Prominent crypto investors like Chainalysis and Coatue have invested $300 million in Niantic’s metaverse project. Niantic, the developer of the popular augmented reality (AR) mobile game Pokemon Go, is planning to build a “real-world” metaverse with newly raised funding. The company officially announced Monday the completion of a $300-million raise from the technology-focused investment manager…
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Metaverse, gaming and incentive-offering DeFi tokens pumped last week even as Bitcoin and the total crypto market capitalization dropped. Here’s why. Looking at the past seven days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin’s…
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Bree McEwan, Associate Professor, Institute of Communication, Culture, Information, and Technology, University of Toronto._______ In the midst of the scandals of the Facebook papers, Facebook rebranded the company as Meta. The new name was designed to reflect a focus beyond the Facebook social network platform, and into the metaverse — the extension of the internet…
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Kucoin Labs, the investigative and investment arm of Kucoin, a cryptocurrency exchange, has launched a $100 million fund to incubate early metaverse related projects. These include blockchain gaming initiatives, NFT platforms, and decentralized platforms, among others. The support will also include direct involvement with the projects selected, including counseling about branding and marketing.
Kucoin…
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An Atari executive has hinted that crypto gaming scalability could one day eclipse all other blockchain technology-related activity combined – explaining that crypto games “could become a blockchain killer app” because “there are a lot more gamers than there are traders worldwide.”… Read More: Crypto Gaming Could Become Blockchain ‘Killer App’, Says Atari Exec Read…
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The Winklevoss twins have big plans for a Gemini future in different Metaverses as they go head to head with archrival Meta. The Winklevoss twins’ crypto exchange Gemini will allocate capital from its $400 million funding round into building a “Gemini experience in different Metaverses.” Gemini announced that it had closed a $400 million equity…
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South Koreas will be immersed in the Metaverse sooner than later, as industries and public services begin rolling out virtual avatars and applications across the country. The South Korean people and an increasing number of major companies in the country have begun to embrace and integrate the Metaverse into their everyday lives in new and…
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Meta says the VR gloves rely on haptic rendering to send “precise instructions to the actuators on the hand,” and outlined a vision where people’s sensations match what they are doing in the Metaverse. Meta — the company formerly known as Facebook — is diving straight into virtual reality with a preview of its latest…
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The investment and research arm of KuCoin exchange, KuCoin Labs, has launched a USD 100m fund to support metaverse-related projects and promote the metaverse education programs, assisting the public – particularly the younger generation – get acquainted with this new concept. … Read More: KuCoin Makes a USD 100M Bet on Metaverse Read more »Pay, Trade,…
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Metaverse gaming tokens, including The Sandbox’s SAND and Axie Infinity’s AXS, have bucked the downtrend in Bitcoin and Ether. Metaverse gaming tokens Ethverse (ETHV), The Sandbox (SAND), GameSwap (GSWAP), Yield Guild Games (YGG) and Axie Infinity (AXS) are the few cryptocurrencies seeing gains on Nov. 17 with Bitcoin (BTC), Ether (ETH) and most of the…
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