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2022-11-18 14:51:58 NFT's & DeFi News pinned «New comfort zone in crypto? After FTX crushed, the crypto market revealed a liquidity problem. Regulators are turning their eyes to the overflow of liquidity from many major crypto exchanges to stabilize their reputation on the eve of reporting periods. …» Open / Comment

2022-11-18 14:51:52 New comfort zone in crypto?

After FTX crushed, the crypto market revealed a liquidity problem. Regulators are turning their eyes to the overflow of liquidity from many major crypto exchanges to stabilize their reputation on the eve of reporting periods.

This turbulence leads to game-changing strategies and offers, and big market players start considering new sources of investments and even changes of beneficiaries. Experienced investors are taking advantage of this. Today we discovered the noteworthy proposal of $200M investments into a global crypto exchange from the European crypto millionaire and founder of two short video platforms – Cheelee and NUTSon.

This way Roman Alekseev intends to “diversify his crypto market presence and create a new comfort and secure zone for storing and managing digital assets of a multi-million audience that has absolutely no confidence in any crypto exchange now”.

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2022-11-18 05:45:01 Coachella NFTs Sold for $1.5M—Now They’re Stuck on FTX

FTX customers around the world have assets frozen on the cryptocurrency exchange after its sudden collapse last week, apparently to the tune of billions of dollars’ worth in total. And it’s not just cryptocurrency or DeFi tokens either—some users have NFTs stuck in FTX, too.

Discord servers tied to projects that launched via the FTX NFTs platform over the last year are now filling up with complaints from users who cannot withdraw their Solana-based assets from the FTX account wallet. Links to many of the projects launched through the FTX NFTs marketplace are likewise now broken. FTX announced on Friday that it had filed for Chapter 11 bankruptcy protection.

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2022-11-17 15:49:02 Metaverse impact on India's economy could be $79-148 billion by 2035, says Deloitte

The potential economic impact of the metaverse in India could range from $79 to $148 billion per year by 2035, translating into 1.3% to 2.4% of the country's GDP, according to a new report by Deloitte.The report, 'The Metaverse in Asia -Strategies for Accelerating Economic Impact', estimates that the impact of the metaverse to GDP.

Beyond its obvious demographic advantage, attitudes of its population towards the metaverse are more optimistic than the rest of the world. The metaverse could open up exciting opportunities for tech talent in India,” said Jehil Thakkar, Partner, Media and Entertainment sector leader, Deloitte India. The metaverse is envisioned to create a new market along with business, and employment opportunities while improving.

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2022-11-16 21:39:02 Manchester United launch official NFT digital collectibles with Tezos

English soccer giants Manchester United have launched their first ever official non-fungible token (NFT) collection, with the first drop of digital collectibles being given away to fans for free. The Premier League outfit says it wants to create a Web 3.0 community that will ‘educate, reward, and unite’ their global fanbase through digital and real-world experiences.

The club describes NFTs as a new form of digital memorabilia and an opportunity for supporters to ‘own’ a part of the club’s history, while receiving rewards tied to ownership of their token. The digital collectibles are based on official training kit partner Tezos’ blockchain platform, with future collections inspired by the club’s history made available for purchase later this season.

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2022-11-15 15:19:02 Metaverse could add up to $1.4tn a year to Asia’s GDP

The metaverse could contribute between S$0.8tn and $1.4tn per year to Asia’s GDP by 2035 if investments in the technology are sustained in the next five to 10 years, according to new research by Deloitte. The metaverse in Asia – strategies for accelerating economic impact, Deloitte noted that awareness of the metaverse in Asia is high.

Still, Deloitte noted that the metaverse will have a transformational impact on Asian economies but whether it will realise its full potential will depend on a wide set of socioeconomic factors and enablers that will vary across markets. Asia is an interesting region to watch for metaverse developments. It dominates the hardware supply chain, and countries like South Korea have already developed a blueprint to foster its metaverse industry.

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2022-11-14 16:22:02 New tool mirrors Optimism NFTs to Ethereum mainnet for use in verified apps

Optimism developers jvmi and Kelvin Fichter released a new app called Magic Mirror on Nov. 9 that allows nonfungible token (NFT) holders to copy or “mirror” their Optimism NFTs to the Ethereum mainnet. NFT holders can now use their Optimism NFTs in a variety of verified apps.

Twitter introduced its NFT badge feature in January, allowing NFT holders to verify ownership of their art. Verified NFTs can be used as a profile picture on Twitter, where they are then denoted with a special hexagonal shape. Prior to Magic Mirror’s release, holders of NFTs from other networks, like Optimism, Polygon, or Avalanche, did not have the ability to do this. The company said that this new tool is an attempt to solve this problem.

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2022-11-13 16:42:02 Morehouse College Makes History As The First-Ever College To Offer Classes In The Metaverse

Founded in 1867, Morehouse College has been a staple in the Black community. As the only HBCU to exclusively serve Black men, the school is known for its academic prowess, notable alumni, and community impact. The Atlanta-based institution is now taking its historic impact.

According to Atlanta’s WSB-TV, Morehouse College is the first college or university to offer classes in the metaverseStudents interested in the virtual program step into their classroom by putting on a headset and immediately engaging in learning.“The metaverse is what I call the world’s greatest playground. But besides that, what it really is, is the next iteration of the web said Muhsinah Morris, Ph.D., virtual reality program.

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2022-11-12 16:22:02 Abu Dhabi Global Market launches mediation in the metaverse

The ADGM Arbitration Centre, the state-of-the-art hearing facility for arbitration and mediation situated in the international financial centre of the UAE’s capital, launched a world’s-first service that hosts mediation in the metaverse. Mediation enables parties to negotiate a settlement of their dispute with the utmost confidentiality.

By using the latest Web3 technology available, ADGM’s “mediation in the metaverse” service will provide a more immersive experience, enhancing virtual mediation by allowing the participants to access a 3D office space. This virtual space will be based on the physical space within the ADGM Arbitration Centre, with video imaging of participants integrated into the virtual surroundings.

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2022-11-11 20:54:02 METAVERSE LAND IS BECOMING A HOT COMMODITY AMONGST COMPANIES

Metaverse Land has become a prominent integration method for many traditional companies into the metaverse. With how new of a concept the metaverse is and how much risk has been associated with it, it comes as no surprise that many are sceptical on this recent marketing trend.

A total of $1.93 billion has been spent on virtual land according to DappRadar, the top reporter on all things blockchain and web3 related. Metaverse Land has opened many doors for brands to have their say on the blockchain. Thanks to The Sandbox we have seen brands like Gucci, Adidas, Gordon Ramsay and Slipknot develop their own experiences which have brought forward new ways to play and earn with NFT collectibles.

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