According to reports, Meta Platforms Inc, the parent company of Facebook, may soon release its decentralized social network, P92, which would compete directly with Twitter Inc, a company Elon Musk bought last year. According to sources familiar with the matter, the upcoming launch will support ActivityPub, a decentralized social networking protocol used by Mastodon, a…
Metaverse’s Step-wise Evolution People often disregard the ‘Metaverse’ on the pretext that it is far from reality i.e. a world that exists virtually only. However, with the passing of each day, the world is coming to know of the benefits which Metaverse is capable of providing. Initially, Metaverse primarily served as a place for online…
Escalated selling pressure over the past few days saw APE witnessing a patterned bearish break. The crypto saw slight improvements in MVRV and network growth. ApeCoin had its downward snowballing after the alternative token touched its all-time high zone in April 2022. That saw the alt denying buyers an opportunity to welcome trend-shifting rallies for…
While most digital coins recorded double-digit surges within the last few days, metaverse coins didn’t see similar increases. Coinmarketcap data shows the leading metaverse crypto, ApeCoin, witnessed the most upticks within the past seven days, recording a 10% uptick. Decentraland (MANA) followed with its 4% uptick within that timeframe. Horizon Not Impressive for APE Holders…
MANA’s critical resistance zones at $0.72 & $0.82. A bearish block restricted bullish efforts amid the latest bounce. Decentraland (MANA) boasted a $1.12 billion market capitalization during this publication, though this number might drop in the upcoming weeks. The Metaverse token has sustained massive bearishness since August. Meanwhile, MANA’s failure to sustain the $0.75 mark…
Decentraland (MANA) propelled social activity within the last few days following a massive announcement. Spanish football league’s top-tier, LaLiga, entered a strategic deal with SatadioPlus, a technological firm. The agreement will allow Laliga to show themed land plots in Vegas City. Furthermore, Vegas City runs the top games, entertainment, and sports sectors of Decentraland, furthering…
MTV, a famous American cable channel, is the latest to catch the metaverse fever. The cable channel has decided to launch a digital space in Roblox. MTV To Launch Digital Space On Roblox This development is part of the platform’s latest category of awards that would recognize musical performance in the virtual space. For this…
Vitalik Buterin, ETH’s co-founder, thinks that corporate efforts to develop and expand the metaverse would not succeed. He made this assertion while responding to Dean Eigenmann’s post. According to Buterin, the idea of the metaverse is appealing. However, he said that venture capital funding is not what will fuel the progress of the sector. Eigenmann…
The US FTC (Federal Trade Commission) had submitted a lawsuit against Mark Zuckerberg and Meta. The lawsuit aims to prevent the social platform from owning the metaverse. The FTC alleged that Meta’s potential acquisition of Within, a VR firm, and Supernatural, a fitness app, is illegal. The commission cited the antitrust laws in the US,…
Countries and fintech firms are becoming receptive to the Web3 industry. This is due to the potential of the industry and the benefits it can offer. Japan has also embraced the industry. The country’s METI (Ministry of Economy, Trade and Industry) has opened a Web3 Policy Office in the country. Japan’s Fighting To Accelerate Web3…
According to recent reports, Axie Infinity has relaunched its Ronin bridge with some added features. The platform said it conducted three different audits before reopening the bridge. The co-founders of the popular dApp announced the bridge’s reopening on Twitter. They also showed commitment to ensuring users get back their lost funds. Ronin Bridge Relaunch Features…
Meta, the parent company of Instagram and Facebook, has taken another giant stride for the metaverse. The firm is launching a designer virtual clothing store for its users. Hence, users can buy different wear for their digital avatars. Also, Meta opines that this sector would be very profitable. This is because it determines the identity…
A wedding of its kind, which took place entirely virtual, took place in the global village city of Dubai. Wedding formalities such as signing of wedding contracts till the exchange of wedding rings, all took place virtually. A couple recently tied into a marriage relationship found no better way to become husband and wife but…
When a new company launches, it chooses a space and a customer base it wants to target. The majority of the companies want to gain worldwide recognition or at least within their region. Gaining such recognition allows them to make a public appearance, so they go for a stock exchange market. From there, the company…
Profunds Group’s ProShares has revealed its plan to join the increasingly hot crypto Metaverse race in an announcement through its spokesperson. ProShares announced that it had applied with the United States financial watchdog, the SEC, to enable the company to issue crypto Metaverse leveraged ETFs at home and abroad successfully. The US-based company prides itself…
Crypto big shot Sam Bankman-Fried has shared his perceptions about the crypto industry as an innovative tech. His unique revelations came in a lengthy Twitter thread that he posted earlier this week. In the thread by the FTX CEO, the issue of regulations and compliance stood out amongst other challenges. Bankman-Fried Crypto Insights The giant…
Arcade, a credit provision platform that utilizes NFTs as loan collateral, has reportedly generated capital worth $15 million in its first series fundraiser. The credit company that is formerly known as Pawn.fi, has revealed in an announcement on its Twitter page that its just-concluded series A fundraiser has provided $15 million worth of capital to…
While the entire cryptocurrency market is undoubtedly making headlines these days, one of the hottest topics in the sector is none other than Metaverse. Some of the most important and key players in the crypto industry as well as traditional markets have been drawn towards it. Moreover, Grayscale recently declared that there was a possibility…
