NFT & Crypto Updates

2022-10-11 18:35:43 NFT & Crypto Updates pinned a photo Open / Comment

2022-10-11 18:35:40 Nfts | Opensea | News

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2022-10-11 16:14:01 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”.

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2022-10-11 10:14:01 Singaporean Development Council to Distribute NFTs for Goodwill

More and more these days, NFTs are finding application in goodwill and charitable endeavours. These usually take the form of assets being sold to raise funds for non-profit causes. Now, The South East Community Development Council (South East CDC) in Singapore is leveraging NFTs to benefit the less privileged. NFT distributions to vulnerable people over a 10-year period. The NFTs will be distributed by LifesDAO, a local web3 company. 120 vulnerable people and their families will be the recipients of these NFTs and with them, they can access LifesDAO’s network of over 100 merchants. These merchants include services such as hair styling and traditional medicines.

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2022-10-11 04:14:01 Cybersecurity fears likely to make businesses Metaverse averse

The virtual world of the Metaverse is already attracting people to attend virtual events and play games. It also has the potential for businesses to make money -- research from McKinsey suggests it could be a $5 trillion industry by 2030. In addition 37 percent say their organization has already been attacked in some way related to the Metaverse. Currently only one in ten IT decision makers say their organization is operating in the Metaverse, while 52 percent expect to be there within the next five years or sooner and 35 percent do not have plans to explore or adopt the Metaverse at all. Around 50 percent say security concerns, risks to data privacy and lack of end user interest are among the top three reasons impacting their rate of adoption.

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2022-10-10 21:20:18 Dubai: Celebrating Diwali on Metaverse could soon be a reality

Celebrating Diwali on Metaverse could soon be a reality in Dubai, as social interactions are being transformed using technology, says Dr Aman Puri, Consulate General of India, Dubai. Dr Puri was speaking at The Consulate General of India and Dubai’s Department of Economy and Tourism’s launch of the Diwali festival at Al Seef on Monday. The ten-day-long festivities that start on October 14 2022 in the emirate will include live cultural performances on stage, including a magnificent firework display at Festival City. Diwali Markets will also be dotted around the city where visitors can shop for unique handicrafts, silverware, Diwali specific decorative items and colourful Indian outfits. They can also sample several delicious Indian snacks and beverages, and may even win grand prizes during raffle draws. So I think bringing all this together using technology will definitely enable people to engage with the experience of Diwali.

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2022-10-10 16:14:00 OpenSea CFO Joins Crypto Executives Exodus, Leaves Position

OpenSea Chief Financial Officer Brian Roberts has resigned ten months after assuming the position and will remain an advisor for the company. Roberts announced this on his LinkedIn page. He was the first finance hire for the NFT marketplace and was responsible for growing the finance team. Following his departure, the firm’s Vice President of Finance. The former Lyft CFO said he is “incredibly bullish on web3 and especially OpenSea. The company is heads down building and I assure you, the best is yet to come.” Earlier in the year, OpenSea revealed that it was laying off 20% of its workforce due to the effect of the bear market.

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2022-10-10 10:14:00 30-Day NFT Sales Are 88% Lower Than They Were 8 Months Ago, Google Searches Nosedived

At the end of January 2022, non-fungible token (NFT) sales raked in $4.77 billion and NFT sales have slipped month after month since then. Last month, $549.82 million in NFT sales took place in September which shows monthly NFT sales are more than 88% lower than they were in January. Non-fungible token (NFT) technology was very popular at the end of 2021 and during the first month of 2022. In fact, in terms of Google Trends data (GT), worldwide the term “NFT” scored the highest score a search query can get on the GT database, which is 100. May was the last month that NFT sales printed above the $1 billion mark and that month $3.18 billion in NFT sales were recorded.

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2022-10-10 04:14:01 Banks can’t afford to roll their eyes at the metaverse

With virtual assets already being traded and sold in the metaverse, there is an inevitable demand that financial services, specifically banking, ensure secure payments, investments and transactions for all customers. We take physical and online banking security measures for granted. Luckily, banks have a long history of dealing with fraud in the real and online markets. Forward-thinking banks are already thinking about the metaverse as well, as they seek to capitalize on the untapped potential that an immersive, memorable and personalized customer experience offers. Pilot programs are already underway for connected experiences in areas such as 3D banking and personalized virtual banking.

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2022-10-09 21:50:01 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.

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