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2022-10-29 08:10:05 Meta selloff erases quarter of company's value after metaverse losses top $9 billion

Facebook owner Meta’s shares sank by 25% amid a wide selloff that suggests investors are none too pleased with CEO Mark Zuckerberg’s metaverse strategy. The share drop brought Meta’s total market capitalization below $265 billion. It exceeded $1 trillion last year.

Shares fell dramatically on the heels of Meta reporting that Reality Labs, its metaverse division, lost $3.7 billion during the third quarter. The division’s year-to-date losses total $9.4 billion, the company reported on Wednesday. Zuckerberg says his company’s metaverse strategy also includes augmented reality and neural interface technologies, but these are still in phases of research and development.

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2022-10-28 12:43:02 Aptos Is Luring Away Solana NFT Traders and Creators

Enthusiasm around the Solana NFT market has been in short supply lately on Crypto Twitter as marketplaces push back on honoring creator royalties. Trading volume is creeping down, and it might not just be due to bad bear market vibes: rival blockchain network Aptos also appears to be stealing the attention—and funds—of some Solana NFT traders.

Aptos, the so-called “Solana killer” backed by $350 million in VC funds, launched its mainnet last week to doom and gloom from crypto observers, who criticized the supply and distribution of the APT token and claimed that the blockchain was technically underwhelming. But despite all of that, NFTs on Aptos are selling, with its top project at the moment—Aptos Monkeys.

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2022-10-27 11:56:02 Healthcare Triangle Enables Virtual Immersive Experiences and Interactions through Metaverse

Healthcare Triangle Inc., (Nasdaq: HCTI) (“HCTI” or the “Company”) announces its offering and services towards enabling healthcare and life sciences enterprises to facilitate and explore the Metaverse, which will assist healthcare enterprises to introduce virtual and augmented environments for their patients, clinical trials, training healthcare professionals, and more.

The healthcare sector is evolving, according to Market Research Future, and Metaverse in the healthcare industry is forecasted to be worth USD 5.3 Billion by 2030 at a 48.3% CAGR. With the increasing usage of digital twins, Metaverse in healthcare will boost healthcare companies to augment their digital roadmaps by bringing enhanced personalized care to their patients across the globe. Here are a few instances of how the Metaverse for healthcare and life sciences will be accelerating personalized experiences.

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2022-10-26 12:20:05 Exgoland: Building on Dubai's metaverse vision

Metaverse is a game-changer technology with exponential growth potential. Creating new digital experiences allows businesses to immerse their customers in a virtual world. However, the Metaverse means much more than a gaming platform; it has the potential to enable businesses to sell their products and interact with customers.

Companies can explore these new ways to communicate and collaborate. This gives them the power to build businesses similar to the real world. The Metaverse has applications in every industry, from a VR-enabled clothing store to creating virtual conferencing environments. The foundation for the strategy is already laid down, with several Web3 companies having their offices opening in Dubai. Some big industry names include Binance, FTX, and Kraken.

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2022-10-25 11:52:02 L’Oréal and Meta launch metaverse startup accelerator

L’Oréal, Meta and French business school HEC Paris are joining forces to launch a startup acceleration program dedicated to creativity in the metaverse.The programme will support at least five startups that specialise in 3D production, augmented reality (AR), virtual reality (VR), mixed reality, avatar creation, portability in user experience, token economy.

It will be housed in the Meta space within Station F, in the 13th arrondissement of Paris, which bills itself as the world’s biggest startup campus. Applications open until 20 November; a jury composed of Meta, L’Oréal and HEC members as well as entrepreneurs and investors will select the startups in December; and the programme will run from January to June 2023. Successful applicants will be offered mentorship and access to experts and investors.

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2022-10-24 12:25:03 Aptos NFTs Are Coming—And May Put Network Scalability Claims to the Test

The newest crypto on the block, Aptos, launched its mainnet this week to considerable buzz around its token airdrop to early users, but also questions about whether the network—which has raised $350 million in VC funding—can live up to the hype about its tech.

The blockchain's first real test may come soon, however, as a rush of NFT projects prepare to launch on the network. NFT trading has in the past put the Ethereum and Solana networks under considerable stress, so how will Aptos hold up if demand for its NFTs matches the buzz?.The Aptos launch came with sizable expectations, in part due to the ample VC funding and also its origins from Facebook’s scrapped Diem initiative.

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2022-10-23 11:33:02 OPENVERSE Brings Football Fans a Surprise Metaverse During World Cup Season

he OPENVERSE team recently announced completion of their series A financing of 10 million dollars plus, reaching a new milestone for the entity in its plans to become a key avatar builder for metaverses. OPENVERSE avatars bring fans new possibilities of social gaming and interactive game play which serves as a new gateway to various Metaverses.

OPENVERSE has also announced the release of the Atletiverse, a Metaverse created for Spain's leading football team, Club Atlético de Madrid. This will be the first time 3D avatars of famous football athletes are appearing in a real-time, interactive Metaverse. In the Club Atlético de Madrid's metaverse; the Atletiverse, fans are able to engage in real time football games and interactions with their favorite Atletico de Madrid athletes.

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2022-10-12 15:39:02 Formula One files 'F1' trademarks covering crypto, NFTs and Metaverse

The racing competition has plans to set up an online marketplace for cryptocurrency, meta tokens, digital collectibles, crypto-collectibles and NFTs.Formula One is looking to establish itself within the Web3 ecosystem with eight recently filed trademarks for its globally recognized “F1” abbreviation.

According to licensed trademark attorney Mike Kondoudis, the race-car league filed eight trademark applications on Oct. 5 covering cryptocurrency, nonfungible tokens (NFTs), crypto marketplaces, retail stores for virtual goods, cryptocurrency trading and mining, and blockchain financial transactions. Beyond software, Formula One also plans to offer retail store services in virtual goods.

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2022-10-11 14:14:02 Dubai Police release their 'Ghiath' luxury smart patrols as NFTs

The Dubai Police have announced the launch of their luxury smart patrols called ‘Ghiath’ as a non-fungible digital asset. The smart patrols feature a 360-degree camera, eight exterior surveillance cameras, and a facial and licence plate recognition system. The second collection was announced during Gitex Global that kicked off on Monday.

With this, the Dubai Police have released their second collection of NFTs. About 150 people became proud owners of the police’s first NFT collection that featured free digital assets symbolising “values of innovation, security and communication”. Major-General Khalid Nasser Al Razooqi, director of the General Department of Artificial Intelligence, said the force is the first government entity in the UAE and the first police organisation in the world to create its own digital assets. Maj-Gen Al Razooqi pointed out that 22.91 million people from all over the globe registered their interest.

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2022-10-10 12:28:02 Meta’s new head of Seattle-area offices on the road to a metaverse

Paresh Rajwat and his team of engineers at Facebook parent company Meta Platforms are working to take people out of the two-dimensional internet and into a metaverse, where users can chat, shop and play chess, sometimes with people half a world away. The road to there, Rajwat said, “passes through Seattle.”.

Last week, Meta named Rajwat, already vice president of product management, to head of office for the Pacific Northwest. He has spent eight years with the company, working on the monetization of the Facebook app, tapping into the creator economy and overseeing the video team. Before Meta, Rajwat worked at Microsoft, Apple, Yahoo and the advertising company Criteo. Engineers here are working across Meta’s products, from Facebook marketplace to avatars operating in virtual reality to, of course, the metaverse.

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