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Meta Reportedly Explores Decentralized Social Platform To Rival Twitter

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…

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ApeCoin (APE): Evaluating Whether This Reversal Has Any Opportunities for Investors

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…

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MANA, ApeCoin Against Market Tide; What You Should Know

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…

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Decentraland (MANA): Why You Should Expect Continued Declines on Price Charts

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…

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Decentraland’s Ecstasy Might Not Last, Given MANA’s Present Capacity

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…

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MTV Launches VMA Metaverse On Roblox 

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…

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FTC Sues Meta After Its Attempt To Monopolize The Metaverse 

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,…

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Axie Infinity Relaunches Ronin Bridge After Hack In March

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…

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ProShares To Join The Crypto Metaverse Race, Awaits SEC Go-Ahead

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…

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Arcade NFT Credit Inc. Generates $15 Million Worth Of Capital In First Series Fundraiser

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…

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Grayscale Believes Metaverse Sector could Hit $1 Trillion

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…

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