Ad Ten Japanese companies have come together to create a metaverse economic zone five months after Prime Minister Fumio Kishida said Japan would expand investments in Metaverse and non-fungible tokens (NFTs). Japanese giants like Mitsubishi and Fujitsu are amongst the ones who signed an agreement on Feb. 27 to build an open metaverse infrastructure, according…
Web3 gaming sees strong start to 2023 with on-chain surge
Ad Key Takeaways On-chain gaming activity rose by 1.31% to 858,621 dUAW in January. On average, top gaming tokens’ market caps increased by 122%, with GALA leading at 218% and $384 million. Sewer Pass generated $44.6M in trading volume and 10,561 sold NFTs in just two weeks as Yuga hosted its Dookey Dash competition. Investments…
Globant names metaverse, blockchain as top tech trends in 2023
Ad Metaverse and blockchain technology will take center stage in 2023, according to Globant’s latest Tech Trends report. Metaverse The tech giant believes the potential of the metaverse will be put to the test this year, and whether it sinks or swims remains to be seen. The report said that billions have been invested into…
Annual GameFi Report: What happened in 2022 and where is the industry heading?
Ad This annual report looks at cross-chain data from the blockchain industry to outline the most important metrics and trends from 2022 in GameFi. By looking at last year through the lens of on-chain analytics, we can map the trajectory of the GameFi industry and make more intelligent investment decisions and analyses in 2023. By…
The Sandbox (SAND) surges ahead of token unlock
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 4 days ago
The Sandbox gains 30% following mysterious Saudia Arabia partnership
Latest Report Is the crypto bottom in? On-chain says yes, macro says pain occurs after the fed pause Is Bitcoin poised for a new low or has the bottom been set at $15,500? CryptoSlate analyzed on-chain and macro data to present both sides of the argument. Andjela Radmilac · 4 days ago
Undercity will open the first Act-to-Earn village in Europe
Disclosure: This is a sponsored post. Readers should conduct further research prior to taking any actions. Learn more › Undercity is opening a first-of-its-kind village dedicated to gamers, role players, and cosplayers in France. Spread 10,000 meter-square, the village will be everything an avid gamer hopes for and more. It will house a virtual reality…
Meta (formerly Facebook) sees stock value rise despite $13B in VR losses
Meta — formerly Facebook — reported positive news for general investors but bad news for those interested in its virtual reality (VR) division in its Feb. 1 earnings report. The company saw substantial revenue, bringing in $32.17 billion during Q4 2022 and $116.61 billion over the entire year. Despite year-over-year losses (4% for Q4 and…
IIC: Industrial Metaverse is one of the most promising machine economy use cases
The following is a guest post from Olivier Acuna. Two leading tech firms co-authored an Industrial IoT Consortium (IIC) article introducing the machine economy, a new IoT digital transformation frontier that, according to PwC, will contribute to 70% of the global Gross Domestic Product (GDP) in the next seven years. In a convergence of artificial…
Microsoft switches Metaverse focus from social to business
Microsoft-owned social VR platform AltspaceVR will close on March 10, with the team switching focus to the business-orientated Microsoft Mesh (MM) instead. AltspaceVR to close for the second time Altspace VR was founded by Facebook Reality Labs Social Experiences’ director of product Eric Romo in 2013. Fast forward a few years, the general slowness of…