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2023-10-30 11:15:09 Animoca Brands Bolsters Metaverse Gaming Through Azarus Acquisition

Animoca Brands recently revealed their acquisition of Azarus, a pioneering Web3 streaming platform. The purchase of a majority stake in Azarus marks an effort to seamlessly integrate Azarus’ innovative blockchain-based game streaming technology into Animoca Brands’ extensive portfolio, thereby amplifying the streaming capabilities within the realm of Web3 games. While the financial details of this acquisition remain undisclosed, it signifies Animoca Brands’.

Animoca Brands has a history of substantial investments in numerous Web3 game companies, and this latest endeavor aligns with their broader vision of harnessing Web3 technology to cultivate a player-owned economy. Their overarching goal is to empower creators, gamers, and streamers with the ability to exercise control over their digital property rights. By uniting Azarus’ proficiency in blockchain-driven game streaming with Animoca Brands’ extensive experience in digital game development and publishing, the collaboration aims to expedite a significant transformation in gaming culture, with Web3 at its core.

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2023-10-30 00:31:02 WGIC releases report on the geospatial industry’s place in the metaverse

The term “metaverse” was first brought into the English lexicon over 30 years ago, with author Neal Stephenson introducing the word in his 1992 book Snow Crash. For a long while after that, the word was largely under-the-radar, thought of as theoretical when it did come up, but the last few years have seen a surge and subsequent crashing of public opinion about the idea. In the time since, we have seen about as strong a representation of the Gartner Hype Cycle as one can remember in recent times.

A lot of the work being done in this area continues to be spearheaded by geospatial companies and those adjacent to the space, because as we’ve talked about before geospatial concepts are central to this idea of a metaverse. While the hype has died down since that article was published, it remains the case, and this point was recently hammered home once again with the release of a report by the WGIC entitled Bringing Geospatial Context to the Metaverse: Considerations for the Next Steps. The point of this report, as the title suggests, is to bring “geospatial context to the metaverse and provide specific considerations for the next steps towards expanding the value proposition of geospatial technology.”

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2023-10-28 10:35:57 Mastercard Debit Card Adds Option to Spend Sandbox's Token SAND

Users of the hi debit Mastercard can now spend Metaverse platform Sandbox’s SAND token in eligible markets in the European Economic Area, according to a Wednesday announcement posted on X. The card already allows users to spend bitcoin (BTC), ether (ETH) and USDT. Sandbox is a subsidiary of Metaverse gaming and venture capital giant Animoca Brands, which invested $30 million into hi, a crypto payments application, in July. Hi provides banking services, allowing users to transact in crypto or fiat, as a digital-only application.

The debit card, which can also be customized with NFTs, was announced in 2022, but the first batch of NFT customized cards was shipped only recently, said hi co-founder Sean Rach. "It's been a long journey of product design and development to create the best user experience for our community. We are also exploring offering other tokens in the Animoca ecosystem," he said. The NFT cards are arriving just two months after Mastercard and Visa ended their partnerships with Binance, the world’s largest cryptocurrency exchange. At the time, Mastercard did not provide details behind its decision to distance itself from Binance and reiterated the same stance to a CoinDesk request for the latest development. The development was unlikely to hurt Binance, CoinDesk reported at the time.

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2023-10-26 20:42:41 THE VERSE, Transforming the Metaverse Landscape with Unique Single-Server Virtual World

THE VERSE is proud to announce the launch of its highly anticipated Metaverse, a groundbreaking networked virtual world. With an innovative single-server approach, THE VERSE introduces an exceptional, seamless experience that sets it apart from the usual multi-server platforms.Inspired by the original vision of the metaverse in Neal Stephenson's "Snow Crash", THE VERSE aims to create an immersive and inclusive digital space.

Blake Spurgin, co-founder of THE VERSE, reflects on the project: "When we conceived THE VERSE, we envisioned a digital realm that reflected the limitless possibilities of our universe. We're not just presenting another game; we're pioneering a truly interconnected metaverse where every user can create, connect, and thrive. This is just the beginning, and we're thrilled to be leading this virtual revolution.THE VERSE is full of engaging activities, including jetpacking, driving, boating, intricate quests, shooting, exploration and more. The platform also introduces a fascinating underworld with unique buildings and aesthetics.Rather than opting for simplified graphics, THE VERSE has taken a more realistic approach, ensuring that the graphics will remain timeless and compelling as technology evolves.

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2023-10-23 01:22:02 Singapore court authorizes freeze order attached to wallets as soulbound NFT

The Singapore High Court has allowed financial investigation firm Intelligent Sanctuary (iSanctuary) to attach nonfungible tokens (NFTs) containing a legal document to cold wallets associated with a hack, according to United Kingdom-based iSanctuary and local press accounts. A court-issued worldwide freeze order was tokenized as soulbound NFTs and attached to the wallets in question. The NFTs will not prevent transactions with the wallets but will serve as a warning to counterparties and exchanges.

In addition, iSanctuary claimed it has devised a means of tracking funds leaving the wallets, thanks to the NFTs. The NFTs will be permanently attached to the wallets. No additional details were provided. iSanctuary named Mintology, an app created by Singaporean NFT studio Mintable, as the producer of the NFTs. That was indirectly confirmed by Mintable founder Zach Burks in a posting on X (formerly Twitter). The Straits Times reported on Oct. 17 that the case was related to a stolen private key and that Singapore-based crypto exchanges were involved in laundering the funds from the hack by fraudsters “purported to be from Singapore.” It added that the case “spans countries from Singapore to Spain, Ireland, Britain and other European countries.”

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2023-10-21 18:41:44 Metaverse gaming more about content creators than land speculation, says The Sandbox cofounder

The high-flying days of metaverse land speculation might have come to an end, but according to The Sandbox co-founder Sébastien Borget, this hasn't slowed down the adoption of digital spaces by major brands and users in Asia and the Middle East. Interest in The Sandbox, which is a blockchain-based twist on the voxel gaming craze popularized by Minecraft, has shifted away from speculation and toward offering real gaming experiences.

Meanwhile, data from The Block's data dashboard reveals that the price of digital land, which creators must possess to offer mini-games experiences, has remained stagnant. Since the start of the year, the seven-day moving average for land sale prices on Sandbox has consistently hovered between $500 and $1,000 per plot. This is a significant departure from the staggering price tags of over $15,000 per plot that were achievable in 2021. The summer experience provided players with the opportunity to win a year's supply of McNuggets and 100,000 SAND, Sandbox's native token. In some instances, Sandbox collaborates with these brands to offer experiences and attract players through revenue sharing.

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2023-10-20 09:38:41 Yuga Labs CEO Is Learning Making NFT Games Is Hard

Daniel Alegre, CEO of Bored Ape Yacht Club creator Yuga Labs, published a lengthy essay on Twitter (aka X) late Tuesday evening, part of which details the company’s challenges and shortcomings with game development—including for its upcoming metaverse game Otherside. “While Dookey Dash was a fun game and experience, we have fallen well short of expectations with Forge,” Alegre wrote, referring to the startup’s HV-MTL Forge game. HV-MTL Forge is a social building and mech management game where players must complete tasks.

Yuga Labs has similarly acknowledged the technical issues with its latest game experience, Legends of the Mara (LotM), as it faced server issues and outages for maintenance in recent weeks. “The lessons that we are actively learning are that we need to rely on seasoned gaming partners to help build our experiences,” Alegre said. The very long Twitter post detailed Alegre’s observations about each of the crypto firm’s different NFT collections and initiatives over the past six months, which ranges from its Bitcoin Ordinals “TwelveFold” NFT collection launch to the “strained” relationship Alegre noticed between owners of the CryptoPunks NFTs and Bored Ape NFTs when he joined the company in December 2022.

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2023-10-17 14:13:21 Sega’s Co-COO Envisions a Future for NFTs in Blockchain Gaming

Sega’s Chief Operating Officer, Shuji Utsumi, recently conveyed optimism about the prospects of blockchain gaming and the potential role that Non-Fungible Tokens (NFTs) may play in shaping the future of video games. This positive outlook comes despite his prior statement to Bloomberg, just a few months ago, where he expressed his view that play-to-earn games were “boring.” The Co-COO’s perspective is part of a broader discussion surrounding Sega’s recent licensing arrangement.

Sega, known for iconic titles like Sonic the Hedgehog, has licensed its Sangokushi Taisen card game’s intellectual property to the blockchain firm Double Jump.Tokyo. This partnership aims to create a brand-new trading card game (TCG) called “Battle of Three Kingdoms,” featuring NFT cards inspired by the original 2005 game. Utsumi’s remarks are intricately linked to this licensing arrangement and its potential implications. The new Sega-licensed TCG, “Battle of Three Kingdoms,” is geared towards the Asian gaming market. It is expected to include more than a hundred unique cards and will receive ongoing support in the form of game patches and upgrades after its initial release. This endeavor reflects Sega’s commitment to revitalizing the old game’s intellectual property while safeguarding its core elements.

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2023-10-16 00:14:44 CGI Federal and Partners Pioneering Metaverse Integration for the U.S. Marine Corps

CGI Federal has successfully concluded a real-time pilot within a planetary-scale Metaverse environment, in collaboration with the U.S. Marine Corps, marking a significant milestone in the convergence of digital technology and military operations. The pilot, executed in partnership with Microsoft and Battle Road Digital, involved the integration of the Marine Corps Platform Integration Center’s (MCPIC) logistics and asset management systems with digital twin technology.

Horace Blackman, Senior Vice President of Defense, Intelligence, and Space at CGI, announced this achievement and highlighted its profound implications. He underscored the pilot’s potential to revolutionize the way defense units conduct training, devise strategies, and position themselves for future challenges. Blackman went on to emphasize that these capabilities could serve as a benchmark for various federal agencies seeking to enhance their operational efficiency. the U.S. Marine Corps witnessed a notable enhancement in their capabilities. This included improved visualization, real-time monitoring, simulation, and predictive analytics.

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