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2023-06-12 20:36:28 ​ Meta bets on Reels for the Metaverse

Meta has started testing the short-video feature 'Reels' on Quest headset. Meta Founder and CEO Mark Zuckerberg made the announcement on Meta's broadcast channel on Friday, "We're testing Reels on Quest." He also shared a video revealing how a Reel will look in virtual reality (VR). Last week, Zuckerberg had introduced the next generation virtual and mixed reality headset 'Quest 3' which will be launched later this year.  It features a next-generation Snapdragon chipset which delivers more than twice the graphical performance as the previous generation Snapdragon GPU in Quest 2. "On Quest 3, our best-in-class Meta Reality technology lets you seamlessly blend your physical world with the virtual one," the company said.The 128GB headset starts at $499.99 and users will also get an additional storage option for extra space. Last week, Zuckerberg had introduced the next generation virtual and mixed reality headset 'Quest 3' which will be launched later this year. Open / Comment

2023-06-08 20:22:24 The Securities and Exchange Commission (SEC) has filed a case against Binance, the largest global cryptocurrency exchange.

According to the SEC, Binance has been accused of intermingling customer funds amounting to billions of dollars and covertly transferring them to a distinct company, Merit Peak Limited. This company is reportedly under the control of Binance’s founder, Changpeng Zhao, who is widely known in the cryptocurrency world as “C.Z.”

The charges also implicate the firm is misleading investors about its ability to manage manipulative trading and insufficiently restricting U.S. investors' access to its unregulated exchange. Open / Comment

2023-06-02 20:54:15 Nvidia has just become a $1 trillion company.

Fueled by the tech sector's race to add generative artificial intelligence tools to their products, the chipmaker has hit rarified air previously occupied by only a handful of companies like Apple and Microsoft. Open / Comment

2023-05-31 00:59:42 Take a look at Bitcoin’s NFT trading volume in 2023. Open / Comment

2023-05-29 08:54:54 Shaquille O’Neal, the basketball legend turned TV analyst, is now embroiled in two separate lawsuits related to the cryptocurrency sector on Tuesday, May 23, during a live NBA broadcast.

O’Neal was handed legal documents concerning his association with the now-defunct cryptocurrency exchange FTX and his NFT initiative, Astrals, at Miami’s Kaseya Arena. Notably, the venue was previously known as FTX Arena.

The first lawsuit involves O’Neal who endorsed FTX. The plaintiffs accuse the defendants of promoting a financial platform that later fell into bankruptcy.

The second lawsuit focuses on O’Neal’s involvement in Astrals, an NFT project launched in 2022. The plaintiffs assert that the Astrals NFTs were unregistered securities, with the value of the tokens tied closely to O’Neal. The suit alleges that the project misled investors and that O’Neal, along with his son Myles and business partner Brian Bayati, violated securities laws. Open / Comment

2023-05-24 16:06:22 ​ Metaverse in Healthcare Market is Expected to Reach $79.6 billion

The concept of the metaverse, a virtual reality space where individuals can interact with each other and digital content, is poised to make significant strides in the healthcare industry in the near future. The metaverse has the potential to revolutionize healthcare delivery by offering immersive and personalized experiences for patients, providers, and researchers. In the metaverse, healthcare professionals can conduct virtual consultations, perform medical procedures in a simulated environment. Metaverse in Healthcare market in terms of revenue was estimated to be worth $9.5 billion in 2023 and is poised to reach $79.6 billion by 2028, growing at a CAGR of 52.9% from 2023 to 2028 according to a latest report published by MarketsandMarkets . The factors driving market growth include increasing demand for telehealthcare services, and shift towards patient-centric healthcare delivery. However, the lack of data security and concerns regarding data theft and healthcare fraud, and authenticity and reliability issues are challenging the market growth during the forecast period. Based on product & service, the software segment accounted for the largest share of 70.9% of the metaverse in healthcare market. Open / Comment

2023-05-20 22:00:47 Apple’s new headset could put a rocket under metaverse tokens

Apple is scheduled to release its highly-anticipated mixed-reality headset in the coming weeks, a development that some believe could breathe fresh life into the metaverse industry. This trend was pointed out in a May 15 tweet from independent developer Udi Wertheimer, who in a backhanded comment to the absurdity of influencer-driven memecoins, spoke of the upcoming release as a potential driver of metaverse token prices.

Decentraland is still in the process of building out its VR capabilities and The Sandbox previously told Cointelegraph it has “no immediate or future plans” to build out VR. Speaking to this point, Gilbert, like many others notes that a fully immersive metaverse experience is probably still a “long way off” especially when looking at the gap between the initial launch of the iPhone and the availability of apps. Open / Comment

2023-05-16 23:28:30 ​TRU and MTV Join Forces for Epic Mental Health Festival in Decentraland Metaverse

True pioneers of the Decentraland Metaverse, The Rocking Uniquehorns (TRU), have partnered with the legendary MTV network for Mental Health Action Day on May 18. As a result, bringing a grand 24-hour concert filled to the brim with wide array of musical talent to the virtual realm. The epic event will kick off on the stroke of midnight (ET) on May 18, at the TRU BandRoom Festival Stage in Decentraland’s Genesis Plaza. During the festival, music fans can jump in and out at their leisure, with the organizers dropping SHOAP attendance protocol tokens every hour. Essentially, ensuring that attendees can stick to the theme of the concert and take care of their own mental health instead of staying awake for the full 24 hours. The Decentraland concert arrives to celebrate and bring attention to the third annual Mental Health Action Day. A tremendous initiative that aims to bring light to mental health issues and encourage all those affected to take action. As a result, bringing a whole community of music lovers together to improve the lives of everyone involved. Open / Comment

2023-05-13 20:30:36 ​ Alo Yoga Retail Chain Debuts In-Store NFT Claim With MoonPay

Alo Yoga, an apparel and accessories retailer with dozens of locations across several U.S. states, has rolled out an in-store NFT claim in collaboration with crypto payments firm MoonPay, letting brick-and-mortar customers receive free digital collectibles featuring “daily affirmations.” Launched for Mental Health Awareness Month in the United States, the in-store experience lets customers tap a smartphone against a terminal that reads “Tap for Mindfulness”. The terminal is equipped with a near-field communication (NFC) chip that points customers towards a website and ultimately lets them claim a free daily NFT. The NFTs are built around artwork that focuses on the concept of mindfulness, plus the asset will provide access to mental health resources, the company says. Alo will also offer further NFT collection opportunities through email for customers. Alo’s in-store effort was created using MoonPay’s NFT minting platform, with the collectibles minted on Ethereum scaling network Polygon. The apparel retailer is covering all minting fees tied to the promotion as part of an effort. Open / Comment

2023-05-12 10:35:50 Mark Zuckerberg has announced that Meta is open sourcing ImageBind, a new AI model that combines different senses just like people do. It understands images, audio, depth, thermal and spatial movement. Open / Comment