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2022-10-24 11:45:03 Mark Zuckerberg should dial down the metaverse crap and make Facebook 'Facebook' again

Meta, the company formerly known as Facebook, should start focusing on making Facebook Facebook again.Over the past year, CEO Mark Zuckerberg has zeroed in on his passion project: the metaverse. It's a squishy concept that can describe a number of things, but in the broadest sense it's the idea that people connect with each other through virtual worlds rather than on a traditional social network.

Zuckerberg should instead dial that down and prioritize bolstering his company's core apps, Facebook, Instagram, and WhatsApp, which have felt largely neglected while Meta poured $15 billion into its metaverse project.Staring down the barrel of a potential recession, Meta should be growing the engagement and revenue of those apps, which have billions of users worldwide. Meanwhile, Horizon Worlds, Meta's main metaverse app, has just 200,000 monthly active users, The Wall Street Journal recently reported.

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2022-10-12 09:39:02 CNN’s NFT marketplace shutdown sparks rug pull accusations

CNN’s NFT marketplace “Vault By CNN” took to Twitter to announce it is shutting down, whipping up community backlash.Some accused CNN of perpetrating a rug pull, while others said they would take legal action against the new company. The marketplace also promised collectors exclusive CNN perks.

The marketplace was launched in the summer of 2021 amid the NFT boom, with the promise that it would “offer collectors the opportunity to own a piece of history.”. Buyers were able to buy collectible “Moments” tied to major news events, historical moments, and artistic renditions of archival media. The NFTs came with utilities like exclusive Discord conversations, and Vault artist chats archive access, and collectors-only articles.

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2022-10-11 15:52:02 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. New research carried out by YouGov for app security company F5 shows six out of 10 respondents say the Metaverse has introduced security complexities.

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2022-10-10 13:08:02 Global metaverse market expected toreach $996 billion in 2030

The global metaverse market is expected to reach $996 billion in 2030, registering a compound annual growth rate (CAGR) of 39.8 per cent. The metaverse market size reached a value of $22.79 billion in 2021, according to GlobalData, a leading data and analytics company.

Companies across the globe, including those in non-tech sectors, are now increasingly investing in technology for better engagement with customers, brand awareness expansion, and identification of new revenue streams. "As of 2021, the media and entertainment market captured a sizable revenue share of the metaverse market. The entertainment experience we have seen through the metaverse has been through music and concerts," said Deepak Agarwal, Project Manager at GlobalData.

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2022-10-09 16:57:02 OpenSea’s CFO Brian Roberts Parts Ways With The NFT Marketplace

Brian Roberts, the chief financial officer of leading NFT marketplace OpenSea took to Facebook to announce his resignation from the firm. Opensea have confirmed for EWN that the parties mutually agreed to part ways. Brian Roberts, the chief financial officer of prominent NFT marketplace OpenSea.

Roberts took to Facebook to announce his resignation adding that he’s still bullish on the future of Web3 applications, especially on OpenSea and its future market policies. Robert’s resignation from the firm comes at a time when the overall NFT market is undergoing a bearish slump in its trading. Per the data collected from Dune analytics, the non-fungible token market has declined drastically in 2022 as compared to last year. In addition, Roberts also confirmed that he will continue to serve the company as its advisor in the future to help OpenSea navigate its course from time to time.

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2022-10-08 19:28:02 Swiss Watch Firm Chronoswiss Unveils Its First Metaverse Watch

Famous Swiss watchmaker Chronoswiss enters the metaverse realm with its limited edition watch collection. The metaverse watch collection is dubbed the “Open Gear ReSec Sugar Rush.”. To provide an example, the interior of the case is vibrantly colored in purple and is a combination of hues.

Ebstein added that the virtual Atelier is a lab for extraordinary ideas in a world that has really no limitations. Chronoswiss also claims to be one of the first to open a virtual watch boutique in the Decentaland metaverse. Decentraland users can visit the Atelier in the Decentraland metaverse at (Location: -101,8). Out of the 100 rare metaverse pieces, 8 of them will be recreated as luxury wearable 3D watches. The eight watches will be available in its Lucerne atelier in Switzerland. Each of these watches will also be connected to an NFT.

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2022-10-07 18:56:02 The China Tech Giants Chasing $8 Trillion of Metaverse Gold

China’s tech giants are finding the call of the metaverse just as irresistible as their US counterparts. Companies such as Tencent, ByteDance, NetEase and Alibaba are racing to build devices and software to shape a virtual market that Morgan Stanley estimates will eventually be worth $8 trillion in China alone.

“Yuan yu zhou,” the Chinese translation of metaverse, has become a buzzword with the China National Intellectual Property Administration (CNIPA) receiving at least 16,000 trademark applications containing the term as of February. While the full realisation of the metaverse, pitched as an ever present interconnected ecosystem of virtual worlds that replicate real life, is years away, aspects of it are already in use, such as augmented reality (AR) and virtual reality (VR) devices. Karin Kong, chief analyst of global technologies at TF Securities in Shanghai, sees social networking and gaming as the top applications.

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2022-10-06 08:40:03 Over 300 3AC-linked NFTs moved to new wallet address

Non-fungible tokens (NFTs) belonging to Starry Night Capital, a subsidiary of collapsed Three Arrows Capital (3AC), have been moved to a Safe (formerly Gnosis Safe) address, Nansen tweeted on Oct. 4. Starry Night Capital is a $100 million NFT-focused fund launched in 2021 by Three Arrows Capital founders Kyle Davies and Su Zhu, along with NFT collector Vincent Van Dough.

According to available information, over 300 NFTs in the address associated with the fund have been moved to a new address. Some popular NFTs moved to the new address include Pepe the Frog NFT Genesis, which it bought for 1,000 ETH (~$3.5M). Other notable NFTs moved by the address include Fidenza #718, Some Other Asshole, DANKRUPT, DECAY, and Pudgy Penguins. These NFTs previously sold for 200 to 500 ETH. Nansen stated that the remaining NFTs in the address have a combined value of 625 ETH ($847,000) at the time of the report, with 89% having low liquidity.

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2022-10-05 12:12:02 Moonbirds DAO to Launch With $2.6M in Ethereum and NFTs From Kevin Rose’s Proof

Proof, which was co-founded by CEO and tech entrepreneur Kevin Rose, revealed additional details for the previously-confirmed DAO structure, which is being established to “empower creatives that are building towards furthering the Moonbirds ecosystem, reputation, and lore,” per an official explainer.

A DAO is an online group united by a shared goal or purpose, with membership typically represented via ownership of a token. In this case, the Moonbirds DAO will allow owners of Moonbirds and the upcoming Moonbirds Mythics NFTs to join and participate, submitting and voting on proposals to expand the ecosystem around the tokenized owl collectibles. Proof’s explainer notes that the DAO is being established to “empower creatives that are building.

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2022-10-04 16:32:12 NFT's & DeFi News pinned «Biggest NFT releated News Channel on Telegram Largest community! Fresh news and releases from the NFT world! Mints of various collections! Contact: @PedroBAYC @NftsDefiNews» Open / Comment