Meta
CEEK VR gains 100%+ as push toward virtual reality and Metaverse development intensifies
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 toward the mass adoption of blockchain technology. One project looking to capitalize on these trends is CEEK VR (CEEK), a entertainment and creator-focused platform aiming to use virtual worlds to connect music artists, athletes and digital content creators with their fans. Data from Cointelegraph Markets Pro and TradingView shows that since trading at a low of $0.289 on March 15, the price of CEEK has gained 123% to hit a daily high of $0.646 on April 7 as its 24-hour trading volume spiked 178% to $90 million. CEEK/USDT 4-hour chart. Source: TradingView Three reasons for the climbing price of CEEK...
Pro traders turn into bears after Ethereum price dropped to $3,200
After a 42% rally over a three-week period, Ether (ETH) peaked at $3,580 on April 3 and since then, a 12% correction to $3,140 has taken place. Tech giants launching their own smart contract platforms and regulatory uncertainty might have impacted investors’ sentiment and derivatives metrics also show worsening conditions that confirm professional traders’ shift toward a bearish sentiment. Ether/USD price at FTX. Source: TradingView On April 6, the Financial Times reported that Meta is reportedly planning to introduce virtual currency and lending services. This move is aimed at exploring alternative sources of revenue for Facebook, WhatsApp, Instagram and Messenger. United States Senator Pat Toomey, the ranking member of the Senate Banking Committee, also drafted a bill proposing a r...
Where To? Black People, Racism & The Metaverse
HipHopWired Featured Video Source: PixelsEffect / Getty For years, people of color have been fighting to be heard on Facebook (ahem, Meta)—beyond the ubiquitous hot takes on pop culture and viral video clips. According to groups like Color of Change, the social media site has been punishing users who inform, denounce and call out racism in their corner of Facebook. USA Today reports that the regulation goes as far as account suspension whenever the phrase “white people” appears in a status update—even when describing personal real-life prejudicial scenarios. So if our communities already feel as if they don’t have a place on Facebook, where would they fit in within the metaverse? The growing popularity of NFTs (non-fungible tokens) have opened the floodgates for people to take their race-b...
Facebook to Verify Ads Ahead of Kenyan General Elections
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Instagram Introduces “Favorites List”
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Don’t Want to Get Blocked Out of Facebook? Accept These Policies
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Australian competition regulator takes Meta to court over fake crypto ads
The Australian Competition and Consumer Commission (ACCC) is taking Meta Platforms, Inc. (formerly Facebook) to the Federal Court, alleging that the firm and its Irish branch engaged in “false, misleading or deceptive conduct” by publishing scam celebrity crypto ads. Some users have lost hundreds of thousands of dollars to the sophisticated and long running scams tied to the ad. The spotlight on Meta has heated up in Australia since the start of February, with Cointelegraph previously reporting that the ACCC was investigating the firm over allegedly fraudulent crypto ads. Aussie mining billionaire Andrew Forrest also took legal action against the company for hosting ads that allegedly used his name to defraud victims. In an announcement posted earlier today, the ACCC asserted that Meta “ai...
Diem team members raise $200M to launch blockchain derived from it
Former Meta employees and key players behind the firm’s defunc stablecoin project Diem have raised $200 million to expand a new project dubbed “Aptos.” Aptos was cofounded by former Novi — Meta’s crypto unit — strategic partnerships lead Mo Shaikh and tech lead Avery Ching. The duo arenow serving as the CEO and CTO for the new firm. Both left the company in December, prior to Diem being sold to Silvergate Capital in February this year. The team is building a decentralized Layer 1 blockchain that is partly based on Move, the coding language initially developed for Diem. The company is now in the process of growing its developer ecosystem and attracting projects to the blockchain, which it touts will be a cheap, secure and scalable network. According to a March 16 announcement, Aptos’ $200 m...
Russia Blocks Instagram Amid Widening Social Media Crackdown
(AP) — Russian regulators said Friday that internet users will be blocked from accessing Instagram because it’s being used to call for violence against Russian soldiers, in Moscow’s latest move to tighten up access to foreign social platforms. The communications and media regulator, Roskomnadzor, said in a statement that it’s restricting national access to Instagram because the platform is spreading “calls to commit violent acts against Russian citizens, including military personnel.” Facebook parent Meta Platforms, which also owns Instagram, didn’t respond immediately to a request for comment. Roskomnadzor specifically cited a Thursday tweet by Meta spokesman Andy Stone conveying a company statement saying it had “made allowances for forms of political expression that would normally viola...
Saweetie Chops It Up With Chlöe Bailey For ‘Icy University’ In The Metaverse
HipHopWired Featured Video Source: Screenshot / Icy University Women’s History Month is in full swing and the good folks at Meta Quest have a full slate of programming in support of the celebration. Fans of Saweetie already know how much of a boss she is, and she welcomed to her Icy University platform a fellow superstar sister in Chlöe Bailey for a chat. Now in its second season, Saweetie’s previously hosted a number of stars from music and entertainment on Icy University such as Mozzy and G Herbo among others, and the appearance of Chlöe Bailey on the program is definitely one to not miss. In the clip, Chlöe shows off some impressive interviewing skills and asks the “Tap In” rapper questions that certainly have been brewing in the minds of her legion of fans. Related Stories In addition ...
Is there a future for digital fashion in the Metaverse?
ourtesy of Kat Taylor Cattytay, digital fashion appeared in 2017. However, we began to talk loudly about it only in 2020. It all began five years ago when Kat first made an Instagram post with the caption “Virtual Clothing!!!” Then, there was a collaboration with Adidas, Off-White, Vetements and Balenciaga. These brands were interested in introducing fashion digitalization even before it blew up in the mass media discourse. Note that the COVID-19 pandemic had yet to happen and people were not stuck at home. Thus, there was no need for digital clothing at all. Nevertheless, it happened and fashion digitalization was predicting the future in the virtual realm. Related: Haute Couture goes NFT: Digitalization at the Paris Fashion Week Of course, we all have tested virtual clothing in computer ...
Snow Crash’s Metaverse was filled with ads in 1992, and the real one will be too
Neal Stevenson’s Snow Crash, a techno-dystopian science-fiction novel that has become a legend among Silicon Valley tech bros, predicted the rise of a future Metaverse all the way back in 1992. Despite Stephenson saying that he was “just making sh*t up”, the eerily accurate predictions and worldbuilding of Snow Crash have been long-revered by tech entrepreneurs and futurists including Jeff Bezos and Mark Zuckerberg. Now, Stephenson’s striking fictional depictions of a Metaverse oversaturated with the neon glow of commercial advertising rings truer than ever as Web3 designers and marketers gear up to begin advertising in the Metaverse(s) of today. On Feb. 23, mixed-reality NFT platform Realm announced a partnership with decentralized advertising exchange Alkimi. Realm stated it intend...
