💎 NFT's & Metaverse Updates💎

2022-11-05 20:20:07 Billions being spent in metaverse land grab

Nearly $2bn (£1.75bn) has been spent on virtual land in the past 12 months, as people and companies race to get a foothold in the metaverse, research shows. With her giant dark red mohican and permanent cigarette, artist Angie Taylor's avatar does not look like a typical land mogul. But she is one of a growing breed of people staking a claim to new virtual worlds. Angie's plots are about the size of a small family house (if you compare them to the size of her avatar). The tallest stretches up over three floors and has a roof terrace with a white-and-black-striped road crossing, and a pink taxi permanently driving back and forth just for fun. Voxels is one of dozens of virtual worlds that describe themselves as metaverses.

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2022-11-05 15:25:07 Blockchain Startup Elrond Rebrands to Focus on Metaverse

Blockchain startup Elrond has rebranded itself MultiversX to reflect its pivot to metaverse exploration. The metaverse is a conceptual world where the internet theoretically becomes an immersive virtual environment that can be used for work, play, socializing, and events. The term “metaverse“ was coined by Neal Stephenson in his 1992 novel “Snow Crash.“. Elrond will aim to build on its prior work as a layer 1 blockchain with a focus on scalability to advance Web3 technology in the form of metaverse-related products. With the rebrand, Elrond would appear to be following the lead of social media giant Facebook, which last year renamed itself Meta to reflect its metaverse-related aspirations.

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2022-11-05 09:25:05 VR/AR Funding Falls As Metaverse Mass Adoption Still Not Reality

Venture investors appear to be growing increasingly sensitive regarding those risks. That, at least, is one easy explanation for why funding to companies in the VR, augmented reality and virtual worlds categories has been dropping quarter over quarter since their peak in late 2021. Since hitting over $2.1 billion in the fourth quarter of 2021, metaverse-related funding has fallen to around $760 million in the most recent full quarter. The third quarter was also lower than Q1 and Q2 of 2022. Overall global venture funding, of course, has also been down sharply, so augmented and virtual reality categories are by no means isolated examples of investors’ rising risk-aversion.

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2022-11-05 03:03:02 Dubai's FinTech Hive to host flagship start-up investor event in metaverse

FinTech Hive, the start-up accelerator backed by the Dubai International Financial Centre (DIFC), will host its annual Investor Day in the metaverse, marking the first time its start-up founders will be able to present their concepts to investors in the emerging digital space. More than 40 financial technology start-up founders are set to participate in the flagship event on November 10. The DIFC’s accelerator programmes continue to attract the world's most innovative start-ups in the financial services sector.

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2022-11-04 20:29:02 Revolut chat function will integrate NFT profile pics, CEO Storonsky says

Revolut's new instant messaging feature, which launched yesterday in the UK and the European Economic Area, will integrate NFT profile pictures, CEO Nik Storonsky said in an interview with The Block at Web Summit in Lisbon. The new messaging tool, which allows users to chat as well as share gifs and stickers while sending and requesting funds. Storonsky's comments come ahead of the launch of Revcoin, which he said is slated for "early next year." The long-rumored native token will function in a similar way to airline Air Miles programs, where users earn rewards based on how often they use the service, as previously reported by The Block.

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2022-11-04 15:25:06 Instagram to support Polygon-powered NFT marketplace

The features are live with a small group of creators in the U.S. and will be expanded to other countries soon. Support is also live for Solana’s Phantom wallet, Meta said, adding that information for collections from OpenSea can now be viewed on the platform. A creator economy potentially worth $100 billion cannot be realized without a digital economy with greater portability than today’s web services, Stephane Kasriel, Meta’s commerce fintech and web3 lead, said in a blog post. Meta’s ongoing strategy is to help creators earn a living, and the company won’t charge fees in its digital collectible marketplace until 2024 and will cover any blockchain-related gas costs.

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2022-11-04 09:25:05 Game of Thrones NFTs latest effort to tempt fans with crypto collectibles

Hollywood juggernaut Warner Bros. Discovery is diving even deeper into the world of crypto behind another iconic brand: Game of Thrones. The media conglomerate, which owns the premium cable channel HBO and streaming service HBO Max, announced it will be releasing a collection of NFT avatars christened “Game of Thrones: Build Your Realm.”. The move is the latest in a flurry of other initiatives aimed at enticing massive fandoms accustomed to shelling out cash for the latest round of branded collectibles. While NBA Top Shot was the pioneer, the NFL and other sports leagues have either launched or plan to launch NFT collectibles of their own. Warner Bros..

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2022-11-04 03:14:01 Hadean takes home European Metaverse Awards for powering the metaverse

Deep-tech startup, Hadean, received two awards at the first ever annual European Metaverse Summit And Awards (EMA) that took place in Berlin on October 27 2022. The company was the jury's choice for Top Cloud, Enterprise, or Technology Partner and Top B2B or Industrial Initiative. Hadean was a finalist in three categories, out of a total of twenty, and received the jury's positive support and endorsement for providing creators the computational power they needed to build, run and monetise ambitious metaverse projects and create new user experiences.

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2022-11-03 20:49:59 Holoride takes passengers to the 'metarverse' with new in-vehicle entertainment system

The Holoride providing — which makes use of real-time movement information from the car mixed with distinctive content material to create immersive VR leisure experiences for passengers — will likely be obtainable in Germany in mid-November and within the U.S. in early 2023. Touted as a theme park in movement or experience within the “motorverse,” the corporate will supply its service as an add-on bundle for Holoride-ready 2023 model-year Audi automobiles. It has plans to broaden the bundle to different automakers within the close to future.

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2022-11-03 15:25:05 Visa, CryptoCom Partner to Launch New NFT Collection Ahead of FIFA World Cup

Visa has been the official payment partner of the International Federation of Associations of Football (FIFA) since 2007. The payments giant described its new product as the “first of its kind” hybrid experience that features a pre-event NFT auction and immersive activation for football lovers in the FIFA World Cup scheduled to begin later this month. The Visa Masters of Movement features unique digital artworks, avatars, and other collectibles curated from FIFA World Cup and FIFA Women’s World Cup competitions. The digital artworks are available on Visa’s crypto exchange partner platform CryptoCom.

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