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Creators’ IP rights must be protected in the age of AI — Tracverse founder

Traverse founder Amos Thomas believes stories are the foundation of everything, and that humanity must do everything in its power to protect them.

Human stories and knowledge are the lifeblood of civilization and must protected at all costs in the age of artificial intelligence, according to Tracverse founder Amos Thomas.

Since their mainstream debut roughly two years ago, generative artificial intelligence solutions such as large language models (LLMs) have come under fierce criticism for reportedly sucking up the knowledge and creative outputs of humans, without credit or compensation, to train their algorithms.

The solution to this major issue lies in minting humanity’s stories on the blockchain, says Thomas.

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Study: 98% of 2024 NFT Drops Are Dead; Only 0.2% Have Generated Profits for Investors

Study: 98% of 2024 NFT Drops Are Dead; Only 0.2% Have Generated Profits for InvestorsA new study shows a slump in the non-fungible token market, with low trading activity and steep price drops hinting at potential market oversaturation. Demand and Supply Mismatch A study finds that 98% of non-fungible token (NFT) drops in 2024 have seen no trading activity since September, with 64% having fewer than 10 mints. This […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Alibaba’s Metaverse Unit Layoffs Dozens as Interest Wanes

Alibaba’s Metaverse Unit Layoffs Dozens as Interest WanesAlibaba has laid off employees at its metaverse unit, Yuanjing, reflecting a broader industry trend of waning interest in metaverse projects by large Chinese corporations. Despite Layoffs, Alibaba Remains Committed to the Metaverse Chinese tech giant Alibaba has reportedly laid off dozens of employees at its metaverse unit, Yuanjing, as part of a restructuring exercise. […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

FINRA Warns Member Firms of Metaverse Adoption Challenges

FINRA Warns Member Firms of Metaverse Adoption ChallengesThe Financial Industry Regulatory Authority has released a report highlighting the potential benefits and risks of the metaverse for the securities industry. The report emphasizes the importance of addressing challenges identified to ensure the responsible and ethical development of metaverse applications. Firms Must Weigh Challenges in Metaverse Adoption While the metaverse is said to provide […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

FINRA says rules still apply in the metaverse

The Financial Industry Regulatory Authority says brokers and dealers are increasingly experimenting in the metaverse.

The Financial Industry Regulatory Authority (FINRA), a non-governmental, self-regulatory organization, recently published a report outlining the potential regulatory implications for securities and finance firms operating in the metaverse. 

Along with a breakdown of the current state of metaverse activity in the finance industry and projections for the technology’s future, FINRA also dedicated several paragraphs of the report to reminding businesses that both its rules and relevant government regulations apply to their activities in the metaverse just as they would otherwise. 

FINRA announces the publication of its comprehensive metaverse report on X.com. Source: FINRA

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Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset Investments

Crypto Scheme Settlement: Tennessee and GS Partners Resolve Misleading Digital Asset InvestmentsTennessee has secured a multi-million dollar settlement with GS Partners over alleged deceptive investment schemes involving digital assets and the metaverse. Investors were enticed with tokens and vouchers linked to physical gold, skyscrapers, and virtual staking pools. Now, affected individuals have 90 days to file claims, with promises of refunds for all deposited funds or […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Epic wants Fortnite, Minecraft, Roblox to become interoperable metaverse

Unreal 6 is being designed as a platform for metaverse development.

Epic Games CEO Tim Sweeney recently described a long-term plan for Unreal Games and Fortnite that could finally create the kind of game-agnostic digital assets marketplace Web3 gamers have been dreaming of since the advent of the metaverse.

In a recent interview with The Verge, Sweeney discussed the company’s upcoming Unreal Engine 6.

Unreal is among the most popular game engines in the world. It’s used by developers around the world to make titles such as Epic’s own Fortnite as well as the Mass Effect series and dozens of other AAA gaming franchises and titles. 

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Discovering the Creator-Driven World of Nifty Island

Discovering the Creator-Driven World of Nifty IslandIn the latest episode of Regina’s Web3 Gaming Odyssey, she dives headfirst into Nifty Island—a metaverse brimming with customizable islands, NFT integration, and social interaction. Last week’s quick recap Last episode’s livestreamed game showcased Spellborne’s side quests. After delving into Spellborne’s side quests, I also shared my personal insights and explored the game’s tokenomics. Want […]

Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?

Meta shows off Web3-to-reality bridge with ‘Hyperscape’ metaverse demo

The tech is still experimental, but its implications could change how users view reality.

Meta recently showed off a new “Hyperscape” tech that takes the idea of stitching photographs together to form a 3D environment — such as YouTube’s 360 videos — and turns it into a real-time rendering system that could potentially revolutionize telepresence and redefine the idea of working from home. 

Meta’s still as bullish as ever when it comes to the metaverse. As Cointelegraph recently reported, Meta CEO Mark Zuckerberg showed off the company’s new “Orion” smart glasses at the company’s “Connect” event on Sept. 25.

The Orion glasses purportedly give the user an effective heads-up display, allowing them to navigate the physical world with digital information seamlessly integrated into what they are seeing. 

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Zuckerberg becomes fourth-wealthiest person following shift to Meta

Tech giant Meta's current market capitalization is more than $1.4 trillion — making it one of the most valuable companies in the world.

Tech entrepreneur Mark Zuckerberg is now the world's fourth-wealthiest billionaire — with a net worth of $201 billion — following Facebook's rebrand to Meta in October 2021, and expansion into metaverse hardware and artificial intelligence.

Meta is currently trading at approximately $567 per share at the time of this writing — a more than six-fold increase since the stock's November 2022 lows of roughly $88 per share.

In the year following the rebrand, Meta's stock fell sharply from trading in the $300 range to the November 2022 lows — reflecting investor sentiment toward the company's pivot to augmented reality experiences and the development of AI at the time.

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Is MicroStrategy a bubble? What is the risk for Bitcoin’s price?