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2022-11-25 21:30:48 Chinese metaverse developer Global Mofy files for proposed $30M US IPO

Chinese metaverse services provider Global Mofy Metaverse (GMM) has filed to raise a proposed $30M through a US initial public offering. The company hopes to list its shares on Nasdaq under the symbol GMM. Maxim Group is serving as lead bookrunner.

Global Mofy said in a filing that it's looking to offer 6M ordinary shares priced $4.50 to $5.50, which would raise around $30M if priced at the midpoint. Underwriters would be granted a 45-day option to buy up to 15% additional shares to cover any over-allotments. Global Mofy has been profitable. For the six-month period ended March 31.

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2022-11-23 23:24:20 ‘Metaverse’ is a contender for Oxford’s Word of the Year

“Metaverse” is among the leading three contenders for Oxford’s Word of the Year (WotY). The metaverse is an unsurprising inclusion for WotY—not everyone understands it, but most will have at least heard the term.Facebook changing its company name to Meta towards the end of 2021.

Over the last year, the word has been thrown around a little too easily. One school of thought is that it should resemble a web 3.0 of decentralised, interoperable experiences. Another belief is that a metaverse should integrate elements of the real world. Some believe it requires a combination of both.

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2022-11-23 08:09:02 NFT utility platform Tropee raises $5 million led by Tioga Capital

Crypto founders such as The Sandbox's Sébastien Borget, Exclusible's Thibault Launay, Geometry's Grégoire le Jeune, and Lorens Huculak, founder of the OpenSea-acquired Gem, also participated in the equity round, which closed in August. The startup declined to share its valuation.

Startups simplifying the process of minting NFTs have been hot property among investors. Haun Ventures and OpenSea recently backed no-code NFT minting platforms Highlight and Fair.xyz, respectively. Rather than tackling the minting process directly, Tropee is focused on the 'post-mint' experience. Mahl said that the current post-mint process is complicated and full of holes in terms of user experience, such as a reliance on Google forms and Discord servers.

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2022-11-20 13:09:02 Decentraland DAO Considers Pausing Grants As FTX Collapse Spotlights Diversification

The Decentraland DAO – the metaverse platform’s community decision-making tool – is holding a vote on whether to temporarily pause its grants program and reassess its structure. any community member can request funding for efforts to improve the platform or implement new features.

Specifically, the proposal notes that its DAO treasury holds funds equal to $19.3 million, with 99.1% of those assets held in MANA, Decentraland’s native cryptocurrency, and only 0.9% held in “other” tokens. the time might be right to pause and review its current structure, identifying valuable lessons from its shortcomings. Specifically, the proposal notes that its DAO treasury holds funds equal to $19.3 million.

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2022-11-19 15:44:02 The CronosVerse Gearing Up to Host First Metaverse Party

The CronosVerse is hosting the first metaverse party and concert on Cronos Chain on Nov. 19. Download, gear up and get ready to celebrate.In the run-up to the event, The CronosVerse tweeted a video showing different areas of the metaverse, premium skins, and more. Premium skins include variations of robots, humans, and animals. Take a look at the video below:

The live event can be accessed via Twitter or by downloading The CronosVerse application for Windows. The party will include live game support, musical performances, mini-games, a PvP competition, and giveaways. The project offers users the opportunity to participate as either landowners or as everyday civilians of the CronosVerse, known as the “Crovilians.” Each Crovilian will have their own unique set of traits, identifying their unique role within the CronosVerse society the team has stated. Their goal is to create the ultimate social MMO gaming.

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2022-11-18 08:09:02 Art of the real: the intriguing post-bubble future of NFTs

Unfortunately, that initial run would prove short-lived. After reaching a monthly peak of USD 17 billion in January of this year, NFT trading volumes have fallen off a cliff, and are now down some 97 percent according to Bloomberg[2]. The First 5,000 Days” for USD 69.3 million in March 2021[1], it catalyzed a spectacular and highly visible bull run for NFT art and collectibles.

The term NFT, which dates to the Ethereum ERC-721 “non-fungible token” standard released in 2018[3], simply refers to a unique token that lives on a blockchain. Like their “fungible” cryptocurrency counterparts, NFTs cannot be copied or counterfeited. Unlike cryptocurrencies, they cannot be substituted for each other either. While one Bitcoin is, the same as another, each NFT is unique and uniquely identifiable. That is the point. NFTs are a key technology for creating digital assets.

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2022-11-17 16:09:02 Spitfire customers able to view homes in the metaverse

Spitfire Homes has launched a show home and customer suite in the metaverse. Using virtual reality technology, Spitfire has developed a concept that enables customers to experience an immersive tour of Spitfire’s new house-type range before it has even been built.

Customers will be able to see Spitfire’s latest off-plan property Dovecliff, a new three-bedroom detached property led by a Spitfire Homes representative. Mark Swaddle, senior marketing manager at Spitfire Homes said: “At Spitfire Homes, we like to think differently about how we can engage with our customers in new and exciting ways. We understand that it can be hard to visualise new homes off-plan, and harnessing the metaverse.

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2022-11-16 22:39:02 Adidas' Bored Ape NFT Makes Appearance With Messi, Benzema in New World Cup Trailer

Adidas continues its long tradition with the FIFA World Cup, this time with a crypto twist. The sports brand included its Bored Ape Yacht Club (BAYC) character named Indigo Herz in a recent promotional trailer published alongside footballing superstars like Lionel Messi and Karim Benzema.

Herz was depicted on a cereal box of “Indigoooooals” with the message that Benzema eats goals for breakfast. The video trailer was narrated by British rap icon Stormzy, who made a cameo appearance at the end as the coach driver transporting the players to the tournament. Adidas purchased Indigo Herz, or BAYC #8774, in September 2021 for 46 Ethereum, roughly $156,000 at that time.

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2022-11-15 16:01:02 BLACKPINK WINS 'BEST METAVERSE PERFORMANCE' AT THE 2022 MTV EMAS

BLACKPINK just won the first-ever award for Best Metaverse Performance at the 2022 MTV EMAs, making both K-pop and virtual music history. This year’s MTV European Music Awards took place on November 13 in Dusseldorf, with a number of exciting performances and celebrity appearances.

BLACKPINK couldn’t attend this year’s ceremony in person, however, graciously accepted the award with a pre-recorded video. Alongside the award for their digital appearance, BLACKPINK were nominated for Biggest Fans, Best K-pop and Best Video for “Pink Venom.”. Stay tuned for more from this year’s ceremony, and check out the full list of 2022 nominees and winners.

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2022-11-14 18:23:02 Alchemy Pay Brings OnRamp and NFT Checkout to London Token2049

Alchemy Pay, is bringing its mainstream-friendly services to Europe’s foremost crypto conference – London Token2049. The Singapore-based company has taken its payment network infrastructure and pivoted to direct-to-customer (D2C) services, with its highly versatile and customisable NFT Checkout and On & Off Ramp Solutions.

TOKEN2049 is known for its industry-leading events held annually. Founders, CEOs, and projects come together to build relationships and share developments. It showcases sectors like DeFI, Gaming, Social Fi, NFTs, Metaverse, and DAOs, and brings together more than 3,000 attendees, 100+ sponsors, and around 150 speakers. Founded in Singapore in 2018, Alchemy Pay’s strength in Southeast Asia and Latin America is clear.

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