Xbox boss keen on Metaverse but ‘cautious’ about play-to-earn games
Phil Spencer, the head of Microsoft’s gaming company Xbox is optimistic about the Metaverse but remains “cautious” about play-to-earn (P2E) crypto games due to its economic and speculative aspects. Speaking with Bloomberg anchor Emily Chang...
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Eminem and Snoop Dogg to perform Bored Apes track at MTV music awards
NFT friendly rap icons Eminem and Snoop Dogg will be performing at MTV’s Video Music Awards (VMAs) together on Sunday, in a performance inspired by the Otherside metaverse and Bored Ape Yacht Club (BAYC) NFTs.The Otherside is a collaboration...
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M&M’S jump into BAYC mania, a Pudgy Penguin sells for 400 ETH and more…
Global confectionery giant Mars has teamed up with virtual metaverse band KINGSHIP to create limited edition boxes of M&M'S featuring content from the Bored Ape Yacht Club (BAYC). KINGSHIP is a group made up of three BAYC NFT hodlers...
Spatial digital art exhibitions to level up metaverse experiences
In Decentraland’s third annual Metaverse Art Week held on Aug. 24–28, curators turned to new ways to utilize digital space to bring more interactive and true-to-life experiences of art. The metaverse world modeled its latest virtual festival...
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Beijing announces two-year Metaverse innovation and development plan
The Beijing municipal government on Aug. 23 announced a two-year (2022-2024) metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.The development action plan refers to...
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Future of Web3 or just a market gimmick?
The Metaverse as a concept is an attempt to fuse physical reality, augmented reality (AR) and virtual reality (VR) into one seamless and immersive experience.The term “metaverse” was first used in Neil Stephenson’s 1982 cyberpunk novel Snow...
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Metaverse is a key factor in long-term NFT success, says new research
A new report from Juniper Research analyzed the trajectory of the nonfungible token (NFT) market over the next five years. According to the study, global transactions related to NFTs will escalate from 24 million in 2022 to nearly 40...
MTV introduces the ‘Best Metaverse Performance’ award category
The 2022 MTV Video Music Awards (VMAs) added a new category to its list of competition categories. This year, artists are eligible to compete under the category of “Best Metaverse Performance” for a coveted award.Initially, the award show...
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Metaverse still not ready for virtual weddings and legal proceedings
As the global Web3 ecosystem continued to evolve at a staggering pace, so have the various use cases associated with this niche. In a striking new development, a high-ranking Singaporean government minister recently noted that legal marriage...
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21-year-old got ‘thought-provoking’ questions after teaching crypto to old folks
When assisted senior living home The Preston of the Park Cities approached Owen Robertson to hold a course on crypto, nonfungible tokens (NFTs) and the Metaverse for their residents, the 21-year-old didn’t expect how quickly they’d pick up on...
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Nvidia ups its metaverse bet with new developer tools
Hardware maker Nvidia is ramping up its efforts to make a stand in the Metaverse. On Tuesday, the company revealed a new set of developer tools focused on metaverse environments, including new AI capabilities, simulations, and other creative...
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Blockchain and NFTs are changing the publishing industry
Web3 has become the most sought-after investment sector of 2022, as use cases for nonfungible tokens (NFTs), the Metaverse and other blockchain applications come to fruition. Therefore, it shouldn’t come as a surprise that different segments of...
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1inch plugs into Klaytn as Asia continues to climb aboard
South Korea's most popular metaverse blockchain Klaytn is set to benefit from deeper liquidity and improved token swaps through a new partnership with decentralized finance (DeFi) protocol 1inch Network.Klaytn has enjoyed success in South Korea...
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Ready Player One gave us the misconception that the Metaverse is VR — Everyrealm CEO, KBW 2022
Everyrealm CEO Janine Yorio has dispelled misconceptions that the Metaverse can only be presented “exclusively in VR.” Speaking on Aug. 9 during Korean Blockchain Week 2022, Yorio told an audience in Seoul that Steven Spielberg’s Ready...
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Trend Micro calls out vulnerabilities in metaverse security development
In a new report published by American-Japanese cybersecurity company Trend Micro, the firm says that the metaverse possesses increasing vulnerabilities that could materialize within the next three to five years.As told by Trend Micro, the top...
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Metaverse housing bubble bursting? Virtual land prices crash 85% amid waning interest
The metaverse sector is witnessing its very-own housing crisis moment, thanks to massive declines in the prices of its virtual lands in 2022, led by waning users' interest and a crypto bear market.Land sales plunge 85% in 2022In particular,...
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Web2 adoption key to Metaverse success, Klaytn Foundation — KBW 2022
Sam Seo, the director of metaverse-focused blockchain Klaytn Foundation, believes widespread adoption of the Metaverse will be “easier” if Web2 companies integrate the tech with their products and services. Speaking to Cointelegraph during...
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Tinder pulls back on Metaverse dating plans
Match Group, the parent company of popular dating app Tinder, says it is cutting funding for Web3-related research and development amid disappointing Q2 earnings and the departure of Tinder’s current CEO. In a letter to shareholders on...
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Metaverse market share to surpass $50 billion by 2026, says new report
A new report by technology research and advisory firm Technavio reveals an upward trend for the Metaverse within the next four years. The report titled “Metaverse Market in Finance by Component and Geography - Forecast and Analysis...
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GameFi and Metaverse least affected by Terra debacle: Report
Blockchain gaming and the Metaverse have managed to “sidestep” the “Lehman brothers-like” collapse of Terra in May — though decentralized finance (DeFi) and nonfungible tokens (NFTs) haven’t been so lucky, a report says. In a July 29...
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