Beginning with domestic bank-to-bank transactions, Indonesia is advancing its “Project Garuda” plans for a central bank digital currency (CBDC) called Digital Rupiah. The official introduction of the Digital Rupiah design happened last week by the Bank of Indonesia. In the meanwhile, other large economies like India have been trying out
Software development business Aave Companies today announced the purchase of Sonar. It is a San Francisco-based metaverse developer. Where users may construct worlds and interact with user-created areas utilizing non-fungible tokens (NFTs). The Aave Companies is the parent company of many different cryptocurrency initiatives. Such as the Aave lending and
Metabloqs, the first Swiss metaverse built on the XinFin blockchain network has created hype since its launch with more than 300k users. The real-world replication of original cities as “Meta-cities”, and the revenue opportunity via decentralized trusted economy have drawn attention towards the metaverse project. In the Q3 of 2022,
One of the world’s top ten vehicle manufacturers, Stellantis, has opened its first virtual metaverse shop selling the Fiat brand of automobiles. Customers now will be able to virtually test drive the New 500 La Prima by Bocelli. And feel what it’s like to be inside and outside the vehicle
The South Korean VC company Daesung Private Equity has made the decision to invest in the metaverse. On November 30th, the firm announced the creation of a fund dedicated to investing in the metaverse. With a total of 110 billion won (about $83.5 million). With the backing of the Korea
According to Yat Siu, co-founder and executive chairman of Hong Kong’s blockchain gaming behemoth Animoca Brands, the company will soon launch a gigantic $2 billion fund, entitled “Animoca Capital,” to invest in metaverse firms. During an interview with Nikkei Asia, the executive said that digital property rights would be a
Partnerships are the backbone of any successful company particularly if long-term success is to be guaranteed. With that in mind, Over the Reality (OVER) recently collaborated with Decentraland (MANA), which resulted in its participation in one of the largest cross-metaverse events ever, namely Decentraland’s Metaverse Music Festival 2022. OVER’s objective
Sony, a Japanese electronics titan, is making a new gamble in the Metaverse with its newest product. Sony has introduced a new line of wearable motion trackers that can be used in conjunction with smartphones to access the Metaverse. These movement sensors are compatible with both Android and iOS devices.
Meta was fined by Irish data protection authorities for how it handled client information. The investigation that resulted in the €265 million fine (Approx $277) was conducted by the Irish Data Protection Commission. An examination of the online dissemination of sensitive information on 500 million Facebook and Instagram users was
The Russian government has delivered a serious setback to Meta (Facebook). On Friday, Meta was reportedly designated as an extremist group by the Russian Ministry of Justice. An earlier ruling in Russia found that Meta was involved in extremist activity. Additionally, Moscow censored Instagram and Facebook. They said it was
