Jack Ma, co-founder, and CEO of Alibaba, is stepping down as chairman of Ant Group, a Chinese financial technology behemoth. The billionaire’s exit from the fintech behemoth was approved by a vote of the company’s shareholders, according to Reuters. Moreover, a $37 billion IPO by Ant Group in Hong Kong
While enthusiasm for new crypto sub-ecosystems like NFTs was dampened by the 2022 bear market. The Metaverse is still set up for long-term upheaval. McKinsey & Company estimates that the metaverse might be worth up to $5 trillion by 2030. Because of the wide variety of consumer and business-focused use
AR Rahman, a world-famous musician and music director, turned 56 on Friday. On the occasion of his birthday party, Oscar-winning composer AR Rahman announced the release of his metaverse platform “Katraar.” Moreover, he shared the clip across his various social media platforms with a witty remark. The famous artist is
Animoca Brands has scaled down its initial goal of $2 billion and will instead raise $1 billion for its metaverse investment fund in the first quarter of this year. Chairman Yat Siu of Animoca Brands told Bloomberg in a Twitter Spaces conversation: “We had initially looked at a target of
The prominent cricket team “Mumbai Indians” known as ‘MI’ enters the realm of digital collectibles ‘Non-Fungible Tokens‘ (NFTs). The franchise’s parent company, Indiawin Sports Private Limited (ISPL), announced the issuance of the Request for Proposal (RFP) on Jan 2nd 2023. Also, the five-time IPL champion MI is the first IPL
ApeCoin (APE) and Axie Infinity (AXS) are two of the metaverse and gaming-related cryptocurrencies that have had price increases of roughly 6% in the previous 24 hours. Data from CMC shows that APE is up 6.4% to $3.94. AXS is up 6.7% to $6.40, and SAND is up 6.1% to
There has been a recent uptick in the number of game developers interested in including metaverse features. Japanese mobile entertainment provider Gumi has established a strategic partnership with other Japanese firms Square Enix and SBI Holdings. Through the issuing of additional shares with a value of $52.7 million. SBI Holdings
Web3 Trends & Opportunities ─ The Web3 Transformation: What Awaits Us in the Future? To end 2022 with a bang, Coinlive hosted its very own, as well as its very first grand-scale summit, at Suntec Convention & Exhibition Centre on 22 December. The full-day event featured keynote speeches by industry
The “Made in Bengaluru” Kannada film set will be made accessible in the metaverse. Interality, a business that develops mixed reality software, announced the announcement. The screenplay and direction for the film Made in Bengaluru were both created by Pradeep Sastry. Madhusudan Govind is the main attraction, but the supporting
HSBC, a British multinational universal bank, has submitted trademark applications with the United States Patent and Trademark Office (USPTO) for a wide range of digital currency and products and services, including those relating to the metaverse and non-fungible tokens (NFTs). And Mike Kondoudis, a USPTO-licensed trademark lawyer, tweeted on Dec
