Metaverse

Instances of sexual harassment in South Korea’s nascent metaverses are raising concerns. Additionally, authorities in the country are struggling to punish offenders in a space that is still largely unregulated. Cases of Abuse The concept of the metaverse is a popular premise that has gained impressive traction in South Korea. Young Koreans continue to embrace AR and VR-based games. This explains why metaverse worlds have likewise met huge adoption in the country.   While South Korea’s quick acceptance of the burgeoning…

The China Banking and Insurance Regulatory Commission has cautioned against using the metaverse to raise funds illegally. A report unveiled this news earlier today, citing a statement on the regulator’s website. The watchdog pointed out that some firms are engaging in illegal fundraising, fraud, and virtual real estate speculation. Urging citizens to be vigilant, the agency said, Beware of being duped, and if you find clues of suspected illegal crimes, please actively report this to the relevant local departments. This…

JP Morgan has joined the Metaverse. The largest bank in the U.S. has secured its spot in Decentraland. Decentraland is a game that allows users to build land and create assets from scratch. It also allows them to build rooms, buildings - and entire cities. In the heart of the game's Metajuku district, a play on Tokyo's Harajuku shopping district, JP Morgan built its Onyx lounge. https://twitter.com/fintechfrank/status/1493633222424551434 Named after its crypto initiative, the Onyx lounge features a tiger roaming the…

Metaverse is now becoming the talk of the town. Ever since Mark Zuckerberg's revelation about Facebook and other platform moving towards the metaverse, people are eyeing the fantastic opportunities that come with it. The new projects based on virtual reality and other technologies allow different experiences. As Facebook embraces the metaverse, it will launch new projects that combine the concepts of VR, cryptocurrencies, and other things. 2021 and 2022 were the years of NFTs and Defi; will we see a rise…

LEASH token spiked 58% after Shiba Inu devs said it would play a crucial role in their upcoming metaverse project. Following metaverse projects like Sandbox and Decentraland, Shiba Inu decided to join in. As a result, the team behind the second-largest meme coin announced their metaverse project. Like everything Shib does, we will lead this Metaverse sector. At this time, our early phase of development continues for the Shiba Inu Metaverse – Codename: Shiberse The second-largest dog-themed meme coin developers…

Crypto diehards have long extolled the possibilities for collaboration between NFTs, the Metaverse, and gaming. Now, it would seem that one gaming giant can see the same. Recent comments from Shuntaro Furukawa – President of Nintendo – indicate that he sees “great potential” in the metaverse. This comes at the increasing popularity of the concept, while other major tech companies onboard the trend. Animal Crossing VS The Metaverse Furukawa shared his thoughts on Nintendo’s relationship with the Metaverse during a…

Rumors of a Disney Metaverse have seen the giant entertainment company searching for top-tier talents with NFT knowledge. Disney is worth about $95 billion and boasts millions of viewers worldwide. Now, it is allegedly preparing a future metaverse for its fans. This is not surprising, considering its recently recurrent ads for job positions. Additionally, comments from the company’s former chairman, Bob Iger, have helped stir these speculations. NFT Job Ads at Disney A quick search for NFT positions on Disney’s…

DROPP, an NFT-based project, is developing geo-location technology that will bring the metaverse to the real world. The platform adds a new dimension to the virtual world. Also, it allows users to interact with simulated 3D objects/environments in the real world. DROPP offers users an interactive platform where they can enjoy Geo-based minting, Land, and Augmented Reality (AR), developed with usable non-fungible tokens (NFTs). Participants in the emerging social metaverse can buy pieces of real estate dubbed 'DROPP LAND.' They…

The modern fashion industry is rapidly discovering the massive potential of the NFT marker to boost the sector’s revenues. From luxury brands such as Dolce & Gabbana to sporting clothing, blockchain technology leads to new business models. This article will discuss Adidas, the latest multinational clothing company to join the NFT market. After reminding readers about the NFT concept, we will analyze Adidas's choice and place it in a broader market context. The popularity of NFTS An NFT (non-fungible token)…