MultiversX claims it will expand upon the Elrond Network’s established ecosystem. Companies keep investing in metaverse despite claims of low user numbers. Elrond, a company that specializes in blockchain technology, recently made the announcement that it will rebrand itself with an emphasis on the metaverse. The firm has rebranded as
The world’s first Metaseminar has been announced by the MetaMetaverse team, an open metaverse project that aims to maximize access for individuals, businesses, entities, and DAOs to create their own metaverse and govern society within its cosmic system. This announcement comes directly from MetaMetaverse CEO and Founder Joel Dietz. The
Island Shopping Mall, Mexico’s first metaverse shopping center. At this time, eighty brands have been verified. There are a number of benefits to visiting shopping centers in the metaverse. One advantage is that they can accommodate as many shops as the architects and builders can dream up. Island Shopping Mall,
The social media giant must pay $24,660,000 to settle 822 breaches. Meta has consistently raised objections to the regulations. Lately, the technology conglomerate Meta has become a hot topic of conversation. The corporation announced its earnings recently. The company’s bottom line took a serious blow due to investments in the
Facebook Reality Labs (FRL) divisions outlined a $2.8 billion loss in Q2, 2022. Shift from “Facebook” to “Meta” states Mark’s intention to get fully involved in the metaverse. Meta’s metaverse division recorded a loss of $3.7 billion in the third quarter of 2022, which is around 1 billion higher than
The agency wants to reach out to the younger generation of people. Developers and investors in the metaverse have expressed optimism. The Norwegian government’s Bronnoysund Register Center has opened a virtual office in the metaverse of Second Life. This has been possible with the help of the accounting firm Ernst
State securities regulators in Texas, New Jersey, Kentucky, and Alabama issued orders. Slotie runs gambling games in more than 150 different online casinos. State securities agencies in four jurisdictions have joined forces to accuse a metaverse casino of breaking the law. By offering for sale NFTs that are considered securities.
Despite the crypto bear market, demand is still fueling the expansion of the metaverse, as evidenced by the latest report from DappRadar, the global app store for decentralized apps. Summary Despite a 91.61% reduction to $90 million in trade volume for virtual worlds in the third quarter, the number of
The first ever Metaverse specifically designed for law enforcement worldwide. Interpol metaverse will allow users to visit a virtual replica of the Interpol headquarters. The first-ever Metaverse specifically intended for “law enforcement worldwide” was introduced by International Criminal Police Organization (Interpol) at the 90th Interpol General Assembly in New Delhi.
Indian cricketer, Virat Kohli announces his partnership with the NFT platform, FanCraze. The collaboration allows cricket fans to buy and collect player cards, and play cricket games to win big prizes. Virat Kohli, an Indian international cricketer and one of the most influential sports figures has announced his entry into
