Metaverse | DeFi | Nfts | Trading

2022-10-11 16:18:02 Dubai: Celebrating Diwali on Metaverse could soon be a reality

Celebrating Diwali on Metaverse could soon be a reality in Dubai, as social interactions are being transformed using technology, says Dr Aman Puri, Consulate General of India, Dubai. Dr Puri was speaking at The Consulate General of India and Dubai’s Department of Economy and Tourism’s launch of the Diwali festival at Al Seef on Monday.

The ten-day-long festivities that start on October 14 2022 in the emirate will include live cultural performances on stage, including a magnificent firework display at Festival City. Diwali Markets will also be dotted around the city where visitors can shop for unique handicrafts, silverware, Diwali specific decorative items and colourful Indian outfits. They can also sample several delicious Indian snacks and beverages, and may even win grand prizes during raffle draws. So I think bringing all this together using technology will definitely enable people to engage with the experience of Diwali.

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2022-10-10 14:09:02 Critics can’t stop NFTs from becoming a mainstay of daily life

Some critics deem nonfungible tokens (NFTs) to be totally worthless. They don’t see the point. Why should they? The industry hasn’t covered itself in glory with countless rug pulls and celebrity endorsements with prompt pump-and-dumps. But, this is missing the point. Already most of the digital and physical objects we use in real life are unique, they are not fungible: this means they cannot be copied, substituted or subdivided.

Detractors might still say, well, what’s the point? NFTs are immutable and verifiable assets on the blockchain — these sound like industry buzzwords with little meaning. However, they go a long way in exposing the untold use cases. Contrarians exist in every phase of technological innovation; You can go back to the literal Luddites of 19th century England who destroyed machinery threatening their jobs, or more presciently, you can point to those who thought the internet was going to be a short-lived craze.

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2022-10-09 16:34:02 Sci-Fi Magazine Heavy Metal's Metalverse Has Room for Both Movies and NFTs

Instead of doing any one thing to bring themselves back into the sci-fi cultural limelight, the heads behind the storied counterculture comic magazine Heavy Metal are taking a shotgun approach to regaining their legacy, including movies, a revamped launch schedule and—because why the hell not—NFTs. During a Thursday New York Comic-Con panel.

Tommy Coriale, Heavy Metal’s head of studio, expanded more on what this actually means for the legacy magazine creators. He told the rather thin audience of die-hard Heavy Metal fans (though considering the new Super Mario Bros. movie was premiering in the next room, it was practically a crowd) that they were also taking on “a number of animated projects,” but did not detail what those were. He added there would be even more announcements later this year.

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2022-10-08 18:27:02 Commercial Bank International is first UAE Bank to launch Metaverse location

Commercial Bank International (CBI or “the Bank”), a corporate and retail bank headquartered in Dubai, have announced the official launch of their Metaverse location. CBI is the first UAE bank to have a presence in the Metaverse and among the few early-adapting banks in the Middle East and the world as well. CBI’s virtual location is now open for visitors and can be found in Decentraland at cbi.dcl.eth.

CBI have put together a future facing agenda that will take place at their Activation Partner booth during the event, with all plans focused on further exploring the Metaverse and its potential. As part of the agenda, CBI, in partnership with homegrown UAE burger brand Pickl, will showcase a real time Metaverse use case. CBI and Pickl will demonstrate how the Metaverse can further enable a digital economy through a stunt never before done in the Middle East. The event will take place between the 10th and 14th of October at the Dubai World Trade Centre.

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2022-10-07 18:18:02 Dubai Chamber launches new training academy to immerse digital startups in metaverse

Dubai Chamber of Digital Economy, one of three chambers operating under Dubai Chambers, in collaboration with the SEE Institute, has launched the ‘Future of the Digital Economy: Business in the Metaverse’ Academy, the first-of-its-kind specialized training program designed to equip digital startups.

A total of 30 businesses from Dubai and other markets will be selected to join the training academy, which utilizes Virtual Reality (VR), Augmented Reality (AR), and Extended reality (XR) technologies to help participants experience and understand the dynamics of business in the metaverse, reported the Emirates News Agency (WAM). During the training, participants will go through four sessions covering the core principles of Web3, its history and roots and case studies of Web3 business strategies that have succeeded and failed.

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2022-10-06 09:24:02 NFT and blockchain-related trademarks filed in the US surpass 6,000 in 2022, 3x 2021 figure

Non-fungible tokens (NFTs) and blockchain technology are at the forefront of a trend that is seeing major parts of the cryptocurrency market become increasingly leveraged by companies and individuals seeking to interact with their audience in more ways. Indeed, NFT and blockchain-related trademarks in the United States surpassed 6,000 from January 1 until September 30.

Interestingly, the 2021 total was 2,142, just under three times less than this year’s nine months. As for 2022, the most productive month was March, when 1,080 new NFT trademarks were registered. Since then, there has been a gradual decline each month, with September recording the lowest number of applications (43%), as per U.S. Patent and Trademark Office (USPTO). It is worth noting that in mid-February, Finbold reported that the number of NFT trademark applications in the US in 2021 stood at 1,263; meanwhile, just three trademark applications were filed in 2020.

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2022-10-05 12:38:02 NFT Monthly Sales Top $947M as Solana Gains Ground on Ethereum

Amid the ongoing crypto market downturn, overall NFT sales volume remained largely flat in September. But while overall volume appears stagnant, individual NFT sales are keeping pace, high value NFTs on Ethereum are still selling, and Solana NFTs are gaining steam.

All in all, $947 million worth of NFT trading volume was recorded in September, according to data from DappRadar—and that figure specifically excludes suspected wash trades. That compares to $927 million in August and nearly $916 million in July. June was the last month to crack the billion-dollar mark at $1.03 billion. The NFT market remains in significant decline from the frenzy of late 2021 and earlier this year.

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2022-10-04 12:46:02 Millions visit Nikeland as brands fashion a future in the metaverse

Nike has attracted tens of millions of visitors to its virtual store in the metaverse as it moves to make “deep consumer connections” online. More than 21 million people explored Nikeland, the vast digital world built by the sportswear giant inside a popular gaming platform called Roblox.

The platform’s young users have been flocking to the company’s buildings, fields and arenas to compete in a variety of games such as dodgeball, basketball and “The Floor is Lava”. Crucially to the brand’s digital strategy, they can also browse a showroom and buy virtual products including shoes, bags and hats. The items can be used to dress their digital avatars, which become walking adverts for the company’s latest products that can be bought in the real world.

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2022-10-03 17:28:59 Binance To Develop Virtual Asset Market In Kazakhstan Amid President’s Support
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2022-10-03 17:20:02 Christie's is Launching an NFT Sales Platform to Feature Its Digital Work

Christie’s has launched a new NFT platform called Christie’s 3.0, where buyers will be able to directly connect their wallets and bid on NFTs. In that way, it will function like NFT marketplaces such as OpenSea. Sotheby’s, a competitor to Christie’s, also has an NFT marketplace, but it so far has largely delivered mixed results.

The inaugural auction held by Christie’s 3.0 will feature the works of Diana Sinclair, an 18-year old artist who was also recently signed to the United Talent Agency. Sinclair’s short video works are estimated at 6–8 ETH, or around $7,990–$10,650. Following the onset of a crypto winter during the first two quarters of 2022, the NFT space has been quiet, but according to Giles, the timing isn’t all that bad. She said that Christie’s decided to launch Christie’s 3.0.

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