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2022-09-22 16:28:02 Metavision event to highlight Dubai Metaverse Strategy

Experts will delve into the world of metaverse as Khaleej Times hosts Metavision in Dubai on September 21. The one-day event, which is being held under the endorsement of the UAE Ministry of Artificial Intelligence, will see thought leadership speeches, interactive sessions, panel discussions, AR/VR Installations and more.

The innovation hub of the world, Dubai, is making some serious inroads into the metaverse. A strategy announced by Dubai Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum recently aims to put the emirate among the world’s top 10 metaverse economies and make it a global hub for the metaverse community. They will discuss everything from cryptocurrency to non-fungible tokens (NFTs),

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2022-09-21 18:53:02 Atlas Vending launches first NFT vending machine

ATLAS Vending launched its latest innovation and first-of-its-kind non-fungible token (NFT) vending machine. Being the first vending machine provider to dispense NFTs in Malaysia to commemorate Malaysia Day, the leading vending solutions provider took the opportunity to create a platform for 13 local NFT artists to showcase their unique artworks that incorporate local art and culture.

To encourage all to join in the excitement, 13 prominently branded vending machines were placed at REXKL, with each vending machine representing a Malaysian state and an NFT artist from the state. These vending machines will be available from now until Dec 16, 2022, and each vending machine contains a total of 300 rare NFT artworks, out of which 50 of them are rare platinum NFTs which will be dispensed randomly. Additionally, those who purchase these NFTs will have the chance to win some exciting rewards.

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2022-09-20 16:37:02 The ‘Sandbox’ to develop metaverse city in Dubai

Animoca’s brand, the Sandbox announced during the 62nd edition of the ‘True Global Ventures Conference’ that it will be bringing its metaverse strategy to Dubai. According to the company, the Dubai metaverse city, called ‘Dubaiverse’ will be launched through local partners that include UAE media group.

Animoca Brand’s Dubai-themed metaverse will mirror the Sandbox’s Hong Kong ‘Mega City,’ a gaming metaverse and virtual cultural hub based on the Asian financial hub of Hong Kong. The Dubaiverse will reportedly be built through local partnerships, including firms in the film, music, entertainment, acting, finance, real estate, and gaming industries. Dubai’s virtual asset regulator was the first regulator in the world to purchase a piece of land in Sandbox.

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2022-09-19 18:57:02 Metaverse will be a $13tn opportunity no business can afford to miss

Unless you are a gaming enthusiast, the virtual world may seem less relevant to your daily life, but that could change. Since Facebook became Meta Platforms Inc. in October 2021, the focus has turned toward the metaverse, a virtual reality that could become a $13 trillion economy by 2030, with enormous implications for businesses.

The metaverse is expected to be worth $800 billion within two years. Therefore operating inside it could become nothing short of mandatory over the coming decade, with as much as 25 percent of the economy potentially residing in the virtual realm. For example, luxury powerhouse Gucci opened a “garden” on the Roblox gaming platform last year and released virtual bags that sold for more than $4,000 each.

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2022-09-18 10:54:02 Spanish La Liga Launches a Project on Decentraland

La Liga raised hopes that its Metaverse move will innovate the league and provide best experiences for fans on and off the pitch. The top tier of Spanish soccer – Primera Division, commonly referred to as La Liga – reportedly joined forces with the digital art platform – StadioPlus – to enter the Decentraland Metaverse. Over the course of the partnership.

According to a recent coverage, the move aims to grab the attention of Generation Z, who are among the most active participants in the Metaverse space. Seeing La Liga’s developments in Decentraland’s Vegas City district, those born from 1997 to 2012 might increase their interest in Spanish soccer, too. Speaking on the matter was Stephen Ibbotson – Head of Franchises and Licensing of La Liga. He said the organization had sought ways to innovate itself and surpass competing championships to ensure the best experience for fans on and off the pitch.

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2022-09-17 15:31:02 Square-Enix's Final Fantasy VII NFT Toys Are Infuriating

Square-Enix, one of the most famous games publishers in the world, announced that it was going to be delving into the world of NFTs—even as the world of NFTs crashed and burned around it—gamers were concerned about just how their games, everything from Final Fantasy to, uh, *checks notes* Various Daylife.

Square-Enix’s first tentative foray into NFTs has begun not with its games, but its merchandise, starting with three Final Fantasy VII collectibles in the “Bring Arts” line of posable action figures. Sure, Cloud, Tifa, and Aerith have had a zillion cool toys before, but these ones actually attempt to directly translate the iconic concept design work by Tetsuya Nomura for the original PlayStation game, in 3D form.

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2022-09-16 12:45:05 Blue-Chip NFT Holders Are Now Eligible for an IRL Rewards Program

In the NFT world, the promise of utility is nothing new. Some even argue that forcing utility onto an NFT project can have a detrimental impact on its quality. In spite of that, “utility” remains a priority for new NFT projects entering the space — particularly ones with significant corporate backing.

But what if a third party could step in and provide holders of specific NFTs with tangible utility? That’s exactly what DashDeals is hoping to do. Via this platform, AssetDash hopes to further encourage brands to take their first steps into Web3. “With DashDeals, investors can unlock hundreds of deals based on assets that they own, and brands easily get their product in front of the Web3 community,” said AssetDash Matias Dorta in a press release.

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2022-09-15 06:14:02 Puma Launches Metaverse Experience at NY Fashion Week

Puma, one of the top sporting brands in the United States, has launched Black Station, a 3D spatial playground. This is in a bid to create a unique web3 space that will enable the NFT community to enjoy the brand. The new limited version of the redeemable Puma Sneakers was unveiled during the New York Fashion Week as part of the Futrograde show.

The experience at the show, and one which has been shared widely online, allows Puma clients to enter a hyper realistic digital lobby space. It has three separate portals showing off Nitro NF RNO and Nitro Fastroid sneakers linked to PUMA’s recent NFT Nitro pass mint. A unique Web3 space that enables our NFT community and all PUMA followers to experience the brand like never before.”

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2022-09-14 18:28:02 BlockPark Changing NFT Real-Estate Trading With Upcoming Launch

BlockPark is set to launch across the digital ecosystem and is making impactful changes in NFT trading. The paradigm offered by BlockPark is unique among other NFT trading platforms: Built on the HyperLedger blockchain, it tokenizes real-estate ownership while offering tools that help users grow their investments and manage an extensive portfolio.

BlockPark’s proprietary software offers transparency, accessibility, and liquidity across the global real-estate market. This is done via an NFT marketplace that offers direct property ownership. The aim of the project is to open the real-estate market to everyone across geographical locations and borders. BlockPark intends to create an equitable and transparent real-estate ecosystem that leaves no one behind. The platform operates with an array of unique features.

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2022-09-13 14:23:02 Growth Of Metaverse Increases Trust And Safety Risks

The IT research firm, Everest Group, has released a report entitled, 'Growth of metaverse increases trusts and safety (T&S) risks to enterprises, users', has stated that the metaverse is expected to grow rapidly to a $679 billion industry by 2030, but the growth has implications for T&S, such as threat to user security, increased abuse, proliferation of objectionable content and financial frauds.

The metaverse is attracting large investments from technology giants such as Google, Meta, Microsoft and Nvidia to make the virtual world a reality, and the applications hold unlimited economic and social potential for both good and bad. As organizations develop their business strategies for the metaverse, trust and safety issues need to be among their foremost considerations. Enterprises may be able to adapt some best practices of today, but they will also need to address scenarios and use cases that are unique to the metaverse.

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