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2022-08-25 19:13:02 Beijing announces two-year Metaverse innovation and development plan

The Metaverse development plan requires various municipalities to track NFT technology trends and integrate the Metaverse into education and tourism. The Beijing municipal government on Tuesday announced a two-year (2022–2024) Metaverse innovation and development plan that would require all districts to adhere to the newly released Web3 innovation plan.

The development action plan refers to the Metaverse as a new generation of information technology integration and innovation that would drive the growth of the internet toward Web3. The innovation plan focuses on promoting the development of Metaverse-related industries and helping Beijing build a benchmark city for the digital economy. The action plan demands that various districts build technological infrastructure at a city level and promote its use in various fields, including education and tourism.

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2022-08-25 15:22:02 Hyundai Venue N Line launched in Metaverse

Hyundai Motor India has launched their compact SUV, the Venue N Line in Metaverse, on Roblox, offering a creative virtual experience before it launches in the market. To witness the launch, one can simply download the Roblox app via Play Store and be a part of the virtual launch experience.

In order to make the launch more exciting, Hyundai has included many innovative media experiences in the Metaverse such as India zone, test drive track, Venue N Line zone, showroom, service centre, mini game, photo booth, treasure hunt and N Line merchandise. Each of these will contain a host of immersive activities to provide the users with a distinctive and one-of-a-kind experience. Mr. Tarun Garg, Director (Sales, Marketing and Service), Hyundai Motor India.

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2022-08-24 17:31:02 Pudgy Penguins Ethereum NFTs Pump 83% As Meta, Nansen Execs Join Advisory Board

The Pudgy Penguins are pumping. First launched back in June 2021, the Ethereum NFT collection often referred to as the “Pudgys” is starting to see some of its long-term efforts pay off. The minimum purchase price, or floor price, for a Pudgy Penguin PFP NFT has spiked 83% in the past two weeks and 69% over the past month, according to data from NFTPriceFloor.

To expand its brand presence, the collection has had plans for physical plush toys and a children’s book for a while. But the results of Netz’s work are starting to materialize. Earlier this month, the NFT collection announced the specific Penguin PFPs chosen for its line of “Pudgy Toys” and launched its own marketplace for Pudgy NFTs. But there won’t just be plush toys—Netz said the upcoming toy line will be “diverse.”

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2022-08-24 06:15:05 Big brands start seeing revenue from their NFT sales

The NFT craze of 2021 swept across almost every industry and made non-fungible tokens a household name across the globe, making NFTs, which were once reserved only for a small niche of crypto enthusiasts, catch the eyes of legacy brands that joined in on the craze. After buying sought-after NFT collections like the BAYC or Cryptopunks.

According to data from Dune Analytics, out of all the brands that issued NFT collections on Ethereum, Nike ranked the highest with total revenue of $185.27 million. Nike pocketed $93.10 million from the primary sale of its NFTs and another $92.17 million from royalties. The Cryptokicks collection saw over 67,250 transactions on the secondary market and recorded $1.29 billion in secondary volume, almost tenfold what its competitor Adidas recorded.

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2022-08-23 15:21:02 Invesco Rolls Out New $30 Million Metaverse Fund

Global asset management firm Invesco has launched an investment fund focused on all things Metaverse. The Invesco Metaverse Fund is registered in Luxembourg and has a size of approximately $30 million, a spokesman for Invesco told Decrypt. The Metaverse refers to an integrated network of immersive 3D worlds and online communities where people interact by using virtual reality headsets and augmented forms of reality.

The fund invests in large, medium, and small-cap companies across the Metaverse Value Chain, which, according to marketing materials shared with Decrypt, “encompasses many distinct and interrelated sectors that help facilitate, create, or benefit from the growth of immersive virtual worlds.”. Citing a PWC December 2020 report that estimates that virtual and augmented reality have the potential to add $1.5 trillion to the global economy.

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2022-08-23 15:13:02 CryptoPunk Ethereum NFTs Floor Price Flips Bored Apes for First Time in 5 Months

For a brief, shining moment Sunday morning, the CryptoPunks flipped the Bored Ape Yacht Club, the floor price of the veteran NFT collection topping that of the celebrity-coveted primates for the first time since March, according to NFT Price Floor.

The CryptoPunks were created by Canadian software developers Matt Hall and John Watkinson of Larva Labs in June 2017. The collection of non-fungible tokens (NFTs) on the Ethereum blockchain is widely credited with sparking the NFT craze, inspiring the ERC-721 standard as well as prominent collections that followed—including the Bored Ape Yacht Club, which launched in April 2021. The Apes quickly captured the attention of celebrities, making ownership an A-List status symbol. By the end of the year, the floor price for a BAYC NFT flipped that of the CryptoPunks.

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2022-08-22 17:13:02 Cardano Metaverse Project Cardalonia Partners With ReadyplayerMe To Create Playable Avatars

Cardalonia, a Cardano metaverse project announced today that they have collaborated with Ready Player Me to make avatars in the Cardalonia Metaverse. $LONIA token holders will be able to use their clan avatars and Ready Player Me avatars in a more life-like way to explore the Cardalonia Metaverse.

Cardalonia has also hit a very important milestone as they have announced in their telegram group that they would be listing on a centralized crypto exchange, P2pb2b which will be followed presale of Cardalonia Lands — called Terrania — starting after the October 1st staking vault snapshot. Cardalonia is a virtual world where players can build, own and customize their own experiences on the Cardano.

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2022-08-22 09:02:02 Zuckerberg Mocked for Horizon Worlds’ Metaverse Graphics

Meta’s new Horizon Worlds metaverse game that launched in Paris and Spain this week has drawn criticism for its primitive graphics. The game, accessible through Meta’s Oculus VR headset, was criticized for graphics that looked like a video game from the late 90s and early 2000s.

The beta version of Horizon Worlds was launched to Oculus headset owners in the United States and Canada in Dec. 2021 and later to all individuals 18 and older. By Feb. 2022, the game had garnered 300,000 monthly users. Regarding criticism for the rudimentary graphics, a commentator from Hacker News pointed out that the Oculus VR headset, with its $400 price tag, is the main culprit.

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2022-08-21 21:48:02 Metaverse jobs are disappearing as hiring slows at Google, Facebook

New monthly job postings across all industries with “metaverse” in the title declined 81% between April and June, Revelio found, after surging in the months following Facebook’s rebranding last fall. The dropoff coincides with a broader pullback across the tech sector, which has prompted layoffs.

Meta Platforms Inc. had slowed hiring in May, but said it has picked back up in recent months. “After temporarily pausing hiring for certain roles at the company, we’re excited to resume it again for some of our highest priority areas,” said spokeswoman Andrea Beasley. The company, which brought on more than 5,700 net new hires in the second quarter, is looking to add talent in areas like machine learning, AI and graphics.

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2022-07-24 21:15:06 Cricket NFT Platform Rario becomes the official NFT partner for New Zealand Cricket

People frequently discuss a number of legendary moments in New Zealand cricket. Examples include Tim Southee's 5/18 performance in a T20I against Pakistan in Auckland and Ross Taylor's outstanding undefeated 181-run innings against England in Dunedin.

The good news is that we, the fans, will soon have the chance to purchase these memorable events that have taken place in the country of New Zealand. As part of a five-year agreement between New Zealand Cricket (NZC) and Dream Sports, Rario, the largest cricket NFT platform in the world, has partnered with NZC to release NFTs in the form of classic cricket moments, player cards, and other digital collectibles from New Zealand.Rario is taking another another step toward permanently revolutionising cricket fans with this cooperation.

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