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2023-04-21 11:45:07 Meta opens its Horizon Worlds VR metaverse to teenagers

Meta’s metaverse platform Horizon Worlds lets people create their own 3D environments, which other users can then explore (Meta). Horizon Worlds has been intended for use by adults only until now. However, 13-17 year-olds in the US and Canada will be able to access the virtual world “in the coming weeks”, with other countries expected to follow. Meta says it has introduced “a robust set of age-appropriate protections and safety defaults”.

Horizon Worlds lets people create their own 3D environments, which other users can then explore. This is where potential issues for younger users arise — any platform with user-generated content is likely to surface stuff unsuitable for kids, regardless of how rudimentary the building tools are. The platform is also home to curated areas and mini-games, including battleground Arena Clash and a virtual comedy club. Horizon Worlds was launched in December 2021 in the US and Canada, before being released in the UK in June 2022. The app reportedly failed to meet Meta’s expectations. An initial goal of 500,000.

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2023-04-20 12:16:02 STEM Metaverse launches summer camp for young learners

Ed-tech platform STEM Metaverse has announced the launch of its three-month long online summer camp starting from April 18, 2023. The camp is designed for young learners to help them learn valuable skills and make the most of their summer, an official release said. This camp is accessible to students in PAN India and offers a range of fun and engaging activities that encourage experiential learning, the release added.

The camp activities are divided into two parts – Explorer and Advance. The Explorer camp is meant for students who want to try out a new skill and see if it interests them, while the Advance camp enables students to dive deeper into their programme of choice. The Explorer camp gives a feel of a variety of programmes suh as Creative Writing, Code a Game, Robotics, Indian Art forms, YouTubing and Become a Young Scientist, and Solving a Murder Mystery. The Advanced Camp, on the other hand, is best suited for Middle schoolers. It is outcome oriented and gives students a detailed and practical understanding, with programmes such as Becoming a Published Author, Building an App-controlled Car, Advance Python, Decrypting Algorithms, and Acrylic Painting.

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2023-04-19 19:28:02 Gucci metaverse head Robert Triefus to step down

Robert Triefus, a veteran of Gucci, is reportedly set to exit the luxury brand 15 years after he initially joined. Triefus’ departure comes just six months after he was appointed chief executive officer of Gucci Vault and Metaverse Ventures, which he took on alongside his position as senior executive vice president, corporate and brand strategy. A Gucci spokesperson confirmed the news to WWD, stating that Triefus would be leaving the company on April 30.

The statement continued: “Throughout his years at Gucci, Robert has played an instrumental role in ensuring that the brand has been recognised for its leadership in its approach to brand and client engagement, and more recently to new business initiatives, by capitalising on Gucci’s unique DNA and values while always embracing change and innovation along the way.” In his latest role as metaverse head, Triefus oversaw opportunities for brand expansion and scaling in the digital space, while also holding responsibility for Gucci Vault, the company’s experimental online space launched in September 2021.

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2023-04-18 18:17:02 CaixaBank rolls out metaverse initiative to promote sustainability

Spanish lender CaixaBank is leading the way among European banks in its innovative use of the metaverse. And now it is bringing together its use of virtual reality to promote two other core priorities for the bank. Visitors to the branches between 20 and 27 April will be able to participate in a virtual reality experience that will help them to become aware of how to contribute to creating a cleaner and more sustainable world.

The activity will consist of a virtual tour in which participants will have to overcome a series of challenges in different natural environments. Participating customers will virtually enter forests, beaches, and even the bottom of the sea, to solve missions that will help them raise awareness about the need to care for the environment. In order to participate, customers must register in advance through digital channels or at the ‘all in one’ centers themselves. Through virtual reality, the entity will raise awareness in a fun and didactic way about how to contribute to creating a cleaner and more sustainable world.

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2023-04-17 15:40:04 Pussy Riot Pitches Metaverse ‘Utopia’ With Virtual Social Network IMVU

Pussy Riot is setting up shop in the metaverse. On Wednesday, during NFT NYC, online virtual social networking site IMVU and Pussy Riot founding member Nadya Tolokonnikova announced the launch of a Web3 community space called Utopia. Founded in 2004, IMVU is a 3-D virtual world and social network platform where users can create personalized avatars, explore various virtual destinations, and interact with others via chat and events.

No stranger to enlisting Web3 to support important causes, Tolokonnikova was a founding member of Ukraine DAO, which raised money for people affected by the Russian invasion of Ukraine, and Unicorn DAO to support women and LGBTQ+ artists. Similarly, Utopia delivers a virtual "Pink Church" to foster gender equality, activism, and social justice while promoting connection, self-expression, and creativity. IMVU says four exclusive NFT drops are planned for Utopia, with the first collection dropping on April 14. Owners of the digital collectible will be able to use them with their IMVU avatars. A portion of the proceeds of the sale of the collectibles will be donated to North Caucasus SOS.

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2023-04-16 12:22:02 Trump Earned Up To $1M From NFT Sales: Filings

A filing from the U.S. Office of Government Ethics shows that former president Donald Trump has made anywhere from $100,001 to $1 million from sales of Trump-branded non-fungible tokens (NFTs). The filings were first reported by ethics watchdog Citizens for Responsibility and Ethics in Washington (CREW). The 45,000 digital collectibles featuring the 45th president's likeness were released in December and sold out within a day.

According to the filing, submitted on Friday, Trump holds the position of "manager, president, secretary and treasurer" at CIC Digital LLC and CIC Ventures LLC. On the official Trump Trading Cards website, it says that CIC Digital LLC allowed NFT INT LLC, the company behind the NFT project, to use Trump's likeness, name and image under a paid licensing agreement. The filing lists income from CIC Digital LLC as "NFTs" that raked in between $100,001 to $1 million. It also states that CIC Ventures LLC received over $5 million from speaking engagements.

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2023-04-15 11:05:04 AI Will 'Accelerate' the Metaverse, Empower Creators: The Sandbox Co-Founder

The use of artificial intelligence, or AI, may speed up the pace at which original work is created in the metaverse, said Sebastian Borget, co-founder of The Sandbox and a speaker at Consensus 2023. “What used to take days before, from ideation and conception, can now take just a matter of seconds,” Borget told CoinDesk TV’s “First Mover” on Thursday. AI will “accelerate and empower even more creators,” he said.

The Sandbox, a culture and entertainment platform, is a user-generated and virtual gaming tool where users can build, own and sell their gaming experiences. The Hong Kong-based platform’s Game Client was installed over 1.3 million times last year, and has a digital presence in countries including Japan, China, Dubai and Saudi Arabia, Borget said. AI has garnered widespread attention. Some of its use cases, including ChatGPT’s text generator, have been met with warm and not so warm reactions. In March, for example, Neal Stephenson, author of “Snow Crash,” a science-fiction classic novel where he coined the term “metaverse,”.

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2023-04-14 12:54:02 TMX Global brings its supply chain metaverse to Asia

International supply chain consultancy TMX Global has launched its TMX Metaverse in Asia at a launch event in Thailand. First launched in Australia (where TMX Global is headquartered), the TMX Metaverse is an environment where clients can bring supply chain concepts to life through a range of digital technologies – including virtual and augmented technology and a metaverse platform.

TMX Metaverse can map the entire end-to-end supply chain network in a virtual environment, enabling enterprises to design their warehouse, plan for issues like component shortages, transport disruptions or unforeseen weather events, or simulate supply chain scenario’s in order to better understand their impacts. Using the TMX Metaverse, clients can ultimately create a more robust and resilient supply chain, said CEO of TMX Global, Travis Erridge, during a launch event at Bangkok’s True Digital Park. “With the ability to visualize designs in the metaverse – on a real, human scale – businesses can improve decision-making and efficiency during the conceptualization process by up to 50%.

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2023-04-13 17:05:06 NFT warranties can help mass adoption of the technology, says Web3 exec

The Web3 space has seen its fair share of exploits in the recent past, with more than $320 million exploited by hackers in the first quarter of 2023. For many users, particularly prospective users, securing their digital assets is a top priority. A new nonfungible token (NFTs) warranty service from Web3 payment provider Wert and insurtech service Avata is trying to troubleshoot the asset security gap for both active and prospective collectors.

According to the announcement, the opt-in warranty for NFTs will cover up to 90% of the value of the digital assets for any NFTs compromised in a smart contract hack. Cointelegraph spoke with George Basiladze, the co-founder and CEO of Wert, who said a solution like this helps bridge the “trust” gap, while offering needed protection to an array of collectors. The service will be available on nearly 80 digital asset marketplaces, including the KnownOrigin NFT marketplace. According to Basiladze, the NFT protection will be charged at 6% of the asset cost at checkout, and coverage will be calculated by the purchase price rather than the current market value.

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2023-04-12 14:25:06 Floki Launches Easter Event in Valhalla NFT GameFi Metaverse

Happy Easter celebrations from Floki to all Valhalla Non-Fungible Token (NFT) GameFi players! The protocol is rewarding users for their efforts in the PlayToEarn (P2E) game. Floki shared a tweet with users on April 8, urging Valhalla enthusiasts to prepare their Veras for the big event on April 10. According to the information from the MemeFi platform, users stand a chance to earn from a prize pool of $30,000.

Valhalla is Floki’s P2E product, featuring A-level blockchain gaming mechanics. The game comprises on-chain gaming interactions and NFTs that users can upgrade. Veras are in-game characters that players utilize to earn FLOKI tokens while playing the game. Players can communicate and encounter one another with their Veras in the Valhalla metaverse. Floki Inu began with a tweet from Elon Musk. When the billionaire announced he would name his Shiba Inu puppy Floki, it created a deluge of ‘Floki’ dogcoins. The most successful of these is Floki Inu. Floki Inu is currently the market's third most popular meme token, behind Dogecoin and Shiba Inu. It is backed by a community of committed enthusiasts and a strong marketing campaign.

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