Metaverse Financial News

12.10 / 13:47

Blockchain Adoption Metaverse services Indonesia to conduct blockchain trials for public services

Following the launch of its government-backed crypto exchange, the Southeast Asian country of Indonesia is becoming a budding crypto hub that aims to be one of the leaders in Web3 technology, according to Indonesian blockchain and metaverse executives.

11.10 / 17:53

Blockchain Adoption virtual reality Metaverse augmented reality Bridging real and virtual worlds: This AR platform takes 3D mapping to a whole new level

The blockchain-powered platform OVER addresses the urgent need for accurate 3D mapping by democratizing map creation, incentivizing participation, and enabling real-time exploration of locations through augmented reality (AR).

10.10 / 08:09

Metaverse NFT Marketplace China Daily Newspaper Mulls Metaverse and NFT Marketplace Launch - Here's The Latest

China Daily, a prominent English-language newspaper owned by the Publicity Department of the Chinese Communist Party, has allocated a substantial 2.813 million Yuan ($390,000) to build its own metaverse and a non-fungible tokens (NFT) platform.

04.10 / 19:23

NFT PayPal Charity Metaverse Meta Meta Ceo PayPal applies for NFT marketplace patent, Meta’s avatars impress: Nifty Newsletter

In this week’s newsletter, read about how a nonfungible token (NFT) artist raised money to support a cancer charity and why payments platform PayPal has filed a patent application for an NFT marketplace. Check out Meta’s new photorealistic metaverse avatars and, in other news, learn why Neal Stephenson’s metaverse blockchain project remains optimistic despite waning interest.

03.10 / 10:51

Blockchain NFT Metaverse Neal Stephenson’s blockchain project holds discovery month as metaverse hype wanes

The blockchain project launched by Neal Stephenson, who coined the term “metaverse” in his 1992 book, Snow Crash, is pushing forward with its vision despite waning interest in it and some declaring that it’s “dead.”

29.09 / 06:25

business Gaming Metaverse Mobile Games Epic Games lays off 830 staff, citing ‘unrealistic’ metaverse ambitions

Epic Games, the company behind Fortnite, has slashed 16% of its workforce — approximately 830 staff — after unrealistic expectations of metaverse-inspired revenue caused it to spend “way more” money than it had been earning.

29.09 / 00:16

business Adoption virtual reality Metaverse Meta The metaverse is real: Zuck's 'incredible' photorealistic tech wows crypto twitter

While critics have been busy writing eulogies for Meta’s metaverse dream over the last few years, Mark Zuckerberg’s latest demonstration of its photorealistic avatars shows it could be pretty far from dead after all.

27.09 / 20:33

NFT Metaverse data Bitcoin UK politicians enter the metaverse, mainstream media says NFTs are worthless: Nifty Newsletter

In this week’s newsletter, check out Glassnode data that shows nonfungible token (NFT) protocol Bitcoin Ordinals may not be clogging the network. Read about British politicians using the metaverse to discuss opportunities and challenges in Web3, and find out why Rolling Stone says NFTs are “finally totally worthless.” And don’t forget this week’s Nifty News, featuring world-renowned artist Takashi Murakami saying he might not release any more NFTs.

21.09 / 19:25

BLOCK Platform Strategy Metaverse Discover Walmart show Walmart's Entry into Roblox Metaverse Guides Kids to 'Discover the Top Toys'

US retailer Walmart has joined the ranks of corporates seeking to capitalize on the popularity of metaverse platforms like Roblox, but the strategy is being criticized for being aimed at children.

21.09 / 06:13

Blockchain Web3 Metaverse UK government UK politicians don metaverse avatars as they share Web3 roadmap

A group of British politicians took to the metaverse to address global leaders in a 51-nation gathering on Sept. 20, setting out a vision for the United Kingdom’s blockchain and Web3 industries.

20.09 / 19:07

NFT Metaverse Meta Bitcoin Meta launches metaverse game, Bitcoin Ordinals creator proposes numbering change: Nifty Newsletter

In this week’s newsletter, read about how marketplace Magic Eden integrated compressed nonfungible tokens (NFTs) into its platform and how Meta launched its metaverse game on mobile and web. Check out why the Bitcoin Ordinals creator proposes changing the protocol’s numbering system and learn about Atari founder Nolan Bushnell’s perspectives on play-to-earn gaming. In other news, the United States Securities and Exchange Commission (SEC) has charged NFT collection Stoner Cats with offering unregistered securities.

20.09 / 17:11

Government regulation privacy security Metaverse Encryption Signal hints at leaving UK market following passage of online safety bill

A bill aimed at regulating certain internet services in the United Kingdom, including activities in the metaverse, has passed through Parliament and awaits King Charles’ approval to become law.

17.09 / 16:21

Metaverse Bitcoin Animoca Brands Animoca Brands Subsidiary to Launch Unique Bitcoin Metaverse Token

Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced plans to launch a metaverse ecosystem token on the Bitcoin (BTC) network.

15.09 / 03:41

business Metaverse Meta Meta Ceo Meta’s Horizon Worlds launches on mobile and web in early access

Meta CEO Mark Zuckerberg has finally made the move to expand his metaverse Horizon Worlds from virtual reality headsets to people's smartphones and computers.

14.09 / 03:59

business Adoption NFT Metaverse Meta Meta ‘ruined’ the term metaverse, but now it’s evolving: Yuga Labs CEO

Big Tech player Meta gave the metaverse a bad name when it pushed its janky vision to the masses. Luckily, open online virtual worlds have continued to evolve, says Yuga Labs CEO Daniel Alegre.

12.09 / 11:51

NFT Entertainment Gaming Non-fungible tokens Metaverse Decentralization Investment Sky Mavis Animoca Brands Secures $20M Funding to Drive Ambitious Mocaverse Metaverse Project – NFT's Making a Comeback?

Animoca Brands, a metaverse and gaming venture capital firm, has raised $20 million to expand its Web3 identity project Mocaverse.

12.09 / 06:25

business Adoption NFT virtual reality Metaverse Virtual Property Metaverse is dead in the West, but ‘so hot' in Asia: Sandbox co-founder

The metaverse might feel like it's “dead” for users living in the United States but the industry is thriving throughout Asia, says The Sandbox co-founder and COO, Sebastien Borget.

09.09 / 08:31

Binance NFT Sport Metaverse Reddit Crypto Collectibles Blockchain Game Support Nifty News: NFT restaurant crumbles, Binance NFT ends Polygon support and more

Bold plans for a nonfungible token (NFT)-based restaurant and private members lounge in San Francisco have ended abruptly after the company behind the project halted construction due to challenging macroeconomic factors.

06.09 / 19:21

Binance NFT Airlines Metaverse Taxes Ronaldo hints at NFT plans, and will the metaverse be a ‘tax haven?’: Nifty Newsletter

In this week’s newsletter, read about how German flagship airline Lufthansa uses nonfungible tokens (NFTs) to reward loyal customers and how soccer superstar Cristiano Ronaldo teased his future NFT plans during a lie detector test. Check out why a law professor believes the metaverse should be taxed, and find out how artificial intelligence (AI) and NFTs can provide a personalized learning experience to children. And don’t forget this week’s Nifty News, featuring a Mutant Ape NFT selling for over $800,000 amid an ongoing downward price trend.

06.09 / 18:13

NFT NFTS Metaverse luxury brands NFTs and Metaverse: Activewear and Luxury Brands Embrace Web3 Innovation

Despite the setbacks caused by the 2022 crypto crash, Web3 continues to intrigue marketers, particularly in the activewear and luxury brand sectors.

06.09 / 03:21

Metaverse Worldcoin Cryptoverse: Venture capital still haunted by crypto chaos

VC crypto bets totaled just under $2.3 billion in April-July this year, the lowest quarterly level for over three years, according to data firm PitchBook. In the first half of 2023, investments were down by almost three-quarters from a year ago to $5 billion. «The lofty exuberant valuation days are gone,» said Tal Elyashiv, founder and managing partner of SPiCE VC, adding that valuations place on crypto companies had fallen closer in line with their actual performance. Crypto investors remain haunted by the chaos that descended on the sector last year when the implosion of the FTX exchange and other major firms, including hedge fund Three Arrows Capital, sent shockwaves through the industry.

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