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2022-09-27 20:50:00 Asia’s largest metaverse platform Zepeto ramps up global expansion

Asia’s largest metaverse platform, Zepeto, is stepping up its global expansion as it looks to compete against the Big Tech groups that are betting billions on creating avatar-filled virtual worlds. Owned by Korean tech group Naver, Zepeto has attracted 340mn users since it launched in 2018. The K-pop and fashion-focused avatar platform, which is valued at more than $1bn, has attracted investment from Korean entertainment companies JYP Entertainment, YG Entertainment and Hybe, as well as from SoftBank’s Vision Fund II. He added that Zepeto was popular in Brazil, and that it was working on Turkish and Arab language versions of the platform as part of a push into the Middle East. It comes as groups from Facebook parent Meta to Microsoft are betting billions that the three-dimensional metaverse will become the next big tech platform.

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2022-09-26 22:14:00 Concordium partners with Versus metaverse to expand beyond Ethereum Mainnet to combat steep gas prices

NFT battle game Versus, which features an Animal-Crossing-inspired open-world multiplayer metaverse, is adding Concordium to its ecosystem allowing players to explore unique arenas in collaboration with major brands. At present, NFT minting and changing ownership transactions for the Versus metaverse. Concordium's state-of-the-art, science-based ID layer allows Versus to perform identity checks and provide accountability without sacrificing privacy, and it can even offer verified gamers fun and unique in-game experiences like battle tournaments and competitions. Concordium is a permissionless layer 1, science-backed blockchain, designed to balance privacy with accountability through its ID layer and the use of Zero-knowledge proofs.

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2022-09-25 20:50:00 Global experts in Dubai to demystify the metaverse

The inaugural Dubai Metaverse Assembly will bring together over 300 regional and international experts who will discuss the potential applications of metaverse and its impact on humanity at Dubai Future Museum on September 28 and 29. Organised by Dubai Future Foundation (DFF), under the patronage of Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Executive Council, the two-day global event will dive deep on the experiences or key sectors such as aviation, logistics, retail, education and healthcare. Local and international experts will also talk about the world’s readiness for metaverse.

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2022-09-24 19:40:05 Hadean raises $30M to build out metaverse infrastructure

Metaverse infrastructure and developer startup Hadean today announced that it has raised $30 million in new funding to bridge the gap between the physical and virtual worlds. The Series A round was led by Molten Ventures, with participation from 2050 Capital, Alumni Ventures, Aster Capital, Entrepreneur First and InQTel. Epic Games, the creator of the massively popular video game “Fortnite” and developer of gaming graphics software kit Unreal Engine also participated in the round. The company was founded in 2015 with the mission of providing a scalable, distributed computing platform for Web3 and the metaverse. It is currently used to power immersive virtual worlds in video games and industrial applications for real-world simulation.

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2022-09-23 22:00:09 CloneX NFTs and the Secret to Nike and RTFKT’s Success

Nike announced in late 2021 that it had acquired Web3 content developer RTFKT Studios, the news went right under the noses of the sneaker and apparel brand’s most die-hard fans. But the wider Web3 community took notice — particularly those tuned into the NFT space. Today, thanks to the rapidly-growing CloneX NFT collection that launched in November 2021, it looks like Nike may reproduce its IRL cultural capital on Web3. In spite of the hype Nike and RTFKT have been building through their numerous NFT drops over the past months, CloneX’s legitimacy looks to be anything but hyperbole. A combination of factors came together to enable the NFT community.

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2022-09-22 21:50:09 Argentine Airline Flybondi to Adopt NFT Technology for Ticket Issuance

Flybondi, a low-cost Argentine airline, is introducing blockchain tech in its operations. The company announced recently it will start issuing tickets as non-fungible tokens (NFTs), broadening the possibilities of what customers can do with them. Users will be able to sell or transfer the tokens to other travelers up to three days before the applicable flight. More companies are including NFTs as part of their business models due to the perceived benefits and advantages they can bring. Flybondi, a low-cost Argentine airline, has also decided to use blockchain tech in its operations, announcing it will issue tickets as non-fungible tokens (NFTs).

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2022-09-21 20:29:02 NFT Project Okay Bears Signs Licensing Deal With IMG

Okay Bears, a successful non-fungible token (NFT) project launched on the Solana blockchain, is teaming up with global entertainment leader IMG to launch consumer products and experiences. The deal places IMG as the exclusive global licensing representative for the community-focused project. The project made $18 million in sales within 24 hours of its April 2022 launch on NFT marketplace Magic Eden - generating more trading volume than any individual Ethereum project. This is significant because many of the most popular NFT projects to date have minted on the Ethereum blockchain.

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2022-09-20 20:20:07 Alibaba Group launches luxury shopping experience in the metaverse

Alibaba is launching a new, immersive shopping experience in the metaverse on its Tmall Luxury Pavilion platform. The shopping platform will host an AR fashion show accessible to select brands and give shoppers an exclusive ‘Meta Pass’, which confers priority digital access to brands’ products. This month in Shanghai, luxury executives also attended an awards ceremony. Next up will be an AR fashion show in collaboration with Vogue China and various artists. Brand’s mascots will strut their stuff down virtual runways on September 22, with viewers on the Tmall Luxury Pavilion’s platform able to interact with the mascots by taking selfies with them. Also this month, followers of fashion within Alibaba’s ecosystem can claim a Meta Pass, free entry into the ecommerce giant’s metaverse.

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2022-09-19 22:40:11 Cosmic Wire and Group Sport LTD Partner to Launch Company's Metaverse

Cosmic Wire, a leader in the push to realize Web3, has partnered with Group Sport to bring the first professional sports team DOA and ultimate fan experience to life utilizing blockchain technology. Purchasers of "The Ownership Experience" NFT will receive original artwork. Group Sport acquires sports teams, creates metaverses, and through the DAO merges in-real-life team game play with the metaverse, initially European football (soccer) clubs. NFT holders participate in the DAO and get special access to the teams both in the metaverse and in real life. This is the future of sports and every sports fanatic's dream. Former armchair coaches will now be a part of the team. NFT pass owners will influence decisions and participate in the sport they love both virtually and IRL via the GSL DAO and metaverse.

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2022-09-19 13:10:21 Just-In: Prosecutors Refutes Terra Founder Do Kwon’s Defense, LUNC Price Falls
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