NFTs & DeFi 🗓

2022-08-28 03:30:58 A key leader for Meta’s metaverse software is leaving the company

The vice president of Meta’s Horizon social media virtual reality software, Vivek Sharma, is leaving the company, a spokesperson said Friday. Sharma has been with Facebook parent Meta for the past six years, holding high-ranking positions in marketplace and gaming, and most recently its nascent metaverse-related business unit. As VP of Horizon, Sharma, who is based in the Seattle area, oversaw various VR projects such as the Horizon Worlds social media service, which is akin to the online game Second Life that’s been retrofitted to virtual reality.

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2022-08-27 22:20:08 Metaverse Exhibition held in Japan

Tokyo [Japan], August 26 (ANI): Metaverse is the next big revolution in technology which is gaining impetus as a business opportunity in Japan. The Metaverse Exhibition 2022 was recently organized in Japan wherein people enjoyed exploring the Virtual reality universe. Using their pictures, people also made their own avatars with the help of video synthesis technology. Shopping too is getting revolutionised using virtual reality. Staff avatars allow users to try out their favourite items and see how they look from different angles.

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2022-08-27 17:50:06 Total NFTs stolen since July 2021 adds up to more than $100 million.

Digital theft and phishing scam criminals have been making an average of $300,000 per scam, totaling over $100 million worth of NFTs stolen since July 2021. One of the most valuable NFTs ever stolen was CryptoPunk #4324, which the scammer sold for $490,000 on November 13, 2021. Meanwhile, the largest single heist from an individual victim resulted in the loss of 16 blue-chip NFTs worth $2.1 million on December 28, 2021.

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2022-08-27 12:00:49 UAE-based company creates ‘world’s first’ virtual salesperson in the metaverse

SEO Souq, a company in the UAE that specializes in search engine optimization, has created an innovative virtual salesperson, specially designed for the metaverse, called Mr. Musky. According to Kishore Dharmarajan, the company’s CEO, Musky is the first virtual salesperson of its kind in the metaverse. According to experts, the metaverse has seven different layers that range in complexity, from the experience layer, which includes activities such as gaming and entertainment, to an infrastructure layer comprising technologies such as blockchain.

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2022-08-27 05:10:05 Crowds flock to Thailand Metaverse Expo 2022 for glimpse of the future

Thailand Metaverse Expo 2022 (TME) has successfully helped drive Thailand into the Web3 era. More than 50 CEOs of leading companies and gurus of the industry unveiled their visions and the event offered new business opportunities to many of the 4,000 attendees. The three-day event was held for the first time in Thailand. Throughout the three-day event, more than 30 companies and startups from the metaverse and related industries joined the booths. Three stages showcased fresh ideas to illustrate the state-of-the-art power of the new virtual world that will seamlessly connect with the physical world.

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2022-08-27 00:10:07 Animoca Brands’ Japan unit raises $45M at $500M valuation for NFT push

Asia’s crypto games and web3 investment powerhouse Animoca Brands is making inroads into Japan as its local unit picks up $45 million in financing at a $500 million pre-money valuation. The investment, which was shelled out equally by the parent firm Animoca Brands and MUFG Bank. Japan isn’t the most crypto-friendly country. Currently, it imposes a 30% corporate tax on profit from cryptocurrency holdings, including unrealized gains, a policy that has triggered a blockchain brain drain and pleas by local crypto startups to lower tax rates.

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2022-08-26 18:50:08 Researchers warn of darkverse emerging from the metaverse

The metaverse is seen by many companies as a great business opportunity and for new ways of working. Security provider Trend Micro, however, warns in a recent research report that cyber criminals could misuse the technology for their own purposes. Security researchers predict that a kind of darknet structure could emerge there, similar to today's Internet. The machinations of the cyber gangsters could even take place in protected rooms that can only be reached from a specific physical location and via valid authentication tokens.

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2022-08-26 14:10:10 Azuki NFT The Anime Avatar Project Killed by Its Founder

Despite hundreds, possibly thousands of NFT projects launching since the NFT avatar scene exploded in early 2021, not too many went from zero to hero, and even fewer circled all the way back. Azuki’s story is one of those: one of reaching the absolute heights of hype and falling to relative mediocrity. Launched in January 2022 by four anonymous founders, Azuki was one of the few avatar NFT collections that everyone believed had done everything right.

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2022-07-25 16:15:07 LinkedIn Co-Founder Launches NFT on Solana Marketplace

LinkedIn co-founder Reid Hoffman is transforming DALL-E Arts into Solana NFT. The billionaire is rolling out a series of Solana-based non-fungible tokens (NFTs) based on digital images he creates with DALL-E artificial intelligence software. Hoffman explained the development in a Twitter thread, noting that it was inspired by the potential of DALL-E and NFTs. Speaking further on the NFT initiative, the LinkedIn co-founder noted his fascination with how DALL-E “created both digital abundance and digital scarcity.” On digital abundance, he explained that a user with no prior experience with art could generate several images that depict expertise.

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2022-07-25 09:10:06 Fortune India 40 Under 40: ‘Metaverse is a natural progression into the future’

With the Metaverse market estimated to be an $8-trillion opportunity in the coming five years, fashion brands are going big on this next big thing so stay relevant in their game. Is it an opportunity for smart companies or a just bubble? During a 'Metaverse - From Fantasy to Reality' panel discussion at Fortune India's 40 Under 40 Awards. People were scared of how data will be transferred. After the pandemic, virtual reality and extended reality, I feel metaverse will be the next very big opportunity where people don't want to travel or want to have a different experience. Like you go to a supermarket and find predefined clothes.

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