1. Home
  2. Metaverse

Metaverse

Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs Prematurely

Tech Entrepreneur Suggests Mainstream Companies May Have Adopted NFT Loyalty Programs PrematurelyAccording to Juan Otero, CEO of the crypto-native travel booking platform Travala, many mainstream companies that attempted to use non-fungible tokens (NFTs) for customer or user loyalty programs may have seized the opportunity prematurely. Otero argued that at the time, Web3 companies had not “even figured out the best ways to use NFTs in loyalty […]

UK order clarifies crypto staking is not a collective investment scheme

South African Police Nab Alleged Mastermind of Metaverse Ponzi Scheme

South African Police Nab Alleged Mastermind of Metaverse Ponzi SchemeNeil Leon De Waal, a key figure in the GS Partners metaverse fraud case, was reportedly arrested by South African law enforcement in late May. He was subsequently released on bail on June 3. Authorities began investigating De Waal following a complaint from one of his victims. The complainant, who lives in Benoni, had to […]

UK order clarifies crypto staking is not a collective investment scheme

Google Partners With Magic Leap to Bolster the Potential of Augmented Reality Technologies

Google Partners With Magic Leap to Bolster the Potential of Augmented Reality TechnologiesOne of the leaders in the augmented reality industry, Magic Leap, announced on May 30 that it had partnered with Google to enhance the potential of augmented reality technologies. This new collaboration aims to release unique product offerings while further expanding the longstanding relationship between the two companies. Magic Leap’s Optics Expertise Combined With Google’s […]

UK order clarifies crypto staking is not a collective investment scheme

Google and Magic Leap partner up to make metaverse goggles despite past flops

It’s unclear why the two companies have partnered up, but the scheme comes amid Apple’s push to dominate the “spatial computing” market.

Magic Leap recently announced “a multi-faceted, strategic technology partnership” with Google to develop new extended reality technologies.

The partnership marks what could be considered an odd pairing in the tech world. Google recently trimmed down its augmented and extended reality teams (AR/XR) and Magic Leap is the creator of one of the field’s biggest flops. Still, as this news could indicate further competition for Apple and Meta when it comes to metaverse hardware and experiences, it very well could bode well for the metaverse as a whole.

The partnership will highlight Magic Leap’s advances in the field of optics alongside Google’s infrastructure, according to a statement from Magic Leap CTO Julie Larson-Green:

Read more

UK order clarifies crypto staking is not a collective investment scheme

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and Scams

US Treasury: NFTs and NFT Platforms Highly Susceptible to Fraud and ScamsA risk assessment conducted by the U.S. Treasury Department found that non-fungible tokens (NFTs) and related platforms are highly susceptible to use in fraud and scams. The risk assessment also warns that criminals can exploit NFTs to launder illicit proceeds or “obfuscate the source of funds.” NFTs Likely to be Used in Fraud and Scams […]

UK order clarifies crypto staking is not a collective investment scheme

Study: 60% of US Crypto Investors Don’t Understand Blockchain

According to a recent survey by Preply, as many as three in five, or 60%, of U.S. cryptocurrency investors do not understand blockchain technology. The study found that Generation Z, despite 41% expressing interest in learning about cryptocurrency, had the smallest percentage of individuals willing to learn. The report also noted that U.S. residents who […]

UK order clarifies crypto staking is not a collective investment scheme

Dolce & Gabbana Sued Over $6,000 NFTs Losing 97% Value

<div>Dolce & Gabbana Sued Over ,000 NFTs Losing 97% Value</div>Dolce & Gabbana USA Inc. faces a lawsuit from a customer who claims the non-fungible tokens (NFTs) he bought for $6,000, which included metaverse outfits, lost 97% of their value due to delivery failures by the luxury fashion house. The complaint, filed in Manhattan federal court, alleges the NFTs were promoted with various digital, physical, […]

UK order clarifies crypto staking is not a collective investment scheme

Blockchain gaming investments reached nearly $1B in April

The investment figures come alongside a record high 2.9 million daily unique active wallets (dUAW) for the month.

Blockchain gaming saw investments totaling $988 million in the month of April, the highest since January 2021. The number of daily unique active wallets also reached a record-setting 2.9 million for blockchain gaming. 

DappRadar, in partnership with the Blockchain Gaming Alliance, released its April blockchain gaming report on 17 May. The banner month for the sector accompanies similar trends in the overall decentralized applications (Dapp) market.

According to the report, the recent boon can be attributed to several factors including renewed consumer interest in digital assets within the context of gaming:

Read more

UK order clarifies crypto staking is not a collective investment scheme

Religious leaders debate going to church in the metaverse

With the Pope sounding off on AI recently, the discourse surrounding religion and technology has heated up.

When the first radio and television broadcasts began to trickle into homes around the world, religious programming was among the early mainstays of both new mediums. Now, as the world pivots away from flat, 2D screens and frequency-bound audio broadcasts, religious practitioners from around the globe have begun adopting metaverse, Web3, spatial computing, and artificial intelligence technologies as conduits to faith. 

However, there are still naysayers who believe there are dangers associated with these technologies, faith leaders who wonder if modern technological trappings are necessary, and billions of traditional religious followers awaiting guidance.

On the supporting side, Sreevas Sahasranamam a Professor at the University of Glasgow, recently expounded on the positive potential for a metaverse for practitioners of the Hindu faith in Swarajya magazine:

Read more

UK order clarifies crypto staking is not a collective investment scheme

Centralized Crypto Exchange Trading Volume Plummets in April After Six Months of Consecutive Gains: CCData

Centralized Crypto Exchange Trading Volume Plummets in April After Six Months of Consecutive Gains: CCData

New data reveals that the overall trading volume of centralized crypto exchanges (CEXs) plummeted in April after six consecutive months of gains. According to blockchain tracker CCData, the combined volume of spot market and derivatives trading on centralized exchange platforms fell by a staggering 43.8% to $6.58 trillion. The firm’s charts indicate that in March, […]

The post Centralized Crypto Exchange Trading Volume Plummets in April After Six Months of Consecutive Gains: CCData appeared first on The Daily Hodl.

UK order clarifies crypto staking is not a collective investment scheme