Metaverse
Meta Rumoured to be Working on New Virtual Currency: ‘Zuck Bucks’
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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...
‘Our democracy will better evolve because of DAOs,’ says Animoca’s Yat Siu
The rise of Web3 has paved the way for new business models that could shape the next phase of the internet. For instance, nonfungible tokens (NFTs) will play a large part in the open metaverse as the underlying assets people interact with. Decentralized autonomous organizations (DAOs) are also coming to fruition to allow for community governance within virtual environments. The growth of Web3 has essentially allowed NFTs and DAOs to flourish. For example, recent data from DeepDAO — a DAO stats platform — shows that DAOs have experienced 130-times growth over the last year, reaching a market capitalization of $24.8 billion. In December 2021, DeepDAO found that the total assets under management (AUM) for DAO treasuries listed on the platform increased from around $380 million in Januar...
First Look: Peek Inside FutureFest’s Digital Pinball Machine Ahead of Kaskade’s Metaverse DJ Set
Planning one of the year’s most innovative concerts in the metaverse, FutureFest is on a mission to reinvent shared music experiences. Thanks to FutureFest, you can soon roam around a giant, digital pinball machine as a robot avatar—and serenaded by the sounds of Kaskade. The iconic DJ and electronic music producer is gearing up for a one-of-a-kind performance for FutureFest, an innovative Web3 project based on the Cardano blockchain. The event is co-presented by Space Yacht, who recently launched their “Space Pass” utility NFT on Nifty Gateway, giving fans access to over 100 IRL Space Yacht events as well as metaverse events. Kaskade will be beaming in for a virtual performance in Future Fest’s intricately designed metaverse, which is situated inside a polychromati...
What is augmented reality and why is it important for the Metaverse?
AR and the Metaverse is like a good marriage. You can use them apart from each other, but they’re better together. The Metaverse is a digital landscape that participants can use to build their own virtual environments. It’s a network of different virtual worlds that you can enter through by wearing VR goggles. But, here’s a question: Can you tell why augmented reality is important for the Metaverse? What is the role of AR in the Metaverse? Even though you can’t change the world you’re living in, augmented reality makes it possible to give your surroundings an extra dimension. By using images, sounds, texts or even GPS data, you can enrich the place you’re in. It is key that these elements are presented spatially to affec...
Inside Track: NFT LA Brings Web3 Networking IRL; Miami Music Week’s Big Return
The NFT | LA conference brought web3 networking into real life this week, taking over the Los Angeles Convention Center and surrounding downtown restaurants, bars and venue spaces with the city’s first-ever blockchain-focused gathering of this size. From March 29-31, official programming at the convention center included panels and keynotes covering music, gaming, art, fashion, cryptocurrency and more intersections of culture, commerce and emerging blockchain technology. Mark Cuban, Sandbox CEO Mathieu Nouzareth, Andrew Yang and Baron Davis were some of the big names speaking, as startups showcased their new products, patrons sported shirts with their own Bored Ape characters on them and frames for displaying those virtual non fungible tokens in your IRL living room took up a considerable ...
Zilliqa’s ‘metaverse’ debut pumps ZIL price 350% in just five days — Selloff ahead?
Zilliqa (ZIL) continues its supersonic bull run this week after reports that it will officially launch a so-called metaverse-as-a-service (MaaS) platform in April. ZIL rallied nearly 25% in one day to $0.22 a token by March 30, its best level since May 13, 2021. Its strong move came as a part of a rebound rally that started March 26 when it was trading for as low as $0.047. As a result, its net gains in the past six days came out to be more than 350%. ZIL/USD daily price chart. Source: TradingView Metaverse FOMO Traders started flocking to the Zilliqa market the day after it announced the launch of Metapolis, a MaaS platform built on Nvidia Omniverse, during a VIP event coming April 2 in Miami. The metaverse concept and the companies trying to build it attracted nearly $3 billio...
deadmau5, Richie Hawtin, More Raise $3 Million for Innovative Streaming Company, Volta
As the metaverse continues to expand, more and more electronic artists are investing their assets. Volta is the latest music tech and XR company to receive a cosign from some of the biggest players in the game. Richie Hawtin and deadmau5’s Pixelynx, Jillionaire, Post Malone, and Beatport CEO Robb McDaniels are just a few of the names that have contributed to the company’s latest funding round, which Music Business Worldwide estimates to be valued at $3 million. A handful of venture capital firms also took part. Volta is self-described as a “free, self-service XR creation platform” that will ultimately allow creators to build and broadcast their own experiences within the metaverse. Artists will be able to use their DAW of choice, midi controllers, or metadata to sync visual eff...
BAYC’s ApeCoin up 50% this week as its creator raises $450M in new funding
ApeCoin (APE) continued its rebound move Thursday as the firm behind it raised hundreds of millions of dollars in a funding round led by Andreessen Horowitz. APE’s price surged 7.5% intraday to reach around $14.50 per piece. Notably, the token’s upside move came as a part of a retracement rally that started at the beginning of this week when it was changing hands for as low as $9.50. That pushed APE’s week-to-date profits up by 50%, making it one of the best-performing digital assets since March 21. APE/USD daily price chart. Source: TradingView Big VC booster To recap, ApeCoin digital currency came to existence on March 17, via an “airdrop” backed by Yuga Labs, the creator of the Bored Ape Yacht Club (BAYC), a collection of nonfungible tokens (NFT) popul...
Crypto and NFTs at F1: What are firms bringing to the races beyond sponsorships?
The cryptocurrency community has always put an emphasis on decentralization and globalization. Therefore, it shouldn’t come as a surprise that a number of crypto companies are sponsoring Formula 1 (F1) racing teams in an attempt to further connect with audiences across the world. Research by global analytics company Nielsen Sports found that Formula 1 has the potential to reach about one billion fans globally this year, with the 16–35 age group accounting for the biggest share. The appeal of F1 is clearly on the rise, and cryptocurrency companies are jumping on board to demonstrate their presence. To put this in perspective, there are 10 F1 teams for the 2022 season and crypto companies are currently sponsoring eight. Source: Motorsport.com Crypto and F1: An ideal marketing match Mar...
Animoca Brands targets social media giants in latest Web3 expansion plans
Animoca Brands co-founder and chairman Yat Siu stated that his firm will continue to “shepherd companies into Web3” to speed up the evolution of the internet into an open Metaverse. Siu has long advocated for the broader concept of an open Metaverse as opposed to a closed one that is dominated by large centralized Web2 companies. Central to Siu’s argument is that decentralized Web3 platforms and tech such as NFTs offer users a chance to maintain ownership rights over their data and content online, instead of it being controlled and utilized by firms such as Meta (formerly Facebook). Siu made his latest comments while speaking on day three of the Australian Blockchain Week event earlier today. During his discussion hosted by Caroline Bowler — the CEO of local crypto exchange BTC Markets — t...
SXSW 2022 showcased immersive NFT experiences, lacking crypto and Bitcoin sessions
South by Southwest — commonly referred to as “South By” or “SXSW” — has returned to Austin, Texas this year to showcase the latest trends in interactive media, music, art, film and technology. While SXSW runs through March 20, 2022, the entertainment and technology festival kicked off its first weekend with a large focus on Web3 and nonfungible tokens (NFTs). NFT activations and panels SXSW’s attendees’ interest in NFTs and the future of the internet was particularly evident at the venue hosted by Blockchain Creative Labs (BCL) — a business and creative unit formed by FOX Entertainment in 2021. On March 11, the first day of SXSW, a line consisting of hundreds of people wrapped around the streets of Fifth and Trinity in downtown Austin as SXSW badge holders anxiously awaited entrance to BCL...
