Tag: Virtual Reality

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Kuwait-Based Islamic Bank Enters the Metaverse

Warba Bank, a Kuwait-based Islamic bank, recently became the latest corporation from the Middle East and North Africa (MENA) to enter the metaverse. The bank now occupies two sites in the metaverse, one Decentraland and another one on Sandbox. Pioneering Digital Transformation In what has been described as a first for an Islamic bank, the…
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Can Metaverse technology enhance human-AI efficiency?

How will AI be used in the metaverse? Can AI and blockchain work together? A dive into the future of AI aligned with blockchain. How does XR create deep collaboration in the metaverse? XR felicitates dynamic collaboration in the metaverse, enabling white-collar work in an intimate office environment. A metaverse driven by AI enables users…
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Developing countries love the Metaverse, rich nations not keen: WEF survey

Developing countries have more than double the amount of people positive that the Metaverse will impact their lives and they’d use it daily in comparison to developed countries. Excitement for the Metaverse and virtual or augmented reality (VR/AR) is much greater in developing countries than in high-income countries according to a survey conducted for the…
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How the Metaverse could impact the lives of kids

The effects of social media on the mental health of kids and teens have been bad enough — will the Metaverse be a safe place for them? How to protect kids and teens in the Metaverse Protecting young individuals is a shared responsibility. Therefore, parents must closely monitor their children’s activities in the Metaverse. As…
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Largest NFT mint ever: Making sense of Yuga Lab’s ‘virtual’ land bonanza

Bored Ape creator Yuga’s Otherdeed launch was the largest NFT mint ever, but are metaverse communities turning into gated communities? Last week, 55,000 parcels of “virtual land” were sold on the Ethereum blockchain for more than $300 million, the largest nonfungible token (NFT) mint ever. It wasn’t without controversy.  In return for shelling out close…
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ApeCoin (APE) hits a new all-time high ahead of this week’s Otherside land auction

APE price continues to hit new all-time highs as BAYC, MAYC and NFT investors prepare for the highly anticipated Otherside land auction. The nonfungible token (NFT) and Metaverse sectors have been the bright spots in an otherwise sideways crypto market in 2022 and proof of this comes as APE token hit a new all-time high…
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US Air Force files trademark application for ‘SpaceVerse’ initiative

SpaceVerse was defined as “a secure digital metaverse that converges terrestrial and space physical and digital realities” as well as provides a simulated environment for training. The United States Air Force has filed a trademark application hinting at the military branch potentially expanding into the metaverse. According to a Thursday application submitted to the U.S.…
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CEEK VR gains 100%+ as push toward virtual reality and Metaverse development intensifies

CEEK VR caught investors’ attention after hosting a booth at the Grammy’s, seeing its token listed on major exchanges, and launching new developments in the nascent Metaverse. Nonfungible tokens (NFTs), decentralized finance (DeFi) and the Metaverse are three of the hottest trending topics in the cryptocurrency ecosystem and each is helping the world slowly move…
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Ledger partners with The Sandbox to promote crypto education in the metaverse

The French crypto wallet company Ledger will educate people about crypto security using the virtual reality of The Sandbox. Cryptocurrency hardware wallet provider Ledger has partnered with blockchain game The Sandbox to promote crypto education in its virtual world. Ian Rogers, Ledger’s chief experience officer, announced the news at Non-Fungible Conference on Monday. He said that…
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What is augmented reality and why is it important for the Metaverse?

What is augmented reality and why is it important for the Metaverse? Find out how AR can enrich your life, now and in the future. How can augmented reality be used in a classroom? How do teachers use augmented reality? As a teacher, you can enrich the curriculum and provide children with a valuable learning…
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