse experience in which fans can attend an exclusive tactical football masterclass from Manchester City captain İlkay Gündoğan.
More DetailsUS retailer Walmart is actively engaging in Metaverse, with documents filed with the US Patent and Trademark Office late last month, showing that the company is preparing to create its own collection of crypto and NFTs.
More DetailsItalian luxury car manufacturer Lamborghini is launching its own Non-Fungible Token (NFT) collection to cement its foothold in the emerging digital art world.
More DetailsSpheroid Universe, a futuristic Metaverse that augments the real world in every part of the Earth, has announced the upcoming launch of artificial intelligence (AI) Avatars that will inhabit the world around us via augmented reality (AR). This ground-breaking development will deliver breakthrough opportunities across numerous business platforms - from e-commerce and retail to advertising, sales, general customer, and consumer interactions and more.
More DetailsMicrosoft CEO, Satya Nadella, unveiled a new AI-driven vision in his annual letter, emphasizing the integration of AI across all products and tech stacks. Highlighting collaborations like that with OpenAI and innovations like AI Copilot, Nadella showcased Microsoft's preparedness to lead in this new AI era. The discourse also touched on the broader global impact and the firm's commitment to responsible AI and cybersecurity.
More DetailsThe Sandbox metaverse is in negotiations with investors as it looks to raise $400 million in the latest funding round.
More DetailsChina-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the metaverse. Video streaming platform Migu is one of six Chinese firms that has secured the rights to show the World Cup. The efforts are part of a five-year plan released by the Chinese government in early November to boost the local virtual reality industry.
More DetailsVirtual Metaverse gaming platform Sandbox has launched the Metaverse accelerator program, which will provide 100 startups with $50 million in start-up capital to promote the development of the Metaverse.
More DetailsShanghai, a front-runner in the deployment of emerging technologies in China, has recently announced its ambitious "Three-Year Action Plan for Promoting High-Quality Development of Manufacturing (2023-2025)." This strategic initiative was revealed by the Shanghai Municipal Government Office, highlighting the city's commitment to accelerating the development of its digital economy with a focus on Blockchain, Web3.0, and the Metaverse.
More DetailsAt CES 2023, metaverse-focused startups showed VR with scent. OVR Technology exhibited a headgear with eight odors that can be blended to create different fragrances. The metaverse might be worth $5 trillion by 2030, according to McKinsey & Company.
More DetailsAventis Graduate School unveiled its metaverse roadmap and become Asia's first graduate school to enter the metaverse.
More DetailsInvestors, NFT artists, blockchain brightest minds, DeFi experts and DAO representatives will converge to UAE for a week-long event with a full-scale trailblazing digital and physical networking experience. Community leaders will discuss what will define development of blockchain space and the upcoming realm of Metaverses.
More DetailsMeta’s virtual reality programmers earn up to $1 million, according to anonymous sources. Despite significant losses in its metaverse-building division, the company's CEO, Mark Zuckerberg, is committed to its long-term vision.
More DetailsA study shows that the metaverse would remain one of the hot topics in the fintech industry. Metaverse also would be top ten strategic technology trends for 2023.
More DetailsA week-long event, set for March 7-10, 2022, will cover how paradigm-shifting technologies revolutionize and scale in industries like finance, art, cybersecurity, media and investment.
More DetailsSamsung Electronics America is defining the scope of its metaverse ambitions as it has launched a new store dubbed the Samsung 837x on Decentraland.
More DetailsSportium has announced the successful close of investment from Dapper Labs with both signing an MOU as they both pursue a strategic partnership in helping Sportium fulfil its potential.
More DetailsSotheby’s Metaverse announced that it has partnered with Sostento for the "biggest non-fungible token (NFT) charity auction ever".
More DetailsThe metaverse is a booming investment topic, Morgan Stanley said in a research note, and stock sectors are already making the most of it.
More DetailsAdidas is launching its Non-Fungible Token (NFT) collection named ‘Into the Metaverse’ on December 17 as the global apparel brand looks to extend its foothold in the NFT space.
More DetailsAmidst the ups and downs the market has experienced in recent times, here are the top three reasons to stay positive as the market journeys onto more maturity.
More DetailsNvidia Corporation has set its eyes on adding more creativity in the metaverse based on various marketplace and software deals.
More DetailsOKX, a cryptocurrency exchange and Web3 technology developer, has announced the launch of a metaverse fan experience in collaboration with Manchester City footballer Rúben Dias. The immersive experience allows fans to virtually experience Dias’ favorite training techniques and receive coaching and tips.
More DetailsTo offer its fans new experiences in the blockchain gaming sphere, two-time Indonesian football league champion Persib Bandung has partnered with Liberty Gaming Guild (LGG).
More DetailsMcLaren Automotive, a British automotive manufacturer, has entered the metaverse by giving customers a new level of experience where they can mint and sell NFTs.
More DetailsFederation Internationale de Football Association (FIFA), the world’s giant football governing body, has reportedly filed for trademarks as it seeks to join the metaverse space in the 2026 World Cup.
More DetailsJapanese entertainment firm Konami is hiring more talents on Web 3 to enable it to expand its footprint into the metaverse space.
More DetailsAs the metaverse continues to gain momentum, HSBC Holdings has established a fund to render investment opportunities to its high and ultra-high net worth investors in Singapore and Hong Kong.
More DetailsSeveral tech companies in Japan have signed an agreement to create the Japan Metaverse Economic Zone and an open metaverse infrastructure called Ryugukoku. The infrastructure will serve as a new social infrastructure for enterprise digital transformation and enable interoperability across different platforms.
More DetailsHong Kong International Airport (HKIA) has partnered with JCDecaux Transport Hong Kong to introduce the first-ever HKIA Metaverse.
More DetailsSamsung Asset Management (Hong Kong) Limited to launch the first APAC metaverse theme active ETF in Hong Kong with Samsung Asia Pacific ex NZ Metaverse Theme ETF (Stock code: 3172.HK), which is expected to list on HKEX by July 7.
More DetailsCity Frenchie is already being built in Metaverse. Yahoo will launch the first NFT project at a prime location on the virtual island of Hong Kong.
More DetailsMeta said that it is partnering with digital fashion startup DressX for Meta's new Avatar Store to introduce new avatar fashion, expanding its business in Metaverse.
More DetailsInteractive game company WildWorks said it will enter the field of encrypted games and establish a new department focused on the development of the NFT virtual game community.
More DetailsThe Wharton School of the University of Pennsylvania has announced the launch of a six-week online course on "Business in the Metaverse Economy."
More DetailsVitalik Buterin disclosed that the Metaverse remains an undefined concept, and corporations such as Facebook will struggle to develop it.
More DetailsSINGAPORE - FEB. 2, 2023 - Fresh from the success of its “City Launch Wave 0,” Singapore-based blockchain startup, Affyn, is preparing to launch London (750 plots), Dublin (500 plots) and Glasgow (500 plots) as part of Wave 1, in conjunction with the 44-city reveal of their flagship metaverse, NEXUS World.
More DetailsHong Kong's Polytechnic University is offering a postgraduate course in the metaverse and blockchain-related technology from September 2023, costing around $40,000 for tuition fees.
More DetailsSpace Runners announced that it raises $10 million in a funding round co-led by Polychain and Pantera Capital. The company wants to use the funding to expand its NFT product lines.
More DetailsMicrosoft announced that it has acquired Activision Blizzard for $68.7b, laying the foundation for Microsoft's entry into the Metaverse and accelerating its gaming business.
More DetailsBSNbase has partnered with the South Korean MetaverseSociety to launch the BSN portal operator in November, supporting Korean developers to quickly and efficiently build and operate blocks through its localized BSN platform Chain application.
More DetailsBitpanda, a digital investment platform, rolled out at least four crypto indices for investors, providing more options by helping them to diversify their portfolios.
More DetailsMembers of the House of Lords are of the opinion that activities taking place in the metaverse need to be included into any law that is written in the United Kingdom with the goal of regulating certain internet services.
More DetailsStaffers at the Bank of England have announced that the rise of metaverse may cause a systemic risk to financial stability. The researchers said that would require strong consumer protection frameworks.
More DetailsShanghai has taken a significant step in the realm of metaverse tourism with the release of the "Shanghai Action Plan for Creating a New Path in Metaverse Tourism (2023-2025)". The plan, unveiled by the Shanghai Municipal Bureau of Culture and Tourism, outlines the city's strategic focus on five key areas to propel the development of metaverse tourism in the coming years.
More DetailsThe asset class of non-fungible tokens (NFTs) is quickly growing and coincides with the rise of parallel worlds where people are spending more of their time and money.
More DetailsFor years, advocates of virtual reality have struggled to overcome several major barriers to mass adoption — centralised corporations controlled user accounts, hackers eliminated digital assets, and developers lacked incentives to create quality VR content. Now, blockchain is changing the game.
More DetailsDeFi is explored in Macau by some of the leading names in this space. The FinWise Summit is second to none in delivering quality content at a fast pace
More DetailsA non-fungible token (NFT) is a digital asset whose ownership is blockchain-based, and its value is pegged on its uniqueness. Some of the most common use-cases of NFTs include event tickets, game items, digital collectibles, software licensing, digital certificates, in-game props, authentication certificates, and domain names.
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